Financial Professional Home > Our Products > Ariel Global Equity Fund
Explore Our Products
Ariel Micro-Cap Value
Ariel Small Cap Value
Ariel Small/Mid Cap Value
Ariel Mid Cap Value
Ariel Focused Value
Ariel International Equity (DM)
Ariel International Equity (DM/EM)
Ariel Global Equity
Ariel Fund
Ariel Appreciation Fund
Ariel Focus Fund
Ariel Discovery Fund
Ariel International Equity Fund
Ariel Global Equity Fund
Ariel Global Equity Fund
Objective
Process
Performance
Characteristics
Holdings
Commentary

Investment Objectives


  • To target superior absolute returns* (capital appreciation)

  • To target superior relative returns* (vs. benchmark)

  • To generate the above with lower risk (northwest quadrant performance)

  • To own undervalued, quality franchises

* over a full market cycle



Fund Facts
Market Cap Range: All Cap
Inception:
Investor Class: 12/30/2011
Institutional Class: 12/30/2011
Number of holdings: 40-100
Turnover: 50-75% (estimated)
Ticker Symbol:
Investor Class: AGLOX
Institutional Class: AGLYX
Fund Assets (all classes):
$13.7 million as of 3/31/2013
> Click for Expense Ratios
Portfolio Manager
Rupal Bhansali
Rupal J. Bhansali
Portfolio Manager
View Full Bio
Fund Spotlight
International and Global Investing
[video] Meet Rupal J. Bhansali and hear her philosophy on global investing.

