Schedule of Portfolio Investments
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Common Stocks (99.7%) | ||||
Communication Services (2.3%): | ||||
Cogent Communications Holdings, Inc. | 1,903 | 134,809 | ||
EW Scripps Co. (The), Class A | 4,088 | 73,829 | ||
Gray Television, Inc. | 6,033 | 137,673 | ||
IDT Corp., Class B(a) | 2,454 | 102,945 | ||
Loral Space & Communications, Inc. | 1,747 | 75,138 | ||
QuinStreet, Inc.(a) | 5,691 | 99,934 | ||
Sciplay Corp., Class A(a) | 4,658 | 96,374 | ||
Shenandoah Telecommunication Co. | 2,765 | 87,319 | ||
Techtarget, Inc.(a) | 1,121 | 92,393 | ||
Telephone & Data Systems, Inc. | 4,977 | 97,051 | ||
TrueCar, Inc.(a) | 13,114 | 54,554 | ||
US Cellular Corp.(a) | 3,422 | 109,128 | ||
1,161,147 | ||||
Consumer Discretionary (10.5%): | ||||
1-800-Flowers.com, Inc., Class A(a) | 2,922 | 89,150 | ||
Adtalem Global Education, Inc.(a) | 3,009 | 113,770 | ||
American Public Education, Inc.(a) | 2,857 | 73,168 | ||
America’s Car-Mart, Inc.(a) | 792 | 92,490 | ||
Beazer Homes USA, Inc.(a) | 3,845 | 66,326 | ||
Big Lots, Inc. | 1,161 | 50,341 | ||
Boot Barn Holdings, Inc.(a) | 1,149 | 102,112 | ||
Camping World Holdings, Inc., Class A | 1,609 | 62,542 | ||
Carriage Services, Inc. | 3,495 | 155,842 | ||
Cavco Industries, Inc.(a) | 495 | 117,186 | ||
Century Communities, Inc. | 1,279 | 78,595 | ||
Citi Trends, Inc.(a) | 1,001 | 73,033 | ||
Clarus Corp. | 7,493 | 192,046 | ||
Container Store Group, Inc. (The)(a) | 3,191 | 30,378 | ||
Duluth Holdings, Inc., Class B(a) | 5,061 | 68,981 | ||
El Pollo Loco Holdings, Inc.(a) | 5,616 | 94,910 | ||
Ethan Allen Interiors, Inc. | 3,883 | 92,027 | ||
Franchise Group, Inc. | 2,777 | 98,334 | ||
Gentherm, Inc.(a) | 1,614 | 130,621 | ||
G-III Apparel Group Ltd.(a) | 2,116 | 59,883 | ||
Green Brick Partners, Inc.(a) | 3,416 | 70,096 | ||
Group 1 Automotive, Inc. | 510 | 95,819 | ||
GrowGeneration Corp.(a) | 751 | 18,527 | ||
Haverty Furniture Cos., Inc. | 2,451 | 82,623 | ||
Hibbett, Inc. | 1,056 | 74,701 | ||
Jack In The Box, Inc. | 1,221 | 118,840 | ||
Johnson Outdoors, Inc., Class A | 867 | 91,729 | ||
Kontoor Brands, Inc. | 1,659 | 82,867 | ||
La Z Boy, Inc. | 3,186 | 102,685 | ||
Lands’ End, Inc.(a) | 2,394 | 56,355 | ||
LGI Homes, Inc.(a) | 599 | 85,004 | ||
Liquidity Services, Inc.(a) | 2,835 | 61,264 | ||
Lumber Liquidators Holdings, Inc.(a) | 2,775 | 51,837 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Consumer Discretionary (10.5%): (continued) | ||||
M/I Homes, Inc.(a) | 1,423 | 82,249 | ||
Malibu Boats, Inc.(a) | 1,081 | 75,648 | ||
MarineMax, Inc.(a) | 1,472 | 71,421 | ||
Monro, Inc. | 1,744 | 100,297 | ||
Motorcar Parts of America, Inc.(a) | 4,174 | 81,393 | ||
Nautilus, Inc.(a) | 3,102 | 28,880 | ||
OneWater Marine, Inc. | 1,889 | 75,957 | ||
Papa John’s International, Inc. | 1,212 | 153,912 | ||
Perdoceo Education Corp.(a) | 8,933 | 94,332 | ||
PetMed Express, Inc. | 1,896 | 50,946 | ||
Sally Beauty Holdings, Inc.(a) | 4,035 | 67,990 | ||
Shoe Carnival, Inc. | 2,933 | 95,088 | ||
Skyline Champion Corp.(a) | 1,943 | 116,697 | ||
Smith & Wesson Brands, Inc. | 3,923 | 81,441 | ||
Standard Motor Products | 2,870 | 125,448 | ||
Strategic Education, Inc. | 1,103 | 77,761 | ||
Stride, Inc.(a) | 2,466 | 88,628 | ||
Sturm Ruger & Co. | 1,586 | 117,015 | ||
Superior Group of Cos., Inc. | 2,880 | 67,075 | ||
The Buckle, Inc. | 1,945 | 77,003 | ||
Tri Pointe Group, Inc.(a) | 4,282 | 90,008 | ||
Tupperware Corp.(a) | 1,446 | 30,540 | ||
Turtle Beach Corp.(a) | 2,464 | 68,548 | ||
Universal Electronics, Inc.(a) | 2,060 | 101,455 | ||
Vista Outdoor, Inc.(a) | 2,159 | 87,029 | ||
Winmark Corp. | 943 | 202,773 | ||
Winnebago Industries, Inc. | 1,177 | 85,274 | ||
XPEL, Inc.(a) | 1,050 | 79,653 | ||
Zumiez, Inc.(a) | 1,910 | 75,942 | ||
5,384,485 | ||||
Consumer Staples (6.2%): | ||||
Andersons, Inc. (The) | 2,947 | 90,856 | ||
B&G Foods, Inc. | 3,482 | 104,077 | ||
Cal-Maine Foods, Inc. | 4,721 | 170,711 | ||
Central Garden And Pet Co., Class A(a) | 2,966 | 127,538 | ||
Coca-Cola Consolidated, Inc. | 456 | 179,746 | ||
Edgewell Personal Care Co. | 3,289 | 119,391 | ||
elf Beauty, Inc.(a) | 4,271 | 124,072 | ||
Fresh Del Monte Produce, Inc. | 4,684 | 150,918 | ||
Hostess Brands, Inc.(a) | 14,672 | 254,853 | ||
Ingles Markets, Inc. | 2,261 | 149,294 | ||
Inter Parfums, Inc. | 1,655 | 123,744 | ||
John B. Sanfilippo & Son, Inc. | 1,944 | 158,864 | ||
Medifast, Inc. | 450 | 86,688 | ||
Natural Grocers by Vitamin Cottage, Inc. | 4,486 | 50,333 | ||
Nu Skin Enterprises, Inc., Class A | 2,202 | 89,115 | ||
PriceSmart, Inc. | 1,796 | 139,280 | ||
Seneca Foods Corp., Class A(a) | 2,022 | 97,501 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Consumer Staples (6.2%): (continued) | ||||
SpartanNash Co. | 4,730 | 103,587 | ||
Sprouts Farmers Market, Inc.(a) | 4,947 | 114,622 | ||
The Simply Good Foods Co.(a) | 3,710 | 127,958 | ||
Tootsie Roll Industries, Inc. | 3,370 | 102,549 | ||
TreeHouse Foods, Inc.(a) | 2,385 | 95,114 | ||
United Natural Foods, Inc.(a) | 1,838 | 88,996 | ||
Usana Health Sciences, Inc.(a) | 1,398 | 128,896 | ||
Veru, Inc.(a) | 3,265 | 27,850 | ||
Weis Markets, Inc. | 2,920 | 153,446 | ||
3,159,999 | ||||
Energy (1.4%): | ||||
Bonanza Creek Energy, Inc. | 2,124 | 101,740 | ||
Cactus, Inc., Class A | 2,416 | 91,131 | ||
Clean Energy Fuels Corp.(a) | 3,397 | 27,686 | ||
Dorian LPG, Ltd. | 7,470 | 92,703 | ||
Helix Energy Solutions Group, Inc.(a) | 11,591 | 44,973 | ||
International Seaways, Inc. | 8,573 | 156,200 | ||
REX American Resources Corp.(a) | 831 | 66,372 | ||
W&T Offshore, Inc.(a) | 16,217 | 60,327 | ||
World Fuel Services Corp. | 2,391 | 80,385 | ||
721,517 | ||||
Financials (25.3%): | ||||
1st Source Corp. | 2,463 | 116,352 | ||
Allegiance Bancshares, Inc. | 2,829 | 107,926 | ||
American Equity Investment Life Holding Co. | 2,199 | 65,024 | ||
American National Group, Inc. | 1,383 | 261,428 | ||
Amerisafe, Inc. | 2,795 | 156,967 | ||
Atlantic Union Bankshares | 2,506 | 92,346 | ||
Axos Financial, Inc.(a) | 2,315 | 119,315 | ||
B Riley Financial, Inc. | 1,902 | 112,294 | ||
Bancfirst Corp. | 1,328 | 79,839 | ||
BanCorp, Inc. (The)(a) | 4,158 | 105,821 | ||
Banner Corp. | 1,762 | 97,280 | ||
BGC Partners, Inc., Class A | 17,086 | 89,018 | ||
Brightsphere Investment Group, Inc. | 4,773 | 124,718 | ||
Brookline BanCorp, Inc. | 7,495 | 114,374 | ||
Capitol Federal Financial, Inc. | 10,700 | 122,943 | ||
Cathay General BanCorp | 2,572 | 106,455 | ||
City Holding Co. | 1,693 | 131,902 | ||
Columbia Financial, Inc.(a) | 9,317 | 172,365 | ||
Community Trust BanCorp, Inc. | 2,841 | 119,606 | ||
ConnectOne BanCorp, Inc. | 3,742 | 112,297 | ||
Cowen, Inc., Class A | 2,372 | 81,383 | ||
Customers BanCorp, Inc. | 2,686 | 115,552 | ||
CVB Financial Corp. | 5,280 | 107,554 | ||
Dime Community Bancshares, Inc. | 3,101 | 101,279 | ||
eHealth, Inc.(a) | 807 | 32,683 | ||
Employers Holdings, Inc. | 3,758 | 148,403 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Financials (25.3%): (continued) | ||||
Encore Capital Group, Inc.(a) | 2,330 | 114,799 | ||
Enova International, Inc.(a) | 2,565 | 88,621 | ||
Enterprise Financial Services Corp. | 2,162 | 97,895 | ||
FB Financial Corp. | 2,456 | 105,313 | ||
Federal Agricultural Mortgage Corp., Class C | 1,426 | 154,750 | ||
Federated Hermes, Inc. | 3,663 | 119,047 | ||
First BanCorp. | 8,197 | 107,791 | ||
First BanCorp/Southern Pines NC | 2,436 | 104,772 | ||
First Busey Corp. | 4,421 | 108,889 | ||
First Commonwealth Financial Corp. | 7,091 | 96,650 | ||
First Financial BanCorp. | 3,849 | 90,105 | ||
First Foundation, Inc. | 4,993 | 131,316 | ||
First Interstate Bancsys, Class A | 2,673 | 107,615 | ||
First Merchants Corp. | 2,273 | 95,102 | ||
First Midwest BanCorp, Inc. | 4,676 | 88,891 | ||
FirstCash, Inc. | 1,914 | 167,475 | ||
Flagstar BanCorp, Inc. | 2,996 | 152,137 | ||
Fulton Financial Corp. | 5,924 | 90,519 | ||
German American BanCorp, Inc. | 2,950 | 113,958 | ||
Great Southern BanCorp, Inc. | 2,349 | 128,749 | ||
Green Dot Corp., Class A(a) | 2,286 | 115,054 | ||
Heartland Financial USA, Inc. | 2,245 | 107,940 | ||
Heritage Financial Corp. | 3,908 | 99,654 | ||
Hilltop Holdings, Inc. | 3,580 | 116,959 | ||
HomeStreet, Inc. | 2,792 | 114,891 | ||
Hope BanCorp, Inc. | 6,488 | 93,687 | ||
Horace Mann Educators | 3,669 | 145,990 | ||
Horizon BanCorp, Inc. | 5,872 | 106,694 | ||
International Bancshares Corp. | 2,425 | 100,977 | ||
James River Group Holdings Ltd. | 2,752 | 103,833 | ||
Kearny Financial Corp. | 9,863 | 122,597 | ||
Lakeland BanCorp, Inc. | 6,192 | 109,165 | ||
Lakeland Financial Corp. | 1,999 | 142,409 | ||
Live Oak Bancshares, Inc. | 1,267 | 80,619 | ||
Merchants BanCorp | 2,769 | 109,292 | ||
Meridian BanCorp, Inc. | 6,076 | 126,138 | ||
Meta Financial Group, Inc. | 1,947 | 102,179 | ||
Mr Cooper Group, Inc.(a) | 3,308 | 136,190 | ||
National Bank Holdings Corp., Class A | 3,065 | 124,071 | ||
National Western Life Group, Inc., Class A | 463 | 97,503 | ||
Navient Corp. | 6,964 | 137,400 | ||
NBT BanCorp, Inc. | 3,122 | 112,767 | ||
Nelnet, Inc., Class A | 2,192 | 173,694 | ||
Nicolet Bankshares, Inc.(a) | 1,789 | 132,708 | ||
NMI Holdings, Inc.(a) | 4,606 | 104,142 | ||
Northfield BanCorp, Inc. | 7,823 | 134,243 | ||
Northwest Bancshares, Inc. | 8,963 | 119,029 | ||
Oceanfirst Financial Corp. | 4,572 | 97,887 | ||
OFG BanCorp | 4,076 | 102,797 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Financials (25.3%): (continued) | ||||
Old National BanCorp | 6,652 | 112,751 | ||
Origin BanCorp, Inc. | 2,335 | 98,887 | ||
Palomar Holdings, Inc.(a) | 1,073 | 86,731 | ||
Park National Corp. | 763 | 93,048 | ||
Piper Sandler Cos. | 1,096 | 151,752 | ||
PJT Partners, Inc., Class A | 2,319 | 183,456 | ||
PRA Group, Inc.(a) | 3,704 | 156,087 | ||
Preferred Bank | 1,757 | 117,157 | ||
Premier Financial Corp. | 2,964 | 94,374 | ||
Provident Financial Services, Inc. | 4,764 | 111,811 | ||
Renasant Corp. | 2,795 | 100,760 | ||
S&T BanCorp, Inc. | 2,834 | 83,518 | ||
Safety Insurance Group, Inc. | 2,067 | 163,810 | ||
Sandy Spring BanCorp, Inc. | 2,512 | 115,100 | ||
Seacoast Banking Corp. | 2,851 | 96,392 | ||
Servisfirst Bancshares, Inc. | 2,092 | 162,758 | ||
Silvergate Capital Corp., Class A(a) | 292 | 33,726 | ||
SiriusPoint, Ltd.(a) | 12,948 | 119,898 | ||
Southside Bancshares, Inc. | 3,473 | 132,981 | ||
Stewart Information Services | 2,156 | 136,389 | ||
Stock Yards BanCorp, Inc. | 2,449 | 143,634 | ||
StoneX Group, Inc.(a) | 1,807 | 119,081 | ||
Tompkins Financial Corp. | 1,372 | 111,009 | ||
Towne Bank | 3,667 | 114,080 | ||
TriCo Bancshares | 2,349 | 101,947 | ||
Triumph BanCorp, Inc.(a) | 1,062 | 106,338 | ||
Trustmark Corp. | 3,610 | 116,314 | ||
United Community Banks, Inc. | 3,201 | 105,057 | ||
Univest Financial Corp. | 3,614 | 98,987 | ||
Veritex Holdings, Inc. | 3,258 | 128,235 | ||
Virtus Investment Partners, Inc. | 481 | 149,264 | ||
Washington Federal, Inc. | 3,963 | 135,971 | ||
Washington Trust BanCorp, Inc. | 2,227 | 117,986 | ||
WesBanco, Inc. | 2,919 | 99,480 | ||
Westamerica BanCorp. | 2,386 | 134,236 | ||
World Acceptance Corp.(a) | 528 | 100,098 | ||
WSFS Financial Corp. | 1,975 | 101,337 | ||
12,964,467 | ||||
Health Care (9.9%): | ||||
Accuray, Inc.(a) | 13,363 | 52,784 | ||
Addus Homecare Corp.(a) | 1,157 | 92,271 | ||
Antares Pharma, Inc.(a) | 24,110 | 87,760 | ||
Apollo Medical Holdings, Inc.(a) | 4,701 | 428,026 | ||
Atrion Corp. | 234 | 163,215 | ||
BioDelivery Sciences International, Inc.(a) | 25,626 | 92,510 | ||
Brookdale Senior Living, Inc.(a) | 8,626 | 54,344 | ||
Cara Therapeutics, Inc.(a) | 3,723 | 57,520 | ||
Catalyst Pharmaceuticals, Inc.(a) | 18,889 | 100,112 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Health Care (9.9%): (continued) | ||||
