Timothy Plan International ETF (TPIF)

On our desk, we are monitoring the institutional shift in TPIF closely. While 80 hedge funds and large institutions still hold about $128M in the fund, the recent 4.74% drop in aggregate ownership and a 25% decrease in funds holding it in their top 10 positions suggests some tactical reallocations are underway. Even so, the steady stream of first-time investments points to sustained niche interest.

Reviewing the risk metrics for TPIF against the MSCI EAFE NR USD benchmark, the fund displays a 1-year standard deviation of 14.34% and an alpha of +1.96. The Sharpe ratio of 1.56 indicates solid risk-adjusted returns over the period. However, information ratio pressures indicate that beating the broader category average consistently remains a hurdle for its volatility-weighted design.

When analyzing TPIF's process and portfolio construction, it is critical to look at its sector weightings. The fund leans heavily into Financial Services (25%) and Industrials (23%), with minor allocations to Basic Materials (9%) and Utilities (9%). Geographic diversification is robust, featuring prominent exposures to Canada, Switzerland, France, and Sweden, which helps balance regional macroeconomic shocks.

As a values-based alternative to traditional ESG international ETFs, Timothy Plan's TPIF continues to attract attention from faith-driven allocators. Trading around $38.69 with a market cap near $249M to $267M, its median market capitalization of $20.9B centers squarely on well-capitalized international large-caps that clear their screening criteria.

Evaluating the management structure under VictoryShares, with Mannik S. Dhillon and Lela Dunlap at the helm, provides clear operational continuity. Their volatility-weighting strategy is engineered to suppress portfolio variance while seeking higher returns than major market indices—a mandate that requires disciplined rebalancing through shifting international currency and equity cycles.