Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Ariel Fund Performance
Investor Class | ARGFX| Inception date: November 6, 1986 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Fund | 2.61% | -2.86% | -9.58% | -8.50% | 13.75% | 9.14% | 12.93% | 11.05% |
| Russell 2500™ Value Index | 1.91% | -2.99% | -6.42% | -3.81% | 12.70% | 8.58% | 11.25% | 10.86% |
| Russell 2500™ Index | 0.34% | -6.75% | -13.55% | -11.62% | 12.04% | 9.76% | 12.00% | 10.59% |
| S&P 500® Index | 0.18% | -5.16% | -12.76% | -0.30% | 16.43% | 13.38% | 14.40% | 10.69% |
Ariel Fund Performance
Investor Class | ARGFX| Inception date: November 6, 1986 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Fund | 1.94% | -5.11% | -5.11% | 3.51% | 13.00% | 9.76% | 12.23% | 11.25% |
| Russell 2500™ Value Index | 2.11% | -1.50% | -1.50% | 7.73% | 12.97% | 9.19% | 11.04% | 11.08% |
| Russell 2500™ Index | 1.59% | -5.82% | -5.82% | 0.34% | 13.79% | 11.57% | 12.09% | 10.91% |
| S&P 500® Index | 3.71% | -4.60% | -4.60% | 15.65% | 18.92% | 15.99% | 14.64% | 11.02% |
Ariel Appreciation Fund Performance
Investor Class | CAAPX| Inception date: December 1, 1989 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Appreciation Fund | 4.00% | -3.98% | -8.38% | -7.24% | 12.15% | 7.74% | 11.39% | 10.30% |
| Russell Midcap® Value Index | 1.92% | -1.22% | -5.88% | -0.06% | 13.37% | 9.10% | 12.32% | 11.18% |
| Russell Midcap® Index | 0.08% | -5.26% | -12.87% | -6.77% | 12.86% | 10.48% | 12.78% | 11.18% |
| S&P 500® Index | 0.18% | -5.16% | -12.76% | -0.30% | 16.43% | 13.38% | 14.40% | 10.16% |
Ariel Appreciation Fund Performance
Investor Class | CAAPX| Inception date: December 1, 1989 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Appreciation Fund | 0.02% | -4.57% | -4.57% | 3.86% | 11.60% | 8.18% | 10.56% | 10.50% |
| Russell Midcap® Value Index | 3.04% | -1.82% | -1.82% | 11.45% | 13.68% | 10.00% | 12.02% | 11.39% |
| Russell Midcap® Index | 2.56% | -5.68% | -5.68% | 6.92% | 14.89% | 12.62% | 12.86% | 11.51% |
| S&P 500® Index | 3.71% | -4.60% | -4.60% | 15.65% | 18.92% | 15.99% | 14.64% | 10.52% |
Ariel Focus Fund Performance
Investor Class | ARFFX| Inception date: June 30, 2005 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Focus Fund | 3.28% | 1.49% | 0.89% | -3.00% | 14.81% | 9.56% | 11.08% | 6.71% |
| Russell 1000® Value Index | 1.94% | -1.09% | -4.52% | 0.93% | 12.75% | 9.50% | 12.06% | 7.93% |
| S&P 500® Index | 0.18% | -5.16% | -12.76% | -0.30% | 16.43% | 13.38% | 14.40% | 9.82% |
Ariel Focus Fund Performance
Investor Class | ARFFX| Inception date: June 30, 2005 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Focus Fund | 4.59% | 3.97% | 3.97% | 8.14% | 14.22% | 9.53% | 9.95% | 6.97% |
| Russell 1000® Value Index | 2.82% | -0.74% | -0.74% | 11.67% | 13.02% | 10.29% | 11.70% | 8.26% |
| S&P 500® Index | 3.71% | -4.60% | -4.60% | 15.65% | 18.92% | 15.99% | 14.64% | 10.52% |
Gross Expense Ratio as of the fiscal year ended 9/30/21: 1.20%*
*Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees and reimburse expenses in order to limit Ariel Focus Fund’s total annual operating expenses to 1.00% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2023. Through January 31, 2014, the Expense Cap was 1.25% for the Investor Class.
