Ariel Appreciation Fund Institutional Class (CAAIX)
| Fund Assets | 798.56M |
| Expense Ratio | 0.83% |
| Min. Investment | $1,000,000 |
| Turnover | 17.00% |
| Dividend (ttm) | 2.52 |
| Dividend Yield | 6.52% |
| Dividend Growth | -2.98% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 18, 2024 |
| Previous Close | 38.54 |
| YTD Return | -1.37% |
| 1-Year Return | 12.97% |
| 5-Year Return | 67.04% |
| 52-Week Low | 31.21 |
| 52-Week High | 45.55 |
| Beta (5Y) | n/a |
| Holdings | 43 |
| Inception Date | Dec 30, 2011 |
About CAAIX
Ariel Appreciation Fund Institutional Class is an actively managed mutual fund focused on achieving long-term capital appreciation by investing primarily in U.S. mid-cap value stocks. The fund targets medium-sized companies that are considered undervalued but demonstrate strong potential for growth. Using a contrarian, fundamental investment approach, its management emphasizes patience, independent analysis, and sector expertise. The fund typically maintains a concentrated yet diversified portfolio—its top 10 holdings often account for over a third of total assets—and follows the Russell Midcap® Value Index as a benchmark. With an experienced management team and a disciplined investment philosophy, Ariel Appreciation Fund Institutional Class serves institutional investors seeking exposure to mid-cap equities across various sectors, such as financial services, healthcare, consumer cyclical, and industrials. The fund has a history dating back to 2011 under its current share class and is classified as a diversified fund within the U.S. equity market segment.
Performance
CAAIX had a total return of 12.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.52%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| CAAPX | Investor Class | 1.14% |
Top 10 Holdings
32.11% of assets| Name | Symbol | Weight |
|---|---|---|
| Mattel, Inc. COM USD1.00 | MAT.US | 4.00% |
| Northern Trust Corporation COM USD1.666 | NTRS.US | 3.89% |
| The Interpublic Group of Companies, Inc. COM USD0.10 | IPG.US | 3.39% |
| Generac Holdings Inc. COM USD0.01 | GNRC.US | 3.28% |
| The Charles Schwab Corporation COM USD0.01 | SCHW.US | 3.09% |
| Carmax Inc COM USD0.50 | KMX.US | 3.02% |
| First American Financial Corporation COM USD0.00001 | FAF.US | 2.99% |
| Carlyle Group Inc COM | CG.US | 2.86% |
| Middleby Corp. COM USD0.01 | MIDD.US | 2.84% |
| Jones Lang LaSalle Incorporated COM USD0.01 | JLL.US | 2.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 18, 2024 | $2.52402 | Dec 18, 2024 |
| Dec 19, 2023 | $0.44866 | Dec 19, 2023 |
| Nov 21, 2023 | $2.15298 | Nov 21, 2023 |
| Dec 20, 2022 | $0.3752 | Dec 20, 2022 |
| Nov 22, 2022 | $3.72882 | Nov 22, 2022 |
| Dec 21, 2021 | $6.91827 | Dec 21, 2021 |