Ariel Appreciation Fund is a Morningstar leader.
This article was written by Morningstar and published in Morningstar FundInvestor. The information contained in the article is not guaranteed as to its accuracy or completeness. This material should not be considered an offer for any of the securities referenced. The opinions expressed in this article were as of the date of the reprint but is subject to change. The information provided in this reprint does not provide information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security.
Investing in mid-cap stocks is more risky and more volatile than investing in large cap stocks. Ariel Appreciation Fund concentrates a significant portion of its assets in the financial services and consumer discretionary sectors, and its performance may suffer if these sectors underperform the overall stock market. The Fund pursues long-term capital appreciation and invests primarily in mid-sized companies.
Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For standardized performance, the expense ratio and performance data current to the most recent month-end for Ariel Appreciation Fund, click here.
For a fund prospectus, click here.
Morningstar, Inc. is a nationally recognized organization that reports performance and calculates rankings for mutual funds. Each fund is ranked relative to all funds in the same category. Ranking is based on total returns. The rankings above are for the Investor Class Shares of the Ariel Appreciation Fund.