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Trending ETFs

Name

As of 03/11/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.48

$9.44 M

0.00%

3.94%

Vitals

YTD Return

0.1%

1 yr return

-0.2%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

-2.3%

Net Assets

$9.44 M

Holdings in Top 10

49.4%

52 WEEK LOW AND HIGH

$8.5
$8.44
$8.54

Expenses

OPERATING FEES

Expense Ratio 3.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 299.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/11/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.48

$9.44 M

0.00%

3.94%

ACVWX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -2.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    AC Alternatives® Market Neutral Value Fund
  • Fund Family Name
    American Century Investments
  • Inception Date
    Oct 31, 2011
  • Shares Outstanding
    23757
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Toney

Fund Description

The portfolio managers use a value investment strategy to construct the portfolio for the fund. The portfolio managers buy, or take long positions in, equity securities they have identified as undervalued. They take short positions in equity securities that they have identified as overvalued. A short position arises when the fund sells a security it does not own but has borrowed in anticipation that the market price of the security will decline. To close out the short sale, the fund buys the same stock in the market and returns it to the lender. If the market price in fact declines, the fund can replace the borrowed security at a lower price and capture the value represented by the difference between the higher sale price and the lower replacement price. The fund’s investment process is designed to maintain approximately equal dollar amounts invested in long and short positions at all times. By employing this market neutral strategy, the fund seeks to limit market risk (the effects of general market movements on the fund’s performance). A market neutral strategy seeks to limit the fund’s volatility relative to the market. As a result of this strategy, the portfolio’s price movements are not expected to correlate with the market’s price movements.
In selecting stocks for the fund’s long portfolio, the portfolio managers look for companies of all sizes whose stock prices may not reflect the companies’ values. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. The portfolio managers use the same fundamental investment strategy to identify stocks that they believe are overvalued, which will make up the fund’s short positions. In addition, the fund may take long or short positions in exchange traded funds or other securities that provide exposure to market or sector indices, underlying commodities or commodity indices the portfolio managers have identified as undervalued (for the long portfolio) or overvalued (for the short portfolio). The portfolio managers may also engage in capital structure arbitrage investment strategies.
The fund may invest a portion of its assets in foreign securities when these securities meet the portfolio managers’ standards of selection.
The portfolio managers may sell stocks from the fund’s long portfolio if they believe a stock no longer meets their valuation criteria, a stock’s risk parameters outweigh its return opportunity, more attractive alternatives are identified or specific events alter a stock’s prospects. Similarly, the portfolio managers may close out a short sale when they feel that a stock has moved closer to its fair value, and the company is no longer sufficiently overvalued to create an attractive short position.
Under normal market conditions, the fund intends to keep its assets invested primarily in U.S. equity securities. However, the fund may invest a portion of its assets in foreign securities. In addition, there may be times when the fund holds a significant portion of its assets in cash or cash equivalents.
The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
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ACVWX - Performance

Return Ranking - Trailing

Period ACVWX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -11.6% 15.8% 98.00%
1 Yr -0.2% -33.0% 41.7% 96.12%
3 Yr -2.5%* -10.5% 13.4% 80.61%
5 Yr -2.3%* -4.8% 11.1% 89.16%
10 Yr 0.0%* -4.6% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period ACVWX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.1% -31.7% 23.2% 74.49%
2022 -4.7% -20.7% 10.7% 68.04%
2021 -2.3% -12.4% 14.7% 92.22%
2020 -8.4% -13.2% 12.9% 75.95%
2019 -1.1% -11.7% 7.9% 72.86%

Total Return Ranking - Trailing

Period ACVWX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -11.7% 15.8% 98.00%
1 Yr -0.2% -33.0% 41.7% 92.23%
3 Yr -2.5%* -10.5% 13.4% 78.57%
5 Yr -2.3%* -4.8% 11.1% 85.54%
10 Yr 0.0%* -4.6% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ACVWX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.1% -31.7% 23.2% 74.49%
2022 -4.7% -20.7% 10.7% 68.04%
2021 -2.3% -12.4% 14.7% 95.56%
2020 -8.4% -12.7% 12.9% 74.68%
2019 1.3% -11.5% 13.2% 57.14%

NAV & Total Return History


ACVWX - Holdings

Concentration Analysis

ACVWX Category Low Category High ACVWX % Rank
Net Assets 9.44 M 105 K 12.6 B 72.12%
Number of Holdings 193 5 2526 64.42%
Net Assets in Top 10 -78.8 K -619 M 6.53 B 91.35%
Weighting of Top 10 49.43% 7.6% 96.1% 41.46%

Top 10 Holdings

  1. Tesla Inc 5.64%
  2. Tesla Inc 2% 5.62%
  3. iShares Russell 1000 Growth ETF 5.42%
  4. Lennar Corp Class B 5.37%
  5. Lennar Corp Class A 5.34%
  6. Atlas Copco AB A 5.20%
  7. iShares Russell 1000 Value ETF 5.11%
  8. Heico Corp Class A 5.03%
  9. Atlas Copco AB B 5.01%
  10. Atlas Copco AB B 5.01%

