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ETFs

Timothy Plan Market Neutral ETF

TPMN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 24 2023
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
Timothy Plan
Volume (1m avg. daily)
$196,895
AUM
$60,531,300
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
4.98%
ACS
ACS ACTIVIDADES CONS Y SERV
0.73%
POR
Portland General Electric Co
0.71%
NWE
Northwestern Corp.
0.71%
ALE
Allete, Inc.
0.67%
AVA
Avista Corp.
0.63%
EN
BOUYGUES SA
0.63%
BKH
Black Hills Corporation
0.61%
STE
SINGAPORE TECHNOLOGIES EN
0.59%
TEL
Telenor ASA
0.58%
Invest with TPMN

What is TPMN?

Timothy Plan's Market Neutral ETF is an exchange-traded fund that employs a propriety market-neutral investment strategy designed to seek income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets. The fund seeks to generate income from equities without equity volatility. It is designed to be an innovative solution to income generation in a low-rate environment, as well as an alternative income stream to fixed income. The Fund (or index) uses a multi-strategy approach. First, it seeks income from long positions in foreign and domestic dividend-producing equity securities of any market capitalization size. Second, the fund seeds to offset market risk by selling short high-correlating equity index futures contracts, such as the S&P 500 Index, Russell 2000 or MSCI EAFE Indexes, or exchange-traded funds (ETFs) that track such indexes. The Index then eliminates the companies that do not satisfy the eVALUEator proprietary Biblically Responsible Investing ("BRI") filtering criteria.

ETFs related toTPMN

ETFs correlated to TPMN include NAIL, ITB, XHB

TPMN
Timothy Plan - Timothy Plan Market Neutral ETF
NAIL
Direxion Shares ETF Trust - Direxion Daily Homebuilders & Supplies Bull 3X Shares
ITB
BlackRock Institutional Trust Company N.A. - iShares U.S. Home Construction ETF
XHB
SSgA Active Trust - SPDR Homebuilders ETF
PKB
Invesco Capital Management LLC - Invesco Dynamic Building & Construction ETF
IUSS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco RAFI Strategic US Small Company ETF
TDSC
Exchange Listed Funds Trust - Cabana Target Drawdown 10 ETF
PHO
Invesco Capital Management LLC - Invesco Water Resources ETF
MJ
ETF Managers Group LLC - ETFMG Alternative Harvest ETF
MPRO
Northern Lights Fund Trust IV - Monarch ProCap ETF
RZV
Invesco Capital Management LLC - Invesco S&P SmallCap 600 Pure Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

TPMN is a Global Equities ETF. Timothy Plan's Market Neutral ETF is an exchange-traded fund that employs a propriety market-neutral investment strategy designed to seek income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets. The fund seeks to generate income from equities without equity volatility. It is designed to be an innovative solution to income generation in a low-rate environment, as well as an alternative income stream to fixed income. The Fund (or index) uses a multi-strategy approach. First, it seeks income from long positions in foreign and domestic dividend-producing equity securities of any market capitalization size. Second, the fund seeds to offset market risk by selling short high-correlating equity index futures contracts, such as the S&P 500 Index, Russell 2000 or MSCI EAFE Indexes, or exchange-traded funds (ETFs) that track such indexes. The Index then eliminates the companies that do not satisfy the eVALUEator proprietary Biblically Responsible Investing ("BRI") filtering criteria.

Yes, TPMN is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, TPMN is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TPMN is -0.0135%. This is the percent change in the value of TPMN over the most recent 1-month period. The 3-month return on TPMN is %. This is the percent change in the value of TPMN over the most recent 3-month period.

ETFs similar to TPMN include IGF, PBW, and EFG.

ETFs correlated to TPMN include NAIL, ITB, and XHB.

ETFs that are inversely correlated to TPMN include TZA, SRTY, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.