Schedule of Investments |Aggressive Growth Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK - 95.0% | ||||||||
AEROSPACE & DEFENSE - 0.8% | ||||||||
639 | TransDigm Group, Inc. * | $ | 413,618 | |||||
APPAREL & TEXTILE PRODUCTS - 5.8% | ||||||||
2,579 | Deckers Outdoor Corp. * | 990,517 | ||||||
29,749 | Tapestry, Inc. * | 1,293,487 | ||||||
8,596 | VF Corp. | 705,216 | ||||||
2,989,220 | ||||||||
BANKING - 1.0% | ||||||||
2,027 | Signature Bank | 497,933 | ||||||
BIOTECH & PHARMA - 7.2% | ||||||||
1,834 | Argenx SE - ADR * | 552,162 | ||||||
20,294 | Horizon Therapeutics PLC * | 1,900,330 | ||||||
6,752 | United Therapeutics Corp. * | 1,211,376 | ||||||
3,663,868 | ||||||||
CONSTRUCTION MATERIALS - 2.0% | ||||||||
10,193 | Owens Corning | 997,895 | ||||||
CONTAINERS & PACKAGING - 2.2% | ||||||||
10,961 | Crown Holdings, Inc. | 1,120,324 | ||||||
ELECTRICAL EQUIPMENT - 6.5% | ||||||||
11,434 | Fortive Corp. | 797,407 | ||||||
4,506 | Generac Holdings, Inc. * | 1,870,666 | ||||||
3,671 | Trane Technologies PLC | 675,978 | ||||||
3,344,051 | ||||||||
ENGINEERING & CONSTRUCTION - 1.1% | ||||||||
6,411 | Darling Ingredients, Inc. * | 580,644 | ||||||
FOOD - 1.3% | ||||||||
10,181 | Darling Ingredients, Inc. * | 687,218 | ||||||
FORESTRY, PAPER & WOOD PRODUCTS - 1.0% | ||||||||
4,816 | Trex Company, Inc. * | 492,243 | ||||||
HEALTH CARE FACILITIES & SERVICES - 3.0% | ||||||||
6,460 | Catalent, Inc. * | 698,455 | ||||||
4,047 | ICON PLC * | 836,555 | ||||||
1,535,010 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 3.8% | ||||||||
6,126 | United Rentals, Inc. * | 1,954,255 | ||||||
LEISURE FACILITIES & SERVICES - 3.5% | ||||||||
66,212 | Bloomin Brands, Inc. * | 1,796,994 | ||||||
MACHINERY - 4.4% | ||||||||
4,991 | Lincoln Electric Holdings, Inc. | 657,365 | ||||||
9,435 | Oshkosh Corp. | 1,175,978 | ||||||
1,376 | Parker-Hannifin Corp. | 422,583 | ||||||
2,255,926 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 13.0% | ||||||||
46,042 | Avantor, Inc. * | 1,634,951 | ||||||
1,061 | DexCom, Inc. * | 453,047 | ||||||
1,694 | Insulet Corp. * | 465,020 | ||||||
14,484 | Natera, Inc. * | 1,644,369 | ||||||
2,963 | Novocure Ltd. * | 657,253 | ||||||
3,713 | Repligen Corp. * | 741,189 | ||||||
1,774 | STERIS PLC | 365,976 | ||||||
1,808 | Teleflex, Inc. | 726,436 | ||||||
6,688,241 | ||||||||
RENEWABLE ENERGY - 2.4% | ||||||||
4,359 | Enphase Energy, Inc. * | 800,443 | ||||||
7,369 | Sunrun, Inc. * | 411,043 | ||||||
1,211,486 |
Schedule of Investments |Aggressive Growth Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
RETAIL - DISCRETIONARY - 5.3% | ||||||||
5,294 | Burlington Stores, Inc. * | $ | 1,704,615 | |||||
16,361 | Foot Locker, Inc. | 1,008,328 | ||||||
2,712,943 | ||||||||
SEMICONDUCTORS - 10.8% | ||||||||
1,932 | KLA Corp. | 626,374 | ||||||
35,907 | Marvell Technology Group Ltd. | 2,094,455 | ||||||
4,239 | Monolithic Power System, Inc. | 1,583,055 | ||||||
3,217 | Skyworks Solutions, Inc. | 616,860 | ||||||
4,539 | Teradyne, Inc. | 608,044 | ||||||
5,528,788 | ||||||||
SOFTWARE - 12.4% | ||||||||
1,161 | ANSYS, Inc. * | 402,937 | ||||||
5,778 | Five9, Inc. * | 1,059,627 | ||||||
498 | HubSpot, Inc. * | 290,195 | ||||||
17,373 | Rapid7, Inc. * | 1,644,007 | ||||||
3,787 | RingCentral, Inc. * | 1,100,426 | ||||||
3,055 | Twilio, Inc. * | 1,204,159 | ||||||
11,082 | Varonis Systems, Inc. * | 638,545 | ||||||
6,339,896 | ||||||||
TECHNOLOGY HARDWARE - 3.0% | ||||||||
17,773 | Seagate Technology Holdings PLC | 1,562,780 | ||||||
TECHNOLOGY SERVICES - 4.5% | ||||||||
1,940 | EPAM Systems, Inc. * | 991,262 | ||||||
1,678 | MSCI, Inc. | 894,508 | ||||||
4,020 | TransUnion | 441,437 | ||||||
2,327,207 | ||||||||
TOTAL COMMON STOCK (Cost $32,708,253) | 48,700,540 | |||||||
MONEY MARKET FUND - 5.7% | ||||||||
2,939,954 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (A) | |||||||
(Cost $2,939,954) | 2,939,954 | |||||||
TOTAL INVESTMENTS - 100.7% (Cost $35,648,207) | $ | 51,640,494 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.7)% | (369,014 | ) | ||||||
NET ASSETS - 100.0% | $ | 51,271,480 |
* | Non-income producing securities. |
ADR - American Depositary Receipt.
