Alternative Investments/ESG: Timothy Plan Unveils Biblical High Dividend ETF
The new Timothy Plan biblically-oriented ETF aims to earn from high dividends.
Timothy Plan, an investment company based in Florida, has launched a new ETF that is suitable for investors who abide by biblical principles. The Timothy Plan Market Neutral ETF (NYSEARCA: TPMN) is a market-neutral strategy that aims to provide high dividends. It invests in dividend-paying stocks of companies across various market capitalizations in developed markets. (ETF Strategy)
To be included in the portfolio, companies must comply with the Christian principles outlined by the eVALUEator Biblically Responsible Investing (BRI) methodology, which eliminates companies involved in activities such as alcohol, tobacco, gambling, abortion, pornography, and promoting anti-family or alternative lifestyles.
The ETF may also invest in other biblically responsible ETFs offered by the fund house as an alternative to investing directly in equity securities.
“Timothy Plan is firmly committed to operating with the integrity, excellence, and wisdom that brings honor and glory to Jesus and is a beacon for godly stewardship in the financial community,” said president and CEO Art Ally.
The ETF seeks to neutralize the equity market exposure of its portfolio by taking short positions in broad index futures, primarily those based on the S&P 500 or Nasdaq 100, and generate income from the dividend-paying stocks.
The fund manager claims that the TPMN’s investment strategy aims to provide hedge-fund-like returns and an income stream that is independent and uncorrelated to the performance of equity and fixed income markets.
The ETF has been listed on NYSE Arca, and its expense ratio is 0.65%.
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