X0505 N-CEN LIVE 0001535538 XXXXXXXX 811-22641 false false N-1A S000042023 C000130562 C000130563 C000130565 C000130561 C000130564 Franklin Alternative Strategies Funds 811-22641 0001535538 549300QVPTHF1B1GGL64 One Franklin Parkway San Mateo 94403-1906 US-CA US 650-312-2000 ActusRayPartners Limited Room 3, 42F, Lee Garden One 33 Hysan Avenue, Causeway Bay Hong Kong HK N-A 852 3698 9298 Records related to its function as sub-advisor. Apollo Credit Management, LLC 9 West 57th Street New York 10019 212-515-3200 Records related to its function as sub-advisor. BIRNAM OAK ADVISORS, LP 520 MADISON AVENUE SUITE 2104 NEW YORK 10022 212-970-5800 Records related to its function as sub-advisor. Bardin Hill Arbitrage IC Management LP 477 Madison Ave. 8th Floor New York 10022 212-303-9400 Records related to its function as sub-advisor. CAPITAL FUND MANAGEMENT S.A. 23 RUE DE LUNIVERSITE Paris FR 75007 33-1-4949 5949 Records related to its function as sub-advisor. Electron Capital Partners, LLC 599 Lexington Avenue 38th Floor New York 10022 1-212-554-1800 Records related to its function as sub adivisor. FIS Investor Services, LLC /TA 4249 EASTON WAY SUITE 400 COLUMBUS 43219 614-337-6605 Records related to its functions as sub-transfer agent. Franklin Advisers, Inc. One Franklin Parkway San Mateo 94403-1906 1-650-312-2000 Records related to its function as sub-advisor. Franklin Distributors, LLC One Franklin Parkway San Mateo 94403-1906 1-800-632-2350 Records related to its functions as principal underwriter Franklin Templeton Investor Services, LLC One Franklin Parkway San Mateo 94403-1906 650-312-6641 Records related to its functions as transfer agent. Franklin Templeton Services, LLC One Franklin Parkway San Mateo 94403-1906 650-312-2000 Records related to its functions as administrative manager. Graham Capital Management, L.P. 40 Highland Avenue Rowayton 06853 203-899-3400 Records related to its function as sub-advisor. Jennison Associates LLC 466 Lexington Avenue New York 10017-3151 212-421-1000 Records related to its function as sub-advisor. K2/D&S Management Co., L.L.C 300 Atlantic Street 12th Floor Stamford 06901 203-348-5252 Records related to its functions as investment manager. Lazard Asset Management LLC 30 Rockefeller Plaza New York 10112 212-632-6000 Records related to its function as sub-advisor. RBC Global Asset Management (U.S.) Inc. 250 Nicollet Mall Suite 1550 Minneapolis 55401 612-376-7128 Records related to its function as sub-advisor. RBC Global Asset Management (UK) Limited 100 Bishopsgate London GB EC2N 4AA 0044 20 76534000 Records related to its function as sub-advisor. The Bank of New York Mellon 240 Greenwich Street New York 10286 212-495-1784 Records related to its functions as custodian, sub-administrator and accounting agent. N N N-1A 1 Y Ann Torre Bates N/A N David W. Niemiec N/A N Edward I. Altman N/A N Gregory E. Johnson N/A Y Gregory H. 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