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Scott Minerd, chief investment officer, Guggenheim Partners

Guggenheim Transparent Value funds added to Schwab service


Three Guggenheim Partners Transparent Value mutual funds, which are based upon the Dow Jones RBP Family of Directional Indexes, have been added to the Schwab Mutual Fund OneSource service.

The funds are now available to Charles Schwab’s independent registered investment advisers and individual investors.

They are:

• Transparent Value Dow Jones RBP US Large-Cap Aggressive Index Fund
• Transparent Value Dow Jones RBP US Large-Cap Defensive Index Fund
• Transparent Value Dow Jones RBP US Large-Cap Market Index Fund

“Schwab possesses a tremendous platform, and we are very pleased that they have chosen to offer our mutual funds to their clients,” says Scott Minerd, chief investment officer of Guggenheim Partners. “Their recognition of these funds validates our belief that investors will be attracted to Transparent Value’s unique approach to index design and company valuation. Transparent Value – and Guggenheim as a whole – constantly strives to provide clients with new approaches to investing.”

Each of the mutual funds uses a management strategy designed to track the total return performance of its respective Dow Jones Index. The components of each index are determined using a methodology called Required Business Performance. Developed by Transparent Value, RBP strives to measure the company business performance that is implied in the price of a stock. Once the RBP has been calculated, a probability is assigned as to the likelihood that the management of a given company can deliver that RBP.

“The uniqueness of the funds is derived from their relationship with the Dow Jones RBP Indexes,” says Julian Koski, co-founder of Transparent Value. “The innovation is that the funds behave as if they are actively managed, but they maintain the transparency and rules of an index fund. For investors, this hybrid approach aims to combine the best elements of active and passive investing, which may help generate attractive risk-adjusted returns.”

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