Morningstar

Ariel Appreciation Fund Institutional Class CAAIX

Morningstar Medalist Rating
Medalist Rating as of | See Ariel Investments Investment Hub
  • NAV / 1-Day Return 44.97  /  +1.06 %
  • Total Assets 951.2M
  • Adj. Expense Ratio
    0.840%
  • Expense Ratio 0.840%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Mid-Cap Value
  • Investment Style Small Value
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 0.02%
  • Turnover 25%

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:15 AM GMT+0

Morningstar’s Analysis CAAIX

Will CAAIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CAAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CAAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CAAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Entering a new chapter.

Associate Director Tony Thomas

Tony Thomas

Associate Director

Summary

Ariel Appreciation no longer has a key player on the roster, and things could change a bit as a result. The strategy retains its Average People and Process ratings.

by Tony Thomas
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings CAAIX

More CAAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Charles River Laboratories International Inc

4.04 39M
Healthcare

Madison Square Garden Entertainment Corp

3.40 33M
Communication Services

OneSpaWorld Holdings Ltd

3.39 33M
Consumer Cyclical

The Middleby Corp

3.35 32M
Industrials

Jones Lang LaSalle Inc

2.91 28M
Real Estate

Madison Square Garden Sports Corp Class A

2.91 28M
Communication Services

Norwegian Cruise Line Holdings Ltd

2.91 28M
Consumer Cyclical

Omnicom Group Inc

2.90 28M
Communication Services

First American Financial Corp

2.84 27M
Financial Services

Charles Schwab Corp

2.74 26M
Financial Services

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