N-PORT filing recap · September 2021

What did Ariel International Fund buy in September 2021?

Reported stock-position changes between this filing and the previous one. These are Ariel International Fund's own holdings, not the firm's.

Stock value

$736.40M

Positions

Estimated turnover

12.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

BBSEYBb Seguridade Participações S.a.$3.60Mreported value+971.5K shares UMGUniversal Music Group N.v.$3.04Mreported value+113.7K shares TIMBTim S.a.$2.70Mreported value+251.8K shares

Increased positions

DB1Deutsche Boerse AG$54.79Mreported value+9.2K shares+2.8%PMPhilip Morris International Inc.$52.27Mreported value+9.8K shares+1.8%GSKGsk Plc$47.20Mreported value+40.5K shares+1.6%MGDDYCompagnie Generale Des Etablissements Michelin Sca$45.50Mreported value+5.2K shares

Reduced positions

ADRNYKoninklijke Ahold Delhaize N.v.$48.66Mreported value-51.5K shares-3.4%NVONovo Nordisk A/s$9.60Mreported value-8.1K shares-7.5%NGNational Grid Plc$3.03Mreported value-796.1K shares-75.8%1878Daito Trust Construction Co., Ltd.$2.09Mreported value-41.7K shares

Exited positions

SCMNSwisscom AG$3.59Mprior reported value-6.3K shares-100.0%IGMIgm Financial Inc.$1.62Mprior reported value-45.8K shares-100.0%BSACBanco Santander-Chile$63.7Kprior reported value-3.2K shares-100.0%