# EDGAR Filing Document

**Accession Number:** 0000798365
**File Stem:** 0002066578-25-001088
**Filing Date:** 2025-11
**Character Count:** 26244
**Document Hash:** ed9ff93c03328f013f2f80fe5a791791
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001088.hdr.sgml**: 20251117

**ACCESSION NUMBER**: 0002066578-25-001088

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251117

**DATE AS OF CHANGE**: 20251117

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ARIEL INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000798365

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04786
- **FILM NUMBER:** 251490903

**BUSINESS ADDRESS:**
- **STREET 1:** 200 EAST RANDOLPH STREET
- **STREET 2:** SUITE 2900
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 312-581-6750

**MAIL ADDRESS:**
- **STREET 1:** 200 EAST RANDOLPH STREET
- **STREET 2:** SUITE 2900
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARIEL GROWTH FUND
- **DATE OF NAME CHANGE:** 19931130

## Series and Classes Contracts Data

### Ariel International Fund (Series ID: S000035291)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000108545 | Investor Class      | AINTX           |
| C000108546 | Institutional Class | AINIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ariel Investment Trust

- **b. Investment Company Act file number:** 811-04786

- **c. CIK number of Registrant:** 0000798365

- **d. LEI of Registrant:** 549300CVWGJ8PC4QGT42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 200 East Randolph Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60601