PLC - Public Limited Co.
(A) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | International Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK - 95.1% | ||||||||
AEROSPACE & DEFENSE - 1.4% | ||||||||
56,000 | Safran SA (ADR) | $ | 1,944,320 | |||||
AUTOMOTIVE - 4.0% | ||||||||
45,000 | Magna International, Inc. - Class A | 4,168,800 | ||||||
79,500 | Valeo SA (ADR) | 1,196,475 | ||||||
5,365,275 | ||||||||
BANKING - 9.7% | ||||||||
41,539 | DBS Group Holdings Ltd. (ADR) | 3,702,786 | ||||||
83,000 | DNB ASA (ADR) | 1,810,645 | ||||||
28,700 | HDFC Bank Ltd. (ADR) * | 2,098,544 | ||||||
104,100 | ICICI Bank Ltd. (ADR) * | 1,780,110 | ||||||
189,000 | Itau Unibanco Holding SA (ADR) | 1,135,890 | ||||||
63,100 | KBC Group NV (ADR) | 2,410,105 | ||||||
12,938,080 | ||||||||
CHEMICALS - 2.7% | ||||||||
13,400 | Arkema SA (ADR) | 1,674,464 | ||||||
95,000 | BASF SE (ADR) | 1,883,850 | ||||||
3,558,314 | ||||||||
CONSTRUCTION MATERIALS - 1.8% | ||||||||
30,500 | Xinyi Glass Holdings Ltd. (ADR) | 2,450,675 | ||||||
E-COMMERCE DISCRETIONARY - 0.4% | ||||||||
4,400 | Pinduoduo, Inc. (ADR) * | 558,888 | ||||||
ELECTRIC UTILITIES - 1.8% | ||||||||
267,000 | Enel SpA (ADR) | 2,475,090 | ||||||
ELECTRICAL EQUIPMENT - 1.8% | ||||||||
76,400 | Schneider Electric SE (ADR) | 2,413,476 | ||||||
ENGINEERING & CONSTRUCTION - 3.0% | ||||||||
148,000 | Vinci SA (ADR) | 3,959,740 | ||||||
FOOD - 3.0% | ||||||||
21,000 | Kerry Group PLC (ADR) | 2,958,375 | ||||||
40,000 | Mowi ASA (ADR) | 1,016,000 | ||||||
3,974,375 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 1.9% | ||||||||
10,000 | Fresenius Medical Care AG & Co. (ADR) | 415,700 | ||||||
10,100 | ICON PLC * | 2,087,771 | ||||||
2,503,471 | ||||||||
HOUSEHOLD PRODUCTS - 0.8% | ||||||||
85,000 | Kao Corp. (ADR) | 1,044,650 | ||||||
INDUSTRIAL SUPPORT SERVICES - 1.8% | ||||||||
8,100 | Ashtead Group PLC (ADR) | 2,413,071 | ||||||
INSTITUTIONAL FINANCIAL SERVICES - 2.0% | ||||||||
156,500 | Deutsche Boerse AG (ADR) | 2,727,795 | ||||||
INSURANCE - 6.9% | ||||||||
36,200 | Ageas (ADR) | 2,017,064 | ||||||
66,500 | AIA Group Ltd. (ADR) | 3,307,045 | ||||||
57,400 | Muenchener Rueckversicherungs AG (ADR) | 1,571,038 | ||||||
103,600 | Sampo Oyj (ADR) | 2,382,541 | ||||||
9,277,688 |
Schedule of Investments | International Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
INTERNET MEDIA & SERVICES - 6.0% | ||||||||
49,200 | Naspers Ltd. (ADR) | $ | 2,075,256 | |||||
103,000 | Prosus NV (ADR) | 2,018,800 | ||||||
850 | Shopify, Inc. * | 1,241,833 | ||||||
38,400 | Yandex NV * | 2,716,800 | ||||||
8,052,689 | ||||||||
LEISURE PRODUCTS - 1.3% | ||||||||
71,000 | Shimano, Inc. (ADR) | 1,689,800 | ||||||
MACHINERY - 7.5% | ||||||||
58,500 | Atlas Copco AB (ADR) | 3,085,729 | ||||||
70,000 | FANUC Corp. (ADR) | 1,677,900 | ||||||
60,850 | Techtronic Industries Co. (ADR) | 5,332,286 | ||||||
10,095,915 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 6.4% | ||||||||
41,200 | Alcon, Inc. | 2,894,712 | ||||||
26,800 | Hoya Corp. (ADR) | 3,559,308 | ||||||
47,400 | Smith & Nephew PLC (ADR) | 2,059,056 | ||||||
8,513,076 | ||||||||
METALS & MINING - 1.8% | ||||||||
29,000 | Rio Tinto PLC (ADR) | 2,432,810 | ||||||
OIL & GAS PRODUCERS - 3.7% | ||||||||
148,000 | Equinor ASA (ADR) | 3,137,600 | ||||||
333,000 | Galp Energia SGPS SA (ADR) | 1,798,200 | ||||||
4,935,800 | ||||||||
RETAIL - CONSUMER STAPLES - 0.7% | ||||||||
45,948 | Pan Pacific International Holdings Corp. (ADR) | 966,286 | ||||||
SEMICONDUCTORS - 7.5% | ||||||||
6,250 | ASML Holding NV (ADR) | 4,317,750 | ||||||
