THE TIMOTHY PLAN
225 Pictoria Drive, Suite 450
Cincinnati, Ohio 45246
November 5, 2019
EDGAR CORRESPONDENCE
Securities & Exchange Commission
Division of Investment Management
100 F Street NE
Washington, DC 20549
Re: The Timothy Plan (Registrant) (SEC File Nos. 811-08228 and 033-73248 )
Ladies and Gentlemen:
On behalf of the Registrant, attached herewith for filing pursuant to paragraph (e) of Rule 497 under the Securities Act of 1933, as amended (the 1933 Act), please find exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information filed with the U.S. Securities and Exchange Commission in a Supplement dated October 23, 2019, to the Prospectus for the Timothy Plan Growth and Income Fund Class I Shares.
If you have any questions or would like further information, please contact me at (800) 846.7526.
Sincerely,
/s/ Art Ally
Arthur Ally
President & Chairman of the Board
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | TIMOTHY PLAN |
Prospectus Date | rr_ProspectusDate | Jan. 31, 2019 |
Supplement to Prospectus [Text Block] | rr_SupplementToProspectusTextBlock | Supplement Dated October 23, 2019 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2019 (Class I) The Class I Shares Prospectus for the Timothy Plan Family of Funds, dated January 31, 2019, relating to the Timothy Plan Growth and Income Fund, is amended as follows: On page 43 of the prospectus, the Section entitled PRINCIPAL INVESTMENT STRATEGIES is deleted in its entirety and replaced with the following: PRINCIPAL INVESTMENT STRATEGIES • To achieve its goals, the Fund primarily invests in equity securities, including Exchange Traded Funds (“ETF’s”), and in fixed income securities. The Fund will normally hold both equity securities and fixed income securities, with at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities. • The Fund invests at least 25% of its assets in ETFs that invest primarily in equity securities, including ETF’s that are affiliated with the Fund. The Fund also invests at least 25% of its assets in fixed income securities. The Fund’s fixed income holdings are U.S. government securities, corporate bonds, municipal bonds and/or sovereign bonds of any maturity, as well as ETFs that invest primarily in such securities. Any non-US government securities in the Fund’s portfolio consist primarily of issues rated “Baa2” or better by Moody’s Investors Service, Inc. (“Moody’s”) or “BBB” or better by Standard & Poor’s Ratings Group (“S&P”) and unrated securities determined by the Advisor to be of equivalent quality, as well as high quality money market instruments. The Fund attempts to provide a total return in excess of the rate of inflation over the long term (3 to 5 years). The Advisor is responsible for determining the allocation of Fund assets to be invested in equity and fixed income securities. The Advisor will adjust those allocations from time to time in response to market changes. • The Fund’s fixed income Investment Manager reviews the various sectors looking for historical patterns of undervalue or overvalue in an effort to identify appropriate fixed income securities to purchase. The Investment Manager also analyzes interest rate risk in the bond market and makes adjustments in the maturities of bonds to adjust for this risk. Lastly, if a bond is being downgraded, or the company has other issues that may affect the bond, the Investment Manager reviews it to see if the bond should be sold. • The Fund’s fixed income portfolio’s duration is adjusted based on a regularly conducted analysis of the interest rate risk. Typically, the duration of the Fund’s bond portfolio runs between 1 and 8 years. The Investment Manager shortens portfolio durations when its research indicates a rising interest rate environment to preserve capital. • The Fund’s equity securities are sold when such considerations as valuation, earnings and relative price strength are determined to warrant a sale. The Investment Manager reviews a stock if there is a major change in its corporate structure or management. • 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.
