AC Alternatives® Equity Market Neutral Fund R Class (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- generally publicly traded companies world-wide 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-0.37% 3 years-0.37%
3 months+0.37% 5 years+0.58%
1 year+1.51% Since inception+0.85%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+0.58%+1.13%
Expense ratio3.42%1.63%
Risk 5 year sharpe ratio0.190.29
Net assets$100.9M$418.7M
Average market cap$10.3B$38.0B
Average P/E22.619.9
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--


U.S. stock0.15%
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
HFC HollyFrontier Corp1.02%
SM SM Energy Co1.02%
HAL Halliburton1.01%
STI SunTrust Banks Inc1.00%
RL Ralph Lauren Corp0.99%
RSPP RSP Permian Inc0.98%
DECK Deckers Outdoor Corp0.97%
OC Owens Corning0.97%
GVA Granite Construction Inc0.97%
PODD Insulet Corp0.96%