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    Ariel Appreciation Institutional (CAAIX)

    56.93 Up 0.28(0.49%) May 4

    Profile as of Mar 30, 2015Get Profile for:
    Ariel Appreciation Institutional
    Ariel Investment Trust200 East Randolph Drive, Suite 2900Chicago IL 60601
    Phone: 800-292-7435
    Fund Overview 
    Category:Mid-Cap Blend
    Fund Family:Ariel Investments, LLC
    Net Assets:2.11B
    Year-to-Date Return:4.41%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 30, 2011
    Morningstar Style Box 
    Mid-Cap Blend
    [View Category Definition]
    View Top Mid-Cap Blend Funds
    About the Morningstar Style Box
    Management Information 
    Timothy R. Fidler
    Lead Manager since Nov 10, 2009
    Tim is co-portfolio manager of Ariel Focus Fund and the Ariel Focused Value Product, concentrated portfolios investing in mid-to-large cap value companies. Additionally, he serves as portfolio manager for Ariel Appreciation Fund and the Ariel Mid Cap Value Product, working closely with lead portfolio manager John W. Rogers, Jr. and portfolio manager Matthew Sauer. Tim also oversees the firm’s proprietary research in the retail and business services industries. In 2008, Institutional Investor magazine recognized Tim as one of 20 rising stars within the mutual fund industry expected to shape the
    Investment Information 
    Min Initial Investment:1,000,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:100
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    CAAIX can be purchased from 26 brokerages.

    Fund Summary 
    The investment seeks long-term capital appreciation. The fund invests primarily in equity securities of U.S. companies and the fund generally will have a weighted average market capitalization between $2 billion and $15 billion. It seeks to invest in quality companies in industries in which the Adviser has expertise including the financial services and consumer discretionary sectors. The fund only buys when Ariel believes that these companies are selling at excellent values. It does not invest in companies whose primary source of revenue is derived from the production or sale of tobacco products or the manufacture of handguns.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Nov 19, 2014) : 0.00
    Annual Holdings Turnover (Apr 29, 2015) : 24.00%
    Average for Category:62.46%
    Fees & Expenses 
    ExpenseCAAIXCategory Avg
    Annual Report Expense Ratio (net):0.79%1.18%
    Prospectus Net Expense Ratio:0.80%N/A
    Prospectus Gross Expense Ratio:0.80%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A5.40%
    Max Deferred Sales Load: N/A1.96%
    3 Yr Expense Projection*:255498
    5 Yr Expense Projection*:444793
    10 Yr Expense Projection*:9901,628
    * Per $10,000 invested