Schwab OneSource Adds Three Guggenheim Funds

Three Guggenheim Partners Transparent Value Mutual Funds have been added to the Schwab Mutual Fund OneSource service.

The three funds are the Transparent Value Dow Jones RBP U.S. Large-Cap Aggressive Index Fund, Transparent Value Dow Jones RBP U.S. Large-Cap Defensive Index Fund and the Transparent Value Dow Jones RBP U.S. Large-Cap Market Index Fund. RBP stands for Required Business Performance, which is the measurement of a company’s business performance implied in the stock.

“The uniqueness of the funds is derived from their relationship with the Dow Jones RBP Indexes, said Julian Koski, co-founder of the Transparent Value funds in 2003. “The innovation is that the funds behave as if they are actively managed, but they maintain the transparency and rules of an index fund.” 

Guggenheim bought a controlling interest in Transparent Value in 2009.

Schwab’s “recognition of these funds validates our belief that investors will be attracted to Transparent Value’s unique approach to index design and company valuation,” said Scott Minerd, chief investment officer of Guggenheim Partners.

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