TIMOTHY PLAN
Timothy Plan Aggressive Growth Fund
Class I Shares (TIAGX)
Timothy Plan International Fund
Class I Shares (TPIIX)
Timothy Plan Large/Mid Cap Growth Fund
Class I Shares (TPLIX)
Timothy Plan Small Cap Value Fund
Class I Shares (TPVIX)
Timothy Plan Large/Mid Cap Value Fund
Class I Shares (TMVIX)
Timothy Plan Fixed Income Fund
Class I Shares (TPFIX)
Timothy Plan High Yield Bond Fund
Class I Shares (TPHIX)
Timothy Plan Israel Common Values Fund
Class I Shares (TICIX)
Timothy Plan Defensive Strategies Fund
Class I Shares (TPDIX)
Timothy Plan Emerging Markets Fund
Class I Shares (TIEMX)
Timothy Plan Growth & Income Fund
Class I Shares (TIGIX)
Supplement dated June 21, 2016
to the Statement of Additional Information dated January 29, 2016
1. | Under WESTWOOD MANAGEMENT CORP. on page 14 the last sentence of the first paragraph should read: |
As of December 31, 2015, Westwood Management Corp. managed approximately $16.3 billion in client assets.
2. | Under BRANDES INVESTMENT PARTNERS, LP on page 21, the following paragraph should be added under The following members of Brandes make up the portfolio management team for the Emerging Markets Fund: |
Mr. Mauricio Abadia is an Analyst on the Utilities Research Team and a member of the firms Emerging Markets Investment Committee. He is responsible for fundamental research on companies in the global electric, gas and diversified utilities sectors. Before joining Brandes, he worked as a Senior Consultant in the valuations and project finance practice with Deloitte in Latin America. Mr. Abadia earned his MBA with honors from the Haas School of Business at the University of California, Berkeley and his BS in systems engineering with distinction from the University of Virginia. He has 9 years of finance and investment experience.
3. | Under BRANDES INVESTMENT PARTNERS, LP on page 21, the following paragraph should be deleted under The following members of Brandes make up the portfolio management team for the Emerging Markets Fund: |
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Mr. Gregory Rippel, CFA, CPA is a Senior Analyst on the Consumer Products Team and is responsible for fundamental research on companies in several consumer-related industries. He is also a voting member of the firms Emerging Markets Investment Committee. Before joining Brandes, Mr. Rippel worked as an Underwriter at Greyrock Capital, a subsidiary of Bank of America and as a Senior Associate for Coopers & Lybrand. He earned his MBA from the McCombs School of Business at the University of Texas at Austin and his BA in business economics from the University of California, Santa Barbara. Mr. Rippel is a Certified Public Accountant and has 20 years of accounting, finance and investment experience.
4. | Under Other Information Relating to Brandes on page 22, the two tables should be replaced with the following: |
Number of Other Accounts Managed And Assets by Account Type |
Number of Accounts and Assets for Which Advisory Fee is Performance-Based | |||||||||||
Name of Sub-Advisor and Portfolio Manager |
Registered Investment Companies ($mils) |
Other Pooled Investment Vehicles ($mils) |
Other Accounts ($mils) |
Registered Investment Companies ($mils) |
Other Pooled Investment Vehicles ($mils) |
Other Accounts ($mils) | ||||||
Brandes Investment Partners, L.P.: |
||||||||||||
Mauricio Abadia |
3 ($1,052) | 6 ($743) | 465 ($2,385) | N/A | N/A | 1 ($54) | ||||||
Doug Edman, CFA |
3 ($1,052) | 6 ($743) | 465 ($2,385) | N/A | N/A | 1 ($54) | ||||||
Chris Garrett, CFA |
3 ($1,052) | 6 ($743) | 465 ($2,385) | N/A | N/A | 1 ($54) | ||||||
Louis Lau, CFA |
3 ($1,052) | 6 ($743) | 465 ($2,385) | N/A | N/A | 1 ($54) | ||||||
Gerardo Zamorano, CFA |
4 ($1,060) | 8 ($888) | 465 ($2,385) | N/A | N/A | 1 ($54) |
Name of Person |
Dollar Range of Equity Securities in each Fund |
Aggregate Dollar Range of Equity Securities in all Funds Held By Portfolio Manager | ||
Mauricio Abadia |
None | None | ||
Doug Edman, CFA |
None | None | ||
Chris Garrett, CFA |
None | None | ||
Louis Lau, CFA |
None | None | ||
Gerardo Zamorano, CFA |
None | None |
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