Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

AC Alternatives® Equity Market Neutral Fund Class R (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, 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.


1 month+0.38% 3 years+0.13%
3 months-0.56% 5 years+0.75%
1 year-0.94% Since inception+0.66%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+0.75%+0.97%
Expense ratio3.41%1.66%
Risk 5 year sharpe ratio0.200.21
Net assets$118.1M$473.7M
Average market cap$7.1B$28.1B
Average P/E17.317.2
Portfolio turnover243%243%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyAmerican Century Investments
Fund manager & tenureClaudia Musat / 10 Years
Minimal initial investment$2,500.00
Minimum IRA investment--


U.S. stock0.58%
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
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%

Partner Offers