Armen Arus
Managing Director & Co-Chief Executive Officer


Mr. Arus is Co-Chief Executive Officer of Guggenheim Transparent Value, LLC and its subsidiaries, President of Transparent Value Trust, and a Managing Director of Guggenheim Investment Management, LLC. He directs Transparent Value’s product and corporate operations, and product development activities. In addition, Mr. Arus contributes to the development of Transparent Value’s business strategy, investment processes, and distribution activities, and is responsible for developing the marketing strategy and plan. He is also a member of the board of Guggenheim Transparent Value, LLC.

Mr. Arus has 13 years of experience in asset management, investment research and investment banking. Before co-founding Transparent Value in 2003, he was with Financial Resource Group LLC, a boutique investment banking and private equity firm, where he worked on all aspects of executing private equity, M&A, and bridge-financing transactions. From 1999 to 2000, Mr. Arus worked as an Analyst at the Acquisition Finance group of Chase Securities, Inc., where he recommended capital structure and financing strategies to private equity clients and conducted qualitative and quantitative analyses for leveraged buyouts and M&A transactions. From 1996 to 1998, Mr. Arus worked at the Commercial Mortgage Backed Securities Group of Lehman Brothers Inc., where he was responsible for evaluating and analyzing real estate investment projects, and for building valuation models for mortgage-backed assets. At Lehman, he also performed sensitivity analyses to help model the hypothetical behavior of assets aggregated in securitized instruments.

Mr. Arus holds a Bachelor of Science in Finance from the New York University Stern School of Business.

Glossary
The Funds are new and have limited operating history. An investment in the Funds involves risks, including loss of principal. No assurance can be given that the investment objectives described herein will be achieved.

ADI is not affiliated with Guggenheim Investment Management, LLC, Transparent Value Advisors, LLC (“TVA”) and/or Guggenheim Partners, LLC. TVA and ADI are not affiliated with Dow Jones. Transparent Value Funds are distributed by ALPS Distributors, Inc (“ADI”).

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