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    Ariel Appreciation Institutional (CAAIX)

    54.23 Up 0.37(0.69%) Dec 19

    Profile as of Nov 29, 2014Get Profile for:
    Ariel Appreciation Institutional
    Ariel Investment Trust200 East Randolph Drive Suite 2900Chicago IL 60601
    Map
    Phone: 800-292-7435
    Fund Overview 
    Category:Mid-Cap Blend
    Fund Family:Ariel Investments, LLC
    Net Assets:2.04B
    Year-to-Date Return:7.55%
    Yield:0.98%
    Morningstar Rating:3 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 
    John W. Rogers, Jr.
    Lead Manager since Sep 30, 2002
    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 for Ariel Fund and Ariel Appreciation Fund as well as the firm’s small-, small/mid- and mid-cap institutional portfolios. He has served as Portfolio Manager for Ariel Fund since 1986 and for Ariel Appreciation Fund since 2002. Previously, Rogers worked as a stockbroker for William Blair & Company, LLC. He received an AB in Economics in 1980 from Princeton University.
    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 24 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 businesses are selling at excellent values. It does not invest in corporations 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 (Dec 18, 2014) : 24.00%
    Average for Category:65.46%
    Fees & Expenses 
    ExpenseCAAIXCategory Avg
    Annual Report Expense Ratio (net):0.79%1.17%
    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/A5.35%
    Max Deferred Sales Load: N/A2.09%
    3 Yr Expense Projection*:255513
    5 Yr Expense Projection*:444816
    10 Yr Expense Projection*:9901,668
    * Per $10,000 invested