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Average Annual Total Returns - Ariel Fund
Feb. 01, 2021
Russell 2500™ Index (reflects no deductions for fees, expenses or taxes)  
Average Annual Return:  
1-Year 19.99%
5-Year 13.64%
10-Year 11.97%
Since Inception 10.98%
Inception Date Nov. 06, 1986
S&P 500® Index (reflects no deductions for fees, expenses or taxes)  
Average Annual Return:  
1-Year 18.40%
5-Year 15.22%
10-Year 13.88%
Since Inception 10.78%
Inception Date Nov. 06, 1986
Russell 2500™ Value Index (reflects no deductions for fees, expenses or taxes)  
Average Annual Return:  
1-Year 4.88%
5-Year 9.43%
10-Year 9.33%
Since Inception 10.76%
Inception Date Nov. 06, 1986
Investor Class  
Average Annual Return:  
1-Year 10.02%
5-Year 9.66%
10-Year 10.04%
Since Inception 11.00%
Inception Date Nov. 06, 1986
Investor Class | return after taxes on distributions  
Average Annual Return:  
1-Year 8.57%
5-Year 7.97%
10-Year 8.48%
Since Inception 9.43%
Inception Date Nov. 06, 1986
Investor Class | return after taxes on distributions and sale of fund shares  
Average Annual Return:  
1-Year 6.80%
5-Year 7.40%
10-Year 7.96%
Since Inception 9.13%
Inception Date Nov. 06, 1986
Institutional Class  
Average Annual Return:  
1-Year 10.37%
5-Year 9.99%
10-Year 10.35% [1]
Since Inception 11.09% [1]
Inception Date Nov. 06, 1986
[1] The inception date for the Institutional Class shares is December 30, 2011. Performance information for the Institutional Class prior to that date reflects the actual performance of the Fund’s Investor Class (and uses the actual expenses of the Investor Class, for such period of time), without any adjustments.