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 |
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For further details see:
Ariel Fund And Ariel Appreciation Fund Q1 2024 Letter