Timothy Plan Small Cap Value Fund (TPLNX) NPORT-P Timothy Plan International ETF (Sep 2023 report)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.6%)
Communication Services (2.0%):
Cargurus, Inc.(a)		7,437		130,296
Cars.com, Inc.(a)		8,219		138,572
Cogent Communications Holdings, Inc.		3,650		225,935
EchoStar Corp., Class A(a)		11,344		190,012
Gogo, Inc.(a)		11,220		133,855
John Wiley & Sons, Inc., Class A		4,809		178,751
Madison Square Garden Sports Corp.		1,448		255,282
US Cellular Corp.(a)		6,167		264,996
Ziff Davis, Inc.(a)		2,796		178,077
ZipRecruiter, Inc.(a)		6,948		83,307
				1,779,083
Consumer Discretionary (13.7%):
Abercrombie & Fitch Co.(a)		4,934		278,130
Academy Sports & Outdoors, Inc.		2,290		108,248
Acushnet Holdings Corp.		4,593		243,613
American Eagle Outfitters, Inc.		10,216		169,688
Arhaus, Inc.(a)		14,030		130,479
Asbury Automotive Group, Inc.(a)		782		179,915
Bloomin' Brands, Inc.		7,913		194,581
Boot Barn Holdings, Inc.(a)		1,765		143,300
Brinker International, Inc.(a)		3,760		118,778
Camping World Holdings, Inc., Class A		6,813		139,053
Carter's, Inc.		2,818		194,865
Cavco Industries, Inc.(a)		590		156,739
Century Communities, Inc.		2,528		168,820
Cracker Barrel Old Country Store, Inc.		1,748		117,466
Crocs, Inc.(a)		877		77,378
Dave & Buster's Entertainment, Inc.(a)		4,739		175,675
Dillard's, Inc., Class A		456		150,849
Dine Brands Global, Inc.		2,846		140,735
Dorman Products, Inc.		2,393		181,294
Foot Locker, Inc.		3,567		61,887
Fox Factory Holding Corp.(a)		1,366		135,343
Frontdoor, Inc.(a)		6,409		196,051
Gentherm, Inc.(a)		3,127		169,671
Graham Holdings Co., Class B		474		276,342
Grand Canyon Education, Inc.(a)		1,989		232,474
Green Brick Partners, Inc.(a)		4,204		174,508
Group 1 Automotive, Inc.		799		214,699
Helen of Troy Ltd.(a)		1,694		197,453
Installed Building Products, Inc.		1,429		178,468
Jack in the Box, Inc.		1,820		125,689
KB Home		4,746		219,645
Kontoor Brands, Inc.		3,095		135,901
La-Z-Boy, Inc.		6,561		202,604
LCI Industries		1,491		175,073

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Consumer Discretionary (13.7%): (continued)
Leslie's, Inc.(a)		14,242		80,610
LGI Homes, Inc.(a)		1,383		137,595
M/I Homes, Inc.(a)		2,808		235,984
Malibu Boats, Inc., Class A(a)		3,639		178,384
MDC Holdings, Inc.		5,228		215,550
Meritage Homes Corp.		1,564		191,418
Mister Car Wash, Inc.(a)		16,580		91,356
Modine Manufacturing Co.(a)		6,979		319,289
Monro, Inc.		4,493		124,771
National Vision Holdings, Inc.(a)		5,784		93,585
Ollie's Bargain Outlet Holdings, Inc.(a)		2,535		195,651
Oxford Industries, Inc.		1,632		156,884
Papa John's International, Inc.		2,431		165,843
Patrick Industries, Inc.		2,618		196,507
Playa Hotels & Resorts N.V.(a)		20,711		149,948
Revolve Group, Inc.(a)		4,588		62,443
Sally Beauty Holdings, Inc.(a)		11,669		97,786
SeaWorld Entertainment, Inc.(a)		3,065		141,756
Signet Jewelers Ltd.		1,635		117,409
Six Flags Entertainment Corp.(a)		4,670		109,792
Skyline Champion Corp.(a)		2,103		134,003
Sonic Automotive, Inc., Class A		2,944		140,605
Sonos, Inc.(a)		7,084		91,454
Steven Madden Ltd.		5,193		164,982
Strategic Education, Inc.		2,753		207,163
Stride, Inc.(a)		3,360		151,301
Target Hospitality Corp.(a)		10,114		160,610
Taylor Morrison Home Corp.(a)		4,908		209,130
The Buckle, Inc.		5,984		199,806
The Cheesecake Factory, Inc.		4,934		149,500
The Goodyear Tire & Rubber Co.(a)		13,838		172,006
The ODP Corp.(a)		4,624		213,398
Topgolf Callaway Brands Corp.(a)		9,091		125,819
Tri Pointe Homes, Inc.(a)		7,594		207,696
Upbound Group, Inc.		5,155		151,815
Vista Outdoor, Inc.(a)		7,547		249,957
Visteon Corp.(a)		1,288		177,834
Wingstop, Inc.		676		121,572
Winnebago Industries, Inc.		2,780		165,271
XPEL, Inc.(a)		2,073		159,849
Yeti Holdings, Inc.(a)		2,836		136,752
				12,318,498
Consumer Staples (5.8%):
BellRing Brands, Inc.(a)		5,555		229,033
Cal-Maine Foods, Inc.		3,444		166,758
Central Garden & Pet Co., Class A(a)		6,953		278,746
Coca-Cola Consolidated, Inc.		394		250,710
Edgewell Personal Care Co.		6,381		235,842

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Consumer Staples (5.8%): (continued)
Fresh Del Monte Produce, Inc.		8,437		218,012
Grocery Outlet Holding Corp.(a)		7,752		223,645
Herbalife Ltd.(a)		7,510		105,065
Hostess Brands, Inc.(a)		11,032		367,476
Ingles Markets, Inc., Class A		3,080		232,016
Inter Parfums, Inc.		1,432		192,375
J & J Snack Foods Corp.		1,823		298,334
Lancaster Colony Corp.		1,212		200,016
Medifast, Inc.		1,567		117,290
Nu Skin Enterprises, Inc., Class A		4,537		96,230
PriceSmart, Inc.		3,490		259,761
Spectrum Brands Holdings, Inc.		1,893		148,317
Sprouts Farmers Market, Inc.(a)		5,496		235,229
The Andersons, Inc.		4,165		214,539
The Chefs' Warehouse, Inc.(a)		5,668		120,048
The Hain Celestial Group, Inc.(a)		9,079		94,149
The Simply Good Foods Co.(a)		6,395		220,755
Tootsie Roll Industries, Inc.		6,927		206,840
United Natural Foods, Inc.(a)		5,450		77,063
WD-40 Co.		1,228		249,579
Weis Markets, Inc.		2,778		175,014
				5,212,842
Energy (6.1%):
Arch Resources, Inc.		1,148		195,918
Archrock, Inc.		18,494		233,024
Cactus, Inc., Class A		3,284		164,890
California Resources Corp.		4,138		231,769
Callon Petroleum Co.(a)		3,178		124,323
ChampionX Corp.		5,310		189,142
Comstock Resources, Inc.		10,015		110,465
CONSOL Energy, Inc.		2,128		223,249
Crescent Energy Co., Class A		11,007		139,129
CVR Energy, Inc.		4,778		162,595
Delek US Holdings, Inc.		6,104		173,415
Denbury, Inc.(a)		1,803		176,712
Earthstone Energy, Inc., Class A(a)		8,283		167,648
Excelerate Energy, Inc., Class A		6,342		108,068
Gulfport Energy Corp.(a)		1,717		203,739
International Seaways, Inc.		4,185		188,325
Kinetik Holdings, Inc.		5,731		193,421
Kosmos Energy Ltd.(a)		14,749		120,647
Liberty Energy, Inc.		10,098		187,015
Northern Oil and Gas, Inc.		3,773		151,788
Oceaneering International, Inc.(a)		6,337		162,988
Par Pacific Holdings, Inc.(a)		6,047		217,329
Patterson-UTI Energy, Inc.		19,554		270,627
PBF Energy, Inc., Class A		3,178		170,118
Peabody Energy Corp.		4,533		117,813

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Energy (6.1%): (continued)
Permian Resources Corp.		10,614		148,171
RPC, Inc.		15,031		134,377
Sitio Royalties Corp., Class A		6,312		152,814
Talos Energy, Inc.(a)		7,208		118,500
Valaris Ltd.(a)		2,160		161,957
Weatherford International PLC(a)		2,194		198,184
World Kinect Corp., Class A		6,080		136,374
				5,434,534
Financials (24.0%):
American Equity Investment Life Holding Co.		3,963		212,575
Ameris BanCorp		6,227		239,055
Artisan Partners Asset Management, Inc., Class A		6,090		227,888
Associated Banc-Corp		12,129		207,527
Assured Guaranty Ltd.		3,893		235,604
Atlantic Union Bankshares Corp.		7,082		203,820
Axis Capital Holdings Ltd.		4,613		260,035
Axos Financial, Inc.(a)		4,184		158,406
BancFirst Corp.		2,540		220,294
Bank of Hawaii Corp.		3,786		188,126
BankUnited, Inc.		8,311		188,660
Banner Corp.		4,643		196,770
BGC Group, Inc., Class A		36,078		190,492
Bread Financial Holdings, Inc.		4,566		156,157
Cathay General BanCorp		7,493		260,457
City Holding Co.		3,734		337,367
CNO Financial Group, Inc.		10,232		242,805
Cohen & Steers, Inc.		3,890		243,864
Columbia Banking System, Inc.		9,164		186,029
Community Bank System, Inc.		5,267		222,320
CVB Financial Corp.		14,230		235,791
Donnelley Financial Solutions, Inc.(a)		3,306		186,062
Eastern Bankshares, Inc.		16,804		210,722
Enova International, Inc.(a)		3,690		187,710
Enterprise Financial Services Corp.		5,800		217,500
EVERTEC, Inc.		7,421		275,913
FB Financial Corp.		7,199		204,164
Federal Agricultural Mortgage Corp., Class C		1,830		282,369
Federated Hermes, Inc.		6,745		228,453
First BanCorp		7,318		205,929
First BanCorp		19,145		257,692
First Commonwealth Financial Corp.		20,410		249,206
First Financial BanCorp		12,113		237,415
First Hawaiian, Inc.		10,861		196,041
First Merchants Corp.		7,705		214,353
FirstCash Holdings, Inc.		2,386		239,507
FNB Corp.		22,622		244,091
Fulton Financial Corp.		18,154		219,845
Genworth Financial, Inc.(a)		35,140		205,920

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (24.0%): (continued)
Goosehead Insurance, Inc., Class A(a)		1,855		138,253
Hamilton Lane, Inc., Class A		2,684		242,741
Hancock Whitney Corp.		5,830		215,652
Heartland Financial USA, Inc.		6,512		191,648
Hilltop Holdings, Inc.		7,375		209,155
Hope BanCorp, Inc.		23,747		210,161
Houlihan Lokey, Inc.		2,693		288,474
Independent Bank Corp.		4,428		217,371
Independent Bank Group, Inc.		5,296		209,457
International Bancshares Corp.		6,350		275,209
Jackson Financial, Inc., Class A		3,930		150,205
Lakeland Financial Corp.		4,419		209,726
Lazard Ltd., Class A		5,787		179,455
Live Oak Bancshares, Inc.		5,384		155,867
MGIC Investment Corp.		19,486		325,221
Moelis & Co., Class A		4,165		187,966
Mr Cooper Group, Inc.(a)		4,344		232,665
National Bank Holdings Corp., Class A		6,647		197,815
Navient Corp.		11,621		200,114
NBT BanCorp, Inc.		7,247		229,657
Nelnet, Inc., Class A		4,143		370,053
NMI Holdings, Inc., Class A(a)		9,675		262,096
Northwest Bancshares, Inc.		24,902		254,747
OFG BanCorp		11,438		341,539
Pacific Premier BanCorp, Inc.		9,416		204,892
PacWest BanCorp		7,839		62,006
Palomar Holdings, Inc.(a)		2,482		125,962
Park National Corp.		2,304		217,774
PennyMac Financial Services, Inc.		2,648		176,357
Piper Sandler Cos.		1,435		208,520
PJT Partners, Inc., Class A		3,469		275,577
PRA Group, Inc.(a)		8,161		156,773
Provident Financial Services, Inc.		13,572		207,516
Radian Group, Inc.		10,858		272,644
Renasant Corp.		8,873		232,384
Repay Holdings Corp.(a)		12,448		94,480
Rocket Cos., Inc., Class A(a)		14,053		114,954
S&T BanCorp, Inc.		9,352		253,252
Sandy Spring BanCorp, Inc.		9,593		205,578
Seacoast Banking Corp. of Florida		7,506		164,832
Shift4 Payments, Inc., Class A(a)		1,780		98,559
Simmons First National Corp., Class A		13,124		222,583
SLM Corp.		11,974		163,086
Stellar BanCorp, Inc.		9,592		204,501
Stock Yards BanCorp, Inc.		4,936		193,935
StoneX Group, Inc.(a)		2,064		200,043
Texas Capital Bancshares, Inc.(a)		3,617		213,041
The BanCorp, Inc.(a)		5,298		182,781
Towne Bank		11,412		261,677

