Investing in small and mid cap stocks is more risky and more volatile than investing in large cap stocks. Ariel Focus Fund is a non-diversified fund and therefore may be subject to greater volatility than a more diversified investment.  

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. Link to the standardized performance information and total annual fund operating expenses ratio for the Funds for the period ended September 30, 2008, as follows: Ariel Fund, Ariel Appreciation Fund, and Ariel Focus Fund. For performance data current to the most recent month-end for the Funds, click Ariel Fund, Ariel Appreciation Fund, and Ariel Focus Fund.

The opinions expressed during the interviews that are reflected in the article and video were current as of August 6, 2008 and are subject to change. The interviews were conducted by Fortune Magazine in which there was candid discussion of investment strategies, economic and market conditions, individual funds, securities and sectors. This information should not be considered an offer for any of the funds, securities or sectors referenced.  The information is not guaranteed as to its accuracy or completeness. The information in the article and video is not reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular fund.

The performance of any single portfolio holding is no indication of the performance of other portfolio holdings of Ariel Fund, Ariel Appreciation Fund, or Ariel Focus Fund or of the performance of the Funds themselves. Link to the holdings details of the Funds, as follows:  Ariel Fund, Ariel Appreciation Fund, and Ariel Focus Fund.

Investors should consider carefully the investment objectives, risks, and charges and expenses before investing. For a current 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 prospectus carefully before investing. Distributed by Ariel Distributors, LLC.