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For the quarter-ended December 31, 2009:
Ariel Fund & Ariel Appreciation Fund
Ariel Focus Fund
For updated information about our funds and to learn more about our investment approach, read our
monthly commentary
as of February 28, 2010.
Select our Portfolio Snapshots for a detailed review of our fund performance as of the quarter ended December 31, 2009:
Ariel Fund
Ariel Appreciation Fund
Ariel Focus Fund
To learn how our analysts and portfolio managers evaluate which stocks to purchase, read our recently featured company spotlights:
Baxter International Inc.
International Business Machines Corp.
McCormick & Company, Incorporated
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For the quarter-ended December 31, 2009:
For updated information about our funds and to learn more about our investment approach, read our 