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (24.0%): (continued)
TriCo Bancshares		6,726		215,434
Trustmark Corp.		10,576		229,816
UMB Financial Corp.		3,287		203,958
United Community Banks, Inc.		8,299		210,878
UWM Holdings Corp.		26,465		128,355
Veritex Holdings, Inc.		8,233		147,782
Virtu Financial, Inc., Class A		11,761		203,112
Virtus Investment Partners, Inc.		909		183,609
Walker & Dunlop, Inc.		2,631		195,325
Washington Federal, Inc.		8,130		208,291
WesBanco, Inc.		10,185		248,718
Westamerica BanCorp		7,088		306,556
WSFS Financial Corp.		5,863		214,000
				21,581,722
Health Care (5.8%):
AdaptHealth Corp.(a)		10,780		98,098
Addus HomeCare Corp.(a)		2,236		190,485
Agiliti, Inc.(a)		8,466		54,944
Amedisys, Inc.(a)		2,096		195,766
Apollo Medical Holdings, Inc.(a)		3,297		101,713
Avanos Medical, Inc.(a)		7,769		157,089
Catalyst Pharmaceuticals, Inc.(a)		5,989		70,011
Certara, Inc.(a)		4,998		72,671
Corcept Therapeutics, Inc.(a)		8,626		235,015
CorVel Corp.(a)		1,267		249,156
Cytek Biosciences, Inc.(a)		13,134		72,500
Dynavax Technologies Corp.(a)		13,264		195,909
Embecta Corp.		4,754		71,548
Figs, Inc., Class A(a)		14,582		86,034
Haemonetics Corp.(a)		2,710		242,762
Harmony Biosciences Holdings, Inc.(a)		4,098		134,292
Integer Holdings Corp.(a)		2,215		173,722
Ironwood Pharmaceuticals, Inc.(a)		21,352		205,620
Maravai LifeSciences Holdings, Inc., Class A(a)		9,142		91,420
Merit Medical Systems, Inc.(a)		3,257		224,798
Neogen Corp.(a)		9,689		179,634
Pacira BioSciences, Inc.(a)		4,818		147,816
Patterson Cos., Inc.		9,630		285,433
Pediatrix Medical Group, Inc.(a)		10,961		139,314
Prestige Consumer Healthcare, Inc.(a)		4,710		269,365
Progyny, Inc.(a)		3,041		103,455
RadNet, Inc.(a)		5,531		155,919
Select Medical Holdings Corp.		6,101		154,172
STAAR Surgical Co.(a)		1,791		71,962
Supernus Pharmaceuticals, Inc.(a)		6,357		175,263
The Ensign Group, Inc.		2,686		249,610
U.S. Physical Therapy, Inc.		1,583		145,209
Veradigm, Inc.(a)		14,702		193,184

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Health Care (5.8%): (continued)
Vir Biotechnology, Inc.(a)		5,803		54,374
				5,248,263
Industrials (24.0%):
AAON, Inc.		2,965		168,620
AAR Corp.(a)		4,172		248,359
ABM Industries, Inc.		6,055		242,261
Air Transport Services Group, Inc.(a)		8,864		184,992
Alamo Group, Inc.		1,368		236,472
Albany International Corp.		2,831		244,259
Allegiant Travel Co.		1,388		106,682
Allison Transmission Holding, Inc.		5,322		314,317
Ameresco, Inc., Class A(a)		2,471		95,282
API Group Corp.(a)		9,350		242,446
Applied Industrial Technologies, Inc.		1,537		237,636
ArcBest Corp.		1,656		168,332
Arcosa, Inc.		3,121		224,400
Armstrong World Industries, Inc.		3,765		271,080
Atkore, Inc.(a)		1,175		175,298
Barnes Group, Inc.		5,868		199,336
Beacon Roofing Supply, Inc.(a)		3,732		287,998
Boise Cascade Co.		2,969		305,926
Brady Corp., Class A		5,926		325,456
Casella Waste Systems, Inc.(a)		3,056		233,173
CBIZ, Inc.(a)		5,697		295,674
Comfort Systems USA, Inc.		1,543		262,943
Construction Partners, Inc., Class A(a)		5,843		213,620
Core & Main, Inc., Class A(a)		8,851		255,351
CSG Systems International, Inc.		4,452		227,586
CSW Industrials, Inc.		1,588		278,281
Dycom Industries, Inc.(a)		1,739		154,771
Encore Wire Corp.		918		167,498
Energy Recovery, Inc.(a)		6,021		127,705
Enerpac Tool Group Corp.		9,269		244,980
EnerSys		2,403		227,492
EnPro Industries, Inc.		2,125		257,529
Esab Corp.		3,320		233,130
ESCO Technologies, Inc.		2,439		254,729
Federal Signal Corp.		4,678		279,417
First Advantage Corp.		12,438		171,520
Flowserve Corp.		6,194		246,335
Fluor Corp.(a)		5,986		219,686
Forward Air Corp.		1,953		134,249
Franklin Electric Co., Inc.		2,761		246,364
GATX Corp.		2,322		252,703
Gibraltar Industries, Inc.(a)		4,086		275,846
GMS, Inc.(a)		3,238		207,135
GrafTech International Ltd.		22,234		85,156
Granite Construction, Inc.		5,812		220,972

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (24.0%): (continued)
H&E Equipment Services, Inc.		4,026		173,883
Hayward Holdings, Inc.(a)		12,796		180,424
Heartland Express, Inc.		15,249		224,008
Helios Technologies, Inc.		2,976		165,108
Herc Holdings, Inc.		1,363		162,115
Hillenbrand, Inc.		4,259		180,198
HNI Corp.		8,332		288,537
Huron Consulting Group, Inc.(a)		2,632		274,149
ICF International, Inc.		2,225		268,802
Insperity, Inc.		1,952		190,515
Janus International Group, Inc.(a)		18,894		202,166
John Bean Technologies Corp.		1,734		182,313
Kadant, Inc.		1,109		250,135
Kennametal, Inc.		7,060		175,653
Kforce, Inc.		3,368		200,935
Kirby Corp.(a)		2,964		245,419
Korn Ferry		4,421		209,732
Lindsay Corp.		1,781		209,588
ManpowerGroup, Inc.		3,122		228,905
Marten Transport Ltd.		9,352		184,328
Matson, Inc.		2,724		241,673
Maximus, Inc.		2,727		203,652
McGrath RentCorp.		2,966		297,312
MillerKnoll, Inc.		7,755		189,610
Moog, Inc., Class A		2,628		296,859
MSC Industrial Direct Co., Inc.		3,541		347,549
Mueller Industries, Inc.		2,879		216,386
Mueller Water Products, Inc., Class A		17,957		227,695
MYR Group, Inc.(a)		1,574		212,112
NOW, Inc.(a)		15,336		182,038
NV5 Global, Inc.(a)		1,951		187,745
PGT Innovations, Inc.(a)		6,576		182,484
Primoris Services Corp.		8,298		271,594
Resideo Technologies, Inc.(a)		7,556		119,385
Rush Enterprises, Inc., Class A		6,874		280,665
Ryder System, Inc.		2,323		248,445
Schneider National, Inc., Class B		8,749		242,260
Shoals Technologies Group, Inc., Class A(a)		4,074		74,351
SPX Technologies, Inc.(a)		3,184		259,178
Standex International Corp.		2,136		311,194
SunPower Corp.(a)		7,686		47,423
TaskUS, Inc., Class A(a)		5,816		60,370
Tennant Co.		3,818		283,105
Terex Corp.		3,836		221,030
The AZEK Co., Inc.(a)		5,552		165,116
The Brink's Co.		3,223		234,119
Trinity Industries, Inc.		7,757		188,883
TTEC Holdings, Inc.		4,282		112,274
UniFirst Corp.		1,595		260,001

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (24.0%): (continued)
Veritiv Corp.		1,209		204,200
Verra Mobility Corp.(a)		12,491		233,582
Vicor Corp.(a)		2,455		144,575
Wabash National Corp.		7,370		155,654
Watts Water Technologies, Inc., Class A		1,460		252,317
Werner Enterprises, Inc.		5,264		205,033
				21,609,779
Information Technology (8.5%):
ACI Worldwide, Inc.(a)		6,244		140,865
Advanced Energy Industries, Inc.		2,109		217,480
Agilysys, Inc.(a)		1,991		131,724
Alarm.com Holdings, Inc.(a)		3,657		223,589
Avid Technology, Inc.(a)		4,758		127,847
Axcelis Technologies, Inc.(a)		1,022		166,637
Badger Meter, Inc.		1,912		275,079
Belden, Inc.		2,877		277,774
Calix, Inc.(a)		2,646		121,293
Cohu, Inc.(a)		4,517		155,565
CommVault Systems, Inc.(a)		3,669		248,061
CTS Corp.		4,182		174,557
Diodes, Inc.(a)		2,034		160,361
DoubleVerify Holdings, Inc.(a)		5,256		146,905
ePlus, Inc.(a)		3,730		236,930
Extreme Networks, Inc.(a)		8,180		198,038
FormFactor, Inc.(a)		4,321		150,976
Harmonic, Inc.(a)		10,039		96,676
Insight Enterprises, Inc.(a)		2,086		303,513
InterDigital, Inc.		2,378		190,811
MACOM Technology Solutions Holdings, Inc.(a)		2,886		235,440
MaxLinear, Inc.(a)		4,391		97,700
Methode Electronics, Inc.		5,431		124,098
NCR Corp.(a)		6,808		183,612
NetScout Systems, Inc.(a)		7,480		209,590
Onto Innovation, Inc.(a)		1,856		236,677
OSI Systems, Inc.(a)		2,428		286,601
Perficient, Inc.(a)		2,457		142,162
Plexus Corp.(a)		2,334		217,015
Progress Software Corp.		5,156		271,102
Semtech Corp.(a)		5,709		147,007
SiTime Corp.(a)		760		86,830
SPS Commerce, Inc.(a)		1,317		224,693
Super Micro Computer, Inc.(a)		1,060		290,673
Teradata Corp.(a)		4,894		220,328
TTM Technologies, Inc.(a)		10,910		140,521
Ultra Clean Holdings, Inc.(a)		4,599		136,452
Viavi Solutions, Inc.(a)		17,493		159,886
Vishay Intertechnology, Inc.		10,146		250,809

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Information Technology (8.5%): (continued)
Vontier Corp.		7,028		217,306
				7,623,183
Materials (4.8%):
Alpha Metallurgical Resources, Inc.		809		210,122
ATI, Inc.(a)		4,452		183,200
Avient Corp.		3,652		128,989
Balchem Corp.		1,886		233,939
Cabot Corp.		2,508		173,729
Ecovyst, Inc.(a)		15,256		150,119
Greif, Inc., Class A		3,779		252,475
H.B. Fuller Co.		3,575		245,281
Ingevity Corp.(a)		2,707		128,880
Innospec, Inc.		2,446		249,981
Materion Corp.		1,245		126,878
Minerals Technologies, Inc.		3,427		187,662
NewMarket Corp.		868		394,975
O-I Glass, Inc.(a)		7,528		125,943
Orion SA		7,278		154,876
Perimeter Solutions SA(a)		19,369		87,935
Ryerson Holding Corp.		3,296		95,881
Sensient Technologies Corp.		3,347		195,733
Stepan Co.		2,606		195,372
Summit Materials, Inc., Class A(a)		7,243		225,547
Sylvamo Corp.		3,903		171,498
Warrior Met Coal, Inc.		4,250		217,090
Worthington Industries, Inc.		2,537		156,837
				4,292,942
Real Estate (1.3%):
eXp World Holdings, Inc.		8,720		141,613
Howard Hughes Holdings, Inc.(a)		2,638		195,555
Kennedy-Wilson Holdings, Inc.		12,804		188,731
Marcus & Millichap, Inc.		7,129		209,165
Newmark Group, Inc., Class A		23,351		150,147
The St. Joe Co.		5,366		291,534
				1,176,745
Utilities (3.6%):
ALLETE, Inc.		4,442		234,538
American States Water Co.		2,786		219,202
Avista Corp.		6,295		203,769
California Water Service Group		4,374		206,934
Chesapeake Utilities Corp.		2,047		200,094
Clearway Energy, Inc., Class C		8,325		176,157
MGE Energy, Inc.		3,814		261,297
Middlesex Water Co.		2,990		198,088
Montauk Renewables, Inc.(a)		16,831		153,330
New Jersey Resources Corp.		5,287		214,811
Northwest Natural Holding Co.		6,082		232,089
NorthWestern Corp.		5,598		269,040

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Utilities (3.6%): (continued)
Otter Tail Corp.		2,727		207,034
SJW Group		3,426		205,937
Spire, Inc.		4,120		233,110
				3,215,430
Total Common Stocks (Cost $92,673,078)				89,493,021
Total Investments (Cost $92,673,078) — 99.6%				89,493,021
Other assets in excess of liabilities — 0.4%				369,767
NET ASSETS - 100.00%				89,862,788

Percentages indicated are based on net assets as of September 30, 2023.

(a) Non-income producing security.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts		Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
E-Mini Russell 2000 Index	12/15/23		4	$	367,967	$	359,720	$	(8,247	)
								$	(8,247	)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.4%)
Communication Services (0.6%):
Live Nation Entertainment, Inc.(a)		8,950		743,208
The Trade Desk, Inc., Class A(a)		4,466		349,018
ZoomInfo Technologies, Inc.(a)		15,483		253,921
				1,346,147
Consumer Discretionary (9.4%):
Aptiv PLC(a)		4,794		472,640
Aramark		21,162		734,321
AutoZone, Inc.(a)		379		962,656
Bath & Body Works, Inc.		11,081		374,538
BorgWarner, Inc.		17,353		700,541
Burlington Stores, Inc.(a)		2,318		313,625
CarMax, Inc.(a)		6,174		436,687
Chipotle Mexican Grill, Inc.(a)		392		718,077
Darden Restaurants, Inc.		6,040		865,049
Deckers Outdoor Corp.(a)		1,356		697,106
Domino's Pizza, Inc.		1,980		750,004
DR Horton, Inc.		6,412		689,098
Five Below, Inc.(a)		2,500		402,250
Floor & Decor Holdings, Inc., Class A(a)		4,221		382,001
Garmin Ltd.		7,789		819,403
Genuine Parts Co.		6,071		876,531
Lennar Corp., Class A		6,174		692,908
LKQ Corp.		15,304		757,701
Lowe's Cos., Inc.		3,517		730,973
NVR, Inc.(a)		128		763,302
O'Reilly Automotive, Inc.(a)		1,204		1,094,267
Penske Automotive Group, Inc.		4,395		734,229
Pool Corp.		1,636		582,580
PulteGroup, Inc.		10,054		744,499
Ross Stores, Inc.		6,790		766,931
Service Corp. International		11,525		658,539
Tapestry, Inc.		14,559		418,571
Tesla, Inc.(a)		1,931		483,175
Tractor Supply Co.		3,347		679,608
Vail Resorts, Inc.		3,187		707,163
				20,008,973
Consumer Staples (5.2%):
BJ's Wholesale Club Holdings, Inc.(a)		11,422		815,188
Bunge Ltd.		6,671		722,136
Campbell Soup Co.		20,217		830,514
Costco Wholesale Corp.		1,788		1,010,149
Coty, Inc., Class A(a)		42,108		461,925
Darling Ingredients, Inc.(a)		9,385		489,897
Dollar General Corp.		4,624		489,219

