Ariel Investments Small/Mid Cap Value Strategy’s Q4 2022 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Small/Mid Cap Value Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the Ariel Small/Mid Cap Value Composite delivered 12.21% gross of fees outperforming both the Russell 2500 Value Index and the Russell 2500 Index, which returned +9.21% and +7.43% respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.