American Century 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
Below 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 described above that they believe will provide the optimal balance between risk and expected return.


1 month-0.65% 3 years+1.83%
3 months-0.19% 5 years+1.68%
1 year-2.01% Since inception+1.04%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+1.68%+1.09%
Expense ratio3.42%1.75%
Risk 5 year sharpe ratio0.670.15
Net assets$95.7M$552.2M
Average market cap$7.3B$36.3B
Average P/E18.520.3
Portfolio turnover226%226%

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Fund Management and Purchase Info

Fund familyAmerican Century Investments
Fund manager & tenureClaudia Musat / 9 Years
Minimal initial investment$2,500.00
Minimum IRA investment--


U.S. stock0.83%
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
RAD Rite Aid Corp0.81%
RCL Royal Caribbean Cruises Ltd0.72%
KMX Carmax Inc0.69%
AFSI AmTrust Financial Services Inc0.68%
CNC Centene Corp0.67%
ALGT Allegiant Travel Co0.66%
WCG WellCare Health Plans Inc0.66%
WGL WGL Holdings Inc0.65%
POST Post Holdings Inc0.65%
MATX Matson Inc0.64%

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