Exhibit (d)(2)(b) TRANSPARENT VALUE TRUST AMENDMENT TO EXPENSE LIMITATION AGREEMENT
Exhibit (d)(2)(b)
AMENDMENT TO
THIS AMENDMENT is made as of January 28, 2011 by and between Guggenheim Investment Management LLC (“GIM”) and Transparent Value Trust (the “Trust”).
WHEREAS, GIM AND the Trust have entered into an Expense Limitation Agreement (the “Agreement”) dated March 15, 2010;
WHEREAS, the Board of Trustees of the Trust approved on November 11, 2010, four (4) new series under the Trust; and
WHEREAS, in light of the foregoing, GIM and the Trust wish to modify the provisions of the Agreement to reflect revised Schedule A.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as follows:
| 1. | Schedule A. Schedule A will be replaced in its entirety with the attached Schedule A . |
| 2. | Remainder of the Agreement. Except as specifically set forth herein, all other provisions of the Agreement shall remain in full force and effect. Any items not herein defined shall have the meaning ascribed to them in the Agreement. |
IN WITNESS WHEREOF, THIS Amendment has been executed by a duly authorized representative of each the parties hereto as of the date of this Amendment first set forth above.
GUGGENHEIM INVESTMENT MANAGEMENT LLC
| By: |
/s/ Xxxxxxx X. Xxxxxx | |
| Name: |
Xxxxxxx X. Xxxxxx | |
| Title: |
Senior Managing Director |
| By: |
/s/ Xxxxx Xxxx | |
| Name: |
Xxxxx Xxxx | |
| Title: |
President |
SCHEDULE A
As Amended January 28, 2011
MAXIMUM ANNUAL OPERATING EXPENSE LIMITS
This Agreement relates to the following Funds of the Trust:
| Fund |
Share Class |
Maximum Annual Operating Expense Limit | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Aggressive Index |
Class A Shares |
1.50% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Aggressive Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Aggressive Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Aggressive Index |
Class C Shares |
2.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Defensive Index |
Class A Shares |
1.50% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Defensive Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Defensive Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Defensive Index |
Class C Shares |
2.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Market Index |
Class A Shares |
1.50% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Market Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Market Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Market Index |
Class C Shares |
2.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Growth Index |
Class A Shares |
1.50% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Growth Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Growth Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Growth Index |
Class C Shares |
2.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Value Index |
Class A Shares |
1.50% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Value Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Value Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Value Index |
Class C Shares |
2.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Core Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Core Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Large-Cap Core Index |
Class C Shares |
2.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Dividend Index |
Class A Shares |
1.50% | ||
| Transparent Value Dow Xxxxx RBP U.S. Dividend Index |
Class F-1 Shares |
1.35% | ||
| Transparent Value Dow Xxxxx RBP U.S. Dividend Index |
Class I Shares |
1.10% | ||
| Transparent Value Dow Xxxxx RBP U.S. Dividend Index |
Class C Shares |
2.10% |
