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Fund |
| Fund name: Ariel Appreciation
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| Symbol: CAAPX
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Portfolio contains these types of investments:
Mid-cap US companies that are selling at a discount to Private Market Value (PMV), financially strong, underfollowed on Wall Street, expected top grow at 10-15%/year and run by a committed and passionate management team. Typically, these companies are found in the consumer discretionary, financial services, materials and processing and consumer staples sectors of the market.
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| Minimum Investment: $1,000
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| 1-Year Profit Projection: N/A
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Brief fund description:
Ariel Appreciation Fund seeks long-term capital appreciation. The fund normally invests 80% of assets in equities with market capitalizations between $1 billion and $10 billion. It may invest the balance of assets in debt. The fund seeks environmentally responsible companies; it may not invest in issuers primarily involved in the manufacture of weapons systems, nuclear energy, or tobacco. Prior to Sept. 6, 1994, the fund was named Calvert-Ariel Appreciation Fund. Funds that have merged into this fund: Washington Area Growth Fund on Sept. 16, 1991; Calvert Capital Value Fund on June 12, 1992; and Ariel Appreciation Fund C on Dec. 8, 1994.
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Expenses
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| Annual expense ratio: 1.31
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| Tax Efficiency: N/A
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Load Type:
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| Load Percentage: N/A
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Performance
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| Performance 3 Months: 8.7
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| Performance Year to Date: 10.7
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| Performance 12 Months: 30.6
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| Performance 3 Years: 10.8
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| Performance 5 Years: 19.1
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Additional Comments
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Fund Features:
E-statement delivery, $50 minimum automatic monthly investment plan, Education IRA's
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Fund Strategy:
The fund invests in companies with market capitalizations primarily between $1 billion and $10 billion, with an emphasis on mid-cap stocks. It identifies the common stocks of undervalued companies with long-term growth potential. A stock will be held until it reaches its true value - usually three to five years
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