Ariel Fund is now available in the Bright Directions College Savings Program, a new 529 plan offered by the State of Illinois. With a wide array of investment options, Bright Directions is open to both Illinois and out-of-state residents. Bright Directions does not replace Illinois’ existing 529 college savings plan, Bright Start; rather, it is a new college savings option which provides different investment arrangements. As you may know, a 529 college savings plan resembles a 401(k) plan—you choose from an array of investment options, contribute to them over time and receive tax benefits. Additionally, not only do your earnings grow tax-free, but your withdrawals are also tax-free if they are used for qualified education expenses.

To learn more about investing in Bright Directions, visit www.brightdirections.com or call 866-722-SAVE (7283)

You should obtain personal advice from qualified professionals regarding the rules for 529 plans in your state before making any investment. If your state or your designated beneficiary's state offers a 529 plan you may want to consider what, if any, potential state income tax or other benefits it offers before investing. This information should not be considered legal or tax advice.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Ariel Mutual Funds and the Bright Directions College Savings Program. This and other important information is contained in the Funds' prospectus, which is available on arielmutualfunds.com and in the Bright Directions' plan disclosure document, which is available from your financial advisor. Please read these documents carefully before investing.