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Ariel Small Cap Value
Ariel Small Cap Value (Representative Portfolio)

Historical Portfolio Characteristics

As of December 31
Market Capitalization ($ weighted avg. nlog — millions) 2007 2008 2009 2010 2011 2012 2013  
Ariel Small Cap Value 1820 1210 1600 1490 1570 1780 2370  
Russell 2000 Value 960 660 750 900 840 910 1220  
Russell 2000 1090 680 790 1000 970 1040 1430  
S&P 500 56600 38450 43770 48460 49810 55340 67320  
   
Price/Earnings (Forward)                
Ariel Small Cap Value 13.4 9.2 16.7 14.6 12.7 14.1 18.2  
Russell 2000 Value 13.9 11.5 14.7 14.8 13.1 13.7 17.1  
Russell 2000 16.6 12.4 16.3 16.8 14.6 15.1 19.6  
S&P 500 15.2 11.1 15.1 13.8 12.3 13.2 16.0  
   
Beta (Correlated to the Russell 3000 Index)                
Ariel Small Cap Value 1.04 1.09 1.43 1.39 1.39 1.41 1.38  
Russell 2000 Value 1.21 0.87 1.31 1.28 1.22 1.28 1.30  
Russell 2000 1.37 0.99 1.27 1.32 1.26 1.28 1.33  
S&P 500 0.90 0.81 0.94 0.97 0.93 0.96 0.98  
   
Number of Issues                
Ariel Small Cap Value 32 28 30 34 35 37 39  
Russell 2000 Value 1301 1293 1393 1297 1354 1422 1394  
Russell 2000 1930 1934 2007 1974 1966 1978 2004  
S&P 500 500 500 500 500 500 500 500  
   
Portfolio Turnover                
Ariel Small Cap Value 32.2 32.2 37.7 36.1 22.9 21.2 14.2  


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. 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.

 

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.