13,000 | NXP Semiconductors NV | 2,674,360 | ||||||
25,900 | Taiwan Semiconductor Manufacturing Co. Ltd. (ADR) | 3,112,144 | ||||||
10,104,254 | ||||||||
SOFTWARE - 3.9% | ||||||||
13,800 | Nice Ltd. (ADR) * | 3,414,948 | ||||||
34,640 | Open Text Corp. | 1,759,712 | ||||||
5,174,660 | ||||||||
SPECIALTY FINANCE - 1.7% | ||||||||
26,700 | ORIX Corp. (ADR) | 2,260,422 | ||||||
TECHNOLOGY HARDWARE - 1.2% | ||||||||
21,438 | FUJIFILM Holdings Corp. (ADR) | 1,586,412 | ||||||
TECHNOLOGY SERVICES - 5.5% | ||||||||
7,400 | Adyen NV (ADR) * | 363,636 | ||||||
43,000 | Amadeus IT Group SA (ADR) * | 3,037,950 | ||||||
75,000 | Infosys Ltd. (ADR) | 1,589,250 | ||||||
43,700 | Pagseguro Digital Ltd. * | 2,443,704 | ||||||
7,434,540 | ||||||||
TELECOMMUNICATIONS - 1.9% | ||||||||
95,300 | Nippon Telegraph & Telephone Corp. (ADR) | 2,496,145 | ||||||
TRANSPORTATION & LOGISTICS - 3.0% | ||||||||
52,800 | Canadian Pacific Railway Ltd. | 4,060,848 | ||||||
TOTAL COMMON STOCK (Cost $88,890,691) | 127,408,565 |
Schedule of Investments | International Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
MONEY MARKET FUND - 5.6% | ||||||||
7,451,195 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (A) | $ | 7,451,195 | |||||
(Cost $7,451,195) | ||||||||
TOTAL INVESTMENTS - 100.7% (Cost $96,341,886) | $ | 134,859,760 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.7)% | (877,347 | ) | ||||||
NET ASSETS - 100.0% | $ | 133,982,413 |
* | Non-income producing securities. |
ADR - American Depositary Receipt.
PLC - Public Limited Co.
(A) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Diversification of Assets | ||||
Country | % of Net Assets | |||
Japan | 11.4 | % | ||
Canada | 8.4 | % | ||
France | 8.4 | % | ||
Hong Kong | 8.3 | % | ||
Netherlands | 7.0 | % | ||
United Kingdom | 5.1 | % | ||
Denmark | 4.9 | % | ||
Norway | 4.5 | % | ||
India | 4.1 | % | ||
Ireland | 3.8 | % | ||
Belgium | 3.3 | % | ||
Singapore | 2.8 | % | ||
Brazil | 2.7 | % | ||
Israel | 2.5 | % | ||
Spain | 2.3 | % | ||
Sweden | 2.3 | % | ||
Taiwan | 2.3 | % | ||
Switzerland | 2.2 | % | ||
Russia | 2.0 | % | ||
Finland | 1.8 | % | ||
Italy | 1.8 | % | ||
South Africa | 1.5 | % | ||
Portugal | 1.3 | % | ||
China | 0.4 | % | ||
Total | 95.1 | % | ||
Money Market Fund | 5.6 | % | ||
Other Assets Less Liabilities - Net | (0.7 | )% | ||
Grand Total | 100.0 | % |
Schedule of Investments | Large/Mid Cap Growth Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK - 76.9% | ||||||||
BANKING - 0.8% | ||||||||
10,774 | Western Alliance Bancorp | $ | 1,000,366 | |||||
BIOTECH & PHARMA - 5.4% | ||||||||
18,734 | Horizon Therapeutics PLC * | 1,754,252 | ||||||
6,572 | Neurocrine Biosciences, Inc. * | 639,587 | ||||||
5,401 | Vertex Pharmaceuticals, Inc. * | 1,089,004 | ||||||
18,691 | Zoetis, Inc. | 3,483,255 | ||||||
6,966,098 | ||||||||
CHEMICALS - 2.5% | ||||||||
16,730 | FMC Corp. | 1,810,186 | ||||||
4,997 | Linde PLC | 1,444,633 | ||||||
3,254,819 | ||||||||
CONSTRUCTION MATERIALS - 1.0% | ||||||||
12,695 | Owens Corning | 1,242,841 | ||||||
DIVERSIFIED INDUSTRIALS - 2.3% | ||||||||
16,353 | Emerson Electric Co. | 1,573,813 | ||||||
6,258 | Honeywell International, Inc. | 1,372,692 | ||||||
2,946,505 | ||||||||
ELECTRIC UTILITIES - 1.2% | ||||||||
21,347 | NextEra Energy, Inc. | 1,564,308 | ||||||
ELECTRICAL EQUIPMENT - 3.4% | ||||||||
26,732 | Amphenol Corp. - Class A | 1,828,736 | ||||||
13,796 | Fortive Corp. | 962,133 | ||||||
8,164 | Trane Technologies PLC | 1,503,319 | ||||||
4,294,188 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 1.4% | ||||||||