|
Timothy Plan Growth & Income Fund | ||
Risk/Return: | rr_RiskReturnAbstract | |
Supplement to Prospectus [Text Block] | rr_SupplementToProspectusTextBlock | Supplement Dated October 23, 2019 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2019 (Class I) The Class I Shares Prospectus for the Timothy Plan Family of Funds, dated January 31, 2019, relating to the Timothy Plan Growth and Income Fund, is amended as follows: On page 43 of the prospectus, the Section entitled PRINCIPAL INVESTMENT STRATEGIES is deleted in its entirety and replaced with the following: PRINCIPAL INVESTMENT STRATEGIES • To achieve its goals, the Fund primarily invests in equity securities, including Exchange Traded Funds (“ETF’s”), and in fixed income securities. The Fund will normally hold both equity securities and fixed income securities, with at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities. • The Fund invests at least 25% of its assets in ETFs that invest primarily in equity securities, including ETF’s that are affiliated with the Fund. The Fund also invests at least 25% of its assets in fixed income securities. The Fund’s fixed income holdings are U.S. government securities, corporate bonds, municipal bonds and/or sovereign bonds of any maturity, as well as ETFs that invest primarily in such securities. Any non-US government securities in the Fund’s portfolio consist primarily of issues rated “Baa2” or better by Moody’s Investors Service, Inc. (“Moody’s”) or “BBB” or better by Standard & Poor’s Ratings Group (“S&P”) and unrated securities determined by the Advisor to be of equivalent quality, as well as high quality money market instruments. The Fund attempts to provide a total return in excess of the rate of inflation over the long term (3 to 5 years). The Advisor is responsible for determining the allocation of Fund assets to be invested in equity and fixed income securities. The Advisor will adjust those allocations from time to time in response to market changes. • The Fund’s fixed income Investment Manager reviews the various sectors looking for historical patterns of undervalue or overvalue in an effort to identify appropriate fixed income securities to purchase. The Investment Manager also analyzes interest rate risk in the bond market and makes adjustments in the maturities of bonds to adjust for this risk. Lastly, if a bond is being downgraded, or the company has other issues that may affect the bond, the Investment Manager reviews it to see if the bond should be sold. • The Fund’s fixed income portfolio’s duration is adjusted based on a regularly conducted analysis of the interest rate risk. Typically, the duration of the Fund’s bond portfolio runs between 1 and 8 years. The Investment Manager shortens portfolio durations when its research indicates a rising interest rate environment to preserve capital. • The Fund’s equity securities are sold when such considerations as valuation, earnings and relative price strength are determined to warrant a sale. The Investment Manager reviews a stock if there is a major change in its corporate structure or management. • 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.
|
Strategy [Heading] | rr_StrategyHeading | PRINCIPAL INVESTMENT STRATEGIES |
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | • To achieve its goals, the Fund primarily invests in equity securities, including Exchange Traded Funds (“ETF’s”), and in fixed income securities. The Fund will normally hold both equity securities and fixed income securities, with at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities. • The Fund invests at least 25% of its assets in ETFs that invest primarily in equity securities, including ETF’s that are affiliated with the Fund. The Fund also invests at least 25% of its assets in fixed income securities. The Fund’s fixed income holdings are U.S. government securities, corporate bonds, municipal bonds and/or sovereign bonds of any maturity, as well as ETFs that invest primarily in such securities. Any non-US government securities in the Fund’s portfolio consist primarily of issues rated “Baa2” or better by Moody’s Investors Service, Inc. (“Moody’s”) or “BBB” or better by Standard & Poor’s Ratings Group (“S&P”) and unrated securities determined by the Advisor to be of equivalent quality, as well as high quality money market instruments. The Fund attempts to provide a total return in excess of the rate of inflation over the long term (3 to 5 years). The Advisor is responsible for determining the allocation of Fund assets to be invested in equity and fixed income securities. The Advisor will adjust those allocations from time to time in response to market changes. • The Fund’s fixed income Investment Manager reviews the various sectors looking for historical patterns of undervalue or overvalue in an effort to identify appropriate fixed income securities to purchase. The Investment Manager also analyzes interest rate risk in the bond market and makes adjustments in the maturities of bonds to adjust for this risk. Lastly, if a bond is being downgraded, or the company has other issues that may affect the bond, the Investment Manager reviews it to see if the bond should be sold. • The Fund’s fixed income portfolio’s duration is adjusted based on a regularly conducted analysis of the interest rate risk. Typically, the duration of the Fund’s bond portfolio runs between 1 and 8 years. The Investment Manager shortens portfolio durations when its research indicates a rising interest rate environment to preserve capital. • The Fund’s equity securities are sold when such considerations as valuation, earnings and relative price strength are determined to warrant a sale. The Investment Manager reviews a stock if there is a major change in its corporate structure or management. • 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.
