TIMOTHY PLAN AGGRESSIVE GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 96.0% | |||||||
AEROSPACE & DEFENSE - 1.0% | |||||||
639 | TransDigm Group, Inc.(a) | $ 342,932 | |||||
APPAREL & TEXTILE PRODUCTS - 7.3% | |||||||
26,304 | Capri Holdings Ltd.(a) | 1,078,727 | |||||
2,579 | Deckers Outdoor Corporation(a) | 658,548 | |||||
29,749 | Tapestry, Inc. | 907,939 | |||||
2,645,214 | |||||||
BIOTECH & PHARMA - 6.1% | |||||||
1,455 | Argenx S.E. - ADR(a) | 551,270 | |||||
10,975 | Horizon Therapeutics plc(a) | 875,366 | |||||
2,137 | Seagen, Inc.(a) | 378,121 | |||||
1,678 | United Therapeutics Corporation(a) | 395,404 | |||||
2,200,161 | |||||||
CHEMICALS - 4.7% | |||||||
7,988 | Albemarle Corporation | 1,669,333 | |||||
CONSTRUCTION MATERIALS - 1.6% | |||||||
1,947 | Martin Marietta Materials, Inc. | 582,620 | |||||
ELECTRICAL EQUIPMENT - 4.0% | |||||||
4,506 | Generac Holdings, Inc.(a) | 948,873 | |||||
3,671 | Trane Technologies PLC | 476,753 | |||||
1,425,626 | |||||||
ENGINEERING & CONSTRUCTION - 2.2% | |||||||
6,411 | Quanta Services, Inc. | 803,555 | |||||
FOOD - 1.7% | |||||||
10,181 | Darling Ingredients, Inc.(a) | 608,824 | |||||
HEALTH CARE FACILITIES & SERVICES - 1.9% | |||||||
6,460 | Catalent, Inc.(a) | 693,093 | |||||
TIMOTHY PLAN AGGRESSIVE GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 96.0% (Continued) | |||||||
INDUSTRIAL SUPPORT SERVICES - 3.7% | |||||||
5,503 | United Rentals, Inc.(a) | $ 1,336,734 | |||||
LEISURE FACILITIES & SERVICES - 1.9% | |||||||
40,303 | Bloomin' Brands, Inc. | 669,836 | |||||
MACHINERY - 6.1% | |||||||
6,510 | Lincoln Electric Holdings, Inc. | 803,074 | |||||
9,435 | Oshkosh Corporation | 774,991 | |||||
2,663 | Parker-Hannifin Corporation | 655,231 | |||||
2,233,296 | |||||||
MEDICAL EQUIPMENT & DEVICES - 9.9% | |||||||
46,042 | Avantor, Inc.(a) | 1,431,907 | |||||
4,244 | DexCom, Inc.(a) | 316,305 | |||||
5,065 | Insulet Corporation(a) | 1,103,866 | |||||
1,774 | STERIS plc | 365,710 | |||||
1,375 | Teleflex, Inc. | 338,044 | |||||
3,555,832 | |||||||
OIL & GAS PRODUCERS - 6.7% | |||||||
7,072 | Cheniere Energy, Inc. | 940,788 | |||||
7,452 | Continental Resources, Inc. | 486,988 | |||||
4,290 | Diamondback Energy, Inc. | 519,734 | |||||
13,055 | EQT Corporation | 449,092 | |||||
2,396,602 | |||||||
RETAIL - CONSUMER STAPLES - 4.6% | |||||||
10,634 | Dollar Tree, Inc.(a) | 1,657,309 | |||||
SEMICONDUCTORS - 11.6% | |||||||
1,932 | KLA Corporation | 616,463 | |||||
28,579 | Marvell Technology, Inc. | 1,244,044 | |||||
4,239 | Monolithic Power Systems, Inc. | 1,627,945 | |||||
3,217 | Skyworks Solutions, Inc. | 298,023 | |||||
4,539 | Teradyne, Inc. | 406,467 | |||||
4,192,942 |
TIMOTHY PLAN AGGRESSIVE GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 96.0% (Continued) | |||||||
SOFTWARE - 15.7% | |||||||
7,315 | Cadence Design Systems, Inc.(a) | $ 1,097,469 | |||||
26,735 | Fortinet, Inc.(a) | 1,512,666 | |||||
498 | HubSpot, Inc.(a) | 149,724 | |||||
2,900 | Palo Alto Networks, Inc.(a) | 1,432,426 | |||||
17,373 | Rapid7, Inc.(a) | 1,160,516 | |||||
11,082 | Varonis Systems, Inc.(a) | 324,924 | |||||
5,677,725 | |||||||
TECHNOLOGY HARDWARE - 3.4% | |||||||
4,649 | Arista Networks, Inc.(a) | 435,797 | |||||
10,886 | Seagate Technology Holdings plc | 777,696 | |||||
1,213,493 | |||||||
TECHNOLOGY SERVICES - 1.9% | |||||||
1,678 | MSCI, Inc. | 691,588 | |||||
TOTAL COMMON STOCKS (Cost $33,374,487) | 34,596,715 | ||||||
SHORT-TERM INVESTMENTS — 4.2% | |||||||
MONEY MARKET FUNDS - 4.2% | |||||||
1,494,184 | Fidelity Government Portfolio, Class I, 1.21% (Cost $1,494,184)(b) | 1,494,184 | |||||
TOTAL INVESTMENTS - 100.2% (Cost $34,868,671) | $ 36,090,899 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)% | (86,783) | ||||||
NET ASSETS - 100.0% | $ 36,004,116 | ||||||
ADR | - American Depositary Receipt |
LTD | - Limited Company |
MSCI | - Morgan Stanley Capital International |
PLC | - Public Limited Company |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN INTERNATIONAL FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 95.3% | |||||||
AEROSPACE & DEFENSE - 1.6% | |||||||
78,000 | Safran S.A. - ADR | $ 1,929,720 | |||||
ASSET MANAGEMENT - 0.1% | |||||||
6,072 | XP, Inc., Class A(a) | 109,053 | |||||
AUTOMOTIVE - 3.0% | |||||||
65,800 | Magna International, Inc. | 3,612,420 | |||||
BANKING - 10.5% | |||||||
42,739 | DBS Group Holdings Ltd. - ADR | 3,652,901 | |||||
99,000 | DNB Bank ASA - ADR | 1,791,900 | |||||
35,200 | HDFC Bank Ltd. - ADR | 1,934,592 | |||||
120,100 | ICICI Bank Ltd. - ADR | 2,130,574 | |||||
287,000 | Itau Unibanco Holding S.A. - ADR | 1,228,360 | |||||
73,600 | KBC Group N.V. - ADR | 2,068,160 | |||||
12,806,487 | |||||||
CHEMICALS - 3.0% | |||||||
75,920 | Air Liquide S.A. - ADR | 2,033,897 | |||||
18,100 | Arkema S.A. - ADR | 1,612,348 | |||||
3,646,245 | |||||||
CONSTRUCTION MATERIALS - 2.4% | |||||||
48,100 | CRH plc - ADR | 1,674,842 | |||||
27,500 | Xinyi Glass Holdings Ltd. - ADR | 1,318,350 | |||||
2,993,192 | |||||||
ELECTRIC UTILITIES - 3.0% | |||||||
342,000 | Enel SpA - ADR | 1,863,900 | |||||
44,200 | Iberdrola S.A. - ADR | 1,828,554 | |||||
3,692,454 | |||||||
ELECTRICAL EQUIPMENT - 2.2% | |||||||
116,400 | Schneider Electric S.E. - ADR | 2,745,876 | |||||
ENGINEERING & CONSTRUCTION - 4.2% | |||||||
79,000 | Cellnex Telecom S.A. - ADR | 1,529,440 |
TIMOTHY PLAN INTERNATIONAL FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 95.3% (Continued) | |||||||
ENGINEERING & CONSTRUCTION - 4.2% (Continued) | |||||||
163,000 | Vinci S.A. - ADR | $ 3,638,160 | |||||
5,167,600 | |||||||
FOOD - 3.0% | |||||||
25,700 | Kerry Group plc - ADR | 2,473,625 | |||||
52,000 | Mowi ASA - ADR | 1,183,572 | |||||
3,657,197 | |||||||
HEALTH CARE FACILITIES & SERVICES - 2.4% | |||||||
13,700 | ICON PLC(a) | 2,968,790 | |||||
HOUSEHOLD PRODUCTS - 1.0% | |||||||
60,000 | Beiersdorf A.G. - ADR | 1,224,000 | |||||
INDUSTRIAL SUPPORT SERVICES - 1.4% | |||||||
10,000 | Ashtead Group plc - ADR | 1,677,100 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 2.4% | |||||||
174,500 | Deutsche Boerse A.G. - ADR | 2,915,895 | |||||
INSURANCE - 7.5% | |||||||
52,600 | Ageas S.A./NV - ADR | 2,314,926 | |||||
64,500 | AIA Group Ltd. - ADR | 2,826,390 | |||||
66,400 | Muenchener Rueckversicherungs-Gesellschaft A.G. in - ADR | 1,559,736 | |||||
113,600 | Sampo OYJ - ADR | 2,470,232 | |||||
9,171,284 | |||||||
INTERNET MEDIA & SERVICES - 1.2% | |||||||
98,000 | Prosus N.V. - ADR | 1,282,820 | |||||
43,600 | Yandex N.V., Class A(a)(b)(c) | 255,496 | |||||
1,538,316 | |||||||
LEISURE PRODUCTS - 1.1% | |||||||
77,000 | Shimano, Inc. - ADR | 1,300,530 | |||||
MACHINERY - 5.7% | |||||||
234,000 | Atlas Copco A.B. - ADR | 1,949,220 | |||||
79,000 | FANUC Corporation - ADR | 1,227,660 |
TIMOTHY PLAN INTERNATIONAL FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 95.3% (Continued) | |||||||
MACHINERY - 5.7% (Continued) | |||||||
71,850 | Techtronic Industries Company Ltd. - ADR | $ 3,761,348 | |||||
6,938,228 | |||||||
MEDICAL EQUIPMENT & DEVICES - 6.5% | |||||||
43,600 | Alcon, Inc. | 3,047,204 | |||||
31,500 | Hoya Corporation - ADR | 2,685,690 | |||||
15,000 | Olympus Corporation - ADR | 301,800 | |||||
59,900 | Smith & Nephew plc - ADR | 1,672,408 | |||||
10,000 | Sysmex Corporation - ADR | 299,500 | |||||
8,006,602 | |||||||
METALS & MINING - 1.5% | |||||||
29,900 | Rio Tinto plc - ADR | 1,823,900 | |||||
OIL & GAS PRODUCERS - 6.2% | |||||||
146,000 | Equinor ASA - ADR | 5,074,960 | |||||
438,000 | Galp Energia SGPS S.A. - ADR | 2,531,640 | |||||
7,606,600 | |||||||
RETAIL - CONSUMER STAPLES - 1.5% | |||||||
97,000 | Seven & i Holdings Company Ltd. - ADR | 1,881,800 | |||||
RETAIL - DISCRETIONARY - 1.4% | |||||||
5,600 | ANTA Sports Products Ltd. - ADR | 1,744,400 | |||||
SEMICONDUCTORS - 5.8% | |||||||
5,850 | ASML Holding N.V. - ADR | 2,783,898 | |||||
14,500 | NXP Semiconductors N.V. | 2,146,435 | |||||
25,900 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 2,117,325 | |||||
7,047,658 | |||||||
SOFTWARE - 3.3% | |||||||
13,300 | Nice Ltd. - ADR(a) | 2,559,585 | |||||
34,640 | Open Text Corporation | 1,310,778 | |||||
6,000 | Shopify, Inc., Class A(a) | 187,440 | |||||
4,057,803 |
TIMOTHY PLAN INTERNATIONAL FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 95.3% (Continued) | |||||||
SPECIALTY FINANCE - 2.5% | |||||||
36,200 | ORIX Corporation - ADR | $ 3,046,592 | |||||
TECHNOLOGY HARDWARE - 1.4% | |||||||
32,638 | FUJIFILM Holdings Corporation - ADR | 1,748,418 | |||||
TECHNOLOGY SERVICES - 3.7% | |||||||
51,000 | Amadeus IT Group S.A. - ADR(a) | 2,836,110 | |||||
89,000 | Infosys Ltd. - ADR | 1,647,390 | |||||
4,483,500 | |||||||
TELECOMMUNICATIONS - 2.3% | |||||||
95,300 | Nippon Telegraph & Telephone Corporation - ADR | 2,741,781 | |||||
TRANSPORTATION & LOGISTICS - 3.5% | |||||||
60,800 | Canadian Pacific Railway Ltd. | 4,246,272 | |||||
TOTAL COMMON STOCKS (Cost $109,659,565) | 116,529,713 | ||||||
SHORT-TERM INVESTMENTS — 4.7% | |||||||
MONEY MARKET FUNDS - 4.7% | |||||||
5,768,550 | Fidelity Government Portfolio, Class I, 1.21% (Cost $5,768,550)(d) | 5,768,550 | |||||
TOTAL INVESTMENTS - 100.0% (Cost $115,428,115) | $ 122,298,263 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0% | 45,124 | ||||||
NET ASSETS - 100.0% | $ 122,343,387 |
ADR | - American Depositary Receipt |
LTD | - Limited Company |
NV | - Naamioze Vennootschap |
OYJ | - Julkinen osakeyhtiö |
PLC | - Public Limited Company |
S/A | - Société Anonyme |
TIMOTHY PLAN INTERNATIONAL FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
June 30, 2022 |
(a) | Non-income producing security. |
(b) | Illiquid security. At June 30, 2022, the illiquid security amounted to $255,496. |
(c) | The value of this security has been determined in good faith under policies approved by the Board of Trustees. |
(d) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
TIMOTHY PLAN INTERNATIONAL FUND | |||||||
JUNE 30, 2022 | |||||||
Diversification of Assets | |||||||
Country | % of Net Assets | ||||||
Japan | 12.4% | ||||||
France | 9.8% | ||||||
Canada | 7.6% | ||||||
Norway | 6.6% | ||||||
Ireland | 5.8% | ||||||
Hong Kong | 5.4% | ||||||
Netherlands | 5.3% | ||||||
Spain | 5.1% | ||||||
India | 4.7% | ||||||
Germany | 4.7% | ||||||
United Kingdom | 4.2% | ||||||
Belgium | 3.6% | ||||||
Singapore | 3.0% | ||||||
Cayman Islands | 2.6% | ||||||
Switzerland | 2.5% | ||||||
