Schedule of Portfolio Investments | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Common Stocks (99.6%) | ||||||||
Communication Services (1.9%): | ||||||||
Advantage Solutions, Inc.(a) | 17,775 | 37,861 | ||||||
Boston Omaha Corp., Class A(a) | 4,531 | 104,394 | ||||||
Cars.com, Inc.(a) | 8,041 | 92,471 | ||||||
EchoStar Corp., Class A(a) | 5,176 | 85,249 | ||||||
Gray Television, Inc. | 6,369 | 91,204 | ||||||
IDT Corp., Class B(a) | 2,665 | 66,172 | ||||||
PubMatic, Inc.(a) | 2,681 | 44,585 | ||||||
Sciplay Corp., Class A(a) | 8,200 | 96,432 | ||||||
Shenandoah Telecommunication Co. | 6,593 | 112,213 | ||||||
The EW Scripps Co., Class A(a) | 7,428 | 83,714 | ||||||
Thryv Holdings, Inc.(a) | 3,797 | 86,685 | ||||||
US Cellular Corp.(a) | 5,372 | 139,833 | ||||||
1,040,813 | ||||||||
Consumer Discretionary (12.4%): | ||||||||
1-800-Flowers.com, Inc., Class A(a) | 6,470 | 41,990 | ||||||
Aaron S Co., Inc. The | 4,794 | 46,598 | ||||||
Academy Sports Outdoors, Inc. | 2,672 | 112,705 | ||||||
American Axle & Manufacturing Holdings, Inc.(a) | 14,167 | 96,761 | ||||||
Arko Corp. | 13,272 | 124,624 | ||||||
Big Lots, Inc. | 2,731 | 42,631 | ||||||
Bloomin’ Brands, Inc. | 4,883 | 89,505 | ||||||
Boot Barn Holdings, Inc.(a) | 1,107 | 64,715 | ||||||
Brinker International, Inc.(a) | 2,873 | 71,768 | ||||||
Caleres, Inc. | 4,657 | 112,793 | ||||||
Camping World Holdings, Inc., Class A | 4,133 | 104,648 | ||||||
Carriage Services, Inc. | 2,958 | 95,129 | ||||||
Cavco Industries, Inc.(a) | 563 | 115,843 | ||||||
Century Communities, Inc. | 2,479 | 106,052 | ||||||
Cheesecake Factory, Inc. | 3,027 | 88,631 | ||||||
Chuy’s Holdings, Inc.(a) | 4,201 | 97,379 | ||||||
Clarus Corp. | 6,443 | 86,787 | ||||||
Dana, Inc. | 6,606 | 75,507 | ||||||
Dave & Buster’s Entertainment, Inc.(a) | 2,051 | 63,643 | ||||||
Denny’s Corp.(a) | 9,390 | 88,360 | ||||||
Dine Brands Global, Inc. | 1,468 | 93,306 | ||||||
Dorman Products, Inc.(a) | 1,847 | 151,676 | ||||||
Dream Finders Homes, Inc., Class A(a) | 6,015 | 63,759 | ||||||
Ethan Allen Interiors, Inc. | 5,430 | 114,790 | ||||||
Fossil Group, Inc.(a) | 6,755 | 23,102 | ||||||
Franchise Group, Inc. | 2,895 | 70,348 | ||||||
Frontdoor, Inc.(a) | 4,512 | 92,000 | ||||||
Funko, Inc., Class A(a) | 5,624 | 113,717 | ||||||
Genesco, Inc.(a) | 1,521 | 59,806 | ||||||
Gentherm, Inc.(a) | 1,563 | 77,728 | ||||||
G-III Apparel Group Ltd.(a) | 3,954 | 59,112 | ||||||
GoPro, Inc., Class A(a) | 15,158 | 74,729 | ||||||
Graham Holdings Co., Class B | 321 | 172,692 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Consumer Discretionary (12.4%): (continued) | ||||||
Green Brick Partners, Inc.(a) | 5,725 | 122,400 | ||||
Groupon, Inc.(a) | 3,465 | 27,581 | ||||
Guess?, Inc. | 3,996 | 58,621 | ||||
iRobot Corp.(a) | 1,734 | 97,676 | ||||
Jack In The Box, Inc. | 1,848 | 136,881 | ||||
Johnson Outdoors, Inc., Class A | 2,240 | 114,934 | ||||
Kontoor Brands, Inc. | 2,791 | 93,806 | ||||
La Z Boy, Inc. | 4,789 | 108,088 | ||||
M/I Homes, Inc.(a) | 3,084 | 111,733 | ||||
Malibu Boats, Inc.(a) | 2,352 | 112,872 | ||||
MarineMax, Inc.(a) | 2,907 | 86,600 | ||||
Monro, Inc. | 2,971 | 129,120 | ||||
Movado Group, Inc. | 2,852 | 80,369 | ||||
National Vision Holdings, Inc.(a) | 3,006 | 98,146 | ||||
Ollie’s Bargain Outlet Holdings, Inc.(a) | 1,914 | 98,762 | ||||
OneWater Marine, Inc.(a) | 3,150 | 94,846 | ||||
Oxford Industries, Inc. | 1,497 | 134,401 | ||||
Patrick Industries, Inc. | 2,192 | 96,097 | ||||
Perdoceo Education Corp.(a) | 15,601 | 160,690 | ||||
Qurate Retail, Inc. | 18,144 | 36,469 | ||||
Rent-A-Center, Inc. | 3,905 | 68,377 | ||||
Ruth’s Hospitality Group, Inc. | 5,537 | 93,354 | ||||
Sally Beauty Holdings, Inc.(a) | 6,648 | 83,765 | ||||
Shoe Carnival, Inc. | 3,330 | 71,395 | ||||
Smith & Wesson Brands, Inc. | 6,417 | 66,544 | ||||
Sonic Automotive, Inc., Class A | 2,914 | 126,176 | ||||
Standard Motor Products | 4,575 | 148,687 | ||||
Strategic Education, Inc. | 1,680 | 103,169 | ||||
Stride, Inc.(a) | 3,085 | 129,663 | ||||
Sturm Ruger & Co. | 2,443 | 124,080 | ||||
The Buckle, Inc. | 3,312 | 104,858 | ||||
The Children’s Place, Inc.(a) | 1,628 | 50,289 | ||||
Tri Pointe Group, Inc.(a) | 7,404 | 111,874 | ||||
Tupperware Corp.(a) | 4,667 | 30,569 | ||||
Vista Outdoor, Inc.(a) | 3,543 | 86,166 | ||||
Winmark Corp. | 723 | 156,414 | ||||
Winnebago Industries, Inc. | 2,128 | 113,231 | ||||
Wolverine World Wide, Inc. | 6,056 | 93,202 | ||||
XPEL, Inc.(a) | 1,975 | 127,269 | ||||
Zumiez, Inc.(a) | 2,587 | 55,698 | ||||
6,837,706 | ||||||
Consumer Staples (6.1%): | ||||||
B&G Foods, Inc. | 6,879 | 113,435 | ||||
BellRing Brands, Inc.(a) | 4,411 | 90,911 | ||||
Central Garden And Pet Co., Class A(a) | 4,362 | 149,006 | ||||
Edgewell Personal Care Co. | 3,767 | 140,886 | ||||
elf Beauty, Inc.(a) | 5,497 | 206,797 | ||||
Energizer Holdings, Inc. | 6,748 | 169,645 | ||||
Fresh Del Monte Produce, Inc. | 6,085 | 141,415 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Consumer Staples (6.1%): (continued) | ||||||
Grocery Outlet Holding Corp.(a) | 3,605 | 120,011 | ||||
Hostess Brands, Inc.(a) | 9,601 | 223,127 | ||||
Ingles Markets, Inc. | 1,756 | 139,093 | ||||
Inter Parfums, Inc. | 1,817 | 137,111 | ||||
John B. Sanfilippo & Son, Inc. | 3,184 | 241,124 | ||||
Medifast, Inc. | 687 | 74,443 | ||||
Mission Produce, Inc.(a) | 11,246 | 162,617 | ||||
Nu Skin Enterprises, Inc., Class A | 2,727 | 91,000 | ||||
PriceSmart, Inc. | 2,116 | 121,860 | ||||
SpartanNash Co. | 4,969 | 144,200 | ||||
The Andersons, Inc. | 2,745 | 85,177 | ||||
Tootsie Roll Industries, Inc. | 5,295 | 176,218 | ||||
United Natural Foods, Inc.(a) | 2,327 | 79,979 | ||||
Usana Health Sciences, Inc.(a) | 2,395 | 134,240 | ||||
Utz Brands, Inc. | 8,442 | 127,474 | ||||
WD-40 Co. | 874 | 153,597 | ||||
Weis Markets, Inc. | 2,313 | 164,778 | ||||
3,388,144 | ||||||
Energy (2.3%): | ||||||
Arch Resources, Inc. | 693 | 82,190 | ||||
Archrock, Inc. | 14,359 | 92,185 | ||||
Brigham Minerals, Inc. | 4,762 | 117,479 | ||||
Chord Energy Corp. | 877 | 119,947 | ||||
CONSOL Energy, Inc. | 1,800 | 115,776 | ||||
Core Laboratories N.V. | 2,775 | 37,407 | ||||
CVR Energy, Inc. | 3,304 | 95,750 | ||||
Gulfport Energy Corp.(a) | 1,430 | 126,255 | ||||
Laredo Petroleum, Inc.(a) | 731 | 45,943 | ||||
Noble Corp. PLC(a) | 3,188 | 94,301 | ||||
PBF Energy, Inc.(a) | 2,396 | 84,243 | ||||
Peabody Energy Corp.(a) | 1,797 | 44,601 | ||||
Permian Resources Corp.(a) | 8,482 | 57,678 | ||||
RPC, Inc. | 6,703 | 46,452 | ||||
World Fuel Services Corp. | 5,133 | 120,317 | ||||
1,280,524 | ||||||
Financials (26.0%): | ||||||
1st Source Corp. | 4,391 | 203,303 | ||||
Amerant BanCorp, Inc. | 5,332 | 132,447 | ||||
Amerisafe, Inc. | 3,609 | 168,649 | ||||
AssetMark Financial Holdings, Inc.(a) | 8,936 | 163,439 | ||||
B Riley Financial, Inc. | 1,924 | 85,656 | ||||
Banc of California, Inc. | 8,188 | 130,762 | ||||
Bancfirst Corp. | 2,721 | 243,448 | ||||
Banner Corp. | 3,026 | 178,776 | ||||
Berkshire Hills BanCorp, Inc. | 6,167 | 168,359 | ||||
BGC Partners, Inc., Class A | 37,828 | 118,780 | ||||
Brightsphere Investment Group, Inc. | 6,763 | 100,836 | ||||
Brookline BanCorp, Inc. | 13,838 | 161,213 | ||||
Capitol Federal Financial, Inc. | 23,926 | 198,586 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Financials (26.0%): (continued) | ||||||
City Holding Co. | 3,051 | 270,593 | ||||
CNO Financial Group, Inc. | 7,317 | 131,486 | ||||
Columbia Banking System, Inc. | 4,611 | 133,212 | ||||
Columbia Financial, Inc.(a) | 10,929 | 230,930 | ||||
ConnectOne BanCorp, Inc. | 5,983 | 137,968 | ||||
Customers BanCorp, Inc.(a) | 2,015 | 59,402 | ||||
Dime Community Bancshares, Inc. | 5,841 | 171,024 | ||||
Donnelley Financial Solutions, Inc.(a) | 3,596 | 132,944 | ||||
Employers Holdings, Inc. | 5,316 | 183,349 | ||||
Encore Capital Group, Inc.(a) | 2,996 | 136,258 | ||||
Enova International, Inc.(a) | 3,039 | 88,952 | ||||
Enterprise Financial Services Corp. | 4,504 | 198,356 | ||||
FB Financial Corp. | 4,332 | 165,526 | ||||
Federal Agricultural Mortgage Corp., Class C | 1,645 | 163,085 | ||||
First BanCorp. | 10,576 | 144,680 | ||||
First BanCorp. | 4,211 | 154,038 | ||||
First Busey Corp. | 7,388 | 162,388 | ||||
First Commonwealth Financial Corp. | 12,761 | 163,851 | ||||
First Financial BanCorp. | 8,075 | 170,221 | ||||
First Foundation, Inc. | 7,126 | 129,266 | ||||
First Merchants Corp. | 4,645 | 179,669 | ||||
FirstCash Holdings, Inc. | 2,065 | 151,468 | ||||
Fulton Financial Corp. | 11,434 | 180,657 | ||||
Genworth Financial, Inc.(a) | 35,371 | 123,799 | ||||
German American BanCorp, Inc. | 4,772 | 170,408 | ||||
Green Dot Corp., Class A(a) | 4,530 | 85,979 | ||||
Heartland Financial USA, Inc. | 3,984 | 172,746 | ||||
Hilltop Holdings, Inc. | 6,396 | 158,941 | ||||
Hope BanCorp, Inc. | 10,808 | 136,613 | ||||
Horace Mann Educators | 5,435 | 191,801 | ||||
International Bancshares Corp. | 4,186 | 177,905 | ||||
Lakeland BanCorp, Inc. | 12,577 | 201,358 | ||||
Lakeland Financial Corp. | 2,436 | 177,365 | ||||
Lendingclub Corp.(a) | 3,488 | 38,542 | ||||
Lendingtree, Inc.(a) | 825 | 19,685 | ||||
Live Oak Bancshares, Inc. | 2,112 | 64,627 | ||||
Merchants BanCorp | 6,318 | 145,756 | ||||
Meta Financial Group, Inc. | 2,916 | 96,111 | ||||
Metropolitan Bank Holding Corp.(a) | 1,388 | 89,332 | ||||
National Bank Holdings Corp., Class A | 4,718 | 174,519 | ||||
Navient Corp. | 7,776 | 114,229 | ||||
NBT BanCorp, Inc. | 5,843 | 221,742 | ||||
Nicolet Bankshares, Inc.(a) | 2,425 | 170,817 | ||||
NMI Holdings, Inc.(a) | 7,316 | 149,027 | ||||
Northwest Bancshares, Inc. | 17,760 | 239,938 | ||||
Oceanfirst Financial Corp. | 9,917 | 184,853 | ||||
OFG BanCorp | 5,975 | 150,152 | ||||
Open Lending Corp.(a) | 4,747 | 38,166 | ||||
Origin BanCorp, Inc. | 4,911 | 188,926 | ||||
Palomar Holdings, Inc.(a) | 1,804 | 151,031 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Financials (26.0%): (continued) | ||||||
Park National Corp. | 1,514 | 188,463 | ||||
Piper Sandler Cos. | 1,228 | 128,621 | ||||
PJT Partners, Inc., Class A | 2,558 | 170,926 | ||||
PRA Group, Inc.(a) | 4,550 | 149,513 | ||||
Preferred Bank | 2,683 | 175,012 | ||||
Premier Financial Corp. | 5,825 | 149,703 | ||||
ProAssurance Corp. | 6,795 | 132,570 | ||||
PROG Holdings, Inc.(a) | 3,865 | 57,898 | ||||
Provident Financial Services, Inc. | 10,173 | 198,374 | ||||
Renasant Corp. | 5,594 | 174,980 | ||||
S&T BanCorp, Inc. | 6,466 | 189,518 | ||||
Safety Insurance Group, Inc. | 2,854 | 232,772 | ||||
Sandy Spring BanCorp, Inc. | 4,045 | 142,627 | ||||
Seacoast Banking Corp. | 4,688 | 141,718 | ||||
SiriusPoint, Ltd.(a) | 28,005 | 138,625 | ||||
Southside Bancshares, Inc. | 5,172 | 182,882 | ||||
Stewart Information Services | 3,436 | 149,947 | ||||
Stock Yards BanCorp, Inc. | 3,386 | 230,282 | ||||
StoneX Group, Inc.(a) | 1,993 | 165,299 | ||||
The BanCorp, Inc.(a) | 4,063 | 89,305 | ||||
Tompkins Financial Corp. | 2,568 | 186,488 | ||||
Towne Bank | 6,791 | 182,203 | ||||
TriCo Bancshares | 5,063 | 226,063 | ||||
Triumph BanCorp, Inc.(a) | 1,427 | 77,557 | ||||
Trustmark Corp. | 5,895 | 180,564 | ||||
Veritex Holdings, Inc. | 4,365 | 116,065 | ||||
Virtus Investment Partners, Inc. | 655 | 104,486 | ||||
Washington Federal, Inc. | 6,480 | 194,270 | ||||
WesBanco, Inc. | 5,010 | 167,184 | ||||
Westamerica BanCorp. | 3,807 | 199,068 | ||||
World Acceptance Corp.(a) | 427 | 41,342 | ||||
14,392,270 | ||||||
Health Care (9.6%): | ||||||
AdaptHealth Corp.(a) | 6,428 | 120,718 | ||||
Addus Homecare Corp.(a) | 1,317 | 125,431 | ||||
Agiliti, Inc.(a) | 4,727 | 67,643 | ||||
Allscripts Healthcare Solutions, Inc.(a) | 6,536 | 99,543 | ||||
AnaptysBio, Inc.(a) | 3,932 | 100,305 | ||||
Apollo Medical Holdings, Inc.(a) | 1,317 | 51,363 | ||||
Arcus Biosciences, Inc.(a) | 2,334 | 61,057 | ||||
Atrion Corp. | 207 | 116,955 | ||||
Avanos Medical, Inc.(a) | 4,074 | 88,732 | ||||
Aveanna Healthcare Holdings, Inc.(a) | 25,097 | 37,646 | ||||
