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Ariel Small/Mid Cap Value
Ariel Small/Mid 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/Mid Cap Value 3410 2260 3460 4140 2940 3010 4190  
Russell 2500 Value 1860 1290 1640 1980 1840 2130 2620  
Russell 2500 2160 1320 1690 2040 1980 2190 2870  
S&P 500 56600 38450 43770 48460 49810 55340 67320  
     
Price/Earnings (Forward)                
Ariel Small/Mid Cap Value 13.3 9.2 16.4 15.1 12.0 13.2 16.8  
Russell 2500 Value 13.9 10.7 14.7 14.5 12.8 13.4 16.1  
Russell 2500 16.5 11.5 16.2 16.3 14.2 14.7 18.3  
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/Mid Cap Value 1.03 1.11 1.37 1.39 1.41 1.43 1.44  
Russell 2500 Value 1.12 0.91 1.28 1.25 1.24 1.30 1.27  
Russell 2500 1.27 1.01 1.23 1.27 1.25 1.27 1.31  
S&P 500 0.90 0.81 0.94 0.97 0.93 0.96 0.98  
     
Number of Issues                
Ariel Small/Mid Cap Value 34 33 35 36 38 40 40  
Russell 2500 Value 1611 1638 1757 1646 1693 1798 1753  
Russell 2500 2430 2433 2503 2462 2449 2478 2524  
S&P 500 500 500 500 500 500 500 500  
     
Portfolio Turnover                
Ariel Small/Mid Cap Value 41.5 39.2 37.4 31.4 37.6 35.5 24.1  


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 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.