Past performance does not guarantee future results. For the period ended 03/31/20, the Lipper Rankings of Ariel Fund Investor Class for the 1-, 5-, 10-year and since inception (November 6, 1986) periods were 127 out of 166 funds, 77 out of 131 funds, 32 out of 95 funds, and 1 out of 3 Mid Cap Value Funds. The Lipper ranking since inception was in the 25 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.