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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+0.28% 3 years+1.61%
3 months+1.21% 5 years+2.22%
1 year+0.65% Since inception+0.93%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+2.22%+1.41%
Expense ratio3.41%1.67%
Risk 5 year sharpe ratio0.700.13
Net assets$91.2M$422.5M
Average market cap$6.3B$23.8B
Average P/E17.018.8
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--


U.S. stock2.41%
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
ORI Old Republic International Corp0.74%
GRA W. R. Grace & Co0.72%
CDNS Cadence Design Systems Inc0.72%
SNPS Synopsys Inc0.71%
BK Bank of New York0.70%
VSAT ViaSat Inc0.70%
SXT Sensient Technologies Corp0.69%
MLHR Herman Miller Inc0.68%
D Dominion Resources Inc0.68%

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