7,400 | IQVIA Holdings, Inc. * | 1,793,168 | ||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.4% | ||||||||
14,572 | Intercontinental Exchange, Inc. | 1,729,696 | ||||||
INSURANCE - 2.7% | ||||||||
15,754 | Arthur J. Gallagher & Co. | 2,206,820 | ||||||
41,628 | Equitable Holdings, Inc. | 1,267,573 | ||||||
3,474,393 | ||||||||
LEISURE FACILITIES & SERVICES - 1.4% | ||||||||
1,160 | Chipotle Mexican Grill, Inc. * | 1,798,394 | ||||||
MACHINERY - 2.3% | ||||||||
5,527 | Caterpillar, Inc. | 1,202,841 | ||||||
14,366 | Oshkosh Corp. | 1,790,578 | ||||||
2,993,419 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 7.3% | ||||||||
10,988 | Baxter International, Inc. | 884,534 | ||||||
5,002 | Danaher Corp. | 1,342,337 | ||||||
16,458 | Edwards Lifesciences Corp. * | 1,704,555 | ||||||
5,934 | Insulet Corp. * | 1,628,942 | ||||||
2,364 | Intuitive Surgical, Inc. * | 2,174,029 | ||||||
3,963 | Teleflex, Inc. | 1,592,294 | ||||||
9,326,691 | ||||||||
OIL & GAS PRODUCERS - 0.6% | ||||||||
13,284 | ConocoPhillips | 808,996 |
Schedule of Investments | Large/Mid Cap Growth Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
RETAIL - CONSUMER STAPLES - 3.6% | ||||||||
6,208 | Costco Wholesale Corp. | $ | 2,456,319 | |||||
10,119 | Dollar General Corp. | 2,189,651 | ||||||
4,645,970 | ||||||||
RETAIL - DISCRETIONARY - 7.2% | ||||||||
5,781 | Burlington Stores, Inc. * | 1,861,424 | ||||||
36,621 | Foot Locker, Inc. | 2,256,952 | ||||||
9,092 | Lowes Cos, Inc. | 1,763,575 | ||||||
3,742 | Lululemon Athletica, Inc. * | 1,365,718 | ||||||
3,364 | OReilly Automotive, Inc. * | 1,904,730 | ||||||
9,152,399 | ||||||||
SEMICONDUCTORS - 12.9% | ||||||||
33,315 | Advanced Micro Devices, Inc. * | 3,129,278 | ||||||
5,155 | Broadcom Ltd. | 2,458,110 | ||||||
1,672 | Lam Research Corporation | 1,087,970 | ||||||
11,616 | Maxim Integrated Products, Inc. | 1,223,862 | ||||||
5,067 | Monolithic Power Systems, Inc. | 1,892,271 | ||||||
5,722 | NVIDIA Corp. | 4,578,172 | ||||||
10,302 | NXP Semiconductors NV | 2,119,327 | ||||||
16,488,990 | ||||||||
SOFTWARE - 9.2% | ||||||||
2,285 | HubSpot, Inc. * | 1,331,515 | ||||||
5,008 | Palo Alto Networks, Inc. * | 1,858,218 | ||||||
25,788 | Rapid7, Inc. * | 2,440,318 | ||||||
6,538 | ServiceNow, Inc. * | 3,592,958 | ||||||
9,354 | Synopsys, Inc. * | 2,579,740 | ||||||
11,802,749 | ||||||||
TECHNOLOGY HARDWARE - 2.4% | ||||||||
17,643 | Seagate Technology Holdings PLC | 1,551,349 | ||||||
20,894 | Western Digital Corp. * | 1,487,026 | ||||||
3,038,375 | ||||||||
TECHNOLOGY SERVICES - 5.8% | ||||||||
20,164 | CDW Corp. | 3,521,643 | ||||||
5,066 | EPAM Systems, Inc. * | 2,588,523 | ||||||
9,066 | Fidelity National Information Services, Inc. | 1,284,380 | ||||||
7,394,546 | ||||||||
TRANSPORTATION & LOGISTICS - 1.3% | ||||||||
21,625 | Canadian Pacific Railway Ltd. | 1,663,179 | ||||||
TRANSPORTATION & EQUIPMENT - 0.8% | ||||||||
12,086 | PACCAR, Inc. | 1,078,676 | ||||||
TOTAL COMMON STOCK (Cost $59,191,640) | 98,458,766 | |||||||
EXCHANGE TRADED FUND (A) - 19.6% | ||||||||
720,000 | Timothy Plan US Large/Mid Cap Core ETF (Cost $18,061,200) | 25,136,352 | ||||||
MONEY MARKET FUND - 5.3% | ||||||||
6,815,423 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (B) | 6,815,423 | ||||||
(Cost $6,815,423) | ||||||||
TOTAL INVESTMENTS - 101.8% (Cost $84,068,263) | $ | 130,410,541 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (1.8)% | (2,355,873 | ) | ||||||
NET ASSETS - 100.0% | $ | 128,054,668 |
* | Non-income producing securities. |
ETF - Exchange Traded Fund.
PLC - Public Limited Co.
