Ariel Focus Institutional (AFOYX)
| Fund Assets | 68.90M |
| Expense Ratio | 0.75% |
| Min. Investment | $1,000,000 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 2.17% |
| Dividend Growth | -22.47% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 18.36 |
| YTD Return | 12.92% |
| 1-Year Return | 15.99% |
| 5-Year Return | 79.17% |
| 52-Week Low | 13.58 |
| 52-Week High | 18.50 |
| Beta (5Y) | n/a |
| Holdings | 29 |
| Inception Date | Dec 30, 2011 |
About AFOYX
Ariel Focus Fund Institutional Class is an actively managed mutual fund that seeks long-term capital appreciation through a focused value investment approach. Managed by Ariel Investments, the fund primarily invests in equity securities of companies across any market capitalization, with a concentrated portfolio typically holding about 25–30 stocks. Its strategy centers on identifying undervalued companies where short-term price movements diverge significantly from the firm's assessment of long-term intrinsic value. The fund emphasizes sectors such as financials, industrials, energy, consumer discretionary, and health care, and tends to allocate significant weights to its highest-conviction ideas, with over 50% of assets often held in its top ten positions. Ariel Focus Fund Institutional Class is characterized by relatively low turnover and a competitive expense ratio—capped at 0.75%—tailored for institutional investors with a minimum initial investment of $1 million. This fund plays a distinctive role within the mid-cap value category, appealing to investors seeking disciplined, research-driven exposure to select undervalued companies in the U.S. equity market.
Performance
AFOYX had a total return of 15.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.61%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VRVIX | Vanguard | Vanguard Russell 1000 Value Index Fund Institutional Shares | 0.07% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| ARFFX | Investor Class | 1.00% |
Top 10 Holdings
48.83% of assets| Name | Symbol | Weight |
|---|---|---|
| BOK Financial Corporation | BOKF | 5.42% |
| Resideo Technologies, Inc. | REZI | 5.28% |
| Snap-on Incorporated | SNA | 5.16% |
| Bank of America Corporation | BAC | 5.03% |
| Oracle Corporation | ORCL | 5.01% |
| Affiliated Managers Group, Inc. | AMG | 5.01% |
| Mohawk Industries, Inc. | MHK | 4.64% |
| PHINIA Inc. | PHIN | 4.45% |
| Boyd Gaming Corporation | BYD | 4.42% |
| Lockheed Martin Corporation | LMT | 4.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $0.39876 | Dec 18, 2024 |
| Dec 19, 2023 | $0.25072 | Dec 19, 2023 |
| Nov 21, 2023 | $0.26358 | Nov 21, 2023 |
| Dec 20, 2022 | $0.1952 | Dec 20, 2022 |
| Nov 22, 2022 | $1.01082 | Nov 22, 2022 |
| Dec 21, 2021 | $0.58896 | Dec 21, 2021 |