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AC Alternatives Equity Market Netr R (ALIRX) Fund Ranking and Research

Ranking, Research and Recommendation of AC Alternatives Equity Market Netr R (ALIRX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of AC Alternatives Equity Market Netr R Fund (ALIRX) ManagerFund Manager - Brian Garbe

Fund Manager Information

Fund Manager Tenure: 8.9 years
Similar Funds: ALIAX  ALICX  ALISX 
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 R Fund (ALIRX) ProfileAC Alternatives Equity Market Netr R Fund (ALIRX) Profile

Fund Profile and Description

AC Alternatives Equity Market Netr R Fund seeks capital appreciation. AC Alternatives Equity Market Netr R 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 R (ALIRX) Fund Strength What we like about AC Alternatives Equity Market Netr R (ALIRX) Fund

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

  • AC Alternatives Equity Market Netr R Fund (ALIRX) management has been with AC Alternatives Equity Market Netr R Fund for 8.9 years
  • AC Alternatives Equity Market Netr R Fund (ALIRX) has good Long-term performance (5-year return 1.23% vs 0.81% Market Neutral category median performance)
  • AC Alternatives Equity Market Netr R Fund (ALIRX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.81, lower than category average of 3.93

AC Alternatives Equity Market Netr R Fund (ALIRX) Weakness What we are cautious about AC Alternatives Equity Market Netr R (ALIRX) Fund

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

  • AC Alternatives Equity Market Netr R Fund (ALIRX) has a less-than-ideal short-term performance (1-year return -1.67% vs -0.96% Market Neutral category median performance)
  • AC Alternatives Equity Market Netr R Fund (ALIRX) has a less-than-ideal mid-term performance (3-year return 0.54% vs 0.90% Market Neutral category median performance)
  • AC Alternatives Equity Market Netr R Fund (ALIRX) ratio of up-years vs down years can be improved
  • AC Alternatives Equity Market Netr R Fund (ALIRX) has a Morningstar rating of 3 and below
  • AC Alternatives Equity Market Netr R Fund (ALIRX) is less safe compared to its Market Neutral peers
  • AC Alternatives Equity Market Netr R Fund (ALIRX) 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 R is more nimble, but also signal potential high tax impact and high trading fees
  • AC Alternatives Equity Market Netr R Fund (ALIRX) does not have a good risk adjusted return as its 3-year Alpha of -0.07 is worse than category average of 0.64, and its 3-year Sharpe ratio is 0.18
  • AC Alternatives Equity Market Netr R Fund (ALIRX) has a higher expense ratio of 1.88% than its Market Neutral average of 1.73%
  • Even though AC Alternatives Equity Market Netr R Fund carries no load, it does have a 0.50% of 12b1 promotion, distributions, marketing expenses
See AC Alternatives Equity Market Netr R Fund (ALIRX) performance details as of May 30, 2016

 

What do you think?

 

Compare AC Alternatives Equity Market Netr R Fund (ALIRX)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 R-1.30-1.670.541.23
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 R Fund (ALIRX)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 R Fund (ALIRX) Net Asset TrackingAC Alternatives Equity Market Netr R (ALIRX) Fund Net Asset

Track net asset change of AC Alternatives Equity Market Netr R fund (ALIRX)

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 R Fund (ALIRX)

  

Graph of AC Alternatives Equity Market Netr R Fund (ALIRX) Portfolio TrackingAC Alternatives Equity Market Netr R (ALIRX) Fund Portfolio Allocation

Track portfolio allocation change of AC Alternatives Equity Market Netr R fund (ALIRX)

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 R Fund (ALIRX)

 

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

Discover what AC Alternatives Equity Market Netr R Fund (ALIRX) 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 R Fund (ALIRX)

  

Latest News on AC Alternatives Equity Market Netr R (ALIRX) Fund

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AC Alternatives Equity Market Netr R Fund (ALIRX) Related ResourcesSee more information on AC Alternatives Equity Market Netr R (ALIRX) Fund

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