DTGHF - Ariel Investments Ariel International Fund Q1 2024 Commentary
2024-07-04 06:30:00 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.
- Ariel International Fund advanced +5.55% in the quarter, lagging the +5.78% gain of its primary benchmark, the MSCI EAFE Index, but ahead of the +4.68% return of its secondary benchmark, the MSCI ACWI ex-US index.
- Ariel’s non-consensus approach seeks to identify undervalued, out-of-favor, franchises that are misunderstood and therefore mispriced.
- New holding within the portfolio, Bandai Namco Holdings, declined on the announcement of larger-than-expected game impairments and subsequent downward revision in full year guidance.
| 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 International Fund may be obtained by visiting our website, Ariel Investments . For the period ended March 31, 2024, the average annual total returns of Ariel International Fund (Investor Class) for the 1-, 5, and 10-year periods were +10.17%, +3.85%, and +2.97%, respectively. |