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Separately Managed Accounts
Ariel Micro-Cap Value
Invests in deeply undervalued micro-cap companies- > Ariel Small Cap Value
Invests in high quality, undervalued small companies
- > Ariel Small/Mid Cap Value
Invests in high quality, undervalued small- and medium-sized companies
- > Ariel Mid Cap Value
Invests in high quality, undervalued medium-sized companies
- > Ariel Focused Value
Invests in a concentrated number of high quality, undervalued medium- and large-sized companies
- > Ariel International Equity (DM)
Invests in undervalued, quality franchises in overseas markets
- > Ariel International Equity (DM/EM)
Invests in undervalued, quality franchises in overseas and emerging markets
- > Ariel Global Equity
Invests in undervalued, quality franchises in markets around the world
Mutual Funds
- > Ariel Fund
Invests in high quality, undervalued small- and medium-sized companies
- > Ariel Appreciation Fund
Invests in high quality, undervalued medium-sized companies
- > Ariel Focus Fund
Invests in a concentrated number of high quality, undervalued companies across all market capitalization ranges
- > Ariel Discovery Fund
Invests in deeply undervalued small companies
- > Ariel International Equity Fund
Invests in undervalued, quality franchises in overseas markets
- > Ariel Global Equity Fund
Invests in undervalued, quality franchises in markets around the world
- Performance
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. Click for the expense ratio and the standardized performance for the most recent quarter and month-end periods for the Fund.
Historical Performance
| Period | Ariel Fund
(Investor Class) |
Russell 2500 Value Index | Russell 2500 Index | Russell 2000 Value Index | Russell 2000
Index |
S&P 500 Index |
|---|---|---|---|---|---|---|
| 4Q 1986 | 2.03% | 0.31% | 1.32% | 0.15% | 0.62% | 5.57% |
| Period Ending 1986 | 2.03% | 0.31% | 1.32% | 0.15% | 0.62% | 5.57% |
| 1Q 1987 | 15.45% | 19.22% | 22.04% | 21.45% | 24.31% | 21.35% |
| 2Q 1987 | 3.46% | 0.94% | 0.60% | 0.00% | -0.71% | 5.02% |
| 3Q 1987 | 13.10% | 5.37% | 4.90% | 5.14% | 4.19% | 6.60% |
| 4Q 1987 | -17.54% | -24.99% | -25.98% | -27.25% | -29.06% | -22.53% |
| Year Ended 1987 | 11.40% | -4.88% | -4.68% | -7.11% | -8.77% | 5.25% |
| 1Q 1988 | 20.30% | 17.56% | 16.03% | 20.73% | 19.07% | 5.69% |
| 2Q 1988 | 12.91% | 7.60% | 6.79% | 6.83% | 6.59% | 6.66% |
| 3Q 1988 | -0.22% | 1.00% | -0.82% | 0.85% | -0.94% | 0.34% |
| 4Q 1988 | 3.24% | -0.07% | -0.13% | -0.46% | -0.66% | 3.09% |
| Year Ended 1988 | 39.93% | 27.67% | 22.73% | 29.47% | 24.89% | 16.61% |
| 1Q 1989 | 7.23% | 7.81% | 7.73% | 7.99% | 7.70% | 7.09% |
| 2Q 1989 | 7.73% | 7.19% | 7.59% | 6.27% | 6.37% | 8.83% |
| 3Q 1989 | 6.95% | 5.43% | 7.30% | 4.62% | 6.75% | 10.71% |
| 4Q 1989 | 1.27% | -5.45% | -3.97% | -6.36% | -4.95% | 2.06% |
| Year Ended 1989 | 25.12% | 15.19% | 19.43% | 12.43% | 16.24% | 31.69% |
| 1Q 1990 | -4.77% | -2.71% | -2.78% | -1.77% | -2.21% | -3.01% |
