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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 described above that they believe will provide the optimal balance between risk and expected return.


1 month-0.65% 3 years+1.57%
3 months+0.37% 5 years+1.48%
1 year-1.56% Since inception+0.93%
Data through --

Peer Comparisonvs. Market neutral

Performance 5-yr return+1.48%+1.49%
Expense ratio3.41%1.72%
Risk 5 year sharpe ratio0.690.15
Net assets$87.8M$481.7M
Average market cap$6.8B$32.6B
Average P/E18.217.8
Portfolio turnover243%243%

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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. stock2.50%
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
WMB Williams Companies0.85%
FL Foot Locker Inc0.79%
CAG ConAgra Foods Inc0.78%
WSO Watsco Inc0.76%
MDC MDC Holdings Inc0.76%
NTRS Northern Trust0.75%
SCHW Charles Schwab0.75%
THC Tenet Healthcare Corp0.75%
CF CF Industries Holdings Inc0.75%
THG Hanover Insurance Group Inc0.75%