IntroductionInvestors often get caught up in trying to pick winning stocks.We believe successful investing is much more about actively avoiding stock losers.
Applying a disciplined approach to managing equity is our research intensive process, which establishes a clear link between a company’s stock price and what its management must do on a daily basis to justify that valuation.
At the heart of this process is a success measure called Required Business Performance® (RBP®) Probability, and it evaluates one simple question:Transparent Value Blended Index (TVBI)Netflix
TERMS AND CONDITIONS OF USE
Access to the Transparent Value website defined below is provided by TV. For purposes of this agreement, "TV" shall mean Transparent Value, L.L.C. and its affiliates, and their officers, directors, managing directors, partners, and employees. The "TV website" shall mean the website of Transparent Value, L.L.C. available to the general public and located at transparentvalue.com and other select domains.
MONITORING BY TV
Your use of the products and services on this website may be monitored by TV, and the resultant information may be used by TV for its internal business purposes or in accordance with the rules of any applicable regulatory or self-regulatory organization.
INFORMATION MADE AVAILABLE THROUGH THIS SERVICE
You are permitted to store, display, analyze, modify, reformat and print the information made available to you via this service only for your own use. You are not permitted to publish, transmit or otherwise reproduce this information, in whole or in part, in any format to any third party without the express written consent of TV. In addition, you are not permitted to alter, obscure or remove any copyright, trademark or any other notices that are provided to you in connection with the information. TV reserves the right, at any time and from time to time, in the interests of its own editorial discretion and business judgment to add, modify or remove any of the information. These Terms and Conditions of Use are not intended to, and will not, transfer or grant any rights in or to the information other than those which are specifically described herein, and all rights not expressly granted herein are reserved by TV or the third party providers from whom TV has obtained the information. You are required to read and abide by any additional terms and conditions that may be posted on this service from time to time concerning information obtained from specific third-party providers. Such third-party providers shall have no liability to you for monetary damages on account of the information provided to you via this service.
NO WARRANTIES MADE AS TO CONTENT; NO RESPONSIBILITY TO UPDATE
TV makes no warranty, express or implied, concerning this service. The services provided by us and our third-party providers are on an "as is" basis at your sole risk. TV expressly disclaims any implied warranty of merchantability or fitness for a particular purpose, including any warranty for the use or the results of the use of the services with respect to their correctness, quality, accuracy, completeness, reliability, performance, timeliness or continued availability. Neither TV nor any of its third party providers shall have any responsibility to maintain the data and services made available on this website or to supply any corrections, updates, or releases in connection therewith. Availability of data and services are subject to change without notice.
NO LIABILITY FOR CONTENT; NO LIABILITY ARISING FROM USE
TV shall have no liability, contingent or otherwise, to you or to third parties, or any responsibility whatsoever, for the failure of any connection or communication service to provide or maintain your access to this service, or for any interruption or disruption of such access or any erroneous communication between TV and you, regardless of whether the connection or communication service is provided by TV or a third-party service provider. TV shall have no liability, contingent or otherwise, to you or to third parties, for the correctness, quality, accuracy, timeliness, reliability, performance, continued availability, completeness or delays, omissions or interruptions in the delivery of the data and services available on this website or for any other aspect of the performance of this service or for any failure or delay in the execution of any transactions through this service. In no event will TV be liable for any special, indirect, incidental or consequential damages which may be incurred or experienced on account of you using the data or services made available on this website, even if TV has been advised of the possibility of such damages. TV will have no responsibility to inform you of any difficulties experienced by TV or third parties with respect to the use of the services or to take any action in connection therewith.
NO WARRANTIES MADE AS TO SECURITY
TV makes no warranty whatsoever to you express or implied, regarding the security of the website, including with respect to the ability of unauthorized persons to intercept or access information transmitted by you through this service. SYSTEM OUTAGES, SLOWDOWNS AND CAPACITY LIMITATIONS/DELAYS IN ORDER ROUTING, EXECUTIONS AND TRADE REPORTS As a result of high Internet traffic, transmission problems, systems capacity limitations and other problems, you may, at times, experience difficulty accessing the website or communicating with TV through the Internet or other electronic and wireless services. Any computer system or other electronic device, whether it is yours, an Internet service provider's or TV's can experience unanticipated outages or slowdowns, or have capacity limitations.
