TPIF vs. IDLV ETF Comparison

Comparison of Timothy Plan International ETF (TPIF) to PowerShares S&P International Developed Low Volatility Portfolio (IDLV)

TPIF

Timothy Plan International ETF

TPIF Description

The investment seeks to provide investment results that track the performance of the Victory International 500 Volatility Weighted BRI Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets directly or indirectly in the securities included in the Victory International Volatility Weighted BRI Index, an unmanaged, volatility weighted index created by the Sub-Advisor. The index combines fundamental criteria with individual security risk control achieved through volatility weighting of individual securities, rather than traditional market cap weighting.

Grade (RS Rating)

Last Trade

$27.02

Average Daily Volume

12,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IDLV

PowerShares S&P International Developed Low Volatility Portfolio

IDLV Description

The PowerShares S&P International Developed Low Volatility Portfolio (Fund) is based on the S&P BMI International Developed Low Volatility Index ND (Index). The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poorâs and consists of the 200 least volatile stocks of the S&P Developed ex. US and South Korea LargeMid Cap BMI Index over the past 12 months. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$28.80

Average Daily Volume

14,135

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TPIF	IDLV
30 Days	-2.93%	-2.49%
60 Days	-4.91%	-4.81%
90 Days	-4.42%	-3.10%
12 Months	12.17%	10.82%

3 Overlapping Holdings

Symbol	Grade	Weight in TPIF	Weight in IDLV	Overlap
CNI	F	0.41%	0.51%	0.41%
E	F	0.37%	0.5%	0.37%
WCN	A	0.58%	0.57%	0.57%

TPIF Overweight 9 Positions Relative to IDLV

Symbol	Grade	Weight
ABBV	F	0.34%
RBA	A	0.33%
LYG	D	0.28%
XRX	F	0.25%
LOGI	D	0.25%
SMFG	B	0.23%
GOLD	C	0.2%
SHG	C	0.17%
KB	B	0.16%

TPIF Underweight 5 Positions Relative to IDLV

Symbol	Grade	Weight
UL	D	-0.52%
CCEP	C	-0.51%
TD	D	-0.51%
NVS	F	-0.49%
CHKP	C	-0.45%