MOS - Ariel Focus Fund Q1 2024 Letter
2024-07-04 06:25:00 ET
Summary
- Ariel Investments, LLC is a global value-based asset management firm founded four decades ago in 1983. Ariel serves individual and institutional investors through five no-load mutual funds and eleven separate account strategies.
- In the first quarter ended March 31, 2024, Ariel Focus Fund returned +7.45%, trailing our Russell 1000 Value benchmark, which rose +8.99% as well as the S&P 500 Index, which increased +10.56%.
- During the first quarter, the three holdings that detracted most from the performance of Ariel Focus Fund were all commodity related.
| Performance (%) as of March 31, 2024 |
| Annualized |
| Name |
| QTR |
| 1-Year |
| 3-Year |
| 5-Year |
| 10-Year |
| Since Inception |
| Ariel Focus Fund |
| 06/30/2005 |
| ARFFX Investor Class |
| 7.45 |
| 14.54 |
| 2.76 |
| 8.38 |
| 6.44 |
| 6.23 |
| AFOYX Institutional Class |
| 7.51 |
| 14.87 |
| 3.02 |
| 8.66 |
| 6.71 |
| 6.40 |
| Russell 1000® Value Index |
| 8.99 |
| 20.27 |
| 8.11 |
| 10.31 |
| 9.01 |
| 8.06 |
| S&P 500® Index |
| 10.56 |
| 29.88 |
| 11.49 |
| 15.04 |
| 12.96 |
| 10.40 |