Money magazine looked for low fees, proven track records, experienced managers and long-term performance when creating this exclusive list of recommended mutual funds.

This article was written by Money. The information contained in this article is not guaranteed as to its accuracy or completeness. This material should not be considered an offer for any of the securities referenced. The opinions expressed and the information contained in this article are current as of the date of the reprint, but are subject to change. The information provided does not provide information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security.

Investing in mid-cap stocks is more risky and more volatile than investing in large cap stocks. The Fund concentrates a significant portion of its assets in the financial services and consumer discretionary sectors, and its performance may suffer if these sectors underperform the overall stock market. Ariel Appreciation Fund pursues long-term capital appreciation by investing in undervalued companies that show strong potential for growth. Ariel Appreciation Fund invests primarily in common stocks of U.S. companies and the Fund generally will have a weighted average market capitalization between $2 billion and $15 billion..

Performance data quoted represents past performance.  Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Click on the following link for the expense ratio the standardized performance for the most recent quarter and month-end periods for Ariel Appreciation Fund. The Fund’s Institutional Class shares’ estimated expense ratio is 0.90%. The inception date for the Institutional Class shares is December 30, 2011.

Investors should consider carefully the investment objectives, risks, and charges and expenses before investing. For a current summary prospectus or full prospectus, which contains this and other information about the funds offered by Ariel Investment Trust, call us at 800-292-7435 or click here. Please read the summary prospectus or full prospectus carefully before investing. Distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC.