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AC Alternatives Equity Market Netr Inv (ALHIX) Fund Ranking and Research

Ranking, Research and Recommendation of AC Alternatives Equity Market Netr Inv (ALHIX) Fund

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Graph of AC Alternatives Equity Market Netr Inv Fund (ALHIX) ManagerFund Manager - Brian Garbe

Fund Manager Information

Fund Manager Tenure: 8.9 years
Fund Family: American Century Investments
Fund Category: Market Neutral
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.57)     (What does this score mean?)

 

Graph of AC Alternatives Equity Market Netr Inv Fund (ALHIX) ProfileAC Alternatives Equity Market Netr Inv Fund (ALHIX) Profile

Fund Profile and Description

AC Alternatives Equity Market Netr Inv Fund seeks capital appreciation. AC Alternatives Equity Market Netr Inv Fund invests primarily in publicly traded U.S. companies that have a market capitalization greater than $1 billion. There may be times when the fund holds a significant portion of its assets in cash or cash equivalents, although under normal market conditions the fund intends to invest at least 80% of net assets in long equity positions and at least 80% of net assets in short equity positions at all times.

 

AC Alternatives Equity Market Netr Inv (ALHIX) Fund Strength What we like about AC Alternatives Equity Market Netr Inv (ALHIX) Fund

Data for AC Alternatives Equity Market Netr Inv Fund (ALHIX) as of May 30, 2016

  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) management has been with AC Alternatives Equity Market Netr Inv Fund for 8.9 years
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) has good mid-term performance (3-year return 1.04% vs 0.90% Market Neutral category median performance)
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) has good Long-term performance (5-year return 1.75% vs 0.81% Market Neutral category median performance)
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.84, lower than category average of 3.93
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) has a lower expense ratio than its Market Neutral average: 1.38% vs 1.73%
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

AC Alternatives Equity Market Netr Inv Fund (ALHIX) Weakness What we are cautious about AC Alternatives Equity Market Netr Inv (ALHIX) Fund

Data for AC Alternatives Equity Market Netr Inv Fund (ALHIX) as of May 30, 2016

  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) has a less-than-ideal short-term performance (1-year return -1.16% vs -0.96% Market Neutral category median performance)
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) ratio of up-years vs down years can be improved
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) has a Morningstar rating of 3 and below
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) is less safe compared to its Market Neutral peers
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) has an annual stock turnover rate of 243.00% that is higher than the Market Neutral average of 187.85%. This could mean AC Alternatives Equity Market Netr Inv is more nimble, but also signal potential high tax impact and high trading fees
  • AC Alternatives Equity Market Netr Inv Fund (ALHIX) does not have a good risk adjusted return as its 3-year Alpha of 0.39 is worse than category average of 0.64, and its 3-year Sharpe ratio is 0.35
See AC Alternatives Equity Market Netr Inv Fund (ALHIX) performance details as of May 30, 2016

 

What do you think?

 

Compare AC Alternatives Equity Market Netr Inv Fund (ALHIX)Compare with other top Market Neutral category mutual funds

Aadditional top Market Neutral mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AC Alternatives Equity Market Netr Inv-1.07-1.161.041.75
Calamos Market Neutral Income I (CMNIX)1.740.802.953.39Compare
Gabelli ABC AAA (GABCX)1.091.632.172.63Compare
Calamos Market Neutral Income R (CVSRX)1.520.302.462.87Compare

See top fund managers for Market Neutral Category Funds

 

Compare AC Alternatives Equity Market Netr Inv Fund (ALHIX)Compare with Market Neutral category ETFs

Some Market Neutral ETFs for your consideration

ETFYear to DateOne YearThree Year
QuantShares US Market Neut Momentum (MOM)-7.74%2.74%1.57%
IQ Merger Arbitrage ETF (MNA)000
QuantShares US Market Neut Anti-Beta (BTAL)000
ProShares RAFI Long/Short (RALS)1.18%-2.53%-0.87%

 

Graph of AC Alternatives Equity Market Netr Inv Fund (ALHIX) Net Asset TrackingAC Alternatives Equity Market Netr Inv (ALHIX) Fund Net Asset

Track net asset change of AC Alternatives Equity Market Netr Inv fund (ALHIX)

DateNet Asset
05/2016$120.75M
03/2016$123.55M
02/2016$122.90M
More historic net asset information on AC Alternatives Equity Market Netr Inv Fund (ALHIX)

  

Graph of AC Alternatives Equity Market Netr Inv Fund (ALHIX) Portfolio TrackingAC Alternatives Equity Market Netr Inv (ALHIX) Fund Portfolio Allocation

Track portfolio allocation change of AC Alternatives Equity Market Netr Inv fund (ALHIX)

DateCashStockBondOther
03/201650.96%49.04%0%0%
12/201551.33%48.66%0%0%
09/201552.3%47.69%0%0%
Click here to see more historic asset allocation information on AC Alternatives Equity Market Netr Inv Fund (ALHIX)

 

graph of AC Alternatives Equity Market Netr Inv Fund (ALHIX) Top 10 Position TrackingTop 10 Holdings in AC Alternatives Equity Market Netr Inv (ALHIX) Fund

Discover what AC Alternatives Equity Market Netr Inv Fund (ALHIX) manager is buying

Mar 30, 2016
Henry Schein, Inc. [0.74%]
Cabot Corporation Common Stock [0.71%]
Steel Dynamics, Inc. [0.7%]
ONEOK, Inc. Common Stock [0.7%]
Diamond Resorts International, [0.69%]
Tribune Media Company Class A C [0.68%]
Minerals Technologies Inc. Comm [0.67%]
MEGA URANIUM LTD. [0.67%]
Dominion Resources, Inc. Common [0.67%]
Yahoo! Inc. [0.67%]

Dec 30, 2015
W.R. Grace & Co. Common Stock [0.77%]
Henry Schein, Inc. [0.74%]
Bruker Corporation [0.72%]
Akorn, Inc. [0.7%]
Assurant, Inc. Common Stock [0.68%]
MGM Resorts International Commo [0.67%]
Textron Inc. Common Stock [0.67%]
Lamar Advertising Company [0.67%]
Dominion Resources, Inc. Common [0.66%]
Plum Creek Timber Co Inc [0.66%]

Sep 29, 2015
Old Republic International Corp [0.74%]
W.R. Grace & Co. Common Stock [0.72%]
Cadence Design Systems, Inc. [0.72%]
Synopsys, Inc. [0.71%]
Bank of New York Mellon Corpora [0.7%]
ViaSat, Inc. [0.7%]
Sensient Technologies Corporati [0.69%]
Allete, Inc. [0.69%]
Dominion Resources, Inc. Common [0.68%]
Herman Miller, Inc. [0.68%]
Click here for Stock Holding Change Map in AC Alternatives Equity Market Netr Inv Fund (ALHIX)

  

Latest News on AC Alternatives Equity Market Netr Inv (ALHIX) Fund

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