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Consumer Staples (5.2%): (continued)
Dollar Tree, Inc.(a)		4,849		516,176
Hormel Foods Corp.		30,581		1,162,995
Lamb Weston Holdings, Inc.		8,941		826,685
McCormick & Co., Inc.		10,237		774,327
Monster Beverage Corp.(a)		18,567		983,123
Sysco Corp.		13,387		884,211
The J.M. Smucker Co.		8,731		1,073,127
				11,039,672
Energy (7.2%):
APA Corp.		10,535		432,989
Cheniere Energy, Inc.		3,992		662,512
Chesapeake Energy Corp.		6,751		582,139
ConocoPhillips		5,506		659,619
Coterra Energy, Inc.		21,584		583,847
Devon Energy Corp.		8,280		394,956
Diamondback Energy, Inc.		3,833		593,655
EOG Resources, Inc.		4,633		587,279
EQT Corp.		13,271		538,537
Halliburton Co.		14,235		576,518
Hess Corp.		3,584		548,352
HF Sinclair Corp.		11,993		682,762
Kinder Morgan, Inc.		52,243		866,189
Marathon Oil Corp.		18,957		507,100
Marathon Petroleum Corp.		4,965		751,403
Occidental Petroleum Corp.		8,380		543,694
ONEOK, Inc.		10,719		679,906
Ovintiv, Inc.		10,744		511,092
Phillips 66		5,962		716,334
Pioneer Natural Resources Co.		2,576		591,321
Schlumberger N.V.		9,817		572,331
Targa Resources Corp.		7,715		661,330
Texas Pacific Land Corp.		288		525,185
The Williams Cos., Inc.		27,799		936,548
Valero Energy Corp.		4,170		590,931
				15,296,529
Financials (10.8%):
Aflac, Inc.		14,935		1,146,261
American Financial Group, Inc.		7,137		796,989
Arch Capital Group Ltd.(a)		10,809		861,585
Ares Management Corp., Class A		7,302		751,157
Arthur J Gallagher & Co.		4,782		1,089,961
Brown & Brown, Inc.		12,819		895,279
Cboe Global Markets, Inc.		7,223		1,128,305
East West BanCorp, Inc.		9,033		476,129
Equitable Holdings, Inc.		24,126		684,937
Erie Indemnity Co., Class A		3,562		1,046,480
Everest Group Ltd.		1,989		739,252
FactSet Research Systems, Inc.		2,014		880,642

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES			VALUE ($)
Financials (10.8%): (continued)
First Citizens BancShares, Inc., Class A		329			454,053
FleetCor Technologies, Inc.(a)		3,063			782,106
Franklin Resources, Inc.		23,615			580,457
Globe Life, Inc.		9,141			993,901
Interactive Brokers Group, Inc.		8,207			710,398
Intercontinental Exchange, Inc.		8,380			921,968
LPL Financial Holdings, Inc.		2,907			690,849
MarketAxess Holdings, Inc.		1,811			386,902
Morningstar, Inc.		3,093			724,504
MSCI, Inc.		1,165			597,738
Nasdaq, Inc.		15,056			731,571
Principal Financial Group, Inc.		9,376			675,728
Raymond James Financial, Inc.		7,557			758,950
Reinsurance Group of America, Inc.		5,504			799,126
Rocket Cos., Inc., Class A(a)		44,025			360,124
Ryan Specialty Holdings, Inc.(a)		13,090			633,556
Tradeweb Markets, Inc., Class A		11,156			894,711
W R Berkley Corp.		14,838			942,065
					23,135,684
Health Care (10.9%):
Agilent Technologies, Inc.		5,056	��		565,362
Align Technology, Inc.(a)		1,047			319,670
Amgen, Inc.		4,142			1,113,204
Avantor, Inc.(a)		28,011			590,472
BioMarin Pharmaceutical, Inc.(a)		7,366			651,744
Bruker Corp.		7,580			472,234
Catalent, Inc.(a)		7,841			357,001
Centene Corp.(a)		11,272			776,415
Charles River Laboratories International, Inc.(a)		2,549			499,553
Danaher Corp.		2,820			699,642
Dexcom, Inc.(a)		4,019			374,973
Edwards Lifesciences Corp.(a)		7,112			492,719
GE HealthCare Technologies, Inc.		7,427			505,333
HCA Healthcare, Inc.		2,578			634,136
Henry Schein, Inc.(a)		11,273			837,020
Humana, Inc.		1,738			845,572
IDEXX Laboratories, Inc.(a)		1,204			526,473
Incyte Corp.(a)		13,522			781,166
Insulet Corp.(a)		1,596			254,546
Intuitive Surgical, Inc.(a)		2,306			674,021
IQVIA Holdings, Inc.(a)		3,222			633,929
Laboratory Corp. of America Holdings		4,222			848,833
Masimo Corp.(a)		2,907			254,886
Mettler-Toledo International, Inc.(a)		427			473,146
Moderna, Inc.(a)		2,463			254,403
Neurocrine Biosciences, Inc.(a)		7,191			808,987
Regeneron Pharmaceuticals, Inc.(a)		768			632,033
Repligen Corp.(a)		2,163			343,939

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Health Care (10.9%): (continued)
ResMed, Inc.		3,727		551,111
Revvity, Inc.		4,674		517,412
Stryker Corp.		2,592		708,316
Teleflex, Inc.		2,514		493,775
United Therapeutics Corp.(a)		3,541		799,806
Veeva Systems, Inc., Class A(a)		3,189		648,802
Vertex Pharmaceuticals, Inc.(a)		2,338		813,016
Waters Corp.(a)		2,257		618,892
West Pharmaceutical Services, Inc.		1,402		526,044
Zimmer Biomet Holdings, Inc.		6,959		780,939
Zoetis, Inc.		4,147		721,495
				23,401,020
Industrials (26.8%):
A.O. Smith Corp.		9,851		651,447
AECOM		11,122		923,571
AGCO Corp.		5,287		625,346
Allegion PLC		6,794		707,935
AMETEK, Inc.		6,947		1,026,489
Axon Enterprise, Inc.(a)		2,378		473,198
Builders FirstSource, Inc.(a)		5,567		693,036
Carlisle Cos., Inc.		3,190		827,039
Carrier Global Corp.		15,699		866,585
Caterpillar, Inc.		3,278		894,894
CH Robinson Worldwide, Inc.		8,187		705,146
Cintas Corp.		2,017		970,197
Copart, Inc.(a)		21,751		937,251
CoStar Group, Inc.(a)		9,497		730,224
CSX Corp.		28,039		862,199
Deere & Co.		2,119		799,668
Dover Corp.		5,435		758,237
Eaton Corp. PLC		5,221		1,113,535
Equifax, Inc.		3,077		563,645
Expeditors International of Washington, Inc.		6,702		768,250
Fastenal Co.		15,382		840,472
Fortive Corp.		12,563		931,672
General Dynamics Corp.		4,833		1,067,948
Graco, Inc.		12,730		927,762
HEICO Corp.		5,045		816,937
Honeywell International, Inc.		5,037		930,535
Howmet Aerospace, Inc.		19,054		881,248
Hubbell, Inc.		3,386		1,061,206
IDEX Corp.		4,171		867,651
Illinois Tool Works, Inc.		3,929		904,888
Ingersoll Rand, Inc.		13,072		832,948
J.B. Hunt Transport Services, Inc.		4,042		761,998
Jack Henry & Associates, Inc.		5,102		771,116
Johnson Controls International PLC		12,691		675,288
Knight-Swift Transportation Holdings, Inc.		12,418		622,763

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (26.8%): (continued)
Leidos Holdings, Inc.		11,271		1,038,735
Lennox International, Inc.		2,565		960,439
Lincoln Electric Holdings, Inc.		5,778		1,050,383
Masco Corp.		12,891		689,024
Nordson Corp.		3,443		768,374
Norfolk Southern Corp.		4,073		802,096
Old Dominion Freight Line, Inc.		1,768		723,360
Otis Worldwide Corp.		12,010		964,523
PACCAR, Inc.		12,260		1,042,345
Parker-Hannifin Corp.		2,368		922,383
Paychex, Inc.		7,930		914,567
Paycom Software, Inc.		1,746		452,685
Paylocity Holding Corp.(a)		2,431		441,713
Quanta Services, Inc.		4,246		794,299
Regal Rexnord Corp.		4,307		615,384
Republic Services, Inc.		8,221		1,171,575
Rockwell Automation, Inc.		2,378		679,799
Rollins, Inc.		21,600		806,328
Snap-on, Inc.		4,097		1,044,981
SS&C Technologies Holdings, Inc.		13,280		697,731
Textron, Inc.		11,695		913,847
The Toro Co.		9,087		755,130
Trane Technologies PLC		4,410		894,833
TransDigm Group, Inc.(a)		997		840,601
TransUnion		7,961		571,520
U-Haul Holding Co.(a)		11,068		603,981
Union Pacific Corp.		4,049		824,498
United Rentals, Inc.		1,515		673,524
Verisk Analytics, Inc.		4,457		1,052,922
Waste Management, Inc.		6,989		1,065,403
Watsco, Inc.		2,037		769,416
Westinghouse Air Brake Technologies Corp.		8,470		900,107
WillScot Mobile Mini Holdings Corp.(a)		17,723		737,100
WW Grainger, Inc.		1,125		778,320
Xylem, Inc.		6,941		631,839
				57,386,089
Information Technology (14.3%):
Advanced Micro Devices, Inc.(a)		4,557		468,551
Akamai Technologies, Inc.(a)		9,413		1,002,861
Amphenol Corp., Class A		10,912		916,499
Analog Devices, Inc.		3,650		639,078
ANSYS, Inc.(a)		1,938		576,652
Arista Networks, Inc.(a)		3,579		658,285
Bentley Systems, Inc., Class B		13,882		696,321
Broadcom, Inc.		1,135		942,708
Cadence Design Systems, Inc.(a)		3,259		763,584
CDW Corp.		4,450		897,832
Cognizant Technology Solutions Corp., Class A		11,623		787,342

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Information Technology (14.3%): (continued)
Dynatrace, Inc.(a)		11,446		534,872
Enphase Energy, Inc.(a)		1,875		225,281
Entegris, Inc.		5,298		497,535
EPAM Systems, Inc.(a)		1,578		403,479
Fair Isaac Corp.(a)		658		571,493
Fortinet, Inc.(a)		7,141		419,034
Gartner, Inc.(a)		2,478		851,466
Jabil, Inc.		9,027		1,145,436
Juniper Networks, Inc.		25,060		696,417
Keysight Technologies, Inc.(a)		4,478		592,484
KLA Corp.		1,491		683,862
Lattice Semiconductor Corp.(a)		4,976		427,588
Manhattan Associates, Inc.(a)		3,471		686,078
Microchip Technology, Inc.		6,951		542,526
Monolithic Power Systems, Inc.		899		415,338
NetApp, Inc.		11,463		869,812
NVIDIA Corp.		1,471		639,870
NXP Semiconductors N.V.		3,241		647,941
ON Semiconductor Corp.(a)		5,348		497,097
Palo Alto Networks, Inc.(a)		2,751		644,944
PTC, Inc.(a)		6,061		858,722
Pure Storage, Inc., Class A(a)		23,707		844,443
Qorvo, Inc.(a)		5,687		542,938
Roper Technologies, Inc.		2,252		1,090,599
Seagate Technology Holdings PLC		8,377		552,463
ServiceNow, Inc.(a)		1,061		593,057
Skyworks Solutions, Inc.		5,014		494,330
Synopsys, Inc.(a)		1,790		821,556
TD SYNNEX Corp.		7,932		792,090
TE Connectivity Ltd.		6,117		755,633
Teledyne Technologies, Inc.(a)		1,880		768,130
Teradyne, Inc.		5,401		542,584
Trimble, Inc.(a)		11,587		624,076
Tyler Technologies, Inc.(a)		1,713		661,458
Zebra Technologies Corp.(a)		1,598		377,975
				30,662,320
Materials (7.2%):
Albemarle Corp.		2,329		396,023
Avery Dennison Corp.		4,186		764,657
Ball Corp.		11,114		553,255
Celanese Corp.		4,907		615,927
CF Industries Holdings, Inc.		6,957		596,493
Cleveland-Cliffs, Inc.(a)		22,556		352,550
Crown Holdings, Inc.		7,511		664,573
Eastman Chemical Co.		7,738		593,659
Ecolab, Inc.		4,189		709,617
FMC Corp.		7,369		493,502
Freeport-McMoRan, Inc.		10,638		396,691

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (7.2%): (continued)
International Paper Co.		19,024		674,781
LyondellBasell Industries N.V., Class A		7,474		707,788
Martin Marietta Materials, Inc.		2,095		859,956
Nucor Corp.		3,557		556,137
Packaging Corp. of America		5,345		820,725
PPG Industries, Inc.		4,823		626,025
Reliance Steel & Aluminum Co.		3,247		851,461
RPM International, Inc.		9,129		865,521
Steel Dynamics, Inc.		4,802		514,870
The Mosaic Co.		10,834		385,690
The Sherwin-Williams Co.		2,827		721,026
Vulcan Materials Co.		4,801		969,898
Westlake Corp.		5,075		632,700
				15,323,525
Utilities (7.0%):
Alliant Energy Corp.		16,526		800,685
Ameren Corp.		10,706		801,130
American Electric Power Co., Inc.		9,950		748,439
American Water Works Co., Inc.		5,951		736,912
Atmos Energy Corp.		8,259		874,876
CenterPoint Energy, Inc.		32,092		861,670
CMS Energy Corp.		15,528		824,692
Consolidated Edison, Inc.		10,683		913,717
DTE Energy Co.		8,526		846,461
Entergy Corp.		8,440		780,700
Essential Utilities, Inc.		21,569		740,464
Evergy, Inc.		15,162		768,713
Eversource Energy		11,664		678,262
NextEra Energy, Inc.		10,549		604,352
NiSource, Inc.		32,144		793,314
Public Service Enterprise Group, Inc.		13,682		778,643
The Southern Co.		13,855		896,696
WEC Energy Group, Inc.		9,843		792,854
Xcel Energy, Inc.		13,397		766,576
				15,009,156
Total Common Stocks (Cost $202,288,564)				212,609,115
Total Investments (Cost $202,288,564) — 99.4%				212,609,115
Other assets in excess of liabilities — 0.6%				1,216,324
NET ASSETS - 100.00%				213,825,439

Percentages indicated are based on net assets as of September 30, 2023.