(A) | Affiliated Fund. |
(B) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Small Cap Value Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK - 80.8% | ||||||||
AEROSPACE/DEFENSE - 3.3% | ||||||||
56,042 | Kaman Corp. | $ | 2,824,517 | |||||
34,745 | Moog, Inc. | 2,920,665 | ||||||
5,745,182 | ||||||||
APPAREL & TEXTILE PRODUCTS - 1.0% | ||||||||
16,613 | Oxford Industries, Inc. | 1,642,029 | ||||||
BANKING - 13.9% | ||||||||
67,272 | Columbia Banking System, Inc. | 2,594,008 | ||||||
88,816 | Great Western Bancorp, Inc. | 2,912,277 | ||||||
44,834 | Hilltop Holdings, Inc. | 1,631,958 | ||||||
32,488 | International Bancshares Corp. | 1,395,035 | ||||||
73,500 | Provident Financial Services, Inc. | 1,682,415 | ||||||
76,611 | Renasant Corp. | 3,064,440 | ||||||
69,196 | Sandy Spring Bancorp, Inc. | 3,053,619 | ||||||
101,227 | Simmons First National Corp. | 2,970,000 | ||||||
49,754 | Trustmark Corp. | 1,532,423 | ||||||
88,810 | Veritex Holdings, Inc. | 3,144,762 | ||||||
23,980,937 | ||||||||
CHEMICALS - 5.4% | ||||||||
61,219 | Avient Corp. | 3,009,526 | ||||||
17,731 | Innospec, Inc. | 1,606,606 | ||||||
107,960 | PQ Group Holdings, Inc. | 1,658,266 | ||||||
25,149 | Stepan Co. | 3,024,670 | ||||||
9,299,068 | ||||||||
COMMERCIAL SUPPORT SERVICES - 1.7% | ||||||||
94,407 | Healthcare Services Group, Inc. | 2,980,429 | ||||||
ELECTRIC UTILITIES - 3.4% | ||||||||
67,802 | Avista Corp. | 2,893,111 | ||||||
48,851 | NorthWestern Corp. | 2,941,807 | ||||||
5,834,918 | ||||||||
ENGINEERING & CONSTRUCTION - 1.7% | ||||||||
37,144 | Comfort Systems USA, Inc. | 2,926,576 | ||||||
FOOD - 3.7% | ||||||||
194,392 | Hostess Brands, Inc. * | 3,147,206 | ||||||
18,681 | J & J Snack Foods Corp. | 3,258,153 | ||||||
6,405,359 | ||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 1.8% | ||||||||
42,453 | UFP Industries, Inc. | 3,155,956 | ||||||
GAS & WATER UTILITIES - 0.9% | ||||||||
57,280 | South Jersey Industries, Inc. | 1,485,270 | ||||||
HEALTH CARE FACILITIES & SERVICES - 1.2% | ||||||||
40,769 | Aveanna Healthcare Holdings, Inc. * | 504,313 | ||||||
51,347 | Patterson Companies, Inc. | 1,560,435 | ||||||
2,064,748 | ||||||||
HOME CONSTRUCTION - 4.5% | ||||||||
47,319 | Century Communities, Inc. * | 3,148,606 | ||||||
60,854 | Griffon Corp. | 1,559,688 | ||||||
27,526 | Masonite International Corp. * | 3,077,132 | ||||||
7,785,426 | ||||||||
HOUSEHOLD PRODUCTS - 1.7% | ||||||||
61,399 | Central Garden & Pet Co. * | 2,965,572 |
Schedule of Investments | Small Cap Value Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
INDUSTRIAL INTERMEDIATE PRODUCTS - 0.9% | ||||||||
28,208 | AZZ, Inc. | $ | 1,460,610 | |||||
INSTITUTIONAL FINANCIAL SERVICES - 3.6% | ||||||||
54,538 | Moelis & Co. | 3,102,667 | ||||||
23,353 | Piper Sandler Companies | 3,025,615 | ||||||
6,128,282 | ||||||||
INSURANCE - 3.1% | ||||||||
55,251 | Argo Group International Holdings Ltd. | 2,863,659 | ||||||
66,781 | James River Group Holdings Ltd. | 2,505,623 | ||||||
5,369,282 | ||||||||
LEISURE FACILITIES & SERVICES - 5.2% | ||||||||
51,146 | Bloomin Brands, Inc. * | 1,388,102 | ||||||
41,611 | Chuys Holdings, Inc. * | 1,550,426 | ||||||
27,111 | Jack in the Box, Inc. | 3,021,250 | ||||||
28,942 | Papa Johns International, Inc. | 3,022,702 | ||||||
8,982,480 | ||||||||
MACHINERY - 5.5% | ||||||||
9,579 | Alamo Group, Inc. | 1,462,522 | ||||||
49,831 | Altra Industrial Motion Corp. | 3,240,012 | ||||||
34,776 | Columbus McKinnon Corp. | 1,677,594 | ||||||
76,718 | Federal Signal Corp. | 3,086,365 | ||||||
9,466,493 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 3.7% | ||||||||
21,684 | CONMED Corp. | 2,980,032 | ||||||
51,762 | Merit Medical Systems, Inc. * | 3,346,931 | ||||||
6,326,963 | ||||||||
METALS & MINING - 1.0% | ||||||||
21,568 | Encore Wire Corp. | 1,634,639 | ||||||
OIL & GAS PRODUCERS - 2.8% | ||||||||
86,202 | Brigham Minerals, Inc. | 1,835,241 | ||||||
65,660 | PDC Energy, Inc. | 3,006,571 | ||||||
4,841,812 | ||||||||
REAL ESTATE OWNERS & DEVELOPERS - 0.8% | ||||||||
99,681 | Radius Global Infrastructure, Inc. * | 1,445,375 | ||||||
RETAIL - DISCRETIONARY - 4.3% | ||||||||
38,570 | Academy Sports & Outdoors, Inc. * | 1,590,627 | ||||||
49,244 | Monro, Inc. | 3,127,486 | ||||||
60,341 | Sonic Automotive, Inc. | 2,699,656 | ||||||
7,417,769 | ||||||||
SEMICONDUCTORS - 1.8% | ||||||||
133,838 | Amkor Technology, Inc. * | 3,167,945 | ||||||
TECHNOLOGY HARDWARE - 2.0% | ||||||||
191,447 | Viavi Solutions, Inc. * | 3,380,954 | ||||||
TECHNOLOGY SERVICES - 1.9% | ||||||||
138,070 | Repay Holdings Corp. * | 3,319,203 | ||||||
TOTAL COMMON STOCK (Cost $109,271,392) | 139,213,277 | |||||||
EXCHANGE TRADED FUND (A) - 11.2% | ||||||||
580,000 | Timothy Plan US Small Cap Core ETF (Cost $14,834,080) | 19,335,228 | ||||||
REITs - 6.6% | ||||||||
29,931 | Community Healthcare Trust Inc | 1,420,525 | ||||||
39,001 | Easterly Government Properties, Inc. | 822,141 | ||||||
62,552 | National Storage Affiliates Trust | 3,162,629 | ||||||
82,399 | Plymouth Industrial REIT, Inc. | 1,649,628 | ||||||
29,571 | PotlatchDeltic Corp. | 1,571,699 | ||||||
171,467 | Summit Hotel Properties, Inc. * | 1,599,787 | ||||||
63,258 | Urban Edge Properties | 1,208,228 | ||||||
TOTAL REITs (Cost $10,118,960) | 11,434,637 |
Schedule of Investments | Small Cap Value Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
MONEY MARKET FUND - 1.7% | ||||||||
2,860,547 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (B) | $ | 2,860,547 | |||||
(Cost $2,860,547) | ||||||||
TOTAL INVESTMENTS - 100.3% (Cost $137,084,979) | $ | 172,843,689 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.3)% | (563,013 | ) | ||||||
NET ASSETS - 100.0% | $ | 172,280,676 |
* | Non-income producing securities. |
ETF - Exchange Traded Fund.