Co-Diagnostics, Inc.(a) | 4,237 | 41,226 | ||
Coherus Biosciences, Inc.(a) | 6,978 | 112,136 | ||
Collegium Pharmaceutical, Inc.(a) | 4,244 | 83,777 | ||
Community Health Systems, Inc.(a) | 4,282 | 50,099 | ||
Computer Programs & Systems(a) | 4,077 | 144,570 | ||
Corcept Therapeutics, Inc.(a) | 2,434 | 47,901 | ||
CorVel Corp.(a) | 1,613 | 300,373 | ||
Eagle Pharmaceuticals, Inc.(a) | 3,169 | 176,767 | ||
Fulgent Genetics, Inc.(a) | 413 | 37,149 | ||
Hanger, Inc.(a) | 4,307 | 94,582 | ||
Healthstream, Inc.(a) | 7,745 | 221,352 | ||
InfuSystem Holdings, Inc.(a) | 4,707 | 61,332 | ||
Innoviva, Inc.(a) | 9,979 | 166,749 | ||
Integer Holdings Corp.(a) | 1,242 | 110,960 | ||
Ironwood Pharmaceuticals, Inc.(a) | 11,194 | 146,194 | ||
Lemaitre Vascular, Inc. | 2,181 | 115,789 | ||
ModivCare, Inc.(a) | 746 | 135,489 | ||
National Healthcare Corp. | 1,561 | 109,239 | ||
National Research Corp. | 3,022 | 127,438 | ||
Nextgen Healthcare, Inc.(a) | 5,844 | 82,400 | ||
Orthofix Medical, Inc.(a) | 2,859 | 108,985 | ||
Owens & Minor, Inc. | 960 | 30,038 | ||
Phibro Animal Health Corp., Class A | 4,818 | 103,780 | ||
Prestige Consumer Healthcare, Inc.(a) | 3,823 | 214,509 | ||
Retractable Technologies, Inc.(a) | 3,491 | 38,506 | ||
SIGA Technologies, Inc.(a) | 15,893 | 117,449 | ||
Simulations Plus, Inc. | 1,390 | 54,905 | ||
Supernus Pharmaceuticals, Inc.(a) | 3,052 | 81,397 | ||
Surmodics, Inc.(a) | 2,156 | 119,874 | ||
The Joint Corp.(a) | 1,888 | 185,062 | ||
The Pennant Group, Inc.(a) | 1,407 | 39,523 | ||
Triple-S Management Corp.(a) | 4,566 | 161,499 | ||
U.S. Physical Therapy, Inc. | 849 | 93,899 | ||
Vanda Pharmaceuticals, Inc.(a) | 5,671 | 97,201 | ||
Vericel Corp.(a) | 1,451 | 70,809 | ||
Zynex, Inc.(a) | 3,995 | 45,503 | ||
5,057,003 | ||||
Industrials (21.1%): | ||||
ACCO Brands Corp. | 11,244 | 96,586 | ||
AeroVironment, Inc.(a) | 711 | 61,373 | ||
Alamo Group, Inc. | 945 | 131,856 | ||
Albany International Corp. | 1,451 | 111,538 | ||
Ameresco, Inc.(a) | 1,506 | 87,996 | ||
American Woodmark Corp.(a) | 1,002 | 65,501 | ||
Apogee Enterprises, Inc. | 2,912 | 109,957 | ||
ArcBest Corp. | 1,358 | 111,044 | ||
Arcosa, Inc. | 1,784 | 89,503 | ||
Argan, Inc. | 2,771 | 121,010 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Industrials (21.1%): (continued) | ||||
Astec Industries, Inc. | 1,377 | 74,096 | ||
Atlas Air Worldwide Holdings, Inc.(a) | 1,856 | 151,598 | ||
AZZ, Inc. | 2,866 | 152,471 | ||
Barnes Group, Inc. | 2,061 | 86,006 | ||
Barrett Business Services, Inc. | 1,838 | 140,166 | ||
Blue Bird Corp.(a) | 2,621 | 54,674 | ||
Brady Corp. | 2,807 | 142,315 | ||
CAI International, Inc. | 1,898 | 106,117 | ||
Casella Waste Systems, Inc.(a) | 2,734 | 207,620 | ||
CBIZ, Inc.(a) | 5,368 | 173,601 | ||
Columbus McKinnon Corp. | 2,396 | 115,847 | ||
Comfort Systems USA, Inc. | 1,433 | 102,202 | ||
Construction Partners, Inc., Class A(a) | 2,877 | 96,005 | ||
CRA International, Inc. | 1,272 | 126,360 | ||
CSW Industrials, Inc. | 889 | 113,525 | ||
Daseke, Inc.(a) | 7,493 | 69,011 | ||
Deluxe Corp. | 1,921 | 68,945 | ||
Ducommon, Inc.(a) | 1,595 | 80,308 | ||
Dycom Industries, Inc.(a) | 814 | 57,989 | ||
Echo Global Logistics, Inc.(a) | 3,284 | 156,680 | ||
Encore Wire Corp. | 2,382 | 225,885 | ||
Energy Recovery, Inc.(a) | 6,074 | 115,588 | ||
Enerpac Tool Group Corp. | 4,392 | 91,046 | ||
Ennis, Inc. | 8,151 | 153,646 | ||
ESCO Technologies, Inc. | 1,384 | 106,568 | ||
Evoqua Water Technologies Corp.(a) | 3,773 | 141,714 | ||
Federal Signal Corp. | 3,817 | 147,413 | ||
Forrester Research, Inc.(a) | 3,035 | 149,504 | ||
Forward Air Corp. | 1,790 | 148,606 | ||
Gibraltar Industries, Inc.(a) | 1,208 | 84,137 | ||
Global Industrial Co. | 2,231 | 84,533 | ||
GMS, Inc.(a) | 2,239 | 98,068 | ||
Gorman-Rupp Co. | 3,773 | 135,111 | ||
Great Lakes Dredge & Dock Corp.(a) | 8,174 | 123,346 | ||
Griffon Corp. | 3,307 | 81,352 | ||
Healthcare Services Group | 3,898 | 97,411 | ||
Heartland Express, Inc. | 10,204 | 163,468 | ||
Helios Technologies, Inc. | 1,962 | 161,100 | ||
Herc Holdings, Inc. | 904 | 147,768 | ||
Heritage-Crystal Clean, Inc.(a) | 2,977 | 86,273 | ||
HNI Corp. | 2,725 | 100,062 | ||
Hub Group, Inc., Class A(a) | 2,394 | 164,587 | ||
Hyster-Yale Materials Handling, Inc. | 1,116 | 56,090 | ||
ICF International, Inc. | 1,559 | 139,203 | ||
IES Holdings, Inc.(a) | 1,886 | 86,171 | ||
Insteel Industries, Inc. | 3,364 | 128,000 | ||
Jeld-Wen Holding, Inc.(a) | 2,945 | 73,713 | ||
Kadant, Inc. | 714 | 145,727 | ||
Kforce, Inc. | 1,904 | 113,555 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Industrials (21.1%): (continued) | ||||
Kimball International, Inc., Class B | 7,458 | 83,530 | ||
Lindsay Corp. | 955 | 144,959 | ||
Marten Transport Ltd. | 7,855 | 123,245 | ||
Matson, Inc. | 1,455 | 117,433 | ||
McGrath Rentcorp | 1,738 | 125,049 | ||
Meritor, Inc.(a) | 3,605 | 76,823 | ||
Miller Industries, Inc. | 3,499 | 119,106 | ||
Mueller Industries, Inc. | 3,253 | 133,698 | ||
Mueller Water Products, Inc., Class A | 11,206 | 170,555 | ||
MYR Group, Inc.(a) | 1,412 | 140,494 | ||
National Presto Industries, Inc. | 1,198 | 98,332 | ||
Northwest Pipe Co.(a) | 3,155 | 74,773 | ||
NV5 Global, Inc.(a) | 1,123 | 110,694 | ||
Omega Flex, Inc. | 629 | 89,752 | ||
PAE, Inc.(a) | 11,744 | 70,229 | ||
Patrick Industries, Inc. | 1,092 | 90,964 | ||
PGT Innovations, Inc.(a) | 4,691 | 89,598 | ||
Powell Industries, Inc. | 3,382 | 83,096 | ||
Primoris Services Corp. | 3,244 | 79,446 | ||
Quanex Building Products Corp. | 4,873 | 104,331 | ||
Radiant Logistics, Inc.(a) | 16,189 | 103,448 | ||
Raven Industries, Inc. | 2,511 | 144,659 | ||
Resources Connection, Inc. | 8,918 | 140,726 | ||
Rush Enterprises, Inc., Class A | 2,869 | 129,564 | ||
SPX Corp.(a) | 2,090 | 111,710 | ||
SPX FlOW, Inc. | 1,879 | 137,355 | ||
Standex International Corp. | 1,369 | 135,408 | ||
Sterling Construction Co., Inc.(a) | 3,551 | 80,501 | ||
Tennant Co. | 1,785 | 132,001 | ||
Terex Corp. | 2,001 | 84,242 | ||
The Greenbrier Cos., Inc. | 2,400 | 103,176 | ||
Titan Machinery, Inc.(a) | 3,627 | 93,976 | ||
US Xpress Enterprise, Inc., Class A(a) | 5,472 | 47,223 | ||
Vectrus, Inc.(a) | 2,445 | 122,935 | ||
Veritiv Corp.(a) | 1,270 | 113,741 | ||
Werner Enterprises, Inc. | 3,639 | 161,099 | ||
10,779,416 | ||||
Information Technology (11.7%): | ||||
A10 Networks, Inc.(a) | 9,322 | 125,661 | ||
ACM Research, Inc., Class A(a) | 565 | 62,150 | ||
ADTRAN, Inc. | 5,518 | 103,518 | ||
Alpha & Omega Semiconductor, Ltd.(a) | 1,882 | 59,038 | ||
American Software, Inc., Class A | 6,805 | 161,619 | ||
Avid Technology, Inc.(a) | 3,454 | 99,890 | ||
Axcelis Technologies, Inc.(a) | 1,835 | 86,300 | ||
AXT, Inc.(a) | 4,248 | 35,386 | ||
Benchmark Electronics, Inc. | 4,206 | 112,342 | ||
Calix, Inc.(a) | 1,537 | 75,974 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Information Technology (11.7%): (continued) | ||||
Cambium Networks Corp.(a) | 815 | 29,495 | ||
Casa Systems, Inc.(a) | 6,607 | 44,795 | ||
Cass Information Systems, Inc. | 2,869 | 120,068 | ||
ChannelAdvisor Corp.(a) | 2,515 | 63,453 | ||
Clearfield, Inc.(a) | 2,488 | 109,845 | ||
CSG Systems International, Inc. | 4,032 | 194,342 | ||
CTS Corp. | 4,023 | 124,351 | ||
Digi International, Inc.(a) | 4,620 | 97,112 | ||
Ebix, Inc. | 1,538 | 41,418 | ||
eGain Corp.(a) | 6,973 | 71,125 | ||
eplus, Inc.(a) | 1,468 | 150,631 | ||
Evertec, Inc. | 3,922 | 179,314 | ||
Exlservice Holdings, Inc.(a) | 1,844 | 227,033 | ||
FARO Technologies, Inc.(a) | 1,401 | 92,200 | ||
Greensky, Inc.(a) | 11,631 | 130,035 | ||
Ichor Holding Ltd.(a) | 1,238 | 50,869 | ||
Insight Enterprises, Inc.(a) | 1,463 | 131,787 | ||
Intelligent Systems Corp.(a) | 2,392 | 97,139 | ||
InterDigital, Inc. | 2,231 | 151,306 | ||
Kimball Electronics, Inc.(a) | 3,791 | 97,694 | ||
Knowles Corp.(a) | 6,788 | 127,207 | ||
Luna Innovations, Inc.(a) | 7,796 | 74,062 | ||
Methode Electronics, Inc. | 2,666 | 112,105 | ||
Mimecast, Ltd.(a) | 2,660 | 169,176 | ||
Mitek Systems, Inc.(a) | 5,246 | 97,051 | ||
Napco Security Technologies Inc.(a) | 3,098 | 133,462 | ||
NETGEAR, Inc.(a) | 2,420 | 77,222 | ||
NetScout Systems, Inc.(a) | 5,713 | 153,965 | ||
NVE Corp. | 1,762 | 112,715 | ||
OSI Systems, Inc.(a) | 1,968 | 186,566 | ||
PC Connection, Inc. | 2,819 | 124,121 | ||
Perficient, Inc.(a) | 2,357 | 272,705 | ||
Photronics, Inc.(a) | 8,496 | 115,801 | ||
Plexus Corp.(a) | 1,666 | 148,957 | ||
Progress Software Corp. | 3,471 | 170,739 | ||
Ribbon Communications, Inc.(a) | 9,156 | 54,753 | ||
ShotSpotter, Inc.(a) | 2,170 | 78,923 | ||
SMART Global Holdings, Inc.(a) | 1,906 | 84,817 | ||
Super Micro Computer, Inc.(a) | 2,557 | 93,510 | ||
The Hackett Group, Inc. | 7,551 | 148,151 | ||
Ultra Clean Holdings, Inc.(a) | 1,280 | 54,528 | ||
VirnetX Holding Corp.(a) | 15,925 | 62,426 | ||
Vishay Precision Group, Inc.(a) | 4,063 | 141,271 | ||
Xperi Holding Corp. | 4,067 | 76,622 | ||
5,996,745 | ||||
Materials (5.4%): | ||||
AdvanSix, Inc.(a) | 3,337 | 132,646 | ||
American Vanguard Corp. | 6,421 | 96,636 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Materials (5.4%): (continued) | ||||
Boise Cascade Co. | 1,554 | 83,885 | ||
Chase Corp. | 1,122 | 114,612 | ||
Clearwater Paper Corp.(a) | 2,459 | 94,253 | ||
Coeur Mining, Inc.(a) | 5,827 | 35,953 | ||
Compass Minerals International | 2,108 | 135,755 | ||
Ecovyst, Inc. | 6,420 | 74,857 | ||
Futurefuel Corp. | 7,472 | 53,275 | ||
GCP Applied Technologies(a) | 4,817 | 105,589 | ||
Glatfelter Corp. | 7,371 | 103,931 | ||
Greif, Inc., Class A | 2,034 | 131,396 | ||
H.B. Fuller Co. | 2,294 | 148,101 | ||
Hawkins, Inc. | 3,247 | 113,255 | ||
Ingevity Corp.(a) | 1,448 | 103,344 | ||
Innospec, Inc. | 1,258 | 105,949 | ||
Kaiser Aluminum Corp. | 801 | 87,277 | ||
Koppers Holdings, Inc.(a) | 2,524 | 78,900 | ||
Materion Corp. | 1,920 | 131,789 | ||
Minerals Technologies, Inc. | 1,576 | 110,068 | ||
Myers Industries, Inc. | 5,680 | 111,158 | ||
O-I Glass, Inc.(a) | 5,491 | 78,357 | ||
Orion Engineered Carbons SA(a) | 4,647 | 84,715 | ||
Rayonier Advanced Materials, Inc.(a) | 5,191 | 38,932 | ||
Schnitzer Steel Industries, Inc. | 2,353 | 103,085 | ||
Stepan Co. | 1,366 | 154,276 | ||
SunCoke Energy, Inc. | 11,020 | 69,206 | ||
Trinseo SA | 1,286 | 69,418 | ||
2,750,618 | ||||
Real Estate (1.9%): | ||||
Forestar Group, Inc.(a) | 6,143 | 114,444 | ||
Kennedy-Wilson Holdings, Inc. | 7,002 | 146,482 | ||
Marcus & Millichap, Inc.(a) | 4,447 | 180,637 | ||
Newmark Group, Inc., Class A | 7,811 | 111,775 | ||
RE/MAX Holdings, Inc. | 2,905 | 90,520 | ||
Tejon Ranch Co.(a) | 9,509 | 168,880 | ||
The RMR Group, Inc., Class A | 2,620 | 87,639 | ||
The St. Joe Co. | 2,228 | 93,799 | ||
994,176 | ||||
Utilities (4.0%): | ||||
American States Water Co. | 2,480 | 212,090 | ||
Avista Corp. | 3,539 | 138,446 | ||
California Water Service Group | 3,064 | 180,561 | ||
Chesapeake Utilities Corp. | 1,337 | 160,507 | ||
MGE Energy, Inc. | 2,511 | 184,558 | ||
Middlesex Water Co. | 1,752 | 180,071 | ||
Northwest Natural Holding Co. | 2,250 | 103,477 | ||
NorthWestern Corp. | 2,384 | 136,603 | ||
Otter Tail Corp. | 3,579 | 200,317 | ||
SJW Group | 2,479 | 163,763 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Small Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Utilities (4.0%): (continued) | ||||
South Jersey Industries, Inc. | 4,305 | 91,524 | ||
The York Water Co. | 3,124 | 136,456 | ||
Unitil Corp. | 3,142 | 134,415 | ||
2,022,788 | ||||
Total Common Stocks (Cost $45,484,064) | 50,992,361 | |||
Total Investments (Cost $45,484,064) — 99.7% | 50,992,361 | |||
Other assets in excess of liabilities — 0.3% | 147,626 | |||
NET ASSETS - 100.00% | 51,139,987 |
Percentages indicated are based on net assets as of September 30, 2021.
