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Ariel Appreciation Fund's investment thesis on Schwab Intermediate-Term U.S. Treasury ETF - US ET ($SCHR) — Q4 2025 | Buyside Digest

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$SCHRNASDAQSchwab Intermediate-Term U.S. Treasury ETF - US ET

BULL

Ariel Appreciation Fund—SCHR

Fund Letter

Q4 2025

Published December 31, 2025

View Fund Profile

$24.38USD

+0.6% vs last month

$25.07Pitched

-2.8% since pitch

Market CapN/A

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Ariel Appreciation Fund advanced +3.04% in the fourth quarter of 2025, outperforming the Russell Midcap Value Index (+1.42%) and the Russell Midcap Index (+0.16%). For the trailing...

— John W. Rogers

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