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

10.51
Net Asset Value
+0.29%
1 Day
-2.05%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.41%
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-0.76% 3 years+0.19%
3 months-3.22% 5 years+0.70%
1 year-1.41% Since inception+0.73%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+0.70%+1.10%
Expense ratio3.41%1.66%
Risk 5 year sharpe ratio0.420.09
Net assets$120.8M$461.9M
Average market cap$7.1B$25.8B
Average P/E17.316.7
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--

Holdings

Cash99.71%
U.S. stock0.58%
International 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
HSIC Henry Schein Inc0.74%
CBT Cabot Corp0.71%
OKE ONEOK Inc0.70%
STLD Steel Dynamics Inc0.70%
DRII Diamond Resorts International Inc0.69%
TRCO Tribune Media Co0.68%
YHOO Yahoo!0.67%
-- 0.67%
D Dominion Resources Inc0.67%
MTX Minerals Technologies Inc0.67%

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