(a) | Non-income producing security. |
Futures Contracts
Long Futures
Index Futures | Expiration Date | Number of Contracts | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
| ||||||||||||
Russell 2000 Mini Index December Future (U.S. Dollar) | 12/17/21 | 1 | $ | 110,040 | $ | (2,212) | ||||||
|
| |||||||||||
$ | (2,212) | |||||||||||
|
|
Schedule of Portfolio Investments
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Common Stocks (99.6%) | ||||
Communication Services (0.7%): | ||||
Cable One, Inc. | 296 | 536,686 | ||
Liberty Broadband Corp., Class C(a) | 4,091 | 706,516 | ||
1,243,202 | ||||
Consumer Discretionary (9.4%): | ||||
Aptiv PLC(a) | 3,232 | 481,471 | ||
AutoZone, Inc.(a) | 489 | 830,317 | ||
Booking Holdings, Inc.(a) | 166 | 394,062 | ||
BorgWarner, Inc. | 9,689 | 418,662 | ||
Bright Horizons Family Solutions, Inc.(a) | 2,772 | 386,472 | ||
CarMax, Inc.(a) | 3,599 | 460,528 | ||
Chipotle Mexican Grill, Inc.(a) | 346 | 628,862 | ||
Deckers Outdoor Corp.(a) | 1,313 | 472,943 | ||
Dollar General Corp. | 3,420 | 725,519 | ||
Dollar Tree, Inc.(a) | 4,671 | 447,108 | ||
Domino’s Pizza, Inc. | 1,684 | 803,201 | ||
DR Horton, Inc. | 4,415 | 370,728 | ||
Five Below, Inc.(a) | 2,277 | 402,596 | ||
Floor & Decor Holdings, Inc., Class A(a) | 3,525 | 425,785 | ||
Garmin Ltd. | 5,343 | 830,623 | ||
Gentex Corp. | 19,521 | 643,803 | ||
Genuine Parts Co. | 5,009 | 607,241 | ||
Lear Corp. | 2,567 | 401,684 | ||
Lennar Corp. | 3,522 | 329,941 | ||
Lithia Motors, Inc. | 803 | 254,583 | ||
LKQ Corp.(a) | 10,617 | 534,247 | ||
Lowe’s Cos., Inc. | 2,885 | 585,251 | ||
Mohawk Industries, Inc.(a) | 2,002 | 355,155 | ||
NVR, Inc.(a) | 103 | 493,790 | ||
O’Reilly Automotive, Inc.(a) | 1,402 | 856,706 | ||
Peloton Interactive, Inc., Class A(a) | 1,950 | 169,747 | ||
Pool Corp. | 1,261 | 547,791 | ||
Pultegroup, Inc. | 7,667 | 352,069 | ||
RH(a) | 546 | 364,133 | ||
Ross Stores, Inc. | 3,293 | 358,443 | ||
Service Corp. International | 12,044 | 725,771 | ||
Tesla, Inc.(a) | 322 | 249,705 | ||
Tractor Supply Co. | 3,063 | 620,594 | ||
Vail Resorts, Inc.(a) | 1,499 | 500,741 | ||
Wayfair, Inc., Class A(a) | 735 | 187,800 | ||
17,218,072 | ||||
Consumer Staples (3.8%): | ||||
Bunge, Ltd. | 7,065 | 574,526 | ||
Campbell Soup Co. | 13,922 | 582,079 | ||
Conagra Brands, Inc. | 20,583 | 697,146 | ||
Costco Wholesale Corp. | 2,422 | 1,088,326 | ||
Darling Ingredients, Inc.(a) | 5,043 | 362,592 | ||
Hormel Foods Corp. | 17,485 | 716,885 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Consumer Staples (3.8%): (continued) | ||||
Lamb Weston Holding, Inc. | 5,645 | 346,433 | ||
McCormick & Co., Inc. | 9,096 | 737,049 | ||
Monster Beverage Corp.(a) | 7,183 | 638,066 | ||
The JM Smucker Co. | 5,236 | 628,477 | ||
Tyson Foods, Inc., Class A | 7,957 | 628,125 | ||
6,999,704 | ||||
Energy (0.8%): | ||||
Kinder Morgan, Inc. | 31,733 | 530,893 | ||
ONEOK, Inc. | 6,861 | 397,869 | ||
The Williams Cos., Inc. | 20,009 | 519,034 | ||
1,447,796 | ||||
Financials (13.1%): | ||||
Aflac, Inc. | 11,269 | 587,453 | ||
Alleghany Corp.(a) | 837 | 522,631 | ||
American Financial Group, Inc. | 3,608 | 453,995 | ||
Apollo Global Management, Inc. | 9,866 | 607,647 | ||
Arch Capital Group Ltd.(a) | 13,483 | 514,781 | ||
Ares Management Corp., Class A | 12,451 | 919,257 | ||
Arthur J Gallagher & Co. | 6,566 | 976,036 | ||
Athene Holding, Ltd., Class A(a) | 7,922 | 545,588 | ||
BlackRock, Inc. | 821 | 688,540 | ||
Brown & Brown, Inc. | 16,420 | 910,489 | ||
Cboe Global Markets, Inc. | 5,365 | 664,509 | ||
Cincinnati Financial Corp. | 4,260 | 486,577 | ||
Commerce Bancshares, Inc. | 7,189 | 500,930 | ||
East West Bancorp, Inc. | 4,778 | 370,486 | ||
Erie Indemnity Co., Class A | 3,026 | 539,899 | ||
Everest Re Group, Ltd. | 2,228 | 558,738 | ||
FactSet Research Systems, Inc. | 2,239 | 883,912 | ||
First Horizon Corp. | 21,574 | 351,441 | ||
First Republic Bank | 3,392 | 654,249 | ||
Franklin Resources, Inc. | 13,613 | 404,578 | ||
Globe Life, Inc. | 5,970 | 531,509 | ||
Interactive Brokers Group, Inc. | 7,315 | 456,017 | ||
Intercontinental Exchange, Inc. | 6,772 | 777,561 | ||
Invesco Ltd. | 14,199 | 342,338 | ||
LPL Financial Holdings, Inc. | 3,286 | 515,113 | ||
Markel Corp.(a) | 511 | 610,711 | ||
MarketAxess Holdings, Inc. | 847 | 356,324 | ||
Morningstar, Inc. | 2,585 | 669,593 | ||
MSCI, Inc. | 1,186 | 721,491 | ||
Nasdaq, Inc. | 4,622 | 892,139 | ||
Principal Financial Group, Inc. | 6,875 | 442,750 | ||
Reinsurance Group of America, Inc. | 2,764 | 307,523 | ||
RenaissancereRe Holdings, Ltd. | 3,772 | 525,817 | ||
Santander Consumer USA Holdings, Inc. | 15,051 | 627,627 | ||
SEI Investments Co. | 9,270 | 549,711 | ||
Signature Bank | 1,344 | 365,944 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Financials (13.1%): (continued) | ||||
SVB Financial Group(a) | 875 | 566,020 | ||
The Carlyle Group, Inc. | 16,653 | 787,354 | ||
The Charles Schwab Corp. | 7,176 | 522,700 | ||
Tradeweb Markets, Inc., Class A | 6,972 | 563,198 | ||
Western Alliance Bancorp | 3,570 | 388,487 | ||
WR Berkley Corp. | 7,488 | 547,972 | ||
24,209,635 | ||||
Health Care (15.6%): | ||||
ABIOMED, Inc.(a) | 1,354 | 440,754 | ||
Agilent Technologies, Inc. | 5,495 | 865,627 | ||
Align Technology, Inc.(a) | 487 | 324,064 | ||
Amedisys, Inc.(a) | 1,827 | 272,406 | ||
Amgen, Inc. | 2,751 | 585,000 | ||
Avantor, Inc.(a) | 14,048 | 574,563 | ||
Baxter International, Inc. | 9,179 | 738,267 | ||
BioMarin Pharmaceutical, Inc.(a) | 4,204 | 324,927 | ||
Bio-Rad Laboratories, Inc., Class A(a) | 817 | 609,441 | ||
Bruker Corp. | 8,108 | 633,235 | ||
Cardinal Health, Inc. | 8,790 | 434,753 | ||
Catalent, Inc.(a) | 4,275 | 568,874 | ||
Centene Corp.(a) | 7,801 | 486,080 | ||
Cerner Corp. | 10,923 | 770,290 | ||
Charles River Laboratories International, Inc.(a) | 1,734 | 715,570 | ||
Danaher Corp. | 2,887 | 878,918 | ||
DaVita, Inc.(a) | 5,319 | 618,387 | ||
Denali Therapeutics, Inc.(a) | 3,882 | 195,847 | ||
Dexcom, Inc.(a) | 1,046 | 572,016 | ||
Edwards Lifesciences Corp.(a) | 7,063 | 799,602 | ||
Encompass Health Corp. | 7,323 | 549,518 | ||
HCA Healthcare, Inc. | 2,474 | 600,489 | ||
Henry Schein, Inc.(a) | 7,211 | 549,190 | ||
Horizon Therapeutics PLC(a) | 3,223 | 353,047 | ||
Humana, Inc. | 1,477 | 574,774 | ||
IDEXX Laboratories, Inc.(a) | 979 | 608,840 | ||
Illumina, Inc.(a) | 952 | 386,141 | ||
Insulet Corp.(a) | 1,347 | 382,858 | ||
Intuitive Surgical, Inc.(a) | 677 | 673,039 | ||
IQVIA Holdings, Inc.(a) | 2,985 | 715,027 | ||
Jazz Pharmaceuticals PLC(a) | 2,910 | 378,911 | ||
Masimo Corp.(a) | 2,222 | 601,518 | ||
Mettler-Toledo International, Inc.(a) | 499 | 687,303 | ||
Molina Healthcare, Inc.(a) | 1,804 | 489,443 | ||
Neurocrine Biosciences, Inc.(a) | 3,692 | 354,100 | ||
Novocure, Ltd.(a) | 2,187 | 254,064 | ||
PerkinElmer, Inc. | 3,710 | 642,906 | ||
PPD, Inc.(a) | 12,716 | 594,982 | ||
Regeneron Pharmaceuticals, Inc.(a) | 1,119 | 677,196 | ||
Repligen Corp.(a) | 1,817 | 525,095 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Health Care (15.6%): (continued) | ||||
ResMed, Inc. | 2,762 | 727,925 | ||
Seagen, Inc.(a) | 2,582 | 438,424 | ||
STERIS PLC | 3,435 | 701,702 | ||
Stryker Corp. | 2,474 | 652,443 | ||
Syneos Health, Inc.(a) | 5,847 | 511,496 | ||
Teleflex, Inc. | 1,379 | 519,262 | ||
Veeva Systems, Inc., Class A(a) | 1,600 | 461,072 | ||
Vertex Pharamaceuticals, Inc.(a) | 2,104 | 381,645 | ||
Waters Corp.(a) | 1,936 | 691,733 | ||
West Pharmaceutical Services, Inc. | 1,992 | 845,684 | ||
Zoetis, Inc. | 4,449 | 863,729 | ||
28,802,177 | ||||
Industrials (22.6%): | ||||
A O Smith Corp. | 8,257 | 504,255 | ||
Advanced Drainage Systems, Inc. | 3,182 | 344,197 | ||
AGCO Corp. | 3,091 | 378,740 | ||
Allegion PLC | 4,223 | 558,196 | ||
AMERCO, Inc. | 1,023 | 660,889 | ||
AMETEK, Inc. | 5,366 | 665,438 | ||
Builders FirstSource, Inc.(a) | 6,996 | 361,973 | ||
Carlisle Companies, Inc. | 3,528 | 701,331 | ||
Carrier Global Corp. | 12,095 | 626,037 | ||
Caterpillar, Inc. | 2,389 | 458,616 | ||
CH Robinson Worldwide, Inc. | 5,949 | 517,563 | ||
Cintas Corp. | 1,648 | 627,328 | ||
Copart, Inc.(a) | 5,447 | 755,608 | ||
Costar Group, Inc.(a) | 5,550 | 477,633 | ||
CSX Corp. | 20,958 | 623,291 | ||
Deere & Co. | 1,485 | 497,579 | ||
Dover Corp. | 5,357 | 833,013 | ||
Eaton Corp. PLC | 4,486 | 669,805 | ||
Emerson Electric Co. | 6,253 | 589,033 | ||
Enphase Energy, Inc.(a) | 1,461 | 219,106 | ||
Equifax, Inc. | 3,074 | 779,013 | ||
Expeditors International of Washington, Inc. | 6,941 | 826,881 | ||
Fastenal Co. | 13,003 | 671,085 | ||
Fortive Corp. | 9,088 | 641,340 | ||
Fortune Brands Home & Security, Inc. | 5,327 | 476,340 | ||
Generac Holdings, Inc.(a) | 1,062 | 434,007 | ||
General Dynamics Corp. | 3,917 | 767,849 | ||
Graco, Inc. | 10,442 | 730,627 | ||
HEICO Corp. | 4,008 | 528,535 | ||
Honeywell International, Inc. | 2,927 | 621,344 | ||
Howmet Aerospace, Inc. | 10,970 | 342,264 | ||
Hubbell, Inc. | 3,500 | 632,345 | ||
IAA, Inc.(a) | 8,770 | 478,579 | ||
IDEX Corp. | 3,091 | 639,682 | ||
Illinois Tool Works, Inc. | 3,482 | 719,486 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Industrials (22.6%): (continued) | ||||
J.B. Hunt Transport Services, Inc. | 3,558 | 594,969 | ||
Jacobs Engineering Group, Inc. | 4,420 | 585,783 | ||
Johnson Controls International PLC | 10,427 | 709,870 | ||
Kansas City Southern | 2,140 | 579,170 | ||
Lennox International, Inc. | 1,909 | 561,570 | ||
Masco Corp. | 10,089 | 560,444 | ||
Nordson Corp. | 3,157 | 751,840 | ||
Norfolk Southern Corp. | 2,468 | 590,469 | ||
Old Dominion Freight Line, Inc. | 2,464 | 704,655 | ||
Otis Worldwide Corp. | 9,694 | 797,622 | ||
PACCAR, Inc. | 6,591 | 520,162 | ||
Parker Hannifin Corp. | 1,606 | 449,070 | ||
Quanta Services, Inc. | 5,351 | 609,051 | ||
Republic Services, Inc. | 8,559 | 1,027,593 | ||
Robert Half International, Inc. | 5,293 | 531,047 | ||
Rockwell Automation, Inc. | 2,390 | 702,756 | ||
Rollins, Inc. | 15,287 | 540,090 | ||
Roper Technologies, Inc. | 1,522 | 679,010 | ||
Snap-on, Inc. | 2,317 | 484,137 | ||
Teledyne Technologies, Inc.(a) | 1,257 | 539,982 | ||
The Middleby Corp.(a) | 2,413 | 411,441 | ||
Toro Co. | 7,494 | 729,990 | ||
Trane Technologies PLC | 3,703 | 639,323 | ||
TransDigm Group, Inc.(a) | 815 | 509,025 | ||
TransUnion | 5,654 | 635,001 | ||
Trex Co., Inc.(a) | 4,153 | 423,315 | ||
Union Pacific Corp. | 2,889 | 566,273 | ||
United Rentals, Inc.(a) | 1,163 | 408,132 | ||
Verisk Analytics, Inc. | 3,686 | 738,195 | ||
Waste Management, Inc. | 6,543 | 977,262 | ||
Watsco, Inc. | 1,825 | 482,931 | ||
Westinghouse Air Brake Technologies Corp. | 5,625 | 484,931 | ||
WW Grainger, Inc. | 1,732 | 680,780 | ||
XPO Logistics, Inc.(a) | 3,123 | 248,528 | ||
Xylem, Inc. | 6,269 | 775,350 | ||
41,588,775 | ||||
Information Technology (17.1%): | ||||
Advanced Micro Devices, Inc.(a) | 3,949 | 406,352 | ||
Akamai Technologies, Inc.(a) | 5,102 | 533,618 | ||
Amphenol Corp., Class A | 10,101 | 739,696 | ||
Analog Devices, Inc. | 3,598 | 602,593 | ||
ANSYS, Inc.(a) | 1,249 | 425,222 | ||
Arista Networks, Inc.(a) | 1,444 | 496,216 | ||
Aspen Technology, Inc.(a) | 2,417 | 296,808 | ||
Black Knight, Inc.(a) | 8,631 | 621,432 | ||
Broadcom, Inc. | 1,092 | 529,544 | ||
Broadridge Financial Solutions, Inc. | 4,724 | 787,207 | ||
Cadence Design Systems, Inc.(a) | 3,114 | 471,584 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Information Technology (17.1%): (continued) | ||||
CDW Corp. | 3,199 | 582,282 | ||
Ciena Corp.(a) | 7,213 | 370,388 | ||
Citrix Systems, Inc. | 3,377 | 362,588 | ||