(a) Non-income producing security.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts		Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini	12/15/23		5	$	1,127,291	$	1,081,375	$	(45,916	)
								$	(45,916	)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.4%)
Consumer Discretionary (7.3%):
Bath & Body Works, Inc.		30,130		1,018,394
Darden Restaurants, Inc.		16,421		2,351,816
Garmin Ltd.		21,174		2,227,505
Genuine Parts Co.		16,500		2,382,270
LKQ Corp.		41,611		2,060,161
Lowe's Cos., Inc.		9,572		1,989,444
Tapestry, Inc.		39,586		1,138,097
Vail Resorts, Inc.		8,654		1,920,236
				15,087,923
Consumer Staples (7.2%):
Bunge Ltd.		18,127		1,962,248
Campbell Soup Co.		54,960		2,257,757
Hormel Foods Corp.		83,135		3,161,624
McCormick & Co., Inc.		27,818		2,104,153
Sysco Corp.		36,402		2,404,352
The J.M. Smucker Co.		23,748		2,918,867
				14,809,001
Energy (15.2%):
APA Corp.		28,637		1,176,981
Chesapeake Energy Corp.		18,520		1,596,980
ConocoPhillips		14,979		1,794,484
Coterra Energy, Inc.		58,687		1,587,483
Diamondback Energy, Inc.		10,418		1,613,540
EOG Resources, Inc.		12,598		1,596,922
EQT Corp.		36,076		1,463,964
Halliburton Co.		38,703		1,567,471
HF Sinclair Corp.		32,591		1,855,406
Kinder Morgan, Inc.		142,035		2,354,940
Marathon Petroleum Corp.		13,500		2,043,090
ONEOK, Inc.		29,155		1,849,302
Ovintiv, Inc.		29,196		1,388,854
Phillips 66		16,209		1,947,511
Pioneer Natural Resources Co.		7,001		1,607,079
Targa Resources Corp.		20,972		1,797,720
The Williams Cos., Inc.		75,582		2,546,358
Valero Energy Corp.		11,329		1,605,433
				31,393,518
Financials (11.1%):
Aflac, Inc.		40,625		3,117,969
American Financial Group, Inc.		19,389		2,165,170
Ares Management Corp., Class A		19,848		2,041,764
East West BanCorp, Inc.		24,557		1,294,399
Equitable Holdings, Inc.		65,583		1,861,901
Erie Indemnity Co., Class A		9,683		2,844,768

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (11.1%): (continued)
Everest Group Ltd.		5,406		2,009,248
Franklin Resources, Inc.		64,219		1,578,503
Principal Financial Group, Inc.		25,485		1,836,704
Raymond James Financial, Inc.		20,541		2,062,933
Reinsurance Group of America, Inc.		14,973		2,173,930
				22,987,289
Health Care (1.5%):
Amgen, Inc.		11,261		3,026,506
				3,026,506
Industrials (20.9%):
A.O. Smith Corp.		26,786		1,771,358
Caterpillar, Inc.		8,921		2,435,433
CH Robinson Worldwide, Inc.		22,260		1,917,254
Eaton Corp. PLC		14,194		3,027,296
Fastenal Co.		41,824		2,285,263
General Dynamics Corp.		13,133		2,901,999
Honeywell International, Inc.		13,679		2,527,058
Hubbell, Inc.		9,209		2,886,193
Illinois Tool Works, Inc.		10,673		2,458,099
Johnson Controls International PLC		34,518		1,836,703
Lennox International, Inc.		6,973		2,610,970
Masco Corp.		35,053		1,873,583
Norfolk Southern Corp.		11,071		2,180,212
Paychex, Inc.		21,563		2,486,861
Snap-on, Inc.		11,149		2,843,664
Union Pacific Corp.		10,992		2,238,301
Waste Management, Inc.		19,011		2,898,037
Watsco, Inc.		5,547		2,095,213
				43,273,497
Information Technology (7.6%):
Broadcom, Inc.		3,092		2,568,153
Cognizant Technology Solutions Corp., Class A		31,592		2,140,042
Juniper Networks, Inc.		68,138		1,893,555
NetApp, Inc.		31,178		2,365,787
NXP Semiconductors N.V.		8,808		1,760,895
Seagate Technology Holdings PLC		22,763		1,501,220
Skyworks Solutions, Inc.		13,640		1,344,768
TE Connectivity Ltd.		16,633		2,054,674
				15,629,094
Materials (8.9%):
Avery Dennison Corp.		11,371		2,077,141
Celanese Corp.		13,336		1,673,935
CF Industries Holdings, Inc.		18,913		1,621,601
Eastman Chemical Co.		21,049		1,614,879
FMC Corp.		20,034		1,341,677
International Paper Co.		51,726		1,834,721

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (8.9%): (continued)
LyondellBasell Industries N.V., Class A		20,333		1,925,535
Packaging Corp. of America		14,540		2,232,617
PPG Industries, Inc.		13,107		1,701,289
RPM International, Inc.		24,814		2,352,615
				18,376,010
Utilities (19.7%):
Alliant Energy Corp.		44,937		2,177,198
Ameren Corp.		29,120		2,179,050
American Electric Power Co., Inc.		27,049		2,034,626
American Water Works Co., Inc.		16,181		2,003,693
Atmos Energy Corp.		22,439		2,376,963
CenterPoint Energy, Inc.		87,237		2,342,313
CMS Energy Corp.		42,226		2,242,623
Consolidated Edison, Inc.		29,043		2,484,048
DTE Energy Co.		23,180		2,301,310
Entergy Corp.		22,948		2,122,690
Essential Utilities, Inc.		58,632		2,012,837
Evergy, Inc.		41,220		2,089,854
Eversource Energy		31,714		1,844,169
NextEra Energy, Inc.		28,672		1,642,619
NiSource, Inc.		87,386		2,156,686
Public Service Enterprise Group, Inc.		37,212		2,117,735
The Southern Co.		37,662		2,437,485
WEC Energy Group, Inc.		26,763		2,155,760
Xcel Energy, Inc.		36,425		2,084,238
				40,805,897
Total Common Stocks (Cost $205,553,172)				205,388,735
Total Investments (Cost $205,553,172) — 99.4%				205,388,735
Other assets in excess of liabilities — 0.6%				1,303,873
NET ASSETS - 100.00%				206,692,608

Percentages indicated are based on net assets as of September 30, 2023.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts		Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini	12/15/23		5	$	1,116,586	$	1,081,375	$	(35,211	)
								$	(35,211	)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (98.9%)
Australia (6.7%):
Communication Services (0.6%):
REA Group Ltd.		1,963		194,724
Telstra Group Ltd.		125,091		309,573
				504,297
Consumer Discretionary (0.3%):
Wesfarmers Ltd.		7,830		266,052
				266,052
Consumer Staples (0.7%):
Coles Group Ltd.		28,909		289,148
Woolworths Group Ltd.		12,629		302,961
				592,109
Energy (0.5%):
Santos Ltd.		45,247		229,770
Woodside Energy Group Ltd.		8,146		191,071
				420,841
Financials (1.6%):
ANZ Group Holdings Ltd.		19,599		323,272
Commonwealth Bank of Australia		4,358		280,049
National Australia Bank Ltd.		15,305		285,993
Suncorp Group Ltd.		31,144		279,671
Westpac Banking Corp.		18,944		257,548
				1,426,533
Health Care (1.0%):
Cochlear Ltd.		1,487		244,047
CSL Ltd.		1,607		259,072
Ramsay Health Care Ltd.		5,671		189,083
Sonic Healthcare Ltd.		8,935		171,154
				863,356
Industrials (0.7%):
Brambles Ltd.		35,008		322,246
Computershare Ltd.		16,074		268,229
				590,475
Information Technology (0.2%):
WiseTech Global Ltd.		3,596		150,364
				150,364
Materials (1.1%):
BHP Group Ltd.		6,722		191,200
Fortescue Metals Group Ltd.		10,898		146,550
Mineral Resources Ltd.		2,637		114,637
Newcrest Mining Ltd.		9,041		142,500
Rio Tinto Ltd.		2,778		202,767
South32 Ltd.		56,750		123,664
				921,318
				5,735,345
Austria (0.6%):
Energy (0.2%):
OMV AG		4,016		192,398
				192,398

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Austria (0.6%): (continued)
Financials (0.2%):
Erste Group Bank AG		5,328		184,851
				184,851
Utilities (0.2%):
Verbund AG		1,944		158,339
				158,339
				535,588
Belgium (0.9%):
Consumer Discretionary (0.2%):
D'ieteren Group		1,143		193,203
				193,203
Financials (0.2%):
KBC Group N.V.		2,868		179,299
				179,299
Materials (0.3%):
Solvay SA, Class A		1,858		205,936
				205,936
Utilities (0.2%):
Elia Group SA		1,888		184,912
				184,912
				763,350
Canada (10.6%):
Consumer Discretionary (0.6%):
Dollarama, Inc.		5,034		346,868
Magna International, Inc.		3,404		182,444
				529,312
Consumer Staples (1.1%):
Alimentation Couche-Tard, Inc.		6,030		306,273
Metro, Inc.		7,662		397,966
Saputo, Inc.		10,115		211,521
				915,760
Energy (2.3%):
Cameco Corp.		6,072		240,940
Canadian Natural Resources Ltd.		3,311		214,151
Cenovus Energy, Inc.		8,693		181,016
Enbridge, Inc.		7,936		263,248
Imperial Oil Ltd.		3,501		215,664
Pembina Pipeline Corp.		8,151		245,112
Suncor Energy, Inc.		5,968		205,261
TC Energy Corp.		5,986		205,880
Tourmaline Oil Corp.		3,958		199,197
				1,970,469
Financials (2.1%):
Brookfield Asset Management Ltd., Class A		5,183		172,728
Fairfax Financial Holdings Ltd.		394		321,667
Great-West Lifeco, Inc.		11,379		325,593
Intact Financial Corp.		2,332		340,021
National Bank of Canada		4,526		300,700

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Canada (10.6%): (continued)
Financials (2.1%): (continued)
Power Corp. of Canada		12,884		328,053
				1,788,762
Industrials (1.7%):
Canadian National Railway Co.		2,706		293,075
Canadian Pacific Kansas City Ltd.		3,727		277,062
TFI International, Inc.		1,772		227,603
Waste Connections, Inc.		2,515		337,722
WSP Global, Inc.		2,108		297,551
				1,433,013
Information Technology (0.5%):
Constellation Software, Inc.		141		291,123
Open Text Corp.		5,267		184,874
				475,997
Materials (1.3%):
Agnico Eagle Mines Ltd.		3,138		142,609
Barrick Gold Corp.		9,584		139,233
First Quantum Minerals Ltd.		4,175		98,649
Franco-Nevada Corp.		1,482		197,873
Ivanhoe Mines Ltd. (a)		13,945		119,520
Nutrien Ltd.		2,387		147,428
Teck Resources Ltd., Class B		3,653		157,245
Wheaton Precious Metals Corp.		4,001		162,385
				1,164,942
Utilities (1.0%):
Emera, Inc.		7,213		251,852
Fortis, Inc.		8,374		318,102
Hydro One Ltd.		12,236		311,554
				881,508
				9,159,763
Chile (0.2%):
Materials (0.2%):
Antofagasta PLC		8,304		144,758
				144,758
Denmark (1.9%):
Consumer Discretionary (0.2%):
Pandora A/S		1,603		166,273
				166,273
Financials (0.3%):
Tryg A/S		14,974		274,611
				274,611
Health Care (0.7%):
Coloplast A/S, Class B		1,510		160,052
Genmab A/S (a)		573		203,749
Novo Nordisk A/S, Class B		3,004		274,241
				638,042
Industrials (0.4%):
AP Moller - Maersk A/S, Class B		73		131,806

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Denmark (1.9%): (continued)
Industrials (0.4%): (continued)
DSV A/S		1,032		192,991
				324,797
Materials (0.2%):
Novozymes A/S, Class B Shares		3,896		157,261
				157,261
Utilities (0.1%):
Orsted A/S		1,936		105,704
				105,704
				1,666,688
Finland (1.7%):
Energy (0.1%):
Neste Oyj		3,973		134,942
				134,942
Financials (0.6%):
Nordea Bank Abp		20,531		225,800
Sampo Oyj, Class A Shares		6,436		278,808
				504,608
Industrials (0.2%):
Kone Oyj, Class B		3,863		163,017
				163,017
Information Technology (0.2%):
Nokia Oyj		47,213		178,076
				178,076
Materials (0.6%):
Stora Enso Oyj, Class R		16,419		206,370
UPM-Kymmene Oyj		8,083		277,442
				483,812
				1,464,455
France (7.2%):
Communication Services (0.3%):
Bollore SE		48,188		259,283
				259,283
Consumer Discretionary (0.4%):
Cie Generale des Etablissements Michelin SCA		6,637		203,955
Hermes International SCA		95		173,715
				377,670
Consumer Staples (0.3%):
Carrefour SA		12,135		208,903
				208,903
Energy (0.3%):
TotalEnergies SE		3,734		245,952
				245,952
Financials (1.2%):
Amundi SA		2,978		167,949
Credit Agricole SA		21,838		269,910
Edenred SE		5,077		318,151
Societe Generale SA		7,990		194,644

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
France (7.2%): (continued)
Financials (1.2%): (continued)
Worldline SA (a)		4,246		119,618
				1,070,272
Health Care (0.9%):
BioMerieux		2,169		210,531
EssilorLuxottica SA		1,226		214,049
Ipsen SA		1,742		228,711
Sartorius Stedim Biotech		470		112,286
				765,577
Industrials (2.6%):
Aeroports de Paris SA		1,531		181,102
Bouygues SA		8,299		290,734
Bureau Veritas SA		10,119		251,483
Eiffage SA		2,465		234,623
Getlink SE		17,742		283,390
Legrand SA		2,508		231,452
Schneider Electric SE		1,237		205,273
Teleperformance SE		565		71,313
Thales SA		1,593		224,136
Vinci SA		2,428		269,550
				2,243,056
Information Technology (0.4%):
Dassault Systemes SE		4,555		169,950
STMicroelectronics N.V.		3,375		146,223
				316,173
Materials (0.3%):
Air Liquide SA		1,580		266,969
				266,969
Utilities (0.5%):
Engie SA		15,547		238,798
Veolia Environnement SA		7,210		209,064
				447,862
				6,201,717
Germany (5.5%):
Communication Services (0.2%):
Telefonica Deutschland Holding AG		78,979		141,514
				141,514
Consumer Discretionary (0.2%):
Puma SE		2,509		155,954
Zalando SE (a)		2,708		60,487
				216,441
Consumer Staples (0.4%):
Beiersdorf AG		2,500		322,813
				322,813
Financials (1.6%):
Commerzbank AG		13,635		155,523
Deutsche Boerse AG		1,553		268,743
Hannover Rueck SE		1,448		318,230
Muenchener Rueckversicherungs-Gesellschaft AG, Class R		777		303,168