Ariel International Fund Performance
Investor Class | AINTX| Inception date: December 30, 2011 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel International Fund | 2.65% | -1.51% | -3.51% | -4.56% | 5.48% | 2.05% | 6.60% | 5.16% |
| MSCI EAFE Net Index | 0.75% | -5.16% | -11.34% | -10.38% | 6.43% | 4.18% | 7.15% | 6.46% |
| MSCI ACWI ex-US Net Index | 0.72% | -5.46% | -10.74% | -12.41% | 6.49% | 4.42% | 6.39% | 5.82% |
| MSCI EAFE Value Net Index | 2.46% | -2.07% | -2.40% | -4.46% | 5.55% | 2.71% | 6.22% | 5.33% |
| MSCI ACWI ex-US Value Net Index | 2.17% | -2.69% | -3.00% | -5.70% | 5.62% | 3.29% | 5.47% | 4.76% |
Ariel International Fund Performance
Investor Class | AINTX| Inception date: December 30, 2011 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel International Fund | 0.00% | -2.02% | -2.02% | 2.01% | 4.76% | 3.78% | 5.01% | 5.40% |
| MSCI EAFE Net Index | 0.64% | -5.91% | -5.91% | 1.16% | 7.78% | 6.72% | 6.27% | 7.19% |
| MSCI ACWI ex-US Net Index | 0.16% | -5.44% | -5.44% | -1.48% | 7.51% | 6.76% | 5.55% | 6.51% |
| MSCI EAFE Value Net Index | 0.67% | 0.33% | 0.33% | 3.55% | 5.23% | 4.18% | 4.87% | 5.70% |
| MSCI ACWI ex-US Value Net Index | 0.46% | 0.13% | 0.13% | 3.31% | 5.44% | 4.67% | 4.24% | 5.17% |
Gross Expense Ratio as of the fiscal year ended 9/30/21: 1.30%*
*Effective November 29, 2016, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees and reimburse expenses (the “Expense Cap”) in order to limit Ariel International Fund’s total annual operating expenses to 1.13% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2023. Prior to November 29, 2016, the Expense Cap was 1.25% of net assets for the Investor Class. Through January 31, 2014, the Expense Cap was 1.40% for the Investor Class. The Expense Cap has been lowered over time. Contact us for historical information about the Expense Cap.
Ariel Global Fund Performance
Investor Class | AGLOX| Inception date: December 30, 2011 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Global Fund | 2.49% | 0.84% | -0.93% | 2.43% | 9.72% | 6.37% | 9.37% | 8.09% |
| MSCI ACWI Net Index | 0.12% | -5.90% | -12.83% | -6.78% | 11.71% | 9.01% | 10.25% | 9.89% |
| MSCI ACWI Value Net Index | 1.94% | -1.34% | -4.13% | -0.80% | 9.18% | 6.42% | 8.50% | 8.02% |
Ariel Global Fund Performance
Investor Class | AGLOX| Inception date: December 30, 2011 | Annualized | |||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Ten Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|---|
| Ariel Global Fund | 1.89% | 0.11% | 0.11% | 7.87% | 8.53% | 7.45% | 8.00% | 8.33% |
| MSCI ACWI Net Index | 2.17% | -5.36% | -5.36% | 7.28% | 13.75% | 11.64% | 10.00% | 10.95% |
| MSCI ACWI Value Net Index | 1.92% | -0.95% | -0.95% | 8.83% | 9.02% | 7.46% | 7.64% | 8.50% |
Gross Expense Ratio as of the fiscal year ended 9/30/21: 1.36%*
*Effective November 29, 2016, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees and reimburse expenses (the “Expense Cap”) in order to limit Ariel Global Fund’s total annual operating expenses to 1.13% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2023. Prior to November 29, 2016, the Expense Cap was 1.25% for the Investor Class. Through January 31, 2014, the Expense Cap was 1.40% for the Investor Class. The Expense Cap has been lowered over time. Contact us for historical information about the Expense Cap.
Investing in small- and mid-cap stocks is more risky and volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the Funds invests may never be recognized by the broader market. The Funds are often concentrated in fewer sectors than their benchmarks, and their performance may suffer if these sectors underperform the overall stock market. Ariel Focus Fund is a non-diversified fund and therefore may be subject to greater volatility than a more diversified investment. Investing in equity stocks is risky and subject to the volatility of the markets. Investments in foreign securities may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, foreign currencies and taxes. The use of currency derivatives and ETFs may increase investment losses and expenses and create more volatility. Investments in emerging and developing markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price.
Average Annual Total Return for Ariel Fund and Ariel Appreciation Fund does not reflect a maximum 4.75% sales load charged prior to 07/15/94.