Invest with Us

Invest
with Us

About Ariel
Products
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 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
Separate Accounts
- 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
Performance
- Mutual Fund Performance
- Separate Account Performance
Commentary
- Mutual Fund Commentary
- Separate Account Commentary
News
- Ariel in the News
- Announcements
Reports and Forms
Education Center
FAQ
Contact

Ariel Investments Home > Products > Mutual Funds > Ariel Fund

| Print

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 Fund

Overview

Philosophy

Process

Performance

Characteristics

Holdings

Fund Materials

Distribution History

Investor 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. 28, 1986	$15.65	$0.000000	$0.009760	$0.000000	$0.009760
Dec. 24, 1987	$16.39	$0.795300	$0.000000	$0.000000	$0.795300
April 25, 1988	$20.06	$0.000000	$0.000000	$0.020000	$0.020000
Dec. 30, 1988	$22.55	$0.381100	$0.000000	$0.133710	$0.514810
Dec. 22, 1989	$26.85	$0.463155	$0.000000	$0.000000	$0.463155
Dec. 29, 1989	$27.68	$0.055120	$0.000000	$0.000000	$0.055120
Dec. 28, 1990	$22.64	$0.000000	$0.000000	$0.284606	$0.284606
Dec. 27, 1991	$27.38	$0.705390	$0.000000	$0.561421	$1.266811
Nov. 26, 1992	$28.69	$1.922440	$0.000000	$0.693324	$2.615764
Dec. 24, 1992	$29.37	$0.000000	$0.000000	$0.056035	$0.056035
Nov. 24, 1993	$28.59	$1.733548	$0.000000	$0.179786	$1.913333
Dec. 30, 1993	$30.09	$0.000000	$0.000000	$0.116056	$0.116056
Dec. 30, 1994	$26.98	$1.700970	$0.000000	$0.233870	$1.934840
Dec. 28, 1995	$27.10	$3.597260	$0.584380	$0.436930	$4.618570
Dec. 30, 1996	$31.91	$0.783910	$0.996836	$0.000000	$1.780746
Dec. 30, 1997	$39.79	$2.240620	$1.333220	$0.143910	$3.717750
Dec. 30, 1998	$39.28	$3.687650	$0.028360	$0.081450	$3.797460
Dec. 15, 1999	$29.06	$5.339000	$0.702330	$0.075580	$6.116910
Dec. 4, 2000	$31.27	$4.753460	$1.000170	$0.246170	$5.999800
Dec. 10, 2001	$36.48	$0.303240	$0.231330	$0.110580	$0.645150
Dec. 27, 2002	$34.96	$0.420290	$0.099980	$0.000000	$0.520270
Dec. 29, 2003	$45.27	$0.000000	$0.000000	$0.000000	$0.000000
Nov. 17, 2004	$51.76	$1.582560	$0.207850	$0.000000	$1.790410
Dec. 29, 2004	$53.17	$0.000000	$0.000000	$0.022910	$0.022910
Nov. 17, 2005	$50.82	$2.973050	$0.511130	$0.000000	$3.484180
Dec. 29, 2005	$50.28	$0.000000	$0.000000	$0.149450	$0.149450
Nov. 16, 2006	$51.22	$3.402430	$0.000000	$0.000000	$3.402430
Dec. 28, 2006	$52.04	$0.000000	$0.000000	$0.000000	$0.000000
Nov. 15, 2007	$47.73	$4.359440	$0.141470	$0.000000	$4.500910
Dec. 27, 2007	$46.40	$0.000000	$0.000000	$0.148540	$0.000000
Nov. 24, 2008	$21.17	$0.000000	$0.000000	$0.000000	$0.000000
Dec. 29, 2008	$22.04	$0.000000	$0.000000	$0.380020	$0.380020
Nov. 23, 2009	$36.36	$0.000000	$0.000000	$0.000000	$0.000000
Dec. 29, 2009	$38.98	$0.000000	$0.000000	$0.006336	$0.006336
Nov. 22, 2010	$44.80	$0.000000	$0.000000	$0.000000	$0.000000
Dec. 29, 2010	$48.86	$0.000000	$0.000000	$0.004000	$0.004000
Nov. 21, 2011	$40.07	$0.000000	$0.000000	$0.000000	$0.000000
Dec. 29, 2011	$43.20	$0.000000	$0.000000	$0.091973	$0.091973
Nov. 16, 2012	$48.10	$0.000000	$0.000000	$0.000000	$0.000000
Dec. 27, 2012	$50.59	$0.000000	$0.000000	$0.485426	$0.485426
Nov. 14, 2013	$70.16	$0.000000	$0.000000	$0.000000	$0.000000
Dec. 30, 2013	$73.53	$0.000000	$0.000000	$0.408457	$0.408457
Nov. 20, 2014	$71.41	$8.747650	$0.682840	$0.000000	$9.430490
Dec. 30, 2014	$72.36	$0.000000	$0.000000	$0.396010	$0.396010
Nov. 19, 2015	$61.36	$9.264470	$0.000000	$0.000000	$9.264470
Dec. 30, 2015	$59.71	$0.000000	$0.000000	$0.412694	$0.412694
Nov. 17, 2016	$62.50	$4.036090	$0.000000	$0.000000	$4.036090
Dec. 29, 2016	$64.57	$0.000000	$0.000000	$0.183698	$0.183698
Nov. 16, 2017	$67.69	$3.756410	$0.176020	$0.000000	$3.932430
Dec. 28, 2017	$70.25	$0.000000	$0.000000	$0.475823	$0.475823
Nov. 15, 2018	$63.85	$5.075970	$0.060360	$0.000000	$5.136330
Dec. 27, 2018	$54.88	$0.000000	$0.000000	$0.589514	$0.589514
Nov. 21, 2019	$63.05	$3.106770	$0.127790	$0.000000	$3.234560
Dec. 17, 2019	$64.28	$0.000000	$0.000000	$0.545392	$0.545392