0001752724-21-048139.txt : 20210310
0001752724-21-048139.hdr.sgml : 20210310
20210310154845
ACCESSION NUMBER: 0001752724-21-048139
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20201231
FILED AS OF DATE: 20210310
DATE AS OF CHANGE: 20210310
EFFECTIVENESS DATE: 20210310
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: TIMOTHY PLAN
CENTRAL INDEX KEY: 0000916490
IRS NUMBER: 597016828
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-08228
FILM NUMBER: 21729598
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
S000011344
Timothy Conservative Variable
C000031436
Timothy Conservative Variable
0000916490
S000011345
Timothy Strategic Variable
C000031437
Timothy Strategic Variable
0000916490
S000063763
Timothy Plan US Large/Mid Cap Core ETF
C000206641
Timothy Plan US Large/Mid Cap Core ETF
TPLC
0000916490
S000063764
Timothy Plan US Small Cap Core ETF
C000206642
Timothy Plan US Small Cap Core ETF
TPSC
0000916490
S000063765
Timothy Plan International ETF
C000206643
Timothy Plan International ETF
TPIF
0000916490
S000063766
Timothy Plan High Dividend Stock ETF
C000206644
Timothy Plan High Dividend Stock ETF
TPHD
N-CEN
1
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0000916490
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811-08228
true
false
false
N-1A
S000063766
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S000063763
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S000011345
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S000063765
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S000011344
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Timothy Plan
811-08228
0000916490
549300TW26XMX8DL8P98
1055 Maitland Center Commons
Maitland
32751
US-FL
US
1-800-846-7526
Foreside Distributors, LLC
3 Canal Plaza
Suite 100
Portland
04101
866-251-6920
Distributor of the Exchange Traded Funds
Timothy Partners, Ltd.
1055 Maitland Center Commons
Maitland
32751
407-644-1986
Investment Adviser to the Trust
Citi Fund Services Ohio, Inc.
4400 Easton Commons
Suite 200
Columbus
43219
614-470-8000
Administrator and Fund Accountant to the Exchange Traded Funds that maintains the accounting books and records for the Funds
Victory Capital Management, Inc.
4900 Tiedeman Road
4th Floor
Brooklyn
44144
877-660-4400
Sub-Investment Adviser to the Exchange Traded Funds
Gemini Fund Services
4221 N. 203rd St.
Suite 100
Elkhorn
68022
402-509-1066
Fund Accounting and Transfer Agent Records
Citibank, N.A.
388 Greenwhich Street
New York
10013
800-374-9700
Transfer Agent to the Exchange Traded Funds that maintains shareholder records and Custodian for assets of Exchange Traded Funds
N
N
N
N-1A
18
Y
Richard Copeland
N/A
N
Mathew D. Staver
N/A
Y
Patrice Tsague
N/A
N
Arthur D. Ally
000855097
Y
Dale Bissonette
N/A
N
John Mulder
N/A
N
Bill Johnson
N/A
N
Scott Preissler
N/A
N
Alan Ross
N/A
N
Deborah Honeycutt
N/A
N
Abraham Rivera
N/A
N
David Jones
N/A
20770 Hwy 281 N.
Suite 108-619
San Antonio
78258
XXXXXX
N
N
N
N
N
N
Foreside Fund Services, LLC
008-51293
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N/A
N
Timothy Partners, Ltd
8-49589
000041835
N/A
Y
N
Cohen & Company, Ltd.
925
N/A
N
N
N
N
N
N
N
Timothy Plan High Dividend Stock ETF
S000063766
549300FAVKUL2YUBVF05
N
1
1
0
Exchange-Traded Fund
N
N
Y
N
N/A
0
0
N/A
N
N
N
N
Timothy Partners, Ltd.
801-45766
000041835
N/A
N
Victory Capital Management Inc
801-46878
000106189
549300YNO08S1SH3I683
N
N
Citibank, N.A.
N/A
E57ODZWZ7FF32TWEFA76
N
N
N
ICE Data Services
5493000NQ9LYLDBCTL34
N
Refinitiv US LLC
213800HQORQAP68CJJ04
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
N
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
Citi Fund Services Ohio, Inc.
549300OX9HIV34JOX333
N
N
N
BONDS DIRECT
008-53235
000112297
N/A
18.94000000
RBC CAPITAL MARKETS, LLC
008-45411
000031194
549300LCO2FLSSVFFR64
32.92000000
SUSQUEHANNA SECURITIES
008-47034
000035874
549300RX9GZX8Y9IGJ81
33183.07000000
GOLDMAN SACHS & CO. LLC
008-00129
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FOR8UP27PHTHYVLBNG30
237.18000000
33472.11000000
CITIGROUP GLOBAL MARKETS INC.
