Schedule of Portfolio Investments
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (99.7%)
Communication Services (2.1%):
Cogent Communications Holdings, Inc.	1,280	104,922
Fluent, Inc.(a)	9,876	11,555
MSG Networks, Inc.(a)	3,066	31,273
QuinStreet, Inc.(a)	2,776	22,347
Shenandoah Telecommunication Co.	1,904	93,772
Techtarget, Inc.(a)	1,828	37,675
Telephone & Data Systems, Inc.	2,000	33,520
The Meet Group, Inc.(a)	8,152	47,852
		382,916
Consumer Discretionary (11.0%):
Acushnet Holdings Corp.	2,860	73,559
American Public Education, Inc.(a)	1,961	46,927
America’s Car-Mart, Inc.(a)	670	37,755
Asbury Automotive Group, Inc.(a)	699	38,605
At Home Group, Inc.(a)	1,860	3,757
Bloomin’ Brands, Inc.	2,898	20,692
Boot Barn Holdings, Inc.(a)	1,073	13,874
Brinker International, Inc.	1,380	16,574
Cavco Industries, Inc.(a)	209	30,292
Century Communities, Inc.(a)	1,756	25,480
Cheesecake Factory, Inc.	1,757	30,010
Conn’s, Inc.(a)	1,402	5,860
Dave & Buster’s	1,108	14,493
del Taco Restaurants, Inc.(a)	6,238	21,396
Denny’s Corp.(a)	4,061	31,188
Dine Brands Global, Inc.	719	20,621
Dorman Products, Inc.(a)	671	37,086
Fox Factory Holding Corp.(a)	930	39,060
Funko, Inc.(a)	1,796	7,166
Garrett Motion, Inc.(a)	4,324	12,367
G-III Apparel Group Ltd.(a)	1,241	9,556
Group 1 Automotive, Inc.	645	28,548
Haverty Furniture Cos., Inc.	2,510	29,844
Hilton Grand Vacations(a)	1,669	26,320
Hooker Furniture Corp.	1,932	30,159
Installed Building Products(a)	862	34,368
iRobot Corp.(a)	655	26,790
Jack In The Box, Inc.	687	24,079
KB Home	1,742	31,530
La Z Boy, Inc.	1,625	33,394
LCI Industries	604	40,365
LGI Homes, Inc.(a)	612	27,632
M/I Homes, Inc.(a)	1,524	25,192
Malibu Boats, Inc.(a)	1,381	39,759
MarineMax, Inc.(a)	2,614	27,238
Mastercraft Boat Holdings, Inc.(a)	2,350	17,155
MDC Holdings, Inc.	1,516	35,171

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Consumer Discretionary (continued)
Meritage Corp.(a)	737	26,908
Modine Manufacturing Co.(a)	3,556	11,557
Monro, Inc.	749	32,814
Movado Group, Inc.	1,513	17,884
Murphy USA, Inc.(a)	880	74,236
Oxford Industries, Inc.	852	30,893
PetMed Express, Inc.	2,210	63,603
Rent-A-Center, Inc.	2,028	28,676
RH(a)	204	20,496
Ruth’s Hospitality Group, Inc.	4,334	28,951
Sally Beauty Holdings, Inc.(a)	2,589	20,919
Shoe Carnival, Inc.	1,051	21,829
Sonic Automotive, Inc.	1,271	16,879
Stamps.com, Inc.(a)	219	28,488
Standard Motor Products	1,425	59,237
Steven Madden Ltd.	1,642	38,143
Stitch Fix, Inc.(a)	1,398	17,755
Stoneridge, Inc.(a)	2,014	33,735
Sturm Ruger & Co.	1,232	62,721
Tailored Brands, Inc.	5,357	9,321
Taylor Morrison Home Corp.(a)	4,658	51,237
The Buckle, Inc.	2,070	28,380
The Children’s Place, Inc.	523	10,230
The Michaels Cos., Inc.(a)	2,893	4,687
Tilly’s, Inc.	3,626	14,975
Tri Pointe Group, Inc.(a)	4,256	37,325
Tupperware Corp.	2,057	3,332
Visteon Corp.(a)	395	18,952
Wingstop, Inc.	750	59,775
Winnebago Industries, Inc.	1,255	34,902
Wolverine World Wide, Inc.	1,909	29,017
Yeti Holdings, Inc.(a)	959	18,720
Zumiez, Inc.(a)	1,255	21,737
		1,992,176
Consumer Staples (5.2%):
B&G Foods, Inc.	3,067	55,482
Central Garden And Pet Co.(a)	1,419	36,284
elf Beauty, Inc.(a)	1,976	19,444
Hostess Brands, Inc.(a)	6,311	67,275
Ingles Markets, Inc.	1,746	63,135
Inter Parfums, Inc.	1,021	47,323
John B. Sanfilippo & Son, Inc.	702	62,759
Lifevantage Corp.(a)	2,638	27,171
Medifast, Inc.	521	32,563
National Beverage Corp.(a)	908	38,726
PriceSmart, Inc.	694	36,470

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Consumer Staples (continued)
Sprouts Farmers Market, Inc.(a)	3,885	72,222
The Chefs’ Warehouse, Inc.(a)	1,805	18,176
The Simply Good Foods Co.(a)	2,356	45,377
Tootsie Roll Industries, Inc.	2,655	95,479
Usana Health Sciences, Inc.(a)	609	35,176
WD-40 Co.	480	96,408
Weis Markets, Inc.	2,177	90,694
		940,164
Energy (1.7%):
Apergy Corp.(a)	1,705	9,804
Arch Coal, Inc.	630	18,207
Archrock, Inc.	4,805	18,067
Cactus, Inc., Class A	1,681	19,499
CONSOL Energy, Inc.(a)	3,312	12,221
Core Laboratories N.V.	946	9,782
Delek US Holdings, Inc.	1,197	18,865
Falcon Minerals Corp.	6,392	13,743
Gulfport Energy Corp.(a)	9,692	4,310
Liberty Oilfield Services, Inc.	3,824	10,287
Magnolia Oil & Gas Corp.(a)	4,631	18,524
Matrix Service Co.(a)	2,380	22,538
Murphy Oil Corp.	1,976	12,113
Newpark Resources, Inc.(a)	5,233	4,694
Peabody Energy Corp.	2,553	7,404
Propetro Holding Corp.(a)	3,347	8,368
Rex American Resources Corp.(a)	731	33,999
Solaris Oilfield Infrast, Class A	3,447	18,097
World Fuel Services Corp.	1,449	36,485
		297,007
Banks (25.1%):
Ameris BanCorp	1,661	39,465
Atlantic Union Bankshares	1,757	38,478
Bancfirst Corp.	1,474	49,187
BancorpSouth Bank	2,584	48,889
Banner Corp.	1,279	42,258
Berkshire Hills BanCorp, Inc.	2,286	33,970
Brookline BanCorp, Inc.	5,896	66,507
Cadence BanCorp	2,676	17,528
Cathay General BanCorp	2,137	49,044
Centerstate Banks, Inc.	3,114	53,654
City Holding Co.	1,105	73,516
Columbia Banking System, Inc.	1,915	51,322
CVB Financial Corp.	4,045	81,102
FB Financial Corp.	1,891	37,291
First BanCorp.	6,666	35,463

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Banks (continued)
First Busey Corp.	3,250	55,608
First Commonwealth Financial Corp.	6,220	56,851
First Financial BanCorp.	2,914	43,448
First Interstate Bancsys, Class A	2,158	62,237
First Merchants Corp.	1,773	46,967
First Midwest BanCorp, Inc.	3,781	50,042
First Source	1,761	57,109
Fulton Financial Corp.	5,267	60,518
Great Western BanCorp, Inc.	1,998	40,919
Heartland Financial USA, Inc.	1,497	45,209
Hilltop Holdings, Inc.	3,181	48,097
Home Bancshares, Inc.	3,375	40,466
Hope BanCorp, Inc.	4,544	37,352
Independent Bank Group, Inc.	1,362	32,252
International Bancshares Corp.	1,829	49,164
Lakeland Financial Corp.	1,888	69,384
NBT BanCorp, Inc.	2,454	79,485
Old National BanCorp	4,844	63,892
Pacific Premier BanCorp, Inc.	1,977	37,247
Park National Corp.	805	62,500
Renasant Corp.	1,970	43,025
S&T BanCorp, Inc.	2,206	60,268
Sandy Spring BanCorp	2,299	52,049
Seacoast Banking Corp.(a)	2,727	49,931
Servisfirst Bancshares, Inc.	2,055	60,253
Simmons First National Corp., Class A	2,813	51,759
South State Corp.	986	57,908
Southside Bancshares, Inc.	2,442	74,212
Texas Capital Bancshares, Inc.(a)	1,001	22,192
Tompkins Financial Corp.	991	71,154
Towne Bank	2,879	52,081
Trustmark Corp.	2,328	54,242
United Community Banks, Inc.	2,428	44,457
Veritex Holdings, Inc.	2,890	40,373
WesBanco, Inc.	2,081	49,320
Westamerica BanCorp.	1,466	86,170
Artisan Partners Asset Management, Inc., Class A	2,544	54,671
Cohen & Steers, Inc.	1,556	70,720
Houlihan Lokey, Inc.	1,825	95,119
Moelis & Co.	1,842	51,760
Waddell & Reed Financial, Class A	4,269	48,581
Green Dot Corp., Class A(a)	1,100	27,929
Navient Corp.	4,920	37,294
Nelnet, Inc., Class A	1,427	64,800
PRA Group, Inc.(a)	1,989	55,135
World Acceptance Corp.(a)	345	18,840
Cannae Holdings, Inc.(a)	2,749	92,064

