AC Alternatives® Income Investor
Name
As of 02/25/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
-7.4%
3 Yr Avg Return
-1.8%
5 Yr Avg Return
1.9%
Net Assets
$23.3 M
Holdings in Top 10
26.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.04%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 153.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/25/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ALNNX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.24%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAC Alternatives® Income Fund
-
Fund Family NameAmerican Century Investments
-
Inception DateJul 31, 2015
-
Shares Outstanding631093
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKent Muckel
Fund Description
ALNNX - Performance
Return Ranking - Trailing
Period | ALNNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -73.0% | 13.4% | 72.88% |
1 Yr | -7.4% | -20.2% | 45.3% | 89.66% |
3 Yr | -1.8%* | -12.0% | 15.9% | 87.12% |
5 Yr | 1.9%* | -5.5% | 15.0% | 72.41% |
10 Yr | N/A* | -0.7% | 7.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | ALNNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.5% | -22.7% | 305.1% | 89.86% |
2022 | 2.5% | -9.8% | 27.3% | 71.97% |
2021 | -4.5% | -20.8% | 10.9% | 25.73% |
2020 | 3.0% | -12.4% | 29.4% | 62.09% |
2019 | 1.8% | -10.5% | 15.8% | 37.69% |
Total Return Ranking - Trailing
Period | ALNNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -73.0% | 13.4% | 72.88% |
1 Yr | -7.4% | -20.2% | 45.3% | 87.93% |
3 Yr | -1.8%* | -12.0% | 15.9% | 85.98% |
5 Yr | 1.9%* | -5.5% | 15.0% | 68.53% |
10 Yr | N/A* | -0.7% | 7.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ALNNX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.5% | -22.7% | 305.1% | 89.86% |
2022 | 2.5% | -9.8% | 27.3% | 72.35% |
2021 | -1.5% | -20.8% | 10.9% | 12.86% |
2020 | 5.7% | -8.4% | 29.4% | 43.13% |
2019 | 6.7% | -10.2% | 18.0% | 9.55% |
NAV & Total Return History
ALNNX - Holdings
Concentration Analysis
ALNNX | Category Low | Category High | ALNNX % Rank | |
---|---|---|---|---|
Net Assets | 23.3 M | 1.49 M | 5.1 B | 83.57% |
Number of Holdings | 213 | 4 | 4377 | 53.56% |
Net Assets in Top 10 | 5.64 M | -107 M | 2.55 B | 88.81% |
Weighting of Top 10 | 26.94% | 9.9% | 100.0% | 92.17% |
Top 10 Holdings
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
- Future on Russel 2000 (TR) Sep20 5.31%
Asset Allocation
Weighting | Return Low | Return High | ALNNX % Rank | |
---|---|---|---|---|
Bonds | 70.10% | -472.40% | 14620.47% | 9.83% |
Cash | 16.25% | -14547.30% | 550.79% | 63.39% |
Stocks | 12.29% | -5.86% | 93.70% | 74.58% |
Preferred Stocks | 0.99% | -0.12% | 45.43% | 10.85% |
Convertible Bonds | 0.36% | 0.00% | 87.52% | 41.02% |
Other | 0.00% | -2.43% | 145.27% | 74.58% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ALNNX % Rank | |
---|---|---|---|---|
Real Estate | 78.90% | 0.00% | 78.90% | 0.73% |
Financial Services | 3.85% | 0.00% | 58.44% | 94.53% |
Consumer Defense | 3.38% | 0.00% | 16.49% | 74.09% |
Healthcare | 3.37% | 0.00% | 47.53% | 92.70% |
Technology | 2.29% | 0.00% | 100.00% | 95.99% |
Industrials | 2.10% | 0.00% | 24.55% | 93.80% |
Utilities | 1.89% | 0.00% | 20.17% | 77.37% |
Communication Services | 1.53% | 0.00% | 21.78% | 93.80% |
Energy | 1.11% | 0.00% | 100.00% | 76.64% |
Basic Materials | 0.88% | 0.00% | 26.33% | 86.86% |
Consumer Cyclical | 0.70% | 0.00% | 29.68% | 95.62% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ALNNX % Rank | |
---|---|---|---|---|
US | 9.09% | -24.65% | 91.88% | 68.81% |
Non US | 3.20% | -24.99% | 42.11% | 67.12% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ALNNX % Rank | |
---|---|---|---|---|
Securitized | 38.77% | 0.00% | 89.57% | 5.76% |
Corporate | 31.07% | 0.00% | 88.09% | 21.69% |
Cash & Equivalents | 15.13% | 0.27% | 100.00% | 77.97% |
Derivative | 14.65% | 0.00% | 91.28% | 28.14% |
Government | 0.37% | 0.00% | 81.98% | 80.34% |
Municipal | 0.00% | 0.00% | 26.35% | 58.98% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ALNNX % Rank | |
---|---|---|---|---|
US | 51.44% | -136.03% | 6319.42% | 18.31% |
Non US | 18.66% | -574.50% | 8301.05% | 11.53% |
ALNNX - Expenses
Operational Fees
ALNNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.04% | 0.29% | 31.15% | 45.36% |
Management Fee | 1.70% | 0.00% | 2.50% | 86.58% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
ALNNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
ALNNX 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.
