What is the difference between absolute returns and annualized returns?

The Fund seeks to provide long-term capital appreciation through investment primarily in small-cap common stocks of U.S. companies. A. A; C; I; R6. Share Class. Expense ratios are based on management and distribution fees as of the Fund's most recent fiscal year end. Other expenses are estimated for the current fiscal ... Seeks long-term capital growth by investing in stocks that are categorized as either growth or value stocks. The Fund invests primarily in common stocks of companies with smaller market capitalizations located in developed and emerging markets outside the US. The Fund ... The MSCI EAFE Small Cap Index is an equity index which captures small cap representation across Developed Markets countries around the world, excluding the US ... The Ariel Small Cap Value Tax-Exempt Composite seeks long-term capital appreciation by investing in small cap undervalued companies that show strong potential ... An actively-managed portfolio of smaller-capitalization, rapidly-growing companies that can benefit from positive, long-term trends. The Fund invests at least 80% of its net assets in US equity securities with small market capitalizations that we believe are undervalued. Small Cap Fund ... The Intrepid Small Cap Fund invests primarily in underfollowed, high-quality, small-cap US stocks and seeks to protect and grow your capital by ... Small cap core fund that focuses on investing in specific growth and value opportunities within the small cap segment (generally market caps up to $4 billion) ...