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15 important things you should know about Ariel Investments CAAPX mutual fund

Updated: September 10, 2020
17
Bull Case
  • 15-year return above the benchmark
Bear Case
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for CAAPX “stock” price, you can quickly find it out by visiting Finny and typing "CAAPX quote". If you’re looking for a quick scoop on CAAPX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "CAAPX". You’ll get all this info in one place.

Are you looking to buy or sell CAAPX? Or perhaps you’re looking for CAAPX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this CAAPX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: CAAPX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: CAAPX buy or sell; the pros and cons of investing in CAAPX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to CAAPX.

And here is the list of questions we’ll answer:

  1. Describe Ariel Investment Trust: Ariel Appreciation Fund; Investor Class Shares (CAAPX).
  2. What are CAAPX holdings?
  3. What is CAAPX performance? What are CAAPX historical returns?
  4. How many up and down years did CAAPX have historically?
  5. What is CAAPX dividend yield?
  6. What is CAAPX minimum initial investment amount?
  7. What is CAAPX expense ratio?
  8. Does CAAPX have any sales loads or 12b-1 distribution expenses?
  9. What is CAAPX tax efficiency (tax-cost ratio)?
  10. What is CAAPX beta? How would you assess CAAPX risk?
  11. What is CAAPX Sharpe ratio?
  12. What is CAAPX Finny Score? CAAPX buy or sell?
  13. What are the pros of investing in CAAPX? What are CAAPX buy reasons?
  14. What are the cons of investing in CAAPX? What are CAAPX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Ariel Investment Trust: Ariel Appreciation Fund; Investor Class Shares (CAAPX).

The Fund seeks long-term growth by investing in equities of issues which are undervalued, but demonstrate potential for growth. The Fund invests primarily in common stocks of U.S. companies and the Fund generally will have a weighted average market capitalization between $2 billion and $15 billion.

2. What are CAAPX top holdings?

CAAPX has 40 stock holdings and 0 bond holdings.

The top 10 holdings represent 39.00% of total assets. Here are the top holdings:

Name Symbol % Assets
Northern Trust Corp NTRS 4.59%
Stanley Black & Decker Inc SWK 4.59%
BorgWarner Inc BWA 4.02%
Kennametal Inc KMT 3.94%
Progressive Corp PGR 3.89%
Mattel Inc MAT 3.88%
The Interpublic Group of Companies Inc IPG 3.72%
Lazard Ltd Shs A LAZ 3.47%
BOK Financial Corp BOKF 3.46%
Laboratory Corp of America Holdings LH 3.44%

3. What is CAAPX performance? What are CAAPX historical returns?

CAAPX has generated the following returns:

  • 1-month return is 3.47%;
  • 3-month return is 2.15%;
  • 1-year return is 0.84%;
  • 3-year return is 1.74%;
  • 5-year return is 4.65%;
  • 10-year return is 9.20%;
  • 15-year return is 6.63%.

4. How many up and down years did CAAPX have historically?

In the last 10 years, CAAPX had 7 up years and 3 down years.

5. What is CAAPX dividend yield?

CAAPX yield is 0.94%.

6. What is CAAPX minimum initial investment amount?

CAAPX minimum initial investment amount is $3.00K.

7. What is CAAPX expense ratio?

CAAPX expense ratio is 1.13%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does CAAPX have any sales loads or 12b-1 distribution expenses?

CAAPX 12b-1 distribution fee is 0.25. CAAPX front-end sales load is 0. CAAPX back-end sales load is 0.

9. What is CAAPX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.91%;
  • 3-year ax cost ratio is 2.23%.

10. What is CAAPX beta? How would you assess CAAPX risk?

  • 3-year beta is 1.28;
  • 5-year beta is 1.28;
  • 10-year beta is 1.33.

11. What is CAAPX Sharpe ratio?

  • 3-year Sharpe ratio is -0.05;
  • 5-year Sharpe ratio is 0.08;
  • 10-year Sharpe ratio is 0.54.

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 17. Our quantitative analysis shows 1 reason to buy and 5 reasons to sell it, resulting in the Finny Score of 17.

13. What are the pros of investing in CAAPX? What are CAAPX buy reasons?

The following are CAAPX strengths from our perspective:

  • CAAPX 15-year return is 6.63%, which is in line with the 15-year return of the benchmark index (Russell Mid Cap Value TR USD), 7.32%.

14. What are the cons of investing in CAAPX? What are CAAPX negatives?

The following are CAAPX weaknesses from our perspective:

  • CAAPX 3-year return is 1.74%, which is lower than the 3-year return of the benchmark index (Russell Mid Cap Value TR USD), 2.36%.
  • CAAPX 5-year return is 4.65%, which is lower than the 5-year return of the benchmark index (Russell Mid Cap Value TR USD), 6.76%.
  • CAAPX 10-year return is 9.2%, which is lower than the 10-year return of the benchmark index (Russell Mid Cap Value TR USD), 10.31%.
  • CAAPX expense ratio is 1.13%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
In the CAAPX review, we covered CAAPX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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