REITs - Real Estate Investment Trusts.
(A) | Affiliated Fund. |
(B) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Large/Mid Cap Value Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK - 69.8% | ||||||||
AEROSPACE/DEFENSE - 1.8% | ||||||||
23,063 | General Dynamics Corp. | $ | 4,341,840 | |||||
ASSET MANAGEMENT - 1.9% | ||||||||
61,114 | Charles Schwab Corp. | 4,449,710 | ||||||
BANKING - 3.5% | ||||||||
49,718 | BOK Financial Corp. | 4,305,579 | ||||||
42,473 | Western Alliance Bancorp | 3,943,618 | ||||||
8,249,197 | ||||||||
CABLE & SATELLITE - 1.9% | ||||||||
2,330 | Cable One, Inc. | 4,456,847 | ||||||
CHEMICALS - 2.0% | ||||||||
17,211 | Sherwin-Williams Co. | 4,689,137 | ||||||
DIVERSIFIED INDUSTRIALS - 3.7% | ||||||||
29,061 | Eaton Corp. PLC | 4,306,259 | ||||||
20,741 | Honeywell International, Inc. | 4,549,538 | ||||||
8,855,797 | ||||||||
ELECTRIC UTILITIES - 3.4% | ||||||||
66,757 | CMS Energy Corp. | 3,944,004 | ||||||
47,840 | WEC Energy Group, Inc. | 4,255,368 | ||||||
8,199,372 | ||||||||
ELECTRICAL EQUIPMENT - 0.9% | ||||||||
11,559 | Hubbell, Inc. | 2,159,684 | ||||||
FOOD - 3.4% | ||||||||
30,466 | JM Smucker Co. | 3,947,480 | ||||||
47,305 | McCormick & Co., Inc. | 4,177,978 | ||||||
8,125,458 | ||||||||
INSTITUTIONAL FINANCIAL SERVICES - 1.9% | ||||||||
37,499 | Intercontinental Exchange, Inc. | 4,451,131 | ||||||
INSURANCE - 1.7% | ||||||||
29,413 | Arthur J. Gallagher & Co. | 4,120,173 | ||||||
MACHINERY - 3.5% | ||||||||
34,530 | Curtiss-Wright Corp. | 4,100,783 | ||||||
24,437 | Middleby Corp. * | 4,233,955 | ||||||
8,334,738 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 5.5% | ||||||||
28,845 | PerkinElmer, Inc. | 4,453,956 | ||||||
21,065 | STERIS PLC | 4,345,710 | ||||||
26,329 | Zimmer Biomet Holdings, Inc. | 4,234,230 | ||||||
13,033,896 | ||||||||
METALS & MINING - 1.9% | ||||||||
124,975 | Freeport-McMoRan, Inc. | 4,637,822 | ||||||
OIL & GAS PRODUCERS - 3.3% | ||||||||
44,205 | EOG Resources, Inc. | 3,688,465 | ||||||
54,685 | Valero Energy Corp. | 4,269,805 | ||||||
7,958,270 | ||||||||
RETAIL - CONSUMER STAPLES - 1.9% | ||||||||
21,164 | Dollar General Corp. | 4,579,678 | ||||||
RETAIL - DISCRETIONARY - 5.7% | ||||||||
7,830 | OReilly Automotive, Inc. * | 4,433,424 | ||||||
35,895 | Ross Stores, Inc. | 4,450,980 | ||||||
24,858 | Tractor Supply Co. | 4,625,080 | ||||||
13,509,484 |
Schedule of Investments | Large/Mid Cap Value Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
SEMICONDUCTORS - 10.3% | ||||||||
6,385 | ASML Holding N.V. (ADR) | $ | 4,411,013 | |||||
9,957 | Broadcom, Inc. | 4,747,896 | ||||||
30,061 | Microchip Technology, Inc. | 4,501,334 | ||||||
13,515 | Monolithic Power Systems, Inc. | 5,047,177 | ||||||
7,259 | NVIDIA Corp. | 5,807,926 | ||||||
24,515,346 | ||||||||
SOFTWARE - 6.1% | ||||||||
34,505 | Cadence Design Systems, Inc. * | 4,720,974 | ||||||
18,155 | Synopsys, Inc. * | 5,006,967 | ||||||
10,793 | Tyler Technologies, Inc. * | 4,882,429 | ||||||
14,610,370 | ||||||||
TECHNOLOGY SERVICES - 1.8% | ||||||||
16,536 | CACI International, Inc. * | 4,218,664 | ||||||
TRANSPORTATION & LOGISTICS - 1.9% | ||||||||
20,188 | Union Pacific Corp. | 4,439,947 | ||||||
TRANSPORTATION EQUIPMENT - 1.8% | ||||||||
53,361 | Westinghouse Air Brake Technologies Corp. | 4,391,610 | ||||||
TOTAL COMMON STOCK (Cost $120,085,095) | 166,328,171 | |||||||
