497 1 d497.htm TIMOTHY PLAN FAMILY OF FUNDS PROSPECTUS SUPPLEMENT Timothy Plan Family of Funds Prospectus Supplement

Supplement Dated May 10, 2007

To

Timothy Plan Prospectus

Dated May 1, 2007

 

This Prospectus offers the following series of the Trust (the “Traditional Funds”):

 

TIMOTHY PLAN AGGRESSIVE GROWTH FUND   TIMOTHY PLAN LARGE/MID CAP VALUE FUND
     
TIMOTHY PLAN INTERNATIONAL FUND   TIMOTHY PLAN FIXED INCOME FUND
     
TIMOTHY PLAN LARGE/MID CAP GROWTH FUND   TIMOTHY PLAN HIGH YIELD BOND FUND
     
TIMOTHY PLAN SMALL CAP VALUE FUND   TIMOTHY PLAN MONEY MARKET FUND

 

And the following series of the Trust that invest in certain Traditional Funds (collectively, the “Asset Allocation Funds”):

 

TIMOTHY PLAN STRATEGIC GROWTH FUND

 

TIMOTHY PLAN CONSERVATIVE GROWTH FUND

 

The Prospectus of the Timothy Plan Family of Funds is amended as follows:

 

The Section of the prospectus entitled Class A Shares, containing tables describing the sales charges applicable to purchases of Class A shares of the Funds, beginning on page 20 of the Prospectus, is amended by adding the following language and additional tables:

 

CLASS A SHARES

 

Class A shares are offered at their public offering price, which is net asset value per Class A share plus the applicable sales charge. The sales charge varies, depending on which Fund you choose and how much you invest. There are no sales charges on reinvested distributions. Effective June 1, 2007, for all Funds except the Fixed Income Fund, High Yield Bond Fund, and the Money Market Fund, the following sales charges(1) apply:

 

Amount Invested

      As a % of
Offering Price
      As a % of
Amount Invested
      Dealer Concession as a
Percentage of Offering Price
  

up to $50,000

      5.50 %    5.82 %    5.00 %

$50,000 to 99,999

      4.50 %    4.71 %    4.00 %

$100,000 to 249,999

      3.50 %    3.63 %    3.00 %

$250,000 to 499,999

      2.50 %    2.56 %    2.00 %

$500,000 to 999,999

      1.50 %    1.52 %    1.00 %

$1,000,000 and up (2)

      0.00 %    0.00 %    0.00 %

 

 

Effective June 1, 2007, the following sales charges(1) apply to the Fixed Income Fund and High Yield Bond Fund:

 

Amount Invested

      As a % of
Offering Price
      As a % of
Amount Invested
      Dealer Concession as a
Percentage of Offering Price
  

up to $50,000

      4.50 %    4.71 %    4.00 %

$50,000 to $ 99,999

      3.75 %    3.90 %    3.25 %

$100,000 to $249,999

      2.75 %    2.83 %    2.25 %

$250,000 to $499,999

      2.00 %    2.04 %    1.50 %

$500,000 to $749,999

      1.25 %    1.27 %    0.75 %

$750,000 to $999,999

      1.00 %    1.01 %    0.50 %

$1,000,000 and up (3)

      0.00 %    0.00 %    0.00 %

 

(1) There are no sales charges on exchanges of A class shares of a Timothy Plan Fund for Class A shares of any other Timothy Plan Fund. There are no sales charges for the Money Market Fund.
(2) The Trust’s Distributor, Timothy Partners, Ltd., will pay a finders fee of 1% of the proceeds invested to brokers that purchase shares of the Funds in amounts from $1 million to $2 million, 0.75% on the next $1 million, 0.50% on the next $2 million, and 0.25% on all mounts in excess of $5 million. In such cases, those purchases will be subject to a contingent deferred sales charge of 1% for 18 months after the date of purchase.
(3) The Trust’s Distributor, Timothy Partners, Ltd., will pay a finders fee of 0.50% of the proceeds invested to brokers that purchase shares of the Funds in amounts from $1 million to $4 million, and 0.25% on all mounts in excess of $4 million. In such cases, those purchases will be subject to a contingent deferred sales charge of 1% for 18 months after the date of purchase.

 

From May 1, 2007 through close of business on May 31, 2007, for all Funds except the Fixed Income Fund, High Yield Bond Fund, and the Money Market Fund, the following sales charges(1) apply:

 

Amount Invested

      As a % of
Offering Price
      As a % of
Amount Invested
      Dealer Concession as a
Percentage of Offering Price
  

up to $50,000

      5.25 %    5.54 %    5.00 %

$50,000 to 99,999

      4.25 %    4.44 %    4.00 %

$100,000 to 249,999

      3.25 %    3.34 %    3.00 %

$250,000 to 499,999

      2.00 %    2.04 %    1.75 %

$500,000 to 999,999

      1.00 %    1.01 %    0.75 %

$1,000,000 and up

      0.00 %    0.00 %    0.00 %

 

From May 1, 2007 through close of business on May 31, 2007, the following sales charges(1) apply to the Fixed Income Fund and High Yield Bond Fund:

 

Amount Invested

      As a % of
Offering Price
      As a % of
Amount Invested
      Dealer Concession as a
Percentage of Offering Price
  

up to $50,000

      4.25 %    4.44 %    4.00 %

$50,000 to $ 99,999

      3.50 %    3.63 %    3.25 %

$100,000 to $249,999

      2.50 %    2.56 %    2.25 %

$250,000 to $499,999

      1.50 %    1.52 %    1.25 %

$500,000 to $999,999

      0.75 %    0.76 %    0.50 %

$1,000,000 and up

      0.00 %    0.00 %    0.00 %

 

All portions of the Prospectus not specifically amended by this supplement shall remain in full force and effect.

 

The Section of the prospectus entitled Purchasing Shares By Wire Transfer, containing wiring instructions for the purchase of shares, is amended to change the Account # under item 4 to: 130107148194.

 

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