Israel | 2.1% | ||||||
Portugal | 2.1% | ||||||
Finland | 2.0% | ||||||
Taiwan Province Of China | 1.7% | ||||||
Sweden | 1.6% | ||||||
Italy | 1.5% | ||||||
Brazil | 1.0% | ||||||
Total | 95.3% | ||||||
Money Market Funds | 4.7% | ||||||
Other Assets Less Liabilities - Net | 0.0% | ||||||
Grand Total | 100.0% | ||||||
TIMOTHY PLAN LARGE/MID CAP GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 77.0% | |||||||
AEROSPACE & DEFENSE - 1.2% | |||||||
2,605 | TransDigm Group, Inc.(a) | $ 1,398,025 | |||||
BANKING - 2.1% | |||||||
5,571 | Signature Bank | 998,379 | |||||
1,736 | SVB Financial Group(a) | 685,703 | |||||
11,617 | Western Alliance Bancorp | 820,160 | |||||
2,504,242 | |||||||
BIOTECH & PHARMA - 5.8% | |||||||
38,462 | Horizon Therapeutics plc(a) | 3,067,730 | |||||
7,086 | Neurocrine Biosciences, Inc.(a) | 690,743 | |||||
3,490 | Vertex Pharmaceuticals, Inc.(a) | 983,447 | |||||
12,696 | Zoetis, Inc. | 2,182,315 | |||||
6,924,235 | |||||||
CABLE & SATELLITE - 1.5% | |||||||
1,361 | Cable One, Inc. | 1,754,765 | |||||
CHEMICALS - 2.9% | |||||||
18,038 | FMC Corporation | 1,930,247 | |||||
5,387 | Linde plc | 1,548,924 | |||||
3,479,171 | |||||||
CONSTRUCTION MATERIALS - 0.9% | |||||||
13,688 | Owens Corning | 1,017,155 | |||||
DIVERSIFIED INDUSTRIALS - 2.2% | |||||||
17,632 | Emerson Electric Company | 1,402,449 | |||||
6,747 | Honeywell International, Inc. | 1,172,696 | |||||
2,575,145 | |||||||
ELECTRIC UTILITIES - 1.5% | |||||||
23,016 | NextEra Energy, Inc. | 1,782,819 | |||||
ELECTRICAL EQUIPMENT - 3.4% | |||||||
28,823 | Amphenol Corporation, Class A | 1,855,626 | |||||
22,046 | Fortive Corporation | 1,198,861 |
TIMOTHY PLAN LARGE/MID CAP GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 77.0% (Continued) | |||||||
ELECTRICAL EQUIPMENT - 3.4% (Continued) | |||||||
8,802 | Trane Technologies PLC | $ 1,143,116 | |||||
4,197,603 | |||||||
HEALTH CARE FACILITIES & SERVICES - 1.5% | |||||||
7,978 | IQVIA Holdings, Inc.(a) | 1,731,146 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 1.2% | |||||||
15,711 | Intercontinental Exchange, Inc. | 1,477,462 | |||||
INSURANCE - 3.7% | |||||||
16,987 | Arthur J Gallagher & Company | 2,769,561 | |||||
61,346 | Equitable Holdings, Inc. | 1,599,290 | |||||
4,368,851 | |||||||
LEISURE FACILITIES & SERVICES - 1.4% | |||||||
1,250 | Chipotle Mexican Grill, Inc.(a) | 1,634,075 | |||||
MACHINERY - 2.0% | |||||||
5,959 | Caterpillar, Inc. | 1,065,231 | |||||
15,489 | Oshkosh Corporation | 1,272,266 | |||||
2,337,497 | |||||||
MEDICAL EQUIPMENT & DEVICES - 5.0% | |||||||
5,393 | Danaher Corporation | 1,367,233 | |||||
17,746 | Edwards Lifesciences Corporation(a) | 1,687,467 | |||||
6,398 | Insulet Corporation(a) | 1,394,380 | |||||
7,646 | Intuitive Surgical, Inc.(a) | 1,534,629 | |||||
5,983,709 | |||||||
OIL & GAS PRODUCERS - 1.4% | |||||||
18,524 | ConocoPhillips | 1,663,640 | |||||
RETAIL - CONSUMER STAPLES - 4.9% | |||||||
6,692 | Costco Wholesale Corporation | 3,207,342 | |||||
10,909 | Dollar General Corporation | 2,677,505 | |||||
5,884,847 | |||||||
RETAIL - DISCRETIONARY - 5.5% | |||||||
8,545 | Burlington Stores, Inc.(a) | 1,164,085 |
TIMOTHY PLAN LARGE/MID CAP GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 77.0% (Continued) | |||||||
RETAIL - DISCRETIONARY - 5.5% (Continued) | |||||||
9,803 | Lowe's Companies, Inc. | $ 1,712,290 | |||||
5,242 | Lululemon Athletica, Inc.(a) | 1,429,022 | |||||
3,627 | O'Reilly Automotive, Inc.(a) | 2,291,394 | |||||
6,596,791 | |||||||
SEMICONDUCTORS - 11.5% | |||||||
35,921 | Advanced Micro Devices, Inc.(a) | 2,746,878 | |||||
7,890 | Analog Devices, Inc. | 1,152,650 | |||||
5,558 | Broadcom, Inc. | 2,700,131 | |||||
3,873 | Lam Research Corporation | 1,650,479 | |||||
3,538 | Monolithic Power Systems, Inc. | 1,358,734 | |||||
17,230 | NVIDIA Corporation | 2,611,896 | |||||
11,107 | NXP Semiconductors N.V. | 1,644,169 | |||||
13,864,937 | |||||||
SOFTWARE - 9.0% | |||||||
3,011 | HubSpot, Inc.(a) | 905,257 | |||||
5,399 | Palo Alto Networks, Inc.(a) | 2,666,782 | |||||
27,805 | Rapid7, Inc.(a) | 1,857,374 | |||||
4,642 | ServiceNow, Inc.(a) | 2,207,364 | |||||
10,085 | Synopsys, Inc.(a) | 3,062,815 | |||||
10,699,592 | |||||||
TECHNOLOGY HARDWARE - 3.2% | |||||||
30,306 | Seagate Technology Holdings plc | 2,165,060 | |||||
36,596 | Western Digital Corporation(a) | 1,640,599 | |||||
3,805,659 | |||||||
TECHNOLOGY SERVICES - 2.9% | |||||||
21,741 | CDW Corporation/DE | 3,425,512 | |||||
TRANSPORTATION & LOGISTICS - 1.4% | |||||||
23,317 | Canadian Pacific Railway Ltd. | 1,628,459 | |||||
TRANSPORTATION EQUIPMENT - 0.9% | |||||||
13,031 | PACCAR, Inc. | 1,072,973 | |||||
TIMOTHY PLAN LARGE/MID CAP GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 77.0% (Continued) | |||||||
TOTAL COMMON STOCKS (Cost $75,302,791) | $ 91,808,310 | ||||||
EXCHANGE-TRADED FUNDS — 19.7% | |||||||
EQUITY - 19.7% | |||||||
647,000 | Timothy Plan US Large/Mid Cap Core Enhanced ETF(b) | 15,195,248 | |||||
265,000 | Timothy Plan US Large/Mid Cap Core ETF(b) | 8,288,458 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $23,553,050) | 23,483,706 | ||||||
SHORT-TERM INVESTMENTS — 1.8% | |||||||
MONEY MARKET FUNDS - 1.8% | |||||||
2,088,595 | Fidelity Government Portfolio, Class I, 1.21% (Cost $2,088,595)(c) | 2,088,595 | |||||
TOTAL INVESTMENTS - 98.5% (Cost $100,944,436) | $ 117,380,611 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.5% | 1,846,121 | ||||||
NET ASSETS - 100.0% | $ 119,226,732 | ||||||
ETF | - Exchange-Traded Fund |
LTD | - Limited Company |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
(a) | Non-income producing security. |
(b) | Affiliated Company. |
(c) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN SMALL CAP VALUE FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 87.5% | |||||||
AEROSPACE & DEFENSE - 1.9% | |||||||
34,515 | Moog, Inc., Class A | $ 2,740,146 | |||||
AUTOMOTIVE - 0.9% | |||||||
36,330 | Methode Electronics, Inc. | 1,345,663 | |||||
BANKING - 14.2% | |||||||
59,795 | Atlantic Union Bankshares Corporation | 2,028,246 | |||||
18,205 | City Holding Company | 1,454,215 | |||||
92,438 | Columbia Banking System, Inc. | 2,648,349 | |||||
62,071 | Provident Financial Services, Inc. | 1,381,700 | |||||
86,062 | Renasant Corporation | 2,479,446 | |||||
64,396 | Sandy Spring Bancorp, Inc. | 2,515,952 | |||||
81,214 | Seacoast Banking Corp of Florida | 2,683,310 | |||||
22,000 | Simmons First National Corporation, Class A | 467,720 | |||||
40,912 | Triumph Bancorp, Inc.(a) | 2,559,455 | |||||
79,430 | Veritex Holdings, Inc. | 2,324,122 | |||||
20,542,515 | |||||||
CHEMICALS - 4.4% | |||||||
26,056 | Avient Corporation | 1,044,324 | |||||
141,015 | Ecovyst, Inc. | 1,388,998 | |||||
13,026 | Innospec, Inc. | 1,247,761 | |||||
24,849 | Stepan Company | 2,518,446 | |||||
6,199,529 | |||||||
ELECTRIC UTILITIES - 3.7% | |||||||
61,928 | Avista Corporation | 2,694,488 | |||||
45,625 | NorthWestern Corporation | 2,688,681 | |||||
5,383,169 | |||||||
ENGINEERING & CONSTRUCTION - 1.8% | |||||||
31,308 | Comfort Systems USA, Inc. | 2,603,260 | |||||
FOOD - 3.7% | |||||||
125,554 | Hostess Brands, Inc.(a) | 2,663,000 | |||||
18,619 | J & J Snack Foods Corporation | 2,600,330 | |||||
5,263,330 |
TIMOTHY PLAN SMALL CAP VALUE FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 87.5% (Continued) | |||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.9% | |||||||
19,451 | UFP Industries, Inc. | $ 1,325,391 | |||||
HEALTH CARE FACILITIES & SERVICES - 1.8% | |||||||
86,063 | Patterson Companies, Inc. | 2,607,709 | |||||
HOME CONSTRUCTION - 3.5% | |||||||
51,296 | Century Communities, Inc. | 2,306,781 | |||||
34,574 | Masonite International Corporation(a) | 2,656,321 | |||||
4,963,102 | |||||||
HOUSEHOLD PRODUCTS - 2.0% | |||||||
72,437 | Central Garden & Pet Company, Class A(a) | 2,898,204 | |||||
INDUSTRIAL INTERMEDIATE PROD - 0.9% | |||||||
32,788 | AZZ, Inc. | 1,338,406 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 3.2% | |||||||
58,738 | Moelis & Company, Class A | 2,311,340 | |||||
20,523 | Piper Sandler Cos | 2,326,488 | |||||
4,637,828 | |||||||
INSURANCE - 1.9% | |||||||
28,380 | AMERISAFE, Inc. | 1,476,044 | |||||
32,868 | Argo Group International Holdings Ltd. | 1,211,514 | |||||
2,687,558 | |||||||
LEISURE FACILITIES & SERVICES - 3.5% | |||||||
56,998 | Chuy's Holdings, Inc.(a) | 1,135,400 | |||||
23,024 | Jack in the Box, Inc. | 1,290,725 | |||||
30,681 | Papa John's International, Inc. | 2,562,478 | |||||
4,988,603 | |||||||
MACHINERY - 7.5% | |||||||
11,227 | Alamo Group, Inc. | 1,307,160 | |||||
16,728 | Albany International Corporation, Class A | 1,317,999 | |||||
75,841 | Altra Industrial Motion Corporation | 2,673,395 | |||||
35,673 | Astec Industries, Inc. | 1,454,745 | |||||
40,613 | Columbus McKinnon Corporation | 1,152,191 |
TIMOTHY PLAN SMALL CAP VALUE FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 87.5% (Continued) | |||||||
MACHINERY - 7.5% (Continued) | |||||||
79,070 | Federal Signal Corporation | $ 2,814,891 | |||||
10,720,381 | |||||||
MEDICAL EQUIPMENT & DEVICES - 4.6% | |||||||
54,478 | Avanos Medical, Inc.(a) | 1,489,429 | |||||
25,980 | CONMED Corporation | 2,487,845 | |||||
47,274 | Merit Medical Systems, Inc.(a) | 2,565,559 | |||||
6,542,833 | |||||||
METALS & MINING - 1.7% | |||||||
11,449 | Encore Wire Corporation | 1,189,780 | |||||
56,733 | Livent Corporation(a) | 1,287,272 | |||||
2,477,052 | |||||||
OFFICE REIT - 1.8% | |||||||
95,243 | Corporate Office Properties Trust | 2,494,414 | |||||
OIL & GAS PRODUCERS - 4.8% | |||||||
94,155 | Brigham Minerals, Inc., Class A | 2,319,038 | |||||
86,538 | Northern Oil and Gas, Inc. | 2,185,950 | |||||
35,802 | Whiting Petroleum Corporation | 2,435,610 | |||||
6,940,598 | |||||||
REAL ESTATE INVESTMENT TRUSTS - 6.3% | |||||||
57,012 | Community Healthcare Trust, Inc. | 2,064,405 | |||||
141,935 | Plymouth Industrial REIT, Inc. | 2,489,540 | |||||
30,068 | PotlatchDeltic Corporation | 1,328,705 | |||||
163,351 | Summit Hotel Properties, Inc.(a) | 1,187,562 | |||||
141,054 | Urban Edge Properties | 2,145,431 | |||||
9,215,643 | |||||||
REAL ESTATE OWNERS & DEVELOPERS - 1.8% | |||||||
167,213 | Radius Global Infrastructure, Inc., Class A(a) | 2,551,670 | |||||
RETAIL - DISCRETIONARY - 2.6% | |||||||
32,878 | Academy Sports & Outdoors, Inc. | 1,168,484 | |||||
61,059 | Monro, Inc. | 2,618,210 | |||||
3,786,694 |