|
Jan. 31, 2019 |
---|
Supplement Dated October 23, 2019 to the Statutory Prospectus of the Timothy Plan Family of Funds Dated January 31, 2019 (Class I) The Class I Shares Prospectus for the Timothy Plan Family of Funds, dated January 31, 2019, relating to the Timothy Plan Growth and Income Fund, is amended as follows: On page 43 of the prospectus, the Section entitled PRINCIPAL INVESTMENT STRATEGIES is deleted in its entirety and replaced with the following: PRINCIPAL INVESTMENT STRATEGIES • To achieve its goals, the Fund primarily invests in equity securities, including Exchange Traded Funds (“ETF’s”), and in fixed income securities. The Fund will normally hold both equity securities and fixed income securities, with at least 25% of its assets in equity securities and at least 25% of its assets in fixed income securities. • The Fund invests at least 25% of its assets in ETFs that invest primarily in equity securities, including ETF’s that are affiliated with the Fund. The Fund also invests at least 25% of its assets in fixed income securities. The Fund’s fixed income holdings are U.S. government securities, corporate bonds, municipal bonds and/or sovereign bonds of any maturity, as well as ETFs that invest primarily in such securities. Any non-US government securities in the Fund’s portfolio consist primarily of issues rated “Baa2” or better by Moody’s Investors Service, Inc. (“Moody’s”) or “BBB” or better by Standard & Poor’s Ratings Group (“S&P”) and unrated securities determined by the Advisor to be of equivalent quality, as well as high quality money market instruments. The Fund attempts to provide a total return in excess of the rate of inflation over the long term (3 to 5 years). The Advisor is responsible for determining the allocation of Fund assets to be invested in equity and fixed income securities. The Advisor will adjust those allocations from time to time in response to market changes. • The Fund’s fixed income Investment Manager reviews the various sectors looking for historical patterns of undervalue or overvalue in an effort to identify appropriate fixed income securities to purchase. The Investment Manager also analyzes interest rate risk in the bond market and makes adjustments in the maturities of bonds to adjust for this risk. Lastly, if a bond is being downgraded, or the company has other issues that may affect the bond, the Investment Manager reviews it to see if the bond should be sold. • The Fund’s fixed income portfolio’s duration is adjusted based on a regularly conducted analysis of the interest rate risk. Typically, the duration of the Fund’s bond portfolio runs between 1 and 8 years. The Investment Manager shortens portfolio durations when its research indicates a rising interest rate environment to preserve capital. • The Fund’s equity securities are sold when such considerations as valuation, earnings and relative price strength are determined to warrant a sale. The Investment Manager reviews a stock if there is a major change in its corporate structure or management. • 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.
|
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | TIMOTHY PLAN |
Prospectus Date | rr_ProspectusDate | Jan. 31, 2019 |
Document Creation Date | dei_DocumentCreationDate | Oct. 23, 2019 |
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Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 497 |
Document Period End Date | dei_DocumentPeriodEndDate | Sep. 30, 2018 |
Registrant Name | dei_EntityRegistrantName | TIMOTHY PLAN |
Central Index Key | dei_EntityCentralIndexKey | 0000916490 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Oct. 23, 2019 |
Document Effective Date | dei_DocumentEffectiveDate | Oct. 23, 2019 |
Prospectus Date | rr_ProspectusDate | Jan. 31, 2019 |
Entity Inv Company Type | dei_EntityInvCompanyType | N-1A |