Kara Brosio

Ariel Investments charges an annual fee based on the value of your portfolio. The fee schedule varies depending on the investment strategy:

Domestic Value:

• 1.00% on the first $10 million
• 0.75% on the next $10 million
• 0.50% on the balance over $20 million

Focused Value:

• 0.65% on the first $20 million
• 0.55% on the next $30 million
• 0.45% on the balance over $50 million

Global:

• 0.80% on the first $25 million
• 0.75% on next $25 million
• 0.65% on next $50 million
• 0.55% on next $100 million
• 0.50% on the balance over $200 million

Emerging Markets Value:

• 0.95% on the first $25 million
• 0.90% on the next $25 million
• 0.75% on the balance over $50 million

Emerging Markets Value ex-China:

• 1.05% on the first $25 million
• 0.90% on the next $25 million
• 0.80% on the balance over $50 million

These fees are negotiable, and some clients may have different fee structures. In limited cases, some clients may be subject to performance-based fees.