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

10.62
Net Asset Value
+0.19%
1 Day
-1.03%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.41%
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. 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-1.76% 3 years+0.83%
3 months-2.12% 5 years+1.33%
1 year-1.39% Since inception+0.84%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+1.33%+1.10%
Expense ratio3.41%1.65%
Risk 5 year sharpe ratio0.470.08
Net assets$117.5M$463.4M
Average market cap$7.1B$27.1B
Average P/E17.614.7
Portfolio turnover243%243%

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Fund Management and Purchase Info

Fund familyAmerican Century Investments
Fund manager & tenureClaudia Musat / 10 Years
Minimal initial investment$2,500.00
Minimum IRA investment--

Holdings

Cash100.41%
U.S. stock0.00%
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
GRA W. R. Grace & Co0.77%
HSIC Henry Schein Inc0.74%
BRKR Bruker Corp0.72%
AKRX Akorn Inc0.70%
AIZ Assurant Inc0.68%
LAMR Lamar Advertising Co0.67%
TXT Textron Inc0.67%
MGM MGM Resorts International0.67%
-- 0.66%
D Dominion Resources Inc0.66%

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