The Timothy Plan
has added inflation-protecting Defensive Strategies Fund
to its roster, the company said in a press release
The Maitland, Florida-based fund company, which prides itself on "pro-life/pro-family" mutual funds, now has 11 funds under its umbrella.
The fund invests in commodities, real estate and Treasury Inflation-Protected Securities.
According to an SEC filing
, class A shares of the new fund carry a 550 basis point front-end sales load and a 133 bps expense ratio. Class C shares carry a 100 bps back-end load and a 208 bps ratio.
"We have serious concerns about the long-term negative impact recent governmental actions could have on the structural economic health of our nation," stated Arthur Ally, president of the fund family states. "We, therefore, felt it prudent to develop this non-traditional, defensive strategies fund that could, hopefully, serve to protect (to whatever degree possible) our shareholders' assets in either a hyper-inflationary or serious deflationary environment."
Stay ahead of the news ... Sign up for our email alerts now