Timothy Plan - Defensive Strategies Fund

0001193125-11-275686.txt : 20111020 0001193125-11-275686.hdr.sgml : 20111020 20111020112334 ACCESSION NUMBER: 0001193125-11-275686 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20111020 DATE AS OF CHANGE: 20111020 EFFECTIVENESS DATE: 20111020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIMOTHY PLAN CENTRAL INDEX KEY: 0000916490 IRS NUMBER: 597016828 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-73248 FILM NUMBER: 111149535 BUSINESS ADDRESS: STREET 1: 1055 MAITLAND CENTER COMMONS CITY: MAITLAND STATE: FL ZIP: 32759 BUSINESS PHONE: 4076441986 MAIL ADDRESS: STREET 1: 1055 MAITLAND CENTER COMMONS CITY: MAITLAND STATE: FL ZIP: 32759

0000916490 S000026812 Timothy Plan Defensive Strategies Fund

C000080683 Class A TPDAX

C000080684 Class C TPDCX

497 1 d242844d497.htm TIMOTHY PLAN - DEFENSIVE STRATEGIES FUND Timothy Plan - Defensive Strategies Fund

DAVID JONES & ASSOC., P.C.

Law Firm

395 Sawdust, # 2148

The Woodlands, TX 77380

P (281) 702-2137

F (877) 639-0675

October 20, 2011

VIA EDGAR

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Re:	Timothy Plan, 497 Supplemental Filing

Securities Act File No. 033-73248

Investment Company Act File No. 811-08228

Ladies and Gentlemen:

On behalf of the above-referenced registrant, Attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in a supplement filed with the Securities and Exchange Commission on September 28, 2011 (Accession No. 0000910472-11-001846), to the Prospectus dated January 31, 2011, for the Timothy Plan Family of Funds Prospectus.

We have reviewed the proposed filing, and we represent it does not contain disclosures that would render it ineligible to become effective pursuant to Rule 497.

Any questions or comments on the Amendment should be directed to the undersigned at the above-listed number.

Very truly yours,

DAVID JONES & ASSOC., P.C.

David D. Jones

EX-101.INS 2 cik0000916490-20110928.xml XBRL INSTANCE DOCUMENT 0000916490 cik0000916490:S000026812Member 2011-01-31 2011-01-31 0000916490 2011-01-31 2011-01-31 <div> Supplement Dated September 27, 2011 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2011 The Summary/Statutory Prospectus of the Timothy Plan Family of Funds, dated January 31, 2011, is amended as follows: The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Investment Strategies", appearing on pages 34 and 55, is deleted and replaced in its entirety with: PRINCIPAL INVESTMENT STRATEGIES Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation. Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange. Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities. Cash and cash equivalents. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents. The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles. Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified". The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Risks", appearing on pages 35 and 55, is deleted and replaced in its entirety with: PRINCIPAL RISKS 1. General Risk | As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them. 2. Real Estate Investment Trust Risk | The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs. 3. Commodities-based Exchange Traded Funds | Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost. 4. Treasury-Inflation Protection Securities Risk | Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers. 5. Interest Rate Risk | When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk. 6. Credit Risk | The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities. 7. Sector Risk | If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer. 8. Excluded Security Risk | Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities. 9. Non-Diversification Risk | Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. 10. Who Should Buy This Fund | The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk.   ALL PORTIONS OF THE STATUTORY PROSPECTUS NOT CHANGED BY THIS SUPPLEMENT OR OTHER SUPPLEMENTS SHALL REMAIN IN FULL FORCE AND EFFECT. </div> <div> Supplement Dated September 27, 2011 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2011 The Summary/Statutory Prospectus of the Timothy Plan Family of Funds, dated January 31, 2011, is amended as follows: The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Investment Strategies", appearing on pages 34 and 55, is deleted and replaced in its entirety with: <div class="MetaData"> PRINCIPAL INVESTMENT STRATEGIES </div> <div class="MetaData"> Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation. Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange. Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities. Cash and cash equivalents. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents. The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles. Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified".</div> The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Risks", appearing on pages 35 and 55, is deleted and replaced in its entirety with: <div class="MetaData"> PRINCIPAL RISKS</div> 1. General Risk | As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them. 2. Real Estate Investment Trust Risk | The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs. 3. Commodities-based Exchange Traded Funds | Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost. 4. Treasury-Inflation Protection Securities Risk | Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers. 5. Interest Rate Risk | When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk. 6. Credit Risk | The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities. 7. Sector Risk | If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer. 8. Excluded Security Risk | Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities. 9. Non-Diversification Risk | Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. 10. Who Should Buy This Fund | The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk.   ALL PORTIONS OF THE STATUTORY PROSPECTUS NOT CHANGED BY THIS SUPPLEMENT OR OTHER SUPPLEMENTS SHALL REMAIN IN FULL FORCE AND EFFECT. </div> false 2011-09-28 2011-09-28 2011-09-28 Other 0000916490 TIMOTHY PLAN 2011-01-31 <div class="MetaData"> PRINCIPAL RISKS</div> As with most other mutual funds, you can lose money by investing in this Fund. <div> <div class="MetaData"> 1. General Risk | As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them. 2. Real Estate Investment Trust Risk | The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs. 3. Commodities-based Exchange Traded Funds | Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost. 4. Treasury-Inflation Protection Securities Risk | Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers. 5. Interest Rate Risk | When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk. 6. Credit Risk | The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities. 7. Sector Risk | If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer. 8. Excluded Security Risk | Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities. 9. <div class="MetaData"> Non-Diversification Risk | Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. </div> 10. Who Should Buy This Fund | The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk.</div> </div> <div class="MetaData"> Non-Diversification Risk | Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. </div> <div class="MetaData"> PRINCIPAL INVESTMENT STRATEGIES </div> <div> <div class="MetaData"> Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation. Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange. Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities. Cash and cash equivalents. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents. The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles. Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified".</div> </div> EX-101.SCH 3 cik0000916490-20110928.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Risk/Return Supplement {Unlabeled} - (Timothy Plan Defensive Strategies Fund) link:presentationLink link:calculationLink link:definitionLink 000200 - Disclosure - Risk/Return Detail Data {Elements} - (Timothy Plan Defensive Strategies Fund) link:presentationLink link:calculationLink link:definitionLink 000001 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 cik0000916490-20110928_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 5 cik0000916490-20110928_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Risk/Return: Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Document Creation Date Document Effective Date Prospectus Date Timothy plan [Abstract] Prospectus: Supplement [Text Block] Supplement [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Risk [Heading] Risk Narrative [Text Block] Risk Lose Money [Text] Risk Nondiversified Status [Text] Series [Axis] Series S000026812 Member Timothy Plan Defensive Strategies Fund EX-101.PRE 6 cik0000916490-20110928_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 7 g242844image001.jpg GRAPHIC begin 644 g242844image001.jpg M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$" M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#_\``$0@`*P`T`P$1``(1`0,1`?_$`(\```(!!`,!```````` M``````D*"``$!@Z_U]8E5S"U\0MA$F>I='"B92SY\>GF1T1J(" M&%ME\=C1:6B9GQ`IRFJ$47*I(0JA0`^.P%\V+=>=(=#F!7I?<`/4@4J+0V7& M;%5T@WBJB0'KI+7$*J1$N.?R`"B.41\-@``])G73?&_G<_N]%[8VCN\W7ZM# M'KRP*_EH9Q/8[&>EV)VMH[F4=;9ZYKPNUT$KE\TO?-7RJ=RTJE`-&UT3(Y$";9_56?K[;K$4?[S/]"VS%E5MA;FI4496>H66323,8+8!`M271ZO,ADTVIS[\NFR[K>YM5ER[C M#QWF&&7QPV@(4=0J\*A8YBKY250G#=%*F)S&'Q$=@#0N5<@V4-57U6.EHT%JFJ M,&`B2G02.JJ8">:ILI,`*&(F$<`V`@E&H^S4%S&IHDZ"3\Y=41;F2R0H2=1% M_-11MNC5+3QB$-*>Z.W'AS$S+'52I3`&5:K5S`)@\`/8]0:[T"]*N<'GUB M0[4UM1#"=9%<4P-K]G/MD=PB'73A(35D:026?ZMJHJ9E3%4:6D<5#E$=@'.]@`Q]!+J-;W#> MZ(U`8%DX[<"W=.G4`D0A2F=V.L>5J(AR+G,MI5*O$QC%#XE,H8"4VP$WNN4+ MXH]-L^=.GUDC4PN0P"S21L@4J.^M[-/6ID=*.L?8=4/L7K$Y,PU#DWD472K6 M]&IJ4QIMV5!45,!`2_O_`-8_=T;[CWBZG(UW#.BR3%Z6+9H2^'6OMQ9^Y;HA M(*N\TA4A+'92*19]@[=+)/<)1V,1N34642+ODQ46%,I%-W:NE.`).\R=_P"] M"_[`?7SITR7\!YZ])?4OG'3:/C?KCRY_#>;]3P3B/[%FPV@'70 M12##!,@95#*A@4/!0XG$YP_,85#8C^8=@.!^`3&*!SF.),29Q$"@'PYBE,.4 M@8>(X88C^.W/N3E!WIGD;S`X@[2"/5)*QC?'*/-58[--6D M90Z5305Z]*>IIET3*F$AB&`2"(X8;`9?P^CTVDTZ>FWN]W.`;O-JM9ER^6[W M_CE^7#PPP\-@+W8"W.JFB*6^.0JJQ@13^S>'\3%(7'[1VX7C24E7O-4JDZ:W MT7J;S5*T`3_<6[J-NNA")MZ7"QGURY2YNT9C#(WF-31NFDR#36.-$RN,CJ`3 MH*N7KC3D)3,-,H9RK15#(0"@([=8.3@G-4DU=9,NB=KH`FU=;%?VC>YNX%ZH MF&0M4AZ[>G"DZBNHE[]2HM*;:GOA`N-U,Z7B-?2&U+/"83;*$.39&VLB8UKH M\`B@> MA8Y6,F$3C46*+ ME7^ZO@'MJTW/J.7VY>R'^&>^'#?<4YR^KTF\S>.FV^BO@Y`5._9R!S!8+DK^ MOG4:^><0]F_N9]9/]DANO4OW`?MO).\S<'X9_P!+BN\^#)M`'D_\@NOU%],G HO2TNL0S.CR_4\-R8?38;`/6[`5L!__V3\_ ` end XML 8 R3.htm IDEA: XBRL DOCUMENT

