WBA - Ariel Investments Appreciation Fund Q2 2024 Commentary
2024-08-02 10:10:00 ET
Summary
- Ariel Appreciation Fund fell -6.56% in the quarter, underperforming both the Russell Midcap Value and Russell Midcap Indices, which returned -3.40% and -3.35%, respectively.
- We did not exit any positions during the period.
- As rates begin to subside in 2024 and beyond, we think the gap between mega-cap stocks and their small to mid-cap counterparts will narrow.
Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains, and represents returns of the Investor Class shares. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end for Ariel Appreciation Fund may be obtained by visiting our website, Ariel Investments . For the period ended June 30, 2024, the average annual returns of Ariel Appreciation Fund (investor class) for the 1-, 5-, and 10-year periods were +0.68%, +6.28%, and +5.62%, respectively. |