Avid Bioservices, Inc.(a) | 4,483 | 85,715 | ||||
Bioventus, Inc.(a) | 8,344 | 58,408 | ||||
Catalyst Pharmaceuticals, Inc.(a) | 12,525 | 160,696 | ||||
Collegium Pharmaceutical, Inc.(a) | 5,384 | 86,252 | ||||
Community Health Systems, Inc.(a) | 7,483 | 16,088 | ||||
Corcept Therapeutics, Inc.(a) | 4,044 | 103,688 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Health Care (9.6%): (continued) | ||||||
CorVel Corp.(a) | 843 | 116,697 | ||||
Cross Country Healthcare, Inc.(a) | 3,715 | 105,395 | ||||
Cutera, Inc.(a) | 1,509 | 68,810 | ||||
Dynavax Technologies Corp.(a) | 6,175 | 64,467 | ||||
Emergent Biosolutions, Inc.(a) | 1,880 | 39,461 | ||||
Fulgent Genetics, Inc.(a) | 1,383 | 52,720 | ||||
Haemonetics Corp.(a) | 1,789 | 132,440 | ||||
Hanger, Inc.(a) | 7,377 | 138,097 | ||||
Harmony Biosciences Holdings, Inc.(a) | 2,013 | 89,156 | ||||
Innovage Holding Corp.(a) | 9,893 | 58,171 | ||||
Innoviva, Inc.(a) | 6,875 | 79,819 | ||||
Integer Holdings Corp.(a) | 2,130 | 132,550 | ||||
Ironwood Pharmaceuticals, Inc.(a) | 14,116 | 146,242 | ||||
iTeos Therapeutics, Inc.(a) | 2,918 | 55,588 | ||||
Lemaitre Vascular, Inc. | 3,354 | 169,981 | ||||
Ligand Pharmaceuticals, Inc.(a) | 892 | 76,810 | ||||
Mesa Laboratories, Inc. | 743 | 104,637 | ||||
Multiplan Corp.(a) | 12,564 | 35,933 | ||||
National Healthcare Corp. | 2,716 | 172,031 | ||||
National Research Corp. | 3,919 | 155,976 | ||||
Nextgen Healthcare, Inc.(a) | 8,230 | 145,671 | ||||
OptimizeRx Corp.(a) | 2,113 | 31,315 | ||||
Organogenesis Holdings, Inc.(a) | 9,612 | 31,143 | ||||
Pacira BioSciences, Inc.(a) | 1,810 | 96,274 | ||||
Patterson Cos., Inc. | 5,506 | 132,254 | ||||
Pediatrix Medical Group, Inc.(a) | 6,407 | 105,780 | ||||
Phibro Animal Health Corp., Class A | 7,848 | 104,300 | ||||
Prestige Consumer Healthcare, Inc.(a) | 3,562 | 177,494 | ||||
Prothena Corp. PLC(a) | 2,169 | 131,506 | ||||
RadNet, Inc.(a) | 4,948 | 100,692 | ||||
Regenxbio, Inc.(a) | 2,264 | 59,838 | ||||
Simulations Plus, Inc. | 2,294 | 111,351 | ||||
Supernus Pharmaceuticals, Inc.(a) | 4,183 | 141,595 | ||||
Syndax Pharmaceuticals, Inc.(a) | 5,212 | 125,244 | ||||
U.S. Physical Therapy, Inc. | 1,310 | 99,586 | ||||
UniQure N.V.(a) | 4,474 | 83,932 | ||||
Varex Imaging Corp.(a) | 6,823 | 144,238 | ||||
Xencor, Inc.(a) | 4,628 | 120,235 | ||||
5,317,669 | ||||||
Industrials (23.1%): | ||||||
AAR Corp.(a) | 3,026 | 108,391 | ||||
ACCO Brands Corp. | 19,456 | 95,334 | ||||
AerSale Corp.(a) | 6,247 | 115,819 | ||||
Air Transport Services Group(a) | 5,677 | 136,759 | ||||
Alamo Group, Inc. | 1,536 | 187,807 | ||||
Albany International Corp. | 2,125 | 167,514 | ||||
Altra Industrial Motion Corp. | 4,011 | 134,850 | ||||
ArcBest Corp. | 1,394 | 101,386 | ||||
Arcosa, Inc. | 2,729 | 156,044 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Industrials (23.1%): (continued) | ||||||
Astec Industries, Inc. | 3,361 | 104,830 | ||||
Atlas Air Worldwide Holdings, Inc.(a) | 2,416 | 230,897 | ||||
AZZ, Inc. | 4,800 | 175,248 | ||||
Barnes Group, Inc. | 4,992 | 144,169 | ||||
Bluelinx Holdings, Inc.(a) | 1,121 | 69,614 | ||||
Brady Corp. | 4,764 | 198,802 | ||||
BrightView Holdings, Inc.(a) | 11,047 | 87,713 | ||||
CBIZ, Inc.(a) | 5,148 | 220,231 | ||||
Columbus McKinnon Corp. | 4,122 | 107,832 | ||||
Construction Partners, Inc., Class A(a) | 5,065 | 132,855 | ||||
CRA International, Inc. | 1,588 | 140,919 | ||||
CSW Industrials, Inc. | 1,731 | 207,374 | ||||
Daseke, Inc.(a) | 16,278 | 88,064 | ||||
Deluxe Corp. | 4,878 | 81,219 | ||||
Douglas Dynamics, Inc. | 5,032 | 140,997 | ||||
Dycom Industries, Inc.(a) | 1,157 | 110,528 | ||||
Eagle Bulk Shipping, Inc. | 1,347 | 58,163 | ||||
Encore Wire Corp. | 1,031 | 119,122 | ||||
Energy Recovery, Inc.(a) | 7,114 | 154,658 | ||||
Enerpac Tool Group Corp. | 7,769 | 138,521 | ||||
EnPro Industries, Inc. | 1,635 | 138,942 | ||||
ESCO Technologies, Inc. | 2,957 | 217,162 | ||||
Federal Signal Corp. | 6,051 | 225,823 | ||||
Forrester Research, Inc.(a) | 3,247 | 116,924 | ||||
Forward Air Corp. | 1,790 | 161,565 | ||||
Franklin Covey Co.(a) | 3,404 | 154,508 | ||||
Genco Shipping Trading, Ltd. | 4,143 | 51,912 | ||||
Gibraltar Industries, Inc.(a) | 3,438 | 140,717 | ||||
Global Industrial Co. | 4,953 | 132,889 | ||||
GMS, Inc.(a) | 2,415 | 96,624 | ||||
Gorman-Rupp Co. | 5,317 | 126,491 | ||||
GrafTech International, Ltd. | 10,915 | 47,044 | ||||
Granite Construction, Inc. | 4,688 | 119,028 | ||||
Great Lakes Dredge & Dock Corp.(a) | 14,212 | 107,727 | ||||
Griffon Corp. | 8,589 | 253,547 | ||||
H&E Equipment Services, Inc. | 2,923 | 82,838 | ||||
Healthcare Services Group | 7,707 | 93,178 | ||||
Heartland Express, Inc. | 19,036 | 272,405 | ||||
Heidrick & Struggles International, Inc. | 4,156 | 108,014 | ||||
Helios Technologies, Inc. | 1,720 | 87,032 | ||||
Heritage-Crystal Clean, Inc.(a) | 5,880 | 173,872 | ||||
HNI Corp. | 4,566 | 121,045 | ||||
Huron Consulting Group, Inc.(a) | 3,123 | 206,899 | ||||
Hydrofarm Holdings Group, Inc.(a) | 5,280 | 10,243 | ||||
ICF International, Inc. | 2,092 | 228,070 | ||||
IES Holdings, Inc.(a) | 3,839 | 106,033 | ||||
Insteel Industries, Inc. | 3,929 | 104,236 | ||||
Interface, Inc. | 9,722 | 87,401 | ||||
Janus International Group, Inc.(a) | 11,774 | 105,024 | ||||
Jeld-Wen Holding, Inc.(a) | 6,168 | 53,970 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Industrials (23.1%): (continued) | ||||||
Kadant, Inc. | 863 | 143,957 | ||||
Kaman Corp. | 3,656 | 102,112 | ||||
KAR Auction Services, Inc.(a) | 4,601 | 51,393 | ||||
Kelly Services, Inc., Class A | 5,357 | 72,802 | ||||
Kennametal, Inc. | 5,725 | 117,821 | ||||
Kforce, Inc. | 2,008 | 117,769 | ||||
Lindsay Corp. | 1,132 | 162,193 | ||||
Marten Transport Ltd. | 11,736 | 224,862 | ||||
Maxar Technologies, Inc. | 2,188 | 40,959 | ||||
McGrath Rentcorp | 2,321 | 194,639 | ||||
Moog, Inc., Class A | 2,029 | 142,740 | ||||
Mueller Water Products, Inc., Class A | 13,515 | 138,799 | ||||
MYR Group, Inc.(a) | 1,706 | 144,549 | ||||
NOW, Inc.(a) | 9,783 | 98,319 | ||||
NV5 Global, Inc.(a) | 1,030 | 127,535 | ||||
Omega Flex, Inc. | 1,131 | 104,753 | ||||
Pam Transportation Services, Inc.(a) | 3,486 | 107,927 | ||||
PGT Innovations, Inc.(a) | 8,995 | 188,535 | ||||
Pitney Bowes, Inc. | 22,296 | 51,950 | ||||
Primoris Services Corp. | 4,754 | 77,253 | ||||
Proto Labs, Inc.(a) | 2,032 | 74,026 | ||||
Quanex Building Products Corp. | 8,135 | 147,732 | ||||
REV Group, Inc. | 8,029 | 88,560 | ||||
Rush Enterprises, Inc., Class A | 3,891 | 170,659 | ||||
Shoals Technologies Group, Inc.(a) | 5,167 | 111,349 | ||||
SkyWest, Inc.(a) | 3,232 | 52,552 | ||||
SP Plus Corp.(a) | 4,681 | 146,609 | ||||
SPX Technologies, Inc.(a) | 3,681 | 203,265 | ||||
Standex International Corp. | 2,223 | 181,508 | ||||
Sterling Construction Co., Inc.(a) | 4,985 | 107,028 | ||||
Sun Country Airlines Holdings, Inc.(a) | 3,933 | 53,528 | ||||
Tennant Co. | 3,094 | 174,997 | ||||
Terex Corp. | 3,671 | 109,176 | ||||
The Greenbrier Cos., Inc. | 3,167 | 76,863 | ||||
The Shyft Group, Inc. | 3,493 | 71,362 | ||||
Titan International, Inc.(a) | 6,369 | 77,320 | ||||
Trinity Industries, Inc. | 5,397 | 115,226 | ||||
TrueBlue, Inc.(a) | 4,874 | 92,996 | ||||
Veritiv Corp.(a) | 591 | 57,782 | ||||
Wabash National Corp. | 10,308 | 160,392 | ||||
Werner Enterprises, Inc. | 5,814 | 218,606 | ||||
12,749,226 | ||||||
Information Technology (10.6%): | ||||||
3D Systems Corp.(a) | 5,206 | 41,544 | ||||
A10 Networks, Inc. | 6,131 | 81,358 | ||||
ACM Research, Inc., Class A(a) | 3,672 | 45,753 | ||||
Alpha & Omega Semiconductor, Ltd.(a) | 1,585 | 48,755 | ||||
American Software, Inc., Class A | 6,544 | 100,254 | ||||
Avid Technology, Inc.(a) | 2,439 | 56,731 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Information Technology (10.6%): (continued) | ||||||
Axcelis Technologies, Inc.(a) | 1,454 | 88,054 | ||||
Badger Meter, Inc. | 1,749 | 161,590 | ||||
Belden, Inc. | 3,035 | 182,161 | ||||
Benchmark Electronics, Inc. | 7,522 | 186,395 | ||||
Cambium Networks Corp.(a) | 3,526 | 59,660 | ||||
Cerence, Inc.(a) | 2,190 | 34,492 | ||||
CEVA, Inc.(a) | 3,117 | 81,759 | ||||
Clearfield, Inc.(a) | 1,279 | 133,835 | ||||
Cohu, Inc.(a) | 3,736 | 96,314 | ||||
CommVault Systems, Inc.(a) | 2,168 | 114,991 | ||||
Corsair Gaming, Inc.(a) | 5,572 | 63,242 | ||||
CSG Systems International, Inc. | 3,872 | 204,751 | ||||
Digi International, Inc.(a) | 7,729 | 267,192 | ||||
Ebix, Inc. | 2,036 | 38,623 | ||||
eplus, Inc.(a) | 2,726 | 113,238 | ||||
EVERTEC, Inc. | 4,525 | 141,859 | ||||
Extreme Networks, Inc.(a) | 8,713 | 113,879 | ||||
Harmonic, Inc.(a) | 11,943 | 156,095 | ||||
Ichor Holding Ltd.(a) | 3,039 | 73,574 | ||||
InterDigital, Inc. | 3,202 | 129,425 | ||||
Knowles Corp.(a) | 14,226 | 173,130 | ||||
Methode Electronics, Inc. | 4,065 | 151,015 | ||||
Mitek Systems, Inc.(a) | 9,442 | 86,489 | ||||
N-able, Inc.(a) | 10,196 | 94,109 | ||||
Napco Security Technologies Inc.(a) | 6,689 | 194,516 | ||||
NETGEAR, Inc.(a) | 7,194 | 144,168 | ||||
NetScout Systems, Inc.(a) | 5,199 | 162,833 | ||||
OSI Systems, Inc.(a) | 3,104 | 223,674 | ||||
Paymentus Holdings, Inc.(a) | 3,824 | 37,169 | ||||
PC Connection, Inc. | 2,928 | 132,024 | ||||
Photronics, Inc.(a) | 7,056 | 103,159 | ||||
Plexus Corp.(a) | 2,270 | 198,761 | ||||
Progress Software Corp. | 3,537 | 150,499 | ||||
Rambus, Inc.(a) | 5,723 | 145,479 | ||||
Riot Blockchain, Inc.(a) | 3,197 | 22,411 | ||||
ScanSource, Inc.(a) | 3,847 | 101,599 | ||||
Super Micro Computer, Inc.(a) | 3,485 | 191,919 | ||||
TTM Technologies(a) | 12,550 | 165,409 | ||||
Ultra Clean Holdings, Inc.(a) | 2,325 | 59,869 | ||||
Veeco Instruments, Inc.(a) | 4,912 | 89,988 | ||||
Verra Mobility Corp.(a) | 10,566 | 162,399 | ||||
Vishay Intertechnology, Inc. | 9,725 | 173,008 | ||||
Vizio Holding Corp.(a) | 10,410 | 90,983 | ||||
5,870,134 | ||||||
Materials (4.6%): | ||||||
AdvanSix, Inc. | 2,200 | 70,620 | ||||
Chase Corp. | 2,242 | 187,364 | ||||
Greif, Inc., Class A | 2,601 | 154,942 | ||||
Hawkins, Inc. | 3,377 | 131,669 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Small Cap Core ETF |
(Unaudited) |
Materials (4.6%): (continued) | ||||||
Ingevity Corp.(a) | 2,348 | 142,359 | ||||
Innospec, Inc. | 2,033 | 174,167 | ||||
Intrepid Potash, Inc.(a) | 607 | 24,019 | ||||
Kronos Worldwide, Inc. | 10,991 | 102,656 | ||||
Materion Corp. | 1,826 | 146,080 | ||||
Minerals Technologies, Inc. | 2,864 | 141,510 | ||||
O-I Glass, Inc.(a) | 9,074 | 117,508 | ||||
Origin Materials, Inc.(a) | 12,491 | 64,454 | ||||
Orion Engineered Carbons SA | 9,013 | 120,324 | ||||
Pactiv Evergreen, Inc. | 12,004 | 104,795 | ||||
Ramaco Resources, Inc. | 3,599 | 33,111 | ||||
Ryerson Holding Corp. | 2,558 | 65,843 | ||||
Schnitzer Steel Industries, Inc. | 1,950 | 55,497 | ||||
Stepan Co. | 2,257 | 211,413 | ||||
SunCoke Energy, Inc. | 12,166 | 70,685 | ||||
TimkenSteel Corp.(a) | 4,032 | 60,440 | ||||
TriMas Corp. | 5,463 | 136,957 | ||||
Trinseo PLC | 2,417 | 44,279 | ||||
Warrior Met Coal, Inc. | 2,595 | 73,802 | ||||
Worthington Industries, Inc. | 2,653 | 101,185 | ||||
2,535,679 | ||||||
Real Estate (0.6%): | ||||||
Forestar Group, Inc.(a) | 9,248 | 103,485 | ||||
Marcus & Millichap, Inc. | 3,145 | 103,093 | ||||
The RMR Group, Inc., Class A | 5,984 | 141,761 | ||||
348,339 | ||||||
Utilities (2.4%): | ||||||
Chesapeake Utilities Corp. | 1,691 | 195,124 | ||||
MGE Energy, Inc. | 3,010 | 197,546 | ||||
Middlesex Water Co. | 1,896 | 146,371 | ||||
Northwest Natural Holding Co. | 4,159 | 180,417 | ||||
Otter Tail Corp. | 3,390 | 208,553 | ||||
SJW Group | 3,656 | 210,586 | ||||
Unitil Corp. | 3,879 | 180,180 | ||||
1,318,777 | ||||||
Total Common Stocks (Cost $62,491,558) | 55,079,281 | |||||
Total Investments (Cost $62,491,558) — 99.6% | 55,079,281 | |||||
Other assets in excess of liabilities — 0.4% | 236,533 | |||||
NET ASSETS - 100.00% | 55,315,814 |
Percentages indicated are based on net assets as of September 30, 2022.