| 2Q 1990 | 5.50% | 0.72% | 3.93% | 1.25% | 3.86% | 6.29% |
| 3Q 1990 | -25.39% | -20.33% | -21.98% | -22.94% | -24.54% | -13.74% |
| 4Q 1990 | 11.94% | 5.82% | 7.97% | 2.07% | 5.03% | 8.96% |
| Year Ended 1990 | -16.08% | -17.40% | -14.88% | -21.77% | -19.51% | -3.11% |
| 1Q 1991 | 18.88% | 22.75% | 25.46% | 28.87% | 29.74% | 14.53% |
| 2Q 1991 | 1.25% | 2.12% | -0.19% | 0.55% | -1.55% | -0.23% |
| 3Q 1991 | 4.27% | 6.52% | 8.59% | 5.83% | 8.15% | 5.35% |
| 4Q 1991 | 5.75% | 5.34% | 7.88% | 3.32% | 5.73% | 8.38% |
| Year Ended 1991 | 32.72% | 40.65% | 46.70% | 41.70% | 46.05% | 30.47% |
| 1Q 1992 | 2.41% | 8.45% | 4.28% | 12.30% | 7.50% | -2.53% |
| 2Q 1992 | -2.62% | -0.17% | -4.54% | -1.98% | -6.82% | 1.90% |
| 3Q 1992 | 1.96% | 2.98% | 2.73% | 3.67% | 2.87% | 3.15% |
| 4Q 1992 | 9.88% | 12.02% | 13.62% | 13.17% | 14.92% | 5.03% |
| Year Ended 1992 | 11.73% | 24.90% | 16.19% | 29.14% | 18.41% | 7.62% |
| 1Q 1993 | 2.72% | 9.03% | 4.74% | 9.74% | 4.27% | 4.37% |
| 2Q 1993 | -5.60% | 1.87% | 2.09% | 1.62% | 2.18% | 0.49% |
| 3Q 1993 | 5.62% | 6.25% | 7.07% | 8.23% | 8.74% | 2.58% |
| 4Q 1993 | 6.15% | 1.10% | 1.78% | 2.62% | 2.62% | 2.32% |
| Year Ended 1993 | 8.72% | 19.30% | 16.54% | 23.84% | 18.91% | 10.08% |
| 1Q 1994 | -5.33% | -1.58% | -2.22% | -1.36% | -2.65% | -3.79% |
| 2Q 1994 | -0.59% | -0.95% | -3.54% | -1.78% | -3.89% | 0.42% |
| 3Q 1994 | 1.51% | 4.82% | 7.17% | 4.73% | 6.94% | 4.89% |
| 4Q 1994 | 0.26% | -3.41% | -2.12% | -2.97% | -1.87% | -0.02% |
| Year Ended 1994 | -4.22% | -1.31% | -1.06% | -1.55% | -1.82% | 1.32% |
| 1Q 1995 | 5.26% | 6.26% | 7.39% | 3.70% | 4.61% | 9.74% |
| 2Q 1995 | 2.04% | 8.89% | 8.91% | 8.78% | 9.37% | 9.55% |
| 3Q 1995 | 6.21% | 7.99% | 9.61% | 8.32% | 9.88% | 7.95% |
| 4Q 1995 | 3.89% | 3.84% | 2.73% | 2.91% | 2.17% | 6.02% |
| Year Ended 1995 | 18.52% | 29.76% | 31.70% | 25.75% | 28.44% | 37.58% |
| 1Q 1996 | 2.82% | 4.52% | 5.86% | 4.39% | 5.10% | 5.37% |
| 2Q 1996 | 5.91% | 3.07% | 4.16% | 4.09% | 5.00% | 4.49% |
| 3Q 1996 | 2.79% | 3.10% | 2.25% | 1.49% | 0.34% | 3.09% |
| 4Q 1996 | 10.35% | 10.03% | 5.57% | 10.06% | 5.20% | 8.34% |
| Year Ended 1996 | 23.51% | 22.20% | 19.03% | 21.37% | 16.49% | 22.96% |
| 1Q 1997 | 1.06% | 0.81% | -3.35% | -0.25% | -5.17% | 2.68% |
| 2Q 1997 | 12.88% | 14.17% | 15.11% | 15.09% | 16.21% | 17.46% |
| 3Q 1997 | 13.80% | 12.45% | 14.35% | 12.89% | 14.88% | 7.49% |
| 4Q 1997 | 5.10% | 2.83% | -2.25% | 1.68% | -3.35% | 2.87% |
| Year Ended 1997 | 36.44% | 33.09% | 24.36% | 31.79% | 22.36% | 33.36% |
| 1Q 1998 | 9.18% | 9.54% | 10.25% | 8.35% | 10.06% | 13.95% |
| 2Q 1998 | -0.69% | -3.58% | -4.17% | -3.61% | -4.66% | 3.30% |
| 3Q 1998 | -15.61% | -16.47% | -19.07% | -17.88% | -20.15% | -9.95% |
| 4Q 1998 | 20.10% | 11.17% | 17.40% | 9.07% | 16.31% | 21.30% |
| Year Ended 1998 | 9.89% | -1.92% | 0.39% | -6.45% | -2.55% | 28.58% |
| 1Q 1999 | -7.56% | -8.00% | -4.74% | -9.69% | -5.42% | 4.98% |
| 2Q 1999 | 10.02% | 16.02% | 16.40% | 16.56% | 15.55% | 7.05% |
