# For Professional Client Use Only. Not for distribution to Retail Clients.
Fund Overview
Performance
Base Currency for Fund	USD
Total Net Assets (USD)	27 million

## Past performance does not predict future returns.
Performance Since Inception in Share Class Currency (%)
Fund Inception Date	30.09.2019
Franklin K2 Wellington Technology Long Short UCITS Fund EO PF (acc) EUR-H1
HFRX Equity Hedge Index in USD
Number of Issuers Long (excl. cash)
Number of Issuers Short (excl. cash)
82	MSCI World Information Technology Index in USD
220
13
200
Benchmark	HFRX Equity Hedge Index, MSCI World Information Technology Index
Investment Style	Alternative
Fund Domicile	Luxembourg
Fund Type	UCITS
Subscription	Daily
Redemption	Daily
Morningstar Category™	Alt - Long/Short Equity - Other
Summary of Investment Objective
180
160
140
120
100
80
60
10/19	04/20	10/20	04/21	10/21	04/22	10/22	01/23
Discrete Annual Performance in Share Class Currency (%)
01/22  01/21  01/20  01/19  01/18  01/17  01/16  01/15  01/14  01/13
01/23  01/22  01/21  01/20  01/19  01/18  01/17  01/16  01/15  01/14
Fund Management
The Fund’s investment objective is to provide long-term capital appreciation.
EO PF (acc) EUR-H1	-28.66  1.66  1.50	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HFRX Equity Hedge Index in USD	0.46 10.92  3.85	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Bruce Glazer: United States Ben Abad: United States
MSCI World Information Technology Index in USD
-16.53 19.77 38.79	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Portfolio Exposure (% of Total)
Performance in Share Class Currency (%)
Cumulative	Annualised	
Since	Since
Gross Exposure	169.22
1 Mth	6 Mths	YTD	1 Yr	3 Yrs
Incept 	3 Yrs	Incept
Net Exposure	38.79
Long Exposure	104.00
Short Exposure	-65.22
EO PF (acc) EUR-H1	6.52	-10.50	6.52	-28.66	-26.39	-21.60	-9.70	-7.03
HFRX Equity Hedge Index in USD	1.56	1.97	1.56	0.46	15.72	18.37	4.98	5.18
| MSCI World Information Technology Index in USD | 10.09 | -4.02 | 10.09 | -16.53 | 38.77 | 63.64 | 11.54 | 15.90 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| HFRX Equity Hedge Index in EUR | -0.01 | -4.14 | -0.01 | 3.81 | 18.05 | 18.67 | 5.69 | 5.26 |
| MSCI World Information Technology Index in EUR | 8.18 | -9.89 | 8.18 | -13.84 | 41.60 | 64.27 | 12.29 | 16.03 |

| Calendar Year Performance in Share Class Currency (%) |  |
| --- | --- |
|  | 2022 | 2021 | 2020 |
| EO PF (acc) EUR-H1 | -36.00 | 2.13 | 9.75 |
| HFRX Equity Hedge Index in USD | -3.18 | 12.14 | 4.60 |
| MSCI World Information Technology Index in USD | -30.60 | 30.15 | 44.26 |
| HFRX Equity Hedge Index in EUR | 2.91 | 20.42 | -3.99 |
| MSCI World Information Technology Index in EUR | -26.05 | 40.03 | 32.35 |