(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) | 12/16/22 | 3 | $ | 250,470 | $ | (22,157) | ||||||||||
|
| |||||||||||||||
$ | (22,157) | |||||||||||||||
|
|
Schedule of Portfolio Investments
| ||
September 30, 2022 | ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||
Common Stocks (99.6%) | ||||||
Communication Services (1.0%): | ||||||
| ||||||
Liberty Media Corp-Liberty Formula One, Class C(a) | 10,726 | 627,471 | ||||
| ||||||
Lumen Technologies, Inc. | 38,306 | 278,868 | ||||
| ||||||
News Corp., Class A | 29,509 | 445,881 | ||||
| ||||||
ZoomInfo Technologies, Inc.(a) | 5,585 | 232,671 | ||||
| ||||||
1,584,891 | ||||||
Consumer Discretionary (7.9%): | ||||||
| ||||||
Aptiv PLC(a) | 4,182 | 327,074 | ||||
| ||||||
AutoZone, Inc.(a) | 329 | 704,695 | ||||
| ||||||
Bath & Body Works, Inc. | 9,034 | 294,508 | ||||
| ||||||
Booking Holdings, Inc.(a) | 210 | 345,074 | ||||
| ||||||
Burlington Stores, Inc.(a) | 2,025 | 226,577 | ||||
| ||||||
CarMax, Inc.(a) | 4,921 | 324,884 | ||||
| ||||||
Chewy, Inc., Class A(a) | 5,926 | 182,047 | ||||
| ||||||
Chipotle Mexican Grill, Inc.(a) | 327 | 491,403 | ||||
| ||||||
Dollar General Corp. | 3,120 | 748,363 | ||||
| ||||||
Dollar Tree, Inc.(a) | 2,686 | 365,565 | ||||
| ||||||
Domino’s Pizza, Inc. | 1,387 | 430,247 | ||||
| ||||||
DR Horton, Inc. | 7,209 | 485,526 | ||||
| ||||||
Garmin Ltd. | 5,847 | 469,573 | ||||
| ||||||
Genuine Parts Co. | 5,947 | 888,006 | ||||
| ||||||
Lennar Corp. | 6,641 | 495,087 | ||||
| ||||||
LKQ Corp. | 11,768 | 554,861 | ||||
| ||||||
Lowe’s Cos., Inc. | 3,162 | 593,855 | ||||
| ||||||
NVR, Inc.(a) | 146 | 582,114 | ||||
| ||||||
O’Reilly Automotive, Inc.(a) | 1,080 | 759,618 | ||||
| ||||||
Pool Corp. | 1,345 | 427,992 | ||||
| ||||||
Pultegroup, Inc. | 11,933 | 447,488 | ||||
| ||||||
Ross Stores, Inc. | 5,669 | 477,727 | ||||
| ||||||
Tapestry, Inc. | 12,201 | 346,874 | ||||
| ||||||
Tesla, Inc.(a) | 912 | 241,908 | ||||
| ||||||
Tractor Supply Co. | 2,844 | 528,643 | ||||
| ||||||
Vail Resorts, Inc. | 2,198 | 473,977 | ||||
| ||||||
12,213,686 | ||||||
Consumer Staples (4.1%): | ||||||
| ||||||
Bunge, Ltd. | 5,931 | 489,723 | ||||
| ||||||
Campbell Soup Co. | 18,235 | 859,233 | ||||
| ||||||
Costco Wholesale Corp. | 1,383 | 653,149 | ||||
| ||||||
Darling Ingredients, Inc.(a) | 6,306 | 417,142 | ||||
| ||||||
Hormel Foods Corp. | 17,401 | 790,701 | ||||
| ||||||
McCormick & Co., Inc. | 8,524 | 607,506 | ||||
| ||||||
Monster Beverage Corp.(a) | 7,910 | 687,854 | ||||
| ||||||
Sysco Corp. | 7,417 | 524,456 | ||||
| ||||||
The JM Smucker Co. | 5,907 | 811,681 | ||||
| ||||||
Tyson Foods, Inc., Class A | 7,437 | 490,321 | ||||
| ||||||
6,331,766 |
Schedule of Portfolio Investments — continued
| ||
September 30, 2022 | ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
Energy (5.5%): | ||||||
| ||||||
APA Corp. | 7,786 | 266,203 | ||||
| ||||||
ConocoPhillips | 5,180 | 530,121 | ||||
| ||||||
Continental Resources, Inc. | 5,593 | 373,668 | ||||
| ||||||
Coterra Energy, Inc. | 14,178 | 370,329 | ||||
| ||||||
Devon Energy Corp. | 5,771 | 347,010 | ||||
| ||||||
Diamondback Energy, Inc. | 2,672 | 321,869 | ||||
| ||||||
EOG Resources, Inc. | 3,706 | 414,071 | ||||
| ||||||
Halliburton Co. | 10,331 | 254,349 | ||||
| ||||||
Hess Corp. | 3,883 | 423,208 | ||||
| ||||||
Kinder Morgan, Inc. | 37,321 | 621,022 | ||||
| ||||||
Marathon Oil Corp. | 14,578 | 329,171 | ||||
| ||||||
Marathon Petroleum Corp. | 6,529 | 648,526 | ||||
| ||||||
Occidental Petroleum Corp. | 5,022 | 308,602 | ||||
| ||||||
ONEOK, Inc. | 8,581 | 439,691 | ||||
| ||||||
Ovintiv, Inc. | 6,509 | 299,414 | ||||
| ||||||
Phillips 66 | 5,843 | 471,647 | ||||
| ||||||
Pioneer Natural Resources Co. | 2,077 | 449,733 | ||||
| ||||||
Schlumberger N.V. | 10,016 | 359,575 | ||||
| ||||||
The Williams Cos., Inc. | 23,236 | 665,247 | ||||
| ||||||
Valero Energy Corp. | 4,579 | 489,266 | ||||
| ||||||
8,382,722 | ||||||
Financials (11.2%): | ||||||
| ||||||
Aflac, Inc. | 12,582 | 707,108 | ||||
| ||||||
American Financial Group, Inc. | 5,214 | 640,957 | ||||
| ||||||
Arch Capital Group Ltd.(a) | 16,375 | 745,718 | ||||
| ||||||
Ares Management Corp., Class A | 6,184 | 383,099 | ||||
| ||||||
Arthur J Gallagher & Co. | 4,575 | 783,331 | ||||
| ||||||
Brown & Brown, Inc. | 9,975 | 603,288 | ||||
| ||||||
Cboe Global Markets, Inc. | 6,569 | 771,004 | ||||
| ||||||
Cincinnati Financial Corp. | 4,905 | 439,341 | ||||
| ||||||
CNA Financial Corp. | 16,087 | 593,610 | ||||
| ||||||
Coinbase Global, Inc., Class A(a) | 1,708 | 110,149 | ||||
| ||||||
East West Bancorp, Inc. | 6,392 | 429,159 | ||||
| ||||||
Everest Re Group, Ltd. | 2,437 | 639,566 | ||||
| ||||||
FactSet Research Systems, Inc. | 1,941 | 776,614 | ||||
| ||||||
First Citizens BancShares, Inc., Class A | 757 | 603,655 | ||||
| ||||||
First Republic Bank | 3,639 | 475,071 | ||||
| ||||||
Franklin Resources, Inc. | 19,252 | 414,303 | ||||
| ||||||
Interactive Brokers Group, Inc. | 8,578 | 548,220 | ||||
| ||||||
Intercontinental Exchange, Inc. | 6,762 | 610,947 | ||||
| ||||||
LPL Financial Holdings, Inc. | 2,455 | 536,368 | ||||
| ||||||
Markel Corp.(a) | 565 | 612,584 | ||||
| ||||||
MarketAxess Holdings, Inc. | 2,169 | 482,581 | ||||
| ||||||
Morningstar, Inc. | 2,173 | 461,371 | ||||
| ||||||
MSCI, Inc. | 1,094 | 461,438 | ||||
| ||||||
Nasdaq, Inc. | 13,425 | 760,929 | ||||
| ||||||
Principal Financial Group, Inc. | 8,542 | 616,305 | ||||
| ||||||
Raymond James Financial, Inc. | 5,613 | 554,677 | ||||
| ||||||
Rocket Cos., Inc., Class A | 42,352 | 267,665 | ||||
|
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
Financials (11.2%): (continued) | ||||||||||
| ||||||||||
Signature Bank | 1,473 | 222,423 | ||||||||
| ||||||||||
SVB Financial Group(a) | 792 | 265,938 | ||||||||
| ||||||||||
Tradeweb Markets, Inc., Class A | 8,584 | 484,309 | ||||||||
| ||||||||||
Upstart Holdings, Inc.(a) | 1,760 | 36,590 | ||||||||
| ||||||||||
Webster Financial Corp. | 9,903 | 447,616 | ||||||||
| ||||||||||
WR Berkley Corp. | 11,943 | 771,279 | ||||||||
| ||||||||||
17,257,213 | ||||||||||
Health Care (12.6%): | ||||||||||
| ||||||||||
ABIOMED, Inc.(a) | 1,382 | 339,502 | ||||||||
| ||||||||||
Agilent Technologies, Inc. | 5,119 | 622,214 | ||||||||
| ||||||||||
Align Technology, Inc.(a) | 975 | 201,932 | ||||||||
| ||||||||||
Amgen, Inc. | 3,306 | 745,172 | ||||||||
| ||||||||||
Avantor, Inc.(a) | 18,507 | 362,737 | ||||||||
| ||||||||||
Baxter International, Inc. | 10,698 | 576,194 | ||||||||
| ||||||||||
Bio-Rad Laboratories, Inc., Class A(a) | 939 | 391,695 | ||||||||
| ||||||||||
Bruker Corp. | 8,257 | 438,116 | ||||||||
| ||||||||||
Cardinal Health, Inc. | 9,973 | 665,000 | ||||||||
| ||||||||||
Catalent, Inc.(a) | 4,994 | 361,366 | ||||||||
| ||||||||||
Centene Corp.(a) | 6,616 | 514,791 | ||||||||
| ||||||||||
Charles River Laboratories International, Inc.(a) | 1,728 | 340,070 | ||||||||
| ||||||||||
Danaher Corp. | 2,381 | 614,989 | ||||||||
| ||||||||||
DaVita, Inc.(a) | 5,160 | 427,093 | ||||||||
| ||||||||||
DENTSPLY SIRONA, Inc. | 13,541 | 383,887 | ||||||||
| ||||||||||
Dexcom, Inc.(a) | 3,106 | 250,157 | ||||||||
| ||||||||||
Edwards Lifesciences Corp.(a) | 4,734 | 391,170 | ||||||||
| ||||||||||
HCA Healthcare, Inc. | 2,320 | 426,393 | ||||||||
| ||||||||||
Henry Schein, Inc.(a) | 8,345 | 548,851 | ||||||||
| ||||||||||
Horizon Therapeutics PLC(a) | 5,541 | 342,933 | ||||||||
| ||||||||||
Humana, Inc. | 1,189 | 576,891 | ||||||||
| ||||||||||
IDEXX Laboratories, Inc.(a) | 1,011 | 329,384 | ||||||||
| ||||||||||
Illumina, Inc.(a) | 1,253 | 239,060 | ||||||||
| ||||||||||
Incyte Corp.(a) | 7,468 | 497,668 | ||||||||
| ||||||||||
Insulet Corp.(a) | 1,396 | 320,242 | ||||||||
| ||||||||||
Intuitive Surgical, Inc.(a) | 1,906 | 357,261 | ||||||||
| ||||||||||
IQVIA Holdings, Inc.(a) | 2,669 | 483,463 | ||||||||
| ||||||||||
Mettler-Toledo International, Inc.(a) | 478 | 518,209 | ||||||||
| ||||||||||
Molina Healthcare, Inc.(a) | 1,714 | 565,346 | ||||||||
| ||||||||||
PerkinElmer, Inc. | 3,480 | 418,748 | ||||||||
| ||||||||||
Regeneron Pharmaceuticals, Inc.(a) | 923 | 635,827 | ||||||||
| ||||||||||
Repligen Corp.(a) | 2,157 | 403,596 | ||||||||
| ||||||||||
ResMed, Inc. | 2,562 | 559,285 | ||||||||
| ||||||||||
STERIS PLC | 2,834 | 471,238 | ||||||||
| ||||||||||
Stryker Corp. | 2,629 | 532,478 | ||||||||
| ||||||||||
Teleflex, Inc. | 1,701 | 342,683 | ||||||||
| ||||||||||
Veeva Systems, Inc., Class A(a) | 2,273 | 374,772 | ||||||||
| ||||||||||
Vertex Pharamaceuticals, Inc.(a) | 2,607 | 754,831 | ||||||||
| ||||||||||
Waters Corp.(a) | 2,281 | 614,798 | ||||||||
| ||||||||||
West Pharmaceutical Services, Inc. | 1,388 | 341,559 | ||||||||
| ||||||||||
Zimmer Biomet Holdings, Inc. | 4,584 | 479,257 | ||||||||
|
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
Health Care (12.6%): (continued) | ||||||||||
| ||||||||||
Zoetis, Inc. | 3,961 | 587,377 | ||||||||
| ||||||||||
19,348,235 | ||||||||||
Industrials (23.7%): | ||||||||||
| ||||||||||
A.O. Smith Corp. | 10,435 | 506,932 | ||||||||
| ||||||||||
AMERCO, Inc. | 1,288 | 655,875 | ||||||||
| ||||||||||
AMETEK, Inc. | 6,946 | 787,746 | ||||||||
| ||||||||||
Builders FirstSource, Inc.(a) | 7,109 | 418,862 | ||||||||
| ||||||||||
Carlisle Companies, Inc. | 3,220 | 902,920 | ||||||||
| ||||||||||
Carrier Global Corp. | 14,280 | 507,797 | ||||||||
| ||||||||||
Caterpillar, Inc. | 3,029 | 496,998 | ||||||||
| ||||||||||
CH Robinson Worldwide, Inc. | 6,244 | 601,360 | ||||||||
| ||||||||||
Cintas Corp. | 1,830 | 710,388 | ||||||||
| ||||||||||
Copart, Inc.(a) | 4,747 | 505,081 | ||||||||
| ||||||||||
Costar Group, Inc.(a) | 7,106 | 494,933 | ||||||||
| ||||||||||
CSX Corp. | 21,668 | 577,235 | ||||||||
| ||||||||||
Deere & Co. | 1,357 | 453,089 | ||||||||
| ||||||||||
Dover Corp. | 5,198 | 605,983 | ||||||||
| ||||||||||
Eaton Corp. PLC | 5,035 | 671,468 | ||||||||
| ||||||||||
Emerson Electric Co. | 7,824 | 572,873 | ||||||||
| ||||||||||
Equifax, Inc. | 2,694 | 461,832 | ||||||||
| ||||||||||
Expeditors International of Washington, Inc. | 7,360 | 649,962 | ||||||||
| ||||||||||
Fastenal Co. | 15,207 | 700,130 | ||||||||
| ||||||||||
Fortive Corp. | 12,065 | 703,389 | ||||||||
| ||||||||||
Fortune Brands Home & Security, Inc. | 8,196 | 440,043 | ||||||||
| ||||||||||
Generac Holdings, Inc.(a) | 1,337 | 238,173 | ||||||||
| ||||||||||
General Dynamics Corp. | 3,868 | 820,674 | ||||||||
| ||||||||||
Graco, Inc. | 11,801 | 707,470 | ||||||||
| ||||||||||
HEICO Corp. | 4,598 | 662,020 | ||||||||
| ||||||||||
Honeywell International, Inc. | 4,350 | 726,319 | ||||||||
| ||||||||||
Howmet Aerospace, Inc. | 14,820 | 458,383 | ||||||||
| ||||||||||
IDEX Corp. | 3,952 | 789,807 | ||||||||
| ||||||||||
Illinois Tool Works, Inc. | 4,591 | 829,364 | ||||||||
| ||||||||||
Ingersoll Rand, Inc. | 13,372 | 578,473 | ||||||||
| ||||||||||
J.B. Hunt Transport Services, Inc. | 3,604 | 563,738 | ||||||||
| ||||||||||
Johnson Controls International PLC | 11,099 | 546,293 | ||||||||
| ||||||||||
Leidos Holdings, Inc. | 5,812 | 508,376 | ||||||||
| ||||||||||
Masco Corp. | 13,755 | 642,221 | ||||||||
| ||||||||||
Nordson Corp. | 3,333 | 707,496 | ||||||||
| ||||||||||
Norfolk Southern Corp. | 2,949 | 618,258 | ||||||||
| ||||||||||
Old Dominion Freight Line, Inc. | 2,302 | 572,668 | ||||||||
| ||||||||||
Otis Worldwide Corp. | 10,012 | 638,766 | ||||||||
| ||||||||||
PACCAR, Inc. | 8,829 | 738,899 | ||||||||
| ||||||||||
Parker Hannifin Corp. | 2,360 | 571,852 | ||||||||
| ||||||||||
Quanta Services, Inc. | 3,576 | 455,547 | ||||||||
| ||||||||||
Regal Rexnord Corp. | 4,220 | 592,319 | ||||||||
| ||||||||||
Republic Services, Inc. | 6,612 | 899,496 | ||||||||
| ||||||||||
Robert Half International, Inc. | 5,853 | 447,754 | ||||||||
| ||||||||||
Rockwell Automation, Inc. | 2,779 | 597,791 | ||||||||
| ||||||||||
Rollins, Inc. | 17,787 | 616,853 | ||||||||
|
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
Industrials (23.7%): (continued) | ||||||
| ||||||
Roper Technologies, Inc. | 1,876 | 674,685 | ||||
| ||||||
Snap-on, Inc. | 3,436 | 691,839 | ||||
| ||||||
Trane Technologies PLC | 4,586 | 664,099 | ||||
| ||||||
TransDigm Group, Inc. | 876 | 459,742 | ||||
| ||||||
TransUnion | 6,635 | 394,716 | ||||
| ||||||
Trex Co., Inc.(a) | 5,722 | 251,425 | ||||
| ||||||
Union Pacific Corp. | 3,675 | 715,963 | ||||
| ||||||
United Rentals, Inc.(a) | 1,575 | 425,439 | ||||
| ||||||
Verisk Analytics, Inc. | 3,866 | 659,269 | ||||
| ||||||
Waste Management, Inc. | 6,035 | 966,867 | ||||
| ||||||
Watsco, Inc. | 2,660 | 684,844 | ||||
| ||||||
Westinghouse Air Brake Technologies Corp. | 7,097 | 577,341 | ||||
| ||||||
WW Grainger, Inc. | 1,542 | 754,331 | ||||
| ||||||
Xylem, Inc. | 7,217 | 630,477 | ||||
| ||||||
36,504,943 | ||||||
Information Technology (14.5%): | ||||||
| ||||||
Advanced Micro Devices, Inc.(a) | 3,230 | 204,653 | ||||
| ||||||
Akamai Technologies, Inc.(a) | 6,340 | 509,229 | ||||
| ||||||