| 3Q 1999 | -6.52% | -8.64% | -6.45% | -7.82% | -6.32% | -6.24% |
| 4Q 1999 | -0.87% | 4.08% | 19.67% | 1.53% | 18.44% | 14.88% |
| Year Ended 1999 | -5.76% | 1.49% | 24.14% | -1.49% | 21.26% | 21.04% |
| 1Q 2000 | -4.21% | 4.67% | 10.10% | 3.82% | 7.08% | 2.29% |
| 2Q 2000 | 14.03% | -0.59% | -4.00% | 1.95% | -3.78% | -2.66% |
| 3Q 2000 | 4.94% | 6.89% | 2.40% | 7.34% | 1.11% | -0.97% |
| 4Q 2000 | 12.34% | 8.61% | -3.66% | 8.11% | -6.91% | -7.83% |
| Year Ended 2000 | 28.77% | 20.79% | 4.27% | 22.83% | -3.02% | -9.11% |
| 1Q 2001 | 1.87% | -1.97% | -8.67% | 0.97% | -6.51% | -11.86% |
| 2Q 2001 | 5.78% | 9.98% | 13.70% | 11.64% | 14.29% | 5.85% |
| 3Q 2001 | -7.29% | -12.45% | -18.80% | -13.34% | -20.79% | -14.68% |
| 4Q 2001 | 14.32% | 16.27% | 20.05% | 16.72% | 21.09% | 10.69% |
| Year Ended 2001 | 14.21% | 9.74% | 1.22% | 14.02% | 2.49% | -11.88% |
| 1Q 2002 | 7.64% | 8.51% | 3.74% | 9.58% | 3.98% | 0.27% |
| 2Q 2002 | -3.55% | -3.49% | -8.63% | -2.12% | -8.35% | -13.40% |
| 3Q 2002 | -10.16% | -18.38% | -18.67% | -21.29% | -21.40% | -17.28% |
| 4Q 2002 | 1.66% | 5.44% | 6.64% | 4.92% | 6.16% | 8.44% |
| Year Ended 2002 | -5.18% | -9.87% | -17.79% | -11.42% | -20.48% | -22.10% |
| 1Q 2003 | -5.51% | -4.77% | -4.09% | -5.08% | -4.49% | -3.15% |
| 2Q 2003 | 17.63% | 21.28% | 21.91% | 22.72% | 23.42% | 15.39% |
| 3Q 2003 | 4.26% | 7.77% | 8.75% | 7.72% | 9.08% | 2.65% |
| 4Q 2003 | 10.48% | 16.43% | 14.43% | 16.37% | 14.52% | 12.18% |
| Year Ended 2003 | 28.04% | 44.93% | 45.51% | 46.03% | 47.25% | 28.68% |
| 1Q 2004 | 6.74% | 6.18% | 5.89% | 6.92% | 6.26% | 1.69% |
| 2Q 2004 | 4.78% | 0.51% | 0.34% | 0.85% | 0.47% | 1.72% |
| 3Q 2004 | 0.32% | 0.25% | -2.52% | 0.15% | -2.86% | -1.87% |
| 4Q 2004 | 8.72% | 13.64% | 14.22% | 13.20% | 14.09% | 9.23% |
| Year Ended 2004 | 21.97% | 21.58% | 18.29% | 22.25% | 18.33% | 10.88% |
| 1Q 2005 | -0.32% | -2.12% | -3.14% | -3.98% | -5.34% | -2.15% |
| 2Q 2005 | 1.68% | 5.33% | 4.52% | 5.08% | 4.32% | 1.37% |
| 3Q 2005 | 1.22% | 3.55% | 4.89% | 3.09% | 4.69% | 3.60% |
| 4Q 2005 | -1.63% | 0.92% | 1.81% | 0.66% | 1.13% | 2.09% |
| Year Ended 2005 | 0.93% | 7.74% | 8.11% | 4.71% | 4.55% | 4.91% |
| 1Q 2006 | 8.11% | 10.47% | 11.14% | 13.51% | 13.94% | 4.21% |
| 2Q 2006 | -6.21% | -2.53% | -4.34% | -2.70% | -5.02% | -1.44% |
| 3Q 2006 | 2.42% | 2.27% | 0.52% | 2.55% | 0.44% | 5.67% |
| 4Q 2006 | 6.25% | 9.14% | 8.70% | 9.03% | 8.90% | 6.70% |
| Year Ended 2006 | 10.35% | 20.18% | 16.16% | 23.48% | 18.37% | 15.79% |
| 1Q 2007 | 3.94% | 3.08% | 3.55% | 1.46% | 1.95% | 0.64% |
| 2Q 2007 | 7.89% | 2.91% | 4.94% | 2.30% | 4.41% | 6.28% |
| 3Q 2007 | -6.02% | -6.04% | -2.50% | -6.26% | -3.09% | 2.03% |
| 4Q 2007 | -6.73% | -6.97% | -4.32% | -7.28% | -4.58% | -3.33% |
| Year Ended 2007 | -1.70% | -7.27% | 1.38% | -9.78% | -1.57% | 5.49% |
| 1Q 2008 | -11.21% | -7.22% | -9.37% | -6.53% | -9.90% | -9.44% |
| 2Q 2008 | -9.15% | -1.24% | 1.39% | -3.55% | 0.58% | -2.73% |
