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
| 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 | 3.47% | 5.81% | 7.53% | 8.20% | 10.91% | 15.03% | 7.29% | 11.23% |
| Russell 2500™ Value Index | 0.89% | 6.12% | 13.76% | 12.79% | 9.61% | 13.53% | 6.96% | 11.21% |
| Russell 2000® Value Index | 2.49% | 8.34% | 14.58% | 13.80% | 8.51% | 12.63% | 5.80% | 10.47% |
| S&P 500® Index | 0.14% | 4.10% | 7.82% | 12.55% | 12.30% | 14.69% | 7.51% | 10.08% |
Ariel Fund Performance
| 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 | -3.84% | -1.98% | -2.29% | -10.13% | 8.52% | 8.65% | 6.22% | 10.94% |
| Russell 2500™ Value Index | 0.60% | 4.37% | 7.84% | 0.22% | 8.14% | 9.59% | 6.52% | 11.07% |
| Russell 2000® Value Index | 0.30% | 4.31% | 6.08% | -2.58% | 6.36% | 8.15% | 5.15% | 10.24% |
| S&P 500® Index | 0.26% | 2.46% | 3.84% | 3.99% | 11.66% | 12.10% | 7.42% | 10.00% |
Ariel Appreciation Fund Performance
| 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 | 1.95% | 4.32% | 8.87% | 7.26% | 9.22% | 13.68% | 8.61% | 10.74% |
| Russell Midcap® Value Index | -0.21% | 4.96% | 13.24% | 12.88% | 11.85% | 15.03% | 7.98% | 11.51% |
| Russell Midcap® Index | -0.25% | 4.78% | 10.04% | 9.91% | 11.27% | 14.29% | 8.49% | 11.22% |
| S&P 500® Index | 0.14% | 4.10% | 7.82% | 12.55% | 12.30% | 14.69% | 7.51% | 9.37% |
Ariel Appreciation Fund Performance
| 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 | -2.87% | 0.28% | 1.38% | -8.19% | 7.63% | 9.00% | 7.84% | 10.52% |
| Russell Midcap® Value Index | 0.91% | 4.77% | 8.87% | 3.25% | 11.00% | 11.70% | 7.79% | 11.43% |
| Russell Midcap® Index | 0.46% | 3.18% | 5.50% | 0.56% | 10.80% | 10.90% | 8.07% | 11.12% |
| S&P 500® Index | 0.26% | 2.46% | 3.84% | 3.99% | 11.66% | 12.10% | 7.42% | 9.28% |
Ariel Focus Fund Performance
| 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 | 1.71% | 6.44% | 13.12% | 7.20% | 5.89% | 9.80% | 5.12% | 4.94% |
| Russell 1000® Value Index | 0.77% | 4.59% | 10.23% | 12.92% | 10.69% | 14.39% | 6.08% | 6.90% |
| S&P 500® Index | 0.14% | 4.10% | 7.82% | 12.55% | 12.30% | 14.69% | 7.51% | 7.78% |
Ariel Focus Fund Performance
| 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 | -0.90% | 3.65% | 5.32% | -8.14% | 4.45% | 6.43% | 4.31% | 4.34% |
| Russell 1000® Value Index | 0.86% | 4.58% | 6.30% | 2.86% | 9.87% | 11.35% | 6.13% | 6.66% |
| S&P 500® Index | 0.26% | 2.46% | 3.84% | 3.99% | 11.66% | 12.10% | 7.42% | 7.53% |
Net Expense Ratio as of the fiscal year ended 9/30/15: 1.00%*
Gross Expense Ratio as of the fiscal year ended 9/30/15: 1.37%*
*Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees or reimburse expenses (the "Expense Cap") 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, 2017. The Expense Cap prior to February 1, 2014 was 1.25% for the Investor Class.