TIMOTHY PLAN SMALL CAP VALUE FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 87.5% (Continued) | |||||||
RETAIL REIT - 1.9% | |||||||
99,839 | Four Corners Property Trust, Inc. | $ 2,654,719 | |||||
SEMICONDUCTORS - 1.8% | |||||||
120,353 | Rambus, Inc.(a) | 2,586,386 | |||||
TECHNOLOGY HARDWARE - 2.7% | |||||||
80,957 | ADTRAN, Inc. | 1,419,176 | |||||
184,828 | Viavi Solutions, Inc.(a) | 2,445,275 | |||||
3,864,451 | |||||||
TECHNOLOGY SERVICES - 1.7% | |||||||
189,127 | Repay Holdings Corporation(a) | 2,430,282 | |||||
TOTAL COMMON STOCKS (Cost $136,375,653) | 125,789,536 | ||||||
EXCHANGE-TRADED FUNDS — 11.7% | |||||||
EQUITY - 11.7% | |||||||
580,000 | Timothy Plan US Small Cap Core ETF(b) (Cost $14,834,080) | 16,748,312 | |||||
SHORT-TERM INVESTMENTS — 1.0% | |||||||
MONEY MARKET FUNDS - 1.0% | |||||||
1,420,674 | Fidelity Government Portfolio, Class I, 1.21% (Cost $1,420,674)(c) | 1,420,674 | |||||
TOTAL INVESTMENTS - 100.2% (Cost $152,630,407) | $ 143,958,522 | ||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2)% | (279,748) | ||||||
NET ASSETS - 100.0% | $ 143,678,774 | ||||||
ETF | - Exchange-Traded Fund |
LTD | - Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |
(b) | Affiliated Company. |
(c) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN LARGE/MID CAP VALUE FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
COMMON STOCKS — 72.4% | ||||||||||||
AEROSPACE & DEFENSE - 1.9% | ||||||||||||
20,381 | General Dynamics Corporation | $ 4,509,296 | ||||||||||
BANKING - 3.2% | ||||||||||||
50,836 | BOK Financial Corporation | 3,842,185 | ||||||||||
55,898 | Western Alliance Bancorp | 3,946,399 | ||||||||||
7,788,584 | ||||||||||||
CABLE & SATELLITE - 1.3% | ||||||||||||
2,382 | Cable One, Inc. | 3,071,160 | ||||||||||
CHEMICALS - 3.6% | ||||||||||||
152,481 | Huntsman Corporation | 4,322,836 | ||||||||||
19,503 | Sherwin-Williams Company (The) | 4,366,917 | ||||||||||
8,689,753 | ||||||||||||
DIVERSIFIED INDUSTRIALS - 3.9% | ||||||||||||
34,304 | Eaton Corp plc | 4,321,961 | ||||||||||
28,187 | Honeywell International, Inc. | 4,899,183 | ||||||||||
9,221,144 | ||||||||||||
ELECTRIC UTILITIES - 4.2% | ||||||||||||
80,613 | CMS Energy Corporation | 5,441,377 | ||||||||||
45,990 | WEC Energy Group, Inc. | 4,628,434 | ||||||||||
10,069,811 | ||||||||||||
FOOD - 4.3% | ||||||||||||
38,411 | J M Smucker Company (The) | 4,916,992 | ||||||||||
65,484 | McCormick & Company, Inc. | 5,451,543 | ||||||||||
10,368,535 | ||||||||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.7% | ||||||||||||
42,372 | Intercontinental Exchange, Inc. | 3,984,663 | ||||||||||
INSURANCE - 2.1% | ||||||||||||
30,074 | Arthur J Gallagher & Company | 4,903,265 | ||||||||||
MEDICAL EQUIPMENT & DEVICES - 6.8% | ||||||||||||
18,340 | Danaher Corporation | 4,649,557 | ||||||||||
29,493 | PerkinElmer, Inc. | 4,194,494 | ||||||||||
TIMOTHY PLAN LARGE/MID CAP VALUE FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
COMMON STOCKS — 72.4% (Continued) | |||||||||||
MEDICAL EQUIPMENT & DEVICES - 6.8% (Continued) | |||||||||||
21,538 | STERIS plc | $ 4,440,059 | |||||||||
26,921 | Zimmer Biomet Holdings, Inc. | 2,828,320 | |||||||||
16,112,430 | |||||||||||
OIL & GAS PRODUCERS - 5.2% | |||||||||||
44,945 | ConocoPhillips | 4,036,510 | |||||||||
38,044 | EOG Resources, Inc. | 4,201,579 | |||||||||
38,145 | Valero Energy Corporation | 4,054,051 | |||||||||
12,292,140 | |||||||||||
REAL ESTATE INVESTMENT TRUSTS - 4.2% | |||||||||||
32,109 | Crown Castle International Corporation | 5,406,513 | |||||||||
38,323 | Prologis, Inc. | 4,508,701 | |||||||||
9,915,214 | |||||||||||
RETAIL - CONSUMER STAPLES - 4.0% | |||||||||||
10,630 | Costco Wholesale Corporation | 5,094,747 | |||||||||
18,062 | Dollar General Corporation | 4,433,137 | |||||||||
9,527,884 | |||||||||||
RETAIL - DISCRETIONARY - 4.2% | |||||||||||
8,006 | O'Reilly Automotive, Inc.(a) | 5,057,871 | |||||||||
25,417 | Tractor Supply Company | 4,927,085 | |||||||||
9,984,956 | |||||||||||
SEMICONDUCTORS - 11.7% | |||||||||||
6,528 | ASML Holding N.V. | 3,106,545 | |||||||||
8,481 | Broadcom, Inc. | 4,120,155 | |||||||||
93,501 | Lattice Semiconductor Corporation(a) | 4,534,799 | |||||||||
73,054 | Microchip Technology, Inc. | 4,242,976 | |||||||||
10,949 | Monolithic Power Systems, Inc. | 4,204,854 | |||||||||
26,328 | NVIDIA Corporation | 3,991,062 | |||||||||
44,872 | Teradyne, Inc. | 4,018,288 | |||||||||
28,218,679 | |||||||||||
SOFTWARE - 5.8% | |||||||||||
35,281 | Cadence Design Systems, Inc.(a) | 5,293,208 | |||||||||
16,143 | Synopsys, Inc.(a) | 4,902,629 | |||||||||
11,035 | Tyler Technologies, Inc.(a) | 3,668,917 | |||||||||
13,864,754 | |||||||||||
TIMOTHY PLAN LARGE/MID CAP VALUE FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
COMMON STOCKS — 72.4% (Continued) | ||||||||||||
TECHNOLOGY SERVICES - 2.3% | ||||||||||||
19,382 | CACI International, Inc., Class A(a) | $ 5,461,460 | ||||||||||
TRANSPORTATION & LOGISTICS - 2.0% | ||||||||||||
22,487 | Union Pacific Corporation | 4,796,027 | ||||||||||
TOTAL COMMON STOCKS (Cost $144,104,626) | 172,779,755 | |||||||||||
EXCHANGE-TRADED FUNDS — 23.9% | ||||||||||||
EQUITY - 23.9% | ||||||||||||
573,000 | Timothy Plan High Dividend Stock Enhanced ETF(b) | 14,065,431 | ||||||||||
442,500 | Timothy Plan High Dividend Stock ETF(b) | 13,102,691 | ||||||||||
687,000 | Timothy Plan US Large/Mid Cap Core Enhanced ETF(b) | 16,134,675 | ||||||||||
435,000 | Timothy Plan US Large/Mid Cap Core ETF(b) | 13,605,582 | ||||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $54,728,199) | 56,908,379 | |||||||||||
SHORT-TERM INVESTMENTS — 3.8% | ||||||||||||
MONEY MARKET FUNDS - 3.8% | ||||||||||||
9,028,705 | Fidelity Government Portfolio, Class I, 1.21% (Cost $9,028,705)(c) | 9,028,705 | ||||||||||
TOTAL INVESTMENTS - 100.1% (Cost $207,861,530) | $ 238,716,839 | |||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)% | (202,959) | |||||||||||
NET ASSETS - 100.0% | $ 238,513,880 |
ETF | - Exchange-Traded Fund |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
(a) | Non-income producing security. |
(b) | Affiliated Company. |
(c) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN FIXED INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
CORPORATE BONDS — 22.6% | |||||||
CHEMICALS — 2.4% | |||||||
1,212,000 | LYB International Finance BV | 4.0000 | 07/15/23 | $ 1,211,697 | |||
1,570,000 | Nutrien Ltd. | 4.0000 | 12/15/26 | 1,559,294 | |||
2,770,991 | |||||||
ELECTRIC UTILITIES — 3.8% | |||||||
2,205,000 | American Electric Power Company, Inc. | 3.2000 | 11/13/27 | 2,087,516 | |||
842,844 | John Sevier Combined Cycle Generation, LLC | 4.6260 | 01/15/42 | 859,894 | |||
855,000 | National Rural Utilities Cooperative Finance Corporation | 2.9500 | 02/07/24 | 847,230 | |||
442,000 | WEC Energy Group, Inc. | 3.5500 | 06/15/25 | 435,143 | |||
4,229,783 | |||||||
GAS & WATER UTILITIES — 1.8% | |||||||
2,185,000 | NiSource, Inc. | 3.4900 | 05/15/27 | 2,096,181 | |||
INSTITUTIONAL FINANCIAL SERVICES — 0.8% | |||||||
1,000,000 | Cboe Global Markets, Inc. | 3.6500 | 01/12/27 | 974,744 | |||
MACHINERY — 0.7% | |||||||
750,000 | Eaton Corporation | 2.7500 | 11/02/22 | 749,821 | |||
OIL & GAS PRODUCERS — 6.2% | |||||||
1,580,000 | Columbia Pipeline Group, Inc. | 4.5000 | 06/01/25 | 1,595,821 | |||
3,150,000 | Energy Transfer Operating, L.P. | 5.2500 | 04/15/29 | 3,129,984 | |||
2,240,000 | Phillips 66 Company(a) | 3.6050 | 02/15/25 | 2,217,773 | |||
6,943,578 | |||||||
REAL ESTATE INVESTMENT TRUSTS — 3.0% | |||||||
1,520,000 | Digital Realty Trust, L.P. | 3.7000 | 08/15/27 | 1,451,508 | |||
2,200,000 | Healthpeak Properties, Inc. | 3.5000 | 07/15/29 | 2,034,452 | |||
3,485,960 | |||||||
RETAIL - CONSUMER STAPLES — 1.3% | |||||||
1,575,000 | Dollar General Corporation | 4.1250 | 05/01/28 | 1,541,237 | |||
TRANSPORTATION & LOGISTICS — 2.6% | |||||||
1,000,000 | Canadian Pacific Railway Company | 2.9000 | 02/01/25 | 972,806 | |||
TIMOTHY PLAN FIXED INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
CORPORATE BONDS — 22.6% (Continued) | |||||||
TRANSPORTATION & LOGISTICS — 2.6% (Continued) | |||||||
2,190,000 | CSX Corporation | 3.2500 | 06/01/27 | $ 2,106,450 | |||
3,079,256 | |||||||
TOTAL CORPORATE BONDS (Cost $27,429,313) | 25,871,551 | ||||||
NON U.S. GOVERNMENT & AGENCIES — 1.9% | |||||||
LOCAL AUTHORITY — 1.9% | |||||||
2,235,000 | Province of Ontario Canada (Cost $2,317,165) | 2.5000 | 04/27/26 | 2,173,545 | |||
U.S. GOVERNMENT & AGENCIES — 27.6% | |||||||
AGENCY FIXED RATE — 27.6% | |||||||
1,461,090 | Fannie Mae Pool FM5537 | 2.0000 | 01/01/36 | 1,368,163 | |||
1,118,980 | Fannie Mae Pool MA4316 | 2.5000 | 04/01/36 | 1,074,514 | |||
1,224,980 | Fannie Mae Pool MA4329 | 2.0000 | 05/01/36 | 1,147,113 | |||
1,580,684 | Fannie Mae Pool MA4333 | 2.0000 | 05/01/41 | 1,417,020 | |||
765,763 | Fannie Mae Pool MA4366 | 2.5000 | 06/01/41 | 706,452 | |||
460,508 | Fannie Mae Pool MA4475 | 2.5000 | 10/01/41 | 424,822 | |||
1,298,160 | Fannie Mae Pool MA4617 | 3.0000 | 04/01/42 | 1,232,368 | |||
1,130,712 | Fannie Mae Pool FM4053 | 2.5000 | 08/01/50 | 1,025,844 | |||
1,427,613 | Fannie Mae Pool CA8897 | 3.0000 | 02/01/51 | 1,343,459 | |||
954,107 | Fannie Mae Pool MA4258 | 3.5000 | 02/01/51 | 925,288 | |||
487,770 | Fannie Mae Pool FM6550 | 2.0000 | 03/01/51 | 426,944 | |||
914,028 | Fannie Mae Pool CB0855 | 3.0000 | 06/01/51 | 854,138 | |||
571,173 | Fannie Mae Pool FS1807 | 3.5000 | 07/01/51 | 555,634 | |||
558,962 | Fannie Mae Pool FS1704 | 4.0000 | 05/01/52 | 557,704 | |||
66,577 | Ginnie Mae I Pool 723248 | 5.0000 | 10/15/39 | 70,457 | |||
275,633 | Ginnie Mae I Pool 783060 | 4.0000 | 08/15/40 | 278,170 | |||
156,799 | Ginnie Mae I Pool 783403 | 3.5000 | 09/15/41 | 156,601 | |||
121,085 | Ginnie Mae II Pool 4520 | 5.0000 | 08/20/39 | 128,893 | |||
160,047 | Ginnie Mae II Pool 4947 | 5.0000 | 02/20/41 | 168,605 | |||
287,385 | Ginnie Mae II Pool MA3376 | 3.5000 | 01/20/46 | 284,421 |
TIMOTHY PLAN FIXED INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
U.S. GOVERNMENT & AGENCIES — 27.6% (Continued) | |||||||
AGENCY FIXED RATE — 27.6% (Continued) | |||||||
183,908 | Ginnie Mae II Pool MA3596 | 3.0000 | 04/20/46 | $ 176,753 | |||
495,341 | Ginnie Mae II Pool MA3663 | 3.5000 | 05/20/46 | 489,226 | |||
177,647 | Ginnie Mae II Pool MA3736 | 3.5000 | 06/20/46 | 175,311 | |||
303,091 | Ginnie Mae II Pool MA4004 | 3.5000 | 10/20/46 | 299,903 | |||