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Banks (continued)
Amerisafe, Inc.	1,651	106,440
Employers Holdings, Inc.	2,088	84,585
FBL Financial Group, Inc., Class A	1,401	65,385
Goosehead Insurance, Inc., Class A(a)	759	33,874
James River Group Holdings Ltd.	2,656	96,253
Kinsale Capital Group, Inc.	644	67,317
National General Holdings Corp.	3,529	58,405
Safety Insurance Group, Inc.	945	79,786
Axos Financial, Inc.(a)	1,882	34,121
Capitol Federal Financial, Inc.	7,272	84,427
Columbia Financial, Inc.(a)	6,857	98,740
Kearny Financial Corp.	7,661	65,808
Meta Financial Group, Inc.	1,482	32,189
NMI Holdings, Inc.(a)	2,093	24,300
Northwest Bancshares, Inc.	6,590	76,246
Oceanfirst Financial Corp.	3,637	57,865
Pennymac Financial Services	2,431	53,749
Provident Financial Services, Inc.	3,742	48,122
Walker & Dunlop, Inc.	1,091	43,935
Washington Federal, Inc.	2,310	59,968
WSFS Financial Corp.	1,718	42,813
		4,557,056
Health Care (9.6%):
Addus Homecare Corp.(a)	674	45,562
AMN Healthcare Services, Inc.(a)	1,075	62,146
ANI Pharmaceuticals, Inc.(a)	861	35,077
Anika Therapeutics, Inc.(a)	640	18,502
Atrion Corp.	113	73,450
Biolife Solutions, Inc.(a)	2,032	19,304
Biospecifics Technologies Corp.(a)	1,118	63,246
Biotelemetry, Inc.(a)	1,222	47,059
Computer Programs & Systems	2,356	52,421
CONMED Corp.	819	46,904
Corcept Therapeutics, Inc.(a)	2,787	33,137
CorVel Corp.(a)	934	50,912
Eagle Pharmaceuticals, Inc.(a)	761	35,006
Enanta Pharmaceuticals, Inc.(a)	680	34,972
Ensign Group, Inc.	1,372	51,601
Healthstream, Inc.(a)	3,023	72,401
Innoviva, Inc.(a)	4,748	55,837
Inogen, Inc.(a)	575	29,705
Integer Holdings Corp.(a)	814	51,168
Iradimed Corp.(a)	1,358	28,993
Lantheus Holdings, Inc.(a)	2,105	26,860
Lemaitre Vascular, Inc.	1,488	37,081
Medpace Holdings, Inc.(a)	522	38,304

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Health Care (continued)
Meridian Bioscience, Inc.(a)	5,092	42,773
Merit Medical Systems, Inc.(a)	1,463	45,719
National Healthcare Corp.	1,180	84,642
Nextgen Healthcare, Inc.(a)	2,864	29,900
Omnicell, Inc.(a)	566	37,118
Patterson Cos., Inc.	3,756	57,429
Phibro Animal Health Corp., Class A	1,596	38,576
Quidel Corp.(a)	800	78,248
Select Medical Holdings Corp.(a)	4,106	61,590
Simulations Plus, Inc.	1,280	44,698
Staar Surgical Co.(a)	1,255	40,486
Supernus Pharmaceuticals, Inc.(a)	1,682	30,259
Tactile Systems Technology, Inc.(a)	982	39,437
Tivity Health, Inc.(a)	2,797	17,593
U.S. Physical Therapy, Inc.	523	36,087
Utah Medical Products, Inc.	567	53,326
		1,747,529
Industrials (23.3%):
AAON, Inc.	1,190	57,501
ABM Industries, Inc.	1,982	48,282
Aerovironment, Inc.(a)	794	48,402
Alamo Group, Inc.	559	49,628
Albany International Corp.	750	35,498
Allegiant Travel Co.	511	41,800
Ameresco, Inc.(a)	3,886	66,179
American Woodmark Corp.(a)	570	25,975
Applied Industrial Technologies, Inc.	1,166	53,310
Arcbest Corp.	1,724	30,204
Astronics Corp.(a)	1,356	12,448
Atkore International Group, Inc.(a)	1,957	41,234
AZZ, Inc.	1,760	49,491
Barnes Group, Inc.	1,276	53,375
BMC Stock Holdings, Inc.(a)	2,496	44,254
Brady Corp.	1,563	70,538
Builders FirstSource, Inc.(a)	2,361	28,875
Chart Industries, Inc.(a)	818	23,706
Comfort Systems USA, Inc.	1,175	42,946
DMC Global, Inc.	676	15,555
DXP Enterprise, Inc.(a)	1,009	12,370
Echo Global Logistics, Inc.(a)	2,355	40,223
Encore Wire Corp.	1,217	51,102
Energy Recovery, Inc.(a)	4,295	31,955
EnerSys	807	39,963
Ennis, Inc.	4,074	76,510
ESCO Technologies, Inc.	1,025	77,807
Federal Signal Corp.	2,092	57,070

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Industrials (continued)
Forward Air Corp.	1,178	59,666
Franklin Electric Co.	1,422	67,018
GATX Corp.	926	57,930
Gibraltar Industries, Inc.(a)	1,751	75,152
GMS, Inc.(a)	1,466	23,060
Gorman-Rupp Co.	1,961	61,203
H&E Equipment Services, Inc.	1,754	25,749
Healthcare Services Group	1,761	42,106
Heartland Express, Inc.	3,531	65,571
Heidrick & Struggles International, Inc.	1,527	34,358
Helios Technologies, Inc.	941	35,683
Hillenbrand, Inc.	1,911	36,519
HNI Corp.	1,733	43,654
Hub Group, Inc., Class A(a)	1,192	54,200
ICF International, Inc.	1,022	70,210
Interface, Inc.	3,387	25,606
Jeld-Wen Holding, Inc.(a)	2,752	26,777
Kadant, Inc.	775	57,854
Kaman Corp.	1,387	53,358
Kennametal, Inc.	1,756	32,697
Kimball International, Inc.	3,267	38,910
Knoll, Inc.	2,950	30,444
Kratos Defense & Security Solutions, Inc.(a)	2,379	32,925
Marten Transport Ltd.	2,445	50,171
Matson, Inc.	1,650	50,523
Matthews International Corp., Class A	1,394	33,721
McGrath Rentcorp	1,048	54,894
Meritor, Inc.(a)	2,591	34,331
Mesa Air Group, Inc.(a)	4,838	15,917
Moog, Inc.	761	38,453
MRC Global, Inc.(a)	3,970	16,912
Mueller Industries, Inc.	2,025	48,479
MYR Group, Inc.(a)	1,529	40,045
National Presto Industries, Inc.	713	50,489
Now, Inc.(a)	4,449	22,957
NV5 Global, Inc.(a)	463	19,117
Patrick Industries, Inc.	955	26,893
PGT Innovations, Inc.(a)	2,725	22,863
Primoris Services Corp.	3,210	51,039
Proto Labs, Inc.(a)	385	29,310
Raven Industries, Inc.	1,773	37,641
Regal Beloit Corp.	1,050	66,097
Resources Connection, Inc.	4,916	53,929
Rush Enterprises, Inc., Class A	1,743	55,637
Ryder System, Inc.	1,002	26,493
Saia, Inc.(a)	540	39,712
Simpson Manufacturing Co., Inc.	1,101	68,240

