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Guggenheim RBP® Dividend Fund announces plan of reorganization. Read more


RBP Dividend

Price $15.18
Change ($0.31) / -2.00%
As of 7/24/24

Investment Strategy

Seeks investment results that, before fees and expenses, correspond generally to the total return performance of the Guggenheim RBP Dividend Index.

Fund Highlights and Applications

  • The fund invests in U.S. large and mid-capitalization companies believed to have a high Required Business Performance® (RBP) Probability*, while avoiding those companies believed to have the most behavioral risk.
  • Applies the proprietary RBP® methodology to top yielding stocks screened for dividend consistency.
  • Invests in companies with historically attractive dividend payouts.


Most Recent Income $0.032741
Dividend $0.032741
Most Recent Capital Gain $0.000000

Distribution Yields  

Distribution Yield
30-Day Subsidized SEC Yield 0.93%
30-Day Unsubsidized SEC Yield 0.13%

Fees and Expenses

Gross Expense Ratio 1.81%
Net Expense Ratio 0.92%  

Overall Morningstar RatingTM*

as of 6/30/2024
(Based on risk-adjusted returns out of 1099 Large Value funds.)

Symbols & CUSIPs

Class Symbol CUSIP Inception
A TVEAX 89386C696 4/18/11
C TVECX 89386C688 4/18/11
Institutional TVEIX 89386C712 2/10/11
P TVEFX 89386C670 4/18/11

Investment Team

Farhan Sharaff Burak Hurmeydan Douglas Makin


Fund Type Equity
Distribution Frequency Quarterly (if applicable)
Benchmark Dow Jones U.S. Large-Cap Total Stock Market IndexSM
Telephone 800.820.0888
Trading Hours Phone: 9:30 AM - 4:00 PM ET
Web: 9:30 AM - 4:00 PM ET
Note: Each financial intermediary may have its own rules about shares transactions, and may have earlier cut - off times for processing your transaction.
Investment Adviser Guggenheim Partners Investment Management, LLC
Distributor Guggenheim Funds Distributors, LLC

*As of 6.30.2024, the Institutional Class was rated, based on its risk-adjusted returns, 4 stars Overall, 4 stars for 3 years, 3 stars for 5 years, and 4 stars for 10 years among1099, 1099, 1035, and 809 Large Value funds, respectively.

The Morningstar Rating for funds, or “star rating”, is calculated for managed products with at least a three-year history and does not include the effect of sales charges. Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its 3-year. 5-year, and 10-year (if applicable) Morningstar Rating metrics.

©2024 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary of Morningstar and /or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of its information. Past performance is no guarantee of future results.

Prior to 5/9/2016, the fund's name was Transparent Value Dividend Fund and Class P shares were named Class F-1 shares.

Performance displayed represents past performance which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized. With load performance shown reflects maximum sales charges or contingent deferred sales charges (CDSC) as applicable. Class A-shares have a maximum sales charge of 4.75%. Effective 5/9/2016 the A Class maximum front-end sales charge was changed from 5.75% to 4.75%. For performance periods that begin prior to 5/9/2016, a 5.75% load was used and for performance periods that begin 5/9/2016, a 4.75% load was used. A 1.25% deferred sales charge will be imposed on purchases of $1,000,000 or more on fund shares purchased without a front-end sales charge that are redeemed within 18 months of purchase. Class C-shares have a maximum CDSC of 1% for shares redeemed within 12 months of purchase.

The annualized rate an investor would receive if the most recent fund distribution stayed the same going forward. This rate does not represent the total return of a fund.

SEC 30-day yield is based on net investment income for the most recent 30-day period, is annualized and is divided by the offering price at month-end.

Data is subject to change on a daily basis. Partial year returns are cumulative, not annualized. Returns reflect the reinvestment of dividends. The securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell.

*REQUIRED BUSINESS PERFORMANCE® (“RBP”) PROBABILITY quantifies the probability of whether a stock can perform according to market expectations by measuring the likelihood that the company’s management can achieve the Required Business Performance® to support its current valuation or if investors’ systematic behavioral biases might have caused misalignment between the stock price and management’s ability to deliver. RBP® Probability cannot guarantee nor does it predict profit, performance, or future stock prices.

This fund may not be suitable for all investors. • Stock markets can be volatile. • Investments in securities of small and medium capitalization companies may involve greater risk of loss and more abrupt fluctuations in market price than investments in larger companies. • Unlike many investment companies, the Fund is not “actively managed.” Therefore, the Fund would not sell an equity security because the security’s issuer was in financial trouble unless that security is removed from the Index. • In addition, the Fund’s return may not match or achieve a high degree of correlation with the return of the Index for a number of reasons. • The Index is a quantitative strategy index, meaning that the Fund invests in securities comprising an index created by a proprietary model. • The success of the Fund’s principal investment strategies depends on the effectiveness of the model in screening securities for inclusion in the Index. • The factors used in the quantitative analysis and the weight placed on these factors may not be predictive of a security’s value. As a result, the Fund may have a lower return than if the Fund were managed using a fundamental investment strategy or an index based strategy that did not incorporate quantitative analysis. • The fund could become more volatile if the Index concentrates on a particular sector. Please read the prospectus for more detailed information regarding these and other risks.

The Advisor has contractually agreed to waive fees and expenses through February 1, 2025 to limit the ordinary operating expenses of the Fund. The Fund may have net expenses greater than the expense cap as a result of any acquired fund fees and expenses or other expenses that are excluded from the calculation. Total annual operating expenses vary by share class. See the prospectus for information on the fees and expenses that apply to each share class.

Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Investing involves risk, including the possible loss of principal.

Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.

© 2024 Guggenheim Investments. All Rights Reserved.

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• Not FDIC Insured • No Bank Guarantee • May Lose Value

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