204,525 | Ginnie Mae II Pool MA4509 | 3.0000 | 06/20/47 | 196,423 | |||
247,498 | Ginnie Mae II Pool MA4652 | 3.5000 | 08/20/47 | 244,006 | |||
305,820 | Ginnie Mae II Pool MA4719 | 3.5000 | 09/20/47 | 302,734 | |||
313,960 | Ginnie Mae II Pool MA4778 | 3.5000 | 10/20/47 | 309,352 | |||
247,950 | Ginnie Mae II Pool MA4901 | 4.0000 | 12/20/47 | 250,246 | |||
215,572 | Ginnie Mae II Pool MA4963 | 4.0000 | 01/20/48 | 217,036 | |||
209,138 | Ginnie Mae II Pool MA6092 | 4.5000 | 08/20/49 | 213,150 | |||
232,822 | Ginnie Mae II Pool MA6156 | 4.5000 | 09/20/49 | 237,339 | |||
711,576 | Ginnie Mae II Pool BN2662 | 3.0000 | 10/20/49 | 673,743 | |||
207,706 | Ginnie Mae II Pool MA6221 | 4.5000 | 10/20/49 | 211,691 | |||
208,329 | Ginnie Mae II Pool MA6477 | 4.5000 | 02/20/50 | 213,484 | |||
351,621 | Ginnie Mae II Pool MA6478 | 5.0000 | 02/20/50 | 364,867 | |||
338,832 | Ginnie Mae II Pool MA6544 | 4.5000 | 03/20/50 | 345,550 | |||
244,306 | Ginnie Mae II Pool MA6545 | 5.0000 | 03/20/50 | 253,291 | |||
334,788 | Ginnie Mae II Pool MA6600 | 3.5000 | 04/20/50 | 328,024 | |||
283,349 | Ginnie Mae II Pool MA6601 | 4.0000 | 04/20/50 | 284,980 | |||
262,501 | Ginnie Mae II Pool MA6603 | 5.0000 | 04/20/50 | 271,673 | |||
1,132,790 | Ginnie Mae II Pool MA7255 | 2.5000 | 03/20/51 | 1,043,088 | |||
826,402 | Ginnie Mae II Pool MA7418 | 2.5000 | 06/20/51 | 760,999 | |||
1,409,289 | Ginnie Mae II Pool MA7419 | 3.0000 | 06/20/51 | 1,334,880 | |||
1,243,226 | Ginnie Mae II Pool MA7472 | 2.5000 | 07/20/51 | 1,144,766 | |||
1,424,941 | Ginnie Mae II Pool CE1974 | 3.0000 | 08/20/51 | 1,363,099 | |||
1,188,807 | Ginnie Mae II Pool CE1990 | 2.5000 | 09/20/51 | 1,092,626 | |||
1,444,510 | Ginnie Mae II Pool MA7705 | 2.5000 | 11/20/51 | 1,329,974 | |||
1,168,857 | Ginnie Mae II Pool MA7768 | 3.0000 | 12/20/51 | 1,105,125 | |||
1,170,447 | Ginnie Mae II Pool MA7829 | 3.5000 | 01/20/52 | 1,141,230 | |||
1,152,838 | Ginnie Mae II Pool MA7939 | 4.0000 | 03/20/52 | 1,151,500 | |||
TOTAL U.S. GOVERNMENT & AGENCIES (Cost $34,541,826) | 31,672,679 |
TIMOTHY PLAN FIXED INCOME FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
SHORT-TERM INVESTMENTS — 47.4% | |||||||
MONEY MARKET FUNDS - 1.6% | |||||||
1,869,232 | Fidelity Government Portfolio, Class I, 1.21% (Cost $1,869,232)(b) | $ 1,869,232 | |||||
Principal Amount ($) | Coupon Rate (%) | Maturity | |||||
U.S. TREASURY BILLS — 33.6% | |||||||
8,700,000 | United States Treasury Note | 0.6250 | 07/31/26 | 7,901,707 | |||
10,930,000 | United States Treasury Note | 1.2500 | 09/30/28 | 9,809,248 | |||
12,835,000 | United States Treasury Note | 1.2500 | 08/15/31 | 11,081,720 | |||
9,240,000 | United States Treasury Note | 1.7500 | 08/15/41 | 7,074,014 | |||
3,420,000 | United States Treasury Note | 2.0000 | 08/15/51 | 2,667,867 | |||
38,534,556 | |||||||
U.S. TREASURY NOTES — 12.2% | |||||||
6,465,000 | United States Treasury Note | 2.2500 | 11/15/24 | 6,361,206 | |||
7,885,000 | United States Treasury Note | 2.0000 | 08/15/25 | 7,649,990 | |||
14,011,196 | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $60,076,461) | 54,414,984 | ||||||
TOTAL INVESTMENTS - 99.5% (Cost $124,364,765) | $ 114,132,759 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.5% | 589,558 | ||||||
NET ASSETS - 100.0% | $ 114,722,317 | ||||||
LLC | - Limited Liability Company |
LP | - Limited Partnership |
LTD | - Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of June 30, 2022 the total market value of 144A securities is 2,217,773 or 1.9% of net assets. |
(b) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
PREFERRED STOCKS — 0.4% | |||||||
BANKING — 0.4% | |||||||
20,000 | PacWest Bancorp(a)(b), 7.75% | $ 511,400 | |||||
INDUSTRIAL SUPPORT SERVICES — 0.0%(c) | |||||||
219 | WESCO International, Inc. - Series A(b), 10.625% | 6,005 | |||||
TOTAL PREFERRED STOCKS (Cost $505,795) | 517,405 | ||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | |||||
CORPORATE BONDS — 97.2% | |||||||
ASSET MANAGEMENT — 1.6% | |||||||
250,000 | Icahn Enterprises, L.P. / Icahn Enterprises | 4.7500 | 09/15/24 | 233,972 | |||
1,000,000 | Icahn Enterprises, L.P. / Icahn Enterprises | 6.2500 | 05/15/26 | 932,030 | |||
1,000,000 | Icahn Enterprises, L.P. / Icahn Enterprises B | 4.3750 | 02/01/29 | 805,851 | |||
1,971,853 | |||||||
AUTOMOTIVE — 3.5% | |||||||
2,000,000 | Adient Global Holdings Ltd.(c) | 4.8750 | 08/15/26 | 1,758,230 | |||
522,000 | Clarios Global, L.P. / Clarios US Finance Company(c) | 6.2500 | 05/15/26 | 503,250 | |||
1,000,000 | Clarios Global, L.P. / Clarios US Finance Company(c) | 8.5000 | 05/15/27 | 968,550 | |||
1,500,000 | Goodyear Tire & Rubber Company (The) | 5.6250 | 04/30/33 | 1,203,660 | |||
4,433,690 | |||||||
BIOTECH & PHARMA — 3.4% | |||||||
750,000 | Bausch Health Companies, Inc.(c) | 6.1250 | 02/01/27 | 638,846 | |||
250,000 | Bausch Health Companies, Inc.(c) | 5.0000 | 01/30/28 | 133,828 | |||
750,000 | Bausch Health Companies, Inc.(c) | 4.8750 | 06/01/28 | 585,173 | |||
125,000 | Bausch Health Companies, Inc.(c) | 5.0000 | 02/15/29 | 65,015 | |||
1,500,000 | Bausch Health Companies, Inc.(c) | 5.2500 | 01/30/30 | 778,771 | |||
50,000 | Bausch Health Companies, Inc.(c) | 5.2500 | 02/15/31 | 25,791 | |||
2,500,000 | Emergent BioSolutions, Inc.(c) | 3.8750 | 08/15/28 | 1,775,642 | |||
250,000 | Jazz Securities DAC(c) | 4.3750 | 01/15/29 | 222,269 | |||
4,225,335 | |||||||
CHEMICALS — 7.0% | |||||||
1,000,000 | Axalta Coating Systems LLC(c) | 3.3750 | 02/15/29 | 817,620 |
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
CORPORATE BONDS — 97.2% (Continued) | |||||||
CHEMICALS — 7.0% (Continued) | |||||||
3,000,000 | Chemours Company (The)(c) | 4.6250 | 11/15/29 | $ 2,364,720 | |||
1,500,000 | Diamond BC BV(c) | 4.6250 | 10/01/29 | 1,201,628 | |||
1,500,000 | Koppers, Inc.(c) | 6.0000 | 02/15/25 | 1,395,315 | |||
1,000,000 | Olin Corporation | 5.6250 | 08/01/29 | 892,770 | |||
2,000,000 | Polar US Borrower, LLC / Schenectady International(c) | 6.7500 | 05/15/26 | 1,400,140 | |||
1,000,000 | WR Grace Holdings, LLC(c) | 5.6250 | 08/15/29 | 738,750 | |||
8,810,943 | |||||||
COMMERCIAL SUPPORT SERVICES — 7.7% | |||||||
2,125,000 | Allied Universal Holdco, LLC / Allied Universal(c) | 4.6250 | 06/01/28 | 1,763,783 | |||
125,000 | Atlas LuxCompany 4 S.A.RL / Allied Universal(c) | 4.6250 | 06/01/28 | 102,069 | |||
2,000,000 | Covanta Holding Corporation | 5.0000 | 09/01/30 | 1,636,950 | |||
1,125,000 | Covert Mergeco, Inc.(c) | 4.8750 | 12/01/29 | 917,730 | |||
2,550,000 | GFL Environmental Inc(c) | 4.0000 | 08/01/28 | 2,107,753 | |||
50,000 | GFL Environmental, Inc.(c) | 4.7500 | 06/15/29 | 41,453 | |||
250,000 | GFL Environmental, Inc.(c) | 4.3750 | 08/15/29 | 201,599 | |||
755,000 | Harsco Corporation(c) | 5.7500 | 07/31/27 | 605,095 | |||
500,000 | Sotheby's/Bidfair Holdings, Inc.(c) | 5.8750 | 06/01/29 | 429,970 | |||
2,200,000 | Waste Pro USA, Inc.(c) | 5.5000 | 02/15/26 | 1,957,241 | |||
9,763,643 | |||||||
CONSTRUCTION MATERIALS — 0.2% | |||||||
250,000 | Cemex S.A.B. de C.V.(c) | 3.8750 | 07/11/31 | 191,791 | |||
CONSUMER SERVICES — 2.1% | |||||||
2,000,000 | PROG Holdings, Inc.(c) | 6.0000 | 11/15/29 | 1,514,930 | |||
1,500,000 | Rent-A-Center, Inc.(c) | 6.3750 | 02/15/29 | 1,171,935 | |||
2,686,865 | |||||||
CONTAINERS & PACKAGING — 6.4% | |||||||
625,000 | Ardagh Metal Packaging Finance USA, LLC / Ardagh(c) | 6.0000 | 06/15/27 | 618,297 | |||
500,000 | Ardagh Metal Packaging Finance USA, LLC / Ardagh(c) | 4.0000 | 09/01/29 | 400,985 | |||
1,750,000 | Canpack S.A. / Canpack US, LLC(c) | 3.8750 | 11/15/29 | 1,367,887 | |||
1,000,000 | Graham Packaging Company, Inc.(c) | 7.1250 | 08/15/28 | 803,875 | |||
750,000 | Graphic Packaging International, LLC(c) | 3.7500 | 02/01/30 | 636,568 | |||
1,250,000 | LABL, Inc.(c) | 5.8750 | 11/01/28 | 1,011,620 | |||
750,000 | LABL, Inc.(c) | 8.2500 | 11/01/29 | 567,656 |
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 97.2% (Continued) | |||||||
CONTAINERS & PACKAGING — 6.4% (Continued) | |||||||
1,750,000 | Pactiv Evergreen Group Issuer, LLC(c) | 4.3750 | 10/15/28 | $ 1,490,046 | |||
1,250,000 | TriMas Corporation(c) | 4.1250 | 04/15/29 | 1,069,481 | |||
7,966,415 | |||||||
ELECTRIC UTILITIES — 0.8% | |||||||
1,000,000 | Vistra Corporation(c),(d) | H15T5Y + 5.740% | 7.0000 | 06/15/70 | 909,495 | ||
250,000 | Vistra Operations Company, LLC(c) | 4.3750 | 05/01/29 | 209,891 | |||
1,119,386 | |||||||
ELECTRICAL EQUIPMENT — 0.7% | |||||||
500,000 | BWX Technologies, Inc.(c) | 4.1250 | 06/30/28 | 445,935 | |||
500,000 | BWX Technologies, Inc.(c) | 4.1250 | 04/15/29 | 439,598 | |||
885,533 | |||||||
ENGINEERING & CONSTRUCTION — 1.5% | |||||||
2,194,000 | Dycom Industries, Inc.(c) | 4.5000 | 04/15/29 | 1,923,151 | |||
FOOD — 1.6% | |||||||
2,000,000 | Darling Ingredients, Inc.(c) | 6.0000 | 06/15/30 | 1,997,850 | |||
FORESTRY, PAPER & WOOD PRODUCTS — 1.2% | |||||||
1,750,000 | Mercer International, Inc. | 5.1250 | 02/01/29 | 1,508,789 | |||
GAS & WATER UTILITIES — 0.8% | |||||||
1,000,000 | Suburban Propane Partners, L.P./Suburban Energy | 5.8750 | 03/01/27 | 944,480 | |||
HEALTH CARE FACILITIES & SERVICES — 2.6% | |||||||
1,391,000 | Ardent Health Services, Inc.(c) | 5.7500 | 07/15/29 | 1,025,597 | |||
500,000 | Catalent Pharma Solutions, Inc.(c) | 3.1250 | 02/15/29 | 410,671 | |||
750,000 | Legacy LifePoint Health, LLC(c) | 4.3750 | 02/15/27 | 643,586 | |||
250,000 | LifePoint Health, Inc.(c) | 5.3750 | 01/15/29 | 185,804 | |||
500,000 | MEDNAX, Inc.(c) | 5.3750 | 02/15/30 | 429,190 | |||
100,000 | Option Care Health, Inc.(c) | 4.3750 | 10/31/29 | 85,900 | |||
125,000 | Owens & Minor, Inc.(c) | 6.6250 | 04/01/30 | 114,059 | |||
500,000 | Tenet Healthcare Corporation(c) | 4.3750 | 01/15/30 | 424,008 | |||
3,318,815 | |||||||
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
CORPORATE BONDS — 97.2% (Continued) | |||||||
HOME & OFFICE PRODUCTS — 0.6% | |||||||
500,000 | Scotts Miracle-Gro Company (The) | 4.0000 | 04/01/31 | $ 374,723 | |||
500,000 | Scotts Miracle-Gro Company (The) | 4.3750 | 02/01/32 | 381,042 | |||
755,765 | |||||||
HOME CONSTRUCTION — 4.8% | |||||||
500,000 | Ashton Woods USA, LLC / Ashton Woods Finance(c) | 6.6250 | 01/15/28 | 425,638 | |||
500,000 | Ashton Woods USA, LLC / Ashton Woods Finance(c) | 4.6250 | 08/01/29 | 375,688 | |||
2,542,000 | Interface, Inc.(c) | 5.5000 | 12/01/28 | 2,156,864 | |||
1,500,000 | PGT Innovations, Inc.(c) | 4.3750 | 10/01/29 | 1,184,783 | |||
