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Defensive StrategiesUncompromising StandardsProfessionaly Managed
FUND MANAGEMENT TEAM
Protection of principal through an aggressive, proactive investment strategy
Timothy Plan's Defensive Strategies fund is another fund that is unique to Timothy Plan. As one of the only, if not the only, funds that holds physical gold bullion outside of a Central Bank, it is designed to provide security in times of uncertainty. Investing in real estate, TIPs and cash or cash equivalents, its objective is to provide stability should there be unpredictable market conditions such as high inflation or a rapid increase in interest rates. Call 1.800.846.7526 or chat online if you need any assistance.
Objective
The Fund's objective is to provide an investment option that will react to rapidly changing economic conditions.
Strategy
The adviser to the Defensive Strategies Fund intends to manage the allocation of the various sleeves in accordance with varying economic conditions. Currently the Fund's allocation is over-weighted in TIPS and cash while underweighted in REITs and commodity based ETFs. Key elements in guiding the allocation process are market conditions and the level of inflation or deflation. Although the adviser cannot guarantee or accurately predict future events, the adviser's primary goal is preservation of principal.
Is this fund right for you?
- This fund is committed to our comprehensive screening criteria.
- Low risk.
- Seeking stability and/or a safe-haven for rapidly changing economic conditions, such as inflation or increasing interest rates. · Inflation sensitive fund comprised of TIPS, REITs, cash and cash equivalents.
- Physical gold bullion held outside of a Central Bank.
Risk & Strategy
We have created a worksheet to help you decide which funds might meet your investment needs, Asset Allocation Investor Worksheet. Answer the questions, then add your points to consider an appropriate strategy. The scale attempts to create a spectrum of the funds using a broad brush criteria of aggressiveness/risk. The scale and order of funds may not be accurate at any point in time, because as the markets shift and change, so will the relative positions of the funds. This should be considered as a general guideline and not a scientifically created/maintained analytical tool. You may want to consider a more aggressive or more conservative diversification than your score indicates.
Management of the Fund
Barrow, Hanley, Mewhinney & Strauss, Inc. (BHMS) is a wholly owned subsidiary of Old Mutual Asset Managers, LLC, a subsidiary of Old Mutual plc, an international financial services group located in London, England.
John S. Williams
Mr. Williams joined BHMS in 1983 to launch fixed income management for our firm. Currently, he serves as the Chief Investment Officer for all fixed income strategies. In addition to developing portfolio strategy, he is responsible for risk management and assists on MBS sector management. While at BHMS, Mr. Williams has served on the United Asset Management Board and the Advisory Board for the Teacher Retirement System of Texas. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 40-year investment career, he served as an investment officer for Southland Life Insurance Company, where he was a corporate bond portfolio manager and private placement analyst. Prior to that, he was a portfolio manager for taxable and tax-exempt fixed income, as well as equities, in the trust department at InterFirst Bank Dallas. Mr. Williams earned an MBA and a BBA, both with Honors, from Texas Christian University.
David R. Hardin
Mr. Hardin joined BHMS in 1987. He serves as the lead portfolio manager for our Intermediate and Short Maturity strategies and is a generalist in fixed income credit research. He also manages our municipal portfolios. Prior to joining BHMS, Mr. Hardin was vice president and director of the fixed income group in the trust department at RepublicBank Dallas. He was responsible for the management of all fixed income assets, created and managed SEC-registered mutual funds, and was the first portfolio manager for their high yield corporate bond fund. Mr. Hardin began his 40-year investment career at American General Insurance Co. in Houston, where he served as a private placement portfolio manager and credit analyst. He received an M.Sc. from the London School of Economics and a BBA from Texas Christian University.
Mark C. Luchsinger, CFA
Mr. Luchsinger joined BHMS in 1997. He currently serves as a portfolio manager, specializing in investment grade and high yield corporate bond strategies and is the lead portfolio manager for our Core and Core Plus strategies. He is also a generalist in investment grade and high yield credit research. Mr. Luchsinger is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 35-year investment career, Mr. Luchsinger has served as Chief Investment Officer for Great American Reserve Insurance Company, where he was responsible for the management of corporate, mortgage, and private placement fixed income, as well as equity assets. Mr. Luchsinger began his career as a credit analyst at Scor Reinsurance Company. In addition, he spent 10 years in fixed income sales at First Boston Corporation. Mr. Luchsinger earned a BBA from Bowling Green State University.
Scott McDonald, CFA
Mr. McDonald joined BHMS in 1995. He currently serves as the lead portfolio manager for our Long Duration strategies, specializing in corporate and government bonds. He is also a generalist in investment grade fixed income credit research. He is a member of the CFA Institute and the CFA Society of Dallas-Fort Worth. During his 27-year investment career, Mr. McDonald previously served as senior vice president and portfolio manager at Life Partners Group, Inc., managing corporate bonds, private placements, and mortgages. While with Life Partners, he was responsible for implementing the investment strategy for their life insurance and annuity assets. Prior to that, he was a credit supervisor and lending officer for Chase Bank of Texas. Mr. McDonald received an MBA from the University of Texas and a BBA from Southern Methodist University.
