Ariel Appreciation Fund Institutional Class (CAAIX)

50.05
Net Asset Value
+0.32%
1 Day
+4.42%
Year-to-Date
Overall Morningstar Rating
Mid-cap value
Style or Category
No Load
Sales Expenses
0.81%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund invests in mid-capitalization undervalued companies that show strong potential for growth. It invests primarily in equity securities of U.S. companies- and the fund generally will invest in companies with market capitalizations between $2 billion and $15 billion- measured at the time of initial purchase. The fund seeks to invest in quality companies in industries in which Ariel has expertise. These industries include the financial services and consumer discretionary sectors- in which sectors the fund often will invest a significant portion of its assets.

Performance

1 month-0.22% 3 years+7.16%
3 months+9.43% 5 years+12.60%
1 year+13.68% Since inception+16.01%
Data through --

Peer Comparisonvs. Mid-cap value

 CAAIXCategory
Performance 5-yr return+12.60%+13.25%
Expense ratio0.81%1.14%
Risk 5 year sharpe ratio1.021.11
Net assets$1.8B$1.9B
Average market cap$10.9B$11.1B
Average P/E20.019.9
Portfolio turnover20%20%

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Fund Management and Purchase Info

Fund familyAriel Investments
Fund manager & tenureJohn Rogers / 15 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

U.S. stock97.32%
Cash2.68%
International stock0.00%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
SJM J M Smucker Co4.44%
ZBH Zimmer Biomet Holdings Inc4.24%
LH Laboratory Corporation of America Holdings4.20%
AFL Aflac Inc4.16%
FAF First American Financial Corp4.15%
NTRS Northern Trust3.96%
IPG Interpublic Group of Companies Inc3.44%
SWK Stanley Black & Decker Inc3.43%
KMT Kennametal Inc3.32%
LAZ Lazard Ltd3.22%