ABX:CC - Ariel Investments Q1 2024 Focused Value Strategy Letter
2024-06-26 10:25:00 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.
- Ariel Focused Value Composite returned +7.52% gross of fees in Q1 2024, trailing benchmark indices due to value stocks underperforming growth stocks.
- Portfolio contributors and detractors in Q1 2024 include commodity-related holdings like APA Corporation, Barrick Gold Corporation, and The Mosaic Company.
| Performance (%) as of March 31, 2024 |
| Annualized |
| QTR |
| 1-Year |
| 3-Year |
| 5-Year |
| 10-Year |
| Since Inception |
| Ariel Focused Value |
| 03/31/2005 |
| Gross of Fees |
| 7.52 |
| 15.11 |
| 3.17 |
| 9.08 |
| -8.87 |
| 7.31 |
| Net of Fees |
| 7.35 |
| 14.37 |
| 2.50 |
| 8.38 |
| -9.45 |
| 6.44 |
| Russell 1000® Value Index |
| 8.99 |
| 20.27 |
| 8.11 |
| 10.31 |
| -7.54 |
| 8.04 |
| S&P 500® Index |
| 10.56 |
| 29.88 |
| 11.49 |
| 15.04 |
| -18.11 |
| 10.34 |