Cognex Corp. | 5,938 | 476,346 | ||
Cognizant Technology Solutions Corp., Class A | 7,968 | 591,305 | ||
Dolby Laboratories, Inc. | 6,434 | 566,192 | ||
Dynatrace, Inc.(a) | 5,870 | 416,594 | ||
Entegris, Inc. | 3,335 | 419,876 | ||
EPAM Systems, Inc.(a) | 1,116 | 636,656 | ||
F5 Networks, Inc.(a) | 2,628 | 522,394 | ||
Fair Isaac Corp.(a) | 886 | 352,566 | ||
Fidelity National Information Services, Inc. | 4,083 | 496,819 | ||
First Solar, Inc.(a) | 3,688 | 352,056 | ||
Fiserv, Inc.(a) | 4,762 | 516,677 | ||
FleetCor Technologies, Inc.(a) | 1,562 | 408,104 | ||
Fortinet, Inc.(a) | 2,287 | 667,895 | ||
Gartner, Inc.(a) | 2,788 | 847,217 | ||
II-VI, Inc.(a) | 4,212 | 250,024 | ||
IPG Photonics Corp.(a) | 1,924 | 304,762 | ||
Jack Henry & Associates, Inc. | 3,532 | 579,460 | ||
Keysight Technologies, Inc.(a) | 4,196 | 689,361 | ||
KLA Corp. | 1,056 | 353,243 | ||
Lam Research Corp. | 548 | 311,894 | ||
Leidos Holdings, Inc. | 5,627 | 540,924 | ||
Manhattan Associates, Inc.(a) | 3,752 | 574,169 | ||
Marvell Technology, Inc. | 7,283 | 439,238 | ||
Microchip Technology, Inc. | 2,494 | 382,804 | ||
Micron Technology, Inc. | 4,179 | 296,625 | ||
MKS Instruments, Inc. | 1,944 | 293,369 | ||
Monolithic Power Systems, Inc. | 928 | 449,783 | ||
NetApp, Inc. | 5,778 | 518,633 | ||
NVIDIA Corp. | 2,592 | 536,959 | ||
NXP Semiconductors NV | 1,993 | 390,369 | ||
ON Semiconductor Corp.(a) | 8,636 | 395,270 | ||
Paychex, Inc. | 8,168 | 918,492 | ||
Paycom Software, Inc.(a) | 1,050 | 520,538 | ||
Paylocity Holding Corp.(a) | 2,081 | 583,512 | ||
PTC, Inc.(a) | 2,858 | 342,360 | ||
Qorvo, Inc.(a) | 1,877 | 313,816 | ||
Seagate Technology Holdings PLC | 6,061 | 500,154 | ||
ServiceNow, Inc.(a) | 791 | 492,216 | ||
Skyworks Solutions, Inc. | 2,015 | 332,032 | ||
SS&C Technologies Holdings, Inc. | 9,634 | 668,600 | ||
Synopsys, Inc.(a) | 1,795 | 537,441 | ||
TE Connectivity Ltd. | 4,819 | 661,263 | ||
Teradyne, Inc. | 2,778 | 303,274 | ||
The Trade Desk, Inc., Class A(a) | 3,654 | 256,876 | ||
The Western Union Co. | 22,553 | 456,022 | ||
Trimble, Inc.(a) | 6,257 | 514,638 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Information Technology (17.1%): (continued) | ||||
Tyler Technologies, Inc.(a) | 1,182 | 542,124 | ||
Universal Display Corp. | 1,782 | 304,651 | ||
VeriSign, Inc.(a) | 3,303 | 677,148 | ||
Western Digital Corp.(a) | 4,426 | 249,803 | ||
Zebra Technologies Corp.(a) | 991 | 510,781 | ||
31,488,855 | ||||
Materials (7.6%): | ||||
Albemarle Corp. | 2,245 | 491,588 | ||
AptarGroup, Inc. | 5,598 | 668,121 | ||
Avery Dennison Corp. | 2,858 | 592,206 | ||
Ball Corp. | 7,612 | 684,852 | ||
Celanese Corp. | 3,663 | 551,794 | ||
CF Industries Holdings, Inc. | 9,010 | 502,938 | ||
Corteva, Inc. | 10,895 | 458,462 | ||
Crown Holdings, Inc. | 5,786 | 583,113 | ||
Eastman Chemical Co. | 4,630 | 466,426 | ||
FMC Corp. | 5,543 | 507,517 | ||
Freeport-McMoRan, Inc. | 9,643 | 313,687 | ||
International Flavors & Fragrances, Inc. | 3,487 | 466,282 | ||
International Paper Co. | 9,429 | 527,270 | ||
LyondellBasell Industries NV, Class A | 3,872 | 363,387 | ||
Martin Marietta Materials, Inc. | 1,405 | 480,060 | ||
Newmont Corp. | 8,163 | 443,251 | ||
Nucor Corp. | 5,920 | 583,061 | ||
Packaging Corp. of America | 4,461 | 613,120 | ||
PPG Industries, Inc. | 4,268 | 610,367 | ||
Reliance Steel & Aluminum Co. | 3,718 | 529,517 | ||
RPM International, Inc. | 8,604 | 668,101 | ||
Steel Dynamics, Inc. | 8,102 | 473,805 | ||
The Mosaic Co. | 9,981 | 356,521 | ||
The Scotts Miracle-Gro Co. | 1,733 | 253,642 | ||
The Sherwin-Williams Co. | 2,963 | 828,840 | ||
Vulcan Materials Co. | 2,938 | 496,992 | ||
Westlake Chemical Corp. | 4,974 | 453,330 | ||
13,968,250 | ||||
Real Estate (0.4%): | ||||
CBRE Group, Inc., Class A(a) | 5,243 | 510,458 | ||
eXp World Holdings, Inc. | 4,041 | 160,711 | ||
671,169 | ||||
Utilities (8.5%): | ||||
Alliant Energy Corp. | 14,357 | 803,705 | ||
Ameren Corp. | 9,918 | 803,358 | ||
American Electric Power Co., Inc. | 9,267 | 752,295 | ||
American Water Works Co., Inc. | 4,830 | 816,463 | ||
Atmos Energy Corp. | 6,915 | 609,903 | ||
CMS Energy Corp. | 13,365 | 798,291 | ||
Consolidated Edison, Inc. | 10,255 | 744,410 | ||
DTE Energy Co. | 5,411 | 604,463 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Utilities (8.5%): (continued) | ||||
Entergy Corp. | 6,705 | 665,874 | ||
Essential Utilities, Inc. | 14,778 | 680,970 | ||
Evergy, Inc. | 10,139 | 630,646 | ||
Eversource Energy | 8,449 | 690,790 | ||
FirstEnergy Corp. | 11,433 | 407,243 | ||
NextEra Energy, Inc. | 8,088 | 635,070 | ||
NRG Energy, Inc. | 10,640 | 434,431 | ||
Pinnacle West Capital Corp. | 8,172 | 591,326 | ||
PPL Corp. | 23,164 | 645,812 | ||
Public Service Enterprise Group, Inc. | 10,993 | 669,474 | ||
The AES Corp. | 17,462 | 398,657 | ||
The Southern Co. | 13,307 | 824,635 | ||
UGI Corp. | 13,346 | 568,807 | ||
Vistra Corp. | 20,934 | 357,971 | ||
WEC Energy Group, Inc. | 8,428 | 743,350 | ||
Xcel Energy, Inc. | 11,143 | 696,438 | ||
15,574,382 | ||||
Total Common Stocks (Cost $148,813,258) | �� | 183,212,017 | ||
Total Investments (Cost $148,813,258) — 99.6% | 183,212,017 | |||
Other assets in excess of liabilities — 0.4% | 810,875 | |||
NET ASSETS - 100.00% | 184,022,892 |
Percentages indicated are based on net assets as of September 30, 2021.
(a) | Non-income producing security. |
Futures Contracts
Long Futures
Index Futures | Expiration Date | Number of Contracts | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
| ||||||||||||
S&P 500 Index E-mini December Future (U.S. Dollar) | 12/17/21 | 4 | $ | 859,550 | $ | (33,219) | ||||||
|
| |||||||||||
$ | (33,219) | |||||||||||
|
|
Schedule of Portfolio Investments
September 30, 2021
Timothy Plan High Dividend Stock ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Common Stocks (99.4%) | ||||
Consumer Discretionary (4.2%): | ||||
BorgWarner, Inc. | 21,259 | 918,601 | ||
Garmin Ltd. | 11,723 | 1,822,458 | ||
Genuine Parts Co. | 10,991 | 1,332,439 | ||
Service Corp. International | 26,426 | 1,592,431 | ||
5,665,929 | ||||
Consumer Staples (8.1%): | ||||
Bunge, Ltd. | 15,502 | 1,260,623 | ||
Campbell Soup Co. | 30,547 | 1,277,170 | ||
Conagra Brands, Inc. | 45,163 | 1,529,671 | ||
Costco Wholesale Corp. | 5,313 | 2,387,396 | ||
Hormel Foods Corp. | 38,364 | 1,572,924 | ||
The JM Smucker Co. | 11,490 | 1,379,145 | ||
Tyson Foods, Inc., Class A | 17,458 | 1,378,134 | ||
10,785,063 | ||||
Energy (2.4%): | ||||
Kinder Morgan, Inc. | 69,627 | 1,164,860 | ||
ONEOK, Inc. | 15,055 | 873,039 | ||
The Williams Cos., Inc. | 43,903 | 1,138,844 | ||
3,176,743 | ||||
Financials (16.7%): | ||||
Aflac, Inc. | 24,727 | 1,289,019 | ||
American Financial Group, Inc. | 7,916 | 996,070 | ||
Apollo Global Management, Inc. | 21,647 | 1,333,239 | ||
Ares Management Corp., Class A | 27,321 | 2,017,109 | ||
Arthur J Gallagher & Co. | 14,407 | 2,141,601 | ||
BlackRock, Inc. | 1,800 | 1,509,588 | ||
Cboe Global Markets, Inc. | 11,772 | 1,458,080 | ||
Cincinnati Financial Corp. | 9,346 | 1,067,500 | ||
East West Bancorp, Inc. | 10,484 | 812,929 | ||
Erie Indemnity Co., Class A | 6,637 | 1,184,174 | ||
Everest Re Group, Ltd. | 4,887 | 1,225,562 | ||
First Horizon Corp. | 47,335 | 771,087 | ||
Franklin Resources, Inc. | 29,870 | 887,736 | ||
Invesco Ltd. | 31,156 | 751,171 | ||
Principal Financial Group, Inc. | 15,083 | 971,345 | ||
Reinsurance Group of America, Inc. | 6,065 | 674,792 | ||
Santander Consumer USA Holdings, Inc. | 33,023 | 1,377,059 | ||
The Carlyle Group, Inc. | 36,539 | 1,727,564 | ||
22,195,625 | ||||
Health Care (1.7%): | ||||
Amgen, Inc. | 6,038 | 1,283,981 | ||
Cardinal Health, Inc. | 19,286 | 953,885 | ||
2,237,866 | ||||
Industrials (22.5%): | ||||
A O Smith Corp. | 18,116 | 1,106,344 | ||
Caterpillar, Inc. | 5,241 | 1,006,115 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan High Dividend Stock ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Industrials (22.5%): (continued) | ||||
CH Robinson Worldwide, Inc. | 13,054 | 1,135,698 | ||
Dover Corp. | 11,754 | 1,827,747 | ||
Eaton Corp. PLC | 9,845 | 1,469,957 | ||
Emerson Electric Co. | 13,720 | 1,292,424 | ||
Fastenal Co. | 28,528 | 1,472,330 | ||
General Dynamics Corp. | 8,596 | 1,685,074 | ||
Honeywell International, Inc. | 6,420 | 1,362,838 | ||
Hubbell, Inc. | 7,680 | 1,387,546 | ||
Illinois Tool Works, Inc. | 7,640 | 1,578,653 | ||
Johnson Controls International PLC | 22,880 | 1,557,670 | ||
PACCAR, Inc. | 14,463 | 1,141,420 | ||
Republic Services, Inc. | 18,780 | 2,254,727 | ||
Robert Half International, Inc. | 11,612 | 1,165,032 | ||
Rockwell Automation, Inc. | 5,241 | 1,541,064 | ||
Snap-on, Inc. | 5,083 | 1,062,093 | ||
Union Pacific Corp. | 6,340 | 1,242,703 | ||
Waste Management, Inc. | 14,355 | 2,144,063 | ||
Watsco, Inc. | 4,004 | 1,059,538 | ||
WW Grainger, Inc. | 3,800 | 1,493,628 | ||
29,986,664 | ||||
Information Technology (9.0%): | ||||
Analog Devices, Inc. | 7,894 | 1,322,087 | ||
Broadcom, Inc. | 2,398 | 1,162,862 | ||
Broadridge Financial Solutions, Inc. | 10,371 | 1,728,223 | ||
Cognex Corp. | 13,029 | 1,045,186 | ||
NetApp, Inc. | 12,676 | 1,137,798 | ||
Paychex, Inc. | 17,921 | 2,015,217 | ||
Seagate Technology Holdings PLC | 13,300 | 1,097,516 | ||
TE Connectivity Ltd. | 10,574 | 1,450,964 | ||
The Western Union Co. | 49,484 | 1,000,567 | ||
11,960,420 | ||||
Materials (11.5%): | ||||
Celanese Corp. | 8,037 | 1,210,694 | ||
CF Industries Holdings, Inc. | 19,770 | 1,103,561 | ||
Eastman Chemical Co. | 10,157 | 1,023,216 | ||
FMC Corp. | 12,162 | 1,113,553 | ||
International Flavors & Fragrances, Inc. | 7,650 | 1,022,958 | ||
International Paper Co. | 20,689 | 1,156,929 | ||
LyondellBasell Industries NV, Class A | 8,496 | 797,350 | ||
Newmont Corp. | 17,911 | 972,567 | ||
Nucor Corp. | 12,988 | 1,279,188 | ||
Packaging Corp. of America | 9,787 | 1,345,125 | ||
Reliance Steel & Aluminum Co. | 8,156 | 1,161,578 | ||
RPM International, Inc. | 18,879 | 1,465,954 | ||
Steel Dynamics, Inc. | 17,779 | 1,039,716 | ||
The Scotts Miracle-Gro Co. | 3,802 | 556,461 | ||
15,248,850 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan High Dividend Stock ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Utilities (23.3%): | ||||
Alliant Energy Corp. | 31,502 | 1,763,482 | ||
Ameren Corp. | 21,760 | 1,762,560 | ||
American Electric Power Co., Inc. | 20,336 | 1,650,877 | ||
Atmos Energy Corp. | 15,172 | 1,338,170 | ||
CMS Energy Corp. | 29,325 | 1,751,582 | ||
Consolidated Edison, Inc. | 22,500 | 1,633,275 | ||
DTE Energy Co. | 11,874 | 1,326,445 | ||
Entergy Corp. | 14,712 | 1,461,049 | ||
Essential Utilities, Inc. | 32,427 | 1,494,236 | ||
Evergy, Inc. | 22,246 | 1,383,701 | ||
Eversource Energy | 18,536 | 1,515,503 | ||
FirstEnergy Corp. | 25,084 | 893,492 | ||
NRG Energy, Inc. | 23,346 | 953,217 | ||
Pinnacle West Capital Corp. | 17,930 | 1,297,415 | ||
PPL Corp. | 50,823 | 1,416,945 | ||
Public Service Enterprise Group, Inc. | 24,120 | 1,468,908 | ||
The AES Corp. | 38,313 | 874,686 | ||
The Southern Co. | 29,196 | 1,809,276 | ||
UGI Corp. | 29,283 | 1,248,041 | ||
Vistra Corp. | 45,932 | 785,437 | ||
WEC Energy Group, Inc. | 18,493 | 1,631,083 | ||
Xcel Energy, Inc. | 24,449 | 1,528,063 | ||
30,987,443 | ||||
Total Common Stocks (Cost $119,114,957) | 132,244,603 | |||
Total Investments (Cost $119,114,957) — 99.4% | 132,244,603 | |||
Other assets in excess of liabilities — 0.6% | 792,866 | |||
NET ASSETS - 100.00% | 133,037,469 |
Percentages indicated are based on net assets as of September 30, 2021.
