As of September 3, 2010

Each day Transparent Value uses an algorithm to select ten stocks from its database of over 1300 stocks, and adds four additional stocks that do not change daily: Apple, Ebay, Google and FedEx. The algorithm does not select stocks on the basis of performance but on the basis of the RBP probability. Transparent Value discusses these fourteen stocks on its website. The fund shown above may own one or more of these fourteen stocks, as indicated above. The fund holds many other stocks not shown in the table above.

Any reference on this Transparent Value website to a specific equity security is for illustrative purposes only. The RBP methodology and RBP probability should not be regarded as a recommendation to buy sell or hold any security for any person. The RBP probability is not designed, and is not recommended, as a method of individual stock selection and is not intended to rank or compare the performance of any security. The RBP probability does not attempt to address generally how any Transparent Value portfolio or investment has fared. It should not be assumed that securities selected for inclusion in any Transparent Value investment in the future will equal the performance of any security referenced in this illustration.