TVFDX — Guggenheim RBP Large-Cap Defensive Fund
Data updated: 2024-12-13
TVFDX — Guggenheim RBP Large-Cap Defensive Fund. United States Large Cap Value Equity · $7.53M AUM. Holdings, fees, performance and SEC filings.
TVFDX Fund Overview
TVFDX — Guggenheim RBP Large-Cap Defensive Fund is a US mutual fund managed by Transparent Value Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Transparent Value Trust
- Category: United States Large Cap Value Equity
- Assets under management: $7.53M
- 1-year return: 33.5%
- Ticker: TVFDX
- SEC CIK: 0001465886
- SEC series ID: S000026442
- Share class ID: C000079342
TVFDX Investment Objective and Strategy
Guggenheim RBP Large-Cap Defensive Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Transparent Value Trust.
Investment objective
The Funds investment objective is to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Guggenheim RBP Large-Cap Defensive Index SM (the Defensive Index or Index).
Principal investment strategy
"The Fund uses a passive management strategy designed to track the total return performance (before fees and expenses) of the Defensive Index. The Defensive Index consists of common stock of companies, and units of beneficial ownership in real estate investment trusts (""REITs""), in the Dow Jones U.S. Large-Cap Total Stock Market Index SM that Transparent Value, LLC , an affiliate of the Investment Manager, has selected for inclusion in the Index by applying Required Business Performance (RBP ) Probability scores (as defined below). The RBP Probability scores are derived from a quantitative process of Transparent Value, LLC. The RBP Probability scores are intended to measure the future business performance required of a company to support its stock price and to indicate the probability that the company will actually achieve that performance.
The Defensive Index focuses on companies in the Dow Jones U.S. Large-Cap Total Stock Market Index SM that are believed to have below average economic and market sensitivity, below average exposure to market volatility and a high RBP probability. As of December 31, 2017, the Defensive Index was composed of 100 securities. A description of the Indexs methodology is available directly from Transparent Value, LLC (http://www.rbpinstitute.com). The Fund will generally invest in all of the securities comprising the Index in proportion to the weightings in the Index. Under various circumstances where it may not be possible or practicable (that is, in instances when a security in the Index becomes temporarily illiquid, unavailable or less liquid, or due to legal restrictions (for instance tax diversification requirements that apply to the Fund but not the Index or the Investment Manager is restricted from purchasing securities of a particular company on behalf of the Fund)) to purchase all of the securities in the Index or amounts of such securities in proportion to their weighting in the Index, Guggenheim will utilize a sampling methodology.
Sampling means that quantitative analysis is used to select securities that represent a sample of the securities in the Index with a similar investment profile as the Index in terms of key risk factors, performance attributes and other characteristics. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of borrowings for investment purposes, in securities of large-capitalization companies that comprise the Index at the time of initial purchase. This investment policy may be changed by the Fund upon 60 days prior notice to shareholders. The Index is rebalanced quarterly. In addition, the Index is reviewed on an ongoing basis to account for corporate actions such as mergers or de-listings. The Investment Manager may sell securities that are represented in the Index, or purchase securities that are not yet represented in the Index, in anticipation of their removal from or addition to the Index.
Large-capitalization companies are those that constitute the Dow Jones U.S. Large-Cap Total Stock Market Index SM . As of December 31, 2017, market capitalizations of companies included in the Defensive Index ranged from approximately $4.2 billion to $375.4 billion. The Fund also may invest up to 20% of its net assets in common stocks and REITs not included in the Index, but which the Investment Manager believes will help the Fund track the Index, as well as in exchange-traded funds (""ETFs""), futures, put and call options, interest rate, index and total return swap contracts, cash and cash equivalents. Such investments are intended to improve liquidity, reduce transaction costs and help the Fund stay fully invested, and are not intended to be used for hedging or speculative investment purposes.
The Investment Manager does not invest Fund assets based on its opinion of a security, instrument or company. The Fund will concentrate its investments ( i.e., hold 25% or more of its total assets) in a particular industry or sector to approximately the same extent that the Index is so concentrated. The Board may change the Funds investment objective, investment strategy, Index and other policies without shareholder notice or approval, except as otherwise indicated. Due to its investment strategies, the turnover rate of the Fund should generally be similar to the turnover rate of the Index. As a result, the Fund may buy and sell securities frequently. This may result in higher transaction costs and additional capital gains liabilities than for a fund with a buy and hold strategy. Higher transaction costs may negatively impact the Funds performance.
Under adverse, unstable or abnormal market conditions, the Fund could invest some or all of its assets in cash, fixed-income instruments, government bonds, money market instruments, repurchase agreements or securities of other investment companies. The Fund may be unable to pursue or achieve its investment objective during that time and temporary investments could reduce the benefit from any upswing in the market."
TVFDX Holdings
Top 10 holdings of Guggenheim RBP Large-Cap Defensive Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corp | 7.37% |
| NVIDIA Corp | 5.25% |
| Apple Inc | 5.12% |
| Alphabet Inc | 4.81% |
| Amazon.com Inc | 4.21% |
| Meta Platforms Inc | 3.88% |
| Eli Lilly & Co | 2.66% |
| JPMorgan Chase & Co | 2.58% |
| Visa Inc | 2.21% |
| Mastercard Inc | 2.20% |
TVFDX Portfolio Allocation
Asset-class allocation of Guggenheim RBP Large-Cap Defensive Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
TVFDX Performance
Total returns for TVFDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 33.5% |
| 3 years (annualised) | 8.4% |
| 5 years (annualised) | 9.0% |
TVFDX Risk Information
Risk metrics for TVFDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 10.7%
TVFDX Costs and Fees
TVFDX costs about $118 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.18%
- Gross expense ratio: 3.32%
- Portfolio turnover: 68%
- Brokerage commissions: 0.95 bps of average net assets (SEC N-CEN)
TVFDX Cashflows
Over the 12 months to 2024-09, Guggenheim RBP Large-Cap Defensive Fund had net outflows of $2.03M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$72.26K |
| 2024-08 | −$203.29K |
| 2024-07 | −$297.77K |
| 2024-06 | −$298.11K |
| 2024-05 | −$68.41K |
| 2024-04 | −$36.31K |
TVFDX Debt Constituents
No individual debt constituents are reported in Guggenheim RBP Large-Cap Defensive Fund's latest SEC N-PORT filing.
TVFDX Prospectus and SEC Filings
Official Guggenheim RBP Large-Cap Defensive Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-29
- Prospectus supplement (497) — filed 2024-02-02
- Prospectus supplement (497) — filed 2023-05-25
- Portfolio holdings (N-PORT) — filed 2024-11-29
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Portfolio holdings (N-PORT) — filed 2024-05-30
- Annual census (N-CEN) — filed 2024-12-13
- Annual census (N-CEN) — filed 2023-12-12
Related Funds
Other United States Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.