About CAAPX
The Ariel Appreciation Fund Investor Class is a mutual fund focused on achieving long-term capital appreciation by investing primarily in mid-capitalization U.S. companies. The fund targets undervalued companies that, in the view of its management team, demonstrate strong potential for growth. The investment strategy is rooted in a contrarian value-driven approach, relying on principles such as active patience, independent thinking, focused expertise, and teamwork. It concentrates its holdings within the market capitalization range defined by the Russell Midcap Index at the time of purchase, and the portfolio reflects a diversified allocation across sectors including financial services, energy, consumer cyclical, healthcare, and communication services. The fund's management emphasizes in-depth research and disciplined stock selection, aiming to construct a portfolio of companies overlooked by the broader market yet poised for long-term appreciation. Notably, Ariel Appreciation Fund plays a role in the market as a core option for investors seeking exposure to mid-cap value equities within the U.S. equity landscape.
Fund Family Ariel Investments
Category Mid-Cap Value
Performance Rating Below Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol CAAPX
Share Class Investor Class
Index Russell MidCap Value TR
CAAPX had a total return of 17.61% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.92%.