Ariel Discovery Fund Performance
| Inception date: January 31, 2011 | Annualized | ||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|
| Ariel Discovery Fund | 3.76% | 8.58% | 11.23% | -2.38% | -4.33% | 3.96% | 0.74% |
| Russell 2000® Value Index | 2.49% | 8.34% | 14.58% | 13.80% | 8.51% | 12.63% | 9.47% |
| Russell 2000® Index | 1.77% | 7.78% | 10.23% | 8.59% | 8.53% | 12.85% | 10.15% |
| S&P 500® Index | 0.14% | 4.10% | 7.82% | 12.55% | 12.30% | 14.69% | 12.23% |
Ariel Discovery Fund Performance
| Inception date: January 31, 2011 | Annualized | ||||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Five Years |
Since Inception |
|
|---|---|---|---|---|---|---|---|
| Ariel Discovery Fund | -0.83% | -0.60% | 1.59% | -20.78% | -7.87% | 0.10% | -0.91% |
| Russell 2000® Value Index | 0.30% | 4.31% | 6.08% | -2.58% | 6.36% | 8.15% | 8.23% |
| Russell 2000® Index | -0.06% | 3.79% | 2.22% | -6.73% | 7.09% | 8.35% | 8.95% |
| S&P 500® Index | 0.26% | 2.46% | 3.84% | 3.99% | 11.66% | 12.10% | 11.85% |
Net Expense Ratio as of the fiscal year ended 9/30/15: 1.25%*
Gross Expense Ratio as of the fiscal year ended 9/30/15: 2.10%*
*Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees or reimburse expenses (the "Expense Cap") in order to limit Ariel Discovery Fund's total annual operating expenses to 1.25% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2017. The Expense Cap prior to February 1, 2014 was 1.50% for the Investor Class.
Ariel International Fund Performance
| Inception date: December 30, 2011 | Annualized | |||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Since Inception |
|
|---|---|---|---|---|---|---|
| Ariel International Fund | -0.23% | 3.33% | 3.90% | 3.94% | 5.97% | 7.30% |
| MSCI EAFE | 0.07% | 1.61% | 0.49% | -0.12% | 2.47% | 6.89% |
| MSCI ACWI ex-US | 0.63% | 3.99% | 4.53% | 2.92% | 2.03% | 5.37% |
Ariel International Fund Performance
| Inception date: December 30, 2011 | Annualized | |||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Since Inception |
|
|---|---|---|---|---|---|---|
| Ariel International Fund | -0.71% | -1.42% | -0.16% | -3.05% | 5.81% | 6.64% |
| MSCI EAFE | -3.36% | -1.46% | -4.42% | -10.16% | 2.06% | 5.98% |
| MSCI ACWI ex-US | -1.53% | -0.64% | -1.02% | -10.24% | 1.16% | 4.31% |
Net Expense Ratio as of the fiscal year ended 9/30/15: 1.26%*
Gross Expense Ratio as of the fiscal year ended 9/30/15: 3.49%*
*Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees or reimburse expenses (the "Expense Cap") in order to limit Ariel International Fund's total annual operating expenses to 1.25% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2017. For the year ended September 30, 2015, the net expense ratio of the Fund rounded above the Expense Cap due to interest expense which is excluded from the expense reimbursement. The Expense Cap prior to February 1, 2014 was 1.40% for the Investor Class.
Ariel Global Fund Performance
| Inception date: December 30, 2011 | Annualized | |||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Since Inception |
|
|---|---|---|---|---|---|---|
| Ariel Global Fund | 0.07% | 3.42% | 5.99% | 7.86% | 7.10% | 9.22% |
| MSCI AC World Index | 0.34% | 4.03% | 5.95% | 7.24% | 6.74% | 9.63% |
Ariel Global Fund Performance
| Inception date: December 30, 2011 | Annualized | |||||
| One Month |
Three Months |
Year To Date |
One Year |
Three Years |
Since Inception |
|
|---|---|---|---|---|---|---|
| Ariel Global Fund | -0.36% | -0.29% | 2.12% | -0.55% | 6.92% | 8.68% |
| MSCI AC World Index | -0.61% | 0.99% | 1.23% | -3.73% | 6.03% | 8.90% |
Net Expense Ratio as of the fiscal year ended 9/30/15: 1.25%*
Gross Expense Ratio as of the fiscal year ended 9/30/15: 2.71%*
*Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees or reimburse expenses (the "Expense Cap") in order to limit Ariel Global Fund's total annual operating expenses to 1.25% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2017. The Expense Cap prior to February 1, 2014 was 1.40% for the Investor Class.
Investing in equity stocks is risky and subject to the volatility of the markets. 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 Fund invests may never be recognized by the broader market. Ariel Fund and Ariel Appreciation Fund often invest a significant portion of their assets in companies within the financial services and consumer discretionary sectors 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. 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.
Investors should consider carefully the investment objectives, risks, and charges and expenses before investing. For a current summary prospectus or full prospectus which contains this and other information about the funds offered by Ariel Investment Trust, call us at 800-292-7435 or click here. Please read the summary prospectus or full prospectus carefully before investing. Distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC.