Morningstar Advisor - Winter 2008 - (Page 53) Slow and steady wins the race 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. Average annual total returns as of 9/30/07 Ariel Fund Ariel Appreciation Fund 1 year 11.97% 12.09% 5 years 13.26% 13.31% 10 years 10.77% 10.42% Expense ratio 1.07% 1.16% A arielmutualfunds.com Investing in small and mid-cap stocks is more risky and more volatile than investing in large cap stocks. Performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end may be obtained by visiting our web site. The Funds’ annual expense ratios are as of 9/30/06. Please consider the investment objectives, risks, and charges and expenses of the funds carefully before investing. Before investing, you should carefully read the funds’ prospectus, which contains this and other information about the funds. Call Ariel Distributors, LLC at 866-818-1182 for a prospectus or visit our web site, arielmutualfunds.com. http://arielmutualfunds.com http://arielmutualfunds.com
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