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Morningstar

Ariel Appreciation Investor CAAPX

Morningstar Analyst Rating
Analyst rating as of | See Ariel Investments Investment Hub
  • NAV / 1-Day Return 42.33  /  1.36 %
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.120%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Mid-Cap Value
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.60%
  • Turnover 26%

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 1:40 AM GMT+00:00

Morningstar’s Analysis CAAPX

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 pattern of missteps warrants a downgrade.

Associate Analyst

Summary

| by David Carey

Ariel Appreciation's managers have lost their edge, dropping the strategy’s People Pillar to Average from Above Average. As a result, the Morningstar Analyst Rating on the cheapest share class falls to Neutral from Bronze while the other remains Neutral.

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