Futures Contracts
Long Futures
Index Futures | Expiration Date | Number of Contracts | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
| ||||||||||||
S&P 500 Index E-mini December Future (U.S. Dollar) | 12/17/21 | 3 | $ | 644,663 | $ | (27,360) | ||||||
|
| |||||||||||
$ | (27,360) | |||||||||||
|
|
Schedule of Portfolio Investments
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Common Stocks (99.3%) | ||||
Australia (4.9%): | ||||
Communication Services (0.6%): | ||||
Rea Group Ltd. | 1,575 | 180,836 | ||
Telstra Corp. Ltd. | 95,461 | 271,167 | ||
452,003 | ||||
Consumer Staples (0.9%): | ||||
Coles Group, Ltd. | 20,673 | 253,872 | ||
Wesfarmers Ltd. | 6,608 | 266,276 | ||
Woolworths Group Ltd. | 8,431 | 239,796 | ||
759,944 | ||||
Financials (1.5%): | ||||
ASX Ltd. | 5,285 | 309,420 | ||
Commonwealth Bank of Australia | 3,738 | 281,881 | ||
National Australia Bank Ltd. | 10,503 | 211,273 | ||
Suncorp Group Ltd. | 22,984 | 208,657 | ||
Westpac Banking Corp. | 11,248 | 211,381 | ||
1,222,612 | ||||
Health Care (0.8%): | ||||
CSL Ltd. | 1,022 | 216,735 | ||
Ramsay Health Care Ltd. | 4,006 | 201,587 | ||
Sonic Healthcare Ltd. | 9,114 | 267,851 | ||
686,173 | ||||
Industrials (0.3%): | ||||
Brambles Ltd. | 32,188 | 250,569 | ||
250,569 | ||||
Materials (0.8%): | ||||
BHP Group Ltd. | 5,279 | 143,507 | ||
BHP Group PLC | 6,206 | 157,867 | ||
Fortescue Metals Group Ltd. | 8,629 | 93,306 | ||
Newcrest Mining Ltd. | 9,055 | 148,178 | ||
Rio Tinto Ltd. | 2,064 | 149,454 | ||
692,312 | ||||
4,063,613 | ||||
Austria (0.8%): | ||||
Energy (0.2%): | ||||
OMV AG | 3,029 | 183,057 | ||
183,057 | ||||
Financials (0.3%): | ||||
Erste Group Bank AG | 5,122 | 225,783 | ||
225,783 | ||||
Utilities (0.3%): | ||||
Verbund AG | 2,351 | 238,800 | ||
238,800 | ||||
647,640 | ||||
Belgium (1.3%): | ||||
Financials (1.1%): | ||||
Ageas SA | 3,165 | 156,965 | ||
Groupe Bruxelles Lambert SA | 2,635 | 290,170 | ||
KBC Group N.V. | 2,097 | 189,539 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Belgium (1.3%): (continued) | ||||
Financials (1.1%): (continued) | ||||
Sofina SA | 669 | 265,923 | ||
902,597 | ||||
Materials (0.2%): | ||||
Umicore | 2,883 | 171,095 | ||
171,095 | ||||
1,073,692 | ||||
Canada (10.1%): | ||||
Consumer Discretionary (0.5%): | ||||
Dollarama, Inc. | 6,197 | 268,843 | ||
Magna International, Inc. | 1,701 | 128,032 | ||
396,875 | ||||
Consumer Staples (1.6%): | ||||
Alimentation Couche-Tard, Inc. | 7,303 | 279,456 | ||
Loblaw Cos. Ltd. | 6,462 | 443,523 | ||
Metro, Inc. | 8,340 | 407,582 | ||
Saputo, Inc. | 8,945 | 227,510 | ||
1,358,071 | ||||
Energy (0.6%): | ||||
Enbridge, Inc. | 7,078 | 282,025 | ||
TC Energy Corp. | 4,927 | 237,168 | ||
519,193 | ||||
Financials (2.4%): | ||||
Canadian Imperial Bank of Commerce | 4,181 | 465,509 | ||
Fairfax Financial Holdings, Ltd. | 449 | 181,284 | ||
Great-West Lifeco, Inc. | 10,716 | 326,117 | ||
Intact Financial Corp. | 2,026 | 267,936 | ||
National Bank of Canada | 4,806 | 369,179 | ||
Power Corp. of Canada | 10,623 | 350,214 | ||
1,960,239 | ||||
Industrials (0.9%): | ||||
Canadian National Railway Co. | 2,246 | 260,319 | ||
Canadian Pacific Railway Ltd. | 3,238 | 211,477 | ||
WSP Global, Inc. | 1,957 | 234,364 | ||
706,160 | ||||
Information Technology (1.0%): | ||||
CGI, Inc. (a) | 2,966 | 251,984 | ||
Constellation Software, Inc. | 131 | 214,646 | ||
Open Text Corp. | 5,429 | 265,020 | ||
Shopify, Inc., Class A (a) | 84 | 114,035 | ||
845,685 | ||||
Materials (1.3%): | ||||
Aginco Eagle Mines, Ltd. | 2,727 | 141,497 | ||
Barrick Gold Corp. | 7,732 | 139,633 | ||
CCL Industries, Inc. | 4,307 | 223,104 | ||
Franco-Nevada Corp. | 1,290 | 167,616 | ||
Nutrien, Ltd. | 3,726 | 241,878 | ||
Wheaton Precious Metals Corp. | 3,449 | 129,855 | ||
1,043,583 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Canada (10.1%): (continued) | ||||
Utilities (1.8%): | ||||
Algonquin Power & Utilities Corp. | 19,186 | 281,336 | ||
Emera, Inc. | 9,294 | 420,960 | ||
Fortis, Inc. | 9,818 | 435,623 | ||
Hydro One, Ltd. | 16,088 | 380,350 | ||
1,518,269 | ||||
8,348,075 | ||||
Chile (0.2%): | ||||
Materials (0.2%): | ||||
Antofagasta PLC | 6,924 | 127,048 | ||
127,048 | ||||
Denmark (3.1%): | ||||
Consumer Discretionary (0.2%): | ||||
Pandora A/S | 1,211 | 147,156 | ||
147,156 | ||||
Financials (0.5%): | ||||
Danske Bank A/S | 9,847 | 166,369 | ||
Tryg A/S | 10,150 | 230,707 | ||
397,076 | ||||
Health Care (1.0%): | ||||
Ambu A/S, Class B | 2,307 | 68,233 | ||
Coloplast A/S | 1,464 | 229,559 | ||
Demant A/S (a) | 3,266 | 164,651 | ||
Genmab A/S (a) | 519 | 227,122 | ||
GN Store Nord A/S | 2,149 | 149,016 | ||
838,581 | ||||
Industrials (0.7%): | ||||
AP Moller - Maersk A/S, Class B | 68 | 184,172 | ||
DSV Panalpina A S | 1,116 | 267,834 | ||
Vestas Wind Systems A/S | 3,447 | 138,279 | ||
590,285 | ||||
Materials (0.5%): | ||||
Christian Hansen Holding A/S | 2,430 | 198,522 | ||
Novozymes A/S, Class B Shares | 3,654 | 250,473 | ||
448,995 | ||||
Utilities (0.2%): | ||||
Orsted A/S | 1,024 | 135,408 | ||
135,408 | ||||
2,557,501 | ||||
Finland (2.1%): | ||||
Consumer Staples (0.3%): | ||||
Kesko Oyj, Class B | 7,549 | 260,898 | ||
260,898 | ||||
Energy (0.2%): | ||||
Neste Oyj | 3,284 | 186,259 | ||
186,259 | ||||
Financials (0.4%): | ||||
Nordea Bank Abp | 21,760 | 281,228 | ||
281,228 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Finland (2.1%): (continued) | ||||
Industrials (0.4%): | ||||
Kone OYJ | 3,293 | 231,812 | ||
Metso Outotec Oyj | 14,276 | 130,853 | ||
362,665 | ||||
Materials (0.5%): | ||||
Stora ENSO OYJ, Class R Shares | 10,344 | 173,297 | ||
UPM-Kymmene OYJ | 5,973 | 212,449 | ||
385,746 | ||||
Utilities (0.3%): | ||||
Fortum OYJ | 8,702 | 264,968 | ||
264,968 | ||||
1,741,764 | ||||
France (5.9%): | ||||
Consumer Discretionary (0.7%): | ||||
Compagnie Generale DES Etablissements Michelin | 1,578 | 242,710 | ||
Hermes International SA | 244 | 338,132 | ||
580,842 | ||||
Consumer Staples (0.2%): | ||||
Carrefour SA | 11,098 | 199,811 | ||
199,811 | ||||
Financials (0.6%): | ||||
Amundi SA | 2,588 | 218,512 | ||
CNP Assurances SA | 8,587 | 136,501 | ||
Credit Agricole SA | 10,599 | 146,646 | ||
501,659 | ||||
Health Care (0.4%): | ||||
bioMerieux | 1,197 | 136,640 | ||
Sartorius Stedim Biotech | 333 | 186,554 | ||
323,194 | ||||
Industrials (2.8%): | ||||
Bollore | 45,312 | 262,664 | ||
Bouygues SA | 5,270 | 219,123 | ||
Bureau Veritas SA | 8,252 | 255,280 | ||
Edenred | 3,902 | 210,734 | ||
Eiffage SA | 1,629 | 165,426 | ||
Legrand SA | 2,567 | 275,784 | ||
Safran SA | 1,077 | 136,788 | ||
Schneider Electric SA | 1,513 | 252,164 | ||
Teleperformance | 565 | 222,555 | ||
Thales SA | 1,694 | 165,121 | ||
Vinci SA | 1,507 | 157,348 | ||
2,322,987 | ||||
Information Technology (0.5%): | ||||
Dassault Systemes SE | 5,116 | 269,396 | ||
Worldline SA (a) | 2,036 | 155,657 | ||
425,053 | ||||
Materials (0.4%): | ||||
Air Liquide SA | 1,881 | 301,906 | ||
301,906 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
France (5.9%): (continued) | ||||
Utilities (0.3%): | ||||
Veolia Environnement | 7,617 | 233,430 | ||
233,430 | ||||
4,888,882 | ||||
Germany (6.1%): | ||||
Consumer Discretionary (0.6%): | ||||
HelloFresh SE (a) | 1,176 | 108,909 | ||
Puma SE | 1,787 | 199,560 | ||
Zalando SE (a) | 2,103 | 193,199 | ||
501,668 | ||||
Consumer Staples (0.3%): | ||||
Beiersdorf AG | 2,412 | 261,088 | ||
261,088 | ||||
Financials (1.0%): | ||||
Deutsche Boerse AG | 1,342 | 218,379 | ||
Hannover Rueck SE | 1,203 | 210,878 | ||
Muenchener Rueckversicherungs-Gesellschaft AG | 634 | 173,955 | ||
Talanx AG | 4,569 | 195,162 | ||
798,374 | ||||
Health Care (0.5%): | ||||
Carl Zeiss Meditec AG | 1,168 | 224,628 | ||
Fresenius Medical Care AG | 3,033 | 213,790 | ||
438,418 | ||||
Industrials (1.2%): | ||||
Brenntag AG | 2,511 | 234,346 | ||
Deutsche Post AG | 4,194 | 264,636 | ||
Kion Group AG | 1,660 | 155,462 | ||
MTU Aero Engines AG | 573 | 129,677 | ||
Rational AG | 199 | 187,750 | ||
971,871 | ||||
Information Technology (0.3%): | ||||
Infineon Technologies AG | 3,796 | 156,186 | ||
TeamViewer AG (a) | 3,253 | 95,660 | ||
251,846 | ||||
Materials (0.6%): | ||||
Evonik Industries AG | 7,120 | 224,879 | ||
Symrise AG | 2,149 | 282,871 | ||
507,750 | ||||
Real Estate (1.0%): | ||||
Deutsche Wohnen SE | 4,445 | 272,442 | ||
LEG Immobilien AG | 2,047 | 289,716 | ||
Vonovia Se | 3,794 | 228,059 | ||
790,217 | ||||
Utilities (0.6%): | ||||
E.ON SE | 26,587 | 325,421 | ||
RWE AG | 5,456 | 193,049 | ||
518,470 | ||||
5,039,702 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Hong Kong (4.9%): | ||||
Consumer Discretionary (0.3%): | ||||
Techtronic Industries Co. | 7,513 | 149,693 | ||
Xinyi Glass Holdings, Ltd. | 39,435 | 118,035 | ||
267,728 | ||||
Consumer Staples (0.2%): | ||||
WH Group Ltd. | 206,366 | 147,132 | ||
147,132 | ||||
Financials (0.5%): | ||||
AIA Group Ltd. | 14,645 | 169,225 | ||
Hang Seng Bank, Ltd. | 13,322 | 228,639 | ||
397,864 | ||||
Health Care (0.1%): | ||||
Sino Biopharmaceutical Ltd. | 142,465 | 118,227 | ||
118,227 | ||||
Industrials (0.6%): | ||||
CK Hutchison Holdings Ltd. | 27,688 | 184,779 | ||
MTR Corp. Ltd. | 56,666 | 305,736 | ||
490,515 | ||||
Real Estate (1.3%): | ||||
CK Asset Holdings Ltd. | 36,480 | 211,352 | ||
Henderson Land Development Co. Ltd. | 60,459 | 231,836 | ||
New World Development Co. Ltd. | 44,400 | 181,663 | ||
Sino Land Co. Ltd. | 168,736 | 227,166 | ||
Sun Hung KAI Properties Ltd. | 17,166 | 214,785 | ||
1,066,802 | ||||
Utilities (1.9%): | ||||
CK Infrastructure Holdings Ltd. | 50,134 | 280,154 | ||
CLP Holdings, Inc. | 45,779 | 441,065 | ||
Hong Kong & China Gas Co. Ltd. | 271,765 | 411,955 | ||
Power Assets Holdings Ltd. | 73,695 | 433,589 | ||
1,566,763 | ||||
4,055,031 | ||||
Ireland (1.0%): | ||||
Consumer Staples (0.3%): | ||||
Kerry Group PLC | 1,843 | 247,609 | ||
247,609 | ||||
Industrials (0.2%): | ||||
Kingspan Group PLC | 1,679 | 167,237 | ||
167,237 | ||||
Materials (0.5%): | ||||
CRH PLC | 3,783 | 177,712 | ||
Smurfit Kappa Group PLC | 4,032 | 211,918 | ||
389,630 | ||||
804,476 | ||||
Israel (0.6%): | ||||
Financials (0.3%): | ||||
Bank Hapoalim BM | 29,141 | 257,741 | ||
257,741 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Israel (0.6%): (continued) | ||||
Information Technology (0.3%): | ||||
Nice Ltd. (a) | 844 | 235,732 | ||
235,732 | ||||
493,473 | ||||
Italy (3.7%): | ||||
Communication Services (0.4%): | ||||
Infrastrutture Wireless Italiane SpA | 20,204 | 225,485 | ||
Telecom Italia SpA | 317,385 | 124,761 | ||
350,246 | ||||
Consumer Discretionary (0.2%): | ||||
Moncler SpA | 3,126 | 191,960 | ||
191,960 | ||||
Energy (0.3%): | ||||
Snam SpA | 51,097 | 283,830 | ||
283,830 | ||||
Financials (1.4%): | ||||
Assicurazioni Generali SpA | 12,438 | 264,920 | ||
FinecoBank Banca Fineco SpA (a) | 13,695 | 248,550 | ||
Intesa Sanpaolo SpA | 75,522 | 214,606 | ||
Mediobanca Banca di Credito Finanziario SpA | 17,017 | 205,763 | ||
Poste Italiane SpA | 16,985 | 234,687 | ||
1,168,526 | ||||
Health Care (0.6%): | ||||
DiaSorin SpA | 872 | 183,154 | ||
Recordati Industria Chimica e Farmaceutica SpA | 4,572 | 266,247 | ||
449,401 | ||||
Information Technology (0.2%): | ||||
Nexi SpA (a) | 9,598 | 179,641 | ||
179,641 | ||||
Utilities (0.6%): | ||||
Enel SpA | 22,230 | 171,242 | ||
Terna SpA | 40,178 | 285,533 | ||
456,775 | ||||
3,080,379 | ||||
Japan (20.4%): | ||||
Communication Services (1.4%): | ||||
KDDI Corp. | 8,400 | 278,616 | ||
Nexon Co. Ltd. | 4,100 | 66,577 | ||
Nippon Telegraph & Telephone Corp. | 10,500 | 291,090 | ||
Softbank Corp. | 22,900 | 311,665 | ||
Z Holdings Corp. | 27,400 | 176,716 | ||
1,124,664 | ||||
Consumer Discretionary (2.0%): | ||||
Fast Retailing Co. Ltd. | 200 | 148,239 | ||
Nitori Co. Ltd. | 1,100 | 218,557 | ||
Pan Pacific International Holdings Corp. | 9,200 | 191,639 | ||
Panasonic Corp. | 14,900 | 186,116 | ||
Sekisui House, Ltd. | 11,100 | 234,558 | ||
Shimano ORD | 700 | 206,955 | ||
Suzuki Motor Co. | 4,200 | 188,524 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Japan (20.4%): (continued) | ||||
Consumer Discretionary (2.0%): (continued) | ||||
Toyota Industries Corp. | 2,900 | 239,756 | ||
1,614,344 | ||||
Consumer Staples (0.9%): | ||||
KAO Corp. | 4,000 | 239,216 | ||
Seven & i Holdings Co., Ltd. | 4,800 | 219,339 | ||
Unicharm Corp. | 5,500 | 244,604 | ||
703,159 | ||||
Financials (3.2%): | ||||
Dai-ichi Life Holdings, Inc. | 10,300 | 228,899 | ||
Japan Post Bank Co. Ltd. | 28,400 | 245,004 | ||
Japan Post Holdings Co. Ltd. | 26,500 | 224,945 | ||
Mizuho Financial Group, Inc. | 17,500 | 249,180 | ||
MS&AD Insurance Group Holdings, Inc. | 8,800 | 297,024 | ||
Nomura Holdings, Inc. | 34,100 | 169,642 | ||
ORIX Corp. | 11,100 | 210,469 | ||
Sompo Holdings, Inc. | 6,600 | 289,491 | ||
Sumitomo Mitsui Financial Group, Inc. | 6,800 | 241,007 | ||
