Ariel Appreciation's contrarianism is both a strength and weakness, but a capable management team offers enough value to earn the cheaper institutional shares a Morningstar Analyst Rating of Bronze, while the investor shares receive a Neutral rating.
Ariel Appreciation Investor CAAPX
NAV / 1-Day Return
48.62
/
0.16
%
Total Assets
1.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.150%
Expense Ratio
1.150%
Fee Level
Above Average
Longest Manager Tenure
18.50
years
Category
Mid-Cap Value
Investment Style
Mid ValueMin. Initial Investment
1,000
Status
Open
TTM Yield
0.48%
Turnover
23%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CAAPX outperform in 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 CAAPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CAAPX 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 CAAPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strategy with patience during turbulence.