1,500,000 | STL Holding Company, LLC(c) | 7.5000 | 02/15/26 | 1,308,749 | |||
500,000 | Weekley Homes, LLC / Weekley Finance Corporation(c) | 4.8750 | 09/15/28 | 395,620 | |||
5,847,342 | |||||||
HOUSEHOLD PRODUCTS — 0.0%(b) | |||||||
50,000 | Energizer Holdings, Inc.(c) | 6.5000 | 12/31/27 | 43,880 | |||
INDUSTRIAL INTERMEDIATE PROD — 0.1% | |||||||
125,000 | Roller Bearing Company of America, Inc.(c) | 4.3750 | 10/15/29 | 106,521 | |||
INDUSTRIAL SUPPORT SERVICES — 0.2% | |||||||
250,000 | BCPE Empire Holdings, Inc.(c) | 7.6250 | 05/01/27 | 203,870 | |||
INSTITUTIONAL FINANCIAL SERVICES — 1.2% | |||||||
1,750,000 | LPL Holdings, Inc.(c) | 4.0000 | 03/15/29 | 1,499,775 | |||
LEISURE FACILITIES & SERVICES — 0.3% | |||||||
500,000 | Papa John's International, Inc.(c) | 3.8750 | 09/15/29 | 413,175 | |||
LEISURE PRODUCTS — 0.6% | |||||||
1,000,000 | Vista Outdoor, Inc.(c) | 4.5000 | 03/15/29 | 766,602 | |||
MACHINERY — 0.5% | |||||||
250,000 | Madison IAQ, LLC(c) | 4.1250 | 06/30/28 | 206,858 | |||
375,000 | OT Merger Corporation(c) | 7.8750 | 10/15/29 | 216,011 | |||
250,000 | Redwood Star Merger Sub, Inc.(c) | 8.7500 | 04/01/30 | 209,701 | |||
632,570 |
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 97.2% (Continued) | |||||||
MEDICAL EQUIPMENT & DEVICES — 0.7% | |||||||
500,000 | Mozart Debt Merger Sub, Inc.(c) | 3.8750 | 04/01/29 | $ 428,055 | |||
500,000 | Mozart Debt Merger Sub, Inc.(c) | 5.2500 | 10/01/29 | 415,160 | |||
843,215 | |||||||
METALS & MINING — 1.5% | |||||||
1,000,000 | Compass Minerals International, Inc.(c) | 6.7500 | 12/01/27 | 906,035 | |||
1,250,000 | Kaiser Aluminum Corporation(c) | 4.5000 | 06/01/31 | 951,536 | |||
1,857,571 | |||||||
OIL & GAS PRODUCERS — 9.3% | |||||||
1,500,000 | Colgate Energy Partners III, LLC(c) | 5.8750 | 07/01/29 | 1,316,423 | |||
2,072,000 | CQP Holdco, L.P. / BIP-V Chinook Holdco, LLC(c) | 5.5000 | 06/15/31 | 1,764,058 | |||
250,000 | Crestwood Midstream Partners, L.P. | 5.7500 | 04/01/25 | 234,179 | |||
1,500,000 | Crestwood Midstream Partners, L.P.(c) | 5.6250 | 05/01/27 | 1,337,497 | |||
500,000 | DCP Midstream Operating, L.P.(c),(d) | ICE LIBOR USD 3 Month + 3.850% | 5.8500 | 05/21/43 | 421,009 | ||
250,000 | DT Midstream, Inc.(c) | 4.1250 | 06/15/29 | 211,974 | |||
750,000 | DT Midstream, Inc.(c) | 4.3750 | 06/15/31 | 628,515 | |||
100,000 | Earthstone Energy Holdings, LLC(c) | 8.0000 | 04/15/27 | 94,766 | |||
500,000 | Genesis Energy, L.P. / Genesis Energy Finance | 7.7500 | 02/01/28 | 433,050 | |||
1,000,000 | Global Partners, L.P. / GLP Finance Corporation | 7.0000 | 08/01/27 | 901,240 | |||
1,000,000 | ITT Holdings, LLC(c) | 6.5000 | 08/01/29 | 802,795 | |||
2,000,000 | Kinetik Holdings, L.P.(c) | 5.8750 | 06/15/30 | 1,908,759 | |||
1,000,000 | NuStar Logistics, L.P. B | 5.6250 | 04/28/27 | 892,188 | |||
275,000 | PBF Holding Company, LLC / PBF Finance Corporation | 7.2500 | 06/15/25 | 257,535 | |||
500,000 | PBF Holding Company, LLC / PBF Finance Corporation | 6.0000 | 02/15/28 | 419,168 | |||
11,623,156 | |||||||
PUBLISHING & BROADCASTING — 1.4% | |||||||
500,000 | Gray Escrow II, Inc.(c) | 5.3750 | 11/15/31 | 401,713 | |||
1,750,000 | Gray Television, Inc.(c) | 4.7500 | 10/15/30 | 1,380,496 | |||
1,782,209 | |||||||
REAL ESTATE INVESTMENT TRUSTS — 3.9% | |||||||
500,000 | Diversified Healthcare Trust | 9.7500 | 06/15/25 | 493,950 | |||
1,500,000 | GEO Group, Inc. (The) | 5.1250 | 04/01/23 | 1,418,092 | |||
1,500,000 | iStar, Inc. | 5.5000 | 02/15/26 | 1,413,982 | |||
1,250,000 | Service Properties Trust | 7.5000 | 09/15/25 | 1,146,875 |
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Spread | Coupon Rate (%) | Maturity | Fair Value | |||
CORPORATE BONDS — 97.2% (Continued) | |||||||
REAL ESTATE INVESTMENT TRUSTS — 3.9% (Continued) | |||||||
500,000 | Service Properties Trust | 5.5000 | 12/15/27 | $ 405,625 | |||
4,878,524 | |||||||
REAL ESTATE OWNERS & DEVELOPERS — 2.2% | |||||||
3,749,000 | Howard Hughes Corporation (The)(c) | 4.3750 | 02/01/31 | 2,784,347 | |||
RETAIL - CONSUMER STAPLES — 0.1% | |||||||
100,000 | Ingles Markets, Inc.(c) | 4.0000 | 06/15/31 | 86,656 | |||
RETAIL - DISCRETIONARY — 4.1% | |||||||
1,550,000 | Beacon Roofing Supply, Inc.(c) | 4.1250 | 05/15/29 | 1,262,836 | |||
1,250,000 | Ken Garff Automotive, LLC(c) | 4.8750 | 09/15/28 | 1,020,794 | |||
1,250,000 | Lithia Motors, Inc.(c) | 3.8750 | 06/01/29 | 1,064,456 | |||
500,000 | Lithia Motors, Inc.(c) | 4.3750 | 01/15/31 | 427,100 | |||
1,800,000 | Sonic Automotive, Inc.(c) | 4.8750 | 11/15/31 | 1,356,617 | |||
5,131,803 | |||||||
SOFTWARE — 0.7% | |||||||
1,000,000 | Crowdstrike Holdings, Inc. | 3.0000 | 02/15/29 | 866,355 | |||
SPECIALTY FINANCE — 14.6% | |||||||
500,000 | AerCap Global Aviation Trust(c),(d) | ICE LIBOR USD 3 Month + 4.300% | 6.5000 | 06/15/45 | 460,372 | ||
3,000,000 | Air Lease Corporation(d) | H15T5Y + 4.076% | 4.6500 | 06/15/70 | 2,499,066 | ||
1,000,000 | Alliance Data Systems Corporation(c) | 7.0000 | 01/15/26 | 962,220 | |||
2,500,000 | Burford Capital Global Finance, LLC(c) | 6.2500 | 04/15/28 | 2,196,330 | |||
115,000 | Freedom Mortgage Corporation(c) | 8.1250 | 11/15/24 | 99,340 | |||
786,000 | Freedom Mortgage Corporation(c) | 8.2500 | 04/15/25 | 662,669 | |||
500,000 | Freedom Mortgage Corporation(c) | 7.6250 | 05/01/26 | 390,671 | |||
1,000,000 | Freedom Mortgage Corporation(c) | 6.6250 | 01/15/27 | 742,477 | |||
2,955,000 | ILFC E-Capital Trust I(c),(d) | T30Y + 1.550% | 4.8500 | 12/21/65 | 2,164,602 | ||
1,500,000 | ILFC E-Capital Trust II(c),(d) | T30Y + 1.800% | 5.1000 | 12/21/65 | 1,134,161 | ||
750,000 | Ladder Capital Finance Holdings LLLP / Ladder(c) | 4.2500 | 02/01/27 | 606,704 | |||
1,700,000 | LFS Topco, LLC(c) | 5.8750 | 10/15/26 | 1,345,482 | |||
500,000 | Nationstar Mortgage Holdings, Inc. Series 144A(c) | 6.0000 | 01/15/27 | 434,800 | |||
1,250,000 | Nationstar Mortgage Holdings, Inc.(c) | 5.5000 | 08/15/28 | 1,004,601 |
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||
CORPORATE BONDS — 97.2% (Continued) | |||||||
SPECIALTY FINANCE — 14.6% (Continued) | |||||||
1,250,000 | Nationstar Mortgage Holdings, Inc.(c) | 5.7500 | 11/15/31 | $ 957,813 | |||
3,000,000 | New Residential Investment Corporation(c) | 6.2500 | 10/15/25 | 2,607,112 | |||
125,000 | PHH Mortgage Corporation(c) | 7.8750 | 03/15/26 | 110,465 | |||
18,378,885 | |||||||
STEEL — 2.7% | |||||||
1,500,000 | Allegheny Technologies, Inc. | 5.1250 | 10/01/31 | 1,151,949 | |||
500,000 | Commercial Metals Company | 4.3750 | 03/15/32 | 410,489 | |||
2,509,000 | TMS International Corporation(c) | 6.2500 | 04/15/29 | 1,826,844 | |||
3,389,282 | |||||||
TECHNOLOGY HARDWARE — 1.6% | |||||||
300,000 | Ciena Corporation(c) | 4.0000 | 01/31/30 | 259,295 | |||
1,000,000 | CommScope, Inc.(c) | 8.2500 | 03/01/27 | 792,990 | |||
750,000 | CommScope, Inc.(c) | 7.1250 | 07/01/28 | 569,091 | |||
500,000 | TTM Technologies, Inc.(c) | 4.0000 | 03/01/29 | 421,124 | |||
2,042,500 | |||||||
TECHNOLOGY SERVICES — 2.0% | |||||||
260,000 | Fair Isaac Corporation(c) | 4.0000 | 06/15/28 | 230,580 | |||
1,250,000 | HealthEquity, Inc.(c) | 4.5000 | 10/01/29 | 1,095,312 | |||
500,000 | MSCI, Inc.(c) | 3.6250 | 11/01/31 | 412,799 | |||
1,000,000 | MSCI, Inc.(c) | 3.2500 | 08/15/33 | 799,000 | |||
2,537,691 | |||||||
TRANSPORTATION & LOGISTICS — 0.8% | |||||||
1,250,000 | First Student Bidco, Inc. / First Transit Parent, Inc.(c) | 4.0000 | 07/31/29 | 1,002,296 | |||
TRANSPORTATION EQUIPMENT — 0.5% | |||||||
500,000 | Trinity Industries, Inc. | 4.5500 | 10/01/24 | 487,500 | |||
125,000 | Wabash National Corporation(c) | 4.5000 | 10/15/28 | 95,781 | |||
583,281 | |||||||
WHOLESALE - CONSUMER STAPLES — 1.7% | |||||||
2,000,000 | United Natural Foods, Inc.(c) | 6.7500 | 10/15/28 | 1,871,794 | |||
295,000 | US Foods, Inc.(c) | 4.6250 | 06/01/30 | 251,631 | |||
2,123,425 | |||||||
TOTAL CORPORATE BONDS (Cost $144,779,686) | 121,929,235 | ||||||
TIMOTHY PLAN HIGH YIELD BOND FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
SHORT-TERM INVESTMENTS — 0.9% | |||||||
MONEY MARKET FUNDS - 0.9% | |||||||
1,085,715 | Fidelity Government Portfolio, Class I, 1.21% (Cost $1,085,715)(e) | $ 1,085,715 | |||||
TOTAL INVESTMENTS - 98.5% (Cost $146,371,196) | $ 123,532,355 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.5% | 1,904,542 | ||||||
NET ASSETS - 100.0% | $ 125,436,897 | ||||||
LLC | - Limited Liability Company |
LP | - Limited Partnership |
LTD | - Limited Company |
MSCI | - Morgan Stanley Capital International |
REIT | - Real Estate Investment Trust |
H15T5Y | US Treasury Yield Curve Rate T Note Constant Maturity 5 Year |
ICE LIBOR USD 3 Month | ICE LIBOR USD 3 Month |
(a) | Non-income producing security. |
(b) | Variable rate security; the rate shown represents the rate on June 30, 2022. |
(c) | Percentage rounds to less than 0.1%. |
(d) | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of June 30, 2022 the total market value of 144A securities is 99,583,725 or 79.4% of net assets. |
(e) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
CLOSED END FUNDS — 4.8% | ||||||||||||
COMMODITY - 4.8% | ||||||||||||
529,000 | Sprott Physical Silver Trust(a) | $ 3,650,100 | ||||||||||
TOTAL CLOSED END FUNDS (Cost $4,834,579) | 3,650,100 | |||||||||||
COMMON STOCKS — 43.2% | ||||||||||||
CHEMICALS - 2.6% | ||||||||||||
3,219 | CF Industries Holdings, Inc. | 275,965 | ||||||||||
3,382 | Chemours Company (The) | 108,292 | ||||||||||
2,566 | FMC Corporation | 274,588 | ||||||||||
6,052 | K+S A.G.(b) | 147,036 | ||||||||||
4,863 | Mosaic Company (The) | 229,679 | ||||||||||
5,930 | Nutrien Ltd. | 472,562 | ||||||||||
2,879 | OCI N.V.(b) | 94,951 | ||||||||||
1,463 | Sasol Ltd. - ADR(a) | 33,737 | ||||||||||
1,671 | Sociedad Quimica y Minera de Chile S.A. - ADR | 139,578 | ||||||||||
5,842 | Yara International ASA | 244,124 | ||||||||||
2,020,512 | ||||||||||||
DIVERSIFIED INDUSTRIALS - 0.0%(b) | ||||||||||||
638 | Pentair PLC | 29,201 | ||||||||||
ELECTRIC UTILITIES - 0.1% | ||||||||||||
865 | Neoen S.A. | 32,588 | ||||||||||
503 | Ormat Technologies, Inc. | 39,410 | ||||||||||
71,998 | ||||||||||||
FOOD - 1.6% | ||||||||||||
2,563 | Adecoagro S.A. | 21,683 | ||||||||||
428 | Bakkafrost P/F | 27,375 | ||||||||||
870 | Beyond Meat, Inc.(a) | 20,828 | ||||||||||
15,806 | BRF S.A. - ADR(a) | 40,463 | ||||||||||
545 | Cal-Maine Foods, Inc. | 26,928 | ||||||||||