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Industrials (continued)
SkyWest, Inc.	1,200	31,428
SP Plus Corp.(a)	2,139	44,384
Spirit Airlines, Inc.(a)	1,157	14,914
SPX Corp.(a)	1,559	50,886
Standex International Corp.	599	29,363
Steelcase, Inc., Class A	3,084	30,439
Systemax, Inc.	1,922	34,077
Tennant Co.	779	45,143
The Greenbrier Cos., Inc.	1,515	26,876
Thermon Group Holdings, Inc.(a)	2,968	44,728
TriMas Corp.(a)	2,899	66,966
Trinity Industries, Inc.	2,871	46,137
Triton International Ltd.	1,896	49,050
TrueBlue, Inc.(a)	2,726	34,784
U.S. Ecology, Inc.	1,051	31,950
Universal Forest Products, Inc.	1,400	52,066
Universal Logistics Holdings, Inc.	1,953	25,584
Valmont Industries, Inc.	591	62,634
Vectrus, Inc.(a)	830	34,370
Vicor Corp.(a)	1,122	49,974
Wabash National Corp.	4,260	30,757
Werner Enterprises, Inc.	1,949	70,671
WESCO International, Inc.(a)	1,394	31,853
		4,169,748
Information Technology (11.5%):
Advanced Energy Industries, Inc.(a)	853	41,362
Anixter International, Inc.(a)	797	70,032
Axcelis Technologies, Inc.(a)	2,570	47,057
Badger Meter, Inc.	1,407	75,416
Belden, Inc.	797	28,756
Benchmark Electronics, Inc.	2,332	46,617
Brooks Automation, Inc.	1,068	32,574
Cass Information Systems, Inc.	1,519	53,408
Comtech Telecommunications Corp.	1,404	18,659
CSG Systems International, Inc.	1,274	53,317
CTS Corp.	1,951	48,560
Digi International, Inc.(a)	4,009	38,246
Diodes, Inc.(a)	1,099	44,658
Ebix, Inc.	1,043	15,833
eplus, Inc.(a)	594	37,196
Evertec, Inc.	1,800	40,914
Exlservice Holdings, Inc.(a)	1,266	65,870
Fabrinet(a)	841	45,885
FormFactor, Inc.(a)	2,546	51,149
Greensky, Inc.(a)	3,907	14,925
Ichor Holding Ltd.(a)	1,762	33,760

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Information Technology (continued)
II-VI, Inc.(a)	1,343	38,276
Insight Enterprises, Inc.(a)	1,087	45,795
Intelligent Systems Corp.(a)	410	13,936
KEMET Corp.	1,670	40,347
ManTech International Corp.	1,122	81,536
Mesa Laboratories, Inc.	176	39,792
Methode Electronics, Inc.	1,526	40,332
MTS Systems Corp.	1,484	33,390
Napco SEC System, Inc.(a)	1,140	17,294
NIC, Inc.	2,193	50,439
Onto Innovation, Inc.(a)	1,270	37,681
OSI Systems, Inc.(a)	625	43,075
Paysign, Inc.(a)	1,749	9,025
PC Connection, Inc.	1,100	45,331
Perficient, Inc.(a)	1,636	44,319
Photronics, Inc.(a)	4,829	49,546
Plexus Corp.(a)	1,013	55,269
Power Integrations, Inc.	609	53,792
Progress Software Corp.	1,311	41,952
Rogers Corp.(a)	250	23,605
ScanSource, Inc.(a)	2,033	43,486
Semtech Corp.(a)	907	34,013
Smart Global Holdings, Inc.(a)	1,091	26,511
SPS Commerce, Inc.(a)	1,139	52,975
Sykes Enterprises, Inc.(a)	2,911	78,946
Ttec Holdings, Inc.	1,327	48,727
Virtusa Corp.(a)	1,142	32,433
Vishay Intertechnology, Inc.	2,898	41,760
		2,067,777
Materials (7.2%):
Advansix, Inc.(a)	2,046	19,519
Allegheny Technologies, Inc.(a)	2,323	19,746
American Vanguard Corp.	3,622	52,374
Balchem Corp.	569	56,172
Cabot Corp.	1,197	31,266
Carpenter Technology Corp.	991	19,325
Chase Corp.	590	48,551
Chemours Co.	2,239	19,860
Commercial Metals Co.	2,545	40,186
Domtar Corp.	1,722	37,264
Ferro Corp.(a)	3,930	36,785
Futurefuel Corp.	3,377	38,059
GCP Applied Technologies(a)	2,705	48,149
Greif, Inc., Class A	1,227	38,147
H.B. Fuller Co.	1,324	36,979
Hawkins, Inc.	1,270	45,212

	Schedule of Portfolio Investments (concluded)
	March 31, 2020
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Materials (continued)
Innospec, Inc.	819	56,912
Intrepid Potash, Inc.(a)	12,098	9,678
Kaiser Aluminum Corp.	680	47,109
Kraton Corp.(a)	1,617	13,098
Kronos Worldwide, Inc.	4,065	34,309
Louisiana-Pacific Corp.	2,616	44,943
Minerals Technologies, Inc.	1,086	39,378
Neenah, Inc.	997	43,001
PolyOne Corp.	1,719	32,609
PQ Group Holdings, Inc.(a)	4,167	45,420
Quaker Chemical Corp.	384	48,492
Ryerson Holding Corp.(a)	4,293	22,839
Schnitzer Steel Industries, Inc.	2,301	30,005
Sensient Technologies Corp.	1,379	60,000
Stepan Co.	822	72,714
SunCoke Energy, Inc.	7,388	28,444
U.S. Steel Corp.	2,907	18,343
Warrior Met Coal, Inc.	2,269	24,097
Worthington Industries, Inc.	1,603	42,078
		1,301,063
Real Estate (0.3%):
Marcus & Millichap, Inc.(a)	1,724	46,720
		46,720
Utilities (2.7%):
Chesapeake Utilities Corp.	1,058	90,681
MGE Energy, Inc.	1,120	73,326
Middlesex Water Co.	1,106	66,493
Otter Tail Corp.	2,020	89,810
SJW Group	1,656	95,667
Unitil Corp.	1,548	80,991
		496,968
Total Common Stocks (Cost $25,420,640)		17,999,124
Total Investments (Cost $25,420,640) — 99.7%		17,999,124
Other assets in excess of liabilities — 0.3%		60,380
NET ASSETS - 100.00%		18,059,504

Percentages indicated are based on net assets as of March 31, 2020.    

(a) Non-income producing security.

Futures Contracts    

Long Futures    

Index Futures	Expiration Date	Number of Contracts		Notional Amount	Value and Unrealized Appreciation/ (Depreciation)
Russell 2000 Mini Index June Future (U.S. Dolllar)	6/19/20		1	$            57,380	$	(5,547	)
					$	(5,547	)

	Schedule of Portfolio Investments
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.6%)
Communication Services (0.8%):
Cable One, Inc.		552		907,494
				907,494
Consumer Discretionary (8.1%):
Advance Auto Parts, Inc.		2,800		261,296
Aptiv PLC		4,287		211,092
AutoZone, Inc.(a)		491		415,386
Booking Holdings, Inc.(a)		231		310,769
BorgWarner, Inc.		10,084		245,747
Bright Horizons Family Solutions, Inc.(a)		4,164		424,728
Burlington Stores, Inc.(a)		1,530		242,444
CarMax, Inc.(a)		4,856		261,398
Columbia Sportswear Co.		4,160		290,243
Dollar General Corp.		3,125		471,906
Dr Horton, Inc.		8,708		296,072
Five Below(a)		2,553		179,680
Garmin Ltd.		5,112		383,196
Gentex Corp.		17,641		390,925
Genuine Parts Co.		6,394		430,508
Grand Canyon Education, Inc.(a)		2,921		222,828
Kohl’s Corp.		5,689		83,003
Lear Corp.		3,236		262,925
Lennar Corp.		8,098		309,344
LKQ Corp.(a)		13,812		283,284
Mohawk Industries, Inc.(a)		2,785		212,328
NVR, Inc.(a)		134		344,261
O’Reilly Automotive, Inc.(a)		1,400		421,470
Pool Corp.		2,570		505,699
Pultegroup, Inc.		12,663		282,638
Ross Stores, Inc.		4,868		423,370
Service Corp. International		13,340		521,728
Tapestry, Inc.		9,520		123,284
Tractor Supply Co.		5,077		429,261
Yum China Holdings, Inc.		8,492		362,014
				9,602,827
Consumer Staples (2.6%):
Casey’s General Stores, Inc.		3,469		459,608
Costco Wholesale Corp.		2,314		659,790
Lamb Weston Holding, Inc.		6,619		377,945
McCormick & Co., Inc.		3,348		472,771
Monster Beverage Corp.(a)		7,222		406,310
The JM Smucker Co.		4,975		552,225
US Foods Holding Corp.(a)		13,370		236,783
				3,165,432

