THE TIMOTHY PLAN
1055 MAITLAND CENTER COMMONS
MAITLAND FL 32759
February 7, 2020
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 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 in the Prospectus, dated January 28 , 2020, as amended on February 3, 2020, for the Timothy Fund Class A & C shares of the following funds which include: Aggressive Growth Fund, International Fund, Large/Mid Cap Growth Fund, Small Cap Value Fund, Large/Mid Cap Value Fund, Fixed Income Fund, High Yield Bond Fund, Israel Common Values Fund, Defensive Strategies Fund, Growth and Income Fund, Strategic Growth Fund and Conservative Growth Fund.
If you have any questions or would like further information, please contact me at (407) 644-1986.
Sincerely,
/s/ Art Ally
Arthur Ally
President & Chairman of the Board
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Timothy Fixed Income Fund | |||||||||||||||||||||||||||||||||||||||||||||||||||
Fixed Income Fund CLASS A: TFIAX | CLASS C: TFICX | |||||||||||||||||||||||||||||||||||||||||||||||||||
INVESTMENT OBJECTIVE | |||||||||||||||||||||||||||||||||||||||||||||||||||
The investment objective of this Fund is to generate a high level of current income consistent with prudent investment risk. | |||||||||||||||||||||||||||||||||||||||||||||||||||
FEES AND EXPENSES | |||||||||||||||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Timothy Plan Funds. More information about these and other discounts is available from your financial professional and in “How to Reduce Your Sales Charge” on page 83 of the Prospectus and “Purchase, Redemption, and Pricing of Shares” on page 41 of the Funds’ Statement of Additional Information. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Example: | |||||||||||||||||||||||||||||||||||||||||||||||||||
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. For each share class offered, the Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and annual Fund operating expenses remain the same for each share class. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||||||||||||||||||||||||||||||||||||
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The Example does not reflect sales charges (loads) on reinvested dividends and other distributions. If these sales charges (loads) were included, your costs would be higher. | |||||||||||||||||||||||||||||||||||||||||||||||||||
PORTFOLIO TURNOVER | |||||||||||||||||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 53% of the average value of its portfolio. | |||||||||||||||||||||||||||||||||||||||||||||||||||
PRINCIPAL INVESTMENT STRATEGIES | |||||||||||||||||||||||||||||||||||||||||||||||||||
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PRINCIPAL RISKS | |||||||||||||||||||||||||||||||||||||||||||||||||||
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PAST PERFORMANCE | |||||||||||||||||||||||||||||||||||||||||||||||||||
The following bar chart and table provide some indication of the risks of investing in the Fund by showing the variability of the Fund’s performance from year to year and by comparing the Fund’s performance to a broad based index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More up-to-date returns are available on the Fund’s website at www.timothyplan.com, or by calling the Fund at (800) 846-7526. The bar chart does not reflect sales charges. If these charges were reflected, the returns would be less than those shown. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Year-by-year Annual Total Returns for Class A Shares (for calendar years ending on December 31) | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Average Annual Total Returns (for periods ending on December 31, 2019) | |||||||||||||||||||||||||||||||||||||||||||||||||||
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Label | Element | Value | |||||||||||||
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Registrant Name | dei_EntityRegistrantName | TIMOTHY PLAN | |||||||||||||
Prospectus Date | rr_ProspectusDate | Jan. 28, 2020 | |||||||||||||
Timothy Israel Common Values Fund | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Israel Common Values Fund CLASS A: TPAIX | CLASS C: TPCIX | |||||||||||||
Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE | |||||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The investment objective of this Fund is to provide you with long-term growth of capital. | |||||||||||||
Expense [Heading] | rr_ExpenseHeading | FEES AND EXPENSES | |||||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Timothy Plan Funds. More information about these and other discounts is available from your financial professional and in “How to Reduce Your Sales Charge” on page 83 of the Prospectus and “Purchase, Redemption, and Pricing of Shares” on page 41 of the Funds’ Statement of Additional Information. | |||||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (Fees paid directly from your investment) | |||||||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | PORTFOLIO TURNOVER | |||||||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 23% of the average value of its portfolio. | |||||||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 23.00% | |||||||||||||
Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | A one percent (1%) contingent deferred sales charge is imposed on any Class C shares sold within the first thirteen months after purchase. The Trust’s Distributor, Timothy Partners, Ltd., will pay a finders’ fee of 1% of the proceeds invested to brokers that purchase shares of the Funds in amounts from $1 million to $2 million, 0.75% on the next $1 million, 0.50% on the next $2 million, and 0.25% on all amounts in excess of $5 million. In such cases, those purchases will be subject to a contingent deferred sales charge of 1% for 18 months after the date of purchase. | |||||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Timothy Plan Funds. | |||||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 50,000 | |||||||||||||
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] | rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees | Total Annual Fund Operating Expenses do not correlate to the ratio of average net assets in the Financial Highlights Table, which reflects the operating expenses of the Fund and does not include Acquired Funds Fees and Expenses. | |||||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example: | |||||||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. For each share class offered, the Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and annual Fund operating expenses remain the same for each share class. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||
Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | The Example does not reflect sales charges (loads) on reinvested dividends and other distributions. If these sales charges (loads) were included, your costs would be higher. | |||||||||||||
Strategy [Heading] | rr_StrategyHeading | PRINCIPAL INVESTMENT STRATEGIES | |||||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
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Risk [Heading] | rr_RiskHeading | PRINCIPAL RISKS | |||||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