EXCHANGE TRADED FUNDS (A) - 25.0% | ||||||||
920,000 | Timothy Plan High Dividend Stock ETF | 27,480,400 | ||||||
920,000 | Timothy Plan US Large/Mid Cap Core ETF | 32,118,672 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $46,064,400) | 59,599,072 | |||||||
REITs - 3.9% | ||||||||
22,044 | Crown Castle International Corp. | 4,300,784 | ||||||
16,913 | Public Storage | 5,085,570 | ||||||
TOTAL REITs (Cost $6,754,975) | 9,386,354 | |||||||
MONEY MARKET FUND - 1.4% | ||||||||
3,207,058 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (B) | 3,207,058 | ||||||
(Cost $3,207,058) | ||||||||
TOTAL INVESTMENTS - 100.1% (Cost $176,111,528) | $ | 238,520,655 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - ( 0.1)% | (209,893 | ) | ||||||
NET ASSETS - 100.0% | $ | 238,310,762 |
* | Non-income producing securities. |
ADR - American Depositary Receipt
ETF - Exchange Traded Fund.
PLC - Public Limited Co.
REITs - Real Estate Investment Trusts.
(A) | Affiliated Funds. |
(B) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Fixed Income Fund |
As of June 30, 2021 (Unaudited) |
Par Value | Coupon Rate (%) | Maturity | Fair Value | |||||||||
BONDS & NOTES - 97.3% | ||||||||||||
CORPORATE BONDS - 34.1% | ||||||||||||
$ | 1,000,000 | ABB Finance USA, Inc. | 2.875 | 5/8/2022 | $ | 1,022,224 | ||||||
2,205,000 | American Electric Power, Inc. | 3.200 | 11/13/2027 | 2,385,631 | ||||||||
2,210,000 | Aptiv Corp. | 4.150 | 3/15/2024 | 2,399,436 | ||||||||
1,000,000 | Canadian Pacific Railway Co. | 2.900 | 2/1/2025 | 1,062,598 | ||||||||
1,000,000 | CBOE Global Markets, Inc. | 3.650 | 1/12/2027 | 1,114,367 | ||||||||
1,580,000 | Columbia Pipeline Group, Inc. | 4.500 | 6/1/2025 | 1,776,207 | ||||||||
2,190,000 | CSX Corp. | 3.250 | 6/1/2027 | 2,406,295 | ||||||||
1,520,000 | Digital Realty Trust LP | 3.700 | 8/15/2027 | 1,703,286 | ||||||||
1,575,000 | Dollar General Corp. | 4.125 | 5/1/2028 | 1,807,196 | ||||||||
750,000 | Eaton Corp. | 2.750 | 11/2/2022 | 774,371 | ||||||||
1,000,000 | Enable Midstream Partners LP | 3.900 | 5/15/2024 | 1,063,803 | ||||||||
855,000 | European Investment Bank | 2.375 | 6/15/2022 | 873,213 | ||||||||
2,200,000 | Healthpeak Properties, Inc. | 3.500 | 7/15/2029 | 2,437,012 | ||||||||
861,954 | John Sevier Combined Cycle Generation LLC | 4.626 | 1/15/2042 | 1,047,608 | ||||||||
865,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 6/15/2022 | 881,282 | ||||||||
1,212,000 | LYB International Finance BV | 4.000 | 7/15/2023 | 1,295,488 | ||||||||
855,000 | National Rural Utilities Cooperative Finance Corp. | 2.950 | 2/7/2024 | 903,638 | ||||||||
2,185,000 | NiSource, Inc. | 3.490 | 5/15/2027 | 2,406,770 | ||||||||
1,570,000 | Nutrien Ltd. | 4.000 | 12/15/2026 | 1,772,851 | ||||||||
2,240,000 | Phillips 66 Partners LP | 3.605 | 2/15/2025 | 2,415,855 | ||||||||
2,235,000 | Province of Ontario Canada | 2.500 | 4/27/2026 | 2,392,900 | ||||||||
865,000 | Province of Quebec Canada | 2.375 | 1/31/2022 | 875,974 | ||||||||
2,235,000 | Sunoco Logistics Partners LP | 4.250 | 4/1/2024 | 2,411,409 | ||||||||
1,200,000 | Ventas Capital Corp. | 3.250 | 8/15/2022 | 1,228,049 | ||||||||
1,577,000 | WEC Energy Group, Inc. | 3.550 | 6/15/2025 | 1,725,970 | ||||||||
1,000,000 | Zimmer Biomet Holdings, Inc. | 3.700 | 3/19/2023 | 1,051,605 | ||||||||
TOTAL CORPORATE BONDS (Cost $39,455,260) | 41,235,038 | |||||||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 63.2% | ||||||||||||
