0001193125-15-153116 Sample Contracts

EXPENSE LIMITATION AGREEMENT
Expense Limitation Agreement • April 28th, 2015 • Transparent Value Trust

EXPENSE LIMITATION AGREEMENT, effective as of April 30, 2015 by and between Guggenheim Partners Investment Management, LLC (the “Adviser”) and Transparent Value Trust (the “Trust”) (the “Agreement”), on behalf of each series of the Trust set forth in Schedule A attached hereto (each a “Fund,” and collectively, the “Funds”).

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