The team at a $1.99-billion-AUM, 29-year-old, Orlando area mutual fund firm that specializes in faith-based investing are rolling out their seventh ETF.
| Arthur D. "Art" Ally|
On Monday, Art Ally
, president and CEO of Timothy Partners, Ltd.
], unveiled the launch of the Timothy Plan Market Neutral ETF
(TPMN on the NYSE
). The actively managed fund is a series of the Timothy Plan
TPMN's inception date was January 24, and as of yesterday it had $58.7 million in AUM. The new fund comes with an expense ratio of 65 basis points.
Maitland, Florida-based TPL serves as TPMN's investment advisor, and San Antonio, Texas-based Victory Capital Management, Inc.
(through its Victory Solutions team) serves as subadvisor. The new fund's PM team includes: Mannik Dhillon
, president of Victory's VictoryShares and Solutions platform; Free Foutz
, portfolio implementation manager for the VictoryShares and Solutions platform; Lance Humphrey
, senior portfolio manager for VictoryShares; and Scott Kefer
, senior PM for VictoryShares.
The launch of TPMN comes three years at TPL entered
the ETF space. The TPL team notes that their ETFs have surpassed $500 billion in combined AUM.
"Our funds are part of a rapidly growing niche market," Ally states. "It's about providing Christians a way to invest according to their faith."
The new fund's other service providers include: Citi Fund Services Ohio, Inc.
as administrator and fund accountant; Citibank, N.A. as custodian and transfer agent; Cohen & Company, Ltd.
as independent accounting firm; Drake Compliance, LLC
as chief compliance officer; and Foreside Distributors
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