Ariel Focus Fund Institutional Class (AFOYX)

Fund Assets	83.66M
Expense Ratio	0.75%
Min. Investment	$1,000,000
Turnover	31.00%
Dividend (ttm)	0.18
Dividend Yield	0.94%
Dividend Growth	-11.67%
Payout Frequency	Annual
Ex-Dividend Date	Dec 17, 2025

Previous Close	18.93
YTD Return	10.23%
1-Year Return	12.29%
5-Year Return	45.01%
52-Week Low	17.33
52-Week High	20.91
Beta (5Y)	1.35
Holdings	30
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.

• Fund Family: Ariel Investments
• Category: Mid-Cap Value
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: AFOYX
• Share Class: Institutional Class
• Index: Russell 1000 Value TR

Performance

AFOYX had a total return of 12.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.08%.

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	0.06%

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

49.13% of assets

Name	Symbol	Weight
PHINIA Inc.	PHIN	5.77%
Johnson & Johnson	JNJ	5.65%
Affiliated Managers Group, Inc.	AMG	5.48%
BOK Financial Corporation	BOKF	5.43%
Bank of America Corporation	BAC	5.03%
Snap-on Incorporated	SNA	4.62%
Barrick Mining Corporation	B	4.50%
Northern Institutional Treasury Premier	NTPXX	4.44%
SLB N.V.	SLB	4.31%
Mohawk Industries, Inc.	MHK	3.92%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 17, 2025	$2.20685	Dec 17, 2025
Dec 18, 2024	$0.39875	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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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