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	TIMOTHY PLAN
Prospectus Date	rr_ProspectusDate	Jan. 31, 2011
Supplement [Text Block]	cik0000916490_SupplementTextBlock	Supplement Dated September 27, 2011 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2011 The Summary/Statutory Prospectus of the Timothy Plan Family of Funds, dated January 31, 2011, is amended as follows: The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Investment Strategies", appearing on pages 34 and 55, is deleted and replaced in its entirety with: PRINCIPAL INVESTMENT STRATEGIES Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation. Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange. Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities. Cash and cash equivalents. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents. The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles. Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified". The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Risks", appearing on pages 35 and 55, is deleted and replaced in its entirety with: PRINCIPAL RISKS 1. General Risk \| As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them. 2. Real Estate Investment Trust Risk \| The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs. 3. Commodities-based Exchange Traded Funds \| Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost. 4. Treasury-Inflation Protection Securities Risk \| Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers. 5. Interest Rate Risk \| When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk. 6. Credit Risk \| The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities. 7. Sector Risk \| If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer. 8. Excluded Security Risk \| Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities. 9. Non-Diversification Risk \| Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. 10. Who Should Buy This Fund \| The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk. ALL PORTIONS OF THE STATUTORY PROSPECTUS NOT CHANGED BY THIS SUPPLEMENT OR OTHER SUPPLEMENTS SHALL REMAIN IN FULL FORCE AND EFFECT.
Timothy Plan Defensive Strategies Fund
Risk/Return:	rr_RiskReturnAbstract
Supplement [Text Block]	cik0000916490_SupplementTextBlock	Supplement Dated September 27, 2011 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2011 The Summary/Statutory Prospectus of the Timothy Plan Family of Funds, dated January 31, 2011, is amended as follows: The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Investment Strategies", appearing on pages 34 and 55, is deleted and replaced in its entirety with: PRINCIPAL INVESTMENT STRATEGIES Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation. Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange. Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities. Cash and cash equivalents. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents. The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles. Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified". The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Risks", appearing on pages 35 and 55, is deleted and replaced in its entirety with: PRINCIPAL RISKS 1. General Risk \| As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them. 2. Real Estate Investment Trust Risk \| The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs. 3. Commodities-based Exchange Traded Funds \| Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost. 4. Treasury-Inflation Protection Securities Risk \| Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers. 5. Interest Rate Risk \| When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk. 6. Credit Risk \| The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities. 7. Sector Risk \| If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer. 8. Excluded Security Risk \| Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities. 9. Non-Diversification Risk \| Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. 10. Who Should Buy This Fund \| The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk. ALL PORTIONS OF THE STATUTORY PROSPECTUS NOT CHANGED BY THIS SUPPLEMENT OR OTHER SUPPLEMENTS SHALL REMAIN IN FULL FORCE AND EFFECT.
Strategy [Heading]	rr_StrategyHeading	PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block]	rr_StrategyNarrativeTextBlock	Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation. Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange. Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities. Cash and cash equivalents. The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents. The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles. Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified".
Risk [Heading]	rr_RiskHeading	PRINCIPAL RISKS
Risk Narrative [Text Block]	rr_RiskNarrativeTextBlock	1. General Risk \| As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them. 2. Real Estate Investment Trust Risk \| The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs. 3. Commodities-based Exchange Traded Funds \| Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost. 4. Treasury-Inflation Protection Securities Risk \| Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers. 5. Interest Rate Risk \| When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk. 6. Credit Risk \| The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities. 7. Sector Risk \| If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer. 8. Excluded Security Risk \| Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities. 9. Non-Diversification Risk \| Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed. 10. Who Should Buy This Fund \| The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk.
Risk Lose Money [Text]	rr_RiskLoseMoney	As with most other mutual funds, you can lose money by investing in this Fund.
Risk Nondiversified Status [Text]	rr_RiskNondiversifiedStatus	Non-Diversification Risk \| Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed.

XML 9 R4.htm IDEA: XBRL DOCUMENT

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Prospectus Date	rr_ProspectusDate	Jan. 31, 2011

XML 10 R1.htm IDEA: XBRL DOCUMENT

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	Other
Document Period End Date	dei_DocumentPeriodEndDate	Sep. 28, 2011
Registrant Name	dei_EntityRegistrantName	TIMOTHY PLAN
Central Index Key	dei_EntityCentralIndexKey	0000916490
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Sep. 28, 2011
Document Effective Date	dei_DocumentEffectiveDate	Sep. 28, 2011
Prospectus Date	rr_ProspectusDate	Jan. 31, 2011

XML 11 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'

'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'

'+ "\n"+' '+ "\n"+'

'+ "\n"+'

'+raw+'

'+ "\n"+'