Sumitomo Mitsui Trust Holdings, Inc. | 6,600 | 228,758 | ||
Tokio Marine Holdings, Inc. | 4,500 | 243,480 | ||
2,627,899 | ||||
Health Care (3.6%): | ||||
Astellas Pharma, Inc. | 16,000 | 264,917 | ||
Chugai Pharmaceutical Co. Ltd. | 4,900 | 180,668 | ||
Daiichi Sankyo Co. Ltd. | 6,400 | 171,359 | ||
Eisai Co. Ltd. | 2,200 | 165,989 | ||
Hoya Corp. | 1,500 | 235,554 | ||
Kyowa Kirin Co. Ltd. | 8,000 | 289,360 | ||
M3, Inc. | 2,200 | 158,001 | ||
Olympus Corp. | 8,700 | 192,052 | ||
Ono Pharmaceutical Co. Ltd. | 9,400 | 215,656 | ||
Otsuka Holdings Co. Ltd. | 6,300 | 271,011 | ||
Shionogi & Co. Ltd. | 4,700 | 323,273 | ||
Sysmex Corp. | 1,900 | 237,842 | ||
Terumo Corp. | 6,200 | 294,455 | ||
3,000,137 | ||||
Industrials (3.4%): | ||||
Daikin Industries Ltd. | 900 | 197,825 | ||
Fanuc Corp. | 700 | 154,525 | ||
ITOCHU Corp. | 10,200 | 300,372 | ||
Komatsu Ltd. | 6,900 | 167,105 | ||
Kubota Corp. | 9,500 | 203,950 | ||
Mitsubishi Corp. | 10,300 | 327,290 | ||
Mitsubishi Electric Corp. | 16,500 | 230,864 | ||
MonotaRO Co., Ltd. | 4,600 | 104,335 | ||
Nidec Corp. | 1,300 | 145,093 | ||
Secom Co. Ltd. | 3,200 | 233,012 | ||
SG Holdings Co. Ltd. | 5,600 | 160,029 | ||
SMC Corp. | 300 | 188,929 | ||
Toshiba Corp. | 4,700 | 199,142 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Japan (20.4%): (continued) | ||||
Industrials (3.4%): (continued) | ||||
Toyota Tsusho Corp. | 4,600 | 196,558 | ||
2,809,029 | ||||
Information Technology (4.4%): | ||||
Advantest Corp. | 1,400 | 126,186 | ||
Canon, Inc. | 6,700 | 165,001 | ||
Fujifilm Holdings Corp. | 4,200 | 363,801 | ||
Fujitsu, Ltd. | 1,200 | 219,015 | ||
Hitachi, Ltd. | 4,300 | 256,578 | ||
Keyence Corp. | 400 | 240,834 | ||
Kyocera Corp. | 4,100 | 257,908 | ||
Murata Manufacturing Co. Ltd. | 2,800 | 250,611 | ||
NEC Corp. | 3,300 | 180,005 | ||
Nomura Research Institute Ltd. | 6,100 | 226,941 | ||
NTT Data Corp. | 11,500 | 223,738 | ||
OBIC Co. Ltd. | 1,100 | 211,242 | ||
Omron Corp. | 2,800 | 279,296 | ||
Renesas Electronics Corp. (a) | 12,400 | 155,557 | ||
TDK Corp. | 3,900 | 141,764 | ||
Tokyo Electron Ltd. | 400 | 178,541 | ||
Yaskawa Electric Corp. | 3,900 | 189,252 | ||
3,666,270 | ||||
Materials (0.6%): | ||||
Asahi Kasei Corp. | 16,500 | 177,411 | ||
Nippon Paint Holdings Co. Ltd. | 9,400 | 102,802 | ||
Shin-Etsu Chemical Co. Ltd. | 1,200 | 203,810 | ||
484,023 | ||||
Real Estate (0.9%): | ||||
Daiwa House Industry Co. Ltd. | 6,500 | 218,399 | ||
Mitsubishi Estate Co. Ltd. | 12,800 | 204,802 | ||
Mitsui Fudosan Co. Ltd. | 7,300 | 174,989 | ||
Sumitomo Realty & Development Co., Ltd. | 5,000 | 183,636 | ||
781,826 | ||||
16,811,351 | ||||
Korea, Republic Of (4.7%): | ||||
Communication Services (0.8%): | ||||
Kakao Corp. | 1,579 | 157,500 | ||
Naver Corp. | 467 | 153,166 | ||
Netmarble Corp. | 1,186 | 118,299 | ||
SK Telecom Co. Ltd. | 809 | 221,569 | ||
650,534 | ||||
Consumer Discretionary (0.5%): | ||||
Hyundai Mobis | 444 | 94,955 | ||
Hyundai Motor Co. | 572 | 96,703 | ||
KIA Motors Corp. | 1,499 | 102,890 | ||
LG Electronics, Inc. | 687 | 74,043 | ||
368,591 | ||||
Consumer Staples (0.3%): | ||||
Amorepacific Corp. | 701 | 105,772 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Korea, Republic Of (4.7%): (continued) | ||||
Consumer Staples (0.3%): (continued) | ||||
LG Household & Health Care Ltd. | 145 | 163,876 | ||
269,648 | ||||
Financials (0.8%): | ||||
Hana Financial Group, Inc. | 4,402 | 172,657 | ||
KB Financial Group, Inc. | 3,673 | 171,696 | ||
Samsung Life Insurance Co., Ltd. | 1,847 | 114,598 | ||
Shinhan Financial Group Co. Ltd. | 5,940 | 202,854 | ||
661,805 | ||||
Health Care (0.4%): | ||||
Celltrion Healthcare Co., Ltd. (a) | 926 | 85,633 | ||
Celltrion, Inc. (a) | 422 | 92,569 | ||
Samsung Biologics Co., Ltd. (a) | 235 | 173,618 | ||
351,820 | ||||
Industrials (0.3%): | ||||
LG Corp. | 1,535 | 120,672 | ||
Samsung C&T Corp. | 1,283 | 133,940 | ||
254,612 | ||||
Information Technology (0.8%): | ||||
Samsung Electro-Mechanics Co., Ltd. | 979 | 146,892 | ||
Samsung Electronics Co. Ltd. | 2,660 | 166,616 | ||
Samsung SDI Co. Ltd. | 232 | 140,808 | ||
Samsung SDS Co. Ltd. | 975 | 132,280 | ||
SK Hynix, Inc. | 1,173 | 102,129 | ||
688,725 | ||||
Materials (0.6%): | ||||
LG Chem Ltd. | 164 | 107,578 | ||
Lotte Chemical Corp. | 463 | 94,518 | ||
POSCO | 574 | 160,118 | ||
POSCO Chemical Co., Ltd. | 804 | 120,294 | ||
482,508 | ||||
Utilities (0.2%): | ||||
Korea Electric Power Corp. | 8,075 | 160,749 | ||
160,749 | ||||
3,888,992 | ||||
Luxembourg (0.4%): | ||||
Health Care (0.2%): | ||||
Eurofins Scientific SE | 1,573 | 201,933 | ||
201,933 | ||||
Real Estate (0.2%): | ||||
Aroundtown SA | 20,280 | 140,225 | ||
140,225 | ||||
342,158 | ||||
Mexico (0.1%): | ||||
Materials (0.1%): | ||||
Fresnillo PLC | 9,760 | 102,744 | ||
102,744 | ||||
Netherlands (2.6%): | ||||
Financials (0.7%): | ||||
Aegon NV | 28,638 | 148,164 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Netherlands (2.6%): (continued) | ||||
Financials (0.7%): (continued) | ||||
ING Groep NV | 11,061 | 161,007 | ||
NN Group NV | 4,600 | 241,185 | ||
550,356 | ||||
Industrials (0.6%): | ||||
Randstad N.V. | 2,466 | 165,940 | ||
Wolters Kluwer N.V. | 3,097 | 328,492 | ||
494,432 | ||||
Information Technology (0.7%): | ||||
Adyen N.V. (a) | 65 | 181,808 | ||
ASM International NV | 472 | 184,884 | ||
ASML Holding N.V. | 293 | 219,187 | ||
585,879 | ||||
Materials (0.6%): | ||||
AKZO Nobel N.V | 2,268 | 247,917 | ||
Koninklijke DSM N.V. | 1,470 | 294,116 | ||
542,033 | ||||
2,172,700 | ||||
New Zealand (0.2%): | ||||
Health Care (0.2%): | ||||
Fisher & Paykel Healthcare Corp., Ltd. | 6,537 | 144,357 | ||
144,357 | ||||
Norway (2.0%): | ||||
Communication Services (0.3%): | ||||
Telenor ASA | 13,631 | 229,773 | ||
229,773 | ||||
Consumer Staples (0.5%): | ||||
Mowi ASA | 6,542 | 166,275 | ||
Orkla ASA, Class A | 26,951 | 247,415 | ||
413,690 | ||||
Energy (0.2%): | ||||
Aker BP ASA | 5,066 | 165,284 | ||
165,284 | ||||
Financials (0.5%): | ||||
DNB Bank ASA (a) | 8,575 | 196,211 | ||
Gjensidige Forsikring ASA | 9,192 | 203,860 | ||
400,071 | ||||
Materials (0.5%): | ||||
Norsk Hydro ASA | 24,530 | 183,925 | ||
Yara International ASA | 4,341 | 215,748 | ||
399,673 | ||||
1,608,491 | ||||
Portugal (0.6%): | ||||
Consumer Staples (0.4%): | ||||
Jeronimo Martins & Filho SA | 16,086 | 320,636 | ||
320,636 | ||||
Utilities (0.2%): | ||||
EDP - Energias de Portugal SA | 35,961 | 188,882 | ||
188,882 | ||||
509,518 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Russian Federation (0.3%): | ||||
Materials (0.3%): | ||||
Evraz PLC | 19,089 | 152,860 | ||
Polymetal International PLC | 7,634 | 129,380 | ||
282,240 | ||||
Singapore (1.7%): | ||||
Communication Services (0.3%): | ||||
Singapore Telecommunications, Ltd. | 157,800 | 285,958 | ||
285,958 | ||||
Consumer Staples (0.2%): | ||||
Wilmar International Ltd. | 55,600 | 172,432 | ||
172,432 | ||||
Financials (1.2%): | ||||
DBS Group Holdings Ltd. | 12,700 | 283,657 | ||
Oversea-Chinese Banking Corp. Ltd. | 39,500 | 334,622 | ||
United Overseas Bank | 18,100 | 344,667 | ||
962,946 | ||||
1,421,336 | ||||
Spain (1.3%): | ||||
Consumer Discretionary (0.3%): | ||||
Industria de Diseno Textil SA | 5,496 | 202,549 | ||
202,549 | ||||
Financials (0.2%): | ||||
Caixabank SA | 44,423 | 138,093 | ||
138,093 | ||||
Health Care (0.2%): | ||||
Grifols SA | 6,747 | 164,727 | ||
164,727 | ||||
Industrials (0.1%): | ||||
ACS Actividades de Construccion y Servicios SA | 3,735 | 101,442 | ||
101,442 | ||||
Utilities (0.5%): | ||||
Endesa SA | 10,585 | 213,561 | ||
Iberdrola SA | 23,020 | 231,530 | ||
445,091 | ||||
1,051,902 | ||||
Sweden (6.0%): | ||||
Consumer Staples (0.6%): | ||||
Essity Aktiebolag, Class B | 8,022 | 249,338 | ||
ICA Gruppen AB | 5,714 | 262,550 | ||
511,888 | ||||
Energy (0.2%): | ||||
Lundin Energy AB | 4,861 | 181,529 | ||
181,529 | ||||
Financials (2.1%): | ||||
EQT AB | 3,620 | 151,400 | ||
Industrivarden AB, Class C | 6,951 | 216,050 | ||
Investor AB, Class B | 13,175 | 284,755 | ||
Kinnevik AB, Class B (a) | 3,377 | 119,299 | ||
L E Lundbergforetagen AB, Class B | 4,346 | 239,671 | ||
Skandinavisk Enskilda Banken AB | 17,513 | 247,953 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Sweden (6.0%): (continued) | ||||
Financials (2.1%): (continued) | ||||
Svenska Handelsbanken AB | 19,516 | 219,265 | ||
Swedbank AB, Class A Shares | 12,124 | 245,636 | ||
1,724,029 | ||||
Industrials (2.2%): | ||||
ALFA Laval AB | 6,266 | 235,286 | ||
ASSA Abloy AB | 7,113 | 207,836 | ||
Atlas Copco AB, Class A Shares | 3,387 | 205,981 | ||
Epiroc AB, Class A | 8,971 | 186,573 | ||
Nibe Industrier AB, Class B | 22,072 | 279,081 | ||
Sandvik AB | 6,495 | 149,329 | ||
Skanska AB | 7,819 | 197,193 | ||
SKF AB, Class B | 6,651 | 157,780 | ||
Volvo AB | 8,179 | 184,177 | ||
1,803,236 | ||||
Information Technology (0.5%): | ||||
Hexagon AB, Class B | 15,923 | 247,367 | ||
Telefonaktiebolaget LM Ericsson, Class B | 12,866 | 145,698 | ||
393,065 | ||||
Materials (0.4%): | ||||
Boliden AB | 4,852 | 156,519 | ||
Svenska Cellulosa AB SCA, Class B | 12,877 | 200,709 | ||
357,228 | ||||
4,970,975 | ||||
Switzerland (7.0%): | ||||
Communication Services (0.5%): | ||||
Swisscom AG | 778 | 448,699 | ||
448,699 | ||||
Consumer Discretionary (0.3%): | ||||
CIE Financiere Richemont SA | 1,973 | 206,278 | ||
206,278 | ||||
Consumer Staples (0.9%): | ||||
Barry Callebaut AG | 156 | 354,926 | ||
Chocoladefabriken Lindt & Spruengli AG | 34 | 380,210 | ||
735,136 | ||||
Financials (0.9%): | ||||
Julius Baer Group Ltd. | 3,113 | 208,202 | ||
Partners Group Holding AG | 193 | 303,750 | ||
Swiss Life Holding AG | 487 | 247,472 | ||
759,424 | ||||
Health Care (0.6%): | ||||
Sonova Holding AG | 643 | 245,110 | ||
Straumann Holding AG | 146 | 263,781 | ||
508,891 | ||||
Industrials (1.9%): | ||||
ABB Ltd. | 8,851 | 298,168 | ||
Geberit AG | 483 | 357,144 | ||
Kuehne & Nagel International AG | 862 | 295,474 | ||
Schindler Holding AG | 934 | 251,793 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Switzerland (7.0%): (continued) | ||||
Industrials (1.9%): (continued) | ||||
SGS SA | 116 | 339,361 | ||
1,541,940 | ||||
Information Technology (0.5%): | ||||
Logitech International SA, Class R | 1,347 | 120,360 | ||
Stmicroelectronics N.V. | 3,941 | 172,377 | ||
Temenos AG | 933 | 127,263 | ||
420,000 | ||||
Materials (1.4%): | ||||
EMS-Chemie Holding AG | 334 | 316,866 | ||
Givaudan SA | 72 | 329,324 | ||
Holcim, Ltd. | 4,238 | 205,305 | ||
Sika AG | 877 | 279,345 | ||
1,130,840 | ||||
5,751,208 | ||||
United Kingdom (6.8%): | ||||
Communication Services (0.2%): | ||||
BT Group PLC (a) | 66,687 | 143,566 | ||
143,566 | ||||
Consumer Discretionary (0.9%): | ||||
Barratt Developments PLC | 12,911 | 114,868 | ||
Burberry Group PLC | 6,373 | 155,831 | ||
JD Sports Fashion PLC | 11,110 | 156,933 | ||
Next PLC | 1,496 | 165,506 | ||
Persimmon PLC | 3,225 | 115,917 | ||
709,055 | ||||
Consumer Staples (0.1%): | ||||
Associated British Foods PLC | 4,697 | 117,697 | ||
117,697 | ||||
Financials (1.9%): | ||||
3I Group PLC | 12,489 | 215,615 | ||
Admiral Group PLC | 5,891 | 246,662 | ||
Hargreaves Lansdown PLC | 7,053 | 136,018 | ||
Legal & General Group PLC | 36,464 | 138,089 | ||
Lloyds Banking Group PLC | 216,600 | 135,893 | ||
London Stock Exchange Group | 1,690 | 169,619 | ||
Phoenix Group Holdings PLC | 22,358 | 194,459 | ||
Schroders PLC | 4,136 | 200,314 | ||
Standard Chartered PLC | 20,102 | 118,075 | ||
1,554,744 | ||||
Health Care (0.2%): | ||||
Smith & Nephew PLC | 9,322 | 161,629 | ||
161,629 | ||||
Industrials (1.8%): | ||||
Ashtead Group PLC | 3,370 | 256,332 | ||
Bunzl PLC | 7,927 | 262,176 | ||
Ferguson PLC | 1,798 | 250,341 | ||
Intertek Group PLC | 2,672 | 179,158 | ||
Rentokil Initial PLC | 32,082 | 252,237 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan International ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
United Kingdom (6.8%): (continued) | ||||
Industrials (1.8%): (continued) | ||||
Spirax-Sarco Engineering PLC | 1,484 | 299,287 | ||
1,499,531 | ||||
Information Technology (0.5%): | ||||
AVEVA Group PLC | 3,167 | 153,597 | ||
Halma PLC | 6,887 | 263,686 | ||
417,283 | ||||
Materials (0.9%): | ||||
Anglo American PLC | 3,481 | 122,985 | ||
Croda International PLC | 2,663 | 306,524 | ||
Mondi PLC | 7,614 | 187,663 | ||
Rio Tinto PLC | 2,349 | 155,491 | ||
772,663 | ||||
Utilities (0.3%): | ||||
SSE PLC | 10,274 | 217,444 | ||
217,444 | ||||
5,593,612 | ||||
United States (0.5%): | ||||
Industrials (0.5%): | ||||
Waste Connections, Inc. | 3,031 | 382,082 | ||
382,082 | ||||
Total Common Stocks (Cost $73,728,270) | 81,954,942 | |||
Total Investments (Cost $73,728,270) — 99.3% | 81,954,942 | |||
Other assets in excess of liabilities — 0.7% | 613,152 | |||
NET ASSETS - 100.00% | 82,568,094 |
Percentages indicated are based on net assets as of September 30, 2021.
