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- 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 International Fund
  Invests in undervalued, quality franchises in overseas markets with an intrinsic value approach
- Ariel Global Fund
  Invests in undervalued, quality franchises in markets around the world with an intrinsic value approach
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- Ariel Small Cap Value
  Invests in high quality, undervalued small companies
- Ariel Small Cap Value Concentrated
  Invests in concentrated positions of 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 companies across all market capitalization ranges
- Ariel International (DM)
  Invests in undervalued, quality franchises in overseas markets with an intrinsic value approach
- Ariel International (DM/EM)
  Invests in undervalued, quality franchises in overseas and emerging markets with an intrinsic value approach
- Ariel Global
  Invests in undervalued, quality franchises in markets around the world with an intrinsic value approach
- Ariel Global Concentrated
  Invests in undervalued, quality franchises in markets around the world with an intrinsic value approach and concentrated positions
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Ariel Investments Home > Products > Mutual Funds > Ariel Appreciation Fund

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Mutual Funds

VALUE STRATEGIES

Ariel Fund

Ariel Appreciation Fund

FOCUSED STRATEGIES

Ariel Focus Fund

GLOBAL STRATEGIES

Ariel International Fund

Ariel Global Fund

Separate Accounts

VALUE STRATEGIES

Ariel Small Cap Value

Ariel Small Cap Value Concentrated

Ariel Small/Mid Cap Value

Ariel Mid Cap Value

FOCUSED STRATEGIES

Ariel Focused Value

GLOBAL STRATEGIES

Ariel International (DM)

Ariel International (DM/EM)

Ariel Global

Ariel Global Concentrated

Value Strategy

Ariel Appreciation Fund

Overview

Philosophy

Process

Performance

Characteristics

Holdings

Fund Materials

Distribution History

Institutional Class

Reinvest Date	Reinvest Price Per Share	Long Term Capital Gain Per Share	Short Term Capital Gain Per Share	Income Dividend Per Share	Total Distribution Per Share
Nov. 16, 2012	$38.49	$4.471430	$0.018750	$0.000000	$4.490180
Dec. 27, 2012	$40.53	$0.000000	$0.000000	$0.439945	$0.439945
Nov. 14, 2013	$53.46	$2.506060	$1.130300	$0.000000	$3.636360
Dec. 30, 2013	$55.57	$0.000000	$0.000000	$0.588770	$0.588770
Nov. 20, 2014	$53.43	$5.017160	$1.144440	$0.000000	$6.161600
Dec. 30, 2014	$54.16	$0.000000	$0.000000	$0.560410	$0.560410
Nov. 19, 2015	$47.74	$4.633740	$0.295910	$0.000000	$4.929650
Dec. 30, 2015	$45.36	$0.000000	$0.000000	$0.688853	$0.688853
Nov. 17, 2016	$46.93	$2.996680	$0.410730	$0.000000	$3.407410
Dec. 29, 2016	$47.24	$0.000000	$0.000000	$0.437824	$0.437824
Nov. 16, 2017	$46.26	$5.323070	$0.284920	$0.000000	$5.607990
Dec. 28, 2017	$48.12	$0.000000	$0.000000	$0.550267	$0.550267
Nov. 15, 2018	$44.25	$2.212870	$0.209090	$0.000000	$2.421960
Dec. 27, 2018	$38.34	$0.000000	$0.000000	$0.581599	$0.581599
Nov. 21, 2019	$43.49	$2.926350	$0.035620	$0.000000	$2.961970
Dec. 17, 2019	$44.46	$0.000000	$0.000000	$0.564629	$0.564629
Nov. 19, 2020	$40.67	$4.022280	$0.000000	$0.000000	$4.022280
Dec. 22, 2020	$42.40	$0.000000	$0.000000	$0.362979	$0.362979
Nov. 18, 2021	$55.00	$5.524760	$1.041770	$0.000000	$6.566530
Dec. 21, 2021	$46.41	$0.000000	$0.000000	$0.351671	$0.351671