  - **Telephone number:** 800-292-7435

**Item A.2. Information about the Series.**

- **a. Name of Series:** Ariel International Fund

- **b. EDGAR series identifier (if any):** S000035291

- **c. LEI of Series:** 549300K6TE7HPFE46V02

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $269758635.15

**Total Liabilities:** $494648.48

**Net Assets:** $269263986.67

**Cash Not Reported:** $246581.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108545 | -4.29%               | 3.07%                | 3.66%                |
| Class ID C000108546 | -4.26%               | 3.07%                | 3.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2257126.12              | $-13331431.50                              |
| Month 2  | $9552223.42              | $-1825249.06                               |
| Month 3  | $1976734.11              | $6176370.43                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                           | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Informa PLC                                    | Informa PLC ORD GBP0.001                                                  | CUSIP: G4770L106<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |     815911 | NS      | $10068996.52  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd.                    | China Mengniu Dairy Co Ltd. HKD0.1                                        | CUSIP: G21096105<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |    1360000 | NS      | $2621450.92   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sega Sammy Holdings Inc.                       | Sega Sammy Holdings Inc. NPV                                              | CUSIP: J7028D104<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |     444700 | NS      | $9370018.60   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                     | Bandai Namco Holdings Inc. NPV                                            | CUSIP: Y0606D102<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |     265100 | NS      | $8828599.93   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Negara Indonesia (Persero) Tbk PT         | Bank Negara Indonesia (Persero) Tbk PT LKD SHS(IDR3750 & IDR187.5)        | CUSIP: Y74568166<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | EC               | CORP              | ID        |    8724700 | NS      | $2146490.85   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumco Corp.                                    | Sumco Corp. NPV                                                           | CUSIP: J76896109<br>LEI: 353800SUSRUOM0V6KU92 | Long             | EC               | CORP              | JP        |     790400 | NS      | $8428581.67   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp.                              | Bridgestone Corp. NPV                                                     | CUSIP: J04578126<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     187800 | NS      | $8696314.03   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Minth Group Ltd.                               | Minth Group Ltd. HKD0.1                                                   | CUSIP: G6145U109<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | KY        |     662000 | NS      | $2877021.83   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebara Corp.                                    | Ebara Corp. NPV                                                           | CUSIP: J12600128<br>LEI: 353800UV8U3SOMCDTI49 | Long             | EC               | CORP              | JP        |     342200 | NS      | $7828127.26   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corp.                                 | Lasertec Corp. NPV                                                        | CUSIP: J38702106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      80600 | NS      | $11066592.28  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd.                   | Murata Manufacturing Co Ltd. NPV                                          | CUSIP: J46840104<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     557800 | NS      | $10619642.97  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electro-Mechanics Co Ltd.              | Samsung Electro-Mechanics Co Ltd. KRW5000                                 | CUSIP: Y7470U102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      22204 | NS      | $3062238.69   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.   | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10                        | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      40000 | NS      | $1712710.81   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                             | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      12874 | NS      | $3447667.89   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                         | Axa SA EUR2.29                                                            | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     107253 | NS      | $5117404.92   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                               | Roche Holding AG GENUSSCHEINE NPV                                         | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |      18581 | NS      | $6066455.50   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                 | BNP Paribas SA EUR2                                                       | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      65148 | NS      | $5914741.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Wizz Air Holdings PLC                          | Wizz Air Holdings PLC ORD GBP0.0001                                       | CUSIP: G96871101<br>LEI: 213800COXGZCORLJZA85 | Long             | EC               | CORP              | JE        |     116661 | NS      | $1812164.74   | 0.67%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Emaar Properties PJSC                          | Emaar Properties PJSC AED1                                                | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |     590886 | NS      | $2099362.19   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtac International Group                     | Airtac International Group TWD10                                          | CUSIP: G01408106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     185000 | NS      | $4570673.93   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                   | Northern Institutional Funds TREAS PRT PRMR                               | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     685821 | NS      | $685821.17    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.         | Check Point Software Technologies Ltd. ORD ILS0.01                        | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      38310 | NS      | $7926722.10   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BT Group PLC                                   | BT Group PLC ORD GBP0.05                                                  | CUSIP: G16612106<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |    2696643 | NS      | $6932466.10   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc.                        | KB Financial Group Inc. KRW5000                                           | CUSIP: Y46007103<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      28734 | NS      | $2365401.80   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                         | Intesa Sanpaolo S.p.A. NPV                                                | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |    1110782 | NS      | $7321294.49   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                   | KBC Group NV NPV                                                          | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      45408 | NS      | $5408428.08   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                             | Publicis Groupe SA EUR0.40                                                | CUSIP: F7607Z165<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |      90829 | NS      | $8710175.30   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA             | Banco Bilbao Vizcaya Argentaria SA EUR0.49                                | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     285320 | NS      | $5473572.84   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                      | Orange SA EUR4                                                            | CUSIP: F6866T100<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     446468 | NS      | $7238867.87   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                     | Siemens AG NPV(REGD)                                                      | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      28519 | NS      | $7674242.89   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                      | Fresenius Medical Care AG NPV                                             | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     249503 | NS      | $13082210.25  | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus S.A                                   | Proximus S.A NPV                                                          | CUSIP: B6951K109<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |     314868 | NS      | $2750350.83   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Tax Managed Funds                     | Vanguard Tax Managed Funds FTSE DEVELOPED MKTS ETF                        | CUSIP: 921943858<br>LEI: 549300PTTIGTMUA02X28 | Long             | EC               | RF                | US        |      13935 | NS      | $834985.20    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | Koninklijke Ahold Delhaize NV EUR0.01                                     | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      59910 | NS      | $2423121.44   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                    | JD.com Inc. USD0.00002 A CLASS                                            | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |      88750 | NS      | $1579536.62   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                                 | BAWAG Group AG NPV                                                        | CUSIP: A0997C107<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |      72957 | NS      | $9593379.48   | 3.56%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tesco PLC                                      | Tesco PLC ORD GBP0.0633333                                                | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |    1609850 | NS      | $9645463.85   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                        | GSK plc ORD GBP0.3125                                                     | CUSIP: G3910J179<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     111330 | NS      | $2357462.92   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin | Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION) | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     102551 | NS      | $3677016.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                   | Barclays PLC ORD GBP0.25                                                  | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    1266107 | NS      | $6463780.66   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation        | Algonquin Power & Utilities Corporation COM NPV                           | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    1194706 | NS      | $6415571.22   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                                    | Italgas SpA NPV                                                           | CUSIP: T6R89Z103<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |     433448 | NS      | $3987150.59   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                      | Aptiv PLC COM SHS                                                         | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     120531 | NS      | $10392182.82  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group SpA                          | Lottomatica Group SpA NPV                                                 | CUSIP: T64384109<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |     243805 | NS      | $6560604.47   | 2.44%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Syensqo SA                                     | Syensqo SA NPV                                                            | CUSIP: B8T189100<br>LEI: 549300060XNJ90PLNS10 | Long             | EC               | CORP              | BE        |     110229 | NS      | $8890767.20   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -842879 | NC      | $11859.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD BRANCH                         | UBS AG STAMFORD BRANCH                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -6586369 | NC      | $53172.41     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD BRANCH                         | UBS AG STAMFORD BRANCH                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -774205852 | NC      | $-5437.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -2109485 | NC      | $-33625.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -3284677 | NC      | $-18166.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN TRUST COMPANY                         | NORTHERN TRUST COMPANY                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -10878109 | NC      | $-83564.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD BRANCH                         | UBS AG STAMFORD BRANCH                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -688886 | NC      | $-5132.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD BRANCH                         | UBS AG STAMFORD BRANCH                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -2198211 | NC      | $16654.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -622485067 | NC      | $54489.97     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -493670598 | NC      | $26921.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD BRANCH                         | UBS AG STAMFORD BRANCH                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -7905518 | NC      | $32493.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -1811535 | NC      | $-6031.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN TRUST COMPANY                         | NORTHERN TRUST COMPANY                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -19671746 | NC      | $-13679.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -5510051 | NC      | $-15219.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK                            | JPMORGAN CHASE BANK                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -6505019 | NC      | $-76840.69    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** Ariel Investment Trust

**Signature:** Adam J. Nelson

**Name of Signer:** Adam J. Nelson

**Title:** Treasurer