Transparent Value LLC (“Transparent Value”) was established in 2003 as an asset
management and financial services company seeking to enable investors to see the
market clearly by introducing a transparent new way to invest. We have a highly
differentiated and disciplined investment approach that seeks to combine the benefits
of both active and passive investing. We have accomplished this by partnering with
S&P Dow Jones Indices to create the Transparent Value IndicesSM,
which rely on Transparent Value’s proprietary Required Business Performance® Methodology in their construction.
Our product, the Required Business Performance®
(RBP®) Methodology, seeks to uncover the meaning behind stock prices. By using the
current stock price as the primary input in its analysis, the RBP® Methodology works
backwards to determine the likelihood management will deliver the Required Business
Performance to support the stock price. We believe that knowing this also allows
us to determine the likelihood that investors' systematic behavioral biases have
caused misalignment between the stock price and management’s ability to deliver.
The RBP® Institute is the investment advisory division of Transparent Value. Its
goal is to provide both investment professionals and individual independent investors
with the tools to reveal the meaning of current stock prices. The RBP® Institute
also serves a portal for access to RBP® Analysis Platform (RAP), an interactive database
and decision support tool. The platform includes access to RBP® analysis of over
2000 global stocks and 1800 mutual funds, ETFs, UITs and closed-end funds. It also
houses proprietary stock research, market analysis and information about Transparent
Value investment products and indexes.