US Small Cap Core ETF

IMPORTANT LEGAL INFORMATION

• You should consider the fund's investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the fund's prospectus. To obtain a copy, visit the prospectus page or call +1 (800) 846-7526. Read the prospectus carefully before investing.

ETF RISK

• All Investing involves risk, including the potential loss of principal.
  • Because the Index omits Excluded Securities, the Fund may be riskier than other funds that invest in a broader array of securities.
  • ETF redemptions are limited and commissions are often charged on each trade. ETFs may trade at a premium or discount to their net asset value.
  • The Fund invests in securities included in, or representative of securities included in, the Index, regardless of their investment merits. The performance of the Fund may diverge from that of the Index.
  • The value of your investment is also subject to geopolitical risks such as wars, terrorism, environmental disasters, and public health crises; the risk of technology malfunctions or disruptions; and the responses to such events by governments and/or individual companies.
• US Small Cap Core ETF (Commenced on December 2, 2019.):
  • Investments in smaller companies typically exhibit higher volatility.
  • The fund is also subject to liquidity risk, which is the risk that the Adviser may not be able to sell certain securities at an advantageous time or price, which may adversely affect the Fund. 
  • Nasdaq Victory U.S. Small Cap 500 Volatility Weighted Index (NQVWSC) is a volatility weighted index comprised of the 500 largest U.S. companies with market capitalizations of less than $3 billion with positive earnings in each of the four most recent quarters.
  • The Russell 2000® Index is a market-capitalization-weighted index that measures the performance of the 2,000 smallest U.S. stocks by market capitalization in the Russell 3000® Index.
  • Victory US Small Cap Volatility Weighted BRI Index (SNVSVB) eliminates companies from the NQVWSC that do not satisfy the proprietary Biblically Responsible Investing filtering criteria.
• US Large/Mid Cap Core ETF (Commenced on May 1, 2019):
  • The Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index (NQVWLC ("VICTORY500")) contains up to the 500 largest publicly traded stocks within the Nasdaq Global Index universe, has a Nasdaq country definition as United States and must have four consecutive quarters of net positive earnings.
  • The S&P 500® Index is a market-capitalization-weighted index that measures the performance of the common stocks of 500 leading U.S. companies.
  • Victory US Large/Mid Cap Volatility Weighted BRI Index (SNVVBX) is comprised of the companies listed within the VICTORY500 that also satisfy the proprietary Biblically Responsible Investing filtering criteria.
• US Large/Mid Cap Enhanced ETF (Commenced on July 28, 2021.):
  • Fixed income securities are subject to interest rate, inflation, credit and default risk. The bond market is volatile. Bonds and bond funds will decrease in value as interest rates rise and vice versa. Credit risk refers to the possibility that debt issuers may not be able to make principal and interest payments or may have their debt downgraded by ratings agencies.
  • Strategies intended to hedge risk may be partly or wholly unsuccessful.  
  • The Fund may frequently change its holdings, resulting in higher fees, lower returns, and more capital gains.
  • The Nasdaq Victory U.S. Large Cap 500 Long/Cash Volatility Weighted Index (NQVWLCC) reduces its exposure to the equity markets during periods of significant market declines and reinvests when market prices have further declined or rebounded.
  • The S&P 500® Index is a market-capitalization-weighted index that measures the performance of the common stocks of 500 leading U.S. companies.
  • Victory US Large/Mid Cap Long/Cash Volatility Weighted BRI Index (SNVVBC) eliminates companies from the NQVWLCCT that do not satisfy the proprietary Biblically Responsible Investing filtering criteria. The goal of the Long/Cash structure is to reduce exposure to equities during significant market decline periods by going partially to cash, and subsequently reallocating to stocks when market prices have further declined or rebounded.
• High Dividend Stock ETF (Commenced on May 1, 2019.):
  • Dividends are never guaranteed.
  • The Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index (NQVWLD) begins with up to the highest 100 dividend-yielding stocks within the Nasdaq Victory U.S. Large Cap 500 Volatility Weighted Index.
  • The Russell 1000® Value Index is a market-capitalization-weighted index that measures the performance of Russell1000® Index companies with lower price-to-book ratios and lower forecasted growth rates.
  • Victory US Large Cap High Dividend Volatility Weighted BRI Index (SNVDVB) is comprised of the highest 100 dividend-yielding stocks within the SNVVBX that satisfy the proprietary Biblically Responsible Investing filtering criteria.
• High Dividend Stock Enhanced ETF (Commenced on July 28, 2021.):
  • Fixed income securities are subject to interest rate, inflation, credit and default risk. The bond market is volatile. Bonds and bond funds will decrease in value as interest rates rise and vice versa. Credit risk refers to the possibility that debt issuers may not be able to make principal and interest payments or may have their debt downgraded by ratings agencies.
  • Strategies intended to hedge risk may be partly or wholly unsuccessful.  
  • The Nasdaq Victory U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Index (NQVWLDC) is based on the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index and has the ability to tactically reduce its exposure to the equity markets during periods of significant market decline and reinvests when market prices have further declined or rebounded.
  • The Russell 1000® Value Index is a market-capitalization-weighted index that measures the performance of Russell1000® Index companies with lower price-to-book ratios and lower forecasted growth rates.
  • Victory US Large Cap High Dividend Long/Cash Volatility Weighted BRI Index (SNVDVC) is comprised of the highest 100 dividend-yielding stocks within the SNVVBX. The goal of the Long/Cash structure is to reduce exposure to equities during significant market decline periods by going partially to cash, and subsequently reallocating to stocks when market prices have further declined or rebounded.
• International ETF (Commenced on December 2, 2019.):
  • International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.
  • The MSCI EAFE Index (MXEA) measures the performance of large- and mid-cap stocks in the developed markets, excluding the U.S. and Canada. The index covers approximately 85% of the free-float-adjusted market capitalization in each country.
  • The Nasdaq Victory International 500 Volatility Weighted Index (NQVWIL) contains up to the 500 largest publicly traded stocks within the Nasdaq Global Index universe, with Nasdaq classified region as developed market excluding the United States, and with four consecutive quarters of net positive earnings.
  • Victory International Volatility Weighted BRI Index (SNVIVB) eliminates companies from the NQVWIL that do not satisfy the proprietary Biblically Responsible Investing filtering criteria.
• Market Neutral ETF (Commenced on January 25, 2023.):
  • Investments in smaller companies typically exhibit higher volatility.
  • Derivatives may not work as intended and may result in losses. The Fund's use of futures contracts exposes the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not be perfect substitutes for securities.
  • Dividends are never guaranteed.
  • Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.
  • International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.
  • The Fund may frequently change its holdings, resulting in higher fees, lower returns, and more capital gains.
  • The S&P 500® Index is a market-capitalization-weighted index that measures the performance of the common stocks of 500 leading U.S. companies.
  • The Russell 2000® Index is a market-capitalization-weighted index that measures the performance of the 2,000 smallest U.S. stocks by market capitalization in the Russell 3000® Index.
  • The MSCI EAFE Index (MXEA) measures the performance of large- and mid-cap stocks in the developed markets, excluding the U.S. and Canada. The index covers approximately 85% of the free-float-adjusted market capitalization in each country.