| 3Q 2008 | -2.38% | -1.22% | -6.72% | 4.96% | -1.11% | -8.37% |
| 4Q 2008 | -34.28% | -24.86% | -26.25% | -24.89% | -26.12% | -21.94% |
| Year Ended 2008 | -48.25% | -31.99% | -36.79% | -28.92% | -33.79% | -37.00% |
| 1Q 2009 | -16.10% | -16.32% | -11.43% | -19.64% | -14.95% | -11.01% |
| 2Q 2009 | 34.75% | 18.76% | 20.27% | 18.00% | 20.69% | 15.93% |
| 3Q 2009 | 34.11% | 22.77% | 20.06% | 22.70% | 19.28% | 15.61% |
| 4Q 2009 | 7.79% | 4.65% | 5.08% | 3.63% | 3.87% | 6.04% |
| Year Ended 2009 | 63.42% | 27.68% | 34.39% | 20.58% | 27.17% | 26.46% |
| 1Q 2010 | 9.00% | 9.57% | 9.21% | 10.02% | 8.85% | 5.39% |
| 2Q 2010 | -14.09% | -10.16% | -9.98% | -10.60% | -9.92% | -11.43% |
| 3Q 2010 | 18.47% | 11.39% | 12.22% | 9.72% | 11.29% | 11.29% |
| 4Q 2010 | 13.54% | 13.84% | 14.86% | 15.36% | 16.25% | 10.76% |
| Year Ended 2010 | 25.97% | 24.82% | 26.71% | 24.50% | 26.86% | 15.06% |
| 1Q 2011 | 8.71% | 7.68% | 8.70% | 6.60% | 7.94% | 5.92% |
| 2Q 2011 | -2.52% | -1.47% | -0.59% | -2.65% | -1.61% | 0.10% |
| 3Q 2011 | -28.62% | -21.10% | -21.22% | -21.47% | -21.87% | -13.87% |
| 4Q 2011 | 17.21% | 15.45% | 14.52% | 15.97% | 15.47% | 11.82% |
| Year Ended 2011 | -11.34% | -3.36% | -2.51% | -5.50% | -4.18% | 2.11% |
| 1Q 2012 | 14.57% | 11.52% | 12.99% | 11.59% | 12.44% | 12.59% |
| 2Q 2012 | -5.40% | -3.02% | -4.14% | -3.01% | -3.47% | -2.75% |
| 3Q 2012 | 6.66% | 5.85% | 5.57% | 5.67% | 5.25% | 6.35% |
| 4Q 2012 | 4.09% | 4.14% | 3.10% | 3.22% | 1.85% | -0.38% |
| Year Ended 2012 | 20.32% | 19.21% | 17.88% | 18.05% | 16.35% | 16.00% | Annualized Return
Since Inception 11/06/1986 through 12/31/2012 |
10.75% | 11.03% | 10.31% | 10.33% | 8.75% | 9.46% |
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The Russell 2500™ Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2500™ Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as "smid" cap. The Russell 2500 Index is a subset of the Russell 3000® Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Value Index measures the performance of the small-cap value segment of the U.S. equity universe. It includes those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000® Index representing approximately 8% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership. Russell® is a trademark of Russell Investment Group, which is the source and owner of the Russell Indexes’ trademarks, service marks and copyrights. The S&P 500® Index is the most widely accepted barometer of the market. It includes 500 blue chip, large cap stocks, which together represent about 75% of the total U.S. equities market.
Investors should consider carefully the investment objectives, risks, and charges and expenses before investing. For a current summary prospectus or full prospectus which contains this and other information about the funds offered by Ariel Investment Trust, call us at 800-292-7435 or click here. Please read the summary prospectus or full prospectus carefully before investing. Distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC.
