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Name

As of 06/01/2026

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 Focus Fund

ARFFX | Fund

$19.03

$86.9 M

0.96%

$0.18

1.19%

Vitals

YTD Return

9.4%

1 yr return

37.0%

3 Yr Avg Return

17.6%

5 Yr Avg Return

6.7%

Net Assets

$86.9 M

Holdings in Top 10

50.2%

52 WEEK LOW AND HIGH

$19.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 63.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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 Focus Fund

ARFFX | Fund

$19.03

$86.9 M

0.96%

$0.18

1.19%

ARFFX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 17.6%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.92%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Ariel Focus Fund
  • Fund Family Name
    Ariel Investments
  • Inception Date
    Jun 30, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Bobrinskoy

Fund Description

The Fund invests primarily in equity securities of companies of any size in order to provide investors access to superior opportunities in companies of all market capitalizations.
The Fund’s strategy is rooted in the contrarian investment philosophy of Ariel Investments, LLC, 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 our 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.
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 non‑diversified fund, which means it can hold as few as 12 securities in its portfolio. However, the Fund generally will hold between 20‑30 securities. We also integrate sustainability considerations, including our proprietary Business Resilience Risk Ratings, as part of the broader review of material risks and opportunities for a given investment.
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.
Read More

ARFFX - Performance

Return Ranking - Trailing

Period ARFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -4.8% 19.9% 65.97%
1 Yr 37.0% -2.2% 46.8% 4.18%
3 Yr 17.6%* 0.4% 30.7% 14.93%
5 Yr 6.7%* -2.1% 17.3% 67.98%
10 Yr 10.4%* 4.0% 15.7% 35.07%

* Annualized

Return Ranking - Calendar

Period ARFFX Return Category Return Low Category Return High Rank in Category (%)
2025 7.3% -15.7% 22.7% 12.87%
2024 10.9% -17.9% 26.3% 8.06%
2023 3.3% -11.3% 33.3% 85.93%
2022 -16.1% -41.6% 1.2% 65.26%
2021 17.2% -41.5% 44.9% 60.30%

Total Return Ranking - Trailing

Period ARFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -4.8% 19.9% 65.97%
1 Yr 37.0% -2.2% 46.8% 4.18%
3 Yr 17.6%* 0.4% 30.7% 14.93%
5 Yr 6.7%* -2.1% 17.3% 67.98%
10 Yr 10.4%* 4.0% 15.7% 35.07%

* Annualized

Total Return Ranking - Calendar

Period ARFFX Return Category Return Low Category Return High Rank in Category (%)
2025 21.0% -8.4% 23.7% 1.20%
2024 13.5% 0.7% 30.6% 26.57%
2023 7.0% -1.7% 36.5% 92.22%
2022 -9.2% -35.0% 2.4% 63.44%
2021 21.1% 6.2% 48.3% 90.30%

NAV & Total Return History

ARFFX - Holdings

Concentration Analysis

ARFFX Category Low Category High ARFFX % Rank
Net Assets 86.9 M 991 K 36.7 B 88.06%
Number of Holdings 30 8 2246 97.31%
Net Assets in Top 10 40.8 M 214 K 4.83 B 80.90%
Weighting of Top 10 50.19% 5.1% 100.1% 6.87%

Top 10 Holdings

  1. APA Corp. COM 5.45%
  2. BOK Financial Corp COM USD0.00006 5.44%
  3. Johnson Johnson COM USD1.00 5.40%
  4. SLB Ltd. COM USD0.01 5.27%
  5. Phinia Inc. COMMON STOCK 5.01%
  6. Prestige Consumer Healthcare Inc COM USD0.01 4.91%
  7. Chevron Corp. COM USD0.75 4.77%
  8. Barrick Mining Corp. COM SHS 4.73%
  9. Affiliated Managers Group, Inc. COM USD0.01 4.67%
  10. Snap-On Incorporated COM USD1 4.53%

Asset Allocation

Weighting Return Low Return High ARFFX % Rank
Stocks 		97.91% 61.10% 102.91% 57.61%
Cash 		2.09% 0.00% 17.67% 43.28%
Preferred Stocks 		0.00% 0.00% 4.29% 51.34%
Other 		0.00% -0.48% 6.94% 59.40%
Convertible Bonds 		0.00% 0.00% 0.00% 47.75%
Bonds 		0.00% 0.00% 5.41% 49.25%

Stock Sector Breakdown

Weighting Return Low Return High ARFFX % Rank
Financial Services 		26.21% 0.00% 46.49% 7.51%
Industrials 		15.90% 0.00% 29.02% 50.45%
Healthcare 		14.93% 0.00% 32.47% 7.21%
Basic Materials 		11.24% 0.00% 23.88% 4.50%
Consumer Cyclical 		9.93% 0.00% 29.62% 65.77%
Energy 		7.85% 0.00% 22.31% 43.24%
Communication Services 		7.70% 0.00% 19.80% 10.81%
Technology 		3.63% 0.00% 30.07% 94.29%
Consumer Defense 		2.61% 0.00% 33.79% 86.49%
Utilities 		0.00% 0.00% 24.69% 94.89%
Real Estate 		0.00% 0.00% 40.74% 95.50%

Stock Geographic Breakdown

Weighting Return Low Return High ARFFX % Rank
US 		97.91% 61.10% 102.91% 44.78%
Non US 		0.00% 0.00% 35.58% 59.10%

ARFFX - Expenses

Operational Fees

ARFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.03% 17.84% 34.43%
Management Fee 0.65% 0.00% 1.00% 37.31%
12b-1 Fee 0.25% 0.00% 1.00% 45.14%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ARFFX 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

ARFFX 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.

ARFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 63.00% 0.00% 227.00% 72.70%

ARFFX - Distributions

Dividend Yield Analysis

ARFFX Category Low Category High ARFFX % Rank
Dividend Yield 0.96% 0.00% 22.79% 56.29%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ARFFX Category Low Category High ARFFX % Rank
Net Income Ratio 0.92% -1.84% 4.20% 39.04%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ARFFX - Fund Manager Analysis

Managers

Charles Bobrinskoy

Start Date

Tenure

Tenure Rank

Jun 30, 2005

16.93

16.9%

Charles K. Bobrinskoy, Vice Chairman and Head of Investment Group, Ariel Investments. Prior to joining Ariel in 2004, Charlie spent 21 years working at Citigroup and its predecessor company, Salomon Brothers, Inc., where he served in a variety of leadership positions, ultimately becoming Managing Director and Head of North American Investment Banking Branch Offices.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.59 8.49 10.92

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