Focused on large- and mid-cap equities listed in South Africa. The fund provides geographic concentration on South Africa's equity market, offering exposure to the continent's most developed stock exchange and major South African corporations.

Broad exposure to publicly traded companies incorporated in Africa, or companies outside Africa that derive a majority of revenues or assets from Africa. The fund tracks the MVIS GDP Africa Index, providing diversified access to African equity markets.

The Ariel International Fund seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund uses Ariel's patient, value-oriented investment approach to identify undervalued international opportunities.

This fund seeks long-term growth of capital by investing in small-cap companies with sustainable competitive advantages and exceptional management teams. Brown Capital focuses on high-quality businesses with strong growth potential.

The Ariel Appreciation Fund invests primarily in a diversified portfolio of equity securities using a patient, value-oriented approach. The fund focuses on mid-cap companies that are temporarily undervalued by the market and have strong long-term potential.

The Ariel Fund seeks long-term capital appreciation by investing primarily in a diversified portfolio of equity securities that are selected using a value-oriented investment approach. The fund focuses on small and medium-sized companies that are temporarily undervalued by the market.