(a) | Non-income producing security. |
Futures Contracts
Long Futures
Index Futures | Expiration Date | Number of Contracts | Notional Amount | Value and Unrealized Appreciation/ (Depreciation) | ||||||||
| ||||||||||||
Mini MSCI EAFE Index December Future (U.S. Dollar) | 12/20/21 | 3 | $ | 340,050 | $ | (15,007) | ||||||
|
| |||||||||||
$ | (15,007) | |||||||||||
|
|
Schedule of Portfolio Investments
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Common Stocks (99.7%) | ||||
Communication Services (0.7%): | ||||
Cable One, Inc. | 31 | 56,207 | ||
Liberty Broadband Corp., Class C(a) | 435 | 75,124 | ||
131,331 | ||||
Consumer Discretionary (9.4%): | ||||
Aptiv PLC(a) | 343 | 51,097 | ||
AutoZone, Inc.(a) | 52 | 88,296 | ||
Booking Holdings, Inc.(a) | 18 | 42,730 | ||
BorgWarner, Inc. | 1,030 | 44,506 | ||
Bright Horizons Family Solutions, Inc.(a) | 294 | 40,990 | ||
CarMax, Inc.(a) | 383 | 49,009 | ||
Chipotle Mexican Grill, Inc.(a) | 37 | 67,248 | ||
Deckers Outdoor Corp.(a) | 140 | 50,428 | ||
Dollar General Corp. | 364 | 77,219 | ||
Dollar Tree, Inc.(a) | 497 | 47,573 | ||
Domino’s Pizza, Inc. | 179 | 85,376 | ||
DR Horton, Inc. | 470 | 39,466 | ||
Five Below, Inc.(a) | 242 | 42,788 | ||
Floor & Decor Holdings, Inc., Class A(a) | 374 | 45,175 | ||
Garmin Ltd. | 569 | 88,457 | ||
Gentex Corp. | 2,077 | 68,499 | ||
Genuine Parts Co. | 533 | 64,616 | ||
Lear Corp. | 273 | 42,719 | ||
Lennar Corp. | 375 | 35,130 | ||
Lithia Motors, Inc. | 85 | 26,948 | ||
LKQ Corp.(a) | 1,129 | 56,811 | ||
Lowe’s Cos., Inc. | 307 | 62,278 | ||
Mohawk Industries, Inc.(a) | 213 | 37,786 | ||
NVR, Inc.(a) | 11 | 52,735 | ||
O’Reilly Automotive, Inc.(a) | 149 | 91,048 | ||
Peloton Interactive, Inc., Class A(a) | 208 | 18,106 | ||
Pool Corp. | 134 | 58,211 | ||
Pultegroup, Inc. | 816 | 37,471 | ||
RH(a) | 58 | 38,681 | ||
Ross Stores, Inc. | 351 | 38,206 | ||
Service Corp. International | 1,282 | 77,253 | ||
Tesla, Inc.(a) | 34 | 26,366 | ||
Tractor Supply Co. | 326 | 66,051 | ||
Vail Resorts, Inc.(a) | 160 | 53,448 | ||
Wayfair, Inc., Class A(a) | 78 | 19,930 | ||
1,832,651 | ||||
Consumer Staples (3.8%): | ||||
Bunge, Ltd. | 752 | 61,153 | ||
Campbell Soup Co. | 1,483 | 62,004 | ||
Conagra Brands, Inc. | 2,191 | 74,209 | ||
Costco Wholesale Corp. | 258 | 115,932 | ||
Darling Ingredients, Inc.(a) | 537 | 38,610 | ||
Hormel Foods Corp. | 1,862 | 76,342 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Consumer Staples (3.8%): (continued) | ||||
Lamb Weston Holding, Inc. | 601 | 36,884 | ||
McCormick & Co., Inc. | 969 | 78,518 | ||
Monster Beverage Corp.(a) | 764 | 67,866 | ||
The JM Smucker Co. | 557 | 66,857 | ||
Tyson Foods, Inc., Class A | 847 | 66,862 | ||
745,237 | ||||
Energy (0.8%): | ||||
Kinder Morgan, Inc. | 3,376 | 56,481 | ||
ONEOK, Inc. | 730 | 42,333 | ||
The Williams Cos., Inc. | 2,127 | 55,174 | ||
153,988 | ||||
Financials (13.2%): | ||||
Aflac, Inc. | 1,199 | 62,504 | ||
Alleghany Corp.(a) | 89 | 55,573 | ||
American Financial Group, Inc. | 384 | 48,319 | ||
Apollo Global Management, Inc. | 1,050 | 64,670 | ||
Arch Capital Group Ltd.(a) | 1,435 | 54,788 | ||
Ares Management Corp., Class A | 1,326 | 97,899 | ||
Arthur J Gallagher & Co. | 699 | 103,906 | ||
Athene Holding, Ltd., Class A(a) | 843 | 58,057 | ||
BlackRock, Inc. | 86 | 72,125 | ||
Brown & Brown, Inc. | 1,747 | 96,871 | ||
Cboe Global Markets, Inc. | 571 | 70,724 | ||
Cincinnati Financial Corp. | 452 | 51,627 | ||
Commerce Bancshares, Inc. | 765 | 53,305 | ||
East West Bancorp, Inc. | 508 | 39,390 | ||
Erie Indemnity Co., Class A | 322 | 57,451 | ||
Everest Re Group, Ltd. | 237 | 59,435 | ||
FactSet Research Systems, Inc. | 238 | 93,958 | ||
First Horizon Corp. | 2,294 | 37,369 | ||
First Republic Bank | 361 | 69,630 | ||
Franklin Resources, Inc. | 1,447 | 43,005 | ||
Globe Life, Inc. | 635 | 56,534 | ||
Interactive Brokers Group, Inc. | 778 | 48,501 | ||
Intercontinental Exchange, Inc. | 721 | 82,785 | ||
Invesco Ltd. | 1,510 | 36,406 | ||
LPL Financial Holdings, Inc. | 350 | 54,866 | ||
Markel Corp.(a) | 54 | 64,537 | ||
MarketAxess Holdings, Inc. | 90 | 37,862 | ||
Morningstar, Inc. | 275 | 71,233 | ||
MSCI, Inc. | 126 | 76,651 | ||
Nasdaq, Inc. | 492 | 94,966 | ||
Principal Financial Group, Inc. | 732 | 47,141 | ||
Reinsurance Group of America, Inc. | 294 | 32,710 | ||
RenaissancereRe Holdings, Ltd. | 401 | 55,899 | ||
Santander Consumer USA Holdings, Inc. | 1,602 | 66,803 | ||
SEI Investments Co. | 988 | 58,588 | ||
Signature Bank | 143 | 38,936 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Financials (13.2%): (continued) | ||||
SVB Financial Group(a) | 93 | 60,160 | ||
The Carlyle Group, Inc. | 1,772 | 83,780 | ||
The Charles Schwab Corp. | 764 | 55,650 | ||
Tradeweb Markets, Inc., Class A | 741 | 59,858 | ||
Western Alliance Bancorp | 380 | 41,352 | ||
WR Berkley Corp. | 797 | 58,325 | ||
2,574,149 | ||||
Health Care (15.6%): | ||||
ABIOMED, Inc.(a) | 144 | 46,875 | ||
Agilent Technologies, Inc. | 585 | 92,155 | ||
Align Technology, Inc.(a) | 52 | 34,602 | ||
Amedisys, Inc.(a) | 194 | 28,925 | ||
Amgen, Inc. | 293 | 62,306 | ||
Avantor, Inc.(a) | 1,495 | 61,145 | ||
Baxter International, Inc. | 978 | 78,660 | ||
BioMarin Pharmaceutical, Inc.(a) | 447 | 34,549 | ||
Bio-Rad Laboratories, Inc., Class A(a) | 86 | 64,152 | ||
Bruker Corp. | 863 | 67,400 | ||
Cardinal Health, Inc. | 935 | 46,245 | ||
Catalent, Inc.(a) | 455 | 60,547 | ||
Centene Corp.(a) | 830 | 51,717 | ||
Cerner Corp. | 1,163 | 82,015 | ||
Charles River Laboratories International, Inc.(a) | 185 | 76,344 | ||
Danaher Corp. | 307 | 93,463 | ||
DaVita, Inc.(a) | 566 | 65,803 | ||
Denali Therapeutics, Inc.(a) | 413 | 20,836 | ||
Dexcom, Inc.(a) | 111 | 60,701 | ||
Edwards Lifesciences Corp.(a) | 752 | 85,134 | ||
Encompass Health Corp. | 780 | 58,531 | ||
HCA Healthcare, Inc. | 262 | 63,593 | ||
Henry Schein, Inc.(a) | 768 | 58,491 | ||
Horizon Therapeutics PLC(a) | 343 | 37,572 | ||
Humana, Inc. | 157 | 61,097 | ||
IDEXX Laboratories, Inc.(a) | 103 | 64,056 | ||
Illumina, Inc.(a) | 101 | 40,967 | ||
Insulet Corp.(a) | 143 | 40,645 | ||
Intuitive Surgical, Inc.(a) | 71 | 70,585 | ||
IQVIA Holdings, Inc.(a) | 318 | 76,174 | ||
Jazz Pharmaceuticals PLC(a) | 310 | 40,365 | ||
Masimo Corp.(a) | 236 | 63,888 | ||
Mettler-Toledo International, Inc.(a) | 53 | 73,000 | ||
Molina Healthcare, Inc.(a) | 192 | 52,091 | ||
Neurocrine Biosciences, Inc.(a) | 393 | 37,693 | ||
Novocure, Ltd.(a) | 233 | 27,068 | ||
PerkinElmer, Inc. | 395 | 68,450 | ||
PPD, Inc.(a) | 1,353 | 63,307 | ||
Regeneron Pharmaceuticals, Inc.(a) | 118 | 71,411 | ||
Repligen Corp.(a) | 193 | 55,775 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Health Care (15.6%): (continued) | ||||
ResMed, Inc. | 294 | 77,484 | ||
Seagen, Inc.(a) | 275 | 46,695 | ||
STERIS PLC | 366 | 74,766 | ||
Stryker Corp. | 262 | 69,095 | ||
Syneos Health, Inc.(a) | 622 | 54,413 | ||
Teleflex, Inc. | 147 | 55,353 | ||
Veeva Systems, Inc., Class A(a) | 170 | 48,989 | ||
Vertex Pharamaceuticals, Inc.(a) | 224 | 40,631 | ||
Waters Corp.(a) | 206 | 73,604 | ||
West Pharmaceutical Services, Inc. | 212 | 90,002 | ||
Zoetis, Inc. | 474 | 92,022 | ||
3,061,387 | ||||
Industrials (22.6%): | ||||
A O Smith Corp. | 879 | 53,680 | ||
Advanced Drainage Systems, Inc. | 339 | 36,670 | ||
AGCO Corp. | 329 | 40,312 | ||
Allegion PLC | 449 | 59,349 | ||
AMERCO, Inc. | 109 | 70,417 | ||
AMETEK, Inc. | 571 | 70,810 | ||
Builders FirstSource, Inc.(a) | 746 | 38,598 | ||
Carlisle Companies, Inc. | 377 | 74,944 | ||
Carrier Global Corp. | 1,287 | 66,615 | ||
Caterpillar, Inc. | 254 | 48,760 | ||
CH Robinson Worldwide, Inc. | 633 | 55,071 | ||
Cintas Corp. | 175 | 66,615 | ||
Copart, Inc.(a) | 580 | 80,458 | ||
Costar Group, Inc.(a) | 592 | 50,947 | ||
CSX Corp. | 2,227 | 66,231 | ||
Deere & Co. | 158 | 52,941 | ||
Dover Corp. | 571 | 88,790 | ||
Eaton Corp. PLC | 477 | 71,221 | ||
Emerson Electric Co. | 665 | 62,643 | ||
Enphase Energy, Inc.(a) | 155 | 23,245 | ||
Equifax, Inc. | 326 | 82,615 | ||
Expeditors International of Washington, Inc. | 738 | 87,918 | ||
Fastenal Co. | 1,385 | 71,480 | ||
Fortive Corp. | 966 | 68,171 | ||
Fortune Brands Home & Security, Inc. | 566 | 50,612 | ||
Generac Holdings, Inc.(a) | 113 | 46,180 | ||
General Dynamics Corp. | 417 | 81,744 | ||
Graco, Inc. | 1,110 | 77,667 | ||
HEICO Corp. | 427 | 56,308 | ||
Honeywell International, Inc. | 310 | 65,807 | ||
Howmet Aerospace, Inc. | 1,168 | 36,442 | ||
Hubbell, Inc. | 372 | 67,209 | ||
IAA, Inc.(a) | 932 | 50,859 | ||
IDEX Corp. | 329 | 68,087 | ||
Illinois Tool Works, Inc. | 371 | 76,660 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Industrials (22.6%): (continued) | ||||
J.B. Hunt Transport Services, Inc. | 379 | 63,376 | ||
Jacobs Engineering Group, Inc. | 470 | 62,289 | ||
Johnson Controls International PLC | 1,110 | 75,569 | ||
Kansas City Southern | 228 | 61,706 | ||
Lennox International, Inc. | 203 | 59,716 | ||
Masco Corp. | 1,074 | 59,661 | ||
Nordson Corp. | 336 | 80,018 | ||
Norfolk Southern Corp. | 262 | 62,683 | ||
Old Dominion Freight Line, Inc. | 261 | 74,641 | ||
Otis Worldwide Corp. | 1,031 | 84,831 | ||
PACCAR, Inc. | 701 | 55,323 | ||
Parker Hannifin Corp. | 171 | 47,815 | ||
Quanta Services, Inc. | 570 | 64,877 | ||
Republic Services, Inc. | 911 | 109,375 | ||
Robert Half International, Inc. | 563 | 56,486 | ||
Rockwell Automation, Inc. | 254 | 74,686 | ||
Rollins, Inc. | 1,627 | 57,482 | ||
Roper Technologies, Inc. | 162 | 72,273 | ||
Snap-on, Inc. | 246 | 51,402 | ||
Teledyne Technologies, Inc.(a) | 134 | 57,564 | ||
The Middleby Corp.(a) | 257 | 43,821 | ||
Toro Co. | 798 | 77,733 | ||
Trane Technologies PLC | 394 | 68,024 | ||
TransDigm Group, Inc.(a) | 86 | 53,713 | ||
TransUnion | 603 | 67,723 | ||
Trex Co., Inc.(a) | 442 | 45,053 | ||
Union Pacific Corp. | 308 | 60,371 | ||
United Rentals, Inc.(a) | 124 | 43,515 | ||
Verisk Analytics, Inc. | 391 | 78,306 | ||
Waste Management, Inc. | 697 | 104,104 | ||
Watsco, Inc. | 194 | 51,336 | ||
Westinghouse Air Brake Technologies Corp. | 599 | 51,640 | ||
WW Grainger, Inc. | 183 | 71,930 | ||
XPO Logistics, Inc.(a) | 332 | 26,421 | ||
Xylem, Inc. | 667 | 82,495 | ||
4,424,034 | ||||
Information Technology (17.1%): | ||||
Advanced Micro Devices, Inc.(a) | 420 | 43,218 | ||
Akamai Technologies, Inc.(a) | 543 | 56,792 | ||
Amphenol Corp., Class A | 1,074 | 78,649 | ||
Analog Devices, Inc. | 383 | 64,145 | ||
ANSYS, Inc.(a) | 133 | 45,280 | ||
Arista Networks, Inc.(a) | 154 | 52,921 | ||
Aspen Technology, Inc.(a) | 257 | 31,560 | ||
Black Knight, Inc.(a) | 919 | 66,168 | ||
Broadcom, Inc. | 116 | 56,252 | ||
Broadridge Financial Solutions, Inc. | 502 | 83,653 | ||
Cadence Design Systems, Inc.(a) | 331 | 50,127 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Information Technology (17.1%): (continued) | ||||
CDW Corp. | 340 | 61,887 | ||
Ciena Corp.(a) | 768 | 39,437 | ||
Citrix Systems, Inc. | 359 | 38,546 | ||
Cognex Corp. | 631 | 50,619 | ||
Cognizant Technology Solutions Corp., Class A | 848 | 62,930 | ||
Dolby Laboratories, Inc. | 685 | 60,280 | ||