The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
The value of shares in the fund and income received from it can go down as well as up, and investors may not get back the full amount invested. All performance data shown is in the currency stated, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations. The fund offers other share classes subject to different fees and expenses, which will affect their performance.
Top Exposures 
(% of Total)
Fund Measures
Long Exposures (Equity Only) Issuer Name
ALPHABET INC	4.89
MARVELL TECHNOLOGY INC	4.50
AMAZON.COM INC	4.30
HUBSPOT INC	4.24
BLOCK INC	3.91
TRUPANION INC	3.71
NVIDIA CORP	3.65
ADVANCED MICRO DEVICES INC	3.55
CERIDIAN HCM HOLDING INC	3.32
ATLASSIAN CORP	3.28
Value at Risk (VaR)	-10.93%
Standard Deviation (3 Yrs)	14.99%
Sharpe Ratio (3 Yrs)	-0.63
Alpha (3 Yrs)	N/A
Beta (3 Yrs)	N/A
R-Squared (3 Yrs)	N/A
Correlation (3 Yrs)	N/A
% Maximum Drawdown (3 Yrs)	-38.20%
Drawdown Period: N/A
Share Class Information
Fees	Dividends	Fund Identifiers	
|  | Max. Annual |  | Last Paid |  |
| --- | --- | --- | --- | --- |
| Share Class | Incept Date | NAV | TER (%) | Charge (%) | Frequency  Last Paid Date | Amount | Bloomberg ID | ISIN |

 EO PF (acc) EUR-H1	30.09.2019	EUR 7.84	1.05		0.75		N/A	N/A	N/A	 FRWTEOE LX	LU2039786772 
The Performance Fee is 20% a year of any returns the Fund achieves above an applicable High Water Mark. Please see the “Performance Fees” disclosure in the Important Information section. The charges are the fees the fund charges to investors to cover the costs of running the Fund. Additional costs, including transaction fees, will also be incurred. These costs are paid out by the Fund, which will impact on the overall return of the Fund.
Fund charges will be incurred in multiple currencies, meaning that payments may increase or decrease as a result of currency exchange fluctuations.
| Tel | Fax | E-Mail | Web |
| --- | --- | --- | --- |
| +352 46 66 67 1 | +352 46 66 76 | lucs@franklintempleton.com | www.franklintempleton.lu |

Translation (ENFR, 2023-01-31):
# Réservé aux clients professionnels. Non destiné aux clients particuliers.
Devise de référence du compartiment
USD

## La performance passée ne permet pas de prédire les rendements futurs.
Performance sur 3 ans en devise de la part (%)
Actif net total (USD)	27 millions
Date de création	30.09.2019
Franklin K2 Wellington Technology Long Short UCITS Fund EO PF (acc) EUR-H1
MSCI World Information Technology Index en USD
HFRX Equity Hedge Index en USD
Nombre d'émetteurs, positions longues (hors liquidités)
Nombre d'émetteurs, positions courtes (hors liquidités)
82	
190
13	
170
Indice de référence	HFRX Equity Hedge Index, MSCI World Information Technology Index
Domicile du fonds	Luxembourg Type de fonds		UCITS
Souscription	Quotidiennement
150
130
110
90
| Rachat | Quotidiennement | 70 |  |
| --- | --- | --- | --- |
| Catégorie Morningstar™ | Alt - Long/Short Actions - | 50 01/20 | 07/20 | 01/21 | 07/21 | 01/22 | 07/22 | 01/23 |
| Autres	 Performances annuelles glissantes en devise de la part (%) |

Résumé des objectifs d'investissement
|  | 01/22 | 01/21 | 01/20 | 01/19 | 01/18 | 01/17 | 01/16 | 01/15 | 01/14 | 01/13 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 01/23 | 01/22 | 01/21 | 01/20 | 01/19 | 01/18 | 01/17 | 01/16 | 01/15 | 01/14 |
| EO PF (acc) EUR-H1 | -28,66 | 1,66 | 1,50 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| HFRX Equity Hedge Index en USD | 0,46 | 10,92 | 3,85 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

|  | 1 mois | 3 mois | YTD | 1 an | 3 ans | Depuis création |
| --- | --- | --- | --- | --- | --- | --- |
| EO PF (acc) EUR-H1 | 6,52 | 1,29 | 6,52 | -28,66 | -26,39 | -21,60 |
| HFRX Equity Hedge Index en USD | 1,56 | 2,22 | 1,56 | 0,46 | 15,72 | 18,37 |
| MSCI World Information Technology Index en USD | 10,09 | 7,58 | 10,09 | -16,53 | 38,77 | 63,64 |

| Exposition Brute | 169,22 |
| --- | --- |
| Exposition Nette | 38,79 |
| Position acheteuse | 104,00 |
| Position vendeuse | -65,22 |