1,977 | Darling Ingredients, Inc.(a) | 118,225 | ||||||||||
1,100 | Ezaki Glico Company Ltd. | 31,819 | ||||||||||
3,940 | Hormel Foods Corporation | 186,599 | ||||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
COMMON STOCKS — 43.2% (Continued) | ||||||||||||
FOOD - 1.6% (Continued) | ||||||||||||
1,365 | Ingredion, Inc. | $ 120,338 | ||||||||||
1,200 | MEIJI Holdings Company Ltd. | 58,899 | ||||||||||
600 | Morinaga Milk Industry Company Ltd. | 21,490 | ||||||||||
6,395 | Mowi ASA | 145,498 | ||||||||||
1,100 | NH Foods Ltd. | 34,413 | ||||||||||
4,700 | Nippon Suisan Kaisha Ltd. | 19,847 | ||||||||||
1,279 | Pilgrim's Pride Corporation(a) | 39,943 | ||||||||||
841 | Salmar ASA | 59,128 | ||||||||||
274 | Sanderson Farms, Inc. | 59,055 | ||||||||||
7,600 | Saputo, Inc. | 165,724 | ||||||||||
1,198,255 | ||||||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.1% | ||||||||||||
2,400 | Canfor Corporation(a) | 41,856 | ||||||||||
3,200 | Sumitomo Forestry Company Ltd. | 45,350 | ||||||||||
87,206 | ||||||||||||
GAS & WATER UTILITIES - 0.5% | ||||||||||||
403 | American States Water Company | 32,849 | ||||||||||
671 | American Water Works Company, Inc. | 99,824 | ||||||||||
437 | California Water Service Group | 24,275 | ||||||||||
8,014 | Cia de Saneamento Basico do Estado de Sao Paulo - ADR | 64,032 | ||||||||||
539 | Essential Utilities, Inc. | 24,713 | ||||||||||
1,154 | Severn Trent PLC | 38,195 | ||||||||||
1,944 | United Utilities Group PLC | 24,137 | ||||||||||
2,503 | Veolia Environnement S.A. | 61,074 | ||||||||||
369,099 | ||||||||||||
HEALTH CARE FACILITIES & SERVICES - 0.3% | ||||||||||||
48,754 | Brookdale Senior Living, Inc.(a) | 221,343 | ||||||||||
INDUSTRIAL REIT - 0.3% | ||||||||||||
1,250 | EastGroup Properties, Inc. | 192,913 | ||||||||||
MACHINERY - 1.5% | ||||||||||||
1,644 | AGCO Corporation | 162,263 | ||||||||||
12,364 | CNH Industrial N.V. | 143,299 | ||||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
COMMON STOCKS — 43.2% (Continued) | |||||||||||
MACHINERY - 1.5% (Continued) | |||||||||||
1,604 | Deere & Company | $ 480,349 | |||||||||
291 | Evoqua Water Technologies Corporation(a) | 9,460 | |||||||||
15,800 | Kubota Corporation | 236,028 | |||||||||
2,700 | Kurita Water Industries Ltd. | 97,701 | |||||||||
840 | Weir Group PLC (The) | 13,937 | |||||||||
1,143,037 | |||||||||||
METALS & MINING - 5.4% | |||||||||||
915 | Agnico Eagle Mines Ltd. | 41,870 | |||||||||
734 | Agnico Eagle Mines Ltd. | 33,609 | |||||||||
5,521 | Alamos Gold, Inc., Class A | 38,757 | |||||||||
1,496 | Alcoa Corporation | 68,188 | |||||||||
2,553 | Anglo American PLC | 91,273 | |||||||||
11,140 | AngloGold Ashanti Ltd. - ADR | 164,761 | |||||||||
1,391 | Antofagasta PLC | 19,557 | |||||||||
513 | Aurubis A.G. | 34,806 | |||||||||
65,168 | B2Gold Corporation | 220,919 | |||||||||
6,990 | Barrick Gold Corporation | 123,653 | |||||||||
6,143 | BHP Group Ltd. - ADR | 345,114 | |||||||||
2,352 | Cameco Corporation | 49,439 | |||||||||
4,500 | Capstone Copper Corporation(a) | 11,361 | |||||||||
3,247 | Cia de Minas Buenaventura S.A.A - ADR | 21,430 | |||||||||
964 | Cleveland-Cliffs, Inc.(a) | 14,817 | |||||||||
1,125 | Compass Minerals International, Inc. | 39,814 | |||||||||
8,900 | Endeavour Mining PLC | 184,115 | |||||||||
180 | Eramet S.A.(a) | 18,698 | |||||||||
6,434 | First Majestic Silver Corporation | 46,196 | |||||||||
4,100 | First Quantum Minerals Ltd. | 77,778 | |||||||||
859 | Franco-Nevada Corporation | 113,027 | |||||||||
6,286 | Freeport-McMoRan, Inc. | 183,928 | |||||||||
22,264 | Glencore plc | 120,628 | |||||||||
24,202 | Gold Fields Ltd. - ADR | 220,722 | |||||||||
14,688 | Hecla Mining Company | 57,577 | |||||||||
5,000 | Hudbay Minerals, Inc. | 20,392 | |||||||||
2,500 | Ivanhoe Mines Ltd.(a) | 14,391 | |||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
COMMON STOCKS — 43.2% (Continued) | |||||||||||
METALS & MINING - 5.4% (Continued) | |||||||||||
49,113 | Kinross Gold Corporation | $ 175,825 | |||||||||
1,334 | Lithium Americas Corporation(a) | 26,853 | |||||||||
22 | Livent Corporation(a) | 499 | |||||||||
8,800 | Lundin Mining Corporation | 55,783 | |||||||||
2,470 | Newmont Corporation | 147,385 | |||||||||
9,396 | Norsk Hydro ASA | 52,619 | |||||||||
4,291 | Pan American Silver Corporation | 84,404 | |||||||||
4,999 | Rio Tinto plc - ADR | 304,939 | |||||||||
730 | Royal Gold, Inc. | 77,949 | |||||||||
4,778 | Sibanye Stillwater Ltd. - ADR | 47,637 | |||||||||
2,337 | Southern Copper Corporation | 116,406 | |||||||||
5,543 | SSR Mining, Inc. | 92,568 | |||||||||
800 | Sumitomo Metal Mining Company Ltd. | 25,057 | |||||||||
1,343 | Teck Resources Ltd., Class B | 41,064 | |||||||||
2,191 | Turquoise Hill Resources Ltd.(a) | 58,675 | |||||||||
20,423 | Vale S.A. - ADR | 298,788 | |||||||||
4,166 | Wheaton Precious Metals Corporation | 150,101 | |||||||||
8,737 | Yamana Gold, Inc. | 40,627 | |||||||||
4,173,999 | |||||||||||
OIL & GAS PRODUCERS - 6.3% | |||||||||||
5,196 | Aker BP ASA | 180,466 | |||||||||
4,673 | APA Corporation | 163,088 | |||||||||
8,400 | ARC Resources Ltd. | 105,907 | |||||||||
7,123 | Canadian Natural Resources Ltd. | 382,363 | |||||||||
2,100 | Cenovus Energy, Inc. | 39,952 | |||||||||
1,338 | Civitas Resources, Inc. | 69,964 | |||||||||
1,701 | CNX Resources Corporation(a) | 27,998 | |||||||||
3,626 | ConocoPhillips | 325,651 | |||||||||
877 | Continental Resources, Inc. | 57,312 | |||||||||
5,110 | Coterra Energy, Inc. | 131,787 | |||||||||
30,100 | Crescent Point Energy Corporation | 213,951 | |||||||||
1,915 | Devon Energy Corporation | 105,536 | |||||||||
1,892 | Diamondback Energy, Inc. | 229,216 | |||||||||
1,026 | Ecopetrol S.A. - ADR | 11,142 | |||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
COMMON STOCKS — 43.2% (Continued) | |||||||||||
OIL & GAS PRODUCERS - 6.3% (Continued) | |||||||||||
3,518 | Enerplus Corporation | $ 46,543 | |||||||||
1,525 | Eni SpA - ADR | 36,310 | |||||||||
3,217 | EOG Resources, Inc. | 355,285 | |||||||||
127 | EQT Corporation | 4,369 | |||||||||
7,406 | Equinor ASA - ADR | 257,434 | |||||||||
42 | Hess Corporation | 4,449 | |||||||||
24,000 | Inpex Corporation | 260,004 | |||||||||
5,174 | Kosmos Energy Ltd.(a) | 32,027 | |||||||||
1,380 | Magnolia Oil & Gas Corporation | 28,966 | |||||||||
227 | Marathon Oil Corporation | 5,103 | |||||||||
2,684 | Matador Resources Company | 125,048 | |||||||||
2,800 | MEG Energy Corporation(a) | 38,761 | |||||||||
1,677 | Murphy Oil Corporation | 50,629 | |||||||||
1,071 | Occidental Petroleum Corporation | 63,060 | |||||||||
650 | Ovintiv, Inc. | 28,724 | |||||||||
2,800 | Parex Resources, Inc. | 47,418 | |||||||||
1,975 | PDC Energy, Inc. | 121,680 | |||||||||
20,434 | Petroleo Brasileiro S.A. - ADR | 238,669 | |||||||||
927 | Pioneer Natural Resources Company | 206,795 | |||||||||
2,900 | PrairieSky Royalty Ltd. | 36,518 | |||||||||
1,670 | Range Resources Corporation(a) | 41,333 | |||||||||
1,405 | SM Energy Company | 48,037 | |||||||||
9,131 | Southwestern Energy Company(a) | 57,069 | |||||||||
7,200 | Suncor Energy, Inc. | 252,588 | |||||||||
3,100 | Tourmaline Oil Corporation | 161,179 | |||||||||
9,600 | Vermilion Energy, Inc. | 182,711 | |||||||||
8,700 | Whitecap Resources, Inc. | 60,420 | |||||||||
4,835,462 | |||||||||||
OIL & GAS SERVICES & EQUIPMENT - 1.0% | |||||||||||
3,881 | Baker Hughes Company | 112,044 | |||||||||
2,561 | ChampionX Corporation | 50,836 | |||||||||
3,524 | Halliburton Company | 110,513 | |||||||||
2,171 | Helmerich & Payne, Inc. | 93,483 | |||||||||
3,117 | Liberty Oilfield Services, Inc., Class A(a) | 39,773 | |||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
COMMON STOCKS — 43.2% (Continued) | |||||||||||
OIL & GAS SERVICES & EQUIPMENT - 1.0% (Continued) | |||||||||||
1,425 | NOV, Inc. | $ 24,097 | |||||||||
3,391 | Patterson-UTI Energy, Inc. | 53,442 | |||||||||
4,683 | Schlumberger N.V. | 167,464 | |||||||||
3,713 | Subsea 7 S.A. | 29,682 | |||||||||
18,096 | Transocean Ltd.(a) | 60,260 | |||||||||
741,594 | |||||||||||
REAL ESTATE INVESTMENT TRUSTS - 21.4% | |||||||||||
18,000 | Alexander & Baldwin, Inc. | 323,100 | |||||||||
10,900 | American Assets Trust, Inc. | 323,730 | |||||||||
18,450 | American Homes 4 Rent, Class A | 653,868 | |||||||||
2,800 | American Tower Corporation | 715,652 | |||||||||
18,500 | Americold Realty Trust | 555,740 | |||||||||
23,000 | Armada Hoffler Properties, Inc. | 295,320 | |||||||||
5,000 | AvalonBay Communities, Inc. | 971,250 | |||||||||
5,050 | Camden Property Trust | 679,124 | |||||||||
8,100 | Crown Castle International Corporation | 1,363,878 | |||||||||
5,000 | CTO Realty Growth, Inc. | 305,600 | |||||||||
1,200 | Equinix, Inc. | 788,424 | |||||||||
1,300 | Essex Property Trust, Inc. | 339,963 | |||||||||
17,500 | InvenTrust Properties Corporation | 451,325 | |||||||||
23,000 | Invitation Homes, Inc. | 818,340 | |||||||||
5,300 | Life Storage, Inc. | 591,798 | |||||||||
21,000 | Plymouth Industrial REIT, Inc. | 368,340 | |||||||||
2,898 | PotlatchDeltic Corporation | 128,063 | |||||||||
11,900 | Prologis, Inc. | 1,400,034 | |||||||||
2,300 | Public Storage | 719,141 | |||||||||
2,865 | Rayonier, Inc. | 107,094 | |||||||||
30,000 | Sabra Health Care REIT, Inc. | 419,100 | |||||||||
3,200 | SBA Communications Corporation | 1,024,160 | |||||||||
42,000 | SITE Centers Corporation | 565,740 | |||||||||
3,900 | Sun Communities, Inc. | 621,504 | |||||||||
17,000 | Ventas, Inc. | 874,310 | |||||||||
11,000 | Welltower, Inc. | 905,850 | |||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
COMMON STOCKS — 43.2% (Continued) | ||||||||||||
REAL ESTATE INVESTMENT TRUSTS - 21.4% (Continued) | ||||||||||||
5,069 | Weyerhaeuser Company | $ 167,885 | ||||||||||
16,478,333 | ||||||||||||
RENEWABLE ENERGY - 0.8% | ||||||||||||
3,523 | Array Technologies, Inc.(a) | 38,788 | ||||||||||
2,006 | Atlantica Sustainable Infrastructure PLC | 64,714 | ||||||||||
3,230 | Ballard Power Systems, Inc.(a) | 20,349 | ||||||||||
2,867 | Daqo New Energy Corporation - ADR(a) | 204,646 | ||||||||||
501 | Enphase Energy, Inc.(a) | 97,814 | ||||||||||
1,043 | First Solar, Inc.(a) | 71,060 | ||||||||||
1,733 | Green Plains, Inc.(a) | 47,086 | ||||||||||
1,754 | Plug Power, Inc.(a) | 29,064 | ||||||||||
183 | SolarEdge Technologies, Inc.(a) | 50,083 | ||||||||||
623,604 | ||||||||||||
STEEL - 0.8% | ||||||||||||