ACCESS TO RBP® REPORTS - FREE LOGIN
TV currently makes RBP® Reports available without charge. TV may change its policy of offering the Reports without charge; may limit your access to multiple Reports or types of Reports or to portions of Reports; or may require you to provide certain information before using the Reports. TV may make any or all of these changes at any time without prior notice to you.
NO DUTY TO UPDATE PREVIOUSLY-ISSUED MATERIAL
TV may change the RBP® methodology at any time wthout notice to you, and does not undertake to advise you of any changes to a previously-issued RBP® Report that may result from changes to its methodology.
CONTENT NOT TO BE CONSTRUED AS A SOLICITATION OR RECOMMENDATION
This material has been prepared for informational purposes only without regard to any particular user's investment objectives, financial situation or means, and TV is not soliciting any action based upon it. This material is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy in any jurisdiction in which such an offer or solicitation, or trading strategy would be illegal. Certain transactions, including those involving futures, options and high-yield securities, give rise to substantial risk and are not suitable for all investors. Although this material is based upon information that TV considers reliable and endeavors to keep current, TV has not verified this information and does not represent that this material is accurate, current or complete and it should not be relied upon as such.
NO DETERMINATION OF SUSTAINABILITY HAS BEEN MADE; NOT ALL RISKS ARE DISCLOSED; PRIVATE ADVISORS SHOULD BE CONSULTED
The fact that TV has made the data and services provided on this website available to you constitutes neither a recommendation to enter into a particular transaction nor a representation that any product described on this website is suitable or appropriate for you. Many of the products described on this website involve significant risks, and you should not enter into any transactions unless you have fully understood all such risks and has independently determined that such transactions are appropriate for you. Any discussion of the risks contained herein with respect to any product should not be considered to be a disclosure of all risks or complete discussion of the risks which are mentioned. You should neither construe any of the material contained herein as business, financial, investment, hedging, trading, legal, regulatory, tax or accounting advice nor make this service the primary basis for any investment decisions made by or on behalf of you, your accountants or your managed or fiduciary accounts, and you should consult your business advisor, attorney and tax and accounting advisors concerning any contemplated transactions.
NO REPRESENTATIONS MADE AS TO OTHER SITES OR LINKS
This service may provide links to certain Internet sites (the "Sites") sponsored and maintained by third parties. TV is providing such links solely as a convenience to you. Accordingly, TV makes no representations concerning the content of the Sites. The fact that TV has provided a link to the Site does not constitute an endorsement, authorization, sponsorship or affiliation by TV with respect to the Site, its owners or its providers. TV has not tested any information, software or products found on any of the Sites and therefore does not make any representations with respect thereto, including any representations regarding the content or sponsors of the Site, or the suitability or appropriateness of the products or transactions described therein.
© Transparent Value, LLC 2017
S&P Dow Jones Notices
Guggenheim RBP Blended IndexSM1 and Guggenheim RBP Large-Cap Defensive IndexSM (the “indexes”) are the property of Transparent Value, which has contracted with S&P Dow Jones indices LLC or its affiliate (“S&PDJI”) to maintain and calculate the indexes. The S&P 2 –Year Treasury Note Futures Total Return Index is the property of S&P and/ or its their party licensors and has been licensed by S&PDJI for use by Transparent Value in connection with the indexes. S&PDJI shall have no liability for any errors or omissions in calculating the indexes.
1. Guggenheim® is a registered trademark of Guggenheim Capital, LLC. RBP® is a registered trademark of Transparent Value, LLC.
Our Commitment to You
Transparent Value considers your privacy our utmost concern. When you become a Transparent Value investor, you entrust us with not only your hard-earned money but also with personal and financial information about you. We recognize that your relationship with us is based on trust and that you expect us to act responsibly and in your best interests. Because we have access to this private information about you, we hold ourselves to the highest standards in its safekeeping and use, This means, most importantly, that we do not sell client information to anyone—whether it is your personal information or if you are a current or former Transparent Value client.