PERFORMANCE

• Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate, so shares, when redeemed, may be worth more or less than their original cost. Performance during periods of exceptional market conditions should not be expected to be repeated in a normal market environment. Current performance may be lower or higher than that cited. ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The market price used to calculate the Closing Market Price is the last trade as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ. Index performance is shown for illustrative purposes only. It is not possible to invest directly in an unmanaged index.
• Total return figures reflect an expense limitation in effect during the periods shown; without such limitation, the performance shown would have been lower. Performance results assume the reinvestment of dividends and capital gains.
• Returns are average annual total returns, except those for periods of less than one year, which are cumulative. The inception date of the Victory US Large Cap Volatility Weighted BRI Total Return Index (ticker: SNVVBXT) is 04/01/2019, Victory US Large Cap High Dividend Volatility Weighted BRI Total Return Index (ticker: SNVDVBT) is 04/01/2019, Victory US Small Cap Volatility Weighted BRI Total Return Index (ticker: SNVSVBT) is 12/02/2019, and Victory International 500 Volatility Weighted BRI Total Return Index (ticker: SNVIVBT) is 12/02/2019 and returns are based on that inception date. Calendar year returns are shown at NAV.
• NAV % change is based on the last trade from the previous day's close and does not represent the returns an investor would receive if shares were traded at other times. Bid/ask midpoint is the midpoint between the highest and lowest offer, as of the time that the Fund's NAV is calculated, generally around 4pm (eastern time). Market price is the price of the last reported trade on the fund's primary exchange. Premium/discount % indicates whether the ETF is currently selling at a higher or lower price than the current value of the securities in that portfolio. The SEC yield is a standard yield calculation developed by the U.S. Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. The yield figure reflects the dividends and interest earned during the period after the deduction of the fund's expenses. Subsidized Yield reflects a fee waiver. Unsubsidized Yield represents what the yield would have been without the current fee waiver. The 12 month distribution rate is calculated by taking the Fund's NAV divided by the sum of the past 12 months' distributions. Source: Citi Fund Accounting

