Ariel Investments Small Cap Value Strategy’s Q4 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Small Cap Value Strategy” fourth-quarter 2023 investor letter. The Ariel Small Cap Value Tax-Exempt Composite rose +13.24% gross of fees (+12.96% net of fees) in the quarter, underperforming both the Russell 2000 Value Index and the Russell 2000 Index, which returned +15.26% and +14.03%, respectively. During the year the strategy returned +17.93% gross of fees (+16.76% net of fees) compared to +14.65% and +16.93% gains for the Russell 2000 Value Index and the Russell 2000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

A copy of Ariel Investments Small Cap Value Strategy’s Q4 2023 investor letter can be downloaded here.