Schedule of Holdings as of March 31, 2013

  Units Security Description Market Value % of Total Value
BRAZIL     97,462 0.7
  3,653 Telefonica Brasil SA ADR 97,462 0.7
CANADA     369,744 2.6
  370 Fairfax Financial Holdings Ltd. 144,474 1.1
  3,730 Great-West Lifeco Inc. 99,983 0.7
  2,005 Power Financial Corp. 59,093 0.4
  631 Tim Hortons Inc. 34,294 0.2
  708 IGM Financial Inc. 31,900 0.2
CHINA     582,859 4.3
  3,901 China Mobile Ltd. ADR 207,260 1.5
  2,346 Baidu, Inc. ADR 205,744 1.5
  2,247 Mindray Medical Intl Ltd. 89,745 0.7
  5,000 China Mobile Ltd. 52,914 0.4
  2,231 Hollysys Automation Technologies Ltd. 27,196 0.2
CZECH REPUBLIC     123,142 0.9
  645 Komercni Banka AS 123,142 0.9
FINLAND     231,073 1.7
  42,387 Nokia Corp. ADR 139,029 1.0
  28,449 Nokia Corp. 92,044 0.7
FRANCE     164,302 1.2
  2,146 BNP Paribas SA 110,144 0.8
  606 Ipsen SA 21,677 0.2
  1,221 Metropole Television M6 18,977 0.1
  383 Eutelsat Communications 13,504 0.1
GERMANY     503,154 3.7
  7,192 Deutsche Boerse AG 435,555 3.2
  8,561 Infineon Technologies AG 67,599 0.5
IRELAND     349,406 2.6
  8,363 Ryanair Holdings plc ADR 349,406 2.6
ITALY     239,175 1.8
  85,381 Mediaset SpA 174,347 1.3
  14,222 Snam SpA 64,828 0.5
JAPAN     1,401,138 10.2
  2,600 Nintendo Co., Ltd 280,342 2.0
  4,700 Canon Inc. 172,253 1.3
  1,586 Toyota Motor Corp. ADR 162,787 1.2
  2,000 Murata Manufacturing Co., Ltd. 150,422 1.1
  4,300 Japan Tobacco Inc. 137,266 1.0
  2,200 Denso Corp. 92,899 0.7
  2,400 Tokyo Electron Ltd. 101,726 0.7
  2,800 Nomura Research Institute Ltd. 72,220 0.5
  280 OBIC Co. Ltd. 64,754 0.5
  1,590 Canon Inc. ADR 58,337 0.4
  600 Daito Trust Construction Co., Ltd. 51,373 0.4
  1,500 Chugai Pharmaceutical Co., Ltd. 33,335 0.2
  1,000 Nikon Corp. 23,424 0.2
LUXEMBOURG     13,560 0.1
  184 RTL Group SA 13,560 0.1
NETHERLANDS     456,349 3.3
  29,779 Koninklijke Ahold NV 456,349 3.3
NORWAY     117,894 0.9
  7,873 Orkla ASA 63,287 0.5
  3,300 Gjensidige Forsikring ASA 54,607 0.4
SWEDEN     20,742 0.1
  300 Autoliv Inc. 20,742 0.1
SWITZERLAND     1,144,367 8.4
  3,214 Roche Holding AG 748,229 5.5
  1,913 Nestle SA 138,341 1.0
  8,829 UBS AG 135,323 1.0
  1,395 Actelion Ltd 75,753 0.6
  72 Swisscom AG 33,311 0.2
  123 Kuehne + Nagel International AG 13,410 0.1
TURKEY     92,502 0.7
  5,559 Turkcell Iletisim Hizmetleri AS ADR 92,502 0.7
UNITED KINGDOM     1,285,602 9.3
  109,643 Tesco plc 635,651 4.6
  2,995 GlaxoSmithKline PLC ADR 140,495 1.0
  4,002 Royal Dutch Shell plc 129,461 0.9
  10,225 HSBC Holdings plc 109,143 0.8
  16,828 Wm. Morrison Supermarkets plc 70,622 0.5
  16,004 British Telecom Group plc 67,602 0.5
  1,334 BT Group plc ADR 56,068 0.4
  577 Royal Dutch Shell plc ADR 37,597 0.3
  1,018 GlaxoSmithKline plc 23,798 0.2
  2,133 Restaurant Group Plc 15,165 0.1
UNITED STATES     5,490,056 40.3
  8,000 Johnson & Johnson 652,240 4.8
  11,608 Gilead Sciences, Inc. 567,979 4.2
  479,112 Fixed Income Clearing Corporation 479,112 3.5
  16,683 Microsoft Corp. 477,301 3.5
  7,195 Quest Diagnostics Inc. 406,158 3.0
  27,099 QLogic Corp. 314,348 2.3
  17,384 NVIDIA Corp. 222,863 1.6
  6,737 Acacia Research Corporation 203,255 1.5
  7,500 Yahoo! Inc. 176,475 1.3
  3,899 Harman Intl Industries Inc. 174,012 1.3
  2,344 Fluor Corp. 155,478 1.1
  1,390 Berkshire Hathaway Inc. 144,838 1.1
  2,653 Coach, Inc. 132,623 1.0
  1,733 Schlumberger Ltd. 129,784 0.9
  3,662 Broadcom Corp. 126,962 0.9
  1,822 The PNC Financial Service Group, Inc. 121,163 0.9
  4,039 H&R Block, Inc. 118,827 0.9
  1,387 Wal-Mart Stores, Inc. 103,789 0.8
  4,683 TIBCO Software Inc. 94,690 0.7
  3,384 EMC Corp. 80,844 0.6
  1,386 Vertex Pharmaceuticals Inc. 76,202 0.6
  1,480 General Mills, Inc. 72,979 0.5
  3,315 Cisco Systems, Inc. 69,317 0.5
  2,125 Vantiv, Inc. 50,448 0.4
  936 Plum Creek Timber Co. Inc. 48,859 0.4
  533 Occidental Petroleum Corp. 41,771 0.3
  1,500 General Electric Co. 34,680 0.3
  1,049 Hospira, Inc. 34,439 0.2
  732 Analog Devices, Inc. 34,031 0.2
  1,682 Gentex Corp. 33,657 0.2
  939 Expeditors International of Washington Inc. 33,532 0.2
  1,296 Ruckus Wireless, Inc. 27,216 0.2
  663 MSCI Inc. 22,496 0.2
  207 American Express Co. 13,964 0.1
  61 W.W. Grainger, Inc. 13,724 0.1
Total Equities     12,682,527 92.8
Cash, Other Assets less Liabilities     990,567 7.2
Grand Total     13,673,094 100.0
Monthly Commentary: Perspectives on the current market
> Open the most recent Market Commentary

