PARAA - Ariel Fund And Ariel Appreciation Fund Q1 2024 Letter
2024-07-04 05:50:00 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.
- During the quarter, Ariel Fund beat its value peers but slightly underperformed its core benchmark, while Ariel Appreciation Fund fell short on both counts.
- Once shares of tool innovator, Snap-on Incorporated, successfully reached our private market value estimate, we exited the position in Ariel Fund and its sibling, Ariel Appreciation Fund.
- In Ariel Appreciation Fund, we bought shares in Bio-Rad Laboratories Inc.
| Performance (%) as of March 31, 2024 |
| Annualized |
| Name |
| QTR |
| 1-Year |
| 3-Year |
| 5-Year |
| 10-Year |
| Since Inception |
| Ariel Fund |
| 11/06/1986 |
| ARGFX Investor Class |
| 6.41 |
| 15.55 |
| 2.96 |
| 8.76 |
| 8.31 |
| 10.78 |
| ARAIX Institutional Class |
| 6.48 |
| 15.87 |
| 3.28 |
| 9.09 |
| 8.64 |
| 10.89 |
| Russell 2500™ Value Index |
| 6.07 |
| 21.33 |
| 5.36 |
| 9.37 |
| 7.68 |
| 10.70 |
| Russell 2500™ Index |
| 6.92 |
| 21.43 |
| 2.97 |
| 9.90 |
| 8.84 |
| 10.54 |
| S&P 500® Index |
| 10.56 |
| 29.88 |
| 11.49 |
| 15.04 |
| 12.96 |
| 10.94 |
| Ariel Appreciation Fund |
| 12/01/1989 |
| CAAPX Investor Class |
| 4.06 |
| 13.16 |
| 3.14 |
| 7.98 |
| 6.84 |
| 10.03 |
| CAAIX Institutional Class |
| 4.13 |
| 13.51 |
| 3.45 |
| 8.32 |
| 7.18 |
| 10.16 |
| Russell Midcap® Value Index |
| 8.23 |
| 20.40 |
| 6.80 |
| 9.93 |
| 8.57 |
| 10.97 |
| Russell Midcap® Index |
| 8.60 |
| 22.35 |
| 6.06 |
| 11.09 |
| 9.95 |
| 11.16 |
| S&P 500® Index |
| 10.56 |
| 29.88 |
| 11.49 |
| 15.04 |
| 12.96 |
| 10.46 |