CAAPX: Ariel Appreciation Investor

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CAAPX Ariel Appreciation Investor


Profile

CAAPX - Profile

Vitals

  • YTD Return -18.1%
  • 3 Yr Annualized Return -10.2%
  • 5 Yr Annualized Return -7.9%
  • Net Assets $977 M
  • Holdings in Top 10 40.4%

52 WEEK LOW AND HIGH

$36.52
$26.12
$47.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -18.1%
  • 3 Yr Annualized Total Return -4.3%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Ariel Appreciation Fund
  • Fund Family Name
    Ariel Investments
  • Inception Date
    Dec 01, 1989
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Rogers

Fund Description

The fund invests in mid-capitalization undervalued companies that show strong potential for growth. It invests primarily in equity securities of U.S. companies that have market capitalizations within the range of the companies in the Russell Midcap® Index, measured at the time of initial purchase. The fund seeks to invest in quality companies in industries in which Ariel has expertise. This often results in the fund investing a significant portion of its assets among fewer sectors than its benchmarks.


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Categories

Performance

CAAPX - Performance

Return Ranking - Trailing

Period CAAPX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.1% -33.3% 0.0% 32.98%
1 Yr -20.4% -92.8% 9.1% 67.28%
3 Yr -10.2%* -57.9% 2.6% 71.39%
5 Yr -7.9%* -39.4% 4.8% 77.81%
10 Yr 1.3%* -18.6% 9.8% 74.88%

* Annualized

Return Ranking - Calendar

Period CAAPX Return Category Return Low Category Return High Rank in Category (%)
2019 15.5% -92.4% 35.0% 81.60%
2018 -19.4% -36.8% -7.9% 34.44%
2017 1.8% -16.5% 19.3% 83.84%
2016 4.3% -14.6% 28.1% 92.74%
2015 -16.0% -36.5% 0.2% 72.58%

Total Return Ranking - Trailing

Period CAAPX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.1% -33.3% 0.0% 32.98%
1 Yr -20.4% -92.8% 9.1% 67.28%
3 Yr -4.3%* -57.7% 4.9% 45.66%
5 Yr -0.7%* -39.0% 7.6% 53.70%
10 Yr 7.6%* -18.4% 11.3% 37.67%

* Annualized

Total Return Ranking - Calendar

Period CAAPX Return Category Return Low Category Return High Rank in Category (%)
2019 15.5% -92.4% 35.0% 81.60%
2018 -13.9% -32.7% -4.1% 32.23%
2017 15.2% 0.5% 26.9% 21.65%
2016 12.7% -2.5% 29.0% 87.38%
2015 -6.2% -25.7% 5.0% 54.52%

NAV & Total Return History


Holdings

CAAPX - Holdings

Concentration Analysis

CAAPX Category Low Category High CAAPX % Rank
Net Assets 977 M 708 K 17.4 B 40.05%
Number of Holdings 47 3 2475 87.08%
Net Assets in Top 10 344 M 157 K 2.57 B 29.20%
Weighting of Top 10 40.42% 7.3% 99.9% 5.43%

Top 10 Holdings

  1. Northern Trust Corp 5.20%
  2. The Interpublic Group of Companies Inc 4.73%
  3. Progressive Corp 4.34%
  4. Mattel Inc 3.97%
  5. Aflac Inc 3.92%
  6. JM Smucker Co 3.88%
  7. Laboratory Corp of America Holdings 3.71%
  8. Stanley Black & Decker Inc 3.70%
  9. Stericycle Inc 3.54%
  10. BorgWarner Inc 3.43%

Asset Allocation

Weighting Return Low Return High CAAPX % Rank
Stocks
99.47% 85.33% 100.41% 16.02%
Cash
0.54% -0.41% 14.67% 84.50%
Preferred Stocks
0.00% 0.00% 0.34% 85.01%
Other
0.00% -0.20% 4.04% 83.72%
Convertible Bonds
0.00% 0.00% 0.02% 85.01%
Bonds
0.00% 0.00% 1.41% 85.53%

Stock Sector Breakdown

Weighting Return Low Return High CAAPX % Rank
Financial Services
33.19% 0.76% 33.19% 0.52%
Industrials
15.39% 1.17% 26.41% 43.93%
Consumer Cyclical
12.13% 1.31% 24.41% 37.73%
Communication Services
12.01% 0.00% 28.56% 3.36%
Healthcare
11.22% 0.04% 44.74% 31.52%
Technology
7.72% 0.00% 24.16% 71.06%
Consumer Defense
5.40% 0.00% 25.37% 53.49%
Energy
1.53% 0.00% 20.66% 82.17%
Real Estate
1.41% 0.00% 19.27% 91.99%
Utilities
0.00% 0.00% 17.40% 97.67%
Basic Materials
0.00% 0.00% 16.54% 99.74%

Stock Geographic Breakdown

Weighting Return Low Return High CAAPX % Rank
US
97.08% 80.21% 99.82% 24.29%
Non US
2.39% 0.00% 13.80% 58.66%

Expenses

CAAPX - Expenses

Operational Fees

CAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.07% 27.75% 51.08%
Management Fee 0.70% 0.00% 1.20% 44.44%
12b-1 Fee 0.25% 0.00% 1.00% 58.23%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

CAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CAAPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 6.00% 204.00% 10.76%

Distributions

CAAPX - Distributions

Dividend Yield Analysis

CAAPX Category Low Category High CAAPX % Rank
Dividend Yield 0.00% 0.00% 12.54% 85.01%

Dividend Distribution Analysis

CAAPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Semi-Annually

Net Income Ratio Analysis

CAAPX Category Low Category High CAAPX % Rank
Net Income Ratio 1.05% -0.89% 2.53% 48.56%

Capital Gain Distribution Analysis

CAAPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CAAPX - Fund Manager Analysis

Managers

John Rogers


Start Date

Tenure

Tenure Rank

Sep 01, 2002

17.76

17.8%

John W. Rogers, Jr., Chairman, CEO, CIO, founded Ariel Investments in 1983 to focus on undervalued small- and medium-sized companies showing strong growth potential. As CIO, Rogers is the Lead Portfolio Manager. Previously, Rogers worked as a stockbroker for William Blair & Company, LLC. He received an AB in Economics in 1980 from Princeton University.

Timothy Fidler


Start Date

Tenure

Tenure Rank

Nov 10, 2009

10.56

10.6%

Timothy Fidler, CFA, Executive Vice President, is co-portfolio manager for Ariel’s mid cap value strategy. He joined Ariel in 1999. Mr. Fidler is the Ariel's director of research and also responsible for the Ariel ’s proprietary research in financial services companies. Mr. Fidler graduated Phi Beta Kappa from Northwestern University with a B.A. with honors distinction and earned his M.B.A. with high honors from the University of Chicago. Prior to joining Ariel in 1999, he was a Research Analyst and Portfolio Manager at Morgan Stanley working on the firm’s U.S. value management te

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.59 7.69 8.92