CAAIX — Ariel Appreciation Fund
Data updated: 2026-08-20
CAAIX — Ariel Appreciation Fund. United States Mid Cap Value Equity · $959.97M AUM · 0.84% expense ratio. Holdings, fees, performance and SEC filings.
CAAIX Fund Overview
CAAIX — Ariel Appreciation Fund is a US mutual fund managed by Ariel Investment Trust, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ariel Investment Trust
- Category: United States Mid Cap Value Equity
- Assets under management: $959.97M
- 1-year return: 30.2%
- Ticker: CAAIX
- SEC CIK: 0000798365
- SEC series ID: S000005025
- Share class ID: C000108537
CAAIX Holdings
Top 10 holdings of Ariel Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Charles River Laboratories International, Inc. | 4.04% |
| Madison Square Garden Entertainment Corp. | 3.40% |
| Onespaworld Holdings Ltd. | 3.39% |
| Middleby Corp. (the) | 3.35% |
| Jones Lang Lasalle, Inc. | 2.91% |
| Madison Square Garden Sports Corp. | 2.91% |
| Norwegian Cruise Line Holdings Ltd. | 2.91% |
| Omnicom Group, Inc. | 2.90% |
| First American Financial Corp. | 2.84% |
| Charles Schwab Corp. (the) | 2.74% |
CAAIX Portfolio Allocation
Asset-class allocation of Ariel Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 1.5% |
CAAIX Performance
Total returns for CAAIX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 15.2% |
| 1 year | 30.2% |
| 3 years (annualised) | 12.4% |
| 5 years (annualised) | 6.8% |
CAAIX Risk Information
Risk metrics for CAAIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.7%
CAAIX Costs and Fees
CAAIX costs about $84 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.84%
- Gross expense ratio: 0.84%
- Portfolio turnover: 25%
- Brokerage commissions: 5.28 bps of average net assets (SEC N-CEN)
CAAIX Cashflows
Over the 12 months to 2026-06, Ariel Appreciation Fund had net outflows of $20.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$14.18M |
| 2026-05 | −$10.73M |
| 2026-04 | −$8.24M |
| 2026-03 | −$5.24M |
| 2026-02 | −$8.08M |
| 2026-01 | −$14.02M |
CAAIX Debt Constituents
No individual debt constituents are reported in Ariel Appreciation Fund's latest SEC N-PORT filing.
CAAIX Prospectus and SEC Filings
Official Ariel Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-27
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus supplement (497) — filed 2025-03-26
- Portfolio holdings (N-PORT) — filed 2026-08-20
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2025-12-11
- Annual census (N-CEN) — filed 2024-12-12
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.