'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } ZIP 12 0001193125-11-275686-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-11-275686-xbrl.zip M4$L#!!0````(`/9:5#^+0=)P.1(``+ZL```:`!P`8VEK,#`P,#DQ-C0Y,"TR M,#$Q,#DR."YX;6Q55`D``_\\H$[_/*!.=7@+``$$)0X```0Y`0``[5UI<]M& MTOZ>JOR'66Y5XE3Q$"4[B64Y6Y),)7QC2RJ2WN.3:P@,2:P!#((!)'%K?_S[ M=`].4CYD2[*5G1PE$AA,S_%T]],],^#!WZZB4%RHU`0Z?MX9]G]H-X M^;R3FYXT7A!T_O;+M]\<_*77^^?1Y*7PM9='*LZ$ERJ9*5]7G93ZFL*8KV/1WU M>H6T(VE0.YYCL7BTNG-<2-;QOACN#(9[@]V=X5`,A_M/?MK?W16'KVS1JWD: M"O0P-L\[#9%TN:_3)9[:V1L$L\W<$_3X<_/GZZTZH]"R*=K=9)*&,: M+>[YSM/=G\LG?;4A(3<#7",A3WL[P][>L"R9INV"1GG]I;X8I"E5NM/;V>VA M6HRC$`?4C7WCK50D)VHAN%O[V3I1SSLFB)*0AH.OK5*U>-YI-;]7-K%_9?R. M&-@::1IUG*DK`$5Y&?#!#>WSN?K*]D2*`,K^-@2Q-P>99#N:ZY/@H5 M&^%-W6D#)D\26VX&44>A]MZ*0NZ$U/2#H_]=F#WS@XOOEMDS09\38;)UB,&. M9+H,8'UWDJMG8H$J>R;XCX(UWDVR9QTAPV`)3'N0#(VCQ^GI.7VHVR1>L!&? MJB2SVK#[4U>07"H[F)=/#1+Z].TWWWYS2RW(M,A6&--,9GFFT[4XA^]*,(ZY M$7K!]^ZX!3-KP\4YC+@XD5$0KDGR21[[YHY%VS'_/QGG$CW?&W[BB->5IF)P MD^?*MOT[-U#$-=T]U;[;?6W[.*UW4]5"#6-EZ)`;FL<7J@%N9`+>A;:K):!,CPD7<&F+42_ M.^=I$'M!(D,QCB^4R:SIJ,IWND(FB9(I"4%C$KE$)7N/A8Q]\>0)CZ&O0D4# M3)=2!?KAX4L0BR`S+"A5V9JIX/T-;2_32:$#B?2)L_9"MX>72L*S766 MZ6A?[+U7)GTXGXQ/C\?GAR_%^/3OH^GLU>AT)J:SR>%L].MX-+V)56@TC:QM M+XC)\Y0MNPQ\C)-X_-,US>SMLDZ'6J(X=:?6-5+T4@PK_8)U8%\^N%?<8,ZAT@\61,"HL5XCI$9/LEH; M@E13)#5A`"G-2XL\`TH-`>`MH"_Z@OK%N&QTINZ'U3.ZG<+:&ZB$=86-PJ@^ MD7$AK]%,*3#R$$(]LZ/6')Y(FPSXY[;%U:!4TNP462\A!3DS,&]/$*2O^N+\ M0\//=6SVXJ.;)H.85+-H$V&$JB.CX?$S-P_T%]S?8ZB^@:_T(54(\#0A8%S`L M31/:&G,?2SNGQ.O^M%^-DY@'(7DO`+08P;EF#NQI&")B==NWZ.-"86`P%G!V ML;?N!<;D+;/J@'T3_R3-RGH(^J#^R(,+&1(&W2C>8!1G#2V`0TUU)#*TB$,= M_(4[D6_Q346$:R#?K\(=>-R`E-.T/`Z^DW5'[SDM72K9]Z9A"II>LHZ92*_E M6S(:(3H"R2:"A>@2[U07*H9&52+9_\0(/F.FI2"0J@S@#HF.BF,:0JOL,J/& ME^$;_#;,%1L;Z5->7!5N')P%;==1X'4A)@S8/K%P:Q)PT[?=[8M_K-"@VKE$&W*RY#[++]U61'FH,)%XZ#,L5ZF$I27*T33(\TZ(N,L*.;8BLW`Y%A5 M44R&N!!+9LMAL%`\7PZF-_):>B7;AJCA@0]_S?QO`L%>J,ITM:73+XT M;"8,,,9>707@.PBA:GM&[>9AHUP^\W@I.K&.>W[`BXUTM<,!!1.?+I7@1C?] M`>"X@*75!0&S/(L*-#20U,4Z`J)EFGH2YYRLQAU6S]18NA8LZM9=HO<;[>LT M6_9AQ!:SVL+:GRT5.0G,VW>E'I\\V-3CX\],/4[&T]^G7S+3.+R1/;W&[MR\ M][^JF.,20L1&EK5I6#T=:FC#7_<6].^VY:SJ^^_&^)7&%.S,TD+*7!3$*LJS MG,R,7418ZQPT*!8AI7,B\+LU>5]KK@BA[&H#B^J^F*[(87,`:#"0<+XYQX[$ M8GW)*1^?:"T!]Y)(&U5O%.PD/J3"T..<,8$8,D*PGI>P2BO,ABG,"CV1R,`O MED^\>,[.&SS$Y>ZO2^J5DP82ZHH5=1-36*K5RUI<`MED% M2;=U>1'$$D8P7C+YH91QGZ!)5=HH8-T09E,34MC58[+.9:109Y8MW:*D%D:$ MX_\RKV'AA9(1)P`VDN@$N@5'.9[,#?,O%/5`^E3)*A$+Y&HK%X]^`?^'H=%= MFT5KR#:5\&Y=`[M2>'*K1G7*G:3;A,DJ6-K,VM`&#!/X;([9IUHD'"YDH),9N?-UZ=@JX3]L7:G"(EZBL-TL M$S[6D17%53/KWP`()WF;\\`0Z;=`)#%J321AK!#:<[!K5<(4@*E85Y*Y5^H?!`6"YA MD)]3"P+MTCI:3MI7+)U6K6QUC,&^.-KP>!O=J2"*4LT\NLJ(8+ MDX71E(I/\A338-2U2QE>U;-'5/L\1XR!UO$:8=GV!G6G^DO&#A'@X