Dynatrace, Inc.(a) | 625 | 44,356 | ||
Entegris, Inc. | 355 | 44,694 | ||
EPAM Systems, Inc.(a) | 118 | 67,317 | ||
F5 Networks, Inc.(a) | 279 | 55,460 | ||
Fair Isaac Corp.(a) | 94 | 37,405 | ||
Fidelity National Information Services, Inc. | 434 | 52,809 | ||
First Solar, Inc.(a) | 391 | 37,325 | ||
Fiserv, Inc.(a) | 507 | 55,009 | ||
FleetCor Technologies, Inc.(a) | 166 | 43,371 | ||
Fortinet, Inc.(a) | 243 | 70,966 | ||
Gartner, Inc.(a) | 297 | 90,252 | ||
II-VI, Inc.(a) | 448 | 26,593 | ||
IPG Photonics Corp.(a) | 205 | 32,472 | ||
Jack Henry & Associates, Inc. | 377 | 61,851 | ||
Keysight Technologies, Inc.(a) | 446 | 73,273 | ||
KLA Corp. | 112 | 37,465 | ||
Lam Research Corp. | 58 | 33,011 | ||
Leidos Holdings, Inc. | 599 | 57,582 | ||
Manhattan Associates, Inc.(a) | 399 | 61,059 | ||
Marvell Technology, Inc. | 774 | 46,680 | ||
Microchip Technology, Inc. | 265 | 40,675 | ||
Micron Technology, Inc. | 445 | 31,586 | ||
MKS Instruments, Inc. | 207 | 31,238 | ||
Monolithic Power Systems, Inc. | 99 | 47,983 | ||
NetApp, Inc. | 614 | 55,113 | ||
NVIDIA Corp. | 276 | 57,176 | ||
NXP Semiconductors NV | 212 | 41,524 | ||
ON Semiconductor Corp.(a) | 918 | 42,017 | ||
Paychex, Inc. | 869 | 97,719 | ||
Paycom Software, Inc.(a) | 112 | 55,524 | ||
Paylocity Holding Corp.(a) | 221 | 61,968 | ||
PTC, Inc.(a) | 304 | 36,416 | ||
Qorvo, Inc.(a) | 199 | 33,271 | ||
Seagate Technology Holdings PLC | 644 | 53,143 | ||
ServiceNow, Inc.(a) | 84 | 52,271 | ||
Skyworks Solutions, Inc. | 213 | 35,098 | ||
SS&C Technologies Holdings, Inc. | 1,025 | 71,135 | ||
Synopsys, Inc.(a) | 191 | 57,187 | ||
TE Connectivity Ltd. | 513 | 70,394 | ||
Teradyne, Inc. | 295 | 32,205 | ||
The Trade Desk, Inc., Class A(a) | 391 | 27,487 | ||
The Western Union Co. | 2,400 | 48,528 | ||
Trimble, Inc.(a) | 666 | 54,778 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Information Technology (17.1%): (continued) | ||||
Tyler Technologies, Inc.(a) | 126 | 57,790 | ||
Universal Display Corp. | 190 | 32,482 | ||
VeriSign, Inc.(a) | 352 | 72,164 | ||
Western Digital Corp.(a) | 470 | 26,527 | ||
Zebra Technologies Corp.(a) | 106 | 54,635 | ||
3,349,448 | ||||
Materials (7.6%): | ||||
Albemarle Corp. | 239 | 52,334 | ||
AptarGroup, Inc. | 596 | 71,132 | ||
Avery Dennison Corp. | 304 | 62,992 | ||
Ball Corp. | 810 | 72,876 | ||
Celanese Corp. | 390 | 58,750 | ||
CF Industries Holdings, Inc. | 959 | 53,531 | ||
Corteva, Inc. | 1,159 | 48,771 | ||
Crown Holdings, Inc. | 615 | 61,980 | ||
Eastman Chemical Co. | 493 | 49,665 | ||
FMC Corp. | 590 | 54,020 | ||
Freeport-McMoRan, Inc. | 1,025 | 33,343 | ||
International Flavors & Fragrances, Inc. | 371 | 49,610 | ||
International Paper Co. | 1,004 | 56,144 | ||
LyondellBasell Industries NV, Class A | 412 | 38,666 | ||
Martin Marietta Materials, Inc. | 150 | 51,252 | ||
Newmont Corp. | 869 | 47,187 | ||
Nucor Corp. | 630 | 62,049 | ||
Packaging Corp. of America | 475 | 65,284 | ||
PPG Industries, Inc. | 454 | 64,926 | ||
Reliance Steel & Aluminum Co. | 396 | 56,398 | ||
RPM International, Inc. | 916 | 71,127 | ||
Steel Dynamics, Inc. | 862 | 50,410 | ||
The Mosaic Co. | 1,061 | 37,899 | ||
The Scotts Miracle-Gro Co. | 183 | 26,784 | ||
The Sherwin-Williams Co. | 315 | 88,115 | ||
Vulcan Materials Co. | 313 | 52,947 | ||
Westlake Chemical Corp. | 529 | 48,213 | ||
1,486,405 | ||||
Real Estate (0.4%): | ||||
CBRE Group, Inc., Class A(a) | 558 | 54,327 | ||
eXp World Holdings, Inc. | 430 | 17,101 | ||
71,428 | ||||
Utilities (8.5%): | ||||
Alliant Energy Corp. | 1,530 | 85,649 | ||
Ameren Corp. | 1,056 | 85,536 | ||
American Electric Power Co., Inc. | 987 | 80,125 | ||
American Water Works Co., Inc. | 514 | 86,887 | ||
Atmos Energy Corp. | 736 | 64,915 | ||
CMS Energy Corp. | 1,422 | 84,936 | ||
Consolidated Edison, Inc. | 1,092 | 79,268 | ||
DTE Energy Co. | 576 | 64,345 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan US Large/Mid Cap Core Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Utilities (8.5%): (continued) | ||||
Entergy Corp. | 715 | 71,007 | ||
Essential Utilities, Inc. | 1,574 | 72,530 | ||
Evergy, Inc. | 1,081 | 67,238 | ||
Eversource Energy | 900 | 73,584 | ||
FirstEnergy Corp. | 1,217 | 43,350 | ||
NextEra Energy, Inc. | 862 | 67,684 | ||
NRG Energy, Inc. | 1,133 | 46,260 | ||
Pinnacle West Capital Corp. | 869 | 62,881 | ||
PPL Corp. | 2,467 | 68,780 | ||
Public Service Enterprise Group, Inc. | 1,171 | 71,314 | ||
The AES Corp. | 1,859 | 42,441 | ||
The Southern Co. | 1,418 | 87,873 | ||
UGI Corp. | 1,421 | 60,563 | ||
Vistra Corp. | 2,229 | 38,116 | ||
WEC Energy Group, Inc. | 898 | 79,204 | ||
Xcel Energy, Inc. | 1,187 | 74,187 | ||
1,658,673 | ||||
Total Common Stocks (Cost $20,403,484) | 19,488,731 | |||
Investment Company (0.3%) | ||||
BlackRock Liquidity Funds T-Fund, Institutional Class, 0.01%(b) | 64,969 | 64,969 | ||
Total Investment Company (Cost $64,969) | 64,969 | |||
Total Investments (Cost $20,468,453) — 100.0% | 19,553,700 | |||
Other assets in excess of liabilities — 0.0% | 4,219 | |||
NET ASSETS - 100.00% | 19,557,919 |
Percentages indicated are based on net assets as of September 30, 2021.
(a) | Non-income producing security. |
(b) | Rate disclosed is the daily yield on September 30, 2021. |
Schedule of Portfolio Investments
September 30, 2021
Timothy Plan High Dividend Stock Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Common Stocks (99.5%) | ||||
Consumer Discretionary (4.3%): | ||||
BorgWarner, Inc. | 2,717 | 117,402 | ||
Garmin Ltd. | 1,498 | 232,879 | ||
Genuine Parts Co. | 1,405 | 170,328 | ||
Service Corp. International | 3,377 | 203,498 | ||
724,107 | ||||
Consumer Staples (8.1%): | ||||
Bunge, Ltd. | 1,982 | 161,176 | ||
Campbell Soup Co. | 3,905 | 163,268 | ||
Conagra Brands, Inc. | 5,772 | 195,498 | ||
Costco Wholesale Corp. | 680 | 305,558 | ||
Hormel Foods Corp. | 4,903 | 201,023 | ||
The JM Smucker Co. | 1,469 | 176,324 | ||
Tyson Foods, Inc., Class A | 2,231 | 176,115 | ||
1,378,962 | ||||
Energy (2.4%): | ||||
Kinder Morgan, Inc. | 8,900 | 148,897 | ||
ONEOK, Inc. | 1,924 | 111,573 | ||
The Williams Cos., Inc. | 5,612 | 145,575 | ||
406,045 | ||||
Financials (16.7%): | ||||
Aflac, Inc. | 3,161 | 164,783 | ||
American Financial Group, Inc. | 1,011 | 127,214 | ||
Apollo Global Management, Inc. | 2,767 | 170,420 | ||
Ares Management Corp., Class A | 3,492 | 257,814 | ||
Arthur J Gallagher & Co. | 1,842 | 273,813 | ||
BlackRock, Inc. | 230 | 192,892 | ||
Cboe Global Markets, Inc. | 1,504 | 186,285 | ||
Cincinnati Financial Corp. | 1,194 | 136,379 | ||
East West Bancorp, Inc. | 1,340 | 103,904 | ||
Erie Indemnity Co., Class A | 849 | 151,479 | ||
Everest Re Group, Ltd. | 625 | 156,738 | ||
First Horizon Corp. | 6,050 | 98,554 | ||
Franklin Resources, Inc. | 3,818 | 113,471 | ||
Invesco Ltd. | 3,982 | 96,006 | ||
Principal Financial Group, Inc. | 1,928 | 124,163 | ||
Reinsurance Group of America, Inc. | 775 | 86,226 | ||
Santander Consumer USA Holdings, Inc. | 4,220 | 175,974 | ||
The Carlyle Group, Inc. | 4,671 | 220,845 | ||
2,836,960 | ||||
Health Care (1.7%): | ||||
Amgen, Inc. | 772 | 164,166 | ||
Cardinal Health, Inc. | 2,465 | 121,919 | ||
286,085 | ||||
Industrials (22.5%): | ||||
A O Smith Corp. | 2,315 | 141,377 | ||
Caterpillar, Inc. | 670 | 128,620 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan High Dividend Stock Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Industrials (22.5%): (continued) | ||||
CH Robinson Worldwide, Inc. | 1,668 | 145,116 | ||
Dover Corp. | 1,502 | 233,561 | ||
Eaton Corp. PLC | 1,258 | 187,832 | ||
Emerson Electric Co. | 1,753 | 165,133 | ||
Fastenal Co. | 3,646 | 188,170 | ||
General Dynamics Corp. | 1,098 | 215,241 | ||
Honeywell International, Inc. | 821 | 174,282 | ||
Hubbell, Inc. | 981 | 177,237 | ||
Illinois Tool Works, Inc. | 977 | 201,877 | ||
Johnson Controls International PLC | 2,924 | 199,066 | ||
PACCAR, Inc. | 1,849 | 145,923 | ||
Republic Services, Inc. | 2,400 | 288,144 | ||
Robert Half International, Inc. | 1,484 | 148,890 | ||
Rockwell Automation, Inc. | 670 | 197,007 | ||
Snap-on, Inc. | 649 | 135,609 | ||
Union Pacific Corp. | 811 | 158,964 | ||
Waste Management, Inc. | 1,835 | 274,076 | ||
Watsco, Inc. | 512 | 135,485 | ||
WW Grainger, Inc. | 486 | 191,027 | ||
3,832,637 | ||||
Information Technology (9.0%): | ||||
Analog Devices, Inc. | 1,009 | 168,987 | ||
Broadcom, Inc. | 306 | 148,389 | ||
Broadridge Financial Solutions, Inc. | 1,326 | 220,965 | ||
Cognex Corp. | 1,665 | 133,566 | ||
NetApp, Inc. | 1,620 | 145,411 | ||
Paychex, Inc. | 2,291 | 257,623 | ||
Seagate Technology Holdings PLC | 1,699 | 140,201 | ||
TE Connectivity Ltd. | 1,352 | 185,521 | ||
The Western Union Co. | 6,325 | 127,892 | ||
1,528,555 | ||||
Materials (11.5%): | ||||
Celanese Corp. | 1,027 | 154,707 | ||
CF Industries Holdings, Inc. | 2,526 | 141,001 | ||
Eastman Chemical Co. | 1,299 | 130,861 | ||
FMC Corp. | 1,555 | 142,376 | ||
International Flavors & Fragrances, Inc. | 978 | 130,778 | ||
International Paper Co. | 2,644 | 147,853 | ||
LyondellBasell Industries NV, Class A | 1,086 | 101,921 | ||
Newmont Corp. | 2,290 | 124,347 | ||
Nucor Corp. | 1,661 | 163,592 | ||
Packaging Corp. of America | 1,251 | 171,937 | ||
Reliance Steel & Aluminum Co. | 1,042 | 148,402 | ||
RPM International, Inc. | 2,413 | 187,369 | ||
Steel Dynamics, Inc. | 2,272 | 132,867 | ||
The Scotts Miracle-Gro Co. | 486 | 71,131 | ||
1,949,142 |
Schedule of Portfolio Investments — continued
September 30, 2021
Timothy Plan High Dividend Stock Enhanced ETF | (Unaudited) | |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||
Utilities (23.3%): | ||||
Alliant Energy Corp. | 4,027 | 225,431 | ||
Ameren Corp. | 2,782 | 225,342 | ||
American Electric Power Co., Inc. | 2,599 | 210,987 | ||
Atmos Energy Corp. | 1,940 | 171,108 | ||
CMS Energy Corp. | 3,748 | 223,868 | ||
Consolidated Edison, Inc. | 2,875 | 208,696 | ||
DTE Energy Co. | 1,517 | 169,464 | ||
Entergy Corp. | 1,880 | 186,703 | ||
Essential Utilities, Inc. | 4,145 | 191,002 | ||
Evergy, Inc. | 2,843 | 176,835 | ||
Eversource Energy | 2,369 | 193,689 | ||
FirstEnergy Corp. | 3,206 | 114,198 | ||
NRG Energy, Inc. | 2,984 | 121,837 | ||
Pinnacle West Capital Corp. | 2,292 | 165,849 | ||
PPL Corp. | 6,496 | 181,108 | ||
Public Service Enterprise Group, Inc. | 3,083 | 187,755 | ||
The AES Corp. | 4,897 | 111,799 | ||
The Southern Co. | 3,732 | 231,272 | ||
UGI Corp. | 3,743 | 159,527 | ||
Vistra Corp. | 5,871 | 100,394 | ||
WEC Energy Group, Inc. | 2,364 | 208,505 | ||
Xcel Energy, Inc. | 3,125 | 195,312 | ||
3,960,681 | ||||
Total Common Stocks (Cost $17,677,274) | 16,903,174 | |||
Investment Company (0.3%) | ||||
BlackRock Liquidity Funds T-Fund, Institutional Class, 0.01%(a) | 47,301 | 47,301 | ||
Total Investment Company (Cost $47,301) | 47,301 | |||
Total Investments (Cost $17,724,575) — 99.8% | 16,950,475 | |||
Other assets in excess of liabilities — 0.2% | 38,147 | |||
NET ASSETS - 100.00% | 16,988,622 |
Percentages indicated are based on net assets as of September 30, 2021.
(a) | Rate disclosed is the daily yield on September 30, 2021. |