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

Net Asset Value
1 Day
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
Expense Ratio
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. 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.


1 month-1.86% 3 years-1.17%
3 months+0.67% 5 years+0.73%
1 year-0.28% Since inception+0.81%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+0.73%+0.93%
Expense ratio3.43%1.63%
Risk 5 year sharpe ratio0.370.37
Net assets$123.5M$432.8M
Average market cap$7.4B$36.3B
Average P/E19.919.5
Portfolio turnover235%235%

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Fund Management and Purchase Info

Fund familyAmerican Century Investments
Fund manager & tenureClaudia Musat / 11 Years
Minimal initial investment$2,500.00
Minimum IRA investment--


U.S. stock0.74%
International stock0.00%
Fixed income0.00%
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
KOS Kosmos Energy Ltd0.78%
CF CF Industries Holdings Inc0.76%
SEMG SemGroup Corp0.75%
BHI Baker Hughes Inc0.74%
AHL Aspen Insurance Holdings Ltd0.73%
CSL Carlisle Companies Inc0.73%
CDW CDW Corp0.72%
LQ La Quinta Holdings Inc0.72%
-- 0.72%
ZBRA Zebra Technologies Corp0.72%