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Ariel Fund Note: The following information has not been updated by the vendor since 08/28/01.
| Vendor: | Ariel Mutual Funds | | Address: | 200 East Randolph Drive, Suite 2900 | | Chicago, IL 60601 | | Phone # for sales: | 1 800 292 7435 | | Additional Phone #: | 312 726 0140 | | Fax: | 312 612 2702 | | Website: | www.arielmutualfunds.com | Click link to request additional product information. | | E-mail address: | thepatientinvestor@arielcapital.com |
Fund | Expenses | Performance | Additional Comments |
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Fund |
| Fund name: Ariel Fund
| | Symbol: ARGFX
| Portfolio contains these types of investments:
The Ariel Fund invests primarily in the stocks of small companies with a market capitalization * under $2 billion at the time of investment. The Ariel Appreciation Fund invests primarily in the stocks of medium-sized companies with market capitalizations between $1 billion and $10 billion at the time of investment. Both Ariel Stock Funds seek to invest in sound companies that many other institutional investors have misunderstood or ignored. These companies share three attributes that the firm believes should result in capital appreciation over time: %95 a product or service whose strong brand franchise and loyal customer base pose formidable barriers to potential competition %95 capable, dedicated management %95 a solid balance sheet with high levels of cash flow and a low burden of debt The essence of the Ariel Stock Funds' strategy is patience. Ariel Capital Management, Inc., the Stock Funds' Investment Adviser, holds investments for a relatively long period of time%97typically three to five years.
| | Minimum Investment: $1,000
| | 1-Year Profit Projection: N/A
| Brief fund description:
The Ariel Fund and Ariel Appreciation Fund pursue a common objective: long-term capital appreciation%97the Ariel Fund primarily through investment in small company stocks, the Ariel Appreciation Fund primarily through investment in medium-sized company stocks. The Ariel Stock Funds invest for appreciation, not income. They seek stocks whose underlying value should increase over time. Any dividend and interest income these Funds earn is incidental to their fundamental objective. Ariel Capital Management, Inc., the Funds' Investment Adviser, cannot guarantee either Fund will achieve capital appreciation in every circumstance, but we are dedicated to that objective. We believe long-term capital appreciation: %95 results from investments in undervalued * stocks%97 those that other investors have overlooked or ignored. %95 results from investing in companies with long histories of consistent earnings in both good and bad economic times. %95 is more likely to be found in consistent, predictable businesses that often sell everyday goods or services and enjoy a high level of repeat sales. %95 occurs when companies dominate their markets. These companies' products have gained such strong brand recognition that in many cases their names are synonymous with the products themselves. %95 is the product of a committed and experienced management team, which efficiently operates its business and delivers solid value to its customers.
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Expenses
| | Annual expense ratio: 1.24
| | Tax Efficiency: N/A
| Load Type:
| | Load Percentage: N/A
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Performance
| | Performance 3 Months: 5.8
| | Performance Year to Date: 7.8
| | Performance 12 Months: 27.0
| | Performance 3 Years: 9.8
| | Performance 5 Years: 17.3
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Additional Comments
| Fund Features:
$50 minimum automatic monthly investment program, E-statement delivery, On-line transactions, Education IRA's
| Fund Strategy:
The fund invests in companies with market capitalizations primarily under $2 billion, with an emphasis on small-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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Fund | Expenses | Performance | Additional Comments |
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