AINIX – Ariel International Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation. The fund invests primarily in equity securities of foreign companies based in developed international markets. It is permitted to invest in companies of any size, but typically will not invest in companies with market capitalizations below $3 billion. It also invests a portion of its assets in companies based in the U.S. or emerging markets.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AINTX	Ariel International Fund Investor Class	No Load	Open			Dec 30, 2011	$18.64M	1.130%	Above Average	$1,000	−$5.29M
AINIX	Ariel International Institutional Class	Institutional	Open			Dec 30, 2011	$249.83M	0.880%	Above Average	$1M	−$33.22M

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