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Tuesday, August 03, 2021|
A 27-Year-Old Fund Firm Launches Two ETFs
A faith-based mutual fund firm's team recently rolled out a pair of ETFs. The dual launch brings the 27-year-old fund family to 12 mutual funds and six ETFs in total.
"We used to review a myriad of charts and historical data points in an attempt to determine when we should move out of the markets and into cash for our more risk-averse investors," Ally states. "Now, we can structure an ETF to do that automatically."
TPLE and TPHE both come with expense ratios of 52 basis points. Timothy Partners, Ltd. serves as the investment advisor to both new ETFs, with Victory Capital Management, Inc. as subadvisor through its Victory Solutions team. Mannik Dhillon, president of VictoryShares and Victory Solutions, and Free Foutz, portfolio implementation manager for VictoryShares and Victory Solutions PM both ETFs.
Other service providers to the new ETFs include: Citi (specifically Citi Fund Services Ohio, Inc. and Citibank, N.A.) as administrator, custodian, fund accountant, and transfer agent; Cohen & Company, Ltd. as independent accounting firm; David Jones, Esq. as legal counsel; and Foreside Distributors as distributor.
Printed from: MFWire.com/story.asp?s=63210
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