X0101 EFFECT 33 LIVE 2019-05-22 09:00:00

N-14

0000798365 ARIEL INVESTMENT TRUST 333-230984 0000798365 ARIEL INVESTMENT TRUST S000005024 Ariel Fund C000013706 Investor Class 0000798365 ARIEL INVESTMENT TRUST S000031125 Ariel Discovery Fund C000096535 Investor Class 0000798365 ARIEL INVESTMENT TRUST S000005024 Ariel Fund C000108536 Institutional Class 0000798365 ARIEL INVESTMENT TRUST S000031125 Ariel Discovery Fund C000108539 Institutional Class