Amphenol Corp., Class A | 10,724 | 718,079 | ||||
| ||||||
Analog Devices, Inc. | 3,695 | 514,861 | ||||
| ||||||
ANSYS, Inc.(a) | 1,822 | 403,937 | ||||
| ||||||
AppLovin Corp., Class A(a) | 5,024 | 97,918 | ||||
| ||||||
Arista Networks, Inc.(a) | 3,333 | 376,262 | ||||
| ||||||
Bentley Systems, Inc., Class B | 10,850 | 331,902 | ||||
| ||||||
Broadcom, Inc. | 1,020 | 452,890 | ||||
| ||||||
Broadridge Financial Solutions, Inc. | 4,833 | 697,499 | ||||
| ||||||
Cadence Design Systems, Inc.(a) | 3,097 | 506,143 | ||||
| ||||||
CDW Corp. | 3,797 | 592,636 | ||||
| ||||||
Cognex Corp. | 6,568 | 272,244 | ||||
| ||||||
Cognizant Technology Solutions Corp., Class A | 8,907 | 511,618 | ||||
| ||||||
Dynatrace, Inc.(a) | 8,376 | 291,569 | ||||
| ||||||
Enphase Energy, Inc.(a) | 1,344 | 372,920 | ||||
| ||||||
Entegris, Inc. | 3,969 | 329,506 | ||||
| ||||||
EPAM Systems, Inc.(a) | 657 | 237,959 | ||||
| ||||||
F5, Inc.(a) | 2,928 | 423,769 | ||||
| ||||||
Fair Isaac Corp.(a) | 1,160 | 477,932 | ||||
| ||||||
Fidelity National Information Services, Inc. | 5,057 | 382,157 | ||||
| ||||||
FleetCor Technologies, Inc.(a) | 2,389 | 420,870 | ||||
| ||||||
Fortinet, Inc.(a) | 5,452 | 267,857 | ||||
| ||||||
Gartner, Inc.(a) | 1,729 | 478,397 | ||||
| ||||||
Jack Henry & Associates, Inc. | 3,800 | 692,626 | ||||
| ||||||
Juniper Networks, Inc. | 19,244 | 502,653 | ||||
| ||||||
Keysight Technologies, Inc.(a) | 4,345 | 683,729 | ||||
| ||||||
KLA Corp. | 1,216 | 367,998 | ||||
| ||||||
Lam Research Corp. | 873 | 319,518 | ||||
| ||||||
Microchip Technology, Inc. | 7,010 | 427,820 | ||||
| ||||||
Monolithic Power Systems, Inc. | 948 | 344,503 | ||||
| ||||||
NetApp, Inc. | 8,050 | 497,892 | ||||
| ||||||
NVIDIA Corp. | 1,417 | 172,010 | ||||
|
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
Information Technology (14.5%): (continued) | ||||||||||
| ||||||||||
NXP Semiconductors NV | 2,646 | 390,311 | ||||||||
| ||||||||||
ON Semiconductor Corp.(a) | 6,287 | 391,869 | ||||||||
| ||||||||||
Paychex, Inc. | 5,758 | 646,105 | ||||||||
| ||||||||||
Paycom Software, Inc.(a) | 1,293 | 426,677 | ||||||||
| ||||||||||
Paylocity Holding Corp.(a) | 1,939 | 468,424 | ||||||||
| ||||||||||
PTC, Inc.(a) | 5,013 | 524,360 | ||||||||
| ||||||||||
Qorvo, Inc.(a) | 4,075 | 323,596 | ||||||||
| ||||||||||
ServiceNow, Inc.(a) | 783 | 295,669 | ||||||||
| ||||||||||
Skyworks Solutions, Inc. | 4,350 | 370,924 | ||||||||
| ||||||||||
SS&C Technologies Holdings, Inc. | 10,997 | 525,107 | ||||||||
| ||||||||||
Synopsys, Inc.(a) | 1,518 | 463,764 | ||||||||
| ||||||||||
TE Connectivity Ltd. | 5,228 | 576,962 | ||||||||
| ||||||||||
Teledyne Technologies, Inc.(a) | 1,631 | 550,414 | ||||||||
| ||||||||||
Teradyne, Inc. | 3,409 | 256,186 | ||||||||
| ||||||||||
The Trade Desk, Inc., Class A(a) | 3,355 | 200,461 | ||||||||
| ||||||||||
Trimble, Inc.(a) | 8,083 | 438,664 | ||||||||
| ||||||||||
Tyler Technologies, Inc.(a) | 1,313 | 456,267 | ||||||||
| ||||||||||
Ubiquiti, Inc. | 1,566 | 459,715 | ||||||||
| ||||||||||
Western Digital Corp.(a) | 9,145 | 297,670 | ||||||||
| ||||||||||
Zebra Technologies Corp.(a) | 1,305 | 341,923 | ||||||||
| ||||||||||
22,286,624 | ||||||||||
Materials (7.7%): | ||||||||||
| ||||||||||
Albemarle Corp. | 1,769 | 467,794 | ||||||||
| ||||||||||
Alcoa Corp. | 3,402 | 114,511 | ||||||||
| ||||||||||
Avery Dennison Corp. | 3,770 | 613,379 | ||||||||
| ||||||||||
Ball Corp. | 7,883 | 380,907 | ||||||||
| ||||||||||
Celanese Corp. | 4,384 | 396,051 | ||||||||
| ||||||||||
CF Industries Holdings, Inc. | 3,829 | 368,541 | ||||||||
| ||||||||||
Cleveland-Cliffs, Inc.(a) | 9,936 | 133,838 | ||||||||
| ||||||||||
Eastman Chemical Co. | 5,612 | 398,733 | ||||||||
| ||||||||||
Ecolab, Inc. | 3,841 | 554,717 | ||||||||
| ||||||||||
FMC Corp. | 4,292 | 453,664 | ||||||||
| ||||||||||
Freeport-McMoRan, Inc. | 8,032 | 219,515 | ||||||||
| ||||||||||
International Flavors & Fragrances, Inc. | 5,326 | 483,761 | ||||||||
| ||||||||||
International Paper Co. | 16,562 | 525,016 | ||||||||
| ||||||||||
LyondellBasell Industries NV, Class A | 5,804 | 436,925 | ||||||||
| ||||||||||
Martin Marietta Materials, Inc. | 1,714 | 552,062 | ||||||||
| ||||||||||
Newmont Corp. | 7,253 | 304,844 | ||||||||
| ||||||||||
Nucor Corp. | 2,622 | 280,528 | ||||||||
| ||||||||||
Packaging Corp. of America | 4,886 | 548,649 | ||||||||
| ||||||||||
PPG Industries, Inc. | 5,015 | 555,110 | ||||||||
| ||||||||||
Reliance Steel & Aluminum Co. | 3,596 | 627,178 | ||||||||
| ||||||||||
RPM International, Inc. | 9,320 | 776,449 | ||||||||
| ||||||||||
Steel Dynamics, Inc. | 5,015 | 355,814 | ||||||||
| ||||||||||
The Mosaic Co. | 5,304 | 256,342 | ||||||||
| ||||||||||
The Sherwin-Williams Co. | 2,985 | 611,179 | ||||||||
| ||||||||||
Vulcan Materials Co. | 3,707 | 584,631 | ||||||||
| ||||||||||
Westlake Chemical Corp. | 4,656 | 404,513 | ||||||||
|
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core ETF |
(Unaudited) |
Materials (7.7%): (continued) | ||||||
Westrock Co. | 12,471 | 385,229 | ||||
11,789,880 | ||||||
Real Estate (0.3%): | ||||||
CBRE Group, Inc., Class A(a) | 6,856 | 462,848 | ||||
462,848 | ||||||
Utilities (11.1%): | ||||||
Alliant Energy Corp. | 14,897 | 789,392 | ||||
Ameren Corp. | 10,698 | 861,724 | ||||
American Electric Power Co., Inc. | 10,434 | 902,019 | ||||
American Water Works Co., Inc. | 5,159 | 671,495 | ||||
Atmos Energy Corp. | 7,535 | 767,440 | ||||
CenterPoint Energy, Inc. | 28,545 | 804,398 | ||||
CMS Energy Corp. | 14,358 | 836,210 | ||||
Consolidated Edison, Inc. | 10,060 | 862,746 | ||||
Dominion Energy, Inc. | 10,911 | 754,059 | ||||
DTE Energy Co. | 7,825 | 900,266 | ||||
Entergy Corp. | 6,804 | 684,687 | ||||
Essential Utilities, Inc. | 17,400 | 720,012 | ||||
Evergy, Inc. | 15,154 | 900,148 | ||||
Eversource Energy | 10,054 | 783,810 | ||||
FirstEnergy Corp. | 20,343 | 752,691 | ||||
NextEra Energy, Inc. | 8,293 | 650,254 | ||||
NiSource, Inc. | 32,515 | 819,053 | ||||
PPL Corp. | 35,227 | 893,004 | ||||
The Southern Co. | 14,168 | 963,424 | ||||
WEC Energy Group, Inc. | 9,377 | 838,585 | ||||
Xcel Energy, Inc. | 12,967 | 829,888 | ||||
16,985,305 | ||||||
Total Common Stocks (Cost $162,364,018) | 153,148,113 | |||||
Total Investments (Cost $162,364,018) — 99.6% | 153,148,113 | |||||
Other assets in excess of liabilities — 0.4% | 578,303 | |||||
NET ASSETS - 100.00% | 153,726,416 |
Percentages indicated are based on net assets as of September 30, 2022.
(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) | 12/16/22 | 3 | $ | 540,225 | $ | (30,530) | ||||||||||
|
| |||||||||||||||
$ | (30,530) | |||||||||||||||
|
|
Schedule of Portfolio Investments | ||
September 30, 2022
| ||
Timothy Plan High Dividend Stock ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Common Stocks (99.3%) | ||||||||
Communication Services (0.4%): | ||||||||
Lumen Technologies, Inc. | 94,380 | 687,086 | ||||||
687,086 | ||||||||
Consumer Discretionary (3.7%): | ||||||||
Garmin Ltd. | 14,411 | 1,157,347 | ||||||
Genuine Parts Co. | 14,669 | 2,190,375 | ||||||
Lowe’s Cos., Inc. | 7,785 | 1,462,101 | ||||||
Tapestry, Inc. | 30,060 | 854,606 | ||||||
5,664,429 | ||||||||
Consumer Staples (6.4%): | ||||||||
Bunge, Ltd. | 14,616 | 1,206,843 | ||||||
Campbell Soup Co. | 44,924 | 2,116,819 | ||||||
Hormel Foods Corp. | 42,864 | 1,947,740 | ||||||
Sysco Corp. | 18,276 | 1,292,296 | ||||||
The JM Smucker Co. | 14,560 | 2,000,690 | ||||||
Tyson Foods, Inc., Class A | 18,322 | 1,207,969 | ||||||
9,772,357 | ||||||||
Energy (8.8%): | ||||||||
ConocoPhillips | 12,757 | 1,305,551 | ||||||
Coterra Energy, Inc. | 34,943 | 912,711 | ||||||
Devon Energy Corp. | 14,205 | 854,147 | ||||||
EOG Resources, Inc. | 9,141 | 1,021,324 | ||||||
Kinder Morgan, Inc. | 91,964 | 1,530,281 | ||||||
Marathon Petroleum Corp. | 16,094 | 1,598,617 | ||||||
ONEOK, Inc. | 21,147 | 1,083,572 | ||||||
Phillips 66 | 14,401 | 1,162,449 | ||||||
Pioneer Natural Resources Co. | 5,124 | 1,109,500 | ||||||
The Williams Cos., Inc. | 57,247 | 1,638,982 | ||||||
Valero Energy Corp. | 11,273 | 1,204,520 | ||||||
13,421,654 | ||||||||
Financials (11.5%): | ||||||||
Aflac, Inc. | 31,019 | 1,743,268 | ||||||
American Financial Group, Inc. | 12,873 | 1,582,478 | ||||||
Ares Management Corp., Class A | 15,235 | 943,808 | ||||||
Cboe Global Markets, Inc. | 16,203 | 1,901,746 | ||||||
Cincinnati Financial Corp. | 12,089 | 1,082,812 | ||||||
CNA Financial Corp. | 39,639 | 1,462,679 | ||||||
East West Bancorp, Inc. | 15,736 | 1,056,515 | ||||||
Everest Re Group, Ltd. | 6,002 | 1,575,165 | ||||||
Franklin Resources, Inc. | 47,431 | 1,020,715 | ||||||
Principal Financial Group, Inc. | 21,042 | 1,518,180 | ||||||
Rocket Cos., Inc., Class A | 104,356 | 659,530 | ||||||
Webster Financial Corp. | 24,406 | 1,103,151 | ||||||
WR Berkley Corp. | 29,430 | 1,900,590 | ||||||
17,550,637 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan High Dividend Stock ETF |
(Unaudited) |
Health Care (3.2%): | ||||||||
Amgen, Inc. | 8,158 | 1,838,813 | ||||||
Baxter International, Inc. | 26,360 | 1,419,750 | ||||||
Cardinal Health, Inc. | 24,562 | 1,637,794 | ||||||
4,896,357 | ||||||||
Industrials (23.2%): | ||||||||
A.O. Smith Corp. | 25,720 | 1,249,478 | ||||||
Caterpillar, Inc. | 7,451 | 1,222,560 | ||||||
CH Robinson Worldwide, Inc. | 15,387 | 1,481,922 | ||||||
Eaton Corp. PLC | 12,415 | 1,655,664 | ||||||
Emerson Electric Co. | 19,276 | 1,411,389 | ||||||
Fastenal Co. | 37,477 | 1,725,441 | ||||||
Fortune Brands Home & Security, Inc. | 20,197 | 1,084,377 | ||||||
General Dynamics Corp. | 9,523 | 2,020,495 | ||||||
Honeywell International, Inc. | 10,707 | 1,787,748 | ||||||
Illinois Tool Works, Inc. | 11,316 | 2,044,235 | ||||||
Johnson Controls International PLC | 27,348 | 1,346,069 | ||||||
Masco Corp. | 33,891 | 1,582,371 | ||||||
Norfolk Southern Corp. | 7,271 | 1,524,365 | ||||||
PACCAR, Inc. | 21,755 | 1,820,676 | ||||||
Parker Hannifin Corp. | 5,811 | 1,408,064 | ||||||
Regal Rexnord Corp. | 10,398 | 1,459,463 | ||||||
Rockwell Automation, Inc. | 6,856 | 1,474,794 | ||||||
Snap-on, Inc. | 8,466 | 1,704,629 | ||||||
Trane Technologies PLC | 11,304 | 1,636,932 | ||||||
Union Pacific Corp. | 9,054 | 1,763,900 | ||||||
Waste Management, Inc. | 14,867 | 2,381,842 | ||||||
Watsco, Inc. | 6,554 | 1,687,393 | ||||||
35,473,807 | ||||||||
Information Technology (7.5%): | ||||||||
Analog Devices, Inc. | 9,115 | 1,270,084 | ||||||
Broadcom, Inc. | 2,512 | 1,115,353 | ||||||
Broadridge Financial Solutions, Inc. | 11,912 | 1,719,140 | ||||||
Fidelity National Information Services, Inc. | 12,448 | 940,695 | ||||||
Juniper Networks, Inc. | 47,411 | 1,238,375 | ||||||
NetApp, Inc. | 19,834 | 1,226,733 | ||||||
Paychex, Inc. | 14,194 | 1,592,709 | ||||||
Skyworks Solutions, Inc. | 10,708 | 913,071 | ||||||
TE Connectivity Ltd. | 12,885 | 1,421,989 | ||||||
11,438,149 | ||||||||
Materials (10.5%): | ||||||||
Avery Dennison Corp. | 9,284 | 1,510,507 | ||||||
Celanese Corp. | 10,801 | 975,762 | ||||||
Eastman Chemical Co. | 13,832 | 982,764 | ||||||
FMC Corp. | 10,576 | 1,117,883 | ||||||
International Flavors & Fragrances, Inc. | 13,120 | 1,191,690 | ||||||
International Paper Co. | 40,810 | 1,293,677 | ||||||
LyondellBasell Industries NV, Class A | 15,060 | 1,133,717 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan High Dividend Stock ETF |
(Unaudited) |
Materials (10.5%): (continued) | ||||||||
Newmont Corp. | 17,874 | 751,244 | ||||||
Packaging Corp. of America | 12,030 | 1,350,849 | ||||||
PPG Industries, Inc. | 12,354 | 1,367,464 | ||||||
Reliance Steel & Aluminum Co. | 8,861 | 1,545,447 | ||||||
RPM International, Inc. | 22,976 | 1,914,130 | ||||||
Westrock Co. | 30,736 | 949,435 | ||||||
16,084,569 | ||||||||
Utilities (24.1%): | ||||||||
Alliant Energy Corp. | 36,713 | 1,945,422 | ||||||
Ameren Corp. | 26,361 | 2,123,378 | ||||||
American Electric Power Co., Inc. | 25,717 | 2,223,235 | ||||||
Atmos Energy Corp. | 18,559 | 1,890,234 | ||||||
CenterPoint Energy, Inc. | 70,329 | 1,981,871 | ||||||
CMS Energy Corp. | 35,381 | 2,060,589 | ||||||
Consolidated Edison, Inc. | 24,776 | 2,124,790 | ||||||
Dominion Energy, Inc. | 26,891 | 1,858,437 | ||||||
DTE Energy Co. | 19,277 | 2,217,819 | ||||||
Entergy Corp. | 16,764 | 1,686,961 | ||||||
Evergy, Inc. | 37,323 | 2,216,986 | ||||||
Eversource Energy | 24,761 | 1,930,368 | ||||||
FirstEnergy Corp. | 50,137 | 1,855,069 | ||||||
NiSource, Inc. | 80,115 | 2,018,097 | ||||||
PPL Corp. | 86,802 | 2,200,431 | ||||||
The Southern Co. | 34,905 | 2,373,540 | ||||||
WEC Energy Group, Inc. | 23,104 | 2,066,191 | ||||||
Xcel Energy, Inc. | 31,951 | 2,044,864 | ||||||
36,818,282 | ||||||||
Total Common Stocks (Cost $166,007,854) | 151,807,327 | |||||||
Total Investments (Cost $166,007,854) — 99.3% | 151,807,327 | |||||||
Other assets in excess of liabilities — 0.7% | 1,069,729 | |||||||
NET ASSETS - 100.00% | 152,877,056 |
Percentages indicated are based on net assets as of September 30, 2022.
