AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • November 15th, 2024 • New Age Alpha Variable Funds Trust • Delaware
This Agreement and Plan of Reorganization (“Agreement”) is made as of October 25, 2024, by and between Guggenheim Variable Funds Trust (the “Acquired Fund Trust”), a Delaware statutory trust, on behalf of its series, Series A (StylePlus—Large Core Series) (the “Acquired Fund”), and New Age Alpha Variable Funds Trust (the “Acquiring Fund Trust”), a Delaware statutory trust, on behalf of its series, NAA Large Core Series (the “Acquiring Fund” and, together with the Acquired Fund, the “Funds”). New Age Alpha Advisors, LLC (the “Acquiring Fund Adviser”), a Delaware limited liability company, joins this Agreement solely for purposes of paragraphs 5.13 and 8.2; Security Investors, LLC (the “Acquired Fund Adviser”), a Kansas limited liability company, joins this Agreement solely for purposes of paragraph 8.2.