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Energy (2.3%):
Cabot Oil & Gas Corp.		24,008		412,697
ConocoPhillips		7,437		229,060
Continental Resources, Inc.		7,570		57,835
Diamondback Energy, Inc.		3,838		100,556
EOG Resources, Inc.		4,967		178,415
Halliburton Co.		15,990		109,532
HollyFrontier Corp.		6,868		168,335
Kinder Morgan, Inc.		34,222		476,369
Marathon Oil Corp.		24,696		81,250
Occidental Petroleum Corp.		9,769		113,125
ONEOK, Inc.		8,344		181,983
Phillips 66		5,118		274,580
Schlumberger Ltd.		11,000		148,390
Valero Energy Corp.		4,383		198,813
				2,730,940
Financials (11.0%):
Aflac, Inc.		14,951		511,922
Arch Capital Group Ltd.(a)		16,610		472,721
Arthur J Gallagher & Co.		8,129		662,595
Assurant, Inc.		4,861		505,981
BOK Financial Corp.		6,007		255,658
Brown & Brown, Inc.		18,880		683,835
CBOE Global Markets, Inc.		5,423		484,003
Commerce Bancshares, Inc.		10,330		520,115
Credit Acceptance Corp.(a)		1,044		266,940
E*TRADE Financial Corp.		11,001		377,554
East West BanCorp, Inc.		8,355		215,058
FactSet Research Systems, Inc.		2,062		537,522
Fidelity National Financial, Inc.		14,270		355,038
First American Financial Corp.		10,683		453,066
Franklin Resources, Inc.		17,293		288,620
Globe Life, Inc.		7,417		533,801
Intercontinental Exchange, Inc.		8,017		647,373
Invesco Ltd.		26,360		239,349
LPL Financial Holdings, Inc.		4,963		270,136
MarketAxess Holdings, Inc.		1,063		353,522
Morningstar, Inc.		4,056		471,510
MSCI, Inc.		1,971		569,540
New York Community BanCorp, Inc.		38,601		362,463
People’s United Financial, Inc.		32,840		362,881
Reinsurance Group of America, Inc.		4,309		362,559
Santander Consumer USA Holdings, Inc.		19,714		274,222
SEI Investments Co.		8,904		412,611
Signature Bank		3,845		309,100
SVB Financial Group(a)		1,646		248,678

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Financials (continued)
Synovus Financial Corp.		11,394		200,079
TCF Financial Corp.		10,648		241,284
WR Berkley Corp.		11,391		594,268
				13,044,004
Health Care (12.6%):
ABIOMED, Inc.(a)		1,508		218,901
Agilent Technologies, Inc.		6,038		432,442
Align Technology, Inc.(a)		1,186		206,305
Bruker Corp.		8,578		307,607
Centene Corp.(a)		7,755		460,725
Cerner Corp.		8,006		504,298
Charles River Laboratories International, Inc.(a)		3,360		424,066
Chemed Corp.		1,646		713,046
DENTSPLY Sirona, Inc.		7,633		296,389
Edwards Lifesciences Corp.(a)		1,845		348,004
Elanco Animal Health, Inc.(a)		14,703		329,200
Encompass Health Corp.		7,288		466,651
Exelixis, Inc.(a)		19,592		337,374
Henry Schein, Inc.(a)		7,997		404,008
Hill-Rom Holdings, Inc.		5,481		551,389
IDEXX Laboratories, Inc.(a)		1,722		417,137
Illumina, Inc.(a)		1,158		316,273
Incyte Corp.(a)		4,770		349,307
Insulet Corp.(a)		1,758		291,265
Intuitive Surgical, Inc.(a)		827		409,539
IQVIA Holdings, Inc.(a)		3,610		389,375
Jazz Pharmaceuticals PLC(a)		3,457		344,801
Masimo Corp.(a)		3,006		532,423
Mettler-Toledo International(a)		712		491,642
Molina Healthcare, Inc.(a)		2,684		374,982
PerkinElmer, Inc.		6,163		463,950
PRA Health Sciences, Inc.(a)		4,522		375,507
Regeneron Pharmaceuticals, Inc.(a)		1,306		637,707
ResMed, Inc.		2,927		431,118
Teleflex, Inc.		1,506		441,047
Varian Medical Systems, Inc.(a)		4,760		488,662
Veeva Systems, Inc.(a)		2,086		326,188
Vertex Pharamaceuticals, Inc.(a)		2,440		580,598
Waters Corp.(a)		1,881		342,436
West Pharmaceutical Services, Inc.		3,573		543,989
Zoetis, Inc.		4,416		519,719
				15,068,070
Industrials (21.9%):
Aecom(a)		14,375		429,094

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (continued)
AGCO Corp.		5,697		269,183
Allegion PLC		6,288		578,622
Allison Transmission Holding, Inc.		10,773		351,308
AMERCO, Inc.		1,485		431,467
Ametek, Inc.		7,075		509,541
AO Smith Corp.		9,614		363,505
BWX Technologies, Inc.		7,907		385,150
Carlisle Companies, Inc.		3,700		463,536
Caterpillar, Inc.		3,382		392,447
CH Robinson Worldwide, Inc.		6,249		413,684
Cintas Corp.		1,980		342,976
Copart, Inc.(a)		6,746		462,236
Costar Group, Inc.(a)		684		401,652
CSX Corp.		7,399		423,963
Deere & Co.		2,532		349,821
Donaldson Co., Inc.		9,157		353,735
Dover Corp.		5,438		456,466
Eaton Corp. PLC		6,393		496,672
Emerson Electric Co.		7,515		358,090
Expeditors International of Washington, Inc.		7,668		511,609
Fastenal Co.		13,087		408,969
Flowserve Corp.		8,366		199,864
Fortive Corp.		8,143		449,412
Fortune Brands Home & Security, Inc.		7,803		337,480
General Dynamics Corp.		3,353		443,635
Graco, Inc.		12,559		612,000
HD Supply Holdings, Inc.(a)		14,285		406,123
HEICO Corp.		3,797		283,294
Hexcel Corp.		7,195		267,582
Honeywell International, Inc.		4,160		556,566
Hubbell, Inc.		3,948		452,994
Huntington Ingalls Industries, Inc.		2,533		461,538
IDEX Corp.		3,843		530,757
Illinois Tool Works, Inc.		3,336		474,112
Ingersoll-Rand, Inc.(a)		11,375		282,100
J.B. Hunt Transport Services, Inc.		3,831		353,333
Kansas City Southern		3,693		469,676
Knight-Swift Transportation Holdings, Inc.		7,761		254,561
L3Harris Technologies, Inc.		2,323		418,419
Lennox International, Inc.		2,347		426,661
Masco Corp.		9,616		332,425
Middleby Corp.(a)		3,937		223,937
Nordson Corp.		3,588		484,631
Norfolk Southern Corp.		2,870		419,020
Old Dominion Freight Line, Inc.		3,958		519,526

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (continued)
PACCAR, Inc.		7,535		460,615
Parker Hannifin Corp.		2,443		316,930
Rollins, Inc.		13,542		489,408
Roper Technologies, Inc.		1,865		581,526
Snap-on, Inc.		2,992		325,589
Spirit Aerosystems Holdings, Inc.		4,899		117,233
Teledyne Technologies, Inc.(a)		1,837		546,085
Toro Co.		8,579		558,407
TransDigm Group, Inc.		804		257,433
Transunion		6,282		415,743
Union Pacific Corp.		3,354		473,048
United Rentals, Inc.(a)		2,639		271,553
Verisk Analytics, Inc.		5,243		730,769
Waste Management, Inc.		7,196		666,061
Watsco, Inc.		3,334		526,871
Woodward, Inc.		3,960		235,382
XPO Logistics, Inc.(a)		3,501		170,674
Xylem, Inc.		7,403		482,157
				26,438,856
Information Technology (20.3%):
Advanced Micro Devices, Inc.(a)		6,957		316,404
Akamai Technologies, Inc.(a)		5,915		541,163
Alliance Data Systems Corp.		2,890		97,249
Amphenol Corp.		5,571		406,014
Analog Devices, Inc.		3,612		323,816
ANSYS, Inc.(a)		2,224		517,013
Arista Networks, Inc.(a)		1,286		260,479
Aspen Technology, Inc.(a)		2,916		277,224
Black Knight, Inc.(a)		12,277		712,803
Broadcom, Inc.		1,395		330,755
CACI International, Inc.(a)		2,119		447,427
Cadence Design Systems, Inc.(a)		6,837		451,515
CDW Corp.		3,594		335,212
Ciena Corp.(a)		7,339		292,166
Citrix Systems, Inc.		7,566		1,070,968
Cognex Corp.		6,976		294,527
Cognizant Technology Solutions Corp.		7,530		349,919
Dolby Laboratories, Inc.		7,528		408,093
DXC Technology Co.		8,444		110,194
Entegris, Inc.		8,252		369,442
EPAM Systems, Inc.(a)		2,179		404,553
Euronet Worldwide, Inc.(a)		3,263		279,704
F5 Networks, Inc.(a)		3,273		349,000
Fair Isaac Corp.(a)		1,294		398,151
Fidelity National Information Services, Inc.		4,503		547,745

