- ISIN
- US8874326155
- CUSIP
- 887432615
- Issuer
- Timothy Plan
- Inception Date
- May 7, 2007
- Category
- High Yield Bonds
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TPHAX Performance Chart
Timothy Plan High Yield Bond Fund (TPHAX) is up 2.0% since the beginning of the year. TPHAX is currently trading at $9 per share. Investors who bought $1,000 worth of TPHAX shares 5 years ago would now be looking at an investment worth $1,189.
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Returns By Period
Timothy Plan High Yield Bond Fund (TPHAX) has returned 1.98% so far this year and 6.25% over the past 12 months. Over the last ten years, TPHAX has returned 4.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Timothy Plan High Yield Bond Fund
- 1D
- 0.00%
- 1M
- 0.77%
- YTD
- 1.98%
- 6M
- 2.31%
- 1Y
- 6.25%
- 3Y*
- 8.03%
- 5Y*
- 3.53%
- 10Y*
- 4.99%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TPHAX Monthly Returns History
Based on dividend-adjusted daily data since May 10, 2007, TPHAX's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, an investment would double in approximately 13.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +11.5%, while the worst month was Oct 2008 at -18.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TPHAX closed higher 45% of trading days. The best single day was Jan 6, 2009 with a return of +3.2%, while the worst single day was Oct 10, 2008 at -4.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.44% | 0.22% | -1.36% | 2.03% | 0.44% | 0.22% | 1.98% | ||||||
| 2025 | 1.12% | 0.55% | -1.26% | 0.23% | 1.69% | 1.84% | 0.11% | 1.21% | 0.49% | -0.11% | 0.77% | 0.70% | 7.57% |
| 2024 | 0.46% | 0.11% | 1.30% | -0.46% | 1.26% | 1.03% | 1.70% | 1.34% | 1.10% | -0.66% | 0.89% | -0.36% | 7.95% |
| 2023 | 3.64% | -0.82% | 0.77% | 1.19% | -0.35% | 0.93% | 1.54% | -0.00% | -1.49% | -1.80% | 4.65% | 3.58% | 12.24% |
| 2022 | -2.14% | -1.14% | -1.35% | -3.45% | -0.33% | -7.26% | 5.99% | -2.31% | -4.61% | 2.63% | 1.95% | -0.30% | -12.24% |
| 2021 | 0.72% | 0.51% | 0.55% | 1.23% | -0.00% | 1.36% | -0.00% | 0.60% | 0.08% | -0.30% | -0.91% | 1.73% | 5.69% |
Benchmark Metrics
Timothy Plan High Yield Bond Fund has an annualized alpha of 3.80%, beta of 0.10, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since May 10, 2007.
- This fund participated in 43.65% of S&P 500 Index downside but only 38.67% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.10 may look defensive, but with R2 of 0.14 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.14 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.80%
- Beta
- 0.10
- R²
- 0.14
- Upside Capture
- 38.67%
- Downside Capture
- 43.65%
Expense Ratio
TPHAX has a high expense ratio of 1.39%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TPHAX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Timothy Plan High Yield Bond Fund (TPHAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TPHAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.78 | -0.23 |
| Martin ratioReturn relative to average drawdown | 12.67 | 12.44 | +0.23 |
Dividends
Dividend History
Timothy Plan High Yield Bond Fund provided a 5.68% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.49 | $0.51 | $0.47 | $0.38 | $0.42 | $0.41 | $0.39 | $0.35 | $0.33 | $0.35 | $0.40 |
Dividend yield | 5.68% | 5.39% | 5.75% | 5.35% | 4.60% | 4.23% | 4.26% | 4.11% | 4.13% | 3.55% | 3.88% | 4.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Timothy Plan High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.49 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.51 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.38 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Timothy Plan High Yield Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Timothy Plan High Yield Bond Fund was 35.48%, occurring on Dec 15, 2008. Recovery took 196 trading sessions.
The current Timothy Plan High Yield Bond Fund drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -35.48%Dec 2008 | 1y 2mo | 9mo 14d | 1y 11moOct 2007 - Sep 2009 |
COVID crash2020 | -22.38%Mar 2020 | 2mo 1d | 5mo 5d | 7mo 6dJan 2020 - Aug 2020 |
Bear market2022 | -15.98%Sep 2022 | 8mo 28d | 1y 5mo | 2y 2moJan 2022 - Mar 2024 |
2016 correction2016 | -13.18%Feb 2016 | 1y 7mo | 5mo 2d | 2y 5dJul 2014 - Jul 2016 |
2011 pullback2011 | -9.56%Oct 2011 | 4mo 14d | 4mo 5d | 8mo 19dMay 2011 - Feb 2012 |
Drawdown Indicators
| TPHAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -56.78% | +21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -9.10% | +6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.94% | -18.90% | +14.96% |
Max Drawdown (5Y)Largest decline over 5 years | -15.98% | -25.43% | +9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -22.38% | -33.92% | +11.54% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -10.71% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 2.03% | -1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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