008-08177
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MBNUM2BPBDO7JBLYG310
382126.90000000
CITADEL SECURITIES, LLC
008-53574
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GOLDMAN SACHS & CO. LLC
008-00129
000000361
FOR8UP27PHTHYVLBNG30
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MERRILL LYNCH PROFESSIONAL CLEARING CORP
008-33359
000016139
549300PMHS66E71I2D34
45300117.67000000
57660156.13000000
N
105266554.50000000
N
N
N
Timothy Plan US Large/Mid Cap Core ETF
S000063763
5493005RW4DOTZ7WGK45
N
1
1
0
Exchange-Traded Fund
N
N
Y
N
N/A
0
0
N/A
N
N
N
N
Timothy Partners, Ltd.
801-45766
000041835
N/A
N
Victory Capital Management Inc
801-46878
000106189
549300YNO08S1SH3I683
N
N
Citibank, N.A.
N/A
E57ODZWZ7FF32TWEFA76
N
N
N
Refinitiv US LLC
213800HQORQAP68CJJ04
N
ICE Data Services
5493000NQ9LYLDBCTL34
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
N
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
Citi Fund Services Ohio, Inc.
549300OX9HIV34JOX333
N
N
N
RBC CAPITAL MARKETS, LLC
008-45411
000031194
549300LCO2FLSSVFFR64
82.00000000
SUSQUEHANNA SECURITIES
008-47034
000035874
549300RX9GZX8Y9IGJ81
22506.98000000
GOLDMAN SACHS & CO. LLC
008-00129
000000361
FOR8UP27PHTHYVLBNG30
192.96000000
JEFFERIES LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
26.49000000
22808.43000000
CANTOR FITZGERALD & CO.
008-00201
000000134
5493004J7H4GCPG6OB62
2468773.73000000
CITADEL SECURITIES, LLC
008-53574
000116797
12UUJYTN7D3SW8KCSG25
23311214.03000000
CITIGROUP GLOBAL MARKETS INC.
008-08177
000007059
MBNUM2BPBDO7JBLYG310
279903.45000000
GOLDMAN SACHS & CO. LLC
008-00129
000000361
FOR8UP27PHTHYVLBNG30
7710.00000000
MERRILL LYNCH PROFESSIONAL CLEARING CORP
008-33359
000016139
549300PMHS66E71I2D34
76921308.65000000
102988909.86000000
N
144180174.49000000
N
N
N
Timothy Plan Strategic Growth Portfolio Variable Series
S000011345
54930010XZ8E66BC0661
N
1
0
0
Fund of Funds
Underlying fund
N
N
N
N
N/A
0
0
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 22d-1 (17 CFR 270.22d-1)
N
N
N
N
Timothy Partners Ltd.
801-45766
000041835
N/A
N
Gemini Fund Services, LLC
84-06083
N/A
N
N
N
ICE Data Services
N/A
N
N
U.S. BANK, N.A.
6BYL5QZYBDK8S7L73M02
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Gemini Fund Services, LLC
84-06083
Filling Number
N
N
N
Gemini Fund Services, LLC
N/A
N/A
N
N
N
WALLACHBETH CAPITAL LLC
8-67936
000147853
549300R371KUKXEXC133
849.27000000
849.27000000
US BANCORP
8-35359
000017868
H85Z6XZP8B10ES0M2G89
2252679.00000000
2252679.00000000
N
15745986.00000000
0.00000000
N
N
N
N
Timothy Plan US Small Cap Core ETF
S000063764
549300C6ZSD0DJ1FGO83
N
1
1
0
Exchange-Traded Fund
N
N
Y
N
N/A
0
0
N/A
N
N
N
N
Timothy Partners, Ltd.
801-45766
000041835
N/A
N
Victory Capital Management Inc
801-46878
000106189
549300YNO08S1SH3I683
N
N
Citibank, N.A.
N/A
E57ODZWZ7FF32TWEFA76
N
N
N
ICE Data Services
5493000NQ9LYLDBCTL34
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
Refinitiv US LLC
213800HQORQAP68CJJ04
N
N
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
Citi Fund Services Ohio, Inc.
