Manage Risk. Fight Volatility. AC Alternatives Market Neutral Value Fund is a portfolio diversifier seeking long-term capital appreciation with low volatility and no correlation to the stock market. AC Alternatives Market Neutral Value Fund has no correlation to stocks and low correlation to bonds
Uncommon Performance Profile
AC Alternatives Market Neutral Value Fund seeks to limit broad stock market risk while delivering consistent performance characteristics regardless of market conditions:
- Little to no correlation to stocks and bonds*
- Low relative volatility*
Time-Tested Value Orientation
The fund is managed by a veteran team whose value philosophy dates back to 1993. The fund will:
- Buy long securities that appear relatively undervalued
- Sell short securities that appear relatively overvalued
- Strategically pair long and short positions with tightly correlated business models
A Portfolio Complement
With its uncommon performance characteristics, AC Alternatives Market Neutral Value Fund may complement an investor’s traditional stock and bond investments and help manage overall portfolio threats such as:
- Stock market downside risk and volatility
- Declining bond prices in a rising-rate environment
- Low yield on short-term investments
A Note About Risk
There are risks associated with selling short, including the risk that the fund may have to cover its short positions at a higher price than the short price, resulting in a loss. The fund's loss on a short sale is potentially unlimited, as a loss occurs when the value of a security sold short increases. The fund may invest in medium-sized and smaller companies, which may be more volatile and subject to greater short-term risk than larger companies. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid. Alternative mutual funds that hold a variety of non-traditional investments also often employ more complex trading strategies than traditional mutual funds. Each of these different alternative asset classes and investment strategies have unique risks making them more suitable for investors with an above average tolerance for risk.
Past performance is no guarantee of future results.
Kevin Toney, CFA
Senior Vice President, Senior Portfolio Manager
Dan Gruemmer, CFA
Brian Woglom, CFA
Vice President, Portfolio Manager
Phillip N. Davidson, CFA
Chief Investment Officer, U.S. Value Equity, Senior Vice President
Michael Liss, CFA, CPA
Vice President, Senior Portfolio Manager
Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus. Extraordinary performance is attributable in part to unusually favorable market conditions and may not be repeated or consistently achieved in the future.
W2 If your account falls below the minimum balance, you will be notified and given 90 days to meet the minimum. If the deadline is not met, American Century Investments may redeem the shares in the account and send the proceeds to the address of record.
Alternative mutual funds that hold a variety of non-traditional investments also often employ more complex trading strategies than traditional mutual funds. Each of these different alternative asset classes and investment strategies have unique risks making them more suitable for investors with an above average tolerance for risk.
Expense ratios provided are the funds' total annual operating expense ratios, gross of any fee waivers or expense reimbursements. Expense ratios are as of the funds' most current prospectus.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Thomson Reuters Company, subject to the following: Copyright 2016 © Thomson Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
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Source: Barclays Indices