Morningstar Advisor - Summer 2007 - (Page Cover2)

Slow and steady brings out the stars Overall Morningstar Rating as of 5/31/07 (out of 383 domestic mid-cap blend funds) TM #### Ariel Fund Patience has so many rewards At Ariel, our disciplined approach to value investing has helped investors achieve their long-term goals since 1983. In fact, for almost 25 years we have focused on one thing— our patient investment philosophy. We chose the tortoise as our symbol because it illustrates our faith in the moral of Aesop’s fable—slow and steady wins the race. Call Ariel’s dedicated advisory services team today at 866-818-1182 and bring the value of patient investing to your clients’ portfolios. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, fiveand ten-year (if applicable) Morningstar Ratings. Ariel Fund was rated two stars among 383, three stars among 310 and five stars among 132 domestic mid-cap blend funds for the three-, five- and ten-year periods ended 5/31/07, respectively. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. These ratings change monthly. The top 10% of funds in an investment category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. Morningstar does not guarantee the accuracy of this information. A Past performance does not guarantee future results. Investing in small and mid-cap stocks is more risky and more volatile than investing in large cap stocks. For a current prospectus, which includes the investment objectives, risks, management fees, charges and expenses as well as other information, call 866-818-1182. Read the prospectus carefully before investing. ©2007, Ariel Distributors, LLC. 2007 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Table of Contents Feed for the Digital Edition of Morningstar Advisor - Summer 2007

Morningstar Advisor - Summer 2007 Contents Letter from the Publisher Get to Know the Bond “All-Stars” Research Briefs Our Stewardship Test Gets Tougher Save It for Later Too Many Oranges Best of Both Worlds No Two Clients Are Alike When It Comes to VAs, It’s Seller Beware Hands On: Finding the Suitable Fund Share Class for Your Client Fund Style Can Drift Off Course Sticking to Their Style, Through Thick and Thin Marathon Man Growth, With a Chaser A Menu of Ideas to Fill Five Market Baskets Funds: Finding Funds with Conviction Stocks: So You Say You Want Income? All Eyes on China Mutual Fund Analyst Picks Undervalued Stocks Most Popular Variable Annuities What’s New at Morningstar and on the Web The Advisor’s Economic Moat

Morningstar Advisor - Summer 2007

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