HOLDINGS

• Holdings are subject to change.
• Characteristics:
  Standard deviation is a measure of the dispersion of a set of data from its mean. Beta is a measure of the volatility, or systematic risk, of a security or portfolio relative to the market or a benchmark. Weighted harmonic average is the average market capitalization of all companies in a portfolio with each company weighted according to its percent of the portfolio.
  Market capitalization is the total dollar value of all outstanding shares computed as number of shares times current market price.
  Avg Price/Earnings Ratio (Last 12 Months & Next 12 Months) Shows the multiple of earnings at which a stock sells. Determined by dividing current stock price by earnings per share for the relevant 12 month period. Earnings per share for the P/E ratio are determined by dividing earnings for the relevant 12 month period by the number of common shares outstanding.
  Average Price/Book Ratio compares a stock's market value to the value of total assets less total liabilities (book value).
  Dividend yield is total cash dividends paid as a percent of market capitalization at the end of the period. The yield for the index is the total of all dividends paid over twelve months divided by the total market capitalization.
  Return on Equity is net income divided by common equity. A measure of how well a company used reinvested earnings to generate additional earnings.
  EPS is the portion of a company's profit allocated to each outstanding share of common stock.
  Earnings per share serves as an indicator of a company's profitability.
  Long-Term Debt/Capitalization is an indicator of financial leverage. Shows long-term debt as a proportion of the capital available. Determined by dividing long-term debt by the sum of long-term debt, preferred stock and common stockholder's equity. Source: FactSet Research Systems, Inc.
  
• Target metrics reflect our stated goals and are not absolute limits as these are affected by various factors like market fluctuations.
• Percentage allocations listed above may not sum to 100% due to rounding methodology.

OTHER IMPORTANT INFORMATION

• External Links: Certain hyperlinks will direct you to external, third-party websites that are not maintained by Timothy Partners, Ltd., Victory Capital, Foreside Fund Services, LLC., or any of their affiliates. Neither Timothy Partners, Ltd., Victory Capital nor Foreside Fund Services, LLC., controls these websites, or makes any representations or endorsements whatsoever concerning the content of the external sites. Please see our User Agreement for details.
• Victory Volatility Weighted Indexes are maintained by Nasdaq, Inc. (the "Index Provider"). The Index Provider is not affiliated with the Funds or the Funds' investment adviser, Victory Capital Management Inc.
• Nasdaq is a registered trademark of Nasdaq, Inc. and its affiliates (together, “Nasdaq”) and is licensed for use by Victory Capital. The Fund is not issued, endorsed, sold, or promoted by Nasdaq. Nasdaq makes no warranties as to the legality or suitability of, and bears no liability for, the Fund.
• Timothy Plan ETFs are distributed by Foreside Fund Services, LLC (Foreside). Victory Capital is not affiliated with Foreside.
• Learn more about Foreside at FINRA's BrokerCheck.
• Not a Deposit / Not FDIC or NCUA Insured / May Lose Value / No Bank or Credit Union Guarantee

FOOTNOTES

1.   As of Date: 12/19/24 
2.   Price: Value of one share on a given day.
3.   Change: From last quoted price.
4.   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.
5.   Timothy Plan US Large Cap Core ETF: Commenced on May 1, 2019.
6.   Timothy Plan High Dividend Stock ETF: Commenced on May 1, 2019.
7.   Timothy Plan US Small Cap Core ETF: Commenced on December 2, 2019.
8.   Timothy Plan International ETF: Commenced on December 2, 2019.
9.   Timothy Plan US Large/Cap Core Enhanced ETF: Commenced on July 28, 2021.
10.   Timothy Plan High Dividend Stock Enhanced ETF: Commenced on July 28, 2021.
11.   Timothy Plan Market Neutral ETF: Commenced on January 24, 2023.
    
    Please see prospectus for details.