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Risk Lose Money [Text] | rr_RiskLoseMoney | As with most other mutual funds, you can lose money by investing in this Fund. | |||||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | PAST PERFORMANCE | |||||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table provide some indication of the risks of investing in the Fund by showing the variability of the Fund’s performance from year to year and by comparing the Fund’s performance to a broad based index. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More up-to-date returns are available on the Fund’s website at www.timothyplan.com, or by calling the Fund at (800) 846-7526. The bar chart does not reflect sales charges. If these charges were reflected, the returns would be less than those shown. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table provide some indication of the risks of investing in the Fund by showing the variability of the Fund’s performance from year to year and by comparing the Fund’s performance to a broad based index. | |||||||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | (800) 846-7526 | |||||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.timothyplan.com | |||||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. | |||||||||||||
Bar Chart [Heading] | rr_BarChartHeading | Year-by-year Annual Total Returns for Class A Shares (for calendar years ending on December 31) | |||||||||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The bar chart does not reflect sales charges. If these charges were reflected, the returns would be less than those shown. | |||||||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock |
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns (for periods ending on December 31, 2019) | |||||||||||||
Performance Table Does Reflect Sales Loads | rr_PerformanceTableDoesReflectSalesLoads | Class A share returns reflect the assessment of the maximum front-end sales load on the first business day of the year. | |||||||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | |||||||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. | |||||||||||||
Timothy Israel Common Values Fund | Class A | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Maximum sales charge (load) imposed on purchases (as % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.50% | |||||||||||||
Maximum deferred sales charges (load) (as a percentage of the lesser of original purchase price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | none | [1] | ||||||||||||
Redemption fees | rr_RedemptionFeeOverRedemption | none | |||||||||||||
Exchange fees | rr_ExchangeFeeOverRedemption | none | |||||||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | |||||||||||||
Distribution/Service (12b-1 Fees) | rr_DistributionAndService12b1FeesOverAssets | 0.25% | |||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.51% | |||||||||||||
Acquired Funds Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.01% | [2] | ||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.77% | |||||||||||||
1 Year | rr_ExpenseExampleYear01 | $ 720 | |||||||||||||
3 Years | rr_ExpenseExampleYear03 | 1,077 | |||||||||||||
5 Years | rr_ExpenseExampleYear05 | 1,457 | |||||||||||||
10 Years | rr_ExpenseExampleYear10 | $ 2,519 | |||||||||||||
2012 | rr_AnnualReturn2012 | 9.82% | |||||||||||||
2013 | rr_AnnualReturn2013 | 24.89% | |||||||||||||
2014 | rr_AnnualReturn2014 | (12.60%) | |||||||||||||
2015 | rr_AnnualReturn2015 | 0.89% | |||||||||||||
2016 | rr_AnnualReturn2016 | 10.51% | |||||||||||||
2017 | rr_AnnualReturn2017 | 27.06% | |||||||||||||
2018 | rr_AnnualReturn2018 | (7.52%) | |||||||||||||
2019 | rr_AnnualReturn2019 | 32.21% | |||||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter | |||||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Mar. 31, 2017 | |||||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 12.48% | |||||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter | |||||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2015 | |||||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (11.76%) | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 24.92% | [3] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 10.37% | [3] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 8.39% | [3],[4] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [3] | ||||||||||||
Timothy Israel Common Values Fund | Class C | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Maximum sales charge (load) imposed on purchases (as % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||||||
Maximum deferred sales charges (load) (as a percentage of the lesser of original purchase price or redemption proceeds) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | [1] | ||||||||||||
Redemption fees | rr_RedemptionFeeOverRedemption | none | |||||||||||||
Exchange fees | rr_ExchangeFeeOverRedemption | none | |||||||||||||
Management Fee | rr_ManagementFeesOverAssets | 1.00% | |||||||||||||
Distribution/Service (12b-1 Fees) | rr_DistributionAndService12b1FeesOverAssets | 1.00% | |||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.51% | |||||||||||||
Acquired Funds Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.01% | [2] | ||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.52% | |||||||||||||
1 Year | rr_ExpenseExampleYear01 | $ 355 | |||||||||||||
3 Years | rr_ExpenseExampleYear03 | 785 | |||||||||||||
5 Years | rr_ExpenseExampleYear05 | 1,340 | |||||||||||||
10 Years | rr_ExpenseExampleYear10 | 2,856 | |||||||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 255 | |||||||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 785 | |||||||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,340 | |||||||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 2,856 | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 30.16% | |||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 10.77% | |||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 8.30% | [4] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | |||||||||||||
Timothy Israel Common Values Fund | Return after taxes on distributions | Class A | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 24.96% | [3],[5] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 10.17% | [3],[5] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 8.01% | [3],[4],[5] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [3],[5] | ||||||||||||
Timothy Israel Common Values Fund | Return after taxes on distributions | Class C | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 30.18% | [5] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 10.62% | [5] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 7.96% | [4],[5] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [5] | ||||||||||||
Timothy Israel Common Values Fund | Return after taxes on distributions and sale of shares | Class A | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 15.27% | [3],[5] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 8.24% | [3],[5] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 6.63% | [3],[4],[5] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [3],[5] | ||||||||||||
Timothy Israel Common Values Fund | Return after taxes on distributions and sale of shares | Class C | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 18.04% | [5] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 8.55% | [5] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 6.56% | [4],[5] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [5] | ||||||||||||
Timothy Israel Common Values Fund | Israel TA 125 Index (reflects no deduction for fees, expenses or taxes) | Class A | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 31.50% | [3],[6] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 7.22% | [3],[6] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 7.10% | [3],[4],[6] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [3],[6] | ||||||||||||
Timothy Israel Common Values Fund | Israel TA 125 Index (reflects no deduction for fees, expenses or taxes) | Class C | |||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 31.50% | [6] | ||||||||||||
5 Year | rr_AverageAnnualReturnYear05 | 7.22% | [6] | ||||||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 7.10% | [4],[6] | ||||||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 12, 2011 | [6] | ||||||||||||
|
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