Transparent Value Directional Allocation Fund

Fund Fees

Updated 01.28.2014

Maximum Sales Fees %
Initial
Deferred

Updated 01.28.2014

Maximum Fees %
Administrative
Management 0.95
Redemption

Updated 01.28.2014

Actual Fees %
12b-1 0.25
Management 0.95
Net Expense Ratio: Annual Report 1.35
Net Expense Ratio: Prospectus 1.35

Updated 03.05.2014

Total Cost Projections
3-Year $459.00
5-Year $804.00
10-Year $1,776.00

Purchase Information

Updated 01.28.2014

Minimum Investments
Initial $5,000.00
Additional $100.00
Initial IRA $5,000.00
Additional IRA $100.00
Initial AIP $100.00
Additional AIP $100.00