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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+1.04% 3 years+0.28%
3 months+1.33% 5 years+0.83%
1 year-1.02% Since inception+0.70%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+0.83%+1.86%
Expense ratio3.41%1.67%
Risk 5 year sharpe ratio0.360.41
Net assets$135.8M$453.3M
Average market cap$6.9B$23.1B
Average P/E17.016.3
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 stock0.71%
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
OLN Olin Corp0.76%
OKE ONEOK Inc0.75%
RGLD Royal Gold Inc0.73%
HII Huntington Ingalls Industries Inc0.73%
NUS NU Skin Enterprises Inc0.73%
TRCO Tribune Media Co0.71%
D Dominion Resources Inc0.70%
RSPP RSP Permian Inc0.70%
OSK Oshkosh Corp0.70%
DRE Duke Realty Corp0.70%