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 |
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For further details see:
Ariel Focus Fund Q1 2024 Letter