ARIEL MUTUAL FUND

Ticker: ARGFX CUSIP: 040337107 Class: NTF EQUITY FUNDS

MASSMUTUAL TRUST CO FSB/ADV's Holding History (CIK: 0001103653)

Note: Option positions (PUT/CALL) are excluded.

Q3 2017

Shares 162,057 Value ($000) $11,200 Avg Close — Range —

Q2 2017

Shares 162 Value ($000) $11,115 Avg Close — Range —

Q1 2017

Shares 162 Value ($000) $11,109 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	162,057	$11,200	—	—
Q2 2017	162	$11,115	—	—
Q1 2017	162	$11,109	—	—