Erik A. Olson
Mr. Olson joined BHMS in 2001. He is a senior analyst in credit research, focusing on the industrial sector for investment grade and high yield for both U.S. and non-U.S. corporate bonds. His career includes work as a research analyst for Sanders Morris Harris. He has also worked at Merrill Lynch and as the legislative assistant for the Interstate Natural Gas Association in Washington, D.C. Mr. Olson received an MBA from Texas Christian University, where he served as a portfolio manager for the William C. Conner Foundation Educational Investment Fund. He earned a BA from Emory University.
Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.
Babak "Bob" Zenouzi
Senior Vice President, Chief Investment Officer – Real Estate Securities and Income Solutions (RESIS)
Bob Zenouzi is the lead manager for the real estate securities and income solutions (RESIS) group at Delaware Investments, which includes the team, its process, and its institutional and retail products, which he created during his prior time with the firm. He also focuses on opportunities in Japan, Singapore, and Malaysia for the firm's global REIT product. He is also a member of the firm's asset allocation committee, which is responsible for building and managing multi-asset class portfolios. He rejoined Delaware Investments in May 2006 as senior portfolio manager and head of real estate securities. In his first term with the firm, he spent seven years as an analyst and portfolio manager, leaving in 1999 to work at Chartwell Investment Partners, where from 1999 to 2006 he was a partner and senior portfolio manager on Chartwell's Small-Cap Value portfolio. He began his career with The Boston Company, where he held several positions in accounting and financial analysis. Mr. Zenouzi earned a master's degree in finance from Boston College and a bachelor's degree in finance from Babson College. He is a member of the National Association of Real Estate Investment Trusts and the Urban Land Institute.
Damon J. Andres, CFA
Vice President, Senior Portfolio Manager
Damon J. Andres, who joined Delaware Investments in 1994 as an analyst, currently serves as a portfolio manager for the firm's real estate securities and income solutions (RESIS) group. From 1991 to 1994, he performed investment-consulting services as a consulting associate with Cambridge Associates. Andres earned a bachelor's degree in business administration with an emphasis in finance and accounting from the University of Richmond.
Mr. Scott P. Hastings, CFA, CPA
Vice President
Scott P. Hastings currently serves as a portfolio manager for the firm's real estate securities and income solutions (RESIS) group, a role he assumed in July 2016. Previously, he was a senior equity analyst for the RESIS group, where he performed fundamental bottom-up stock research across several subsectors of the domestic REIT universe, and focused on opportunities in Canada, Europe, the United Kingdom, and Australia for the firm's global REIT effort. Hastings joined Delaware Investments in 2004 as an analyst for the firm's RESIS group. Prior to joining the firm, he was a senior auditor with Deloitte & Touche. Hastings earned a bachelor's degree from Providence College and an MBA from Vanderbilt University. He is a member of the American Institute of Certified Public Accountants and the CFA Society of Philadelphia.
CoreCommodity Management is an independent investment advisor which has provided investment management services to sovereign wealth funds, public and corporate pensions, and endowments and foundations seeking commodities exposure.
Adam De Chiara
Co-Founder, Portfolio Manager
Adam De Chiara is a Co-Founder of CORE and the Portfolio Manager of the CORE Commodity Programs. Mr. De Chiara began his commodity career in 1991 at Goldman Sachs where he was responsible for trading the Goldman Sachs Commodity Index ("GSCI"). In 1994, Mr. De Chiara founded the commodity index group at AIG, where he designed and launched the Dow Jones—AIG Commodity Index. In 2003, Mr. De Chiara co-founded the commodities group at Jefferies. Mr. De Chiara received a BA from Harvard University and a JD from Harvard Law School.
IMPORTANT LEGAL INFORMATION
- Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total Returns With Sales Charge: returns reflect the deduction of the stated sales charge. Total returns, distribution rate, and yields reflect any applicable expense reductions, without which the results for those impacted funds would have been lower.
- For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
- Timothy Plan funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance. In general, Class A shares have a maximum initial sales charge; Class C shares have a 1% contingent deferred sales charge; Class I shares have no sales charges nor Rule 12b-1 fees.
- All investments involve risks, including possible loss of principal. Value securities may not increase in price as anticipated or may decline further in value. While smaller and midsize companies may offer substantial opportunities for capital growth, they also involve heightened risks and should be considered speculative. Historically, smaller- and midsize- company securities have been more volatile in price than larger-company securities, especially over the short term. The fund may invest in foreign securities, which may involve special risks, including currency fluctuations and economic and political uncertainty. These and other risks are detailed in the fund's prospectus.
- Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
FOOTNOTES
- As of Date: 7/1/20
- Price: Value of one share on a given day.
- Change: From last quoted price.
- Israel Common Values: Fund commenced on October 12, 2011.
- Growth & Income: Fund commenced on October 1, 2013.
- NAV Notes: Net asset values fluctuate. Shares are not insured or guaranteed and are redeemable at current net asset value, which may be more or less than the original cost. Class C Share redemption may also be subject to a contingent deferred sales charge. Class C Shares commenced trading February 2, 2004. Performance of fund classes will differ.
Please see prospectus for details.