Past performance does not guarantee future results. For the period ended 12/31/20, the Lipper Rankings of Ariel Fund Investor Class for the 1-, 5-, 10-year and since inception (November 6, 1986) periods were 7 out of 137 funds, 24 out of 118 funds, 14 out of 87 funds, and 1 out of 1 Mid Cap Value Funds. The Lipper ranking since inception was in the 50 percentile. Rankings for Ariel Fund’s Institutional Class will differ.
Lipper, Inc. is a nationally recognized organization that reports performance and calculates rankings for mutual funds based on total returns.