RBP^®

The revenue growth necessary to support the current stock price. Required Business Performance^® is calculated using third-party valuation models including discounted cash flow that use the current stock price as the primary input.

RBP^® Probability

The likelihood that management will deliver the Required Business Performance^® to support the stock price. It is calculated by fitting the company’s historical revenue growth to a distribution, then finding the company’s Required Business Performance within this historical distribution.

RBP^® Methodology

Uses third-party valuation models including discounted cash flow to determine what the stock’s current price implies in terms of future free cash flow and revenue (Required Business Performance^® ) as well as the calculation of the likelihood that management can deliver the Required Business Performance^®, known as RBP^® Probability.

S&P Dow Jones Notices

Guggenheim RBP^® Blended Index^SM and Guggenheim RBP Large-Cap Defensive 100 Index^SM (the "Indices") are the property of Guggenheim Partners Investment Management, LLC and its affiliates (collectively, "Guggenheim") which has licensed them to New Age Alpha LLC which has contracted with S&PDJI to maintain and calculate the Indices. The S&P 2-Year U.S. Treasury Note Futures Total Return Index is the property of S&P and/ or their third-party licensors and has been licensed by S&PDJI for use by New Age Alpha in connection with the Indices. S&PDJI shall have no liability for any errors or omissions in calculating the Indices.Guggenheim has no liability for the Indices or the use thereof.

Use of Guggenheim Licensed Marks

REQUIRED BUSINESS PERFORMANCE and RBP are registered trademarks of Transparent Value, LLC., an affiliate of Guggenheim.