Guggenheim RBP Large-Cap Value Fund, Class P
TVVFX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 702 King Farm Boulevard Rockville MD United States of America 20850
- IPO Date
- Apr 18, 2011
- CIK
- 0001465886
- Similar Companies
- Business
- Guggenheim RBP Large-Cap Value Fund, Class P (TVVFX) is an open-end mutual fund that seeks investment results corresponding to the total return performance of the Guggenheim RBP Large-Cap Value Index, investing at least 80% of its net assets in securities of large-capitalization companies exhibiting value characteristics as determined by Guggenheim's proprietary Required Business Performance (RBP) methodology. The fund employs a rules-based quantitative approach utilizing reverse discounted cash flow analysis to assess RBP probabilities, focusing on optimizing expected returns while managing risk through constraints on tracking error, turnover, factor exposures, and individual weights; its portfolio typically emphasizes sectors such as financial services (approximately 19%), industrials (16%), healthcare (12%), and consumer defensive (11%), with holdings in common stocks of large-cap U.S. companies. Available through Guggenheim Investments, part of Guggenheim Partners headquartered in Chicago and founded in 1996, the Class P shares feature a net expense ratio of 0.75%, high turnover of 132%, and assets under management of approximately $4.5 million as of late 2024; it targets institutional and retail investors seeking large-value equity exposure primarily in the United States. In June 2024, Guggenheim Investments announced a definitive agreement to sell its actively managed equity funds business, including the Guggenheim RBP Large-Cap Value Fund across all share classes, to New Age Alpha Advisors, LLC, affecting funds with $2.6 billion in assets; the transaction closed on October 25, 2024, following shareholder approval at a special meeting on October 24, 2024, resulting in the merger of TVVFX (CUSIP 89386C738) and its sister classes (A: TVVAX, C: TVVCX, I: TVVIX) into the New Age Alpha Large Cap Value Fund Class P (SEGPX, CUSIP 64157H802), with no change to fund symbols or tax IDs but updated CUSIPs and management. Prior to closing, the fund distributed capital gains on October 22, 2024, including short-term gains of 0.167 and long-term gains of 0.696 per share for TVVFX, reflecting a total distribution impact of about 7.80% on NAV; the reorganization qualified as a tax-free event under IRC Section 368, preserving shareholders' basis and holding periods. Post-reorganization, New Age Alpha, an investment manager leveraging actuarial science, data analytics, and technology, now oversees the combined large-cap value strategy, with continued availability through platforms like Security Benefit Life and Nationwide for variable insurance trusts.