American Century Investments Equity Market Neutral Fund Class R (ALIRX)

10.81
Net Asset Value
+0.09%
1 Day
+0.37%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.57%
Expense Ratio
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, primarily publicly traded U.S. companies with a market capitalization greater than $1 billion, from most attractive to least attractive based on each stock's value, as well as its growth potential. Second, the portfolio managers use a quantitative model to build a portfolio of stocks from the ranking described above that they believe will provide the optimal balance between risk and expected return.

Performance

1 month-0.83% 3 years+2.19%
3 months-1.37% 5 years+1.71%
1 year+2.56% Since inception+1.19%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+1.71%+1.58%
Expense ratio3.57%1.81%
Risk 5 year sharpe ratio0.550.24
Net assets$110.2M$685.6M
Average market cap$7.0B$35.2B
Average P/E17.516.4
Portfolio turnover226%226%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyAmerican Century Investments
Fund manager & tenureClaudia Musat / 6 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

Cash98.75%
U.S. stock2.76%
International 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
NBR Nabors Industries Ltd0.57%
SUNE SunEdison Inc0.56%
SCS Steelcase Inc0.55%
MLHR Herman Miller Inc0.52%
MTX Minerals Technologies Inc0.52%
CNVR Conversant Inc0.52%
CBT Cabot Corp0.51%
GMT GATX Corp0.51%
TDS Telephone and Data Systems, Inc.0.51%
X United States Steel Corp0.51%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.