549300OX9HIV34JOX333
N
N
N
RBC CAPITAL MARKETS, LLC
008-45411
000031194
549300LCO2FLSSVFFR64
181.18000000
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
16.77000000
SUSQUEHANNA SECURITIES
008-47034
000035874
549300RX9GZX8Y9IGJ81
16009.48000000
JEFFERIES LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
33.47999999
GOLDMAN SACHS & CO. LLC
008-00129
000000361
FOR8UP27PHTHYVLBNG30
84.42000000
16325.33000000
GOLDMAN SACHS & CO. LLC
008-00129
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FOR8UP27PHTHYVLBNG30
5665.70000000
RBC CAPITAL MARKETS, LLC
008-45411
000031194
549300LCO2FLSSVFFR64
222.94000000
MERRILL LYNCH PROFESSIONAL CLEARING CORP
008-33359
000016139
549300PMHS66E71I2D34
26546409.20000000
CITIGROUP GLOBAL MARKETS INC.
008-08177
000007059
MBNUM2BPBDO7JBLYG310
47000.00000000
CITADEL SECURITIES, LLC
008-53574
000116797
12UUJYTN7D3SW8KCSG25
18118269.24000000
44717567.08000000
N
23772906.55000000
N
N
N
Timothy Plan International ETF
S000063765
549300LZ49H0E23KKN61
N
1
1
0
Exchange-Traded Fund
N
N
Y
N
N/A
0
0
N/A
N
N
N
N
Timothy Partners, Ltd.
801-45766
000041835
N/A
N
Victory Capital Management Inc
801-46878
000106189
549300YNO08S1SH3I683
N
N
Citibank, N.A.
N/A
E57ODZWZ7FF32TWEFA76
N
N
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
Refinitiv US LLC
213800HQORQAP68CJJ04
N
ICE Data Services
5493000NQ9LYLDBCTL34
N
N
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
Citi Fund Services Ohio, Inc.
549300OX9HIV34JOX333
N
N
N
MERRILL LYNCH PROFESSIONAL CLEARING CORP
008-33359
000016139
549300PMHS66E71I2D34
1820.66000000
UBS SECURITIES LLC
008-22651
000007654
T6FIZBDPKLYJKFCRVK44
87.08000000
CITIGROUP GLOBAL MARKETS INC.
008-08177
000007059
MBNUM2BPBDO7JBLYG310
23680.87000000
RBC CAPITAL MARKETS
008-45411
000031194
549300LCO2FLSSVFFR64
426.69000000
CREDIT SUISSE SECURITIES (USA) LLC
008-00422
000000816
1V8Y6QCX6YMJ2OELII46
2.08000000
J.P. MORGAN SECURITIES LLC
008-35008
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ZBUT11V806EZRVTWT807
1898.06000000
MORGAN STANLEY & CO. LLC
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
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GOLDMAN SACHS & CO. LLC
008-00129
000000361
FOR8UP27PHTHYVLBNG30
217.08000000
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MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
008-07221
000007691
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J.P. MORGAN SECURITIES LLC
008-35008
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ZBUT11V806EZRVTWT807
21384108.50000000
GOLDMAN SACHS & CO. LLC
008-00129
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FOR8UP27PHTHYVLBNG30
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CITIGROUP GLOBAL MARKETS INC.
008-08177
000007059
MBNUM2BPBDO7JBLYG310
20000.00000000
38100017.42000000
N
40045186.43000000
N
N
N
Timothy Plan Conservative Growth Portfolio Variable Series
S000011344
549300V5POU9T4S7IE38
N
1
0
0
Fund of Funds
Underlying fund
N
N
N
N
N/A
0
0
Rule 22d-1 (17 CFR 270.22d-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
N
N
N
N
Timothy Partners Ltd.
801-45766
000041835
N/A
N
Gemini Fund Services, LLC
84-06083
N/A
N
N
N
ICE Data Services
N/A
N
N
U.S. BANK, N.A.
