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In the article Rupal Bhansali candidly discusses her opinions, which were current as of the date of the article but are subject to change. The information provided in the article 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. The information contained in the article is not guaranteed as to its accuracy or completeness.

In this article, Ms. Bhansali mentions various specific stocks. One or more of the stocks mentioned were, as of the date of this communication, and may currently be held in Ariel International Fund and/or Ariel Global Fund. Any holdings mentioned do not constitute all holdings in a Fund. Portfolio holdings are subject to change. The performance of any single portfolio holding is no indication of the performance of other portfolio holdings of Ariel International Fund or Ariel Global Fund. See current holdings information for Ariel International Fund by clicking here. See current holdings information for Ariel Global Fund by clicking here.

Investments in foreign securities may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, foreign currencies and taxes. The use of currency derivatives and exchange-traded funds (ETFs) may increase investment losses and expenses and create more volatility. Investments in emerging markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. The intrinsic value of the stocks in which Ariel International Fund and Ariel Global Fund invest may never be recognized by the broader market. Past performance does not guarantee future results.