J\46 M7B[096B".#:(.;]C5M12%'V'7';-+)C7(TOK2GFGRN9:,PR5'G,0GF@(GX>M MYEE.2OUOAU*DT!AIZ'3VQ9<"']^_9GYTEO_.7?J1(G=GYXS=&IMJ]G'`!45` M"U6D^FT6WNH?8@^`AI<9Z,EEJB_!U?`8L[D"X+SJH!$!%>V!VA5+5KPNPM%N M)1UP/2O3B!<$3X`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`EM5;DL\YVSFR/XPX.U(;%6Y M+7$&;GLS09RY:LN@2NJJ[:'*8T6YW'!,&WA_5^N;R6C^*.,[J]R4..$=Z)1A M.Y71#3LU&[^"^D#A7AZ>-D6VZ[02TW2_WJ[QJ1-E?P)RJZI*`I&(WY2TI/!^ MCK8^H,T7/'*-(6H-VTMMU"M.C]SUP-WN_H6J4U4'6MTZ)<9-IN/+G7G^=)"X MO3`?"![;;(*KWJCB=L'6)H1NYXS;.>-VSKB=,V[GC-LYXW;.N)TS;N>,VSGC M=LZXG3-NYXS;.>-VSKB=,V[GC-LYXW;.N)TS;N?,_\[.F=M:$7([:[[VG37- ME36WR\;MLKG9+ILF>C8VD+QSY;*]L$GOX*G>XL#O1#`/:LW;6;B'9.%J6%Z# MNPJ8Q>LUU@]R#\:7>:!>TNM>TNM>TNM>TNM>TNM>TNM> MTLNJ[5[2^S\.;/>27O>27O>27@=D]Y)>]Y+>AP-3]Y+>K_`!P`8VEK,#`P,#DQ-C0Y,"TR,#$Q,#DR.%]D968N>&UL550)``/_ M/*!._SR@3G5X"P`!!"4.```$.0$``-5976_;-A1]'[#_P*DOVX,LR1]I9,0K MDJ;%!MA%86=`WP):HATB$BF05&QCV'_?I3XLJY;\-5ON\A))/.0]/#R\O++N M/BS#`+T1(2EG`\-IV08BS.,^9?.!$4L32X]2X\/O/_]T]XMI?GL8#Y'/O3@D M3"%/$*R(CQ94O:"/@DLYHX*@Z0J-Z1M1:,)G:H'A238^ZK;:+LCQ[:M')L8[U;32<>"\DQ"9E4F'F%;WT,%7]'-=UK:1U#87POEIC-]GTK+01H)+V M91)JR#VLDN7<.P54B]!W9@XS]2/3:9L=I[64O@%R(70G>$#&9(82KGVUBLC` MD#2,`CW'Y-F+(+.!X=%7&_Y@&7L2!C*E_'1,6" M/1*%:?"(%?X4$.TS^41#KEY67P,,C3/")#AFH@0X8$Z)_!PSWT":S%_C/TMS M5FF_"/II7UD:8YTOI)7*@(5WJ!(U:N>+J&7N);H`:2*\>$I,GX8Z.F<&R@)M MSG(]"F7*`JB58:S*`2Y(>!W%]'F(Z9%LMWLW0Y7,:3XBE5F@QD M,!`!F:B("CDCD./C&0?76_I/([FI6(-<_"3/>BS!A,F(^4^?'$),J%3P142OEH,\'# M:O6R\+R&="0H%W`W,%P#Q1+X\$@SQ\&5A$_)/689>$OU#O+"E3.X7R+LJ/&+#4]3_1U M^^;6:8^RY1LN]C_9PH*B:P*@)J+S/5%T0X5!/$'AA+QM<[9 MU$ICJ#_TK)GZ@L/O:X)Z6*/[H'WDFM73+E;.:7I/%"Z"`G%G\96V-ZIPY[_L MBI3O^:0]/)?'491NL"?8:P\PV.ON=%Z%;U3G[I$Z'\#_BI;.WE]6?Q"L?R_< M]O06H%&Q>\>;>HOP#Z#N%RS@`MX7ZTR^!]NHYC>G:U[%_8KR:]ZUQBXU-BKP M^^,%+I&]LJ*'F+D.UZC.MZ?I_`.:>`B5YH@SLJI6>J.Y48'=TP3>H'MM*W/F MT^3+EOZ\-%$82J$:,U7?=?4'MO57)[CY%U!+`P04 M````"`#V6E0_SQ4V61X%```_+0``'@`<`&-I:S`P,#`Y,38T.3`M,C`Q,3`Y M,CA?;&%B+GAM;%54"0`#_SR@3O\\H$YU>`L``00E#@``!#D!``#-FEUOXC@4 MAN]7VO_@S5R')'1F=D#MC/HUVM'2456ZTDC5JC*)H5:#C6Q3X-^OG:^2V`:V MG=K3&R#GB?V:]QS7L3G^LI[GX`DQCBDY"9)>'`!$4IIA,CL)ECR$/,4X^/+Y M]]^._PC#'VJ9D")(X2HZB?IPD($F&'_X<]C^`TZL&O9)CF>(#V!R3QXGL$L+R'F4S>6=\%-5@4)+#-<G54LTGTXVHT3A_0'(:8<`%)^GR7:L9T7S(8 M#*(B*E&.A[RX?T13*`J/]NH"5D)]"FLL5)?"I!\>);TUSP+Y'0!PG,,)RD<2 M`86$H=@LT$F`U@*1#&5!=971'.U0HL*%G+)1U2Q-6PWF:CB4U>T],#1MVBO: MXBCMS>A3Q)BR*Y:OH7H-XW[8_Z3TOF/L_@;SQQLDEHR<3KA@,!5U@\4P3@(+ M$S6R%';*VMH@2^MFY-L]0ZV(**72VX4(BQ;KVZ>,SJTBJBZI!;C/)WE7:4LF M0YPN69%0AWNRK6[7=U3V+C-54FHF0"3\9QQ\5F!4DL/CLK67."S@FA(ZQXB7 M(I<\DE/-#,*%TCJ(""7EIPQAE::#,$ZJ-'TG+]U?5#/0K>RI,QH][-9LFSSE MXT8IMDER2[D9+]C2!W.G^%&P5WG6Y"7%#`HL.=" M"0-)`X5[3(M+(K#8W*`95G,4$=_AW)059LQ]4NR26^>$B7&:$G8!^MS?0$!1 MWA/A7&8G@_DWN2Y9_XTVUL%IG*]4L`ANYT('\I`,1@5:-E04*#`@.8_Y<"HG MJDQ-5E]S.#.,JQ-W[[]18.U[*^C4;T//FL\-`Q3T"RP*BD<_^2"T9TW0QOPM M"4QRNRN";<;+@D`78%\/U*SOU4`MZ'(Z1:G`3VA/0G0X?QEA%-Q-B1;D)2<, M"NQ)T<"OS8K#G_VO&>4+V>F2&XPWQ)T_\YL%5L_[[:#+9WU3SYJQS]"+#4WQ M8RS_!LG']X-8^9?$@\J]5NC^%L^I>-A<2P&679P#>+?N'CP`Y?9>V)G[!RK1 MLJ$BP4)>!7`QT)O2=0JO8CZ*?6MKG?4^HNV]`ZN\_%R ML#\T=[JM>G8=9*[X5]'+D M:*[TK8CK0\;=%:X(Q]6MNCRDLFV<%UOW5K094HRM*M',$ M/>S%EM--S+7!G8[-OBH(%%1IK,.ZIB3#Q4^/U.]_QG*)O.263#62?FI[ MA^CMZC9@SNO;JL%2X2T>E#>\/BE>NY$\0C.8ET=?IVO^X"XC'DX%][NV&+O MV^X?J??]CY^2_A6:3Q#K"-T'>]TYLD@W;!MU2$][PV89NNL-!DKN3;:(A/R7 M@48_2W.]F:WVO<$%FB+"U:*S>II4<]37)U>^$F]_9R@__`5!+ M`P04````"`#V6E0_L%%+R]@%``",-P``'@`<`&-I:S`P,#`Y,38T.3`M,C`Q M,3`Y,CA?<')E+GAM;%54"0`#_SR@3O\\H$YU>`L``00E#@``!#D!``#=6]US MVC@0?[^9^Q]T[LO=@_$')L1,N$[:M-/.D4Z'I#-]RQA;$$V,Q$@F(=/I_WXK M6WR8&)!37`QY"5CKU?[VI]VU5N;B[6P[1>\Z$&!*.T>`9]GIZ:G`I*Y1H(V1CTU2SO0L$:(?[ MTFGAUL7(>S4SHQWDV);3M%S;<9#C=%KMCMM"E]<+T6O`,B0:LC&A#P.8$8%' MJ.@:*R;.!CQN,#Z".^VF-1[C(4H-Z"3/$]PU!!E/8FEX>NV>XV'7",F##7^^<^;YMBD]:OONN53T MYDJMC_G_2QI]H`E)GC_3(>/C%,:'&,LA82`YX;?^YQRNA(Q9@6.'?KV"("(,&9BRO%RRBN< M!"2^"I)@[K+;S-:O8.L5'F(J("QO$@YA-B)8?)S24ACW-F5)-RC#TF4O<-@8 ML4>+XER75F*L/A69>V$8P$`TR79`^.4B?+&?:_S M58?@68)I)!>/NDH2.:%<%[:#3#37N/HQH!'*U*,5_>C'?(:?65X`4#$+<[/% M,B,Q_BO^Y_QNZ[=M>V_;',:,=NGGLMB$[/]NP5HU?7S"7/`PAX.-<-'U\LHWR25Q+6!,HI3(HPT%2`B6PBP02Q@2:<,`YKK&OX!^;I*P93(*`B M"-AMA.7D&%&9IJ@_%0>*FR9=@7,1@D=C1$Z@-2O'7 MK"U_[\$S/(@_0Z&:_8>?-Q*X)GUR4[4:CJ&K5D*IYRD^WRF#5CGJW*G;TQ&F#4OR=U9B_#\,A#A/8&>T@ M,"=W,@SN1J4H;%=`H?XNYBMG8@*&3D4!2R_&CYH=/32*E7,=5BZL]?WR'G?1 M.[HL>MMGQ[;SVV>IU]&.A^2<(_:WZ&T@V.-"BPX&6+0XD>QS_E-MA M;VGTY(;N5KHK&[;6.^754CCW80Z_V6J#Z&\,I=M@$&^-I52@-L'T.F]N"*S- MT#3VV&[E)/U*UZ8&5&FZ.L>-)AP->IIEZ=$.^64JNH5D]@Z4/6P-^0+Y.G&D MZ?(E3:]#5R:BJJE5>^N6ZY4S-RMGBUG7"EHV-9)SK_2!3ZN@M1W/A1QLM]LU M+V@NK-%FW0O:JC?U"YJ"5F%!^]4]6`^/@CAKW%S.B%BCKD"B-MQI^CZ_Z=(! M4V.V,LNOV#@@=&-;,1NN#4^Z;B_J)6Z!4@5+^D\A\K-[=NZXUW@\P'S[(\B: M\!$S\PI@6TY;H+IRCJ->YK2-0%(4">8"IY)'\>3O`?C6D>1%?3@:)V>'S8Q[ M.#D[+'.:1)0].]I)!X9.7IHJCB//MQ^^L@H>AVZ+4?098I:G-6S M)<_5]Q[51O;Y$P[D"[`OPV]-X*C)U813X6ET>6*^!!P^D$>\*1ZWRIX*79K( M*CR<+O>\N#&<5@:/G9M=4"H\:2Y'ADX(%PA\K2WAX3^)K1%^]) MK0^?`C?;P90Y4:XV@!B-2/J+%OFSDAOPZG2],[A%\A2(TL:E./.K?@N@Q!OZ M.B'-D550)``/_/*!._SR@3G5X"P`!!"4.```$.0$` M`.U72V_;.!"^+]#_P.JT"ZR>:;JU8+=(ZK8(X.P6=@KT5M`2;1.12"U)Q0Z* M_>\[I$0]'-NUV^34^F(^9K[Y9CA#CH9O-GF&[HB0E+.1$WJ!@PA+>$K9>T+*R%O42GKMN;>T22T`'/6,6 M5)N=M[5ESF(4!GYXYD=!&*(PC,__BJ-S=''=B%Z#+PMZA*Q,5B3'".+!Y,CI M$%R?>5PL02L(_<_7DYF1#,7&>V)ZQ6K<.93)A5F";'R&66W!\3U]AS< M;N`?R-=LPL%@X)M=!RDLED3]C7,B"YR0GKBB.5>K^R+#3,?6^!X,HE?60$)O M`_@-PI^$)ISX`:1JUF3C.BL?<]%/B8+7&;`X]\29R8['(25 M$G1>*M(3*%DK`DF"T!`SQA56D,YFKE>*@K(%KZ>PH$\E%CPC-Q`&I`>?IE<' M8ZME_'%=5U,J;Z=$E8+-RJ*H6']B&9Z#!T"4IB/G.-&&D>64D@5EU'"',P^# M`+G(0L%0H_D5'&KQT-<&\3\0^OVFXHX^`GD$@2),0@6CF1)0DDM*)'I?LO2/ MH;]M1J:6XRD4VBB<1L'J MG4SA4'>ZA\(N%?AW6]433._KS??85GC#&<\A8;R.^A+CPFC[)%,MH-L"GL9H MNZ?_3C*,LVH&>/NXU%\`YK'L%>>7F1Y'+U^%T37)YT0XAO#(V;%.,[B%=+4H M44+J5.5OHQ"G/,>472F2ZV<#O"GG$JJKU+Y\$+PL1H[Y8HPIB$#YF3&4)>7I MC4%*2V$/0%G)1SN%H5\E)0S_!U!+`0(>`Q0````(`/9:5#^+0=)P.1(` M`+ZL```:`!@```````$```"D@0````!C:6LP,#`P.3$V-#DP+3(P,3$P.3(X M+GAM;%54!0`#_SR@3G5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`/9:5#^Y MC=`D=P0``'@<```>`!@```````$```"D@8T2``!C:6LP,#`P.3$V-#DP+3(P M,3$P.3(X7V1E9BYX;6Q55`4``_\\H$YU>`L``00E#@``!#D!``!02P$"'@,4 M````"`#V6E0_SQ4V61X%```_+0``'@`8```````!````I(%<%P``8VEK,#`P M,#DQ-C0Y,"TR,#$Q,#DR.%]L86(N>&UL550%``/_/*!.=7@+``$$)0X```0Y M`0``4$L!`AX#%`````@`]EI4/[!12\O8!0``C#<``!X`&````````0```*2! MTAP``&-I:S`P,#`Y,38T.3`M,C`Q,3`Y,CA?<')E+GAM;%54!0`#_SR@3G5X M"P`!!"4.```$.0$``%!+`0(>`Q0````(`/9:5#]U!SB@(`0``#`1```:`!@` M``````$```"D@0(C``!C:6LP,#`P.3$V-#DP+3(P,3$P.3(X+GAS9%54!0`# I_SR@3G5X"P`!!"4.```$.0$``%!+!08`````!0`%`.P!``!V)P`````` ` end XML 13 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 14 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15