6BYL5QZYBDK8S7L73M02
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
Gemini Fund Services, LLC
84-06083
Filing Number
N
N
N
Gemini Fund Services, LLC
N/A
N/A
N
N
N
WALLACHBETH CAPITAL LLC
8-67936
000147853
549300R371KUKXEXC133
686.64000000
686.64000000
US BANCORP
8-35359
000017868
H85Z6XZP8B10ES0M2G89
2552167.65000000
2552167.65000000
N
12860331.00000000
0.00000000
N
N
N
N
Timothy Plan High Dividend Stock ETF
S000063766
N
50000.00000000
0.01281700
0.02398800
0.98718300
0.02398800
0.00597800
0.00000000
0.99402200
0.00000000
0.00000000
288.62000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
392.78999999
0.00000000
0.00000000
0.00000000
0.00000000
Y
Timothy Plan US Large/Mid Cap Core ETF
S000063763
N
50000.00000000
0.00612500
0.04143000
0.99387500
0.04143000
0.00328300
0.00196600
0.99671700
0.00196600
0.00000000
464.49000000
0.00000000
0.00000000
0.03000000
0.00000000
0.00000000
668.86000000
0.00000000
0.00000000
0.00000000
0.00000000
Y
Timothy Plan US Small Cap Core ETF
S000063764
N
50000.00000000
0.00436500
0.00342000
0.99563500
0.00342000
0.00390100
0.00207900
0.99609900
0.00207900
0.00000000
151.85000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
450.00000000
0.00000000
0.00000000
0.00000000
0.00000000
Y
Timothy Plan International ETF
S000063765
N
50000.00000000
0.10779600
0.01399500
0.89220400
0.01399500
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
2837.10000000
0.00000000
0.00000000
233.53000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
Y
false
false
true
false
false
false
INTERNAL CONTROL RPT
2
ETFicletter.txt
TIMOTHY ETFS 12.31.20
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Trustees of
The Timothy Plan
In planning and performing our audit of the financial statements
of Timothy Plan US Small Cap Core ETF, Timothy Plan US
Large/Mid Cap Core ETF (formerly Timothy Plan Large Cap Core
ETF), Timothy Plan High Dividend Stock ETF, and Timothy Plan
International ETF (the "Funds"), four of the portfolios
constituting The Timothy Plan, as of and for the year ended
December 31, 2020, in accordance with the standards of the
Public Company Accounting Oversight Board (United States)
(PCAOB), we considered the Funds' internal control over
financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures
for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-CEN,
but not for the purpose of expressing an opinion on the
effectiveness of the Funds' internal control over financial
reporting. Accordingly, we express no such opinion.
The management of the Funds is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected
benefits and related costs of controls. A fund's internal
control over financial reporting is a process designed to
provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles (GAAP). A fund's
internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of
the fund; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial
statements in accordance with GAAP, and that receipts and
expenditures of the fund are being made only in accordance
with authorizations of management and trustees of the fund;
and (3) provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or
disposition of a fund's assets that could have a material
effect on the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
A deficiency in internal control over financial reporting
exists when the design or operation of a control does not
allow management or employees, in the normal course of
performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a
deficiency, or combination of deficiencies, in internal
control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the
Funds' annual or interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Funds' internal control over
financial reporting was for the limited purpose described
in the first paragraph and would not necessarily disclose
all deficiencies in internal control that might be material
weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the Funds' internal
control over financial reporting and its operation,
including controls over safeguarding securities, that we
consider to be a material weakness as defined above as of
December 31, 2020.
This report is intended solely for the information and use
of management and the Board of Trustees of the Funds and
the Securities and Exchange Commission and is not intended
to be and should not be used by anyone other than these
specified parties.
COHEN & COMPANY, LTD.
Cleveland, Ohio
February 25, 2021
INTERNAL CONTROL RPT
3
icletter.txt
TIMOTHY VIT 12.31.20
REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM
To the Shareholders and Board of Trustees of
The Timothy Plan
In planning and performing our audit of the financial
statements of Timothy Plan Conservative Growth Portfolio
Variable Series and Timothy Plan Strategic Growth Portfolio
Variable Series (the Funds), two of the portfolios constituting
the Timothy Plan, as of and for the year ended December 31,
2020, in accordance with the standards of the Public
Company Accounting Oversight Board (United States)
(PCAOB), we considered the Funds internal control over
financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-
CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Funds internal control over financial
reporting. Accordingly, we express no such opinion.
The management of the Funds is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls. A funds
internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial
statements for external purposes in accordance with
generally accepted accounting principles (GAAP). A funds
internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the
fund; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial
statements in accordance with GAAP, and that receipts and
expenditures of the fund are being made only in accordance
with authorizations of management and trustees of the fund;
and (3) provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use or
disposition of a funds assets that could have a material effect
on the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of
performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a
deficiency, or combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable
possibility that a material misstatement of the Funds annual
or interim financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control that might be material weaknesses under
standards established by the PCAOB. However, we noted no
deficiencies in the Funds internal control over financial
reporting and its operation, including controls over
safeguarding securities, that we consider to be a material
weakness as defined above as of December 31, 2020.
This report is intended solely for the information and use of
management and the Board of Trustees of the Funds and the
Securities and Exchange Commission and is not intended to
be and should not be used by anyone other than these
specified parties.
/s/ COHEN & COMPANY, LTD.
Cleveland, Ohio
February 12, 2021