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Germany (5.5%): (continued)
Financials (1.6%): (continued)
Talanx AG		5,916		375,230
				1,420,894
Health Care (0.3%):
Carl Zeiss Meditec AG		1,315		115,127
Fresenius Medical Care AG & Co. KGaA		3,831		165,393
				280,520
Industrials (1.5%):
Brenntag SE		2,760		214,386
Daimler Truck Holding AG		6,952		241,194
Deutsche Lufthansa AG (a)		19,928		158,121
Deutsche Post AG		4,238		172,637
Knorr-Bremse AG		2,504		159,296
MTU Aero Engines AG		974		176,837
Rheinmetall AG		544		140,259
				1,262,730
Information Technology (0.1%):
Infineon Technologies AG		3,975		131,754
				131,754
Materials (0.7%):
Evonik Industries AG		10,184		186,513
Heidelberg Materials AG		2,746		213,415
Symrise AG		2,026		193,438
				593,366
Real Estate (0.2%):
Vonovia SE		6,830		164,689
				164,689
Utilities (0.3%):
E.ON SE		20,495		242,652
				242,652
				4,777,373
Hong Kong (3.4%):
Financials (0.5%):
AIA Group Ltd.		18,543		151,196
Hang Seng Bank Ltd.		21,621		269,065
				420,261
Health Care (0.1%):
Sino Biopharmaceutical Ltd.		332,898		120,309
				120,309
Industrials (0.5%):
CK Hutchison Holdings Ltd.		48,481		259,409
Techtronic Industries Co. Ltd.		12,711		123,365
				382,774
Real Estate (1.6%):
CK Asset Holdings Ltd.		50,454		265,778
Henderson Land Development Co. Ltd.		70,238		185,221
Hongkong Land Holdings Ltd.		64,000		228,480
Sino Land Co. Ltd.		188,505		212,561
Sun Hung Kai Properties Ltd.		22,461		240,366

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Hong Kong (3.4%): (continued)
Real Estate (1.6%): (continued)
Swire Pacific Ltd., Class A		36,593		246,969
				1,379,375
Utilities (0.7%):
Hong Kong & China Gas Co. Ltd.		378,624		263,998
Power Assets Holdings Ltd.		72,418		350,497
				614,495
				2,917,214
Ireland (1.3%):
Consumer Staples (0.2%):
Kerry Group PLC, Class A		2,579		215,866
				215,866
Financials (0.4%):
AIB Group PLC		43,615		196,410
Bank of Ireland Group PLC		16,003		157,158
				353,568
Industrials (0.2%):
Kingspan Group PLC		2,169		162,701
				162,701
Materials (0.5%):
CRH PLC (a)		4,565		249,842
Smurfit Kappa Group PLC		4,859		161,821
				411,663
				1,143,798
Israel (1.0%):
Financials (0.6%):
Bank Hapoalim BM		30,819		274,006
Bank Leumi Le-Israel BM		33,097		273,594
				547,600
Information Technology (0.2%):
Nice Ltd. (a)		752		127,267
				127,267
Materials (0.2%):
ICL Group Ltd.		32,024		177,015
				177,015
				851,882
Italy (3.5%):
Communication Services (0.2%):
Infrastrutture Wireless Italiane SpA		17,690		210,658
				210,658
Consumer Discretionary (0.2%):
Moncler SpA		2,458		143,118
				143,118
Energy (0.3%):
Eni SpA		15,494		249,875
				249,875
Financials (1.6%):
Assicurazioni Generali SpA		12,919		264,463
FinecoBank Banca Fineco SpA		11,239		136,808

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Italy (3.5%): (continued)
Financials (1.6%): (continued)
Intesa Sanpaolo SpA		79,645		205,431
Mediobanca Banca di Credito Finanziario SpA		22,484		297,812
Poste Italiane SpA		23,327		245,802
UniCredit SpA		8,223		197,582
				1,347,898
Industrials (0.4%):
Nexi SpA (a)		20,179		123,466
Prysmian SpA		5,094		205,433
				328,899
Utilities (0.8%):
Enel SpA		39,619		243,750
Snam SpA		48,520		228,192
Terna - Rete Elettrica Nazionale		30,910		232,908
				704,850
				2,985,298
Japan (21.6%):
Communication Services (0.7%):
Nexon Co. Ltd.		9,700		173,557
SoftBank Corp.		36,000		407,295
				580,852
Consumer Discretionary (2.5%):
Bridgestone Corp.		7,700		300,384
Denso Corp.		18,800		302,093
Fast Retailing Co. Ltd.		1,100		239,921
Oriental Land Co. Ltd.		7,400		243,117
Panasonic Holdings Corp.		26,800		301,684
Sekisui House Ltd.		15,600		310,810
Shimano, Inc.		1,300		175,442
Suzuki Motor Corp.		7,000		281,836
				2,155,287
Consumer Staples (1.5%):
Aeon Co. Ltd.		16,700		331,105
Ajinomoto Co., Inc.		7,000		270,031
Kao Corp.		7,400		274,912
Shiseido Co. Ltd.		4,500		158,111
Unicharm Corp.		6,300		223,085
				1,257,244
Energy (0.3%):
Inpex Corp.		18,600		280,830
				280,830
Financials (2.6%):
Dai-ichi Life Holdings, Inc.		11,500		238,358
Japan Post Holdings Co. Ltd.		36,200		290,118
MS&AD Insurance Group Holdings, Inc.		8,300		305,237
ORIX Corp.		15,200		284,123
Sompo Holdings, Inc.		6,500		279,845
Sumitomo Mitsui Financial Group, Inc.		6,000		295,021
Sumitomo Mitsui Trust Holdings, Inc.		7,000		263,800

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Japan (21.6%): (continued)
Financials (2.6%): (continued)
Tokio Marine Holdings, Inc.		13,100		303,785
				2,260,287
Health Care (2.0%):
Chugai Pharmaceutical Co. Ltd.		11,800		365,167
Daiichi Sankyo Co. Ltd.		5,200		142,894
Eisai Co. Ltd.		3,100		172,282
Hoya Corp.		1,900		194,870
M3, Inc.		6,600		119,968
Olympus Corp.		12,200		158,522
Shionogi & Co. Ltd.		6,600		295,326
Terumo Corp.		9,900		262,573
				1,711,602
Industrials (6.0%):
Central Japan Railway Co.		14,500		352,747
Daikin Industries Ltd.		1,400		219,950
East Japan Railway Co.		6,000		343,528
FANUC Corp.		7,600		198,011
Hitachi Ltd.		5,000		310,367
ITOCHU Corp.		7,800		282,203
Komatsu Ltd.		11,900		321,990
Kubota Corp.		18,800		277,307
Marubeni Corp.		16,200		252,834
Mitsubishi Corp.		7,000		333,931
Mitsubishi Electric Corp.		26,300		325,450
Nidec Corp.		4,400		204,099
Nippon Yusen KK		7,200		187,252
Secom Co. Ltd.		5,900		400,388
SMC Corp.		400		179,307
Toshiba Corp. (a)		8,100		249,527
Toyota Industries Corp.		4,500		354,621
Toyota Tsusho Corp.		5,900		347,279
				5,140,791
Information Technology (4.1%):
Advantest Corp.		9,200		257,430
Canon, Inc.		14,400		347,423
Fujifilm Holdings Corp.		5,600		324,487
Fujitsu Ltd.		2,000		235,578
Keyence Corp.		500		185,718
Kyocera Corp.		6,000		304,658
Lasertec Corp.		800		124,588
Murata Manufacturing Co. Ltd.		14,400		263,483
Nomura Research Institute Ltd.		9,500		247,514
NTT Data Group Corp.		18,600		249,523
OBIC Co. Ltd.		2,000		303,641
Renesas Electronics Corp. (a)		13,600		208,023
TDK Corp.		6,100		226,249

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Japan (21.6%): (continued)
Information Technology (4.1%): (continued)
Tokyo Electron Ltd.		1,600		218,873
				3,497,188
Materials (0.7%):
Nippon Paint Holdings Co. Ltd.		22,500		151,486
Nippon Steel Corp.		11,300		265,068
Shin-Etsu Chemical Co. Ltd.		7,900		229,619
				646,173
Real Estate (1.2%):
Daiwa House Industry Co. Ltd.		14,200		381,562
Mitsubishi Estate Co. Ltd.		26,700		349,341
Mitsui Fudosan Co. Ltd.		15,800		348,315
				1,079,218
				18,609,472
Luxembourg (0.6%):
Energy (0.2%):
Tenaris SA		10,905		172,743
				172,743
Health Care (0.2%):
Eurofins Scientific SE		2,607		147,439
				147,439
Materials (0.2%):
ArcelorMittal SA		6,166		154,968
				154,968
				475,150
Netherlands (2.5%):
Communication Services (0.3%):
Universal Music Group N.V.		9,173		239,802
				239,802
Consumer Discretionary (0.1%):
Prosus N.V. (a)		4,210		124,255
				124,255
Financials (0.7%):
ABN AMRO Bank N.V.		11,576		164,466
ING Groep N.V.		15,224		201,972
NN Group N.V.		6,591		212,087
				578,525
Industrials (0.8%):
Adyen N.V. (a)		77		57,442
IMCD N.V.		1,264		160,342
Randstad N.V.		3,566		197,453
Wolters Kluwer N.V.		2,351		284,934
				700,171
Information Technology (0.4%):
ASM International N.V.		363		152,532
ASML Holding N.V.		246		145,393
				297,925

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Netherlands (2.5%): (continued)
Materials (0.2%):
Akzo Nobel N.V.		2,777		201,029
				201,029
				2,141,707
New Zealand (0.2%):
Health Care (0.2%):
Fisher & Paykel Healthcare Corp. Ltd.		12,107		156,526
				156,526
Norway (1.6%):
Communication Services (0.3%):
Telenor ASA		21,319		242,223
				242,223
Consumer Staples (0.2%):
Mowi ASA		9,485		168,125
				168,125
Energy (0.4%):
Aker BP ASA		6,552		181,358
Equinor ASA		6,590		216,397
				397,755
Financials (0.3%):
DNB Bank ASA		13,271		267,562
				267,562
Materials (0.4%):
Norsk Hydro ASA		20,708		130,130
Yara International ASA		4,894		185,487
				315,617
				1,391,282
Portugal (0.8%):
Consumer Staples (0.3%):
Jeronimo Martins SGPS SA		10,948		246,046
				246,046
Energy (0.3%):
Galp Energia SGPS SA		16,987		252,117
				252,117
Utilities (0.2%):
EDP - Energias de Portugal SA		52,336		217,758
				217,758
				715,921
Russian Federation (0.0%):†
Materials (0.0%):†
Evraz PLC (a)(b)(c)		38,723		19,131
				19,131
Singapore (3.1%):
Communication Services (0.4%):
Singapore Telecommunications Ltd.		193,700		342,982
				342,982
Consumer Staples (0.4%):
Wilmar International Ltd.		116,000		316,588
				316,588

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Singapore (3.1%): (continued)
Financials (1.5%):
DBS Group Holdings Ltd.		17,100		420,900
Oversea-Chinese Banking Corp. Ltd.		49,800		466,772
United Overseas Bank Ltd.		18,000		375,357
				1,263,029
Industrials (0.6%):
Singapore Airlines Ltd.		111,200		525,611
				525,611
Real Estate (0.2%):
CapitaLand Investment Ltd.		91,300		207,090
				207,090
				2,655,300
South Korea (4.9%):
Communication Services (0.3%):
Kakao Corp.		3,002		97,790
NAVER Corp.		1,037		154,873
				252,663
Consumer Discretionary (0.9%):
Hyundai Mobis Co. Ltd.		1,266		225,669
Hyundai Motor Co.		1,582		224,074
Kia Corp.		3,198		192,942
LG Electronics, Inc.		2,031		151,888
				794,573
Energy (0.1%):
SK Innovation Co. Ltd. (a)		1,050		115,802
				115,802
Financials (1.2%):
Hana Financial Group, Inc.		5,595		176,036
KakaoBank Corp.		6,091		105,414
KB Financial Group, Inc.		5,225		214,159
Samsung Life Insurance Co. Ltd.		5,355		279,022
Shinhan Financial Group Co. Ltd.		7,976		210,455
				985,086
Health Care (0.4%):
Celltrion, Inc.		1,472		151,869
Samsung Biologics Co. Ltd. (a)		418		210,983
				362,852
Industrials (0.8%):
Ecopro BM Co. Ltd.		560		105,010
LG Corp.		3,225		200,308
Samsung C&T Corp.		2,943		234,707
SK, Inc.		1,518		164,491
				704,516
Information Technology (0.7%):
Samsung Electronics Co. Ltd.		4,451		225,651
Samsung SDI Co. Ltd.		299		113,466
SK Hynix, Inc.		2,598		220,865
				559,982

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
South Korea (4.9%): (continued)
Materials (0.5%):
LG Chem Ltd.		258		94,943
POSCO Future M Co. Ltd.		498		132,694
POSCO Holdings, Inc.		577		228,799
				456,436
				4,231,910
Spain (2.8%):
Consumer Discretionary (0.3%):
Industria de Diseno Textil SA		6,777		252,817
				252,817
Energy (0.3%):
Repsol SA		14,681		241,636
				241,636
Financials (0.2%):
CaixaBank SA		53,630		214,638
				214,638
Industrials (0.8%):
Aena SME SA		1,473		222,045
Amadeus IT Group SA		3,237		196,003
Ferrovial SE		9,182		281,193
				699,241
Utilities (1.2%):
Acciona SA		1,342		171,229
Endesa SA		12,405		252,761
Iberdrola SA		29,719		332,854
Redeia Corp. SA		16,616		261,628
				1,018,472
				2,426,804
Sweden (3.6%):
Consumer Staples (0.2%):
Essity AB, Class B		8,976		193,869
				193,869
Financials (1.2%):
EQT AB		5,313		105,511
L E Lundbergforetagen AB, Class B		4,268		178,582
Skandinaviska Enskilda Banken AB, Class A		21,326		255,104
Svenska Handelsbanken AB, Class A		25,002		223,329
Swedbank AB, Class A		13,070		240,889
				1,003,415
Industrials (1.5%):
Alfa Laval AB		4,937		169,870
Assa Abloy AB, Class B		8,784		191,572
Atlas Copco AB, Class A		13,944		187,993
Epiroc AB, Class A		8,646		164,656
Lifco AB, Class B		7,191		126,379
Nibe Industrier AB, Class B		11,283		74,173
Sandvik AB		8,465		156,248
Volvo AB, Class B		10,785		222,770
				1,293,661