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) | 12/16/22 | 5 | $ 900,375 | $ (72,343) | ||||||||||||
|
| |||||||||||||||
$ (72,343) | ||||||||||||||||
|
|
Schedule of Portfolio Investments | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Common Stocks (99.0%) | ||||||||
Australia (5.4%): | ||||||||
Communication Services (0.6%): | ||||||||
Rea Group Ltd. | 1,730 | 127,063 | ||||||
Telstra Corp. Ltd. | 100,846 | 248,290 | ||||||
375,353 | ||||||||
Consumer Discretionary (0.3%): | ||||||||
Wesfarmers Ltd. | 6,618 | 180,800 | ||||||
180,800 | ||||||||
Consumer Staples (0.7%): | ||||||||
Coles Group, Ltd. | 21,608 | 227,035 | ||||||
Woolworths Group Ltd. | 9,883 | 214,571 | ||||||
441,606 | ||||||||
Energy (0.5%): | ||||||||
Santos Ltd. | 29,844 | 135,314 | ||||||
Woodside Energy Group, Ltd. | 6,819 | 138,062 | ||||||
273,376 | ||||||||
Financials (1.2%): | ||||||||
ASX Ltd. | 4,412 | 202,469 | ||||||
Commonwealth Bank of Australia | 2,898 | 168,092 | ||||||
National Australia Bank Ltd. | 11,054 | 203,659 | ||||||
Westpac Banking Corp. | 14,030 | 185,186 | ||||||
759,406 | ||||||||
Health Care (1.2%): | ||||||||
Cochlear Ltd. | 1,149 | 142,945 | ||||||
CSL Ltd. | 1,048 | 191,020 | ||||||
Ramsay Health Care Ltd. | 5,290 | 193,776 | ||||||
Sonic Healthcare Ltd. | 9,071 | 177,392 | ||||||
705,133 | ||||||||
Materials (0.9%): | ||||||||
BHP Group Ltd. | 5,042 | 124,203 | ||||||
Fortescue Metals Group Ltd. | 7,914 | 85,126 | ||||||
Newcrest Mining Ltd. | 9,346 | 101,127 | ||||||
Rio Tinto Ltd. | 1,952 | 116,579 | ||||||
South32, Ltd. | 47,494 | 110,252 | ||||||
537,287 | ||||||||
3,272,961 | ||||||||
Austria (0.5%): | ||||||||
Energy (0.2%): | ||||||||
OMV AG | 3,386 | 123,992 | ||||||
123,992 | ||||||||
Financials (0.1%): | ||||||||
Erste Group Bank AG | 3,463 | 76,827 | ||||||
76,827 | ||||||||
Utilities (0.2%): | ||||||||
Verbund AG | 1,341 | 114,913 | ||||||
114,913 | ||||||||
315,732 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Belgium (1.0%): | ||||||||
Financials (0.7%): | ||||||||
Groupe Bruxelles Lambert SA | 2,685 | 189,119 | ||||||
KBC Group N.V. | 2,525 | 120,397 | ||||||
Sofina SA | 591 | 102,794 | ||||||
412,310 | ||||||||
Materials (0.3%): | ||||||||
Solvay SA, Class A | 2,050 | 159,981 | ||||||
159,981 | ||||||||
572,291 | ||||||||
Bermuda (0.4%): | ||||||||
Industrials (0.4%): | ||||||||
Jardine Matheson Holdings Ltd. | 4,400 | 222,816 | ||||||
222,816 | ||||||||
Canada (12.6%): | ||||||||
Consumer Discretionary (0.7%): | ||||||||
Dollarama, Inc. | 5,297 | 304,121 | ||||||
Magna International, Inc. | 2,791 | 132,417 | ||||||
436,538 | ||||||||
Consumer Staples (1.3%): | ||||||||
Alimentation Couche-Tard, Inc. | 4,704 | 189,393 | ||||||
Loblaw Cos. Ltd. | 3,638 | 288,101 | ||||||
Metro, Inc. | 6,108 | 305,886 | ||||||
783,380 | ||||||||
Energy (2.3%): | ||||||||
Canadian Natural Resources, Ltd. | 2,818 | 131,188 | ||||||
Cenovus Energy, Inc. | 8,360 | 128,438 | ||||||
Enbridge, Inc. | 6,914 | 256,397 | ||||||
Imperial Oil Ltd. | 3,597 | 155,761 | ||||||
Pembina Pipelines Corp. | 7,608 | 231,126 | ||||||
Suncor Energy, Inc. | 4,751 | 133,807 | ||||||
TC Energy Corp. | 5,158 | 207,784 | ||||||
Tourmaline Oil Corp. | 3,378 | 175,577 | ||||||
1,420,078 | ||||||||
Financials (2.3%): | ||||||||
Fairfax Financial Holdings, Ltd. | 458 | 209,200 | ||||||
Great-West Lifeco, Inc. | 12,752 | 275,315 | ||||||
Intact Financial Corp. | 2,709 | 383,422 | ||||||
National Bank of Canada | 4,196 | 263,025 | ||||||
Power Corp. of Canada | 11,831 | 266,651 | ||||||
1,397,613 | ||||||||
Industrials (1.1%): | ||||||||
Canadian National Railway Co. | 2,069 | 223,468 | ||||||
Canadian Pacific Railway Ltd. | 3,167 | 211,431 | ||||||
WSP Global, Inc. | 1,907 | 210,030 | ||||||
644,929 | ||||||||
Information Technology (1.2%): | ||||||||
CGI, Inc. (a) | 3,490 | 262,761 | ||||||
Constellation Software, Inc. | 145 | 201,783 | ||||||
Open Text Corp. | 6,987 | 184,691 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Canada (12.6%): (continued) | ||||||||
Information Technology (1.2%): (continued) | ||||||||
Shopify, Inc., Class A (a) | 1,600 | 43,081 | ||||||
692,316 | ||||||||
Materials (1.8%): | ||||||||
Aginco Eagle Mines, Ltd. | 2,534 | 107,069 | ||||||
Barrick Gold Corp. | 7,484 | 116,010 | ||||||
First Quantum Minerals, Ltd. | 3,637 | 61,749 | ||||||
Franco-Nevada Corp. | 1,391 | 166,171 | ||||||
Ivanhoe Mines, Ltd. (a) | 14,984 | 96,444 | ||||||
Nutrien, Ltd. | 1,773 | 147,878 | ||||||
Teck Resources Ltd., Class B | 3,213 | 97,725 | ||||||
West Fraser Timber Co., Ltd. | 2,451 | 177,330 | ||||||
Wheaton Precious Metals Corp. | 4,044 | 130,964 | ||||||
1,101,340 | ||||||||
Utilities (1.9%): | ||||||||
Emera, Inc. | 9,823 | 397,486 | ||||||
Fortis, Inc. | 9,085 | 345,193 | ||||||
Hydro One, Ltd. | 17,809 | 435,555 | ||||||
1,178,234 | ||||||||
7,654,428 | ||||||||
Chile (0.1%): | ||||||||
Materials (0.1%): | ||||||||
Antofagasta PLC | 6,309 | 78,561 | ||||||
78,561 | ||||||||
Denmark (2.0%): | ||||||||
Financials (0.6%): | ||||||||
Danske Bank A/S | 10,514 | 131,461 | ||||||
Tryg A/S | 11,055 | 228,676 | ||||||
360,137 | ||||||||
Health Care (0.5%): | ||||||||
Coloplast A/S | 1,349 | 137,975 | ||||||
Genmab A/S (a) | 490 | 158,982 | ||||||
296,957 | ||||||||
Industrials (0.5%): | ||||||||
AP Moller - Maersk A/S, Class B | 57 | 104,192 | ||||||
DSV Panalpina A S | 1,113 | 131,475 | ||||||
Vestas Wind Systems A/S | 3,417 | 63,798 | ||||||
299,465 | ||||||||
Materials (0.3%): | ||||||||
Novozymes A/S, Class B Shares | 3,048 | 153,985 | ||||||
153,985 | ||||||||
Utilities (0.1%): | ||||||||
Orsted A/S | 1,130 | 90,503 | ||||||
90,503 | ||||||||
1,201,047 | ||||||||
Finland (2.0%): | ||||||||
Consumer Staples (0.2%): | ||||||||
Kesko Oyj, Class B | 7,080 | 132,822 | ||||||
132,822 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Finland (2.0%): (continued) | ||||||||
Energy (0.2%): | ||||||||
Neste Oyj | 2,939 | 129,021 | ||||||
129,021 | ||||||||
Financials (0.3%): | ||||||||
Sampo Oyj, Class A Shares | 4,870 | 208,828 | ||||||
208,828 | ||||||||
Industrials (0.3%): | ||||||||
Kone OYJ | 4,066 | 157,818 | ||||||
157,818 | ||||||||
Information Technology (0.3%): | ||||||||
Nokia Oyj | 39,820 | 172,487 | ||||||
172,487 | ||||||||
Materials (0.5%): | ||||||||
Stora ENSO OYJ, Class R Shares | 8,676 | 111,286 | ||||||
UPM-Kymmene OYJ | 5,911 | 188,710 | ||||||
299,996 | ||||||||
Utilities (0.2%): | ||||||||
Fortum OYJ | 9,488 | 128,024 | ||||||
128,024 | ||||||||
1,228,996 | ||||||||
France (6.0%): | ||||||||
Communication Services (0.3%): | ||||||||
Bollore | 41,252 | 190,877 | ||||||
190,877 | ||||||||
Consumer Discretionary (0.7%): | ||||||||
Cie Generale des Etablissements Michelin SCA | 6,008 | 136,319 | ||||||
EssilorLxottica SA | 1,060 | 145,781 | ||||||
Hermes International SA | 115 | 137,142 | ||||||
419,242 | ||||||||
Consumer Staples (0.2%): | ||||||||
Carrefour SA | 10,252 | 142,803 | ||||||
142,803 | ||||||||
Financials (0.6%): | ||||||||
Amundi SA | 2,794 | 117,618 | ||||||
Credit Agricole SA | 16,042 | 131,479 | ||||||
Societe Generale SA | 5,378 | 107,585 | ||||||
356,682 | ||||||||
Health Care (0.4%): | ||||||||
bioMerieux | 1,459 | 116,376 | ||||||
Sartorius Stedim Biotech | 325 | 100,986 | ||||||
217,362 | ||||||||
Industrials (2.2%): | ||||||||
Bouygues SA | 8,134 | 214,009 | ||||||
Bureau Veritas SA | 9,128 | 205,546 | ||||||
Legrand SA | 2,668 | 174,274 | ||||||
Safran SA | 1,319 | 121,507 | ||||||
Schneider Electric SA | 1,163 | 133,268 | ||||||
Teleperformance | 586 | 149,815 | ||||||
Thales SA | 1,607 | 177,941 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
France (6.0%): (continued) | ||||||||
Industrials (2.2%): (continued) | ||||||||
Vinci SA | 2,114 | 172,288 | ||||||
1,348,648 | ||||||||
Information Technology (0.6%): | ||||||||
Dassault Systemes SE | 4,398 | 154,004 | ||||||
Edenred | 4,081 | 189,392 | ||||||
343,396 | ||||||||
Materials (0.3%): | ||||||||
Air Liquide SA | 1,703 | 196,181 | ||||||
196,181 | ||||||||
Utilities (0.7%): | ||||||||
Electricite de France SA | 15,431 | 179,787 | ||||||
Engie SA | 14,680 | 170,347 | ||||||
Veolia Environnement | 5,468 | 105,608 | ||||||
455,742 | ||||||||
3,670,933 | ||||||||
Germany (5.6%): | ||||||||
Consumer Discretionary (0.4%): | ||||||||
Continental AG | 2,038 | 91,764 | ||||||
Puma SE | 2,078 | 97,678 | ||||||
Zalando SE (a) | 2,648 | 52,493 | ||||||
241,935 | ||||||||
Consumer Staples (0.4%): | ||||||||
Beiersdorf AG | 2,230 | 220,594 | ||||||
220,594 | ||||||||
Financials (1.5%): | ||||||||
Commerzbank AG (a) | 16,084 | 115,715 | ||||||
Deutsche Boerse AG | 1,448 | 238,730 | ||||||
Hannover Rueck SE | 1,204 | 181,925 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 766 | 185,775 | ||||||
Talanx AG | 5,359 | 191,147 | ||||||
913,292 | ||||||||
Health Care (0.3%): | ||||||||
Carl Zeiss Meditec AG | 949 | 99,920 | ||||||
Fresenius Medical Care AG | 3,074 | 87,445 | ||||||
187,365 | ||||||||
Industrials (0.9%): | ||||||||
Brenntag AG | 2,787 | 170,359 | ||||||
Deutsche Post AG | 3,974 | 121,166 | ||||||
Kion Group AG | 2,464 | 47,843 | ||||||
Knorr-Bremse AG | 2,451 | 106,589 | ||||||
MTU Aero Engines AG | 794 | 120,013 | ||||||
565,970 | ||||||||
Information Technology (0.2%): | ||||||||
Infineon Technologies AG | 5,092 | 113,315 | ||||||
113,315 | ||||||||
Materials (1.0%): | ||||||||
BASF SE | 3,334 | 129,373 | ||||||
Evonik Industries AG | 8,721 | 147,414 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||
Germany (5.6%): (continued) | ||||||||
Materials (1.0%): (continued) | ||||||||
HeidelbergCement AG | 3,301 | 132,136 | ||||||
Symrise AG | 2,053 | 202,079 | ||||||
611,002 | ||||||||
Real Estate (0.4%): | ||||||||
Deutsche Wohnen SE | 8,089 | 154,605 | ||||||
Vonovia Se | 4,892 | 106,468 | ||||||
261,073 | ||||||||
Utilities (0.5%): | ||||||||
E.ON SE | 19,736 | 152,704 | ||||||
RWE AG | 4,103 | 151,936 | ||||||
304,640 | ||||||||
3,419,186 | ||||||||
Hong Kong (4.7%): | ||||||||
Financials (0.6%): | ||||||||
AIA Group Ltd. | 18,523 | 154,449 | ||||||
Hang Seng Bank, Ltd. | 14,742 | 223,870 | ||||||
378,319 | ||||||||
Industrials (0.8%): | ||||||||
CK Hutchison Holdings Ltd. | 42,364 | 234,234 | ||||||
SITC International Holdings Co., Ltd. | 33,940 | 62,783 | ||||||
Techtronic Industries Co. | 10,083 | 97,434 | ||||||
Xinyi Glass Holdings, Ltd. | 47,093 | 68,515 | ||||||
462,966 | ||||||||
Real Estate (1.3%): | ||||||||
CK Asset Holdings Ltd. | 34,884 | 209,764 | ||||||
Henderson Land Development Co. Ltd. | 51,889 | 145,432 | ||||||
Sun Hung Kai Properties Ltd. | 22,948 | 253,909 | ||||||
The Wharf Holdings Ltd | 55,000 | 176,224 | ||||||
785,329 | ||||||||
Utilities (2.0%): | ||||||||
CK Infrastructure Holdings Ltd. | 46,222 | 235,838 | ||||||
CLP Holdings, Inc. | 60,101 | 454,429 | ||||||
Hong Kong & China Gas Co. Ltd. | 230,773 | 203,449 | ||||||
Power Assets Holdings Ltd. | 66,947 | 336,040 | ||||||
1,229,756 | ||||||||
2,856,370 | ||||||||
Ireland (0.9%): | ||||||||
Consumer Staples (0.3%): | ||||||||
Kerry Group PLC | 2,190 | 195,714 | ||||||
195,714 | ||||||||
Industrials (0.1%): | ||||||||
Kingspan Group PLC | 1,678 | 76,196 | ||||||
76,196 | ||||||||
Materials (0.5%): | ||||||||
CRH PLC | 4,833 | 156,615 | ||||||
Smurfit Kappa Group PLC | 4,638 | 133,298 | ||||||
289,913 | ||||||||
561,823 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Israel (1.1%): | ||||||||||
Financials (0.6%): | ||||||||||
Bank Hapoalim BM | 24,036 | 204,376 | ||||||||
Bank Leumi | 20,570 | 177,045 | ||||||||
381,421 | ||||||||||
Information Technology (0.3%): | ||||||||||
Nice Ltd. (a) | 788 | 150,530 | ||||||||
150,530 | ||||||||||
Materials (0.2%): | ||||||||||
ICL Group Ltd. | 15,764 | 127,615 | ||||||||
127,615 | ||||||||||
659,566 | ||||||||||
Italy (2.8%): | ||||||||||
Consumer Discretionary (0.2%): | ||||||||||
Moncler SpA | 2,859 | 118,757 | ||||||||
118,757 | ||||||||||
Energy (0.3%): | ||||||||||
Eni SpA | 15,313 | 163,707 | ||||||||
163,707 | ||||||||||
Financials (0.9%): | ||||||||||
Assicurazioni Generali SpA | 12,045 | 165,477 | ||||||||
Intesa Sanpaolo SpA | 71,412 | 119,157 | ||||||||
Poste Italiane SpA | 18,049 | 137,776 | ||||||||
UniCredit SpA | 11,445 | 117,286 | ||||||||
539,696 | ||||||||||
Industrials (0.3%): | ||||||||||
Atlantia SpA | 9,811 | 217,369 | ||||||||
217,369 | ||||||||||
Information Technology (0.2%): | ||||||||||
Nexi SpA (a) | 15,377 | 125,697 | ||||||||
125,697 | ||||||||||
Utilities (0.9%): | ||||||||||
Enel SpA | 30,618 | 126,731 | ||||||||
Snam SpA | 53,525 | 217,455 | ||||||||
Terna SpA | 28,985 | 177,515 | ||||||||
521,701 | ||||||||||
1,686,927 | ||||||||||
Japan (21.3%): | ||||||||||
Communication Services (1.8%): | ||||||||||
KDDI Corp. | 9,200 | 269,751 | ||||||||
Nexon Co. Ltd. | 6,200 | 109,339 | ||||||||
Nippon Telegraph & Telephone Corp. | 10,900 | 294,212 | ||||||||
Softbank Corp. | 29,300 | 292,878 | ||||||||
Z Holdings Corp. | 38,300 | 100,626 | ||||||||
1,066,806 | ||||||||||
Consumer Discretionary (2.1%): | ||||||||||
Bridgestone Corp. | 5,900 | 190,361 | ||||||||
Denso Corp. | 3,000 | 136,535 | ||||||||
Fast Retailing Co. Ltd. | 400 | 212,038 | ||||||||
Nitori Co. Ltd. | 1,900 | 160,051 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Japan (21.3%): (continued) | ||||||||||
Consumer Discretionary (2.1%): (continued) | ||||||||||
Panasonic Corp. | 21,400 | 150,026 | ||||||||
Shimano ORD | 700 | 110,000 | ||||||||
Suzuki Motor Co. | 5,800 | 179,599 | ||||||||
Toyota Industries Corp. | 3,000 | 142,630 | ||||||||
1,281,240 | ||||||||||
Consumer Staples (1.8%): | ||||||||||
Ajinomoto Co., Inc. | 8,400 | 229,983 | ||||||||
KAO Corp. | 7,400 | 301,604 | ||||||||
Seven & i Holdings Co., Ltd. | 5,600 | 224,681 | ||||||||
Shiseido Co., Ltd. | 3,800 | 132,768 | ||||||||
Unicharm Corp. | 6,100 | 200,228 | ||||||||
1,089,264 | ||||||||||
Energy (0.2%): | ||||||||||
Inpex Corp. | 13,400 | 125,842 | ||||||||
125,842 | ||||||||||
Financials (3.3%): | ||||||||||
Dai-ichi Life Holdings, Inc. | 10,600 | 167,889 | ||||||||
Japan Post Bank Co. Ltd. | 31,900 | 222,425 | ||||||||
Japan Post Holdings Co. Ltd. | 39,900 | 264,061 | ||||||||
Mitsubishi UFJ Financial Group, Inc. | 43,900 | 197,642 | ||||||||
MS&AD Insurance Group Holdings, Inc. | 8,900 | 235,923 | ||||||||
ORIX Corp. | 12,600 | 176,623 | ||||||||
Sompo Holdings, Inc. | 6,300 | 250,851 | ||||||||
