2024-06-26 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.
- During the quarter, our own portfolios held their own - more specifically, our small cap portfolios outperformed their value indices and our small/mid cap value strategy beat its value and core benchmarks.
- During the first quarter, we initiated a new position in leading spirits manufacturer, MGP Ingredients in our small cap value portfolios.
- We did not initiate or exit any positions in our small cap concentrated or small/mid cap portfolios during the period.
Performance (%) as of March 31, 2024 | Annualized | ||||||||
QTD | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception | ||||
Ariel Small Cap Value Tax-Exempt | 09/30/1983 | ||||||||
Gross of Fees | 3.97 | 14.52 | 2.21 | 9.82 | 8.16 | 12.33 | |||
Net of Fees | 3.71 | 13.38 | 1.20 | 8.74 | 7.09 | 11.22 | |||
Russell 2000™ Value Index | 2.90 | 18.75 | 2.22 | 8.16 | 6.87 | 10.22 | |||
Russell 2000™ Index | 5.18 | 19.71 | -0.10 | 8.10 | 7.58 | 9.05 | |||
S&P 500® Index | 10.56 | 29.88 | 11.49 | 15.04 | 12.96 | 11.46 | |||
Ariel Small Cap Value Concentrated | 04/30/2020 | ||||||||
Gross of Fees | 5.54 | 16.99 | 1.59 | - | - | 16.87 | |||
Net of Fees | 5.28 | 15.83 | 0.58 | - | - | 15.71 | |||
Russell 2000™ Value Index | 2.90 | 18.75 | 2.22 | - | - | 17.38 | |||
Russell 2000™ Index | 5.18 | 19.71 | -0.10 | - | - | 14.64 | |||
S&P 500® Index | 10.56 | 29.88 | 11.49 | - | - | 18.13 | |||
Ariel Small/Mid Cap Value | 12/31/2000 | ||||||||
Gross of Fees | 7.53 | 17.96 | 4.37 | 10.42 | 9.61 | 9.54 | |||
Net of Fees | 7.27 | 16.80 | 3.33 | 9.32 | 8.53 | 8.46 | |||
Russell 2500™ Value Index | 6.07 | 21.33 | 5.36 | 9.37 | 7.68 | 9.09 | |||
Russell 2500™ Index | 6.92 | 21.43 | 2.97 | 9.90 | 8.84 | 8.97 | |||
S&P 500® Index | 10.56 | 29.88 | 11.49 | 15.04 | 12.96 | 8.18 | |||
Ariel Mid Cap Value | 03/31/1990 | ||||||||
Gross of Fees | 4.37 | 14.26 | 4.05 | 9.26 | 8.00 | 11.23 | |||
Net of Fees | 4.11 | 13.13 | 3.02 | 8.18 | 6.94 | 10.13 | |||
Russell Midcap® Value Index | 8.23 | 20.40 | 6.80 | 9.93 | 8.57 | 11.19 | |||
Russell Midcap® Index | 8.60 | 22.35 | 6.06 | 11.09 | 9.95 | 11.35 | |||
S&P 500® Index | 10.56 | 29.88 | 11.49 | 15.04 | 12.96 | 10.63 | |||
Read the full article on Seeking Alpha
For further details see:
Ariel Investments Q1 2024 Small Cap Value Strategy Letter