1,303 | Allegheny Technologies, Inc.(a) | 29,591 | ||||||||||
873 | ArcelorMittal S.A. - ADR | 19,730 | ||||||||||
21,328 | Cia Siderurgica Nacional S.A. - ADR | 62,491 | ||||||||||
11,855 | Gerdau S.A. - ADR | 50,858 | ||||||||||
1,300 | Hitachi Metals Ltd.(a) | 19,669 | ||||||||||
2,200 | JFE Holdings, Inc. | 23,185 | ||||||||||
4,600 | Nippon Steel Corporation | 64,378 | ||||||||||
765 | POSCO - ADR | 34,058 | ||||||||||
473 | Reliance Steel & Aluminum Company | 80,343 | ||||||||||
346 | Steel Dynamics, Inc. | 22,888 | ||||||||||
2,000 | Stelco Holdings, Inc. | 49,997 | ||||||||||
3,672 | Ternium S.A. - ADR | 132,522 | ||||||||||
24 | United States Steel Corporation | 430 | ||||||||||
590,140 | ||||||||||||
TELECOMMUNICATIONS - 0.3% | ||||||||||||
7,020 | Switch, Inc., Class A | 235,170 | ||||||||||
TRANSPORTATION EQUIPMENT - 0.0%(b) | ||||||||||||
1,518 | Iveco Group N.V.(a) | 8,021 | ||||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
COMMON STOCKS — 43.2% (Continued) | ||||||||||||
WHOLESALE - CONSUMER STAPLES - 0.2% | ||||||||||||
1,621 | Bunge Ltd. | $ 147,008 | ||||||||||
TOTAL COMMON STOCKS (Cost $32,879,918) | 33,166,895 | |||||||||||
EXCHANGE-TRADED FUNDS — 2.2% | ||||||||||||
SPECIALTY - 2.2% | ||||||||||||
92,000 | Invesco DB US Dollar Index Bearish Fund(a) (Cost $1,904,438) | 1,694,640 | ||||||||||
PRECIOUS METALS - PHYSICAL HOLDING — 14.5% | ||||||||||||
PRECIOUS METAL - 14.5% | ||||||||||||
6,143 | GOLD BARS - XAU BGN CURNCY(a) (Cost $7,240,876) | 11,103,798 | ||||||||||
SHORT-TERM INVESTMENTS — 35.1% | ||||||||||||
MONEY MARKET FUNDS - 9.0% | 6,916,224 | |||||||||||
6,916,224 | Fidelity Government Portfolio, Class I, 1.21% (Cost $6,916,224)(c) | |||||||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | ||||||||||
U.S. TREASURY INFLATION PROTECTED — 26.1% | ||||||||||||
2,645,000 | United States Treasury Inflation Indexed Bonds | 0.6250 | 01/15/24 | 3,333,233 | ||||||||
1,285,000 | United States Treasury Inflation Indexed Bonds | 2.3750 | 01/15/25 | 2,089,691 | ||||||||
1,635,000 | United States Treasury Inflation Indexed Bonds | 2.0000 | 01/15/26 | 2,526,446 | ||||||||
1,615,000 | United States Treasury Inflation Indexed Bonds | 2.3750 | 01/15/27 | 2,520,919 | ||||||||
1,625,000 | United States Treasury Inflation Indexed Bonds | 0.5000 | 01/15/28 | 1,897,415 | ||||||||
1,360,000 | United States Treasury Inflation Indexed Bonds | 1.7500 | 01/15/28 | 1,997,166 | ||||||||
1,230,000 | United States Treasury Inflation Indexed Bonds | 0.8750 | 01/15/29 | 1,426,066 | ||||||||
1,060,000 | United States Treasury Inflation Indexed Bonds | 2.5000 | 01/15/29 | 1,592,396 | ||||||||
10,000 | United States Treasury Inflation Indexed Bonds | 0.1250 | 01/15/31 | 10,608 | ||||||||
955,000 | United States Treasury Inflation Indexed Bonds | 2.1250 | 02/15/41 | 1,483,154 | ||||||||
1,345,000 | United States Treasury Inflation Indexed Bonds | 0.1250 | 02/15/51 | 1,176,298 | ||||||||
TIMOTHY PLAN DEFENSIVE STRATEGIES FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Fair Value | ||||||||||||
TOTAL U.S. TREASURY INFLATION PROTECTED (Cost $21,066,029) | $ 20,053,392 | |||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $27,982,253) | 26,696,616 | |||||||||||
TOTAL INVESTMENTS - 99.8% (Cost $74,842,064) | $ 76,585,049 | |||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.2% | 147,513 | |||||||||||
NET ASSETS - 100.0% | $ 76,732,562 | |||||||||||
ADR | - American Depositary Receipt |
LTD | - Limited Company |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
S/A | - Société Anonyme |
(a) | Non-income producing security. |
(b) | Percentage rounds to less than 0.1%. |
(c) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN STRATEGIC GROWTH FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
EXCHANGE-TRADED FUNDS — 55.9% | |||||||
EQUITY - 55.9% | |||||||
117,506 | Timothy Plan High Dividend Stock Enhanced ETF(a) | $ 2,884,420 | |||||
319,756 | Timothy Plan International ETF(a) | 7,295,776 | |||||
253,739 | Timothy Plan US Large/Mid Cap Core Enhanced ETF(a) | 5,959,238 | |||||
106,223 | Timothy Plan US Small Cap Core ETF(a) | 3,067,338 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $19,933,304) | 19,206,772 | ||||||
OPEN END FUNDS — 40.1% | |||||||
EQUITY - 7.9% | |||||||
271,900 | Timothy Plan International Fund, Class A(a) | 2,710,839 | |||||
FIXED INCOME - 23.3% | |||||||
640,201 | Timothy Plan Fixed Income Fund, Class A(a) | 6,011,483 | |||||
248,697 | Timothy Plan High Yield Bond Fund, Class A(a) | 2,034,338 | |||||
8,045,821 | |||||||
MIXED ALLOCATION - 8.9% | |||||||
229,080 | Timothy Plan Defensive Strategies Fund, Class A(a) | 3,051,343 | |||||
TOTAL OPEN END FUNDS (Cost $14,707,532) | 13,808,003 | ||||||
SHORT-TERM INVESTMENTS — 2.2% | |||||||
MONEY MARKET FUNDS - 2.2% | |||||||
771,830 | Fidelity Government Portfolio, Class I, 1.21% (Cost $771,830)(b) | 771,830 | |||||
TOTAL INVESTMENTS - 98.2% (Cost $35,412,666) | $ 33,786,605 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 1.8% | 618,060 | ||||||
NET ASSETS - 100.0% | $ 34,404,665 | ||||||
ETF | - Exchange-Traded Fund |
(a) | Affiliated Company. |
(b) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN CONSERVATIVE GROWTH FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
EXCHANGE-TRADED FUNDS — 38.9% | |||||||||||
EQUITY - 38.9% | |||||||||||
81,860 | Timothy Plan High Dividend Stock Enhanced ETF(a) | $ 2,009,417 | |||||||||
244,544 | Timothy Plan International ETF(a) | 5,579,687 | |||||||||
286,186 | Timothy Plan US Large/Mid Cap Core Enhanced ETF(a) | 6,721,279 | |||||||||
108,705 | Timothy Plan US Small Cap Core ETF(a) | 3,139,009 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $18,036,127) | 17,449,392 | ||||||||||
OPEN END FUNDS — 57.7% | |||||||||||
EQUITY - 5.5% | |||||||||||
246,003 | Timothy Plan International Fund, Class A(a) | 2,452,646 | |||||||||
FIXED INCOME - 45.2% | |||||||||||
1,852,694 | Timothy Plan Fixed Income Fund, Class A(a) | 17,396,795 | |||||||||
354,553 | Timothy Plan High Yield Bond Fund, Class A(a) | 2,900,245 | |||||||||
20,297,040 | |||||||||||
MIXED ALLOCATION - 7.0% | |||||||||||
234,473 | Timothy Plan Defensive Strategies Fund, Class A(a) | 3,123,177 | |||||||||
TOTAL OPEN END FUNDS (Cost $27,768,392) | 25,872,863 | ||||||||||
SHORT-TERM INVESTMENTS — 3.1% | |||||||||||
MONEY MARKET FUNDS - 3.1% | |||||||||||
1,410,037 | Fidelity Government Portfolio, Class I, 1.21% (Cost $1,410,037)(b) | 1,410,037 | |||||||||
TOTAL INVESTMENTS - 99.7% (Cost $47,214,556) | $ 44,732,292 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.3% | 149,177 | ||||||||||
NET ASSETS - 100.0% | $ 44,881,469 | ||||||||||
ETF | - Exchange-Traded Fund |
(a) | Affiliated Company. |
(b) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
TIMOTHY PLAN ISRAEL COMMON VALUES FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 97.4% | |||||||
AEROSPACE & DEFENSE - 4.8% | |||||||
18,001 | Elbit Systems Ltd. | $ 4,128,349 | |||||
93,000 | RADA Electronic Industries Ltd.(a) | 859,320 | |||||
4,987,669 | |||||||
APPAREL & TEXTILE PRODUCTS - 3.1% | |||||||
22,063 | Delta Galil Industries Ltd. | 1,082,715 | |||||
18,700 | Fox Wizel Ltd. | 2,122,871 | |||||
3,205,586 | |||||||
BANKING - 17.9% | |||||||
110,000 | Bank Hapoalim BM - ADR | 4,558,400 | |||||
549,000 | Bank Leumi Le-Israel BM | 4,880,593 | |||||
63,300 | First International Bank Of Israel Ltd. | 2,357,869 | |||||
602,000 | Israel Discount Bank Ltd., Class A | 3,130,048 | |||||
112,000 | Mizrahi Tefahot Bank Ltd. | 3,703,725 | |||||
18,630,635 | |||||||
BIOTECH & PHARMA - 0.9% | |||||||
490,000 | Enlight Renewable Energy Ltd.(a) | 930,000 | |||||
CHEMICALS - 3.5% | |||||||
399,902 | ICL Group Ltd. | 3,631,110 | |||||
CONSTRUCTION MATERIALS - 0.9% | |||||||
213,000 | Inrom Construction Industries Ltd. | 936,110 | |||||
ELECTRIC UTILITIES - 2.5% | |||||||
33,700 | Ormat Technologies, Inc. | 2,640,423 | |||||
FOOD - 1.2% | |||||||
50,500 | Strauss Group Ltd. | 1,239,691 | |||||
HEALTH CARE FACILITIES & SERVICES - 2.9% | |||||||
12,769 | Danel Adir Yeoshua Ltd. | 1,610,429 | |||||
1,575,013 | Novolog Ltd. | 1,406,946 | |||||
3,017,375 |
TIMOTHY PLAN ISRAEL COMMON VALUES FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 97.4% (Continued) | |||||||
HOME & OFFICE PRODUCTS - 1.6% | |||||||
116,585 | Maytronics Ltd. | $ 1,640,608 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 2.2% | |||||||
503,685 | Tel Aviv Stock Exchange Ltd. | 2,290,067 | |||||
INSURANCE - 5.6% | |||||||
184,000 | Harel Insurance Investments & Financial Services | 1,792,218 | |||||
1,230,000 | Migdal Insurance & Financial Holdings Ltd. | 1,826,670 | |||||
220,400 | Phoenix Holdings Ltd. (The) | 2,174,531 | |||||
5,793,419 | |||||||
LEISURE FACILITIES & SERVICES - 1.9% | |||||||
18,800 | Fattal Holdings 1998 Ltd.(a) | 1,951,213 | |||||
MEDICAL EQUIPMENT & DEVICES - 0.6% | |||||||
11,700 | Inmode Ltd.(a) | 262,197 | |||||
4,700 | Novocure Ltd.(a) | 326,650 | |||||
588,847 | |||||||
OIL & GAS PRODUCERS - 6.9% | |||||||
62,968 | Energean plc(a) | 842,374 | |||||
92,000 | Energean plc(a) | 1,253,815 | |||||
5,600 | Israel Corp Ltd. (The)(a) | 2,461,133 | |||||
2,000,000 | Oil Refineries Ltd. | 715,206 | |||||
7,000 | Paz Oil Company Ltd.(a) | 838,549 | |||||
1,425,000 | Ratio Oil Exploration 1992, L.P.(a) | 1,003,257 | |||||
7,114,334 | |||||||
REAL ESTATE INVESTMENT TRUSTS - 1.4% | |||||||
284,000 | Reit 1 Ltd. | 1,486,392 | |||||
REAL ESTATE OWNERS & DEVELOPERS - 12.5% | |||||||
125,000 | Alony Hetz Properties & Investments Ltd. | 1,566,124 | |||||
212,000 | Amot Investments Ltd. | 1,273,445 | |||||
34,000 | Azrieli Group Ltd. | 2,379,133 | |||||
160,000 | Bayside Land Corporation | 1,328,485 | |||||
40,000 | Elco Ltd. | 2,574,512 |
TIMOTHY PLAN ISRAEL COMMON VALUES FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 97.4% (Continued) | |||||||
REAL ESTATE OWNERS & DEVELOPERS - 12.5% (Continued) | |||||||
175,000 | Gazit-Globe Ltd. | $ 996,078 | |||||
16,380 | Melisron Ltd.(a) | 1,092,687 | |||||
593,430 | Mivne Real Estate KD Ltd. | 1,726,243 | |||||
12,936,707 | |||||||
RENEWABLE ENERGY - 1.5% | |||||||
296,360 | Energix-Renewable Energies Ltd. | 896,877 | |||||
2,300 | SolarEdge Technologies, Inc.(a) | 629,464 | |||||
1,526,341 | |||||||
RETAIL - CONSUMER STAPLES - 3.0% | |||||||
18,700 | Rami Levy Chain Stores Hashikma Marketing 2006 | 1,336,364 | |||||
210,000 | Shufersal Ltd. | 1,376,873 | |||||
