Ariel Appreciation Fund Investor Class (CAAPX)
| Fund Assets | 874.98M |
| Expense Ratio | 1.14% |
| Min. Investment | $1,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 4.96 |
| Dividend Yield | 11.91% |
| Dividend Growth | 107.08% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 41.68 |
| YTD Return | 8.01% |
| 1-Year Return | 39.64% |
| 5-Year Return | 26.03% |
| 52-Week Low | 33.79 |
| 52-Week High | 44.47 |
| Beta (5Y) | 1.06 |
| Holdings | 44 |
| Inception Date | Dec 1, 1989 |
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.
Performance
CAAPX had a total return of 39.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.93%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FMPEX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class C | 1.89% |
| FMPTX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class M | 1.38% |
| FMPAX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class A | 1.13% |
| FIDFX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class Z | 0.76% |
| FMPOX | Fidelity | Fidelity Advisor Mid Cap Value Fund - Class I | 0.89% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| CAAIX | Institutional Class | 0.83% |
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 | $4.96228 | Dec 17, 2025 |
| Dec 18, 2024 | $2.39632 | Dec 18, 2024 |
| Dec 19, 2023 | $0.31832 | Dec 19, 2023 |
| Nov 21, 2023 | $2.15298 | Nov 21, 2023 |
| Dec 20, 2022 | $0.25108 | Dec 20, 2022 |
| Nov 22, 2022 | $3.72882 | Nov 22, 2022 |