Julian Koski is the Co-Founder and CIO of New Age Alpha LLC and is the co-developer of the h-factor methodology. He also directs the firm’s business development, marketing, and distribution activities. Before founding New Age Alpha LLC in 2018, he was the Co-Chief Executive Officer of Transparent Value, LLC and Transparent Value Advisors, LLC from 2003 to 2015. He attended the University of Witwatersrand and the University of South Africa.

Armen Arus is the Co-Founder and CEO of New Age Alpha LLC. Before founding New Age Alpha LLC in 2018, he was the Co-Founder and Co-Chief Executive Officer of Transparent Value, LLC and Transparent Value Advisors, LLC from June 2003 to July 2017. Mr. Arus served as President of Transparent Value Trust from 2010 to 2015. Mr. Arus holds a B.S. in Business from New York University.

Burak Hurmeydan, Ph.D., is a Managing Director and Head of Quantitative Strategies for the Adviser. Before joining New Age Alpha in 2024 he was a Portfolio Manager at Guggenheim Partners, joining in 2011. Before Guggenheim, he was a Quantitative Risk/Research Analyst with Citadel Asset Management, joining in 2008. He earned his B.S. in Economics from Eastern Mediterranean University and an M.S. degree in Economics from Louisiana State University. Dr. Hurmeydan earned a Ph.D. in Economics with a specialization in Financial Econometrics from Louisiana State University.

Konstantin Tourevski a Senior Portfolio Manager of the Adviser and has been in that role since 2019. From 2003 to 2019, Mr. Tourevski served various senior investment roles at Loews Corporation. Prior to that, Mr. Tourevski was an investment analyst at JP Morgan Asset Management. Mr. Tourevski holds a BA in Economics from New York University and an MBA from Columbia Business School; he is also a CFA Charterholder.

Hugo Chang is a Senior Managing Director of New Age Alpha in charge of Index Development. Before New Age Alpha, he held similar responsibilities at Invesco Indexing and as Vice President for Guggenheim Partners. Mr. Chang has also served as Senior Research Analyst for S&P Dow Jones Indices and was instrumental in custom index research and analytics. Mr. Chang has a master’s degree in Financial Engineering from the University of California, Berkeley and is a CFA Charterholder and Financial Risk Manager.

Gennadiy Khayutin is responsible for the development of portfolio strategy of the Funds. He has served as a Portfolio Manager of the Funds since June 30, 2013. Mr. Khayutin is a Senior Portfolio Manager of the Transparent Value Advisors, LLC (Sub-Adviser) and Managing Director of Guggenheim Partners Investment Management, LLC (Adviser). Prior to joining the Adviser and Sub-Adviser in May 2005, Mr. Khayutin was with Goldman Sachs & Co.’s Healthcare Group where he was responsible for structured debt products for a variety of healthcare and higher educational clients. He holds a Bachelor of Science in Finance and Information Systems from New York University.