Ariel Investments Small-Cap Value Concentrated Fund’s Q3 2022 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Concentrated Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined by -7.34% gross of fees, underperforming the Russell 2000 Value Index, which returned -4.61%, and the Russell 2000 Index, which returned -2.19%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.