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

10.79
Net Asset Value
+0.09%
1 Day
-0.92%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.42%
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.

Performance

1 month+1.22% 3 years+1.73%
3 months-0.28% 5 years+1.94%
1 year-0.83% Since inception+0.87%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+1.94%+1.42%
Expense ratio3.42%1.76%
Risk 5 year sharpe ratio0.530.23
Net assets$93.9M$520.7M
Average market cap$6.6B$35.2B
Average P/E17.920.2
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--

Holdings

Cash100.05%
U.S. stock1.99%
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
POST Post Holdings Inc0.79%
HNT Health Net Inc0.74%
WGL WGL Holdings Inc0.73%
FCS Fairchild Semiconductor International Inc0.72%
FANG Diamondback Energy Inc0.72%
WWAV WhiteWave Foods Co0.72%
VLO Valero Energy0.72%
DDS Dillard's Inc0.71%
MOH Molina Healthcare Inc0.70%
JLL Jones Lang LaSalle Inc0.69%