The Ariel International Equity Fund Institutional Class (AINIX) is a mutual fund that primarily invests in international equities. It is designed for institutional investors and aims to provide long-term capital appreciation by investing in a diversified portfolio of stocks from companies located outside of the United States. The fund is managed by Ariel Investments, a well-respected investment management firm known for its value-oriented approach. AINIX offers a low expense ratio and a focus on high-quality, undervalued companies with strong growth potential. It is a suitable option for investors looking to diversify their portfolio and gain exposure to international markets.