In this broadcast, Mr. Bobrinskoy candidly discusses the impact of policies on the financial markets, as well as a gradual rotation back into stocks.  These opinions are current as of the date of the broadcast, 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.

Mr. Bobrinskoy discusses specific companies, which may be held in certain portfolios Ariel manages. Portfolio holdings are subject to change. The performance of any single portfolio holding is no indication of the performance of the entire portfolio in which it is held. See current holdings information for Ariel’s portfolios on this web site by clicking on a portfolio’s “Holdings” tab.