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Sweden (3.6%): (continued)
Information Technology (0.3%):
Hexagon AB, Class B		15,771		134,838
Telefonaktiebolaget LM Ericsson, Class B		32,021		156,352
				291,190
Materials (0.4%):
Boliden AB		4,330		124,663
Svenska Cellulosa AB SCA, Class B		16,645		228,522
				353,185
				3,135,320
Switzerland (6.5%):
Communication Services (0.4%):
Swisscom AG, Registered		574		341,351
				341,351
Consumer Discretionary (0.4%):
Cie Financiere Richemont SA, Registered		1,161		142,096
The Swatch Group AG		700		180,068
				322,164
Consumer Staples (0.6%):
Barry Callebaut AG, Registered		180		286,788
Chocoladefabriken Lindt & Spruengli AG		22		244,979
				531,767
Financials (1.1%):
Julius Baer Group Ltd.		3,005		193,284
Partners Group Holding AG		169		191,051
Swiss Life Holding AG		409		255,474
Swiss Re AG		2,783		286,846
				926,655
Health Care (0.8%):
Alcon, Inc.		3,367		261,015
Lonza Group AG, Registered		308		143,247
Sonova Holding AG		584		138,932
Straumann Holding AG, Class R		955		122,310
				665,504
Industrials (1.4%):
ABB Ltd., Registered		7,350		263,447
Geberit AG, Registered		368		184,583
Kuehne + Nagel International AG, Class R		707		201,647
Schindler Holding AG		981		196,178
SGS SA, Registered		3,011		253,423
VAT Group AG		418		150,281
				1,249,559
Information Technology (0.2%):
Logitech International SA, Class R		2,769		191,479
				191,479
Materials (1.6%):
DSM-Firmenich AG		1,623		137,477
EMS-Chemie Holding AG		264		179,731
Givaudan SA, Registered		65		212,665
Glencore PLC		29,176		167,246

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Switzerland (6.5%): (continued)
Materials (1.6%): (continued)
Holcim AG		4,326		277,874
SIG Group AG		8,208		203,070
Sika AG, Registered		640		163,025
				1,341,088
				5,569,567
United Kingdom (6.0%):
Communication Services (0.5%):
BT Group PLC		97,977		139,482
Informa PLC		30,021		274,816
				414,298
Consumer Discretionary (0.6%):
Burberry Group PLC		6,742		156,966
JD Sports Fashion PLC		68,204		124,553
Next PLC		2,180		194,028
				475,547
Consumer Staples (0.5%):
Associated British Foods PLC		8,776		221,397
Haleon PLC		58,541		243,415
				464,812
Financials (1.5%):
3i Group PLC		9,587		242,441
Legal & General Group PLC		63,715		172,940
Lloyds Banking Group PLC		352,868		190,997
London Stock Exchange Group PLC		2,951		296,417
Schroders PLC		30,837		153,181
Standard Chartered PLC		23,874		220,759
				1,276,735
Health Care (0.2%):
Smith & Nephew PLC		16,959		211,641
				211,641
Industrials (1.3%):
Ashtead Group PLC		3,010		183,668
Bunzl PLC		6,929		247,325
RELX PLC		9,678		327,622
Rentokil Initial PLC		29,760		221,528
Spirax-Sarco Engineering PLC		1,385		160,948
				1,141,091
Information Technology (0.5%):
Halma PLC		7,380		174,520
The Sage Group PLC		24,730		298,363
				472,883
Materials (0.6%):
Anglo American PLC		4,866		134,481
Croda International PLC		2,465		147,796
Rio Tinto PLC		3,164		199,704
				481,981

	Schedule of Portfolio Investments – continued
	September 30, 2023
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
United Kingdom (6.0%): (continued)
Utilities (0.3%):
SSE PLC		10,976		215,573
				215,573
				5,154,561
United States (0.2%):
Utilities (0.2%):
Brookfield Renewable Corp., Class A		6,954		166,464
				166,464
Total Common Stocks (Cost $87,283,460)				85,196,344

SECURITY DESCRIPTION	SHARES	VALUE ($)
Warrant (0.0%)†
Canada (0.0%):†
Information Technology (0.0%):†
Constellation Software, Inc. (a)(c)	141	—
		–
Total Warrant (Cost $–)		–
Total Investments (Cost $87,283,460) — 98.9%		85,196,344
Other assets in excess of liabilities — 1.1%		998,616
NET ASSETS - 100.00%		86,194,960

Percentages indicated are based on net assets as of September 30, 2023.

†	Represents less than 0.05%.
(a)	Non-income producing security.
(b)	The following table details the earliest acquisition date and cost of the Fund's restricted securities due to trading restrictions at September 30, 2023.

Security Name	Acquisition Date	Cost
Evraz PLC	12/4/2019	$247,473

(c) Security was fair valued based upon procedures approved by the Board of Trustees and represents 0.02% of the Fund's net asset as of September 30, 2023. This security is classified as Level 3 within the fair value hierarchy.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts		Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
Mini MSCI EAFE Index	12/15/23		6	$	629,049	$	612,450	$	(16,599	)
								$	(16,599	)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.4%)
Communication Services (0.6%):
Live Nation Entertainment, Inc.(a)		2,395		198,881
The Trade Desk, Inc., Class A(a)		1,194		93,311
ZoomInfo Technologies, Inc.(a)		4,141		67,912
				360,104
Consumer Discretionary (9.4%):
Aptiv PLC(a)		1,281		126,294
Aramark		5,660		196,402
AutoZone, Inc.(a)		102		259,079
Bath & Body Works, Inc.		2,965		100,217
BorgWarner, Inc.		4,641		187,357
Burlington Stores, Inc.(a)		620		83,886
CarMax, Inc.(a)		1,651		116,775
Chipotle Mexican Grill, Inc.(a)		105		192,342
Darden Restaurants, Inc.		1,616		231,444
Deckers Outdoor Corp.(a)		362		186,101
Domino's Pizza, Inc.		530		200,759
DR Horton, Inc.		1,714		184,204
Five Below, Inc.(a)		669		107,642
Floor & Decor Holdings, Inc., Class A(a)		1,129		102,174
Garmin Ltd.		2,084		219,237
Genuine Parts Co.		1,625		234,617
Lennar Corp., Class A		1,651		185,292
LKQ Corp.		4,094		202,694
Lowe's Cos., Inc.		942		195,785
NVR, Inc.(a)		34		202,752
O'Reilly Automotive, Inc.(a)		321		291,744
Penske Automotive Group, Inc.		1,176		196,463
Pool Corp.		439		156,328
PulteGroup, Inc.		2,689		199,120
Ross Stores, Inc.		1,815		205,004
Service Corp. International		3,083		176,163
Tapestry, Inc.		3,896		112,010
Tesla, Inc.(a)		515		128,863
Tractor Supply Co.		896		181,933
Vail Resorts, Inc.		852		189,050
				5,351,731
Consumer Staples (5.2%):
BJ's Wholesale Club Holdings, Inc.(a)		3,055		218,035
Bunge Ltd.		1,785		193,226
Campbell Soup Co.		5,408		222,161
Costco Wholesale Corp.		480		271,181
Coty, Inc., Class A(a)		11,262		123,544
Darling Ingredients, Inc.(a)		2,511		131,074
Dollar General Corp.		1,237		130,875
Dollar Tree, Inc.(a)		1,297		138,066
Hormel Foods Corp.		8,180		311,085

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Consumer Staples (5.2%): (continued)
Lamb Weston Holdings, Inc.		2,392		221,164
McCormick & Co., Inc.		2,736		206,951
Monster Beverage Corp.(a)		4,966		262,950
Sysco Corp.		3,581		236,525
The J.M. Smucker Co.		2,333		286,749
				2,953,586
Energy (7.2%):
APA Corp.		2,818		115,820
Cheniere Energy, Inc.		1,068		177,245
Chesapeake Energy Corp.		1,823		157,197
ConocoPhillips		1,482		177,544
Coterra Energy, Inc.		5,774		156,187
Devon Energy Corp.		2,213		105,560
Diamondback Energy, Inc.		1,025		158,752
EOG Resources, Inc.		1,240		157,182
EQT Corp.		3,550		144,059
Halliburton Co.		3,808		154,224
Hess Corp.		959		146,727
HF Sinclair Corp.		3,207		182,575
Kinder Morgan, Inc.		13,975		231,705
Marathon Oil Corp.		5,070		135,623
Marathon Petroleum Corp.		1,327		200,828
Occidental Petroleum Corp.		2,241		145,396
ONEOK, Inc.		2,869		181,981
Ovintiv, Inc.		2,874		136,716
Phillips 66		1,595		191,639
Pioneer Natural Resources Co.		690		158,389
Schlumberger N.V.		2,626		153,096
Targa Resources Corp.		2,064		176,926
Texas Pacific Land Corp.		78		142,238
The Williams Cos., Inc.		7,437		250,553
Valero Energy Corp.		1,116		158,148
				4,096,310
Financials (10.8%):
Aflac, Inc.		3,997		306,770
American Financial Group, Inc.		1,907		212,955
Arch Capital Group Ltd.(a)		2,891		230,442
Ares Management Corp., Class A		1,952		200,802
Arthur J Gallagher & Co.		1,277		291,067
Brown & Brown, Inc.		3,430		239,551
Cboe Global Markets, Inc.		1,933		301,954
East West BanCorp, Inc.		2,417		127,400
Equitable Holdings, Inc.		6,453		183,201
Erie Indemnity Co., Class A		953		279,982
Everest Group Ltd.		533		198,100
FactSet Research Systems, Inc.		540		236,120
First Citizens BancShares, Inc., Class A		87		120,069
FleetCor Technologies, Inc.(a)		818		208,868

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (10.8%): (continued)
Franklin Resources, Inc.		6,318		155,296
Globe Life, Inc.		2,445		265,845
Interactive Brokers Group, Inc.		2,196		190,086
Intercontinental Exchange, Inc.		2,241		246,555
LPL Financial Holdings, Inc.		779		185,129
MarketAxess Holdings, Inc.		484		103,402
Morningstar, Inc.		827		193,716
MSCI, Inc.		312		160,081
Nasdaq, Inc.		4,029		195,769
Principal Financial Group, Inc.		2,508		180,752
Raymond James Financial, Inc.		2,022		203,069
Reinsurance Group of America, Inc.		1,474		214,010
Rocket Cos., Inc., Class A(a)		11,778		96,344
Ryan Specialty Holdings, Inc.(a)		3,502		169,497
Tradeweb Markets, Inc., Class A		2,985		239,397
W R Berkley Corp.		3,968		251,928
				6,188,157
Health Care (10.9%):
Agilent Technologies, Inc.		1,352		151,181
Align Technology, Inc.(a)		282		86,100
Amgen, Inc.		1,110		298,324
Avantor, Inc.(a)		7,493		157,952
BioMarin Pharmaceutical, Inc.(a)		1,971		174,394
Bruker Corp.		2,028		126,344
Catalent, Inc.(a)		2,099		95,568
Centene Corp.(a)		3,016		207,742
Charles River Laboratories International, Inc.(a)		680		133,266
Danaher Corp.		754		187,067
Dexcom, Inc.(a)		1,076		100,391
Edwards Lifesciences Corp.(a)		1,902		131,771
GE HealthCare Technologies, Inc.		1,987		135,196
HCA Healthcare, Inc.		690		169,726
Henry Schein, Inc.(a)		3,016		223,938
Humana, Inc.		465		226,232
IDEXX Laboratories, Inc.(a)		321		140,364
Incyte Corp.(a)		3,616		208,896
Insulet Corp.(a)		427		68,102
Intuitive Surgical, Inc.(a)		616		180,051
IQVIA Holdings, Inc.(a)		861		169,402
Laboratory Corp. of America Holdings		1,128		226,784
Masimo Corp.(a)		778		68,215
Mettler-Toledo International, Inc.(a)		117		129,644
Moderna, Inc.(a)		658		67,965
Neurocrine Biosciences, Inc.(a)		1,924		216,450
Regeneron Pharmaceuticals, Inc.(a)		206		169,530
Repligen Corp.(a)		580		92,226
ResMed, Inc.		998		147,574
Revvity, Inc.		1,249		138,264

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Health Care (10.9%): (continued)
Stryker Corp.		694		189,649
Teleflex, Inc.		674		132,380
United Therapeutics Corp.(a)		946		213,673
Veeva Systems, Inc., Class A(a)		853		173,543
Vertex Pharmaceuticals, Inc.(a)		626		217,685
Waters Corp.(a)		604		165,623
West Pharmaceutical Services, Inc.		376		141,079
Zimmer Biomet Holdings, Inc.		1,862		208,954
Zoetis, Inc.		1,112		193,466
				6,264,711
Industrials (26.8%):
A.O. Smith Corp.		2,635		174,252
AECOM		2,975		247,044
AGCO Corp.		1,475		174,463
Allegion PLC		1,817		189,331
AMETEK, Inc.		1,858		274,538
Axon Enterprise, Inc.(a)		638		126,956
Builders FirstSource, Inc.(a)		1,488		185,241
Carlisle Cos., Inc.		853		221,149
Carrier Global Corp.		4,198		231,730
Caterpillar, Inc.		878		239,694
CH Robinson Worldwide, Inc.		2,190		188,625
Cintas Corp.		541		260,226
Copart, Inc.(a)		5,818		250,698
CoStar Group, Inc.(a)		2,540		195,301
CSX Corp.		7,501		230,656
Deere & Co.		567		213,974
Dover Corp.		1,454		202,847
Eaton Corp. PLC		1,397		297,952
Equifax, Inc.		822		150,574
Expeditors International of Washington, Inc.		1,794		205,646
Fastenal Co.		4,115		224,844
Fortive Corp.		3,361		249,252
General Dynamics Corp.		1,292		285,493
Graco, Inc.		3,406		248,229
HEICO Corp.		1,349		218,443
Honeywell International, Inc.		1,346		248,660
Howmet Aerospace, Inc.		5,096		235,690
Hubbell, Inc.		907		284,263
IDEX Corp.		1,116		232,150
Illinois Tool Works, Inc.		1,051		242,056
Ingersoll Rand, Inc.		3,499		222,956
J.B. Hunt Transport Services, Inc.		1,080		203,602
Jack Henry & Associates, Inc.		1,365		206,306
Johnson Controls International PLC		3,397		180,754
Knight-Swift Transportation Holdings, Inc.		3,322		166,598
Leidos Holdings, Inc.		3,015		277,862
Lennox International, Inc.		686		256,866

