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

10.69
Net Asset Value
-0.09%
1 Day
-0.37%
Year-to-Date
Overall Morningstar Rating
Market neutral
Style or Category
No Load
Sales Expenses
3.43%
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+1.04% 3 years-0.43%
3 months+2.10% 5 years+0.84%
1 year-1.02% Since inception+0.76%
Data through --

Peer Comparisonvs. Market neutral

 ALIRXCategory
Performance 5-yr return+0.84%+1.86%
Expense ratio3.43%1.64%
Risk 5 year sharpe ratio0.240.44
Net assets$129.8M$439.1M
Average market cap$7.0B$24.2B
Average P/E18.117.2
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--

Holdings

Cash99.61%
Fixed income0.38%
U.S. stock0.36%
International stock0.00%
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
AIZ Assurant Inc0.77%
-- 0.71%
CDK CDK Global Inc0.71%
HHC Howard Hughes Corp0.71%
ZAYO Zayo Group Holdings Inc0.71%
D Dominion Resources Inc0.70%
AEO American Eagle Outfitters Inc0.70%
TRCO Tribune Media Co0.69%
EA Electronic Arts Inc0.69%
BCPC Balchem Corp0.68%