Quarterly Report: Quarterly performance update and communication to investors
> Open the most recent Ariel Investments Quarterly Report

Fact Sheets: Quarterly overview of fund objectives and performance summary
> Open the most recent Ariel Global Equity Fund Fact Sheet

Sector Weightings (%) as of March 31, 2012

  Ariel Global Equity Fund MSCI ACWI
Information Technology 25.47 11.92
Health Care 23.52 9.90
Financials 13.98 21.28
Consumer Staples 13.75 10.80
Consumer Discretionary 8.43 10.89
Industrials 6.58 10.48
Telecommunication Services 4.97 4.23
Energy 2.77 10.25
Utilities 0.53 3.46
Materials 0.00 6.79

Represents percentage of total equity holdings in the portfolio

MSCI ACWI (All Country World Index) IndexSM is an unmanaged, market-weighted index of global developed and emerging markets. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.

> Investor Class
> Institutional Class
Quarter End
Month End

Ariel Global Equity Fund Performance as of April 30, 2013

Inception date: December 30, 2011 Annualized
  One
Month 		Three
Months 		Year To
Date 		One
Year 		Since
Inception
Ariel Global Equity Fund 3.60% 6.97% 11.94% 17.63% 13.28%
MSCI AC World Index 2.92% 4.89% 9.75% 15.69% 20.46%

Ariel Global Equity Fund Performance as of March 31, 2013

Inception date: December 30, 2011 Annualized
  One
Month 		Three
Months 		Year To
Date 		One
Year 		Since
Inception
Ariel Global Equity Fund 2.98% 8.06% 8.06% 8.36% 11.03%
MSCI AC World Index 1.88% 6.63% 6.63% 11.19% 19.16%

Net Expense Ratio as of the fiscal year ended 9/30/12: 1.40%*
Gross Expense Ratio as of the fiscal year ended 9/30/12: 12.33%*

*Annualized. Ariel Investments, LLC, the Adviser, is contractually obligated to waive fees or reimburse expenses in order to limit Ariel Global Equity Fund’s total annual operating expenses to 1.40% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2015. No termination of this agreement by either the Board of Trustees or the Adviser may be effective until, at the earliest, October 1, 2015.


Investments in foreign securities may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, foreign currencies and taxes. The use of currency derivatives and exchange-traded funds (ETFs) may increase investment losses and expenses and create more volatility. Investments in emerging and developing markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. 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.


MSCI ACWI (All Country World Index) IndexSM is an unmanaged, market-weighted index of global developed and emerging markets. Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.


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.

We employ a differentiated, repeatable four-part investment process that embeds risk management at every step.


Step 1: Screening
Aim to reduce risk by eliminating businesses more likely to fail or to be marginalized. This purges about 60% of the benchmark’s stocks.


Step 2: Research
Assess for how success will be sustained. The lead analyst digs far and wide and interacts with management (onsite and offsite) to form an informed, differentiated proprietary view of the industry and the business.


Step 3: Validation
Conduct scenario analyses and stress tests and examine valuation risk. A three-person team (lead analyst, devil’s advocate and fresh analyst) debates and critiques the thesis, financial forecasts and assesses valuation scenarios such as base, best and worst case.


Step 4: Portfolio Construction
Weigh the risks and rewards of each investment idea with a goal to build a high conviction stock portfolio with superior risk/reward characteristics. Resulting portfolios include 40 to 100 stocks.


 
Process-Flow-Chart.png
Policies & Procedures | Terms & Conditions
Past performance does not guarantee future results. © Ariel Investments, LLC. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC. Use of this website is subject to our Terms & Conditions of use. Each of the investment products, mutual funds or services referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to investors outside the United States. Original illustrations © Omar Rayyan 2007.