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Information Technology (continued)
Fiserv, Inc.(a)		4,725		448,828
Fleetcor Technologies, Inc.(a)		1,645		306,858
FLIR Systems, Inc.		9,606		306,335
Fortinet, Inc.(a)		4,668		472,262
Gartner, Inc.(a)		2,782		277,004
Genpact Ltd.		15,342		447,986
IPG Photonics Corp.(a)		2,095		231,037
Jack Henry & Associates, Inc.		4,624		717,830
Juniper Networks, Inc.		21,227		406,285
KLA Corp.		2,436		350,151
Lam Research Corp.		1,370		328,800
Manhattan Associates, Inc.(a)		3,848		191,707
Maxim Integrated Products, Inc.		7,293		354,513
Microchip Technology, Inc.		3,624		245,707
Micron Technology, Inc.(a)		5,676		238,733
Monolithic Power Systems, Inc.		2,578		431,711
National Instruments Corp.		12,090		399,937
NetApp, Inc.		6,001		250,182
NVIDIA Corp.		1,496		394,345
On Semiconductor Corp.(a)		15,523		193,106
Paychex, Inc.		8,135		511,854
Paycom Software, Inc.(a)		1,491		301,197
Paylocity Holding Corp.(a)		2,909		256,923
Qorvo, Inc.(a)		4,756		383,476
RealPage, Inc.(a)		7,637		404,226
Sabre Corp.		22,129		131,225
Seagate Technology PLC		6,525		318,420
Skyworks Solutions, Inc.		3,932		351,442
Ssnc Technologies Holdings, Inc.		6,755		296,004
Synopsys, Inc.(a)		3,378		435,053
TE Connectivity Ltd.		5,594		352,310
Teradyne, Inc.		4,733		256,387
The Trade Desk, Inc.(a)		938		181,034
Trimble, Inc.(a)		11,848		377,122
Tyler Technologies, Inc.(a)		1,961		581,554
Ubiquiti, Inc.		2,583		365,701
Universal Display Corp.		1,478		194,771
VeriSign, Inc.(a)		3,130		563,682
Western Union Co.		27,168		492,556
Wex, Inc.(a)		2,182		228,128
Xilinx, Inc.		2,698		210,282
Zebra Technologies Corp.(a)		1,505		276,318
				24,354,518
Materials (8.5%):
Albemarle Corp.		4,957		279,426

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (continued)
AptarGroup, Inc.		7,088		705,540
Ball Corp.		7,665		495,619
Celanese Corp.		3,717		272,791
CF Industries Holdings, Inc.		7,627		207,454
Crown Holdings, Inc.(a)		8,103		470,298
Eastman Chemical Co.		5,566		259,264
Ecolab, Inc.		3,511		547,120
FMC Corp.		5,710		466,450
International Flavors & Fragrances, Inc.		3,257		332,475
International Paper Co.		11,022		343,115
LyondellBasell Industries N.V., Class A		4,409		218,819
Martin Marietta Materials, Inc.		1,859		351,779
NewMarket Corp.		1,262		483,182
Nucor Corp.		8,687		312,906
Packaging Corp. of America		4,550		395,077
PPG Industries, Inc.		4,779		399,524
Reliance Steel & Aluminum Co.		4,872		426,737
Royal Gold, Inc.		4,043		354,612
RPM International, Inc.		8,578		510,391
Sealed Air Corp.		10,919		269,808
Sherwin-Williams Co.		943		433,327
Sonoco Products Co.		11,946		553,697
Steel Dynamics, Inc.		11,027		248,549
Vulcan Materials Co.		3,693		399,102
Westlake Chemical Corp.		4,854		185,277
Westrock Co.		9,754		275,648
				10,197,987
Real Estate (0.1%):
The Howard Hughes Corp.(a)		1,752		88,511
				88,511
Utilities (11.4%):
AES Corp.		36,881		501,582
Alliant Energy Corp.		16,118		778,338
American Electric Power Co., Inc.		9,371		749,493
American Water Works Co., Inc.		6,721		803,563
Atmos Energy Corp.		7,660		760,102
CenterPoint Energy, Inc.		25,160		388,722
CMS Energy Corp.		13,310		781,962
Consolidated Edison, Inc.		9,757		761,046
DTE Energy Co.		6,976		662,511
Evergy, Inc.		12,630		695,282
Eversource Energy		11,006		860,779
FirstEnergy Corp.		16,014		641,681
IDACORP, Inc.		7,528		660,883

	Schedule of Portfolio Investments (concluded)
	March 31, 2020
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Utilities (continued)
MDU Resources Group, Inc.		27,125		583,188
NextEra Energy, Inc.		3,597		865,510
OGE Energy Corp.		18,922		581,473
Pinnacle West Capital Corp.		8,675		657,478
PPL Corp.		24,027		592,986
Public Service Enterprise Group, Inc.		13,677		614,234
WEC Energy Group		8,811		776,513
				13,717,326
Total Common Stocks (Cost $148,831,089)				119,315,965
Total Investments (Cost $148,831,089) — 99.6%				119,315,965
Other assets in excess of liabilities — 0.4%				508,397
NET ASSETS - 100.00%				119,824,362

Percentages indicated are based on net assets as of March 31, 2020.

(a)         Non-income producing security.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini June Future (U.S. Dollar)	6/19/20	4	$	513,940	$	4,646
					$	4,646

	Schedule of Portfolio Investments
	March 31, 2020
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.3%)
Consumer Discretionary (3.9%):
BorgWarner, Inc.		21,675		528,220
Garmin Ltd.		10,996		824,260
Genuine Parts Co.		13,771		927,201
Kohl’s Corp.		12,241		178,596
Lear Corp.		6,933		563,306
Tapestry, Inc.		20,494		265,397
				3,286,980
Consumer Staples (1.4%):
The JM Smucker Co.		10,686		1,186,146
				1,186,146
Energy (5.8%):
Cabot Oil & Gas Corp.		51,596		886,935
ConocoPhillips		16,014		493,231
Halliburton Co.		34,358		235,352
HollyFrontier Corp.		14,821		363,263
Kinder Morgan, Inc.		73,592		1,024,401
Occidental Petroleum Corp.		21,051		243,771
ONEOK, Inc.		17,920		390,835
Phillips 66		11,042		592,403
Schlumberger Ltd.		23,603		318,405
Valero Energy Corp.		9,373		425,159
				4,973,755
Financials (13.2%):
Aflac, Inc.		32,124		1,099,926
Arthur J Gallagher & Co.		17,482		1,424,958
Assurant, Inc.		10,435		1,086,179
BOK Financial Corp.		12,872		547,832
East West BanCorp, Inc.		17,978		462,754
Fidelity National Financial, Inc.		30,685		763,443
First American Financial Corp.		22,974		974,327
Franklin Resources, Inc.		37,185		620,618
Invesco Ltd.		56,713		514,954
New York Community BanCorp, Inc.		82,955		778,947
People’s United Financial, Inc.		70,633		780,494
Santander Consumer USA Holdings, Inc.		42,378		589,478
Signature Bank		8,292		666,594
Synovus Financial Corp.		24,550		431,098
TCF Financial Corp.		22,854		517,872
				11,259,474
Health Care (1.2%):
Encompass Health Corp.		15,643		1,001,621
				1,001,621
Industrials (21.6%):
AO Smith Corp.		20,633		780,134

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Industrials (continued)
Caterpillar, Inc.		7,297		846,744
CH Robinson Worldwide, Inc.		13,408		887,610
Deere & Co.		5,407		747,031
Dover Corp.		11,679		980,335
Eaton Corp. PLC		13,769		1,069,714
Emerson Electric Co.		16,111		767,689
Fastenal Co.		28,094		877,938
General Dynamics Corp.		7,194		951,839
Honeywell International, Inc.		8,913		1,192,470
Hubbell, Inc.		8,484		973,454
Illinois Tool Works, Inc.		7,120		1,011,894
Norfolk Southern Corp.		6,120		893,520
PACCAR, Inc.		16,195		990,000
Parker Hannifin Corp.		5,249		680,953
Snap-on, Inc.		6,391		695,469
TransDigm Group, Inc.		1,713		548,485
Union Pacific Corp.		7,197		1,015,065
Waste Management, Inc.		15,479		1,432,736
Watsco, Inc.		7,114		1,124,225
				18,467,305
Information Technology (12.8%):
Alliance Data Systems Corp.		6,201		208,664
Analog Devices, Inc.		7,805		699,718
Broadcom, Inc.		2,993		709,640
DXC Technology Co.		18,103		236,244
Juniper Networks, Inc.		45,633		873,416
KLA Corp.		5,230		751,760
Lam Research Corp.		2,898		695,520
Maxim Integrated Products, Inc.		15,655		760,990
National Instruments Corp.		26,030		861,072
NetApp, Inc.		12,855		535,925
Paychex, Inc.		17,526		1,102,736
Sabre Corp.		47,525		281,823
Seagate Technology PLC		14,066		686,421
Skyworks Solutions, Inc.		8,441		754,457
TE Connectivity Ltd.		12,069		760,106
Western Union Co.		58,437		1,059,463
				10,977,955
Materials (12.8%):
Albemarle Corp.		10,608		597,973
Celanese Corp.		8,005		587,487
CF Industries Holdings, Inc.		16,357		444,910
Eastman Chemical Co.		11,967		557,423
FMC Corp.		12,323		1,006,666
International Flavors & Fragrances, Inc.		7,019		716,500

