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Sustainable, Responsible and Impact Mutual Fund and ETF Chart

Fund Profile:
Ariel Discovery Fund Download as PDF for Printing PDF Download

Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data


General Fund Information - [Return to Top]

Ticker: ARDFX

Assets under management (AUM): $38.59M (in US$ millions) - See other performance data below

General Fund Type: Equity Specialty

Specific Sizes or Types of Investments: Market capitalization under $2 billion; mutual fund

Financial Objective: Long-term capital appreciation

Specific ESG Focus: Ariel Discovery Fund 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.

To invest, call: (800) 292-7435

 


Institution Name:
Ariel Investments

Mutual Funds Description: Ariel offers four publicly traded, no-load, socially responsible mutual funds: Ariel Fund, Ariel Appreciation Fund, Ariel Focus Fund and Ariel Discovery Fund. The Funds do not invest in corporations whose primary source of revenue is derived from the production or sale of tobacco products or the manufacture of handguns. Ariel Fund invests in companies with market capitalizations between $1 billion and $7.5 billion, Ariel Appreciation Fund invests in companies between $2 billion and $15 billion, Ariel Focus Fund invests in all-cap companies, and Ariel Discovery Fund invests in companies under $2 billion in market cap. For more information, please visit our website at www.arielinvestments.com or contact us at (312) 726-0140.

Contact info:
200 East Randolph Street, Suite 2900
Chicago, Illinois 60601
United States
Phone: (800) 292-7435
Fax: (312) 726-7473
Email: thepatientinvestor@arielinvestments.com
Web: http://www.arielinvestments.com (Opens in a new window)

 

Account Minimums - [Return to Top]

Minimum Account: $1,000

Minimum IRA: $1,000

 

Methodology - [Return to Top]

Screening Venue: In-house and outside

Screening Party: Research analysts, MSCI (ESG Manager)

Screening Database Used: We use MSCI (ESG Manager) as our screening/research tool.

Screening Process: We do not invest in corporations whose primary source of revenue is derived from: the production or sale of tobacco products or the manufacture of handguns. We consider a company’s environmental record which includes reviewing research from outside vendors that provide such services. We encourage portfolio companies to have an open dialogue on: giving back to the community, a dedication to education, and proactive diversity practices.

 

Proxy Voting Information - [Return to Top]

Proxy Voting Guidelines or Policies: Not Applicable

Proxy Voting Records: Please contact Joseph A. Anderson, VP, Operations: (312) 726-0140

 

Specific Screening Information by Category - [Return to Top]

Environment

    Social

    • Community Development: Positive Investment - We encourage portfolio companies to have an open dialogue on giving back to the community, a dedication to education and proactive diversity practices.
    • Diversity & Equal Employment Opportunity: Positive Investment - We believe a company that cultivates diversity is more likely to attract and retain the best talent.
    • Sudan: No Investment

    Governance

    • Board Issues: Positive Investment - Our approach to corporate governance is interwoven with our investment philosophy. We want management teams that think like owners, have demonstrated a commitment and ability to build shareholder value, and operate with the highest level of integrity.

    Products

    • Defense/Weapons: No Investment - We do not invest in firms whose primary source of revenue is derived from the manufacture of handguns.
    • Tobacco: No Investment - We do not invest in firms who primary revenue is derived from the production/sale of tobacco products.

    Other


      Performance Data - [Return to Top]

      Data provided by: Bloomberg logo - Information current as of August 31, 2017

      Year-to-date rate of return: -0.99%

      1-year rate of return: 9.44%

      3-year rate of return: -3.99%

      5-year rate of return: 2.64%

      10-year rate of return: --

      Previous year rate of return: 22.95%

      Management fee: 0.8%

      Expense ratio: 1.25%

      Standard deviation: 17.48%

      Benchmark used: Russell 2000 Value | External link (Opens in a new window)

      Disclaimer: Investing in small-cap stocks is riskier and more volatile than investing in large-cap stocks. The intrinsic value of the stocks in which the portfolio invests may never be recognized by the broader market. Investing in equity stocks is risky and subject to the volatility of the markets. Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the period ended June 30, 2016, the average annual total returns of Ariel Discovery Fund (Investor Class) for the 1-, 5-year and since-inception periods were -20.78%, +0.10% and -0.91%, respectively. Ariel Discovery Fund has an inception date of January 31, 2011, and does not have performance for the 5- and 10-year periods. Ariel Discovery Funds Investor Class shares had a gross expense ratio of 2.10% and a net expense ratio of 1.25% as of September 30, 2015. Performance data current to the most recent month-end for Ariel Discovery Fund may be obtained by visiting our website, arielinvestments.com. Effective February 1, 2014, Ariel Investments, LLC, the Adviser, has contractually agreed to waive fees or reimburse expenses (the "Expense Cap") in order to limit Ariel Discovery Fund's total annual operating expenses to 1.25% of net assets for the Investor Class through the end of the fiscal year ending September 30, 2017. The Expense Cap prior to February 1, 2014 was 1.50% for the Investor Class. As of September 30, 2014 Ariel Discovery Fund's Investor Class had an annual net expense ratio of 1.33% and an annual gross expense ratio of 1.93% (as shown in the Fund's current prospectus).Investors should consider carefully the investment objectives, risks, and charges and expenses before investing. For a current summary prospectus or full prospectus which contains this and other information about the funds offered by Ariel Investment Trust, call us at 800-292-7435 or visit arielinvestments.com. Please read the summary prospectus or full prospectus carefully before investing. Distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC.


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