Sumitomo Mitsui Financial Group, Inc. | 8,500 | 236,362 | ||||||||
Tokio Marine Holdings, Inc. | 15,000 | 265,876 | ||||||||
2,017,652 | ||||||||||
Health Care (2.3%): | ||||||||||
Astellas Pharma, Inc. | 14,500 | 192,084 | ||||||||
Chugai Pharmaceutical Co. Ltd. | 6,000 | 150,342 | ||||||||
Daiichi Sankyo Co. Ltd. | 7,200 | 201,108 | ||||||||
Hoya Corp. | 1,600 | 153,466 | ||||||||
M3, Inc. | 3,900 | 109,176 | ||||||||
Olympus Corp. | 8,200 | 157,444 | ||||||||
Shionogi & Co. Ltd. | 2,700 | 130,401 | ||||||||
Sysmex Corp. | 1,900 | 101,992 | ||||||||
Terumo Corp. | 6,300 | 177,363 | ||||||||
1,373,376 | ||||||||||
Industrials (4.5%): | ||||||||||
Daikin Industries Ltd. | 1,200 | 184,880 | ||||||||
Fanuc Corp. | 1,100 | 154,005 | ||||||||
Hitachi, Ltd. | 3,800 | 160,550 | ||||||||
ITOCHU Corp. | 8,100 | 195,965 | ||||||||
Komatsu Ltd. | 9,000 | 162,387 | ||||||||
Kubota Corp. | 9,800 | 135,714 | ||||||||
Marubeni Corp. | 19,300 | 169,113 | ||||||||
Mitsubishi Corp. | 7,200 | 197,427 | ||||||||
Mitsubishi Electric Corp. | 24,500 | 220,857 | ||||||||
Nidec Corp. | 2,500 | 140,453 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Japan (21.3%): (continued) | ||||||||||
Industrials (4.5%): (continued) | ||||||||||
Nippon Yusen KK | 3,900 | 66,487 | ||||||||
Secom Co. Ltd. | 4,800 | 274,513 | ||||||||
SMC Corp. | 300 | 120,697 | ||||||||
Sumitomo Corp. | 17,900 | 222,962 | ||||||||
Toshiba Corp. | 5,700 | 202,775 | ||||||||
Toyota Tsusho Corp. | 4,600 | 142,409 | ||||||||
2,751,194 | ||||||||||
Information Technology (3.4%): | ||||||||||
Advantest Corp. | 2,000 | 92,599 | ||||||||
Canon, Inc. | 9,600 | 210,429 | ||||||||
Fujifilm Holdings Corp. | 3,500 | 159,847 | ||||||||
Fujitsu, Ltd. | 1,200 | 130,896 | ||||||||
Keyence Corp. | 400 | 132,403 | ||||||||
Kyocera Corp. | 4,800 | 242,140 | ||||||||
Lasertec Corp. | 800 | 81,238 | ||||||||
Murata Manufacturing Co. Ltd. | 3,300 | 151,238 | ||||||||
Nomura Research Institute Ltd. | 5,500 | 134,925 | ||||||||
NTT Data Corp. | 11,200 | 144,421 | ||||||||
OBIC Co. Ltd. | 1,500 | 200,988 | ||||||||
Renesas Electronics Corp. (a) | 13,700 | 113,796 | ||||||||
TDK Corp. | 5,100 | 157,007 | ||||||||
Tokyo Electron Ltd. | 400 | 98,680 | ||||||||
2,050,607 | ||||||||||
Materials (0.8%): | ||||||||||
Nippon Paint Holdings Co. Ltd. | 13,600 | 92,008 | ||||||||
Nippon Steel Corp. | 10,300 | 142,816 | ||||||||
Shin-Etsu Chemical Co. Ltd. | 1,400 | 138,636 | ||||||||
Sumitomo Metal Mining Co., Ltd. | 3,700 | 106,364 | ||||||||
479,824 | ||||||||||
Real Estate (1.1%): | ||||||||||
Daiwa House Industry Co. Ltd. | 10,600 | 215,611 | ||||||||
Mitsubishi Estate Co. Ltd. | 20,800 | 272,595 | ||||||||
Mitsui Fudosan Co. Ltd. | 10,800 | 205,574 | ||||||||
693,780 | ||||||||||
12,929,585 | ||||||||||
Korea, Republic Of (4.7%): | ||||||||||
Communication Services (0.3%): | ||||||||||
Kakao Corp. | 1,969 | 78,589 | ||||||||
Naver Corp. | 717 | 96,980 | ||||||||
175,569 | ||||||||||
Consumer Discretionary (1.0%): | ||||||||||
Hyundai Mobis | 1,244 | 166,087 | ||||||||
Hyundai Motor Co. | 1,646 | 203,075 | ||||||||
Kia Corp. | 3,335 | 167,613 | ||||||||
LG Electronics, Inc. | 1,548 | 85,050 | ||||||||
621,825 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Korea, Republic Of (4.7%): (continued) | ||||||||||
Consumer Staples (0.2%): | ||||||||||
LG Household & Health Care Ltd. | 242 | 107,078 | ||||||||
107,078 | ||||||||||
Energy (0.2%): | ||||||||||
SK Innovation Co. Ltd. | 959 | 96,195 | ||||||||
96,195 | ||||||||||
Financials (0.8%): | ||||||||||
Hana Financial Group, Inc. | 5,649 | 139,981 | ||||||||
KB Financial Group, Inc. | 4,343 | 132,664 | ||||||||
Shinhan Financial Group Co. Ltd. | 7,983 | 186,936 | ||||||||
459,581 | ||||||||||
Health Care (0.4%): | ||||||||||
Celltrion, Inc. | 965 | 118,382 | ||||||||
Samsung Biologics Co., Ltd. (a) | 273 | 153,999 | ||||||||
272,381 | ||||||||||
Industrials (0.6%): | ||||||||||
HMM Co., Ltd. | 5,518 | 71,357 | ||||||||
Samsung C&T Corp. | 2,393 | 173,127 | ||||||||
SK, Inc. | 1,054 | 141,457 | ||||||||
385,941 | ||||||||||
Information Technology (0.8%): | ||||||||||
Samsung Electro-Mechanics Co., Ltd. | 1,331 | 104,202 | ||||||||
Samsung Electronics Co. Ltd. | 4,751 | 176,344 | ||||||||
Samsung SDI Co. Ltd. | 351 | 133,962 | ||||||||
SK Hynix, Inc. | 1,801 | 104,616 | ||||||||
519,124 | ||||||||||
Materials (0.4%): | ||||||||||
LG Chem Ltd. | 302 | 113,150 | ||||||||
POSCO | 776 | 114,452 | ||||||||
227,602 | ||||||||||
2,865,296 | ||||||||||
Luxembourg (0.5%): | ||||||||||
Energy (0.2%): | ||||||||||
Tenaris SA | 9,828 | 127,748 | ||||||||
127,748 | ||||||||||
Health Care (0.2%): | ||||||||||
Eurofins Scientific SE | 1,444 | 86,484 | ||||||||
86,484 | ||||||||||
Materials (0.1%): | ||||||||||
ArcelorMittal SA | 4,095 | 82,922 | ||||||||
82,922 | ||||||||||
297,154 | ||||||||||
Netherlands (2.3%): | ||||||||||
Consumer Discretionary (0.2%): | ||||||||||
Prosus N.V. | 2,006 | 106,088 | ||||||||
106,088 | ||||||||||
Financials (0.6%): | ||||||||||
ABN AMRO Group N.V. | 12,236 | 110,644 | ||||||||
ING Groep NV | 14,306 | 124,176 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Netherlands (2.3%): (continued) | ||||||||||
Financials (0.6%): (continued) | ||||||||||
NN Group NV | 3,613 | 141,509 | ||||||||
376,329 | ||||||||||
Industrials (0.6%): | ||||||||||
Randstad N.V. | 3,212 | 140,313 | ||||||||
Wolters Kluwer N.V. | 2,433 | 238,220 | ||||||||
378,533 | ||||||||||
Information Technology (0.4%): | ||||||||||
Adyen N.V. (a) | 64 | 81,641 | ||||||||
ASM International NV | 408 | 93,453 | ||||||||
ASML Holding N.V. | 238 | 101,123 | ||||||||
276,217 | ||||||||||
Materials (0.5%): | ||||||||||
AKZO Nobel N.V | 2,289 | 130,812 | ||||||||
Koninklijke DSM N.V. | 1,287 | 148,120 | ||||||||
278,932 | ||||||||||
1,416,099 | ||||||||||
New Zealand (0.2%): | ||||||||||
Health Care (0.2%): | ||||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 11,121 | 115,090 | ||||||||
115,090 | ||||||||||
Norway (1.4%): | ||||||||||
Communication Services (0.3%): | ||||||||||
Telenor ASA | 17,372 | 159,087 | ||||||||
159,087 | ||||||||||
Consumer Staples (0.1%): | ||||||||||
Mowi ASA | 6,581 | 83,754 | ||||||||
83,754 | ||||||||||
Energy (0.2%): | ||||||||||
Equinor ASA | 4,115 | 135,406 | ||||||||
135,406 | ||||||||||
Financials (0.5%): | ||||||||||
DNB Bank ASA | 8,901 | 141,375 | ||||||||
Gjensidige Forsikring ASA | 10,174 | 174,822 | ||||||||
316,197 | ||||||||||
Materials (0.3%): | ||||||||||
Norsk Hydro ASA | 13,351 | 72,185 | ||||||||
Yara International ASA | 3,098 | 109,115 | ||||||||
181,300 | ||||||||||
875,744 | ||||||||||
Portugal (0.6%): | ||||||||||
Consumer Staples (0.3%): | ||||||||||
Jeronimo Martins & Filho SA | 9,262 | 172,895 | ||||||||
172,895 | ||||||||||
Utilities (0.3%): | ||||||||||
EDP - Energias de Portugal SA | 44,922 | 195,445 | ||||||||
195,445 | ||||||||||
368,340 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Russian Federation (0.0%):† | ||||||||||
Materials (0.0%):† | ||||||||||
Evraz PLC (b) | 38,723 | 17,507 | ||||||||
17,507 | ||||||||||
Singapore (2.3%): | ||||||||||
Communication Services (0.5%): | ||||||||||
Singapore Telecommunications, Ltd. | 179,900 | 333,264 | ||||||||
333,264 | ||||||||||
Consumer Staples (0.4%): | ||||||||||
Wilmar International Ltd. | 82,700 | 221,163 | ||||||||
221,163 | ||||||||||
Financials (1.4%): | ||||||||||
DBS Group Holdings Ltd. | 11,900 | 276,719 | ||||||||
Oversea-Chinese Banking Corp. Ltd. | 36,800 | 303,185 | ||||||||
United Overseas Bank | 13,200 | 240,485 | ||||||||
820,389 | ||||||||||
1,374,816 | ||||||||||
Spain (2.4%): | ||||||||||
Consumer Discretionary (0.3%): | ||||||||||
Industria de Diseno Textil SA | 7,974 | 166,276 | ||||||||
166,276 | ||||||||||
Energy (0.3%): | ||||||||||
Repsol SA | 15,074 | 174,372 | ||||||||
174,372 | ||||||||||
Financials (0.2%): | ||||||||||
Caixabank SA | 47,099 | 152,811 | ||||||||
152,811 | ||||||||||
Health Care (0.1%): | ||||||||||
Grifols SA (a) | 9,447 | 82,222 | ||||||||
82,222 | ||||||||||
Industrials (0.3%): | ||||||||||
Ferrovial SA | 8,257 | 189,250 | ||||||||
189,250 | ||||||||||
Utilities (1.2%): | ||||||||||
Endesa SA | 10,027 | 151,509 | ||||||||
Iberdrola SA | 18,989 | 178,296 | ||||||||
Naturgy Energy Group SA | 7,026 | 163,376 | ||||||||
Red Electrica Corp. SA | 14,356 | 221,000 | ||||||||
714,181 | ||||||||||
1,479,112 | ||||||||||
Sweden (5.0%): | ||||||||||
Communication Services (0.3%): | ||||||||||
Telia Co. AB | 73,079 | 211,030 | ||||||||
211,030 | ||||||||||
Consumer Staples (0.3%): | ||||||||||
Essity Aktiebolag, Class B | 8,765 | 174,480 | ||||||||
174,480 | ||||||||||
Energy (0.5%): | ||||||||||
Orron Energy AB | 153,736 | 276,857 | ||||||||
276,857 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Sweden (5.0%): (continued) | ||||||||||
Financials (1.6%): | ||||||||||
EQT AB | 2,785 | 55,013 | ||||||||
Industrivarden AB, Class C | 7,413 | 149,237 | ||||||||
Investor AB, Class B | 8,904 | 131,313 | ||||||||
L E Lundbergforetagen AB, Class B | 3,725 | 135,810 | ||||||||
Skandinavisk Enskilda Banken AB | 15,351 | 147,809 | ||||||||
Svenska Handelsbanken AB | 22,299 | 184,192 | ||||||||
Swedbank AB, Class A Shares | 11,175 | 147,950 | ||||||||
951,324 | ||||||||||
Health Care (0.1%): | ||||||||||
Getinge AB, Class B Shares | 4,088 | 70,652 | ||||||||
70,652 | ||||||||||
Industrials (1.4%): | ||||||||||
ALFA Laval AB | 5,007 | 125,673 | ||||||||
ASSA Abloy AB | 7,041 | 133,115 | ||||||||
Atlas Copco AB, Class A (a) | 13,311 | 125,767 | ||||||||
Epiroc AB, Class A | 8,169 | 117,948 | ||||||||
Nibe Industrier AB, Class B | 11,997 | 108,268 | ||||||||
Sandvik AB | 7,829 | 107,674 | ||||||||
Volvo AB | 10,677 | 152,167 | ||||||||
870,612 | ||||||||||
Information Technology (0.3%): | ||||||||||
Hexagon AB, Class B | 11,939 | 112,696 | ||||||||
Telefonaktiebolaget LM Ericsson, Class B | 16,232 | 95,839 | ||||||||
208,535 | ||||||||||
Materials (0.4%): | ||||||||||
Boliden AB | 3,215 | 100,448 | ||||||||
Svenska Cellulosa AB SCA, Class B | 9,770 | 125,077 | ||||||||
225,525 | ||||||||||
Real Estate (0.1%): | ||||||||||
Fastighets AB Balder, Class B Shares (a) | 15,562 | 62,791 | ||||||||
62,791 | ||||||||||
3,051,806 | ||||||||||
Switzerland (6.8%): | ||||||||||
Communication Services (0.5%): | ||||||||||
Swisscom AG | 658 | 309,156 | ||||||||
309,156 | ||||||||||
Consumer Discretionary (0.4%): | ||||||||||
CIE Financiere Richemont SA | 1,112 | 106,274 | ||||||||
The Swatch Group AG | 625 | 142,233 | ||||||||
248,507 | ||||||||||
Consumer Staples (0.8%): | ||||||||||
Barry Callebaut AG | 141 | 267,135 | ||||||||
Chocoladefabriken Lindt & Spruengli AG | 20 | 193,817 | ||||||||
460,952 | ||||||||||
Financials (1.1%): | ||||||||||
Julius Baer Group Ltd. | 3,484 | 153,628 | ||||||||
Partners Group Holding AG | 152 | 123,973 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Switzerland (6.8%): (continued) | ||||||||||
Financials (1.1%): (continued) | ||||||||||
Swiss Life Holding AG | 429 | 190,691 | ||||||||
Swiss Re AG | 2,796 | 207,354 | ||||||||
675,646 | ||||||||||
Health Care (0.6%): | ||||||||||
Alcon, Inc. | 2,617 | 154,235 | ||||||||
Sonova Holding AG | 470 | 104,815 | ||||||||
Straumann Holding AG, Class R | 1,119 | 104,175 | ||||||||
363,225 | ||||||||||
Industrials (1.6%): | ||||||||||
ABB Ltd. | 7,183 | 187,857 | ||||||||
Geberit AG | 452 | 195,874 | ||||||||
Kuehne & Nagel International AG | 665 | 136,168 | ||||||||
Schindler Holding AG | 1,110 | 174,011 | ||||||||
SGS SA | 106 | 228,333 | ||||||||
VAT Group AG | 412 | 85,115 | ||||||||
1,007,358 | ||||||||||
Information Technology (0.4%): | ||||||||||
Logitech International SA, Class R | 2,320 | 108,063 | ||||||||
STMicroelectronics N.V. | 4,224 | 133,465 | ||||||||
241,528 | ||||||||||
Materials (1.4%): | ||||||||||
EMS-Chemie Holding AG | 270 | 172,017 | ||||||||
Givaudan SA | 58 | 176,558 | ||||||||
Glencore PLC | 25,176 | 134,379 | ||||||||
Holcim, Ltd. | 5,341 | 221,869 | ||||||||
Sika AG | 623 | 126,747 | ||||||||
831,570 | ||||||||||
4,137,942 | ||||||||||
United Kingdom (5.9%): | ||||||||||
Communication Services (0.2%): | �� | |||||||||
BT Group PLC | 69,040 | 93,523 | ||||||||
93,523 | ||||||||||
Consumer Discretionary (0.2%): | ||||||||||
Next PLC | 2,466 | 132,161 | ||||||||
132,161 | ||||||||||
Consumer Staples (0.2%): | ||||||||||
Associated British Foods PLC | 8,852 | 124,655 | ||||||||
124,655 | ||||||||||
Financials (1.8%): | ||||||||||
3I Group PLC | 10,650 | 129,942 | ||||||||
Admiral Group PLC | 6,451 | 137,867 | ||||||||
Aviva PLC | 41,489 | 179,791 | ||||||||
Legal & General Group PLC | 54,563 | 131,867 | ||||||||
Lloyds Banking Group PLC | 254,850 | 117,750 | ||||||||
London Stock Exchange Group | 1,763 | 150,121 | ||||||||
Schroders PLC | 28,341 | 123,163 | ||||||||
Standard Chartered PLC | 22,246 | 140,754 | ||||||||
1,111,255 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
United Kingdom (5.9%): (continued) | ||||||||||
Health Care (0.3%): | ||||||||||
Smith & Nephew PLC | 13,231 | 155,156 | ||||||||
155,156 | ||||||||||
Industrials (2.1%): | ||||||||||
Ashtead Group PLC | 2,944 | 134,281 | ||||||||
Bunzl PLC | 6,819 | 210,092 | ||||||||
Ferguson PLC | 1,754 | 184,129 | ||||||||
Intertek Group PLC | 3,288 | 136,061 | ||||||||
RELX PLC | 9,265 | 227,741 | ||||||||
Rentokil Initial PLC | 29,915 | 159,456 | ||||||||
Rolls-Royce Holdings PLC (a) | 91,421 | 71,019 | ||||||||
Spirax-Sarco Engineering PLC | 1,240 | 143,958 | ||||||||
1,266,737 | ||||||||||
Information Technology (0.2%): | ||||||||||
Halma PLC | 6,547 | 149,457 | ||||||||
149,457 | ||||||||||
Materials (0.6%): | ||||||||||
Anglo American PLC | 2,645 | 80,768 | ||||||||
Croda International PLC | 2,085 | 150,029 | ||||||||
Rio Tinto PLC | 2,147 | 117,342 | ||||||||
348,139 | ||||||||||
Utilities (0.3%): | ||||||||||
SSE PLC | 10,468 | 178,494 | ||||||||
178,494 | ||||||||||
3,559,577 | ||||||||||
United States (0.5%): | ||||||||||
Industrials (0.5%): | ||||||||||
Waste Connections, Inc. | 2,432 | 328,651 | ||||||||
328,651 | ||||||||||
Total Common Stocks (Cost $77,469,290) | 60,218,356 | |||||||||
Total Investments (Cost $77,469,290) — 99.0% | 60,218,356 | |||||||||
Other assets in excess of liabilities — 1.0% | 596,176 | |||||||||
NET ASSETS - 100.00% | 60,814,532 |
Percentages indicated are based on net assets as of September 30, 2022.
