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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ariel Fund

ARAIX | Fund

$68.41

$2.74 B

0.00%

0.68%

Vitals

YTD Return

0.1%

1 yr return

9.3%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

8.0%

Net Assets

$2.74 B

Holdings in Top 10

37.9%

52 WEEK LOW AND HIGH

$67.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Ariel Fund

ARAIX | Fund

$68.41

$2.74 B

0.00%

0.68%

ARAIX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.45%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Ariel Fund
  • Fund Family Name
    Ariel Investments
  • Inception Date
    Nov 06, 1986
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Rogers

Fund Description

The Fund invests in small-and mid‑capitalization (“small/mid cap”) undervalued companies that show strong potential for growth. It invests primarily in equity securities of U.S. companies that have market capitalizations within the range of the companies in the Russell 2500TM Index, measured at the time of initial purchase. As of December 31, 2023, the market capitalizations of the companies in the Russell 2500 Index ranged from $10 million to $22.31 billion (Source: FactSet). The Fund may invest a portion of the portfolio outside (above or below) this market capitalization range. Also, the market capitalizations for the Fund’s portfolio companies may change over time, and it is permitted to invest in (hold and purchase) a company even if its market capitalization moves outside the stated range.
The Fund’s strategy is rooted in the contrarian investment philosophy of Ariel Investments, LLC (“Ariel” or the “Adviser”), which depends on four interrelated tenets: Active Patience®, Independent Thinking, Focused Expertise, and Bold Teamwork.
Active Patience. We generally seek to own differentiated companies with certain characteristics, such as strong cash flows, low debt, quality products or services, significant barriers to entry, predictable fundamentals that allow for the potential for double-digit earnings growth (at time of initial purchase), and low reinvestment requirements. We take a long-term view, and look past short-term price volatility, seeking to hold investments for a relatively long period of time—generally three to five years. However, the holding period may vary for any particular stock. Our long-term approach enables the Fund’s investment team to research a company and wait as long as necessary for a stock to reach a price we view as undervalued relative to our internally generated estimate of its intrinsic worth (“private market value”).
Independent Thinking. We make opportunistic purchases when we see value in companies that are temporarily out of favor, misunderstood or ignored—trading at a low valuation relative to potential earnings and/or at a discount to the team’s estimate of intrinsic worth. We perform our own original proprietary research that often leads us to buy when others are selling and to sell when others are buying. The primary reasons a stock will be sold are: (i) if its valuation reaches Ariel’s determination of its private market value, (ii) if a better opportunity for investment presents itself, or (iii) if there are material adverse changes to a company’s fundamentals. In addition, the Adviser has adopted procedures to sell stocks it views as substantially outside the Fund’s small/mid cap range.
Focused Expertise. We seek to invest within our circle of competence, allowing us to build expertise and accumulate deep knowledge in specific sectors, to isolate key issues of importance, and to have strong convictions in the stocks purchased and held. This often results in the Fund investing in fewer sectors than its respective benchmark. The Fund is a diversified fund that generally will hold between 25‑45 securities in its portfolio. We also integrate environmental, social, and governance considerations across our investment process as part of the broader review of material risks and opportunities for a given investment. The Fund does not invest in companies whose primary source of revenue is derived from the production or sale of tobacco products, the manufacture of firearms, or the operation of for‑profit prisons. Our investment team believes these industries may be more likely to face shrinking growth prospects, litigation costs and legal liability that cannot be quantified.
Bold Teamwork. No one person is sufficient to our shareholders’ success. Different approaches and opinions allow our domestic research team to constantly learn, improve and aspire to exceed expectations. Our investment professionals seek to leverage their contacts and knowledge, while also striving to work collaboratively with a shared commitment to excellence.
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ARAIX - Performance

Return Ranking - Trailing

Period ARAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -5.1% 12.4% 90.19%
1 Yr 9.3% -7.9% 34.0% 89.92%
3 Yr -1.2%* -5.0% 13.7% 96.69%
5 Yr 8.0%* -0.4% 17.1% 68.95%
10 Yr 7.3%* 0.3% 11.5% 46.33%

* Annualized

Return Ranking - Calendar

Period ARAIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.6% -11.3% 33.3% 37.98%
2022 -25.4% -41.6% 2.3% 95.30%
2021 23.6% -41.5% 44.9% 33.52%
2020 4.0% -29.0% 22.1% 25.07%
2019 17.6% -8.1% 31.2% 76.74%

Total Return Ranking - Trailing

Period ARAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -5.1% 12.4% 90.19%
1 Yr 9.3% -7.9% 34.0% 89.92%
3 Yr -1.2%* -5.0% 13.7% 96.69%
5 Yr 8.0%* -0.4% 17.1% 68.95%
10 Yr 7.3%* 0.3% 11.5% 46.33%

* Annualized

Total Return Ranking - Calendar

Period ARAIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -3.7% 36.5% 30.60%
2022 -18.6% -35.0% 2.4% 98.90%
2021 30.8% 6.2% 48.3% 31.58%
2020 10.4% -22.9% 23.2% 4.79%
2019 25.1% -3.0% 35.7% 65.99%

