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AC Alternatives® Equity Market Neutral Fund R Class (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-0.19% 3 years-1.14%
3 months-1.30% 5 years+0.75%
1 year+0.95% Since inception+0.63%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+0.75%+0.88%
Expense ratio3.43%1.60%
Risk 5 year sharpe ratio0.150.37
Net assets$115.3M$415.1M
Average market cap$7.3B$34.9B
Average P/E19.420.4
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--


International stock1.15%
U.S. 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
SNPS Synopsys Inc0.74%
RBC Regal Beloit Corp0.74%
BC Brunswick Corp0.74%
ESNT Essent Group Ltd0.73%
FAST Fastenal Co0.72%
CHDN Churchill Downs Inc0.71%
ALSN Allison Transmission Holdings Inc0.71%
CSL Carlisle Companies Inc0.71%
DXC DXC Technology Co0.71%
TDC Teradata Corp0.70%