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

10.84
Net Asset Value
+0.09%
1 Day
+1.98%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.42%
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+0.84% 3 years-0.12%
3 months+1.98% 5 years+1.11%
1 year+2.26% Since inception+0.67%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+1.11%+1.13%
Expense ratio3.42%1.63%
Risk 5 year sharpe ratio0.200.34
Net assets$100.8M$393.4M
Average market cap$9.2B$36.0B
Average P/E22.021.7
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

Cash100.03%
International stock1.29%
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
CORE Core-Mark Holding Company Inc0.89%
HFC HollyFrontier Corp0.89%
SLM SLM Corp0.88%
JBT John Bean Technologies Corp0.88%
TPH TRI Pointe Group Inc0.88%
HAL Halliburton0.87%
LOPE Grand Canyon Education Inc0.87%
STL Sterling Bancorp0.86%
LEG Leggett & Platt Inc0.86%
EVR Evercore Inc0.86%