Supplement Dated September 27, 2011

to the Statutory Prospectus of the

Timothy Plan Family of Funds

Dated January 31, 2011

The Summary/Statutory Prospectus of the Timothy Plan Family of Funds, dated January 31, 2011, is amended as follows:

The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Investment Strategies", appearing on pages 34 and 55, is deleted and replaced in its entirety with:

PRINCIPAL INVESTMENT STRATEGIES

Real Estate Investment Trusts (REITs), that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate, all of which are historically sensitive to both inflation and deflation.

Commodities-based securities, including but not limited to, exchange traded funds (ETFs), other pooled investment fund securities, and commodities-related stocks, for the purpose of providing the opportunity to invest in inflation sensitive physical commodities and/or commodities futures markets . ETFs are investment securities that are registered as investment companies and invest in a basket of other securities, mostly common stocks, that are included in a specific index. Pooled investment fund securities are securities that invest in a basket of other securities, mainly stocks, but are not registered as investment companies and do not trade on an exchange.

Various Fixed Income securities and Treasury-Inflation Protection Securities (TIPS). TIPS have coupon payments and underlying principal that are automatically increased to compensate for inflation as measured by the consumer price index (CPI). The fixed income securities in which the Fund may invest, other than TIPS, include U.S. Treasury bills, notes and bonds, corporate notes and bonds, and federal agency-issued securities.

Cash and cash equivalents.

The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund's principal investment strategies by taking large, small, or even no position in any one or more of the Asset Classes in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund's assets will be held in cash and/or cash equivalents.

The Fund will not invest in Excluded Securities. Excluded Securities are securities issued by any company that is involved in the production or wholesale distribution of alcohol, tobacco, or gambling equipment, gambling enterprises, or which is involved, either directly or indirectly, in abortion or pornography, or promoting anti-family entertainment or alternative lifestyles.

Current income is not a significant investment consideration and any such income realized will be considered incidental to the Fund's investment objective. To allow for optimal flexibility, the Fund is classified as a "non-diversified" fund, and, as such the Fund's portfolio may include the securities of a smaller total number of issuers than if the Fund were classified as "diversified".

The Section of the Statutory Prospectus relating to the Timothy Plan Defensive Strategies Fund, entitled "Principal Risks", appearing on pages 35 and 55, is deleted and replaced in its entirety with:

PRINCIPAL RISKS

1.

General Risk | As with most other mutual funds, you can lose money by investing in this Fund. Share prices fluctuate from day to day, and when you sell your shares, they may be worth less than you paid for them.

2.

Real Estate Investment Trust Risk | The Fund is subject to the risks experienced in real estate ownership, real estate financing, or both. As the economy is subjected to a period of economic deflation or interest rate increases, the demand for real estate may fall, causing a decline in the value of real estate owned. Also, as interest rates increase, the values of existing mortgages fall. The higher the duration (a calculation reflecting time risk, taking into account the average maturity of the mortgages) of the mortgages held in REITs owned by the Fund, the more sensitive the Fund is to interest rate risks. The Fund is also subject to credit risk; the Fund could lose money if mortgagors default on mortgages held in the REITs.

3.

Commodities-based Exchange Traded Funds | Commodity ETFs invest in Physical Commodities and/or Commodity Futures Contracts which Contracts are highly leveraged investment vehicles, and therefore generally considered to be high risk. By investing in Commodity ETFs the Fund assumes portions of that risk. ETFs may only purchase commodities futures contracts (the buy side), therefore the Fund's risk includes missing opportunities to realize gains by shorting futures contracts (the sell side) in deflationary economic periods. It is possible the Fund's entire ETF investment could be lost.

4.

Treasury-Inflation Protection Securities Risk | Because the real rate of return offered by TIPS, which represents the growth of your purchasing power, is guaranteed by the Federal Government, TIPS may offer a lower return than other fixed income instruments that do not have such guarantees. Other conventional bond issues may offer higher yields, and the Fund may invest in such bond issues if deemed advantageous by the Adviser and Investment Managers.

5.

Interest Rate Risk | When interest rates rise, bond prices fall; the higher the Fund's duration (a calculation reflecting time risk, taking into account both the average maturity of the Fund's portfolio and its average coupon return), the more sensitive the Fund is to interest rate risk.

6.

Credit Risk | The Fund could lose money if any bonds it owns are downgraded in credit rating or go into default. For this reason, the Fund will only invest in investment-grade bonds. The degree of risk for a particular security may be reflected in its credit rating. Bonds rated at the time of purchase BBB by Standard & Poor's, or unrated, but determined to be of comparable quality by the investment manager, are subject to greater market risk and credit risk, or loss of principal and interest, than higher-rated securities.

7.

Sector Risk | If certain industry sectors or types of securities don't perform as well as the Fund expects, the Fund's performance could suffer.

8.

Excluded Security Risk | Because the Fund does not invest in Excluded Securities (including certain REITs), and will divest itself of securities that are subsequently discovered to be ineligible, the Fund may be riskier than other Funds that invest in a broader array of securities.

9.

Non-Diversification Risk | Because the Fund may invest in a smaller number of securities, adverse changes to a single security will have a more pronounced negative effect on the Fund than if the Fund's investments were more widely distributed.

10.

Who Should Buy This Fund | The Fund is most appropriate for investors who seek a hedge against inflation, understand the risks of investing in each of the various asset classes, and who are willing to accept moderate amounts of volatility and risk.

ALL PORTIONS OF THE STATUTORY PROSPECTUS NOT CHANGED BY THIS SUPPLEMENT OR OTHER SUPPLEMENTS SHALL REMAIN IN FULL FORCE AND EFFECT.

