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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
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 Micro-Cap Value
Invests in deeply undervalued micro-cap companies
Ariel Small Cap Deep Value
Invests in deeply undervalued small companies
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
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Commentary
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Commentary
Mutual Fund Commentary
Separate Account Commentary
Separate Account Commentary
Quarterly Commentary
Quarter ended September 30, 2020
Ariel Small Cap Value Tax-Exempt Composite
Ariel Small Cap Value Concentrated Composite
Ariel Small/Mid Cap Value Composite
Ariel Mid Cap Value Composite
Ariel Focused Value Composite
Ariel Micro-Cap Value Composite
Ariel Small Cap Deep Value Composite
Ariel International Composite (DM)
Ariel International Composite (DM/EM)
Ariel Global Composite
Ariel Global Concentrated Composite
Turtle Thoughts:
Our portfolio manager letters
Quarter ended June 30, 2020
Turtle Thoughts
Ariel Small, Small Concentrated, Small/Mid and Mid Cap Value
Ariel Focused Value
Ariel Micro-Cap Value and Small Cap Deep Value
Ariel International and Ariel Global
Quarterly Commentary
Quarter ended September 30, 2020