L’objectif d’investissement du Fonds est de générer des gains en capital à long terme.
| Équipe de gestion |  | MSCI World Information Technology Index en | -16,53 19,77 | 38,79 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bruce Glazer: USA |  | USD |  |  |  |  |  |  |  |  |  |
| Ben Abad: USA |  | Performance en devise de la part (%) |  |  |  |  |  |  |  |  |  |
| Exposition du portefeuille (% du total) |  |  | Cumulée |  |  |  |  |  |  |  |  |

| Performance par année civile en devise de la part (%) |  |
| --- | --- |
|  | 2022 | 2021 | 2020 |
| EO PF (acc) EUR-H1 | -36,00 | 2,13 | 9,75 |
| HFRX Equity Hedge Index en USD | -3,18 | 12,14 | 4,60 |
| MSCI World Information Technology Index en USD | -30,60 | 30,15 | 44,26 |

Le rendement du fonds peut augmenter ou baisser sous l’effet des fluctuations de taux de change.
Le cours des actions du compartiment, ainsi que les revenus afférents, peuvent fluctuer à la hausse comme à la baisse, et il est possible que les investisseurs ne puissent pas récupérer l'intégralité des montants investis. Toutes les performances sont exprimées dans la devise du compartiment, incluent les dividendes réinvestis et sont nettes de frais de gestion. Les frais d'acquisition et autres commissions, taxes et divers frais à la charge de l'investisseur ne sont pas inclus. Le compartiment offre d'autres catégories d'actions sujettes à d'autres frais et dépenses, qui auront un impact sur leur performance.
La part indiquée dans le présent document utilise une stratégie de couverture dans le but de réduire les effets des mouvements de taux de change entre la devise de référence du fonds et la devise de la part. Les rendements de l'indice de référence sont indiqués dans la devise de référence du fonds (USD), alors que les rendements de la part sont indiqués dans la devise de celle-ci (EUR). En conséquence, les rendements indiqués ci-dessus reflètent l'effet de la stratégie de couverture et on ne peut comparer les rendements du fonds (nets de frais) par rapport à son indice de référence sans considérer l'impact des taux de change sur les rendements de l'indice.
| Principales expositions  (% du total) |  |  | Statistiques sur le compa | rtiment |
| --- | --- | --- | --- | --- |
| Expositions à long terme (capitaux propres uniquement) |  |  | Valeur à risque (VAR) | -10.93% |
| Nom de l’émetteur |  |  | Ecart type (3 ans) | 14,99% |
| ALPHABET INC | 4,89 |  | Ratio de Sharpe (3 ans) | -0,63 |
| MARVELL TECHNOLOGY INC | 4,50 |  | Alpha (3 ans) | N/A |
| AMAZON.COM INC | 4,30 |  | Beta (3 ans) | N/A |
| HUBSPOT INC | 4,24 |  | R² (3 ans) | N/A |
| BLOCK INC | 3,91 |  | Corrélation (3 ans) | N/A |
| TRUPANION INC | 3,71 |  | % de recul maximal (3 ans) | -38,20% |
| NVIDIA CORP | 3,65 |  | Période de recul: N/A |  |
| ADVANCED MICRO DEVICES INC | 3,55 |  |  |  |
| CERIDIAN HCM HOLDING INC | 3,32 |  |  |  |
| ATLASSIAN CORP | 3,28 |  |  |  |

Adresse	Téléphone	Site Internet
14 boulevard de la Madeleine - 75008 Paris 01 40 73 86 00	www.franklintempleton.fr
Informations sur la part