XML 15 FilingSummary.xml IDEA: XBRL DOCUMENT 2.3.0.15 Html 2 15 1 false 1 0 false 0 true false R1.htm 000001 - Document - Document and Entity Information {Elements} Sheet http://www.timothyplan.com/role/DocumentDocumentAndEntityInformationElements Document and Entity Information false false R2.htm 000100 - Document - Risk/Return Supplement {Unlabeled} - (Timothy Plan Defensive Strategies Fund) Sheet http://www.timothyplan.com/role/DocumentRiskReturnSupplementUnlabeled Risk/Return Supplement - (Timothy Plan Defensive Strategies Fund) false false R3.htm 000200 - Disclosure - Risk/Return Detail Data {Elements} - (Timothy Plan Defensive Strategies Fund) Sheet http://www.timothyplan.com/role/DisclosureRiskReturnDetailDataElementsTimothyPlanDefensiveStrategiesFund Risk/Return Detail Data - (Timothy Plan Defensive Strategies Fund) false false R4.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data false false All Reports Book All Reports cik0000916490-20110928.xml cik0000916490-20110928.xsd cik0000916490-20110928_def.xml cik0000916490-20110928_lab.xml cik0000916490-20110928_pre.xml true false EXCEL 16 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\U-6,R83@U-%\T9#8S7S0Q-C!?.3@T,E]A,#DY M.60V,V(T-C`B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O M=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D M/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D M('=I=&@@36EC'1087)T7S4U8S)A.#4T7S1D M-C-?-#$V,%\Y.#0R7V$P.3DY9#8S8C0V,`T*0V]N=&5N="U,;V-A=&EO;CH@ M9FEL93HO+R]#.B\U-6,R83@U-%\T9#8S7S0Q-C!?.3@T,E]A,#DY.60V,V(T M-C`O5V]R:W-H965T'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA7!E/"]T9#X-"B`@("`@("`@/'1D M(&-L87-S/3-$=&5X=#Y/=&AE'0^4V5P M(#(X+`T*"0DR,#$Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@("`@("`\=&0@8VQA'0^4V5P(#(X+`T*"0DR,#$Q/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA#L@9F]N="US:7IE.B`Q M,G!T.R<@86QI9VX],T1C96YT97(^/&(^4W5P<&QE;65N="!$871E9"!397!T M96UB97(@,C6QE/3-$)VUAF4Z M(#$R<'0[)R!A;&EG;CTS1&-E;G1E6QE/3-$)VUA2!06QE/3-$)VUA2!0;&%N($1E9F5N6QE/3-$)VUA#L@<&%D M9&EN9RUL969T.B`R,W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS M1&IU'0M M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P M>#L@9FQO870Z(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@ M07)I86P@56YI8V]D92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y296%L($5S=&%T M92!);G9E2!R96%L(&5S=&%T92P@86QL(&]F('=H:6-H(&%R92!H:7-T;W)I8V%L M;'D@#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)V9O M;G0M9F%M:6QY.B!!2!T;R!I;G9E"X@4&]O;&5D(&EN=F5S=&UE M;G0@9G5N9"!S96-U2!S=&]C M:W,L(&)U="!A6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S M<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@ M;&5F=#L@8VQE87(Z(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL M>3H@07)I86P@56YI8V]D92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y687)I;W5S M($9I>&5D($EN8V]M92!S96-U2U);F9L871I M;VX@4')O=&5C=&EO;B!396-U6EN9R!P2!I;F-R96%S960@=&\@8V]M<&5N"`H0U!)*2X@5&AE(&9I>&5D(&EN8V]M92!S96-U2!I;G9E2UI M6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G M:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SX\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@07)I86P@56YI8V]D92!-4RQ4 M:6UE#LG M(&%L:6=N/3-$:G5S=&EF>3Y#87-H(&%N9"!C87-H(&5Q=6EV86QE;G1S+CPO M<#X-"@T*/'`@#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)V9O;G0M M9F%M:6QY.B!!'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@ M+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^/&9O;G0@6QE/3-$ M)VUA2!C;VUP86YY('1H870@:7,@:6YV;VQV960@:6X@=&AE M('!R;V1U8W1I;VX@;W(@=VAO;&5S86QE(&1I#L@=VED=&@Z(#0W M<'@[(&UA6QE/3-$)V9O;G0M9F%M:6QY.B!!F5D('=I;&P@8F4@8V]N2!I;F-L=61E('1H M92!S96-U2!02!W:71H.CPO<#X-"@T*/'`@#L@;6%R9VEN+6)O M='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB/E!224Y#25!!3"!225-+ M4SPO8CX\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X M="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M M,G!X.R!F;&]A=#H@;&5F=#LG/C$N/"]P/@T*#0H\<"!S='EL93TS1"=M87)G M:6XM=&]P.B`P<'@[('!A9&1I;F#L@;6%R9VEN+6)O='1O M;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB/D=E;F5R86P@4FES:R`\+V(^ M/&9O;G0@6]U(&-A;B!L;W-E(&UO;F5Y(&)Y(&EN=F5S=&EN9R!I;B!T:&ES($9U M;F0N(%-H87)E('!R:6-E2!M87D@8F4@=V]R M=&@@;&5S#L@=VED M=&@Z(#0W<'@[(&UA#L@;6%R9VEN+6)O='1O;3H@,W!X M.R<@86QI9VX],T1J=7-T:69Y/CQB/E)E86P@17-T871E($EN=F5S=&UE;G0@ M5')U2!F86QL+"!C875S:6YG(&$@ M9&5C;&EN92!I;B!T:&4@=F%L=64@;V8@2!O9B!T:&4@ M;6]R=&=A9V5S*2!O9B!T:&4@;6]R=&=A9V5S(&AE;&0@:6X@4D5)5',@;W=N M960@8GD@=&AE($9U;F0L('1H92!M;W)E('-E;G-I=&EV92!T:&4@1G5N9"!I M6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T M=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SXS+CPO<#X- M"@T*/'`@#LG(&%L:6=N/3-$:G5S=&EF>3X\ M8CY#;VUM;V1I=&EE&-H86YG92!46QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!%5$9S(&EN=F5S="!I;B!0:'ES M:6-A;"!#;VUM;V1I=&EE2!C M;VYS:61E2!%5$9S('1H92!&=6YD(&%S'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P M>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L M969T.R<^-"X\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@ M<&%D9&EN9RUL969T.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG M;CTS1&IU2!T:&4@1F5D97)A;"!';W9E2!O9F9E&5D M(&EN8V]M92!I;G-T2!O M9F9E6EE;&1S+"!A;F0@=&AE($9U;F0@;6%Y(&EN=F5S="!I M;B!S=6-H(&)O;F0@:7-S=65S(&EF(&1E96UE9"!A9'9A;G1A9V5O=7,@8GD@ M=&AE($%D=FES97(@86YD($EN=F5S=&UE;G0@36%N86=E#L@=VED=&@Z(#0W<'@[(&UA#L@<&%D9&EN9RUL969T.B`T-W!X.R<^/&(^26YT97)E6QE/3-$)VUA#L@=VED=&@Z(#0W M<'@[(&UA6QE/3-$)VUA2!B;VYD'0M:6YD96YT.B`R,G!X.R!W:61T:#H@-#=P>#L@;6%R M9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[)SXW+CPO<#X-"@T*/'`@ M#LG/CQB M/E-E8W1O7!E'!E8W1S+"!T:&4@1G5N9"=S('!E6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@,W!X.R!C;&5A3X\8G(@+SX\+W`^#0H-"CQP('-T>6QE/3-$)VUA M#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X M.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#LG/C@N/"]P/@T* M#0H\<"!S='EL93TS1"=M87)G:6XM=&]P.B`P<'@[('!A9&1I;F#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB M/D5X8VQU9&5D(%-E8W5R:71Y(%)I6QE/3-$)V-O M;&]R.B`C,V8S9C-F.R<@8VQA2!D:7-C;W9E2!B92!R:7-K:65R('1H86X@;W1H97(@1G5N9',@=&AA="!I;G9E'0M:6YD96YT.B`R,W!X.R!W:61T M:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L M96%R.B!L969T.R<^.2X\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[ M)R!A;&EG;CTS1&IU6QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!I;G9E M2!D M:7-T#L@=VED=&@Z(#0W<'@[(&UA M#LG(&%L:6=N/3-$ M:G5S=&EF>3X\8CY7:&\@4VAO=6QD($)U>2!4:&ES($9U;F0\+V(^(#QF;VYT M('-T>6QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA6QE/3-$)VUA7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA5)E9VES=')A;G1.86UE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#Y424U/5$A9(%!,04X\'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^8VEK,#`P,#DQ-C0Y,%]3=7!P;&5M96YT5&5X=$)L;V-K/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<"!S='EL93TS1"=M M87)G:6XZ(#!P>#L@9F]N="US:7IE.B`Q,G!T.R<@86QI9VX],T1C96YT97(^ M/&(^4W5P<&QE;65N="!