Asset Allocation

Weighting Return Low Return High ACVWX % Rank
Cash
98.81% -225.56% 102.75% 15.38%
Convertible Bonds
4.60% 0.00% 95.47% 18.27%
Preferred Stocks
0.00% 0.00% 5.67% 19.23%
Other
0.00% -11.90% 43.69% 64.42%
Bonds
0.00% -1.04% 63.30% 68.27%
Stocks
-3.41% -57.09% 325.56% 90.38%

ACVWX - Expenses

Operational Fees

ACVWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.94% 0.73% 9.52% 12.62%
Management Fee 1.65% 0.13% 1.65% 99.04%
12b-1 Fee 0.50% 0.00% 1.00% 74.58%
Administrative Fee N/A 0.06% 0.40% N/A

Sales Fees

ACVWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ACVWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ACVWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 299.00% 30.00% 483.00% 74.63%

ACVWX - Distributions

Dividend Yield Analysis

ACVWX Category Low Category High ACVWX % Rank
Dividend Yield 0.00% 0.00% 0.75% 44.23%

Dividend Distribution Analysis

ACVWX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

ACVWX Category Low Category High ACVWX % Rank
Net Income Ratio -2.53% -2.49% 4.20% 66.02%

Capital Gain Distribution Analysis

ACVWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ACVWX - Fund Manager Analysis

Managers

Kevin Toney


Start Date

Tenure

Tenure Rank

Oct 31, 2011

10.34

10.3%

Kevin Toney, CFA, CIO, senior vice president and senior portfolio manager for American Century Investments, joined the company in 1999 as an investment analyst and became a portfolio manager in 2006. Kevin is responsible for the teams that manage the company’s value and real estate equity strategies that comprise the firm’s Global Value Equity discipline. Before joining American Century Investments, Kevin was an associate in the M&A group of Toronto Dominion Securities. He has worked in the investment industry since 1993.

Michael Liss


Start Date

Tenure

Tenure Rank

Oct 31, 2011

10.34

10.3%

Michael Liss, CFA, is Vice President and Senior Portfolio Manager of American Century. Mr. Liss has been with American Century since 1998. He holds a bachelor’s degree in accounting and finance from Albright College and an MBA in finance from Indiana University.

Phillip Davidson


Start Date

Tenure

Tenure Rank

Oct 31, 2011

10.34

10.3%

Mr. Davidson, CFA, is a senior vice president and executive portfolio manager for American Century Investments. Prior to joining American Century in 1993, Phil was vice president and equity portfolio manager for Boatmen’s Trust Company in St. Louis. During his 11 years at Boatmen’s, he specialized in the management of institutional equity accounts using a value-oriented investment style. He has worked in the financial industry since 1980. Phil holds a bachelor’s degree in business administration and a master’s degree in finance from Illinois State University.

Brian Woglom


Start Date

Tenure

Tenure Rank

Feb 26, 2014

8.01

8.0%

Brian is a member of the team of investment professionals managing the U.S. Value Yield, U.S. Value, U.S. Large Cap Value, U.S. Mid Cap Value and U.S. Equity Market Neutral Value strategies and related accounts, and he co-manages U.S. Large Cap Value, U.S. Value, U.S. Mid Cap Value and U.S. Equity Market Neutral Value. He joined American Century Investments in 2005. Previously, Brian was an investment analyst for Argo Partners and an analyst for the portfolio management unit of Metropolitan Life Insurance Co. He has worked in the investment industry since 1998. Brian earned a bachelor's degree in economics from Amherst College and a master’s degree in business administration from the University of Michigan. He is a CFA® charterholder and a member of the CFA Institute.

Philip Sundell


Start Date

Tenure

Tenure Rank

Apr 29, 2019

2.84

2.8%

Mr. Sundell, CFA, is a portfolio manager for American Century Investments, a premier investment manager headquartered in Kansas City, Missouri. He is based in the company’s Kansas City, Missouri office. He joined American Century Investments in 1997 as a financial analyst and became a research analyst for the Global Value Equity discipline in 2001. Phil holds a bachelor’s degree from Missouri State University and a master’s degree in business administration from Texas Christian University. He is a CFA® charterholder and a member of the CFA Institute.

Dave Byrns


Start Date

Tenure

Tenure Rank

Feb 24, 2020

2.01

2.0%

Mr. Byrns, Portfolio Manager, has been a member of the team since joining American Century Investments in 2014 as an investment analyst. He became a senior investment analyst in 2016 and a portfolio manager in 2020. David has over 3 years experience in the investment industry. He was an Equity Analyst for the Multiple Attribute Dividend Growth, Large Cap Quality Growth, High Yield Equity and Multiple Attribute Growth strategies. Prior to joining Hilliard Lyons in 2009, David was a Jr. Equity Analyst at Fifth Third Asset Management for the dividend growth strategies. David has a B.S.B.A. from the University of Dayton where he was selected as a portfolio manager for the student portion of the university’s endowment. He has passed all three levels of the CFA Examination and is accumulating the necessary work experience to be awarded his charter. He is also a member of the CFA Institute. "

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.59 6.3 9.42