<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd http://xbrl.org/2005/xbrldt http://www.xbrl.org/2005/xbrldt-2005.xsd" xmlns:cik0001535538="http://franklintempleton.com/20260531">
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" />
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" />
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" />
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" />
	<link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" />
	<link:arcroleRef arcroleURI="http://www.xbrl.org/2009/arcrole/dep-concept-deprecatedConcept" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/arcrole/deprecated-2009-12-16.xsd#dep-concept-deprecatedConcept" />
	<link:roleRef roleURI="http://franklintempleton.com/20260531/role/RRRiskTable3" xlink:type="simple" xlink:href="c485bpos-20260925.xsd#RRRiskTable3" />
	<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/SeriesOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#SeriesOnly" />
	<link:roleRef roleURI="http://xbrl.sec.gov/oef/role/ClassOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ClassOnly" />
	<link:roleRef roleURI="http://xbrl.sec.gov/rr/role/ShareholderFeesData" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#ShareholderFeesData" />
	<link:roleRef roleURI="http://xbrl.sec.gov/rr/role/OperatingExpensesData" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#OperatingExpensesData" />
	<link:roleRef roleURI="http://xbrl.sec.gov/rr/role/PerformanceMeasureOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#PerformanceMeasureOnly" />
	<link:roleRef roleURI="http://xbrl.sec.gov/rr/role/RiskOnly" xlink:type="simple" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#RiskOnly" />
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/SeriesOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityDomain" xlink:label="EntityDomain" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_S000042023Member" xlink:label="S000042023Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="EntityDomain" xlink:to="S000042023Member" order="1.0" />
	</link:definitionLink>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/oef/role/ClassOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_ShareClassDomain" xlink:label="ShareClassDomain" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_C000130561Member" xlink:label="C000130561Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ShareClassDomain" xlink:to="C000130561Member" order="1.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_C000130562Member" xlink:label="C000130562Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ShareClassDomain" xlink:to="C000130562Member" order="2.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_C000130563Member" xlink:label="C000130563Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ShareClassDomain" xlink:to="C000130563Member" order="3.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_C000130564Member" xlink:label="C000130564Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ShareClassDomain" xlink:to="C000130564Member" order="4.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_C000130565Member" xlink:label="C000130565Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="ShareClassDomain" xlink:to="C000130565Member" order="5.0" />
	</link:definitionLink>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rr/role/PerformanceMeasureOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_PerformanceMeasureDomain" xlink:label="PerformanceMeasureDomain" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_MSCIAllCountryWorldIndex-NR31Member" xlink:label="MSCIAllCountryWorldIndex-NR31Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="PerformanceMeasureDomain" xlink:to="MSCIAllCountryWorldIndex-NR31Member" order="1.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_HFRXGlobalHedgeFundIndex32Member" xlink:label="HFRXGlobalHedgeFundIndex32Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="PerformanceMeasureDomain" xlink:to="HFRXGlobalHedgeFundIndex32Member" order="2.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_ICEBofAUS3-MonthTreasuryBillIndex33Member" xlink:label="ICEBofAUS3-MonthTreasuryBillIndex33Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="PerformanceMeasureDomain" xlink:to="ICEBofAUS3-MonthTreasuryBillIndex33Member" order="3.0" />
	</link:definitionLink>
	<link:definitionLink xlink:type="extended" xlink:role="http://xbrl.sec.gov/rr/role/RiskOnly">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_AllRisksMember" xlink:label="AllRisksMember" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_PrincipalRisks2Member" xlink:label="PrincipalRisks2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="PrincipalRisks2Member" order="1.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_Market2Member" xlink:label="Market2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="Market2Member" order="2.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_Multi-ManagerApproach2Member" xlink:label="Multi-ManagerApproach2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="Multi-ManagerApproach2Member" order="3.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_ManagementandAssetAllocation2Member" xlink:label="ManagementandAssetAllocation2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="ManagementandAssetAllocation2Member" order="4.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_High-YieldDebtInstruments2Member" xlink:label="High-YieldDebtInstruments2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="High-YieldDebtInstruments2Member" order="5.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_Credit2Member" xlink:label="Credit2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="Credit2Member" order="6.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_DerivativeInstruments2Member" xlink:label="DerivativeInstruments2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="DerivativeInstruments2Member" order="7.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_ForeignSecuritiesnon-US2Member" xlink:label="ForeignSecuritiesnon-US2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="ForeignSecuritiesnon-US2Member" order="8.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_CurrencyManagementStrategies2Member" xlink:label="CurrencyManagementStrategies2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="CurrencyManagementStrategies2Member" order="9.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_InterestRate2Member" xlink:label="InterestRate2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="InterestRate2Member" order="10.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_ShortSales2Member" xlink:label="ShortSales2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="ShortSales2Member" order="11.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_EventDrivenInvestments2Member" xlink:label="EventDrivenInvestments2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="EventDrivenInvestments2Member" order="12.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_ConvertibleSecurities2Member" xlink:label="ConvertibleSecurities2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="ConvertibleSecurities2Member" order="13.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_Liquidity2Member" xlink:label="Liquidity2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="Liquidity2Member" order="14.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_InvestinginUnderlyingFunds2Member" xlink:label="InvestinginUnderlyingFunds2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="InvestinginUnderlyingFunds2Member" order="15.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_PortfolioTurnover2Member" xlink:label="PortfolioTurnover2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="PortfolioTurnover2Member" order="16.0" />
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260925.xsd#cik0001535538_Cybersecurity2Member" xlink:label="Cybersecurity2Member" />
		<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="Cybersecurity2Member" order="17.0" />
	</link:definitionLink>
</link:linkbase>