NAV & Total Return History


ARAIX - Holdings

Concentration Analysis

ARAIX Category Low Category High ARAIX % Rank
Net Assets 2.74 B 991 K 28 B 22.34%
Number of Holdings 38 8 2449 94.55%
Net Assets in Top 10 1.05 B 250 K 4.28 B 16.89%
Weighting of Top 10 37.90% 5.0% 100.2% 10.35%

Top 10 Holdings

  1. Sphere Entertainment Co. CL A 4.27%
  2. Madison Square Garden Entertainment Corp New COM CL A 4.08%
  3. Mohawk Industries, Inc. COM USD0.01 4.07%
  4. Adtalem Global Education Inc COM USD0.01 3.96%
  5. Royal Caribbean Group COM USD0.01 3.82%
  6. Carlyle Group Inc COM 3.67%
  7. Northern Trust Corporation COM USD1.666 3.67%
  8. Affiliated Managers Group, Inc. COM USD0.01 3.57%
  9. Jones Lang LaSalle Incorporated COM USD0.01 3.50%
  10. Lazard Inc COM 3.30%

Asset Allocation

Weighting Return Low Return High ARAIX % Rank
Stocks
99.34% 52.93% 102.65% 25.61%
Cash
0.66% 0.00% 43.04% 66.21%
Preferred Stocks
0.00% 0.00% 1.48% 59.13%
Other
0.00% -0.03% 7.03% 68.12%
Convertible Bonds
0.00% 0.00% 0.02% 54.52%
Bonds
0.00% 0.00% 27.39% 56.13%

Stock Sector Breakdown

Weighting Return Low Return High ARAIX % Rank
Financial Services
20.10% 0.00% 60.11% 24.38%
Communication Services
19.80% 0.00% 19.80% 0.27%
Industrials
18.09% 0.00% 29.02% 26.03%
Consumer Cyclical
15.20% 0.00% 29.62% 12.60%
Consumer Defense
6.96% 0.00% 33.79% 30.41%
Healthcare
6.83% 0.00% 32.47% 78.63%
Real Estate
5.48% 0.00% 40.74% 71.78%
Energy
3.02% 0.00% 29.17% 87.12%
Basic Materials
2.75% 0.00% 23.88% 86.03%
Technology
1.76% 0.00% 30.07% 95.62%
Utilities
0.00% 0.00% 24.69% 96.71%

Stock Geographic Breakdown

Weighting Return Low Return High ARAIX % Rank
US
99.34% 52.93% 102.65% 22.07%
Non US
0.00% 0.00% 34.45% 65.67%

ARAIX - Expenses

Operational Fees

ARAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 16.92% 85.01%
Management Fee 0.58% 0.00% 1.20% 21.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ARAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ARAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ARAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 227.00% 19.10%

ARAIX - Distributions

Dividend Yield Analysis

ARAIX Category Low Category High ARAIX % Rank
Dividend Yield 0.00% 0.00% 22.79% 19.13%

Dividend Distribution Analysis

ARAIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

ARAIX Category Low Category High ARAIX % Rank
Net Income Ratio 0.45% -1.84% 4.73% 71.98%

Capital Gain Distribution Analysis

ARAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ARAIX - Fund Manager Analysis

Managers

John Rogers


Start Date

Tenure

Tenure Rank

Nov 06, 1986

35.59

35.6%

John’s passion for investing began at age 12 when his father began buying him stocks as Christmas and birthday gifts. His interest in equities grew at Princeton University, where he majored in economics, and over the two-plus years he worked as a stockbroker for William Blair & Company, LLC. In 1983, John founded Ariel to focus on patient, value investing within small- and medium-sized companies. While our research capabilities have expanded across the globe, patience is still the disciplined approach that drives the firm today. Early in his career, John’s investment acumen brought him to the

John Miller


Start Date

Tenure

Tenure Rank

Nov 20, 2006

15.54

15.5%

John P. Miller, CFA, is a Senior Vice President for Ariel Investments, LLC. John has served on Ariel's Investment Team for almost two decades and inherently embodies a strong value discipline. As portfolio manager, he works side-by-side with lead portfolio manager John W. Rogers, Jr. on stock selection for Ariel Fund as well as the firm's small and small/mid cap portfolios. Additionally, he oversees the firm's proprietary research in the asset management and media/entertainment industries. Prior to joining Ariel in 1989, John worked in Cantor Fitzgerald & Co.'s institutional equity division. He is a member of the CFA Institute, the CFA Society of Chicago as well as a board member of Voices for Illinois Children. John earned his MBA from the University of Chicago and received a BB in management from Western Illinois University. John Miller’s Career Start Date is 05/01/1987.

Kenneth Kuhrt


Start Date

Tenure

Tenure Rank

Dec 30, 2011

10.42

10.4%

Ken serves as co-portfolio manager of our small cap value and small cap value concentrated strategies. Additionally, his portfolio management responsibilities extend across Ariel Fund, as well as our micro-cap value and small cap deep value products. In his research capacity, Ken covers consumer services and industrials. Prior to joining Ariel as a research analyst in 2004, he spent more than two years with William Blair & Company, LLC, most recently as a senior investment banking analyst. Ken also worked as a senior auditor at KPMG, LLP. He earned a BS in accounting from the University of Illinois at Urbana-Champaign and an MBA from the University of Chicago, and he is also a Certified Public Accountant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.2 10.92