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

10.76
Net Asset Value
-0.19%
1 Day
+1.51%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.42%
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+1.22% 3 years-0.49%
3 months+0.84% 5 years+1.02%
1 year+1.03% Since inception+0.74%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+1.02%+0.91%
Expense ratio3.42%1.63%
Risk 5 year sharpe ratio0.280.39
Net assets$108.3M$414.3M
Average market cap$7.4B$31.8B
Average P/E20.021.6
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--

Holdings

Cash100.24%
International stock0.50%
U.S. 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
PODD Insulet Corp0.75%
BLL Ball Corp0.75%
BYD Boyd Gaming Corp0.74%
TDC Teradata Corp0.72%
APD Air Products and Chemicals Inc0.71%
CLH Clean Harbors Inc0.70%
NUS NU Skin Enterprises Inc0.70%
UMBF UMB Financial Corp0.70%
ABT Abbott Laboratories0.70%
SATS EchoStar Corp0.69%