Ariel Investments Small Cap Value Strategy’s Q3 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Small Cap Value Strategy” third-quarter 2023 investor letter. A copy of the same can be downloaded here. The Ariel Small Cap Value Tax-Exempt Composite declined -7.53% gross of fees (-7.76% net of fees) in the quarter underperforming both the Russell 2000 Value Index and the Russell 2000 Index, which returned -2.96% and -5.13%, respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.