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Lipper, Inc. Ranking Information

Ariel Fund

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.

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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Ariel Distributors, LLC is a member of the Securities Investor Protection Corporation