TFIAX Fees and Costs — Timothy Fixed Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.15%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.50% other expenses, less a 0.20% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 28%.
TFIAX Fees and Expenses
Annual operating expenses and sales charges of TFIAX. Prospectus, as of May 5, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
TFIAX Costs Over Time
On $10,000 invested in TFIAX, assuming 5% a year before costs, total costs come to $1,259 over 5 years, cutting the return by 2.16% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.15%) | $115 | $359 | $622 |
| Lost growth on money paid in costs | $22 | $89 | $187 |
| Total costs | $588 | $898 | $1,259 |
| Value after costs | $9,912 | $10,678 | $11,504 |
| Impact on return, per year | 5.88% | 2.79% | 2.16% |
TFIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $48.3M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
TFIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $23.6M | 48.98% |
| JPMORGAN CHASE | $7.3M | 15.12% |
| CITIGROUP | $4.2M | 8.70% |
| NOMURA GROUP | $3.4M | 7.11% |
| MORGAN STANLEY SMITH BARNEY | $2.5M | 5.20% |
| MITSUBISHI | $2.3M | 4.81% |
| WELLS FARGO SECURITIES, LLC | $1.7M | 3.45% |
| MIZUHO | $1.7M | 3.45% |
| FCSTONE | $1.5M | 3.18% |
Timothy Fixed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TPFIX | Class I | 0.90% | — |
| TFIAX | Class A | 1.15% | 4.50% |
| TFICX | Class C | 1.90% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.