AC Alternatives® Equity Market Neutral Fund R Class (ALIRX)

10.89
Net Asset Value
-0.09%
1 Day
+2.45%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.42%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation independent of equity market conditions. In selecting stocks for the fund- the portfolio managers use quantitative management techniques in a two-step process. First- the managers rank stocks- generally publicly traded companies world-wide with a market capitalization greater than $1 billion. Second- the portfolio managers use a quantitative model to build a portfolio of stocks from the ranking that they believe will provide the optimal balance between risk and expected return. The fund will invest at least 80% of its net assets in equity investments.

Performance

1 month+1.49% 3 years+0.49%
3 months-0.09% 5 years+1.02%
1 year+3.32% Since inception+0.72%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+1.02%+0.87%
Expense ratio3.42%1.64%
Risk 5 year sharpe ratio0.060.19
Net assets$97.8M$441.3M
Average market cap$10.2B$23.4B
Average P/E16.918.4
Portfolio turnover344%344%

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Fund Management and Purchase Info

Fund familyAmerican Century Investments
Fund manager & tenureClaudia Musat / 12 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

Cash99.97%
International stock3.10%
U.S. stock0.00%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 13.64%
Industrial materials 12.37%
Consumer goods 12.06%
Energy 10.52%
Hardware 10.46%
Top 10 Holdings
Portfolio weighting
HHC Howard Hughes Corp1.02%
HRC Hill-Rom Holdings Inc0.99%
NDAQ Nasdaq Inc0.97%
NUS NU Skin Enterprises Inc0.96%
AMTD TD Ameritrade0.96%
LVS Las Vegas Sands Corp0.95%
PCH PotlatchDeltic Corp0.94%
TSS Total System Services Inc0.94%
KNX Knight-Swift Transportation Holdings Inc0.93%
LPX Louisiana-Pacific Corp0.92%