† | Represents less than 0.05%. |
(a) | Non-income producing security. |
(b) | Security was fair valued based upon procedures approved by the Board of Trustees and represents 0.0% of the Fund’s net assets as of September 30, 2022. This security is classified as Level 3 within the fair value hierarchy. |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan International ETF |
(Unaudited) |
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) | 12/16/22 | 4 | $ | 332,120 | $ | (18,711) | ||||||||||
|
| |||||||||||||||
$ | (18,711) | |||||||||||||||
|
|
Schedule of Portfolio Investments | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||
Common Stocks (22.4%) | ||||||
Communication Services (0.2%): | ||||||
Liberty Media Corp-Liberty Formula One, Class C(a) | 1,099 | 64,291 | ||||
Lumen Technologies, Inc. | 3,925 | 28,574 | ||||
News Corp., Class A | 3,024 | 45,693 | ||||
ZoomInfo Technologies, Inc.(a) | 574 | 23,913 | ||||
162,471 | ||||||
Consumer Discretionary (1.8%): | ||||||
Aptiv PLC(a) | 428 | 33,474 | ||||
AutoZone, Inc.(a) | 36 | 77,110 | ||||
Bath & Body Works, Inc. | 924 | 30,122 | ||||
Booking Holdings, Inc.(a) | 21 | 34,507 | ||||
Burlington Stores, Inc.(a) | 206 | 23,049 | ||||
CarMax, Inc.(a) | 503 | 33,208 | ||||
Chewy, Inc., Class A(a) | 607 | 18,647 | ||||
Chipotle Mexican Grill, Inc.(a) | 34 | 51,094 | ||||
Dollar General Corp. | 318 | 76,275 | ||||
Dollar Tree, Inc.(a) | 277 | 37,700 | ||||
Domino’s Pizza, Inc. | 140 | 43,428 | ||||
DR Horton, Inc. | 738 | 49,704 | ||||
Garmin Ltd. | 600 | 48,186 | ||||
Genuine Parts Co. | 609 | 90,936 | ||||
Lennar Corp. | 680 | 50,694 | ||||
LKQ Corp. | 1,207 | 56,910 | ||||
Lowe’s Cos., Inc. | 323 | 60,663 | ||||
NVR, Inc.(a) | 15 | 59,806 | ||||
O’Reilly Automotive, Inc.(a) | 111 | 78,072 | ||||
Pool Corp. | 137 | 43,595 | ||||
Pultegroup, Inc. | 1,222 | 45,825 | ||||
Ross Stores, Inc. | 582 | 49,045 | ||||
Tapestry, Inc. | 1,251 | 35,566 | ||||
Tesla, Inc.(a) | 98 | 25,995 | ||||
Tractor Supply Co. | 292 | 54,277 | ||||
Vail Resorts, Inc. | 226 | 48,735 | ||||
1,256,623 | ||||||
Consumer Staples (0.9%): | ||||||
Bunge, Ltd. | 608 | 50,203 | ||||
Campbell Soup Co. | 1,869 | 88,067 | ||||
Costco Wholesale Corp. | 140 | 66,118 | ||||
Darling Ingredients, Inc.(a) | 647 | 42,799 | ||||
Hormel Foods Corp. | 1,785 | 81,110 | ||||
McCormick & Co., Inc. | 875 | 62,361 | ||||
Monster Beverage Corp.(a) | 812 | 70,612 | ||||
Sysco Corp. | 761 | 53,810 | ||||
The JM Smucker Co. | 605 | 83,133 | ||||
Tyson Foods, Inc., Class A | 763 | 50,305 | ||||
648,518 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
Energy (1.2%): | ||||||
APA Corp. | 797 | 27,249 | ||||
ConocoPhillips | 531 | 54,343 | ||||
Continental Resources, Inc. | 575 | 38,416 | ||||
Coterra Energy, Inc. | 1,453 | 37,952 | ||||
Devon Energy Corp. | 592 | 35,597 | ||||
Diamondback Energy, Inc. | 276 | 33,247 | ||||
EOG Resources, Inc. | 379 | 42,346 | ||||
Halliburton Co. | 1,061 | 26,122 | ||||
Hess Corp. | 400 | 43,596 | ||||
Kinder Morgan, Inc. | 3,827 | 63,681 | ||||
Marathon Oil Corp. | 1,495 | 33,757 | ||||
Marathon Petroleum Corp. | 669 | 66,452 | ||||
Occidental Petroleum Corp. | 517 | 31,770 | ||||
ONEOK, Inc. | 881 | 45,142 | ||||
Ovintiv, Inc. | 667 | 30,682 | ||||
Phillips 66 | 599 | 48,351 | ||||
Pioneer Natural Resources Co. | 215 | 46,554 | ||||
Schlumberger N.V. | 1,027 | 36,869 | ||||
The Williams Cos., Inc. | 2,383 | 68,225 | ||||
Valero Energy Corp. | 470 | 50,220 | ||||
860,571 | ||||||
Financials (2.5%): | ||||||
Aflac, Inc. | 1,292 | 72,610 | ||||
American Financial Group, Inc. | 539 | 66,259 | ||||
Arch Capital Group Ltd.(a) | 1,679 | 76,462 | ||||
Ares Management Corp., Class A | 636 | 39,400 | ||||
Arthur J Gallagher & Co. | 470 | 80,473 | ||||
Brown & Brown, Inc. | 1,022 | 61,811 | ||||
Cboe Global Markets, Inc. | 673 | 78,990 | ||||
Cincinnati Financial Corp. | 501 | 44,875 | ||||
CNA Financial Corp. | 1,647 | 60,774 | ||||
Coinbase Global, Inc., Class A(a) | 175 | 11,286 | ||||
East West Bancorp, Inc. | 655 | 43,977 | ||||
Everest Re Group, Ltd. | 249 | �� | 65,348 | |||
FactSet Research Systems, Inc. | 198 | 79,222 | ||||
First Citizens BancShares, Inc., Class A | 77 | 61,402 | ||||
First Republic Bank | 372 | 48,565 | ||||
Franklin Resources, Inc. | 1,974 | 42,480 | ||||
Interactive Brokers Group, Inc. | 881 | 56,305 | ||||
Intercontinental Exchange, Inc. | 695 | 62,793 | ||||
LPL Financial Holdings, Inc. | 251 | 54,838 | ||||
Markel Corp.(a) | 58 | 62,885 | ||||
MarketAxess Holdings, Inc. | 224 | 49,838 | ||||
Morningstar, Inc. | 224 | 47,560 | ||||
MSCI, Inc. | 112 | 47,240 | ||||
Nasdaq, Inc. | 1,379 | 78,162 | ||||
Principal Financial Group, Inc. | 877 | 63,275 | ||||
Raymond James Financial, Inc. | 577 | 57,019 | ||||
Rocket Cos., Inc., Class A | 4,341 | 27,435 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
Financials (2.5%): (continued) | ||||||
Signature Bank | 153 | 23,103 | ||||
SVB Financial Group(a) | 79 | 26,527 | ||||
Tradeweb Markets, Inc., Class A | 881 | 49,706 | ||||
Upstart Holdings, Inc.(a) | 180 | 3,742 | ||||
Webster Financial Corp. | 1,016 | 45,923 | ||||
WR Berkley Corp. | 1,223 | 78,981 | ||||
1,769,266 | ||||||
Health Care (2.8%): | ||||||
ABIOMED, Inc.(a) | 140 | 34,392 | ||||
Agilent Technologies, Inc. | 526 | 63,935 | ||||
Align Technology, Inc.(a) | 101 | 20,918 | ||||
Amgen, Inc. | 341 | 76,861 | ||||
Avantor, Inc.(a) | 1,899 | 37,220 | ||||
Baxter International, Inc. | 1,096 | 59,031 | ||||
Bio-Rad Laboratories, Inc., Class A(a) | 98 | 40,880 | ||||
Bruker Corp. | 846 | 44,889 | ||||
Cardinal Health, Inc. | 1,022 | 68,147 | ||||
Catalent, Inc.(a) | 514 | 37,193 | ||||
Centene Corp.(a) | 677 | 52,677 | ||||
Charles River Laboratories International, Inc.(a) | 177 | 34,834 | ||||
Danaher Corp. | 244 | 63,023 | ||||
DaVita, Inc.(a) | 529 | 43,785 | ||||
DENTSPLY SIRONA, Inc. | 1,388 | 39,350 | ||||
Dexcom, Inc.(a) | 314 | 25,290 | ||||
Edwards Lifesciences Corp.(a) | 485 | 40,076 | ||||
HCA Healthcare, Inc. | 238 | 43,742 | ||||
Henry Schein, Inc.(a) | 854 | 56,168 | ||||
Horizon Therapeutics PLC(a) | 567 | 35,092 | ||||
Humana, Inc. | 121 | 58,708 | ||||
IDEXX Laboratories, Inc.(a) | 105 | 34,209 | ||||
Illumina, Inc.(a) | 128 | 24,421 | ||||
Incyte Corp.(a) | 767 | 51,113 | ||||
Insulet Corp.(a) | 141 | 32,345 | ||||
Intuitive Surgical, Inc.(a) | 194 | 36,363 | ||||
IQVIA Holdings, Inc.(a) | 276 | 49,995 | ||||
Mettler-Toledo International, Inc.(a) | 50 | 54,206 | ||||
Molina Healthcare, Inc.(a) | 176 | 58,052 | ||||
PerkinElmer, Inc. | 357 | 42,958 | ||||
Regeneron Pharmaceuticals, Inc.(a) | 96 | 66,131 | ||||
Repligen Corp.(a) | 223 | 41,726 | ||||
ResMed, Inc. | 261 | 56,976 | ||||
STERIS PLC | 291 | 48,387 | ||||
Stryker Corp. | 267 | 54,078 | ||||
Teleflex, Inc. | 175 | 35,255 | ||||
Veeva Systems, Inc., Class A(a) | 234 | 38,582 | ||||
Vertex Pharamaceuticals, Inc.(a) | 265 | 76,728 | ||||
Waters Corp.(a) | 235 | 63,340 | ||||
West Pharmaceutical Services, Inc. | 140 | 34,451 | ||||
Zimmer Biomet Holdings, Inc. | 471 | 49,243 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
Health Care (2.8%): (continued) | ||||||||
Zoetis, Inc. | 407 | 60,354 | ||||||
1,985,124 | ||||||||
Industrials (5.4%): | ||||||||
A.O. Smith Corp. | 1,071 | 52,029 | ||||||
AMERCO, Inc. | 131 | 66,708 | ||||||
AMETEK, Inc. | 713 | 80,861 | ||||||
Builders FirstSource, Inc.(a) | 728 | 42,894 | ||||||
Carlisle Companies, Inc. | 332 | 93,096 | ||||||
Carrier Global Corp. | 1,462 | 51,989 | ||||||
Caterpillar, Inc. | 310 | 50,865 | ||||||
CH Robinson Worldwide, Inc. | 642 | 61,831 | ||||||
Cintas Corp. | 187 | 72,592 | ||||||
Copart, Inc.(a) | 486 | 51,710 | ||||||
Costar Group, Inc.(a) | 728 | 50,705 | ||||||
CSX Corp. | 2,222 | 59,194 | ||||||
Deere & Co. | 138 | 46,077 | ||||||
Dover Corp. | 533 | 62,137 | ||||||
Eaton Corp. PLC | 518 | 69,080 | ||||||
Emerson Electric Co. | 801 | 58,649 | ||||||
Equifax, Inc. | 278 | 47,658 | ||||||
Expeditors International of Washington, Inc. | 756 | 66,762 | ||||||
Fastenal Co. | 1,559 | 71,776 | ||||||
Fortive Corp. | 1,239 | 72,234 | ||||||
Fortune Brands Home & Security, Inc. | 841 | 45,153 | ||||||
Generac Holdings, Inc.(a) | 136 | 24,227 | ||||||
General Dynamics Corp. | 398 | 84,444 | ||||||
Graco, Inc. | 1,209 | 72,480 | ||||||
HEICO Corp. | 472 | 67,959 | ||||||
Honeywell International, Inc. | 444 | 74,135 | ||||||
Howmet Aerospace, Inc. | 1,518 | 46,952 | ||||||
IDEX Corp. | 406 | 81,139 | ||||||
Illinois Tool Works, Inc. | 471 | 85,086 | ||||||
Ingersoll Rand, Inc. | 1,372 | 59,353 | ||||||
J.B. Hunt Transport Services, Inc. | 369 | 57,719 | ||||||
Johnson Controls International PLC | 1,138 | 56,012 | ||||||
Leidos Holdings, Inc. | 596 | 52,132 | ||||||
Masco Corp. | 1,412 | 65,926 | ||||||
Nordson Corp. | 343 | 72,809 | ||||||
Norfolk Southern Corp. | 302 | 63,314 | ||||||
Old Dominion Freight Line, Inc. | 236 | 58,710 | ||||||
Otis Worldwide Corp. | 1,026 | 65,459 | ||||||
PACCAR, Inc. | 905 | 75,739 | ||||||
Parker Hannifin Corp. | 242 | 58,639 | ||||||
Quanta Services, Inc. | 366 | 46,625 | ||||||
Regal Rexnord Corp. | 432 | 60,636 | ||||||
Republic Services, Inc. | 677 | 92,099 | ||||||
Robert Half International, Inc. | 600 | 45,900 | ||||||
Rockwell Automation, Inc. | 286 | 61,521 | ||||||
Rollins, Inc. | 1,822 | 63,187 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
Industrials (5.4%): (continued) | ||||||
Roper Technologies, Inc. | 192 | 69,051 | ||||
Snap-on, Inc. | 352 | 70,875 | ||||
Trane Technologies PLC | 471 | 68,206 | ||||
TransDigm Group, Inc. | 92 | 48,283 | ||||
TransUnion | 679 | 40,394 | ||||
Trex Co., Inc.(a) | 587 | 25,793 | ||||
Union Pacific Corp. | 376 | 73,252 | ||||
United Rentals, Inc.(a) | 163 | 44,030 | ||||
Verisk Analytics, Inc. | 398 | 67,871 | ||||
Waste Management, Inc. | 618 | 99,010 | ||||
Watsco, Inc. | 275 | 70,801 | ||||
Westinghouse Air Brake Technologies Corp. | 727 | 59,141 | ||||
WW Grainger, Inc. | 160 | 78,270 | ||||
Xylem, Inc. | 738 | 64,472 | ||||
3,745,651 | ||||||
Information Technology (3.3%): | ||||||
Advanced Micro Devices, Inc.(a) | 333 | 21,099 | ||||
Akamai Technologies, Inc.(a) | 651 | 52,288 | ||||
Amphenol Corp., Class A | 1,098 | 73,522 | ||||
Analog Devices, Inc. | 378 | 52,671 | ||||
ANSYS, Inc.(a) | 186 | 41,236 | ||||
AppLovin Corp., Class A(a) | 517 | 10,076 | ||||
Arista Networks, Inc.(a) | 343 | 38,721 | ||||
Bentley Systems, Inc., Class B | 1,114 | 34,077 | ||||
Broadcom, Inc. | 106 | 47,065 | ||||
Broadridge Financial Solutions, Inc. | 495 | 71,438 | ||||
Cadence Design Systems, Inc.(a) | 317 | 51,807 | ||||
CDW Corp. | 392 | 61,183 | ||||
Cognex Corp. | 673 | 27,896 | ||||
Cognizant Technology Solutions Corp., Class A | 913 | 52,443 | ||||
Dynatrace, Inc.(a) | 858 | 29,867 | ||||
Enphase Energy, Inc.(a) | 137 | 38,013 | ||||
Entegris, Inc. | 408 | 33,872 | ||||
EPAM Systems, Inc.(a) | 67 | 24,267 | ||||
F5, Inc.(a) | 300 | 43,419 | ||||
Fair Isaac Corp.(a) | 119 | 49,029 | ||||
Fidelity National Information Services, Inc. | 520 | 39,296 | ||||
FleetCor Technologies, Inc.(a) | 245 | 43,162 | ||||
Fortinet, Inc.(a) | 558 | 27,415 | ||||
Gartner, Inc.(a) | 177 | 48,974 | ||||
Jack Henry & Associates, Inc. | 392 | 71,450 | ||||
Juniper Networks, Inc. | 1,973 | 51,535 | ||||