27,315 | Victory Supermarket Chain Ltd. | 404,403 | |||||
3,117,640 | |||||||
SEMICONDUCTORS - 5.9% | |||||||
30,000 | Nova Measuring Instruments Ltd.(a) | 2,655,900 | |||||
74,423 | Tower Semiconductor Ltd.(a) | 3,436,854 | |||||
6,092,754 | |||||||
SOFTWARE - 11.2% | |||||||
13,100 | CyberArk Software Ltd.(a) | 1,676,276 | |||||
29,935 | Hilan Ltd. | 1,574,444 | |||||
23,300 | Nice Ltd. - ADR(a) | 4,484,085 | |||||
41,000 | One Software Technologies Ltd. | 646,689 | |||||
45,300 | Sapiens International Corp N.V. | 1,095,807 | |||||
40,200 | Varonis Systems, Inc.(a) | 1,178,664 | |||||
21,500 | Verint Systems, Inc.(a) | 910,525 | |||||
11,566,490 | |||||||
TECHNOLOGY HARDWARE - 0.8% | |||||||
22,800 | AudioCodes Ltd. | 502,512 | |||||
11,500 | Kornit Digital Ltd.(a) | 364,550 | |||||
867,062 | |||||||
TECHNOLOGY SERVICES - 2.6% | |||||||
78,783 | Magic Software Enterprises Ltd. | 1,399,974 | |||||
56,210 | Matrix IT Ltd. | 1,303,096 | |||||
2,703,070 |
TIMOTHY PLAN ISRAEL COMMON VALUES FUND | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
June 30, 2022 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 97.4% (Continued) | |||||||
WHOLESALE - DISCRETIONARY - 2.0% | |||||||
15,800 | Tadiran Holdings Ltd. | $ 2,103,530 | |||||
TOTAL COMMON STOCKS (Cost $58,842,377) | 100,997,073 | ||||||
SHORT-TERM INVESTMENTS — 2.6% | |||||||
MONEY MARKET FUNDS - 2.6% | |||||||
2,654,818 | Fidelity Government Portfolio, Class I, 1.21% (Cost $2,654,818)(b) | 2,654,818 | |||||
TOTAL INVESTMENTS - 100.0% (Cost $61,497,195) | $ 103,651,891 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0% | 7,112 | ||||||
NET ASSETS - 100.0% | $ 103,659,003 | ||||||
ADR | - American Depositary Receipt |
LP | - Limited Partnership |
LTD | - Limited Company |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day effective yield as of June 30, 2022. |
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
TIMOTHY PLAN ISRAEL COMMON VALUES FUND | |||||||
JUNE 30, 2022 | |||||||
Diversification of Assets | |||||||
Country | % of Net Assets | ||||||
Israel | 88.8% | ||||||
United States | 5.2% | ||||||
United Kingdom | 2.0% | ||||||
Cayman Islands | 1.1% | ||||||
Jersey | 0.3% | ||||||
Total | 97.4% | ||||||
Money Market Funds | 2.6% | ||||||
Other Assets Less Liabilities - Net | 0.0% | ||||||
Grand Total | 100.0% | ||||||
TIMOTHY PLAN GROWTH & INCOME FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||||||
June 30, 2022 | |||||||||||
Shares | Fair Value | ||||||||||
EXCHANGE-TRADED FUNDS — 57.2% | |||||||||||
EQUITY - 57.2% | |||||||||||
295,000 | Timothy Plan High Dividend Stock Enhanced ETF(a) | $ 7,241,365 | |||||||||
140,000 | Timothy Plan High Dividend Stock ETF(a) | 4,145,484 | |||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $10,895,106) | 11,386,849 | ||||||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | |||||||||
CORPORATE BONDS — 6.7% | |||||||||||
CHEMICALS — 0.7% | |||||||||||
59,000 | LYB International Finance BV | 4.0000 | 07/15/23 | 58,960 | |||||||
85,000 | Nutrien Ltd. | 4.0000 | 12/15/26 | 84,352 | |||||||
143,312 | |||||||||||
ELECTRIC UTILITIES — 0.9% | |||||||||||
110,000 | American Electric Power Company, Inc. | 3.2000 | 11/13/27 | 104,013 | |||||||
45,000 | National Rural Utilities Cooperative Finance Corporation | 2.9500 | 02/07/24 | 44,562 | |||||||
22,000 | WEC Energy Group, Inc. | 3.5500 | 06/15/25 | 21,630 | |||||||
170,205 | |||||||||||
GAS & WATER UTILITIES — 0.5% | |||||||||||
110,000 | NiSource, Inc. | 3.4900 | 05/15/27 | 105,426 | |||||||
INSTITUTIONAL FINANCIAL SERVICES — 0.3% | |||||||||||
55,000 | Cboe Global Markets, Inc. | 3.6500 | 01/12/27 | 53,570 | |||||||
MACHINERY — 0.2% | |||||||||||
35,000 | Eaton Corporation | 2.7500 | 11/02/22 | 34,985 | |||||||
OIL & GAS PRODUCERS — 2.0% | |||||||||||
85,000 | Columbia Pipeline Group, Inc. | 4.5000 | 06/01/25 | 85,771 | |||||||
200,000 | Energy Transfer Operating, L.P. | 5.2500 | 04/15/29 | 198,484 | |||||||
115,000 | Phillips 66 Company(b) | 3.6050 | 02/15/25 | 113,756 | |||||||
398,011 | |||||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.9% | |||||||||||
75,000 | Digital Realty Trust, L.P. | 3.7000 | 08/15/27 | 71,551 | |||||||
TIMOTHY PLAN GROWTH & INCOME FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | |||||||||
CORPORATE BONDS — 6.7% (Continued) | ||||||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.9% (Continued) | ||||||||||||
120,000 | Healthpeak Properties, Inc. | 3.5000 | 07/15/29 | $110,853 | ||||||||
182,404 | ||||||||||||
RETAIL - CONSUMER STAPLES — 0.4% | ||||||||||||
80,000 | Dollar General Corporation | 4.1250 | 05/01/28 | 78,199 | ||||||||
TRANSPORTATION & LOGISTICS — 0.8% | ||||||||||||
55,000 | Canadian Pacific Railway Company | 2.9000 | 02/01/25 | 53,454 | ||||||||
110,000 | CSX Corporation | 3.2500 | 06/01/27 | 105,708 | ||||||||
159,162 | ||||||||||||
TOTAL CORPORATE BONDS (Cost $1,389,523) | 1,325,274 | |||||||||||
NON U.S. GOVERNMENT & AGENCIES — 0.6% | ||||||||||||
LOCAL AUTHORITY — 0.6% | ||||||||||||
120,000 | Province of Ontario Canada (Cost $120,956) | 2.5000 | 04/27/26 | 116,567 | ||||||||
U.S. GOVERNMENT & AGENCIES — 9.5% | ||||||||||||
AGENCY FIXED RATE — 9.5% | ||||||||||||
60,879 | Fannie Mae Pool FM5537 | 2.0000 | 01/01/36 | 56,983 | ||||||||
43,038 | Fannie Mae Pool MA4316 | 2.5000 | 04/01/36 | 41,314 | ||||||||
20,976 | Fannie Mae Pool MA4329 | 2.0000 | 05/01/36 | 19,634 | ||||||||
66,789 | Fannie Mae Pool MA4333 | 2.0000 | 05/01/41 | 59,848 | ||||||||
23,738 | Fannie Mae Pool MA4475 | 2.5000 | 10/01/41 | 21,891 | ||||||||
69,104 | Fannie Mae Pool MA4617 | 3.0000 | 04/01/42 | 65,580 | ||||||||
56,334 | Fannie Mae Pool FM4053 | 2.5000 | 08/01/50 | 51,092 | ||||||||
58,270 | Fannie Mae Pool CA8897 | 3.0000 | 02/01/51 | 54,817 | ||||||||
8,870 | Fannie Mae Pool MA4258 | 3.5000 | 02/01/51 | 8,599 | ||||||||
22,582 | Fannie Mae Pool FM6550 | 2.0000 | 03/01/51 | 19,757 | ||||||||
44,885 | Fannie Mae Pool CB0855 | 3.0000 | 06/01/51 | 41,930 | ||||||||
78,109 | Fannie Mae Pool FS1807 | 3.5000 | 07/01/51 | 75,960 | ||||||||
77,769 | Fannie Mae Pool FS1704 | 4.0000 | 05/01/52 | 77,545 | ||||||||
TIMOTHY PLAN GROWTH & INCOME FUND | |||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||||||
June 30, 2022 | |||||||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | Fair Value | ||||||||
U.S. GOVERNMENT & AGENCIES — 9.5% (Continued) | |||||||||||
AGENCY FIXED RATE — 9.5% (Continued) | |||||||||||
57,655 | Ginnie Mae I Pool 723248 | 5.0000 | 10/15/39 | $ 60,960 | |||||||
59,907 | Ginnie Mae I Pool 783403 | 3.5000 | 09/15/41 | 59,812 | |||||||
51,124 | Ginnie Mae II Pool MA3376 | 3.5000 | 01/20/46 | 50,581 | |||||||
38,246 | Ginnie Mae II Pool MA3596 | 3.0000 | 04/20/46 | 36,746 | |||||||
33,023 | Ginnie Mae II Pool MA3663 | 3.5000 | 05/20/46 | 32,605 | |||||||
42,770 | Ginnie Mae II Pool MA3736 | 3.5000 | 06/20/46 | 42,194 | |||||||
14,497 | Ginnie Mae II Pool MA4509 | 3.0000 | 06/20/47 | 13,918 | |||||||
41,087 | Ginnie Mae II Pool MA4652 | 3.5000 | 08/20/47 | 40,494 | |||||||
38,923 | Ginnie Mae II Pool MA4719 | 3.5000 | 09/20/47 | 38,518 | |||||||
28,723 | Ginnie Mae II Pool MA6092 | 4.5000 | 08/20/49 | 29,256 | |||||||
22,909 | Ginnie Mae II Pool MA6156 | 4.5000 | 09/20/49 | 23,339 | |||||||
49,810 | Ginnie Mae II Pool BN2662 | 3.0000 | 10/20/49 | 47,146 | |||||||
24,002 | Ginnie Mae II Pool MA6221 | 4.5000 | 10/20/49 | 24,447 | |||||||
22,724 | Ginnie Mae II Pool MA6478 | 5.0000 | 02/20/50 | 23,559 | |||||||
26,232 | Ginnie Mae II Pool MA6544 | 4.5000 | 03/20/50 | 26,736 | |||||||
17,220 | Ginnie Mae II Pool MA6545 | 5.0000 | 03/20/50 | 17,837 | |||||||
26,003 | Ginnie Mae II Pool MA6600 | 3.5000 | 04/20/50 | 25,470 | |||||||
23,612 | Ginnie Mae II Pool MA6601 | 4.0000 | 04/20/50 | 23,734 | |||||||
31,343 | Ginnie Mae II Pool MA6603 | 5.0000 | 04/20/50 | 32,409 | |||||||
54,498 | Ginnie Mae II Pool MA7255 | 2.5000 | 03/20/51 | 50,166 | |||||||
43,725 | Ginnie Mae II Pool MA7418 | 2.5000 | 06/20/51 | 40,251 | |||||||
67,487 | Ginnie Mae II Pool MA7419 | 3.0000 | 06/20/51 | 63,903 | |||||||
58,771 | Ginnie Mae II Pool MA7472 | 2.5000 | 07/20/51 | 54,098 | |||||||
72,455 | Ginnie Mae II Pool CE1974 | 3.0000 | 08/20/51 | 69,287 | |||||||
81,821 | Ginnie Mae II Pool CE1990 | 2.5000 | 09/20/51 | 75,175 | |||||||
76,785 | Ginnie Mae II Pool MA7705 | 2.5000 | 11/20/51 | 70,672 | |||||||
81,772 | Ginnie Mae II Pool MA7768 | 3.0000 | 12/20/51 | 77,288 | |||||||
63,665 | Ginnie Mae II Pool MA7829 | 3.5000 | 01/20/52 | 62,055 | |||||||
84,113 | Ginnie Mae II Pool MA7939 | 4.0000 | 03/20/52 | 83,962 | |||||||
TOTAL U.S. GOVERNMENT & AGENCIES (Cost $2,033,548) | 1,891,568 | ||||||||||
TIMOTHY PLAN GROWTH & INCOME FUND | ||||||||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | ||||||||||||
June 30, 2022 | ||||||||||||
Shares | Fair Value | |||||||||||
SHORT-TERM INVESTMENTS — 25.9% | ||||||||||||
MONEY MARKET FUNDS - 0.3% | ||||||||||||
60,157 | Fidelity Government Portfolio, Class I, 1.21% (c) | $60,157 | ||||||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | ||||||||||
U.S. TREASURY BILLS — 18.0% | ||||||||||||
1,065,000 | United States Treasury Note | 0.6250 | 07/31/26 | 967,152 | ||||||||
1,030,000 | United States Treasury Note | 1.2500 | 09/30/28 | 924,224 | ||||||||
1,120,000 | United States Treasury Note | 1.2500 | 08/15/31 | 966,744 | ||||||||
530,000 | United States Treasury Note | 1.7500 | 08/15/41 | 405,554 | ||||||||
410,000 | United States Treasury Note | 2.0000 | 08/15/51 | 319,640 | ||||||||
3,583,314 | ||||||||||||
U.S. TREASURY NOTES — 7.6% | ||||||||||||
660,000 | United States Treasury Note | 2.2500 | 11/15/24 | 649,198 | ||||||||
895,000 | United States Treasury Note | 2.0000 | 08/15/25 | 868,045 | ||||||||
1,517,243 | ||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,547,091) | 5,160,714 | |||||||||||
TOTAL INVESTMENTS - 99.9% (Cost $19,986,224) | $ 19,880,972 | |||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.1% | 25,761 | |||||||||||
NET ASSETS - 100.0% | $ 19,906,733 | |||||||||||
ETF | - Exchange-Traded Fund |
LP | - Limited Partnership |
LTD | - Limited Company |
REIT | - Real Estate Investment Trust |
(a) | Affiliated Company. |
(b) | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of June 30, 2022 the total market value of 144A securities is 113,756 or 0.6% of net assets. |
(c) | Rate disclosed is the seven day effective yield as of June 30, 2022. |