	Schedule of Portfolio Investments (concluded)
	March 31, 2020
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Materials (continued)
International Paper Co.		23,690		737,470
LyondellBasell Industries N.V., Class A		9,469		469,946
Nucor Corp.		18,645		671,593
Packaging Corp. of America		9,822		852,844
Reliance Steel & Aluminum Co.		10,464		916,541
RPM International, Inc.		18,438		1,097,061
Sonoco Products Co.		25,669		1,189,758
Steel Dynamics, Inc.		23,733		534,942
Westrock Co.		20,981		592,923
				10,974,037
Electric Utilities (26.6%):
Alliant Energy Corp.		34,644		1,672,959
American Electric Power Co., Inc.		20,092		1,606,958
Evergy, Inc.		27,117		1,492,791
Eversource Energy		23,648		1,849,511
FirstEnergy Corp.		34,449		1,380,371
OGE Energy Corp.		40,696		1,250,588
Pinnacle West Capital Corp.		18,615		1,410,831
PPL Corp.		51,675		1,275,339
AES Corp.		79,283		1,078,249
CenterPoint Energy, Inc.		54,077		835,490
CMS Energy Corp.		28,552		1,677,429
Consolidated Edison, Inc.		20,989		1,637,142
DTE Energy Co.		15,027		1,427,114
MDU Resources Group, Inc.		58,295		1,253,343
Public Service Enterprise Group, Inc.		29,369		1,318,962
WEC Energy Group		18,924		1,667,772
				22,834,849
Total Common Stocks (Cost $111,668,826)				84,962,122
Total Investments (Cost $111,668,826) — 99.3%				84,962,122
Other assets in excess of liabilities — 0.7%				608,375
NET ASSETS - 100.00%				85,570,497

Percentages indicated are based on net assets as of March 31, 2020.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini June Future (U.S. Dollar)	6/19/20	3	$	385,455	$	14,303
					$	14,303

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Common Stocks (99.2%)
Australia (5.9%):
Communication Services (0.4%):
Rea Group Ltd.		1,003		47,483
Telstra Corp. Ltd.		38,628		72,920
				120,403
Consumer Staples (0.6%):
Wesfarmers Ltd.		3,351		70,614
Woolworths Group Ltd.		4,194		90,519
				161,133
Energy (0.4%):
Origin Energy Ltd.		14,293		38,495
Santos Ltd.		14,940		31,418
Woodside Petroleum Ltd.		4,108		45,999
				115,912
Financials (1.4%):
ASX Ltd.		1,968		93,289
Commonwealth Bank of Australia		1,916		72,833
Insurance Australia Group Ltd.		20,999		80,056
National Australia Bank Ltd.		5,336		54,729
Suncorp Group Ltd.		10,881		61,086
				361,993
Health Care (1.2%):
Cochlear Ltd.		524		60,398
CSL Ltd.		540		98,511
Ramsay Health Care Ltd.		1,908		67,203
Sonic Healthcare Ltd.		5,478		81,954
				308,066
Industrials (0.5%):
Aurizon Holdings Ltd.		26,214		68,183
Brambles Ltd.		11,890		77,206
				145,389
Information Technology (0.1%):
Wisetech Global Ltd.		1,782		18,737
				18,737
Materials (1.0%):
BHP Group Ltd.		3,718		66,254
BHP Group PLC		3,713		57,727
Fortescue Metals Group Ltd.		6,752		41,518
Newcrest Mining Ltd.		2,715		38,481
Rio Tinto Ltd.		1,179		61,311
				265,291
Utilities (0.3%):
AGL Energy Ltd.		6,437		68,040
				68,040
				1,564,964
Austria (0.3%):
Energy (0.2%):
OMV AG		1,560		43,276
				43,276

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Austria (0.3%): (continued)
Financials (0.1%):
Erste Group Bank AG		2,086		38,836
				38,836
				82,112
Belgium (0.9%):
Financials (0.6%):
Ageas		2,345		98,020
KBC Group N.V.		1,118		51,798
				149,818
Materials (0.3%):
Solvay SA		665		48,672
Umicore		1,116		39,191
				87,863
				237,681
Bermuda (0.5%):
Industrials (0.3%):
Jardine Matheson Holdings Ltd.		1,600		80,000
				80,000
Real Estate (0.2%):
Hongkong Land Holdings Ltd.		15,000		56,250
				56,250
				136,250
Canada (9.2%):
Consumer Discretionary (0.7%):
Dollarama, Inc.		2,015		55,906
Gildan Activewear, Inc.		3,132		39,932
Magna International, Inc.		1,416		45,194
Restaurant Brands International, Inc.		1,188		47,880
				188,912
Consumer Staples (2.0%):
Alimentation Couche-Tard, Inc.		3,305		77,863
Empire Co. Ltd.		3,958		77,438
Loblaw Cos. Ltd.		2,568		132,406
Metro, Inc.		3,899		157,695
Saputo, Inc.		3,502		84,221
				529,623
Energy (1.0%):
Imperial Oil Ltd.		3,774		42,672
Inter Pipeline Ltd.		5,672		33,941
Pembina Pipelines Corp.		3,743		70,226
TC Energy Corp.		2,685		119,357
				266,196
Financials (1.5%):
Great-West Lifeco, Inc.		4,892		84,517
National Bank of Canada		3,481		134,555
Power Corp.		10,436		167,913
				386,985

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Canada (9.2%): (continued)
Industrials (0.8%):
Canadian National Railway Co.		1,383		108,146
Canadian Pacific Railway Ltd.		482		106,378
				214,524
Information Technology (0.9%):
CGI, Inc. (a)		1,858		100,605
Constellation Software, Inc.		72		65,446
Open Text Corp.		2,422		84,704
				250,755
Materials (0.4%):
CCL Industries, Inc.		2,060		62,645
Kirkland Lake Gold Ltd.		1,054		31,048
Teck Resources Ltd., Class B		3,390		25,706
				119,399
Utilities (1.9%):
Canadian Utilities Ltd., Class A		5,245		125,394
Emera, Inc.		4,256		167,869
Fortis, Inc.		5,413		208,772
				502,035
				2,458,429
Chile (0.2%):
Materials (0.2%):
Antofagasta PLC		4,735		45,452
				45,452
				45,452
Denmark (2.6%):
Financials (0.6%):
Danske Bank A/S (a)		4,139		47,037
Tryg A/S		4,057		100,304
				147,341
Health Care (1.0%):
Coloplast A/S		869		126,700
Demant A/S (a)		2,570		57,197
Genmab A/S (a)		366		74,479
				258,376
Industrials (0.5%):
DSV Panalpina A S		842		76,923
Vestas Wind Systems A/S		816		66,637
				143,560
Materials (0.5%):
Christian Hansen Holding A/S		836		62,859
Novozymes A/S, Class B Shares		1,795		82,047
				144,906
				694,183
Finland (1.7%):
Energy (0.3%):
Neste OYJ		2,164		73,609
				73,609

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Finland (1.7%): (continued)
Financials (0.5%):
Nordea Bank ABP (a)		9,454		53,641
Sampo OYJ		2,534		74,375
				128,016
Industrials (0.3%):
Kone OYJ		1,708		97,213
				97,213
Materials (0.4%):
Stora ENSO OYJ, Class R Shares (a)		4,268		43,510
UPM-Kymmene OYJ		2,126		58,814
				102,324
Utilities (0.2%):
Fortum OYJ		3,756		55,391
				55,391
				456,553
France (8.2%):
Consumer Discretionary (1.0%):
Compagnie Generale DES Etablissements Michelin		599		53,536
Hermes International SA		150		103,997
PSA Peugeot Citroen		2,748		36,859
Renault SA		1,029		20,091
SEB SA		440		55,064
				269,547
Financials (0.9%):
Amundi SA		1,163		69,053
CNP Assurances SA		4,669		45,920
Credit Agricole SA		5,731		42,274
Natixis		14,610		47,795
Societe Generale		2,098		35,504
				240,546
Health Care (1.3%):
bioMerieux		924		104,529
Essilorluxottica		552		59,816
Ipsen SA		571		29,704
Orpea		574		60,283
Sartorius Stedim Biotech (a)		420		84,746
				339,078
Industrials (3.3%):
Aeroports de Paris		487		46,958
Airbus Group SE		630		41,220
Bollore		21,379		59,167
Bureau Veritas SA		3,660		69,855
Edenred		1,844		77,444
Eiffage SA		932		66,281
Groupe Eurotunnel SA		6,017		72,911
Legrand SA		1,241		80,019
Safran SA		540		47,716
Schneider Electric SA		968		83,869

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
France (8.2%): (continued)
Industrials (3.3%): (continued)
Teleperformance		327		68,432
Thales SA		817		68,805
Vinci SA		983		81,722
				864,399
Information Technology (0.5%):
ATOS SE		850		57,863
Dassault Systemes SA		450		66,983
				124,846
Materials (0.4%):
Air Liquide SA		877		112,798
				112,798
Utilities (0.8%):
Engie		6,131		63,625
Suez		6,553		67,022
Veolia Environnement		4,219		90,595
				221,242
				2,172,456
Germany (5.1%):
Consumer Discretionary (0.6%):
Bayerische Motoren Werke (BMW) AG		1,223		63,533
Continental AG		481		34,796
Puma SE		815		48,885
				147,214
Consumer Staples (0.3%):
Beiersdorf AG		861		87,871
				87,871
Financials (1.4%):
Deutsche Boerse AG		675		93,032
Hannover Rueck SE		650		93,886
Muenchener Rueckversicherungs-Gesellschaft AG		464		94,187
Talanx AG		2,848		97,220
				378,325
Health Care (0.5%):
Carl Zeiss Meditec AG (a)		541		52,701
Fresenius Medical Care AG		1,239		82,240
				134,941
Industrials (1.2%):
Brenntag AG		1,624		60,576
Deutsche Post AG		3,105		84,819
Fraport AG Frankfurt Airport		1,086		44,185
MTU Aero Engines AG		335		49,255
Rational AG		132		70,414
				309,249
Information Technology (0.2%):
Infineon Technologies AG		2,946		43,624
Wirecard AG		161		18,577
				62,201

