Ariel Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Ariel Fund held 36 positions with $2.90B in net assets. Its ten largest holdings made up 38.0% of the fund. The ARGFX share class costs 1.01% a year. Over the 12 months to May 2026, ARGFX returned 28.5%, with dividends reinvested. In 2026 Q2 it added 2 new positions and exited 2.
Ariel Funds fundamental objective is long-term capital appreciation.
The fund invests in small- and mid-capitalization U.S. equities within the Russell 2500 Index range that trade at low valuations relative to the manager's estimate of intrinsic worth, typically holding positions for three to five years while seeking companies with strong cash flows, low debt, and double-digit earnings potential. The manager's contrarian approach focuses on companies temporarily out of favor or misunderstood, supported by proprietary research and sector expertise, and sells when valuation reaches estimated private market value, better opportunities emerge, or fundamentals deteriorate. Because the fund holds between 25 and 45 securities concentrated in fewer sectors than its benchmark, portfolio performance may diverge materially from the Russell 2500 Index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
5.26% | $152.31M | 1.9M | $80.89 | |
4.37% | $126.49M | 557.8K | $226.79 | |
MATMATTEL INC | 3.73% | $107.88M | 7.8M | $13.88 |
3.63% | $104.99M | 398.8K | $263.26 | |
3.60% | $104.24M | 926.6K | $112.50 | |
3.60% | $104.19M | 858.7K | $121.33 | |
3.54% | $102.55M | 349.3K | $293.61 | |
3.44% | $99.50M | 4.7M | $21.11 | |
LAZLAZARD INC | 3.43% | $99.38M | 2.4M | $41.94 |
3.38% | $97.73M | 568.2K | $172.01 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 36 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.60% |
| Cash & short-term | 1.37% |
By sector
- Consumer Discretionary
- 25.0%
- Health Care
- 18.1%
- Financials
- 16.5%
- Communication Services
- 10.7%
- 8 other sectors
- 29.7%
- Consumer Discretionary
- 25.0%
- Health Care
- 18.1%
- Financials
- 16.5%
- Communication Services
- 10.7%
- Industrials
- 7.8%
- Materials
- 4.3%
- Information Technology
- 3.6%
- Consumer Staples
- 3.6%
- International
- 3.3%
- Real Estate
- 3.1%
- Energy
- 2.6%
- Cash
- 1.4%
How it has done
ARGFX share class · total returns with dividends reinvested
Volatility over the last 12 months: 15.33%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.01% | +28.53% | +53.47% | +26.94% | -20.33% | |
| 0.70% | +28.92% | +54.89% | +28.95% | -20.23% |
These classes hold the same portfolio, so the 2.01pp spread over 5 years is the cost difference between them — roughly 0.40pp a year — not a difference in what they own.
Fees & fund details
Ariel Fund is an actively managed U.S. equity fund. 7% of ARGFX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.70% – 1.01%· ARGFX 1.01%
- Portfolio turnover
- 17.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
2 new
2 exited
Understand how this fund fits with the rest.
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