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (26.8%): (continued)
Lincoln Electric Holdings, Inc.		1,544		280,684
Masco Corp.		3,449		184,349
Nordson Corp.		920		205,316
Norfolk Southern Corp.		1,090		214,654
Old Dominion Freight Line, Inc.		474		193,932
Otis Worldwide Corp.		3,212		257,956
PACCAR, Inc.		3,279		278,781
Parker-Hannifin Corp.		635		247,345
Paychex, Inc.		2,121		244,615
Paycom Software, Inc.		467		121,079
Paylocity Holding Corp.(a)		650		118,105
Quanta Services, Inc.		1,137		212,699
Regal Rexnord Corp.		1,152		164,598
Republic Services, Inc.		2,200		313,522
Rockwell Automation, Inc.		637		182,099
Rollins, Inc.		5,779		215,730
Snap-on, Inc.		1,097		279,801
SS&C Technologies Holdings, Inc.		3,553		186,675
Textron, Inc.		3,129		244,500
The Toro Co.		2,431		202,016
Trane Technologies PLC		1,178		239,028
TransDigm Group, Inc.(a)		266		224,273
TransUnion		2,131		152,984
U-Haul Holding Co.(a)		2,962		161,636
Union Pacific Corp.		1,082		220,328
United Rentals, Inc.		405		180,051
Verisk Analytics, Inc.		1,191		281,362
Waste Management, Inc.		1,870		285,063
Watsco, Inc.		546		206,235
Westinghouse Air Brake Technologies Corp.		2,266		240,808
WillScot Mobile Mini Holdings Corp.(a)		4,741		197,178
WW Grainger, Inc.		300		207,552
Xylem, Inc.		1,856		168,952
				15,358,827
Information Technology (14.3%):
Advanced Micro Devices, Inc.(a)		1,219		125,338
Akamai Technologies, Inc.(a)		2,519		268,374
Amphenol Corp., Class A		2,919		245,167
Analog Devices, Inc.		977		171,063
ANSYS, Inc.(a)		517		153,833
Arista Networks, Inc.(a)		958		176,205
Bentley Systems, Inc., Class B		3,714		186,294
Broadcom, Inc.		303		251,666
Cadence Design Systems, Inc.(a)		872		204,310
CDW Corp.		1,189		239,893
Cognizant Technology Solutions Corp., Class A		3,108		210,536
Dynatrace, Inc.(a)		3,062		143,087
Enphase Energy, Inc.(a)		501		60,195

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Information Technology (14.3%): (continued)
Entegris, Inc.		1,417		133,070
EPAM Systems, Inc.(a)		422		107,901
Fair Isaac Corp.(a)		178		154,598
Fortinet, Inc.(a)		1,909		112,020
Gartner, Inc.(a)		663		227,813
Jabil, Inc.		2,415		306,439
Juniper Networks, Inc.		6,704		186,304
Keysight Technologies, Inc.(a)		1,198		158,507
KLA Corp.		398		182,547
Lattice Semiconductor Corp.(a)		1,331		114,373
Manhattan Associates, Inc.(a)		928		183,428
Microchip Technology, Inc.		1,859		145,095
Monolithic Power Systems, Inc.		241		111,342
NetApp, Inc.		3,067		232,724
NVIDIA Corp.		392		170,516
NXP Semiconductors N.V.		866		173,131
ON Semiconductor Corp.(a)		1,430		132,918
Palo Alto Networks, Inc.(a)		736		172,548
PTC, Inc.(a)		1,622		229,805
Pure Storage, Inc., Class A(a)		6,342		225,902
Qorvo, Inc.(a)		1,522		145,305
Roper Technologies, Inc.		602		291,537
Seagate Technology Holdings PLC		2,239		147,662
ServiceNow, Inc.(a)		283		158,186
Skyworks Solutions, Inc.		1,342		132,308
Synopsys, Inc.(a)		480		220,306
TD SYNNEX Corp.		2,122		211,903
TE Connectivity Ltd.		1,638		202,342
Teledyne Technologies, Inc.(a)		503		205,516
Teradyne, Inc.		1,443		144,964
Trimble, Inc.(a)		3,100		166,966
Tyler Technologies, Inc.(a)		457		176,466
Zebra Technologies Corp.(a)		428		101,235
				8,201,638
Materials (7.2%):
Albemarle Corp.		623		105,935
Avery Dennison Corp.		1,119		204,408
Ball Corp.		2,973		147,996
Celanese Corp.		1,312		164,682
CF Industries Holdings, Inc.		1,861		159,562
Cleveland-Cliffs, Inc.(a)		6,034		94,311
Crown Holdings, Inc.		2,008		177,668
Eastman Chemical Co.		2,071		158,887
Ecolab, Inc.		1,120		189,728
FMC Corp.		1,972		132,065
Freeport-McMoRan, Inc.		2,845		106,090
International Paper Co.		5,090		180,542
LyondellBasell Industries N.V., Class A		2,001		189,495

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (7.2%): (continued)
Martin Marietta Materials, Inc.		560		229,869
Nucor Corp.		951		148,689
Packaging Corp. of America		1,430		219,576
PPG Industries, Inc.		1,289		167,312
Reliance Steel & Aluminum Co.		868		227,616
RPM International, Inc.		2,441		231,431
Steel Dynamics, Inc.		1,283		137,563
The Mosaic Co.		2,899		103,204
The Sherwin-Williams Co.		755		192,563
Vulcan Materials Co.		1,283		259,192
Westlake Corp.		1,358		169,302
				4,097,686
Utilities (7.0%):
Alliant Energy Corp.		4,421		214,198
Ameren Corp.		2,865		214,388
American Electric Power Co., Inc.		2,662		200,236
American Water Works Co., Inc.		1,592		197,137
Atmos Energy Corp.		2,209		233,999
CenterPoint Energy, Inc.		8,585		230,507
CMS Energy Corp.		4,154		220,619
Consolidated Edison, Inc.		2,858		244,445
DTE Energy Co.		2,280		226,358
Entergy Corp.		2,259		208,958
Essential Utilities, Inc.		5,770		198,084
Evergy, Inc.		4,056		205,639
Eversource Energy		3,120		181,428
NextEra Energy, Inc.		2,823		161,730
NiSource, Inc.		8,600		212,248
Public Service Enterprise Group, Inc.		3,662		208,405
The Southern Co.		3,706		239,852
WEC Energy Group, Inc.		2,633		212,088
Xcel Energy, Inc.		3,583		205,019
				4,015,338
Total Common Stocks (Cost $57,091,238)				56,888,088

SECURITY DESCRIPTION	SHARES		VALUE ($)
Investment Company (0.5%)
Federated Hermes Treasury Obligations Fund, 5.22%(b)		263,257		263,257
Total Investment Company (Cost $263,257)				263,257
Total Investments (Cost $57,354,495) — 99.9%				57,151,345
Other assets in excess of liabilities — 0.1%				68,065
NET ASSETS - 100.00%				57,219,410

Percentages indicated are based on net assets as of September 30, 2023.

(a)	Non-income producing security.
(b)	Rate disclosed is the 7-Day effective yield on September 30, 2023.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts		Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini	12/15/23		1	$	225,572	$	216,275	$	(9,297	)
								$	(9,297	)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan High Dividend Stock Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.2%)
Consumer Discretionary (7.3%):
Bath & Body Works, Inc.	9,936		335,837
Darden Restaurants, Inc.		5,412		775,106
Garmin Ltd.		6,980		734,296
Genuine Parts Co.		5,442		785,716
LKQ Corp.		13,721		679,327
Lowe's Cos., Inc.		3,156		655,943
Tapestry, Inc.		13,053		375,274
Vail Resorts, Inc.		2,854		633,274
				4,974,773
Consumer Staples (7.1%):
Bunge Ltd.		5,978		647,119
Campbell Soup Co.		18,122		744,452
Hormel Foods Corp.		27,409		1,042,364
McCormick & Co., Inc.		9,172		693,770
Sysco Corp.		12,000		792,600
The J.M. Smucker Co.		7,829		962,262
				4,882,567
Energy (15.2%):
APA Corp.		9,443		388,107
Chesapeake Energy Corp.		6,107		526,607
ConocoPhillips		4,968		595,166
Coterra Energy, Inc.		19,348		523,363
Diamondback Energy, Inc.		3,436		532,168
EOG Resources, Inc.		4,157		526,941
EQT Corp.		11,896		482,740
Halliburton Co.		12,759		516,739
HF Sinclair Corp.		10,748		611,884
Kinder Morgan, Inc.		46,832		776,475
Marathon Petroleum Corp.		4,451		673,614
ONEOK, Inc.		9,613		609,753
Ovintiv, Inc.		9,628		458,004
Phillips 66		5,345		642,202
Pioneer Natural Resources Co.		2,308		529,801
Targa Resources Corp.		6,917		592,925
The Williams Cos., Inc.		24,919		839,521
Valero Energy Corp.		3,735		529,287
				10,355,297
Financials (11.1%):
Aflac, Inc.		13,394		1,027,989
American Financial Group, Inc.		6,390		713,571
Ares Management Corp., Class A		6,545		673,284
East West BanCorp, Inc.		8,097		426,793
Equitable Holdings, Inc.		21,622		613,849
Erie Indemnity Co., Class A		3,191		937,484
Everest Group Ltd.		1,783		662,688

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan High Dividend Stock Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (11.1%): (continued)
Franklin Resources, Inc.		21,172		520,408
Principal Financial Group, Inc.		8,402		605,532
Raymond James Financial, Inc.		6,774		680,313
Reinsurance Group of America, Inc.		4,936		716,658
				7,578,569
Health Care (1.5%):
Amgen, Inc.		3,716		998,712
				998,712
Industrials (20.9%):
A.O. Smith Corp.		8,834		584,192
Caterpillar, Inc.		2,943		803,439
CH Robinson Worldwide, Inc.		7,339		632,108
Eaton Corp. PLC		4,681		998,364
Fastenal Co.		13,789		753,431
General Dynamics Corp.		4,332		957,242
Honeywell International, Inc.		4,512		833,547
Hubbell, Inc.		3,038		952,139
Illinois Tool Works, Inc.		3,520		810,691
Johnson Controls International PLC		11,379		605,477
Lennox International, Inc.		2,297		860,089
Masco Corp.		11,555		617,615
Norfolk Southern Corp.		3,650		718,794
Paychex, Inc.		7,108		819,766
Snap-on, Inc.		3,673		936,835
Union Pacific Corp.		3,627		738,566
Waste Management, Inc.		6,268		955,494
Watsco, Inc.		1,829		690,850
				14,268,639
Information Technology (7.5%):
Broadcom, Inc.		1,019		846,361
Cognizant Technology Solutions Corp., Class A		10,417		705,648
Juniper Networks, Inc.		22,465		624,302
NetApp, Inc.		10,279		779,971
NXP Semiconductors N.V.		2,906		580,967
Seagate Technology Holdings PLC		7,503		494,823
Skyworks Solutions, Inc.		4,497		443,359
TE Connectivity Ltd.		5,485		677,562
				5,152,993
Materials (8.9%):
Avery Dennison Corp.		3,751		685,195
Celanese Corp.		4,396		551,786
CF Industries Holdings, Inc.		6,237		534,760
Eastman Chemical Co.		6,939		532,360
FMC Corp.		6,608		442,538
International Paper Co.		17,055		604,941
LyondellBasell Industries N.V., Class A		6,702		634,679
Packaging Corp. of America		4,792		735,812

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan High Dividend Stock Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (8.9%): (continued)
PPG Industries, Inc.		4,322		560,996
RPM International, Inc.		8,180		775,546
				6,058,613
Utilities (19.7%):
Alliant Energy Corp.		14,816		717,835
Ameren Corp.		9,600		718,368
American Electric Power Co., Inc.		8,921		671,038
American Water Works Co., Inc.		5,335		660,633
Atmos Energy Corp.		7,400		783,882
CenterPoint Energy, Inc.		28,765		772,340
CMS Energy Corp.		13,921		739,344
Consolidated Edison, Inc.		9,577		819,121
DTE Energy Co.		7,641		758,599
Entergy Corp.		7,566		699,855
Essential Utilities, Inc.		19,334		663,736
Evergy, Inc.		13,593		689,165
Eversource Energy		10,456		608,017
NextEra Energy, Inc.		9,456		541,734
NiSource, Inc.		28,815		711,154
Public Service Enterprise Group, Inc.		12,267		698,115
The Southern Co.		12,418		803,693
WEC Energy Group, Inc.		8,826		710,934
Xcel Energy, Inc.		12,009		687,155
				13,454,718
Total Common Stocks (Cost $68,538,595)				67,724,881

SECURITY DESCRIPTION	SHARES		VALUE ($)
Investment Company (0.7%)
Federated Hermes Treasury Obligations Fund, 5.22%(a)		459,647		459,647
Total Investment Company (Cost $459,647)				459,647
Total Investments (Cost $68,998,242) — 99.9%				68,184,528
Other assets in excess of liabilities — 0.1%				64,525
NET ASSETS - 100.00%				68,249,053

Percentages indicated are based on net assets as of September 30, 2023.

