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 New Age Alpha, LLC, Transparent Value
Advisors, LLC (“TVA”) and/or Guggenheim Partners, LLC. TVA and ADI are not affiliated
with S&P Dow Jones Indices. Transparent Value Funds are distributed by ALPS Distributors,
Inc (“ADI”).