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Germany (5.1%): (continued)
Materials (0.6%):
Evonik Industries AG		2,763		58,097
Symrise AG		1,059		99,250
				157,347
Real Estate (0.3%):
Deutsche Wohnen SE		2,028		77,614
				77,614
				1,354,762
Hong Kong (5.7%):
Consumer Discretionary (0.2%):
Techtronic Industries Co.		8,000		51,906
				51,906
Consumer Staples (0.5%):
Sun Art Retail Group Ltd.		50,500		74,911
WH Group Ltd.		48,000		44,889
				119,800
Financials (0.6%):
AIA Group Ltd.		8,400		76,009
Hang Seng Bank		4,600		78,620
				154,629
Health Care (0.1%):
Sino Biopharmaceutical Ltd.		30,000		39,549
				39,549
Industrials (0.6%):
CK Hutchison Holdings Ltd.		12,000		80,955
MTR Corp. Ltd.		17,000		87,823
				168,778
Real Estate (2.5%):
CK Asset Holdings Ltd.		12,000		65,708
Hang Lung Properties Ltd.		38,059		77,272
Henderson Land Development Co. Ltd.		17,000		64,798
New World Development Co. Ltd.		50,000		53,789
Shimao Property Holdings Ltd.		16,500		58,104
Sino Land Co. Ltd.		54,000		68,540
Sun Hung KAI Properties Ltd.		5,230		68,946
Swire Pacific Ltd., Class A		9,500		61,209
Wharf Real Estate Investment		11,000		45,263
Wheelock & Co. Ltd.		16,000		109,178
				672,807
Utilities (1.2%):
CK Infrastructure Holdings Ltd.		17,500		93,002
Hong Kong & China Gas Co. Ltd.		57,000		93,965
Power Assets Holdings Ltd.		23,000		137,510
				324,477
				1,531,946
Ireland (1.5%):
Consumer Staples (0.4%):
Kerry Group PLC		889		103,118
				103,118

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Ireland (1.5%): (continued)
Industrials (0.8%):
DCC PLC		1,040		65,865
Experian PLC		3,184		89,003
Kingspan Group PLC		1,363		73,188
				228,056
Materials (0.3%):
CRH PLC		2,531		69,348
				69,348
				400,522
Israel (1.2%):
Financials (0.6%):
Bank Hapoalim BM		13,054		78,560
Bank Leumi		15,303		84,705
Isracard Ltd.		–		1
				163,266
Information Technology (0.3%):
Nice Ltd. (a)		591		87,373
				87,373
Real Estate (0.3%):
Azrieli Group Ltd.		1,060		61,307
				61,307
				311,946
Italy (2.7%):
Consumer Discretionary (0.2%):
Moncler SpA		1,704		62,546
				62,546
Consumer Staples (0.2%):
Davide Campari - Milano SpA		9,189		66,363
				66,363
Energy (0.6%):
Eni SpA		6,983		70,989
Snam SpA		19,727		91,441
				162,430
Financials (0.8%):
Assicurazioni Generali SpA		6,717		91,910
Intesa Sanpaolo SpA		32,312		53,027
Poste Italiane SpA		6,887		58,623
				203,560
Industrials (0.1%):
Atlantia SpA		2,675		33,712
				33,712
Utilities (0.8%):
ENEL SpA		14,395		100,612
Terna SpA		16,053		102,129
				202,741
				731,352
Japan (21.6%):
Communication Services (1.8%):
KDDI Corp.		3,700		109,785

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Japan (21.6%): (continued)
Communication Services (1.8%): (continued)
Nexon Co. Ltd.		3,700		60,743
Nippon Telegraph & Telephone Corp.		4,400		105,406
NTT DoCoMo, Inc.		4,600		144,491
Z Holdings Corp.		19,100		61,825
				482,250
Consumer Discretionary (3.0%):
Bridgestone Corp.		3,000		92,726
Denso Corp.		2,100		68,190
Fast Retailing Co. Ltd.		200		82,206
Nitori Co. Ltd.		500		67,808
Oriental Land Co. Ltd.		600		77,128
Pan Pacific International Holdings Corp.		5,000		95,293
Panasonic Corp.		10,700		82,109
Shimano ORD		500		71,807
Sumitomo Electric Industries Ltd.		7,400		78,330
Toyota Industries Corp.		1,500		72,272
				787,869
Consumer Staples (0.9%):
KAO Corp.		1,100		90,345
Kose Corp.		400		49,595
Unicharm Corp.		2,300		86,665
				226,605
Energy (0.1%):
INPEX Corp.		6,400		36,241
				36,241
Financials (2.1%):
DAI-Ichi Life Holdings, Inc.		5,300		63,865
Japan Post Bank Co. Ltd.		13,700		127,048
Japan Post Holdings Co. Ltd.		14,000		110,127
ORIX Corp.		6,500		78,628
Sumitomo Mitsui Financial Group, Inc.		3,600		87,832
Sumitomo Mitsui Trust Holdings, Inc.		3,200		92,985
				560,485
Health Care (3.3%):
Chugai Pharmaceutical Co. Ltd.		1,300		151,149
Daiichi Sankyo Co. Ltd.		800		55,318
Eisai Co. Ltd.		1,000		73,770
Hoya Corp.		1,000		85,574
Kyowa Kirin Co. Ltd.		4,500		101,377
M3, Inc.		2,100		62,408
Olympus Corp.		4,200		61,021
Otsuka Holdings Co. Ltd.		1,700		66,903
Shionogi & Co. Ltd.		1,600		79,129
Sysmex Corp.		800		58,383
Terumo Corp.		2,400		83,043
				878,075

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Japan (21.6%): (continued)
Industrials (5.2%):
ANA Holdings, Inc.		4,100		100,641
Central Japan Railway Co.		500		80,551
Daikin Industries Ltd.		600		73,500
East Japan Railway Co.		1,300		98,863
Fanuc Corp.		400		54,525
Japan Airlines Co. Ltd.		4,000		74,040
Komatsu Ltd.		3,300		54,591
Kubota Corp.		5,200		66,820
Marubeni Corp.		12,000		60,162
Mitsubishi Corp.		4,100		87,389
Mitsubishi Electric Corp.		5,800		72,021
Mitsubishi Heavy Industries Ltd.		2,700		68,624
Nidec Corp.		1,000		52,153
Secom Co. Ltd.		1,200		100,165
SMC Corp.		100		42,554
Sumitomo Corp.		6,300		72,604
Tokyu Corp.		5,100		80,644
Toyota Tsusho Corp.		2,400		56,836
West Japan Railway Co.		1,400		96,311
				1,392,994
Information Technology (3.1%):
Canon, Inc.		4,200		92,157
Fujifilm Holdings Corp.		2,300		116,358
Keyence Corp.		300		97,191
Kyocera Corp.		1,600		95,366
Murata Manufacturing Co. Ltd.		1,000		50,898
Nomura Research Institute Ltd.		3,400		72,358
NTT Data Corp.		5,600		54,172
OBIC Co. Ltd.		600		79,025
Omron Corp.		1,000		52,367
TDK Corp.		600		46,768
Tokyo Electron Ltd.		300		56,799
				813,459
Materials (0.9%):
Asahi Kasei Corp.		6,200		44,105
Mitsubishi Chemical Holdings Corp.		10,200		60,986
Nippon Paint Holdings Co. Ltd.		1,400		73,705
Shin-Etsu Chemical Co. Ltd.		700		69,863
				248,659
Real Estate (1.0%):
Daiwa House Industry Co. Ltd.		2,500		62,262
Mitsubishi Estate Co. Ltd.		4,400		65,277
Mitsui Fudosan Co. Ltd.		3,800		66,114
Sumitomo Realty & Development		3,000		73,528
				267,181