(a) Rate disclosed is the 7-Day effective yield on September 30, 2023.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts		Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini	12/15/23		2	$	451,143	$	432,550	$	(18,593	)
								$	(18,593	)

	Schedule of Portfolio Investments
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (81.3%)
Communication Services (2.9%):
BT Group PLC		85,461		121,664
Cogent Communications Holdings, Inc.		2,251		139,337
Gray Television, Inc.		10,975		75,947
Nexstar Media Group, Inc.		554		79,427
Tele2 AB, Class B Shares		22,868		175,205
Telefonica Deutschland Holding AG		63,761		114,247
Telenor ASA		17,333		196,935
				902,762
Consumer Discretionary (9.0%):
Barratt Developments PLC		25,817		138,921
Big 5 Sporting Goods Corp.		3,020		21,170
Camping World Holdings, Inc., Class A		3,279		66,924
Carter's, Inc.		1,474		101,927
Cracker Barrel Old Country Store, Inc.		1,035		69,552
Darden Restaurants, Inc.		1,178		168,713
Ethan Allen Interiors, Inc.		4,609		137,809
Foot Locker, Inc.		1,759		30,519
Garmin Ltd.		426		44,815
Guess?, Inc.		5,464		118,241
H&R Block, Inc.		3,520		151,571
Haverty Furniture Cos., Inc.		3,603		103,694
Kontoor Brands, Inc.		2,078		91,245
LCI Industries		1,004		117,890
Leggett & Platt, Inc.		3,312		84,158
MDC Holdings, Inc.		2,934		120,969
Movado Group, Inc.		3,117		85,250
Newell Brands, Inc.		5,646		50,983
Next PLC		913		81,261
Persimmon PLC		5,979		78,590
PetMed Express, Inc.		5,657		57,984
Smith & Wesson Brands, Inc.		7,460		96,309
Stellantis N.V.		9,052		174,250
Strategic Education, Inc.		1,955		147,114
Taylor Wimpey PLC		102,555		146,750
The Aaron's Co., Inc.		4,784		50,088
The Cheesecake Factory, Inc.		889		26,937
Upbound Group, Inc.		2,861		84,256
Vail Resorts, Inc.		595		132,025
Wolverine World Wide, Inc.		2,359		19,014
				2,798,929
Consumer Staples (3.5%):
B&G Foods, Inc.		5,966		59,004
Cal-Maine Foods, Inc.		2,208		106,911
Campbell Soup Co.		3,221		132,319

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Consumer Staples (3.5%): (continued)
Energizer Holdings, Inc.		4,354		139,502
Flowers Foods, Inc.		6,573		145,789
Ingredion, Inc.		549		54,022
J Sainsbury PLC		51,065		157,480
Medifast, Inc.		918		68,712
Nu Skin Enterprises, Inc., Class A		3,542		75,126
Reynolds Consumer Products, Inc.		6,064		155,420
				1,094,285
Energy (12.0%):
Aker BP ASA		3,738		103,467
Ampol Ltd.		6,687		145,286
Antero Midstream Corp.		9,246		110,767
Archrock, Inc.		8,713		109,784
Ardmore Shipping Corp.		4,299		55,930
Berry Corp.		10,556		86,559
Chesapeake Energy Corp.		342		29,491
Civitas Resources, Inc.		445		35,987
Comstock Resources, Inc.		5,628		62,077
CONSOL Energy, Inc.		1,005		105,435
Coterra Energy, Inc.		3,406		92,132
Crescent Energy Co., Class A		7,254		91,691
CVR Energy, Inc.		2,108		71,735
DHT Holdings, Inc.		6,827		70,318
DT Midstream, Inc.		2,089		110,550
Enbridge, Inc.		5,080		168,511
Eni SpA		6,696		107,988
Equitrans Midstream Corp.		7,327		68,654
Evolution Petroleum Corp.		8,938		61,136
FLEX LNG Ltd.		3,099		93,466
HF Sinclair Corp.		1,182		67,291
Keyera Corp.		7,538		177,002
Kinder Morgan, Inc.		5,359		88,852
Kinetik Holdings, Inc.		3,423		115,526
New Fortress Energy, Inc.		1,766		57,890
Nordic American Tankers Ltd.		16,069		66,204
Northern Oil and Gas, Inc.		2,214		89,069
OMV AG		1,974		94,570
ONEOK, Inc.		1,231		78,082
Ovintiv, Inc.		1,593		75,779
Pembina Pipeline Corp.		5,939		178,594
Phillips 66		638		76,656
Pioneer Natural Resources Co.		337		77,358
SFL Corp. Ltd.		13,663		152,343
Sitio Royalties Corp., Class A		3,263		78,997
TC Energy Corp.		3,119		107,274
The Williams Cos., Inc.		4,020		135,434
Vaalco Energy, Inc.		17,215		75,574
Valero Energy Corp.		575		81,483

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Energy (12.0%): (continued)
Woodside Energy Group Ltd.		4,722		110,759
				3,765,701
Financials (20.2%):
ABN AMRO Bank N.V.		5,236		74,390
Ageas SA		2,488		102,652
ANZ Group Holdings Ltd.		10,814		178,369
Ares Management Corp., Class A		427		43,925
Artisan Partners Asset Management, Inc., Class A		3,678		137,631
Assicurazioni Generali SpA		6,635		135,824
Axis Capital Holdings Ltd.		1,453		81,906
Bank of Hawaii Corp.		1,229		61,069
Bank OZK		1,948		72,212
BankUnited, Inc.		1,061		24,085
Blue Owl Capital, Inc.		6,404		82,996
Brookline BanCorp, Inc.		8,898		81,061
Capitol Federal Financial, Inc.		17,116		81,643
CNA Financial Corp.		2,520		99,162
Columbia Banking System, Inc.		2,645		53,694
Credit Agricole SA		3,838		47,436
First American Financial Corp.		1,504		84,961
First BanCorp		3,463		46,612
First Busey Corp.		1,820		34,980
First Financial BanCorp		1,322		25,911
First Hawaiian, Inc.		3,242		58,518
First Interstate BancSystem, Inc., Class A		3,690		92,029
FNB Corp.		9,356		100,951
Franklin Resources, Inc.		3,457		84,973
Glacier BanCorp, Inc.		3,234		92,169
Great-West Lifeco, Inc.		3,728		106,671
Hanmi Financial Corp.		5,539		89,898
HomeStreet, Inc.		5,750		44,793
Hope BanCorp, Inc.		9,645		85,358
ING Groep N.V.		2,476		32,848
Intesa Sanpaolo SpA		46,696		120,445
Invesco Ltd.		4,759		69,101
Janus Henderson Group PLC		3,007		77,641
Jefferies Financial Group, Inc.		2,087		76,447
KBC Group N.V.		1,531		95,714
Lazard Ltd., Class A		2,262		70,145
Legal & General Group PLC		42,688		115,867
Mediobanca Banca di Credito Finanziario SpA		13,520		179,079
MGIC Investment Corp.		3,306		55,177
Moelis & Co., Class A		2,352		106,146
New York Community BanCorp, Inc.		6,069		68,822
NN Group N.V.		2,867		92,255
Nordea Bank Abp		16,224		178,431
Northwest Bancshares, Inc.		11,560		118,259
OceanFirst Financial Corp.		4,467		64,638

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (20.2%): (continued)
Old Republic International Corp.		4,705		126,753
OneMain Holdings, Inc.		1,641		65,788
Pacific Premier BanCorp, Inc.		3,665		79,750
Patria Investments Ltd., Class A		6,643		96,855
Popular, Inc.		1,660		104,597
Poste Italiane SpA		9,801		103,275
Power Corp. of Canada		6,571		167,311
Principal Financial Group, Inc.		621		44,755
Prosperity Bancshares, Inc.		1,628		88,856
Radian Group, Inc.		1,605		40,302
Safety Insurance Group, Inc.		1,683		114,764
Sandy Spring BanCorp, Inc.		3,398		72,819
Societe Generale SA		3,260		79,417
Southside Bancshares, Inc.		3,528		101,254
Stewart Information Services Corp.		596		26,105
Swiss Re AG		1,597		164,604
Synovus Financial Corp.		1,969		54,738
TFS Financial Corp.		9,921		117,266
The Bank of NT Butterfield & Son Ltd.		3,729		100,981
The Western Union Co.		7,151		94,250
UWM Holdings Corp.		9,767		47,370
Valley National BanCorp		8,904		76,218
Virtu Financial, Inc., Class A		5,027		86,816
Washington Trust BanCorp, Inc.		3,219		84,756
Webster Financial Corp.		1,783		71,873
WesBanco, Inc.		3,283		80,171
Western Alliance BanCorp		893		41,051
Westpac Banking Corp.		11,904		161,838
				6,321,427
Health Care (0.3%):
Organon & Co.		3,438		59,684
Patterson Cos., Inc.		1,365		40,458
				100,142
Industrials (7.5%):
ACCO Brands Corp.		4,786		27,472
ACS Actividades de Construccion y Servicios SA		6,370		229,419
Adecco Group AG		4,581		189,027
Aurizon Holdings Ltd.		30,139		67,613
Bouygues SA		5,165		180,943
Costamare, Inc.		11,754		113,073
Deluxe Corp.		5,504		103,971
EMCOR Group, Inc.		283		59,540
Ennis, Inc.		2,557		54,260
Genco Shipping & Trading Ltd.		6,943		97,133
Golden Ocean Group Ltd.		12,065		95,072
HNI Corp.		4,427		153,307
Kaman Corp.		1,375		27,019
Kennametal, Inc.		940		23,387

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (7.5%): (continued)
ManpowerGroup, Inc.		1,480		108,514
MDU Resources Group, Inc.		2,526		49,459
MillerKnoll, Inc.		4,332		105,917
Mitsui OSK Lines Ltd.		2,700		74,267
MSC Industrial Direct Co., Inc.		1,800		176,670
PACCAR, Inc.		934		79,409
Pitney Bowes, Inc.		19,322		58,352
Ryder System, Inc.		437		46,737
Trinity Industries, Inc.		3,844		93,601
Triton International Ltd.(a)		465		36,991
Watsco, Inc.		263		99,340
				2,350,493
Information Technology (0.3%):
Broadcom, Inc.		26		21,595
NetApp, Inc.		882		66,926
				88,521
Materials (9.5%):
Amcor PLC		10,270		94,073
Anglo American PLC		2,047		56,573
Antofagasta PLC		1,608		28,031
Ardagh Metal Packaging SA		12,610		39,469
BASF SE		2,665		120,998
BHP Group Ltd.		4,274		121,570
Boliden AB		2,268		65,297
CRH PLC(b)		2,213		121,117
Eastman Chemical Co.		1,465		112,395
Element Solutions, Inc.		6,501		127,485
Evonik Industries AG		7,922		145,086
Fortescue Metals Group Ltd.		6,225		83,710
Huntsman Corp.		3,527		86,059
ICL Group Ltd.		16,984		93,880
International Paper Co.		3,155		111,908
LyondellBasell Industries N.V., Class A		1,315		124,530
Newmont Corp.		1,484		54,834
Norsk Hydro ASA		12,176		76,515
OCI N.V.		2,509		69,994
Packaging Corp. of America		880		135,124
Rio Tinto PLC		1,521		96,002
Sonoco Products Co.		2,410		130,983
South32 Ltd.		30,775		67,062
Southern Copper Corp.		778		58,576
Stora Enso Oyj, Class R		12,145		152,650
SunCoke Energy, Inc.		11,704		118,796
The Chemours Co.		792		22,216
The Scotts Miracle-Gro Co.		888		45,892
Tronox Holdings PLC		5,521		74,202
Wacker Chemie AG		563		80,732
Westrock Co.		2,939		105,216

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (9.5%): (continued)
Yara International ASA		3,534		133,941
				2,954,916
Real Estate (0.4%):
Kennedy-Wilson Holdings, Inc.		8,275		121,973
				121,973
Utilities (15.7%):
Algonquin Power & Utilities Corp.		22,154		131,152
ALLETE, Inc.		3,243		171,230
Alliant Energy Corp.		2,096		101,551
American Electric Power Co., Inc.		930		69,955
Avangrid, Inc.		2,412		72,770
Avista Corp.		4,775		154,567
Black Hills Corp.		3,013		152,428
Brookfield Infrastructure Corp., Class A		876		30,958
Clearway Energy, Inc., Class C		2,696		57,047
CMS Energy Corp.		1,827		97,032
Consolidated Edison, Inc.		1,185		101,353
DTE Energy Co.		1,057		104,939
Emera, Inc.		4,502		157,194
Enagas SA		10,297		170,677
Endesa SA		8,593		175,088
Enel SpA		26,781		164,766
Engie SA		11,190		171,875
Entergy Corp.		928		85,840
Evergy, Inc.		1,893		95,975
Eversource Energy		1,191		69,257
Fortum Oyj		8,352		97,074
Hawaiian Electric Industries, Inc.		2,484		30,578
IDACORP, Inc.		1,037		97,115
National Fuel Gas Co.		1,667		86,534
NiSource, Inc.		4,584		113,133
Northwest Natural Holding Co.		4,034		153,937
NorthWestern Corp.		3,421		164,413
NRG Energy, Inc.		2,344		90,291
OGE Energy Corp.		2,241		74,693
ONE Gas, Inc.		1,928		131,644
Pinnacle West Capital Corp.		1,654		121,867
Portland General Electric Co.		4,046		163,782
Public Service Enterprise Group, Inc.		1,821		103,633
Redeia Corp. SA		11,003		173,249
Snam SpA		35,043		164,809
Spire, Inc.		2,680		151,634
SSE PLC		8,618		169,261
The Southern Co.		1,925		124,586
UGI Corp.		1,059		24,357
Unitil Corp.		932		39,806
Vistra Corp.		3,365		111,651
WEC Energy Group, Inc.		1,186		95,532

	Schedule of Portfolio Investments — continued
	September 30, 2023
Timothy Plan Market Neutral ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Utilities (15.7%): (continued)
Xcel Energy, Inc.		1,457		83,370
				4,902,603
Total Common Stocks (Cost $27,462,951)				25,401,752
Total Investments (Cost $27,462,951) — 81.3%				25,401,752
Other assets in excess of liabilities — 18.7%				5,852,272
NET ASSETS - 100.00%				31,254,024

Percentages indicated are based on net assets as of September 30, 2023.

(a)	Security was fair valued based upon procedures approved by the Board of Trustees and represents 0.12% of the Fund's net asset as of September 30, 2023. This security is classified as Level 3 within the fair value hierarchy.
(b)	Non-income producing security.

Futures Contracts

Short Futures

Index Futures	Expiration Date	Number of Contracts	Notional Amount			Value			Value and Unrealized Appreciation/ (Depreciation)
E-Mini Russell 2000 Index	12/15/23	86	$	(8,037,856	)	$	(7,733,980	)	$	303,876
Mini MSCI EAFE Index	12/15/23	86		(9,085,743	)		(8,778,450	)		307,293
S&P 500 Index E-mini	12/15/23	136		(30,676,221	)		(29,413,400	)		1,262,821
									$	1,873,990

Long Futures

Index Futures	Expiration Date	Number of Contracts	Notional Amount		Value		Value and Unrealized Appreciation/ (Depreciation)
NASDAQ 100 E Mini Future Index	12/15/23	65	$	20,144,706	$	19,326,450	$	(818,256	)
								(818,256	)
Total Net Futures Contracts							$	1,055,734