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 |
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For further details see:
Ariel Investments Q1 2024 Focused Value Strategy Letter