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Japan (21.6%): (continued)
Utilities (0.2%):
The Kansai Electric Power Co., Inc.		5,800		64,927
				64,927
				5,758,745
Korea, Republic Of (4.2%):
Communication Services (0.6%):
Naver Corp.		467		65,223
SK Telecom Co. Ltd.		550		79,979
				145,202
Consumer Discretionary (0.3%):
Hyundai Mobis		321		44,701
KIA Motors Corp.		1,956		41,781
				86,482
Consumer Staples (0.2%):
LG Household & Health Care Ltd.		64		58,889
				58,889
Energy (0.1%):
SK Innovation Co. Ltd.		474		33,879
				33,879
Financials (0.8%):
Hana Financial Group, Inc.		2,809		53,309
KB Financial Group, Inc.		2,140		60,744
Samsung Fire & Marine Insurance Co. Ltd.		388		49,090
Shinhan Financial Group Co. Ltd.		2,504		58,835
				221,978
Health Care (0.3%):
Celltrion, Inc. (a)		346		65,086
				65,086
Industrials (0.7%):
LG Corp.		1,400		67,861
Samsung C&T Corp.		1,033		76,041
SK Holdings Co. Ltd.		369		50,778
				194,680
Information Technology (0.9%):
Samsung Electronics Co. Ltd.		1,777		69,710
Samsung SDI Co. Ltd.		311		61,449
Samsung SDS Co. Ltd.		445		54,656
SK Hynix, Inc.		748		51,190
				237,005
Materials (0.3%):
LG Chem Ltd.		269		67,405
				67,405
				1,110,606
Luxembourg (0.5%):
Energy (0.1%):
Tenaris SA		5,751		35,383
				35,383

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Luxembourg (0.5%): (continued)
Health Care (0.2%):
Eurofins Scientific		99		49,230
				49,230
Real Estate (0.2%):
Aroundtown SA		12,413		62,328
				62,328
				146,941
Netherlands (2.0%):
Financials (0.2%):
EXOR N.V.		1,149		59,543
				59,543
Industrials (0.6%):
Randstad N.V.		1,467		52,036
Wolters Kluwer N.V.		1,503		106,359
				158,395
Information Technology (0.6%):
Adyen N.V. (a)		88		74,770
ASML Holding N.V.		279		74,584
				149,354
Materials (0.6%):
AKZO Nobel N.V		1,142		75,562
Koninklijke DSM N.V.		704		80,340
				155,902
				523,194
Norway (1.5%):
Consumer Staples (0.5%):
Mowi ASA		3,294		50,346
Orkla ASA, Class A		10,682		91,610
				141,956
Energy (0.3%):
AKER BP ASA		1,717		21,934
Statoil ASA		3,828		48,366
				70,300
Financials (0.5%):
DNB ASA		4,752		53,449
Gjensidige Forsikring ASA (a)		4,681		80,294
				133,743
Materials (0.2%):
Yara International ASA		1,665		52,821
				52,821
				398,820
Portugal (0.3%):
Consumer Staples (0.3%):
Jeronimo Martins & Filho SA		4,349		78,833
				78,833
				78,833

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Russian Federation (0.1%):
Materials (0.1%):
Evraz PLC	10,129	29,131
		29,131
		29,131
Singapore (3.2%):
Communication Services (0.4%):
Singapore Telecommunications Ltd.	52,500	93,849
		93,849
Consumer Discretionary (0.2%):
Jardine Cycle & Carriage Ltd.	3,800	52,605
		52,605
Consumer Staples (0.3%):
Wilmar International Ltd.	38,100	86,609
		86,609
Financials (1.0%):
DBS Group Holdings Ltd.	6,300	82,336
Oversea-Chinese Banking Corp. Ltd.	16,600	100,939
United Overseas Bank	6,100	83,500
		266,775
Industrials (1.0%):
Keppel Corp. Ltd.	25,400	94,564
Singapore Airlines Ltd.	21,100	85,238
Singapore Tech Engineering Ltd.	38,700	84,977
		264,779
Real Estate (0.3%):
Capitaland Ltd.	42,700	85,646
		85,646
		850,263
Spain (3.1%):
Consumer Discretionary (0.3%):
Industria de Diseno Textil SA	2,794	72,888
		72,888
Energy (0.2%):
Repsol SA	6,031	55,406
		55,406
Financials (0.1%):
Caixabank SA	20,866	39,112
		39,112
Health Care (0.4%):
Grifols SA	2,843	97,175
		97,175
Industrials (0.4%):
ACS Actividades de Construccion y Servicios SA	2,142	42,075
Aena SME SA	594	65,180
		107,255
Information Technology (0.2%):
Amadeus IT Group SA	1,141	54,348
		54,348

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Spain (3.1%): (continued)
Utilities (1.5%):
Endesa SA	4,698	100,855
Iberdrola SA	12,939	128,170
Naturgy Energy Group SA	4,103	72,903
Red Electrica Corp.	5,067	91,429
		393,357
		819,541
Sweden (3.6%):
Communication Services (0.4%):
Telia Co. AB	27,422	99,046
		99,046
Consumer Staples (0.6%):
Essity Aktiebolag, Class B	2,937	90,928
ICA Gruppen AB	1,787	75,556
		166,484
Financials (0.7%):
Skandinavisk Enskilda Banken AB	8,130	55,259
Svenska Handelsbanken AB	9,222	77,572
Swedbank AB, Class A Shares (a)	3,596	40,330
		173,161
Industrials (1.7%):
ALFA Laval AB	3,342	58,242
ASSA Abloy AB	4,025	76,437
Atlas Copco AB, Class A Shares	2,380	80,401
Epiroc AB, Class A	6,317	62,928
Sandvik AB	4,499	64,295
Skanska AB	3,877	59,407
Volvo AB	5,045	60,996
		462,706
Information Technology (0.2%):
Hexagon AB, Class B Shares	1,309	56,154
		56,154
		957,551
Switzerland (8.0%):
Communication Services (0.5%):
Swisscom AG	262	141,661
		141,661
Consumer Discretionary (0.4%):
CIE Financiere Richemont SA	1,115	61,492
Swatch Group AG	282	56,702
		118,194
Consumer Staples (0.9%):
Barry Callebaut AG	54	108,887
Chocoladefabriken Lindt & Spruengli AG	16	135,620
		244,507
Financials (1.4%):
Baloise Holding AG	720	94,967
Julius Baer Group Ltd.	1,582	54,312

	Schedule of Portfolio Investments — continued
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Switzerland (8.0%): (continued)
Financials (1.4%): (continued)
Partners Group Holding AG		156		108,572
Swiss Life Holding AG		302		103,398
				361,249
Health Care (0.8%):
Sonova Holding AG		409		74,140
Straumann Holding AG		108		80,980
Vifor Pharma AG		459		63,810
				218,930
Industrials (1.9%):
ABB Ltd.		5,297		93,624
Geberit AG		258		114,238
Kuehne & Nagel International AG		616		85,059
Schindler Holding AG		432		95,371
SGS SA		51		118,846
				507,138
Information Technology (0.4%):
Stmicroelectronics N.V.		2,152		47,159
Temenos AG		418		55,134
				102,293
Materials (1.7%):
EMS-Chemie Holding AG		141		89,179
Givaudan SA		48		149,423
Glencore PLC		21,323		32,781
Lafargeholcim Ltd.		1,999		73,469
Sika AG		626		104,073
				448,925
				2,142,897
United Kingdom (5.0%):
Communication Services (0.4%):
BT Group PLC		35,837		52,468
Informa PLC		9,026		49,609
				102,077
Consumer Discretionary (0.5%):
Barratt Developments PLC		8,703		47,660
Burberry Group PLC		2,412		39,672
Next PLC		904		45,712
				133,044
Consumer Staples (0.3%):
Associated British Foods PLC		3,114		70,147
				70,147
Financials (1.1%):
3I Group PLC		6,762		66,522
Hargreaves Lansdown PLC		2,533		43,597
Legal & General Group PLC		24,011		57,800
London Stock Exchange Group		757		68,435
Schroders PLC		2,084		64,284
				300,638

	Schedule of Portfolio Investments (concluded)
	March 31, 2020
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
United Kingdom (5.0%): (continued)
Health Care (0.3%):
Smith & Nephew PLC		4,694		83,617
				83,617
Industrials (1.4%):
Ashtead Group PLC		2,568		56,301
Bunzl PLC		3,572		72,280
Ferguson PLC		1,002		62,911
International Consolidated Airlines Group SA		9,035		24,134
Intertek Group PLC		1,355		79,522
Smiths Group PLC		4,798		73,047
				368,195
Information Technology (0.3%):
Halma PLC		3,707		88,431
				88,431
Materials (0.7%):
Anglo American PLC		2,648		46,575
Mondi PLC		3,540		60,709
Rio Tinto PLC		1,425		65,802
				173,086
				1,319,235
United States (0.4%):
Industrials (0.4%):
Waste Connections, Inc.		1,289		100,035
				100,035
				100,035
Total Common Stocks (Cost $33,588,820)				26,414,400
Total Investments (Cost $33,588,820) — 99.2%				26,414,400
Other assets in excess of liabilities — 0.8%				207,722
NET ASSETS - 100.00%				26,622,122

Percentages indicated are based on net assets as of March 31, 2020.

Amounts designated as “—” are 0 or have been rounded to 0.

(a)        Non-income producing security.

Futures Contracts

Long Futures

Index Futures	Expiration Date	Number of Contracts	Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Mini MSCI EAFE Index June Future (U.S. Dollar)	6/19/20	1	$	77,965	$	7,481
					$	7,481