Ariel Investments 40 Followers

Summary

Bandai Namco Holdings, Inc., was our top contributor during the quarter.

Komatsu Ltd. advanced on an earnings beat and a subsequent increase to full-year guidance.

Infineon Technologies AG declined during the quarter as investors reacted to softer-than-expected margin guidance.

We added paints and coatings manufacturer Akzo Nobel N.V.

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The following segment was excerpted from the Ariel International Fund Q3 2026 Commentary.

Ariel International Fund declined -2.59% during the quarter, underperforming both the MSCI EAFE Index and MSCI ACWI ex-US Index, which returned +0.81% and +0.48%, respectively.

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Ariel Investments 40 Followers

Ariel Investments, LLC is a global value-based asset management firm founded four decades ago in 1983. Ariel is headquartered in Chicago, with offices in New York City, San Francisco and Sydney, Australia.…