Keysight Technologies, Inc.(a) | 443 | 69,710 | ||||
KLA Corp. | 124 | 37,526 | ||||
Lam Research Corp. | 87 | 31,842 | ||||
Microchip Technology, Inc. | 718 | 43,820 | ||||
Monolithic Power Systems, Inc. | 99 | 35,977 | ||||
NetApp, Inc. | 826 | 51,088 | ||||
NVIDIA Corp. | 143 | 17,359 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
Information Technology (3.3%): (continued) | ||||||
NXP Semiconductors NV | 273 | 40,270 | ||||
ON Semiconductor Corp.(a) | 645 | 40,203 | ||||
Paychex, Inc. | 591 | 66,316 | ||||
Paycom Software, Inc.(a) | 131 | 43,229 | ||||
Paylocity Holding Corp.(a) | 198 | 47,833 | ||||
PTC, Inc.(a) | 516 | 53,974 | ||||
Qorvo, Inc.(a) | 418 | 33,193 | ||||
ServiceNow, Inc.(a) | 79 | 29,831 | ||||
Skyworks Solutions, Inc. | 444 | 37,860 | ||||
SS&C Technologies Holdings, Inc. | 1,128 | 53,862 | ||||
Synopsys, Inc.(a) | 157 | 47,965 | ||||
TE Connectivity Ltd. | 536 | 59,153 | ||||
Teledyne Technologies, Inc.(a) | 168 | 56,695 | ||||
Teradyne, Inc. | 351 | 26,378 | ||||
The Trade Desk, Inc., Class A(a) | 345 | 20,614 | ||||
Trimble, Inc.(a) | 830 | 45,044 | ||||
Tyler Technologies, Inc.(a) | 133 | 46,218 | ||||
Ubiquiti, Inc. | 162 | 47,557 | ||||
Western Digital Corp.(a) | 939 | 30,564 | ||||
Zebra Technologies Corp.(a) | 133 | 34,847 | ||||
2,284,749 | ||||||
Materials (1.7%): | ||||||
Albemarle Corp. | 181 | 47,864 | ||||
Alcoa Corp. | 350 | 11,781 | ||||
Avery Dennison Corp. | 385 | 62,639 | ||||
Ball Corp. | 807 | 38,994 | ||||
Celanese Corp. | 452 | 40,834 | ||||
CF Industries Holdings, Inc. | 394 | 37,922 | ||||
Cleveland-Cliffs, Inc.(a) | 1,019 | 13,726 | ||||
Eastman Chemical Co. | 577 | 40,996 | ||||
Ecolab, Inc. | 395 | 57,046 | ||||
FMC Corp. | 439 | 46,402 | ||||
Freeport-McMoRan, Inc. | 824 | 22,520 | ||||
International Flavors & Fragrances, Inc. | 546 | 49,593 | ||||
International Paper Co. | 1,697 | 53,795 | ||||
LyondellBasell Industries NV, Class A | 632 | 47,577 | ||||
Martin Marietta Materials, Inc. | 176 | 56,688 | ||||
Newmont Corp. | 742 | 31,186 | ||||
Nucor Corp. | 267 | 28,566 | ||||
Packaging Corp. of America | 499 | 56,033 | ||||
PPG Industries, Inc. | 516 | 57,116 | ||||
Reliance Steel & Aluminum Co. | 368 | 64,183 | ||||
RPM International, Inc. | 956 | 79,644 | ||||
Steel Dynamics, Inc. | 516 | 36,610 | ||||
The Mosaic Co. | 543 | 26,243 | ||||
The Sherwin-Williams Co. | 306 | 62,654 | ||||
Vulcan Materials Co. | 379 | 59,772 | ||||
Westlake Chemical Corp. | 477 | 41,442 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan US Large/Mid Cap Core Enhanced ETF |
(Unaudited) |
Materials (1.7%): (continued) | ||||||||||
Westrock Co. | 1,277 | 39,447 | ||||||||
1,211,273 | ||||||||||
Real Estate (0.1%): | ||||||||||
CBRE Group, Inc., Class A(a) | 704 | 47,527 | ||||||||
47,527 | ||||||||||
Utilities (2.5%): | ||||||||||
Alliant Energy Corp. | 1,525 | 80,810 | ||||||||
Ameren Corp. | 1,096 | 88,283 | ||||||||
American Electric Power Co., Inc. | 1,066 | 92,156 | ||||||||
American Water Works Co., Inc. | 529 | 68,855 | ||||||||
Atmos Energy Corp. | 773 | 78,730 | ||||||||
CenterPoint Energy, Inc. | 2,927 | 82,483 | ||||||||
CMS Energy Corp. | 1,474 | 85,846 | ||||||||
Consolidated Edison, Inc. | 1,030 | 88,333 | ||||||||
Dominion Energy, Inc. | 1,120 | 77,403 | ||||||||
DTE Energy Co. | 801 | 92,155 | ||||||||
Entergy Corp. | 699 | 70,340 | ||||||||
Essential Utilities, Inc. | 1,785 | 73,863 | ||||||||
Evergy, Inc. | 1,554 | 92,307 | ||||||||
Eversource Energy | 1,030 | 80,299 | ||||||||
FirstEnergy Corp. | 2,087 | 77,219 | ||||||||
NextEra Energy, Inc. | 850 | 66,648 | ||||||||
NiSource, Inc. | 3,335 | 84,009 | ||||||||
PPL Corp. | 3,611 | 91,539 | ||||||||
The Southern Co. | 1,452 | 98,736 | ||||||||
WEC Energy Group, Inc. | 961 | 85,942 | ||||||||
Xcel Energy, Inc. | 1,329 | 85,056 | ||||||||
1,741,012 | ||||||||||
Total Common Stocks (Cost $17,483,792) | 15,712,785 | |||||||||
Investment Company (77.4%) | ||||||||||
BlackRock Liquidity Funds T-Fund, Institutional Class, 2.79%(b) | 54,083,364 | 54,083,364 | ||||||||
Total Investment Company (Cost $54,083,364) | 54,083,364 | |||||||||
Total Investments (Cost $71,567,156) — 99.8% | 69,796,149 | |||||||||
Other assets in excess of liabilities — 0.2% | 104,193 | |||||||||
NET ASSETS - 100.00% | 69,900,342 |
Percentages indicated are based on net assets as of September 30, 2022.
(a) | Non-income producing security. |
(b) | Rate disclosed is the 7-Day effective yield on September 30, 2022. |
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) | 12/16/22 | 1 | $ 180,075 | $ (20,029) | ||||||||||||
|
| |||||||||||||||
$ (20,029) | ||||||||||||||||
|
|
Schedule of Portfolio Investments | ||
September 30, 2022
| ||
Timothy Plan High Dividend Stock Enhanced ETF |
(Unaudited) |
SECURITY DESCRIPTION | SHARES | VALUE ($) | ||||||||
Common Stocks (99.4%) | ||||||||||
Communication Services (0.5%): | ||||||||||
Lumen Technologies, Inc. | 36,655 | 266,848 | ||||||||
266,848 | ||||||||||
Consumer Discretionary (3.7%): | ||||||||||
Garmin Ltd. | 5,599 | 449,656 | ||||||||
Genuine Parts Co. | 5,693 | 850,079 | ||||||||
Lowe’s Cos., Inc. | 3,026 | 568,313 | ||||||||
Tapestry, Inc. | 11,672 | 331,835 | ||||||||
2,199,883 | ||||||||||
Consumer Staples (6.4%): | ||||||||||
Bunge, Ltd. | 5,677 | 468,750 | ||||||||
Campbell Soup Co. | 17,447 | 822,103 | ||||||||
Hormel Foods Corp. | 16,649 | 756,530 | ||||||||
Sysco Corp. | 7,096 | 501,758 | ||||||||
The JM Smucker Co. | 5,653 | 776,779 | ||||||||
Tyson Foods, Inc., Class A | 7,115 | 469,092 | ||||||||
3,795,012 | ||||||||||
Energy (8.8%): | ||||||||||
ConocoPhillips | 4,953 | 506,890 | ||||||||
Coterra Energy, Inc. | 13,568 | 354,396 | ||||||||
Devon Energy Corp. | 5,519 | 331,857 | ||||||||
EOG Resources, Inc. | 3,598 | 402,005 | ||||||||
Kinder Morgan, Inc. | 35,715 | 594,298 | ||||||||
Marathon Petroleum Corp. | 6,248 | 620,614 | ||||||||
ONEOK, Inc. | 8,213 | 420,834 | ||||||||
Phillips 66 | 5,595 | 451,628 | ||||||||
Pioneer Natural Resources Co. | 1,991 | 431,111 | ||||||||
The Williams Cos., Inc. | 22,236 | 636,617 | ||||||||
Valero Energy Corp. | 4,382 | 468,217 | ||||||||
5,218,467 | ||||||||||
Financials (11.5%): | ||||||||||
Aflac, Inc. | 12,043 | 676,817 | ||||||||
American Financial Group, Inc. | 4,979 | 612,068 | ||||||||
Ares Management Corp., Class A | 5,917 | 366,558 | ||||||||
Cboe Global Markets, Inc. | 6,291 | 738,375 | ||||||||
Cincinnati Financial Corp. | 4,695 | 420,531 | ||||||||
CNA Financial Corp. | 15,391 | 567,928 | ||||||||
East West Bancorp, Inc. | 6,112 | 410,360 | ||||||||
Everest Re Group, Ltd. | 2,332 | 612,010 | ||||||||
Franklin Resources, Inc. | 18,423 | 396,463 | ||||||||
Principal Financial Group, Inc. | 8,172 | 589,610 | ||||||||
Rocket Cos., Inc., Class A | 40,533 | 256,168 | ||||||||
Webster Financial Corp. | 9,479 | 428,451 | ||||||||
WR Berkley Corp. | 11,516 | 743,703 | ||||||||
6,819,042 | ||||||||||
Health Care (3.2%): | ||||||||||
Amgen, Inc. | 3,169 | 714,293 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan High Dividend Stock Enhanced ETF |
(Unaudited) |
Health Care (3.2%): (continued) | ||||||||
Baxter International, Inc. | 10,236 | 551,311 | ||||||
Cardinal Health, Inc. | 9,542 | 636,260 | ||||||
1,901,864 | ||||||||
Industrials (23.2%): | ||||||||
A.O. Smith Corp. | 9,987 | 485,168 | ||||||
Caterpillar, Inc. | 2,898 | 475,504 | ||||||
CH Robinson Worldwide, Inc. | 5,978 | 575,741 | ||||||
Eaton Corp. PLC | 4,821 | 642,929 | ||||||
Emerson Electric Co. | 7,484 | 547,979 | ||||||
Fastenal Co. | 14,555 | 670,112 | ||||||
Fortune Brands Home & Security, Inc. | 7,846 | 421,252 | ||||||
General Dynamics Corp. | 3,702 | 785,453 | ||||||
Honeywell International, Inc. | 4,158 | 694,261 | ||||||
Illinois Tool Works, Inc. | 4,394 | 793,776 | ||||||
Johnson Controls International PLC | 10,619 | 522,667 | ||||||
Masco Corp. | 13,160 | 614,440 | ||||||
Norfolk Southern Corp. | 2,821 | 591,423 | ||||||
PACCAR, Inc. | 8,445 | 706,762 | ||||||
Parker Hannifin Corp. | 2,260 | 547,621 | ||||||
Regal Rexnord Corp. | 4,040 | 567,054 | ||||||
Rockwell Automation, Inc. | 2,661 | 572,408 | ||||||
Snap-on, Inc. | 3,285 | 661,435 | ||||||
Trane Technologies PLC | 4,389 | 635,571 | ||||||
Union Pacific Corp. | 3,516 | 684,987 | ||||||
Waste Management, Inc. | 5,777 | 925,533 | ||||||
Watsco, Inc. | 2,546 | 655,493 | ||||||
13,777,569 | ||||||||
Information Technology (7.5%): | ||||||||
Analog Devices, Inc. | 3,538 | 492,985 | ||||||
Broadcom, Inc. | 975 | 432,910 | ||||||
Broadridge Financial Solutions, Inc. | 4,628 | 667,913 | ||||||
Fidelity National Information Services, Inc. | 4,835 | 365,381 | ||||||
Juniper Networks, Inc. | 18,411 | 480,895 | ||||||
NetApp, Inc. | 7,702 | 476,369 | ||||||
Paychex, Inc. | 5,514 | 618,726 | ||||||
Skyworks Solutions, Inc. | 4,162 | 354,894 | ||||||
TE Connectivity Ltd. | 5,004 | 552,241 | ||||||
4,442,314 | ||||||||
Materials (10.5%): | ||||||||
Avery Dennison Corp. | 3,607 | 586,859 | ||||||
Celanese Corp. | 4,195 | 378,976 | ||||||
Eastman Chemical Co. | 5,370 | 381,539 | ||||||
FMC Corp. | 4,109 | 434,321 | ||||||
International Flavors & Fragrances, Inc. | 5,098 | 463,051 | ||||||
International Paper Co. | 15,852 | 502,508 | ||||||
LyondellBasell Industries NV, Class A | 5,817 | 437,904 | ||||||
Newmont Corp. | 6,941 | 291,730 | ||||||
Packaging Corp. of America | 4,674 | 524,844 | ||||||
PPG Industries, Inc. | 4,801 | 531,423 |
Schedule of Portfolio Investments — continued | ||
September 30, 2022
| ||
Timothy Plan High Dividend Stock Enhanced ETF |
(Unaudited) |
Materials (10.5%): (continued) | ||||||
Reliance Steel & Aluminum Co. | 3,444 | 600,668 | ||||
RPM International, Inc. | 8,920 | 743,125 | ||||
Westrock Co. | 11,936 | 368,703 | ||||
6,245,651 | ||||||
Utilities (24.1%): | ||||||
Alliant Energy Corp. | 14,257 | 755,478 | ||||
Ameren Corp. | 10,237 | 824,590 | ||||
American Electric Power Co., Inc. | 9,986 | 863,290 | ||||
Atmos Energy Corp. | 7,210 | 734,338 | ||||
CenterPoint Energy, Inc. | 27,314 | 769,709 | ||||
CMS Energy Corp. | 13,738 | 800,101 | ||||
Consolidated Edison, Inc. | 9,625 | 825,440 | ||||
Dominion Energy, Inc. | 10,441 | 721,578 | ||||
DTE Energy Co. | 7,485 | 861,149 | ||||
Entergy Corp. | 6,510 | 655,101 | ||||
Evergy, Inc. | 14,500 | 861,300 | ||||
Eversource Energy | 9,616 | 749,663 | ||||
FirstEnergy Corp. | 19,471 | 720,427 | ||||
NiSource, Inc. | 31,114 | 783,762 | ||||
PPL Corp. | 33,713 | 854,625 | ||||
The Southern Co. | 13,552 | 921,536 | ||||
WEC Energy Group, Inc. | 8,972 | 802,366 | ||||
Xcel Energy, Inc. | 12,410 | 794,240 | ||||
14,298,693 | ||||||
Total Common Stocks (Cost $65,457,020) | 58,965,343 | |||||
Investment Company (0.5%) | ||||||
BlackRock Liquidity Funds T-Fund, Institutional Class, 2.79%(a) | 300,567 | 300,567 | ||||
Total Investment Company (Cost $300,567) | 300,567 | |||||
Total Investments (Cost $65,757,587) — 99.9% | 59,265,910 | |||||
Other assets in excess of liabilities — 0.1% | 92,777 | |||||
NET ASSETS - 100.00% | 59,358,687 |
Percentages indicated are based on net assets as of September 30, 2022.
(a) | Rate disclosed is the 7-Day effective yield on September 30, 2022. |
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) | 12/16/22 | 2 | $ | 360,150 | $ | (29,551) | ||||||||||
|
| |||||||||||||||
$ | (29,551) | |||||||||||||||
|
|