$871E9"!397!T96UB97(@,C6QE/3-$ M)VUAF4Z(#$R<'0[)R!A;&EG;CTS1&-E;G1E M6QE/3-$ M)VUA2!0#LG M(&%L:6=N/3-$:G5S=&EF>3X\8G(@+SX\+W`^#0H-"CQP('-T>6QE/3-$)VUA M2!0;&%N($1E9F5N#LG(&%L:6=N/3-$:G5S=&EF>3X\8G(@+SX\+W`^#0H-"CQP('-T>6QE M/3-$)VUA#L@<&%D9&EN9RUL969T.B`R,W!X.R!M87)G M:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS1&IU'0M:6YD96YT.B`R,W!X.R!W:61T:#H@ M-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[)SX\9F]N M="!S='EL93TS1"=F;VYT+69A;6EL>3H@07)I86P@56YI8V]D92!-4RQ4:6UE M#LG(&%L M:6=N/3-$:G5S=&EF>3Y296%L($5S=&%T92!);G9E2!R96%L(&5S=&%T92P@86QL M(&]F('=H:6-H(&%R92!H:7-T;W)I8V%L;'D@#L@=VED=&@Z(#0W M<'@[(&UA6QE/3-$)V9O;G0M9F%M:6QY.B!!2!T;R!I;G9E"X@4&]O;&5D(&EN=F5S=&UE;G0@9G5N9"!S96-U2!S=&]C:W,L(&)U="!A&-H86YG92X\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G M:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SX\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@07)I86P@56YI8V]D92!-4RQ4 M:6UE#LG M(&%L:6=N/3-$:G5S=&EF>3Y687)I;W5S($9I>&5D($EN8V]M92!S96-U2U);F9L871I;VX@4')O=&5C=&EO;B!396-U6EN9R!P2!I;F-R M96%S960@=&\@8V]M<&5N"`H0U!)*2X@5&AE(&9I>&5D M(&EN8V]M92!S96-U2!I;G9E M2UI6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z M(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A M=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3H@07)I86P@56YI8V]D92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y#87-H M(&%N9"!C87-H(&5Q=6EV86QE;G1S+CPO<#X-"@T*/'`@#L@=VED=&@Z(#0W<'@[ M(&UA6QE/3-$)V9O;G0M9F%M:6QY.B!!'0M:6YD96YT.B`R,W!X.R!W:61T M:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L M96%R.B!L969T.R<^/&9O;G0@6QE/3-$)VUA2!C;VUP86YY M('1H870@:7,@:6YV;VQV960@:6X@=&AE('!R;V1U8W1I;VX@;W(@=VAO;&5S M86QE(&1I#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$ M)V9O;G0M9F%M:6QY.B!!F5D('=I;&P@8F4@8V]N2!I;F-L=61E('1H92!S96-U2!02!W:71H.CPO<#X-"@T* M/'`@#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI9VX],T1J M=7-T:69Y/CQB/E!224Y#25!!3"!225-+4SPO8CX\+W`^#0H-"CQP('-T>6QE M/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H M.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#LG/C$N M/"]P/@T*#0H\<"!S='EL93TS1"=M87)G:6XM=&]P.B`P<'@[('!A9&1I;F#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI9VX],T1J=7-T M:69Y/CQB/D=E;F5R86P@4FES:R`\+V(^/&9O;G0@2!M87D@8F4@=V]R=&@@;&5S#L@=VED=&@Z(#0W<'@[(&UA#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB M/E)E86P@17-T871E($EN=F5S=&UE;G0@5')U2!F86QL+"!C875S:6YG(&$@9&5C;&EN92!I;B!T:&4@=F%L=64@ M;V8@2!O9B!T:&4@;6]R=&=A9V5S*2!O9B!T:&4@;6]R M=&=A9V5S(&AE;&0@:6X@4D5)5',@;W=N960@8GD@=&AE($9U;F0L('1H92!M M;W)E('-E;G-I=&EV92!T:&4@1G5N9"!I6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[ M('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F M=#L@8VQE87(Z(&QE9G0[)SXS+CPO<#X-"@T*/'`@#LG(&%L:6=N/3-$:G5S=&EF>3X\8CY#;VUM;V1I=&EE&-H86YG92!46QE/3-$)V-O;&]R M.B`C,V8S9C-F.R<@8VQA2!%5$9S(&EN=F5S="!I;B!0:'ES:6-A;"!#;VUM;V1I=&EE2!C;VYS:61E2!%5$9S('1H92!&=6YD M(&%S2!O;FQY M('!U'0M M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P M>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^-"X\+W`^#0H-"CQP('-T M>6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`T-W!X.R!M M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS1&IU2!T M:&4@1F5D97)A;"!';W9E2!O9F9E2!O9F9E6EE;&1S+"!A M;F0@=&AE($9U;F0@;6%Y(&EN=F5S="!I;B!S=6-H(&)O;F0@:7-S=65S(&EF M(&1E96UE9"!A9'9A;G1A9V5O=7,@8GD@=&AE($%D=FES97(@86YD($EN=F5S M=&UE;G0@36%N86=E#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)VUA#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)VUA2!B M;VYD2!I;G9E'0M:6YD96YT M.B`R,G!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO M870Z(&QE9G0[)SXW+CPO<#X-"@T*/'`@#LG/CQB/E-E8W1O7!E'!E8W1S+"!T:&4@1G5N9"=S('!E6QE/3-$)VUA#L@;6%R9VEN+6)O M='1O;3H@,W!X.R!C;&5A3X\8G(@ M+SX\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI M;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X M.R!F;&]A=#H@;&5F=#LG/C@N/"]P/@T*#0H\<"!S='EL93TS1"=M87)G:6XM M=&]P.B`P<'@[('!A9&1I;F#L@;6%R9VEN+6)O='1O;3H@ M,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB/D5X8VQU9&5D(%-E8W5R:71Y(%)I M6QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!D:7-C;W9E2!B92!R:7-K:65R('1H86X@;W1H M97(@1G5N9',@=&AA="!I;G9E'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O M;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^.2X\+W`^#0H- M"CQP('-T>6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`T M-W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS1&IU6QE/3-$)V-O M;&]R.B`C,V8S9C-F.R<@8VQA2!I;G9E2!D:7-T#L@=VED=&@Z(#0W<'@[(&UA#LG(&%L:6=N/3-$:G5S=&EF>3X\8CY7:&\@4VAO=6QD M($)U>2!4:&ES($9U;F0\+V(^(#QF;VYT('-T>6QE/3-$)V-O;&]R.B`C,V8S M9C-F.R<@8VQA2!A;F0@6QE/3-$)VUA M2!0;&%N($1E9F5N'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D M(&-L87-S/3-$=&@^8VEK,#`P,#DQ-C0Y,%]3=7!P;&5M96YT5&5X=$)L;V-K M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\9&EV/B`\<"!S='EL M93TS1"=M87)G:6XZ(#!P>#L@9F]N="US:7IE.B`Q,G!T.R<@86QI9VX],T1C M96YT97(^/&(^4W5P<&QE;65N="!$871E9"!397!T96UB97(@,C6QE/3-$)VUAF4Z(#$R<'0[)R!A;&EG;CTS M1&-E;G1E6QE/3-$)VUA2!0#LG(&%L:6=N/3-$:G5S=&EF>3X\8G(@+SX\+W`^#0H-"CQP('-T>6QE M/3-$)VUA2!0;&%N($1E9F5N#LG(&%L:6=N/3-$:G5S=&EF>3X\8G(@+SX\+W`^#0H-"CQD M:78@8VQA#LG(&%L:6=N/3-$:G5S=&EF>3X\8CY04DE.0TE004P@24Y615-4345.5"!3 M5%)!5$5'2453(#PO8CX\+W`^/"]D:78^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#LG/CQF;VYT('-T>6QE M/3-$)V9O;G0M9F%M:6QY.B!!6QE/3-$)VUA6QE/3-$)VUA#L@=&5X="UI;F1E M;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F M;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3H@07)I86P@56YI8V]D92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y# M;VUM;V1I=&EE&-H86YG92!T'0M:6YD96YT.B`R,W!X M.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE M9G0[(&-L96%R.B!L969T.R<^/&9O;G0@6QE/3-$)VUA2!T:&4@8V]N2!B:6QL'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN M+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^/&9O M;G0@6QE/3-$)VUA6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z M(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`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`T-W!X M.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE M9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@07)I86P@56YI8V]D M92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y#=7)R96YT(&EN8V]M92!I2!S=6-H(&EN8V]M92!R96%L:7IE9"!W:6QL(&)E(&-O;G-I9&5R960@:6YC M:61E;G1A;"!T;R!T:&4@1G5N9"=S(&EN=F5S=&UE;G0@;V)J96-T:79E+B!4 M;R!A;&QO=R!F;W(@;W!T:6UA;"!F;&5X:6)I;&ET>2P@=&AE($9U;F0@:7,@ M8VQA6QE/3-$)VUA3X\8G(@+SX\+W`^#0H- M"CQP('-T>6QE/3-$)VUA2!0;&%N($1E9F5N6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI M9VX],T1J=7-T:69Y/CQB/E!224Y#25!!3"!225-+4SPO8CX\+W`^/"]D:78^ M#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z M(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A M=#H@;&5F=#LG/C$N/"]P/@T*#0H\<"!S='EL93TS1"=M87)G:6XM=&]P.B`P M<'@[('!A9&1I;F#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@ M86QI9VX],T1J=7-T:69Y/CQB/D=E;F5R86P@4FES:R`\+V(^/&9O;G0@6]U(&-A M;B!L;W-E(&UO;F5Y(&)Y(&EN=F5S=&EN9R!I;B!T:&ES($9U;F0N(%-H87)E M('!R:6-E2!M87D@8F4@=V]R=&@@;&5S#L@=VED=&@Z(#0W<'@[ M(&UA#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI9VX] M,T1J=7-T:69Y/CQB/E)E86P@17-T871E($EN=F5S=&UE;G0@5')U2!F86QL+"!C875S:6YG(&$@9&5C;&EN92!I M;B!T:&4@=F%L=64@;V8@6QE/3-$)VUA#L@=&5X="UI M;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X M.