Morningstar Ratings
4/30/08
Ariel Fund and Ariel Appreciation Fund received 2-Star and 3-star Overall Morningstar Ratings™ respectively.
|
Ariel Fund |
 |
|
Ariel Fund received a two-star Overall Morningstar Rating™ as of 4/30/08 out of 429 Mid-Cap Blend Equity Funds. Ariel Fund was rated one star among 429, one star among 341 and three stars among 158 domestic mid-cap blend funds for the three-, five- and ten-year periods ended 4/30/08, respectively.
|
|
Ariel Appreciation Fund |
 |
|
Overall Morningstar Rating™ as of 4/30/08 out of 429 Mid-Cap Blend Equity Funds. Ariel Appreciation Fund was rated two stars among 429, two stars among 341 and three stars among 158 domestic mid-cap blend funds for the three-, five- and ten-year periods ended 4/30/08, 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. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Ratings. Morningstar does not guarantee the accuracy of this information.
© 2008 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.
Investing in small cap and mid-cap stocks is more risky and more volatile than investing in large cap stocks. Past performance does not guarantee future results.
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 800-292-7435 for a prospectus or visit our web site, arielinvestments.com.