The Information We Collect About You
In order to provide you with individualized service, we collect certain nonpublic personal information about you from information you provide on applications or other forms (such as name, address, Social Security or other tax identification number, age, financial status, assets, income, tax information, retirement and estate plan information, transaction history, account balance, payment history, bank account information, investment objectives, marital status, family relationships, information that we collect on our website through the use of “cookies,” and other personal information). We may also collect such information through your inquiries by mail, e-mail or telephone.
How We Handle Your Personal Information
As emphasized above, we do not sell information about current or former clients or their accounts to third parties. Nor do we share such information, except when necessary to complete transactions at your request or to make you aware of related investment products and services that we offer. Additional details about how we handle your personal information are provided below.
To complete certain transactions or account changes that you direct, it may be necessary to provide identifying information to companies, individuals or groups that are not affiliated with Transparent Value. For example if you ask to transfer assets from another financial institution to Transparent Value, we will need to provide certain information about you to that company to complete the transaction. To alert you to other Transparent Value investment products and services, we may share your information within the Transparent Value family of affiliated companies. This would include, for example, sharing your information within Transparent Value so we can make you aware of new funds or the services offered through another Transparent Value affiliated company. In certain instances, we may contract with nonaffiliated companies to perform services for us. Where necessary, we will disclose information we have about you to these third parties. In all such cases, we provide the third party with only the information necessary to carry out its assigned responsibilities and only for that purpose. And we require these third parties to treat your private information with the same high degree of confidentiality that we do.
In certain instances, we may share information with other financial institutions regarding individuals and entities in response to the U.S.A. Patriot Act.
We will release information about you if you direct us to do so, if we are compelled by law to do so, or in other circumstances as permitted by law (for example, to protect your account from fraud).
If you decide at some point either to close your account(s) or to become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.
We do not sell your personal information to anyone. The law allows you to “opt out” of only certain kinds of information sharing with third parties. The firm does not share personal information about you with any third parties that triggers this opt-out right. This means YOU ARE ALREADY OPTED OUT.
How We Protect Privacy Online
How We Safeguard Your Personal Information
We restrict access to nonpublic personal information about shareholders to our employees and in some cases to third parties (for example, the service providers described above) as permitted by law. We maintain strict physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
We’ll Keep You Informed
Copyright, Trademarks and Patent Pending
The works of authorship contained herein, including but not limited to all design, text, images and sound are owned, except as otherwise expressly stated, by Transparent Value, L.L.C. or one of its affiliates. Except as otherwise expressly stated herein, they may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use or otherwise used in whole or in part in any manner without the owner's prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. § 107), as amended, and then, only with notices of the owner's proprietary rights. Except for any third-party exchange data, you may download information and print out a copy for your personal use, so long as you do not remove any copyright or other notice as may be contained in the information as downloaded.
Transparent Value, Required Business Performance, RBP and the Transparent Value logo are registered trademarks of Transparent Value, L.L.C. and its affiliates. "See the market clearly" is a trademark of Transparent Value, L.L.C. and its affiliates. Other featured words or symbols used to identify the source of goods and services may be the trademarks of their respective owners.
Apple, iPod, and iPhone are registered trademarks of Apple, Inc. The products and services offered by Transparent Value, LLC are not in any way endorsed by, sponsored by, approved by, or affiliated with Apple, Inc.
eBay is a registered trademark of eBay, Inc. The products and services offered by Transparent Value, LLC are not in any way endorsed by, sponsored by, approved by, or affiliated with eBay, Inc.
Facebook Corporation. The products and services offered by Transparent Value, LLC are not in any way endorsed by, sponsored by, approved by, or affiliated with FedEx Corporation.
Google is a registered trademark of Google, Inc. The products and services offered by Transparent Value, LLC are not in any way endorsed by, sponsored by, approved by, or affiliated with Google, Inc.
Patent Pending Notice Transparent Value, L.L.C. has filed a patent application with the United States Trademark and Patent Office.