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Separate Accounts
Investment management for pension plans, foundations, endowments, other institutional investors, and their consultants.

Co-Managed by: John W. Rogers, Jr.
and Kenneth E. Kuhrt
Market Cap: between $200 million and $2 billion
Co-Managed by: John W. Rogers, Jr.
and John P. Miller, CFA.
Market Cap: between $1 billion and $7.5 billion
Co-managed by: John W. Rogers Jr.
and Tim Fidler
Market Cap: between $2 billion and $15 billion
Deep Value
Managed by: David M. Maley
Market Cap: under $500 million
Managed by: David M. Maley
Market Cap: under $2 billion
Managed by: Rupal J. Bhansali
Market Cap: all cap
> Fact Sheets
   – US Investors
   – Non-US Investors
> Quarterly Commentary
   – U.S. Investors
   – Non-U.S. Investors

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As of December 31, 2017
A compilation of our separate account portfolio manager letters
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Past performance does not guarantee future results. © Ariel Investments, LLC. This website and all of its content is for informational and educational purposes only and should not be considered to be investment advice or a recommendation to buy or sell any particular security. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC, a wholly-owned subsidiary of Ariel Investments, LLC. Use of this website is subject to our Terms & Conditions. The Ariel mutual funds referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to ineligible investors, investors for whom such products, funds or services are not suitable, or investors outside the United States.

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