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SXS+CPO<#X-"@T*/'`@#LG(&%L:6=N/3-$:G5S=&EF>3X\8CY#;VUM;V1I M=&EE&-H86YG92!46QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!%5$9S(&EN=F5S="!I;B!0:'ES:6-A;"!#;VUM M;V1I=&EE2!C;VYS:61E2!% M5$9S('1H92!&=6YD(&%S2!O;FQY('!U'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN M+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^-"X\ M+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@<&%D9&EN9RUL M969T.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS1&IU2!T:&4@1F5D97)A;"!';W9E2!O M9F9E&5D(&EN8V]M92!I M;G-T2!O9F9E6EE;&1S+"!A;F0@=&AE($9U;F0@;6%Y(&EN=F5S="!I;B!S=6-H(&)O M;F0@:7-S=65S(&EF(&1E96UE9"!A9'9A;G1A9V5O=7,@8GD@=&AE($%D=FES M97(@86YD($EN=F5S=&UE;G0@36%N86=E#L@=VED=&@Z M(#0W<'@[(&UA#L@ M<&%D9&EN9RUL969T.B`T-W!X.R<^/&(^26YT97)E6QE/3-$)VUA#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)VUA2!B;VYD'0M:6YD96YT.B`R,G!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O M;3H@+3)P>#L@9FQO870Z(&QE9G0[)SXW+CPO<#X-"@T*/'`@#LG/CQB/E-E8W1O7!E'!E8W1S+"!T:&4@1G5N9"=S('!E6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@,W!X.R!C;&5A3X\8G(@+SX\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM M8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#LG/C@N/"]P/@T*#0H\<"!S='EL M93TS1"=M87)G:6XM=&]P.B`P<'@[('!A9&1I;F#L@;6%R M9VEN+6)O='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB/D5X8VQU9&5D M(%-E8W5R:71Y(%)I6QE/3-$)V-O;&]R.B`C,V8S M9C-F.R<@8VQA2!D:7-C M;W9E2!B92!R:7-K M:65R('1H86X@;W1H97(@1G5N9',@=&AA="!I;G9E'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@ M;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T M.R<^.2X\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@<&%D M9&EN9RUL969T.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS M1&IU6QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!I;G9E2!D:7-T#L@=VED=&@Z(#0W<'@[(&UA#LG(&%L:6=N/3-$:G5S=&EF>3X\ M8CY7:&\@4VAO=6QD($)U>2!4:&ES($9U;F0\+V(^(#QF;VYT('-T>6QE/3-$ M)V-O;&]R.B`C,V8S9C-F.R<@8VQA6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`T-W!X M.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS1&IU4AE861I;F<\+W1D/@T*("`@ M("`@("`\=&0@8VQA#LG(&%L:6=N/3-$:G5S=&EF>3X\ M8CY04DE.0TE004P@24Y615-4345.5"!35%)!5$5'2453(#PO8CX\+W`^/"]D M:78^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$#LG(&%L:6=N/3-$:G5S=&EF>3Y296%L M($5S=&%T92!);G9E2!R96%L(&5S=&%T92P@86QL(&]F('=H:6-H(&%R92!H:7-T M;W)I8V%L;'D@#L@=VED=&@Z(#0W<'@[(&UA6QE M/3-$)V9O;G0M9F%M:6QY.B!!2!T;R!I;G9E2!S=&]C:W,L(&)U="!A&-H86YG92X\ M+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@=&5X="UI;F1E M;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F M;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SX\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3H@07)I86P@56YI8V]D92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y6 M87)I;W5S($9I>&5D($EN8V]M92!S96-U2U) M;F9L871I;VX@4')O=&5C=&EO;B!396-U6EN9R!P2!I;F-R96%S960@=&\@8V]M<&5N"`H0U!)*2X@5&AE(&9I>&5D(&EN8V]M92!S96-U2!I;G9E2UI6QE/3-$)VUA M#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X M.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE M9G0[)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3H@07)I86P@56YI8V]D M92!-4RQ4:6UE#LG(&%L:6=N/3-$:G5S=&EF>3Y#87-H(&%N9"!C87-H(&5Q=6EV86QE M;G1S+CPO<#X-"@T*/'`@#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$ M)V9O;G0M9F%M:6QY.B!!'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O M='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^/&9O;G0@ M6QE/3-$)VUA2!C;VUP86YY('1H870@:7,@:6YV;VQV960@ M:6X@=&AE('!R;V1U8W1I;VX@;W(@=VAO;&5S86QE(&1I#L@=VED M=&@Z(#0W<'@[(&UA6QE/3-$)V9O;G0M9F%M:6QY.B!!F5D('=I;&P@8F4@8V]N2!I;F-L M=61E('1H92!S96-U6QE/3-$)VUA#L@ M<&%D9&EN9RUL969T.B`R-'!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG M;CTS1&IU#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`T-W!X.R!M87)G:6XM8F]T=&]M M.B`S<'@[)R!A;&EG;CTS1&IU2!B92!W;W)T:"!L97-S('1H86X@>6]U M('!A:60@9F]R('1H96TN/"]P/@T*#0H\<"!S='EL93TS1"=M87)G:6XM=&]P M.B`P<'@[('1E>'0M:6YD96YT.B`R,W!X.R!W:61T:#H@-#=P>#L@;6%R9VEN M+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T.R<^,BX\ M+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@<&%D9&EN9RUL M969T.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`S<'@[)R!A;&EG;CTS1&IU'!E2!T:&4@1G5N9"P@ M=&AE(&UO2!I9B!M;W)T9V%G;W)S M(&1E9F%U;'0@;VX@;6]R=&=A9V5S(&AE;&0@:6X@=&AE(%)%251S+CPO<#X- M"@T*/'`@#L@=VED=&@Z(#0W<'@[(&UA#L@;6%R9VEN+6)O M='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB/D-O;6UO9&ET:65S+6)A M7-I8V%L($-O;6UO9&ET:65S M(&%N9"]O2!I;G9EF4@9V%I;G,@ M8GD@2!E8V]N;VUI8R!P97)I;V1S+B!)="!I6QE/3-$)VUA#L@ M=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SXT+CPO<#X-"@T* M/'`@#LG(&%L:6=N/3-$:G5S=&EF>3X\8CY4 M2U);F9L871I;VX@4')O=&5C=&EO;B!396-U6QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!425!3+"!W:&EC:"!R97!R97-E;G1S('1H92!G M6]U2!T:&4@061V:7-E'0M:6YD96YT.B`R,G!X.R!W:61T:#H@-#=P>#L@ M;6%R9VEN+6)O='1O;3H@+3)P>#L@9FQO870Z(&QE9G0[(&-L96%R.B!L969T M.R<^-2X\+W`^#0H-"CQP('-T>6QE/3-$)VUA2!O9B!T:&4@1G5N9"=S('!O'0M:6YD96YT.B`R,G!X.R!W:61T:#H@-#=P>#L@;6%R9VEN+6)O='1O M;3H@+3)P>#L@9FQO870Z(&QE9G0[)SXV+CPO<#X-"@T*/'`@#LG/CQB/D-R961I="!2 M:7-K/"]B/B`\9F]N="!S='EL93TS1"=C;VQO2!M87D@8F4@6QE/3-$)VUA#L@=&5X="UI M;F1E;G0Z(#(R<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X M.R!F;&]A=#H@;&5F=#LG/C6QE/3-$)V-O;&]R.B`C,V8S9C-F.R<@8VQA2!S96-T;W)S(&]R('1Y<&5S M(&]F('-E8W5R:71I97,@9&]N)W0@<&5R9F]R;2!A#L@=VED=&@Z(#0W<'@[(&UA6QE/3-$)VUA M#L@<&%D9&EN9RUL969T.B`T-W!X.R!M87)G:6XM8F]T M=&]M.B`S<'@[)R!A;&EG;CTS1&IU6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[('=I9'1H.B`T-W!X.R!M87)G:6XM M8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F=#L@8VQE87(Z(&QE9G0[)SXY+CPO M<#X-"@T*/&1I=B!C;&%S#L@;6%R9VEN+6)O M='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB/DYO;BU$:79E6QE/3-$)VUA#L@=&5X="UI;F1E;G0Z(#(S<'@[ M('=I9'1H.B`T-W!X.R!M87)G:6XM8F]T=&]M.B`M,G!X.R!F;&]A=#H@;&5F M=#L@8VQE87(Z(&QE9G0[)SXQ,"X\+W`^#0H-"CQP('-T>6QE/3-$)VUA#L@<&%D9&EN9RUL969T.B`T-W!X.R!M87)G:6XM8F]T=&]M M.B`S<'@[)R!A;&EG;CTS1&IU2!;5&5X=%T\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/&1I=B!C;&%S#L@;6%R9VEN+6)O='1O;3H@,W!X.R<@86QI9VX],T1J=7-T:69Y/CQB M/DYO;BU$:79E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\U-6,R83@U-%\T9#8S7S0Q-C!?.3@T,E]A,#DY.60V,V(T-C`-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-35C,F$X-31?-&0V,U\T,38P M7SDX-#)?83`Y.3ED-C-B-#8P+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM M;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC