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In this broadcast replay, John Oxtoby – Ariel Investments’ Director of Environmental, Social, and Governance (ESG) Investing – candidly discussed his opinions on ESG investing, including market trends, certain sectors, and specific stocks. Mr. Oxtoby works with Ariel’s portfolio managers and analysts to evaluate the ESG risks and opportunities in current and prospective investments for Ariel Fund and Ariel Appreciation Fund. His opinions were current as of the date of the original broadcast but are subject to change. The information provided in the broadcast replay 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 replay is not guaranteed as to its accuracy or completeness.

We have a dedicated environmental, social and governance (ESG) team embedded within our research team for certain Ariel strategies, including Ariel Fund’s and Ariel Appreciation Fund’s strategies. We have integrated a proprietary ESG-risk rating in our analysis of companies, and it is one factor, but not a primary factor, our investment teams use in evaluating companies.

Past performance does not guarantee future results. See current holdings information for Ariel Fund by clicking here. See holdings information for Ariel Appreciation Fund by clicking here. 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 Fund or Ariel Appreciation Fund.

Investing in small cap and mid-cap stocks is more risky and more volatile than investing in large cap stocks. The intrinsic value of the stocks in which the Funds invest may never be recognized by the broader market. The Funds are often concentrated in fewer sectors than its benchmarks, and their performance may suffer if these sectors underperform the overall stock market. Investing in equity stocks is risky and subject to the volatility of the markets.