ALNNX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 153.00% | 0.00% | 491.00% | 54.92% |
ALNNX - Distributions
Dividend Yield Analysis
ALNNX | Category Low | Category High | ALNNX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.74% | 0.00% | 7.14% | 46.64% |
Dividend Distribution Analysis
ALNNX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
ALNNX | Category Low | Category High | ALNNX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.24% | -1.93% | 6.83% | 5.15% |
Capital Gain Distribution Analysis
ALNNX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 19, 2019 | $0.055 | |
Dec 20, 2018 | $0.100 | |
Sep 18, 2018 | $0.059 | |
Jun 19, 2018 | $0.095 | |
Mar 20, 2018 | $0.049 | |
Dec 26, 2017 | $0.098 | |
Sep 19, 2017 | $0.064 | |
Jun 20, 2017 | $0.052 | |
Mar 21, 2017 | $0.030 | |
Dec 27, 2016 | $0.046 | |
Sep 20, 2016 | $0.073 | |
Jun 21, 2016 | $0.324 | |
Dec 28, 2015 | $0.014 |
ALNNX - Fund Manager Analysis
Managers
Kent Muckel
Start Date
Tenure
Tenure Rank
Jul 31, 2015
5.59
5.6%
Mr. Muckel is a Partner at Perella Weinberg Partners Capital Management LP and leads the public equity and fixed-income efforts on the Agility platform. Mr. Muckel joined PWP in 2010. Prior to joining PWP, Mr. Muckel was the Chief Investment Officer for Baylor University in 2009. He has a bachelor’s degree in finance with honors from the University of Colorado and an MBA from the Daniels School of Business at the University of Denver. He is a CFA charterholder.
Darren Myers
Start Date
Tenure
Tenure Rank
Jul 31, 2015
5.59
5.6%
Mr. Myers is a Partner and Managing Director at PWP and leads the absolute return investment efforts for the Agility platform. Mr. Myers joined PWP in 2007. Prior to joining PWP, he served as a Senior Research Analyst at Tejas Securities Group, Inc. from 2004 to 2007, where he provided investment recommendations on special situation and distressed debt opportunities. He holds a bachelor’s degree and an MBA from the University of Texas at Austin. He is a CFA charterholder.
Cleo Chang
Start Date
Tenure
Tenure Rank
Mar 01, 2017
4.0
4.0%
Ms. Chang, Senior Vice President and Head of Investment Solutions, has managed the fund since 2017. She joined American Century Investments in 2015. From 2005 to 2015, Ms. Chang served as the Managing Director and Vice President at Wilshire Associates Inc. She earned an MBA from the Marshall School of Business, University of Southern California, and received a bachelor’s degree in economics from the University of California, Berkeley.
Hitesh Patel
Start Date
Tenure
Tenure Rank
Jun 01, 2018
2.75
2.8%
Mr. Patel, Vice President and Portfolio Manager, has managed the fund since 2018. He joined American Century Investments in 2018. From 2014 to 2018, Mr. Patel served as a Senior Alternatives Specialist within the Fund Derivatives Structuring and Financing team at UBS Securities. From 2010 to 2013, he was the Director and Head of Americas Origination and Content for the UBS Liquid Alpha Managed Account and UCITS Platform. He received a bachelor’s degree in economics from Yale University. He is a CFA charterholder. The advisor has, in turn, hired PWP to make recommendations regarding underlying subadvisor selection as well as day-to-day investment management and asset allocation. PWP performs this function under the supervision of the advisor and the general oversight of the fund’s Board of Directors. The portfolio managers who are jointly and primarily responsible for the day-to-day management of the fund are identified below. Responsibility for research, security selection and portfolio construction for portions of the fund may be allocated among the underlying subadvisors. Overall responsibility for coordinating the fund’s activities, including recommending appropriate asset allocations, reviewing overall fund composition and monitoring cash flows, is shared by the following portfolio managers.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.02 | 17.28 | 4.39 | 3.67 |