Ariel Appreciation Fund Institutional Class (CAAIX)
| Fund Assets | 874.98M |
| Expense Ratio | 0.83% |
| Min. Investment | $1,000,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 4.96 |
| Dividend Yield | 11.82% |
| Dividend Growth | 96.53% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 41.97 |
| YTD Return | 8.11% |
| 1-Year Return | 40.08% |
| 5-Year Return | 26.81% |
| 52-Week Low | 33.90 |
| 52-Week High | 44.70 |
| Beta (5Y) | n/a |
| Holdings | 44 |
| 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 40.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.48%.
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
31.88% of assets| Name | Symbol | Weight |
|---|---|---|
| Madison Square Garden Entertainment Corp. | MSGE | 3.53% |
| Charles River Laboratories International, Inc. | CRL | 3.38% |
| Madison Square Garden Sports Corp. | MSGS | 3.37% |
| SLB N.V. | SLB | 3.34% |
| Jones Lang LaSalle Incorporated | JLL | 3.28% |
| OneSpaWorld Holdings Limited | OSW | 3.18% |
| Knowles Corporation | KN | 3.00% |
| Omnicom Group Inc. | OMC | 2.97% |
| Generac Holdings Inc. | GNRC | 2.94% |
| Core Laboratories Inc. | CLB | 2.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2025 | $4.96036 | Dec 17, 2025 |
| 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 |