Because a stock price implies a certain Required Business Performance^®   to support that stock price. We want to own companies whose management can deliver the Required Business Performance^®   to support the stock price. We want to avoid companies whose management cannot.

While many active managers try to guess what a company will do in the future, we believe the key to successful investing is determining what a company must do. Transparent Value’s family of mutual funds are based on this principle. Using the fact-driven, forecast-free RBP^®   Methodology, Transparent Value’s disciplined stock selection process aims to invest in companies that are the most likely to deliver the Required Business Performance^®   to support the stock price.

Transparent Value offers separately managed accounts to qualifying investors by combining the insight of the RBP^®   Methodology with the innovative rules-based index construction methodology employed by Transparent Value Indexes^SM   , thereby capturing benefits of both active and passive investing.

S&P Dow Jones Indices maintains and calculates the Transparent Value Indexes. Each fund in Transparent Value's family of mutual funds is aimed to replicate the performance of one of the Transparent Value Indexes. For a given universe, each index consists of those companies with the highest likelihood of delivering the Required Business Performance to support the stock price and avoids those companies with the highest behavioral risk. This process is designed to fuse the insights of fundamental analysis with the strict rules-based system of index construction.