GOVERNMENT MORTGAGE-BACKED SECURITIES - 27.3% | ||||||||||||
1,676,041 | FNMA Pool CA8997 | 3.000 | 2/1/2051 | 1,787,838 | ||||||||
1,118,969 | FNMA Pool CB0855 | 3.000 | 6/1/2051 | 1,187,423 | ||||||||
1,108,784 | FNMA Pool CB0867 | 3.500 | 6/1/2051 | 1,182,318 | ||||||||
1,159,549 | FNMA Pool FM4053 | 2.500 | 8/1/2050 | 1,207,891 | ||||||||
1,722,292 | FNMA Pool FM5537 | 2.000 | 1/1/2036 | 1,778,989 | ||||||||
1,530,351 | FNMA Pool MA4258 | 3.500 | 2/1/2051 | 1,628,456 | ||||||||
1,392,043 | FNMA Pool MA4316 | 2.500 | 4/1/2036 | 1,458,537 | ||||||||
1,442,129 | FNMA Pool MA4329 | 2.000 | 5/1/2036 | 1,489,604 | ||||||||
1,760,998 | FNMA Pool MA4333 | 2.000 | 5/1/2041 | 1,794,068 | ||||||||
871,098 | FNMA Pool MA4366 | 2.500 | 6/1/2041 | 906,297 | ||||||||
165,100 | GNMA Pool G2 4520 | 5.000 | 8/20/2039 | 187,210 | ||||||||
216,821 | GNMA Pool G2 4947 | 5.000 | 2/20/2041 | 245,866 | ||||||||
859,957 | GNMA Pool G2 BN2662 | 3.000 | 10/20/2049 | 899,051 | ||||||||
437,125 | GNMA Pool G2 MA3376 | 3.500 | 1/20/2046 | 465,611 | ||||||||
285,521 | GNMA Pool G2 MA3596 | 3.000 | 4/20/2046 | 300,880 | ||||||||
779,694 | GNMA Pool G2 MA3663 | 3.500 | 5/20/2046 | 830,754 | ||||||||
284,930 | GNMA Pool G2 MA3736 | 3.500 | 6/20/2046 | 303,092 | ||||||||
483,746 | GNMA Pool G2 MA4004 | 3.500 | 10/20/2046 | 515,746 | ||||||||
314,714 | GNMA Pool G2 MA4509 | 3.000 | 6/20/2047 | 334,037 | ||||||||
408,056 | GNMA Pool G2 MA4652 | 3.500 | 8/20/2047 | 432,569 | ||||||||
514,277 | GNMA Pool G2 MA4719 | 3.500 | 9/20/2047 | 544,023 | ||||||||
525,416 | GNMA Pool G2 MA4778 | 3.500 | 10/20/2047 | 558,636 | ||||||||
431,346 | GNMA Pool G2 MA4901 | 4.000 | 12/20/2047 | 460,684 | ||||||||
378,980 | GNMA Pool G2 MA4963 | 4.000 | 1/20/2048 | 403,516 | ||||||||
423,851 | GNMA Pool G2 MA6092 | 4.500 | 8/20/2049 | 452,016 | ||||||||
479,942 | GNMA Pool G2 MA6156 | 4.500 | 9/20/2049 | 511,009 | ||||||||
427,354 | GNMA Pool G2 MA6221 | 4.500 | 10/20/2049 | 456,194 | ||||||||
739,761 | GNMA Pool G2 MA6338 | 3.000 | 12/20/2049 | 772,320 | ||||||||
454,094 | GNMA Pool G2 MA6477 | 4.500 | 2/20/2050 | 483,857 | ||||||||
654,624 | GNMA Pool G2 MA6478 | 5.000 | 2/20/2050 | 710,414 | ||||||||
713,901 | GNMA Pool G2 MA6544 | 4.500 | 3/20/2050 | 760,112 | ||||||||
510,695 | GNMA Pool G2 MA6545 | 5.000 | 3/20/2050 | 551,485 | ||||||||
597,597 | GNMA Pool G2 MA6600 | 3.500 | 4/20/2050 | 627,775 |
Schedule of Investments | Fixed Income Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Par Value | Coupon Rate (%) | Maturity | Fair Value | |||||||||
GOVERNMENT MORTGAGE-BACKED SECURITIES (Continued) - 27.3% | ||||||||||||
$ | 525,090 | GNMA Pool G2 MA6601 | 4.000 | 4/20/2050 | $ | 555,742 | ||||||
523,096 | GNMA Pool G2 MA6603 | 5.000 | 4/20/2050 | 564,767 | ||||||||
1,434,032 | GNMA Pool G2 MA7255 | 2.500 | 3/20/2051 | 1,486,279 | ||||||||
774,053 | GNMA Pool G2 MA7370 | 4.000 | 5/20/2051 | 825,821 | ||||||||
945,000 | GNMA Pool G2 MA7418 | 2.500 | 6/20/2051 | 980,802 | ||||||||
1,775,000 | GNMA Pool G2 MA7419 | 3.000 | 6/20/2051 | 1,864,825 | ||||||||
26,218 | GNMA Pool GN 723248 | 5.000 | 10/15/2039 | 30,482 | ||||||||
341,499 | GNMA Pool GN 783060 | 4.000 | 8/15/2040 | 372,365 | ||||||||
132,633 | GNMA Pool GN 783403 | 3.500 | 9/15/2041 | 142,360 | ||||||||
TOTAL GOVERNMENT MORTGAGE-BACKED SECURITIES (Cost $32,884,139) | 33,051,721 | |||||||||||
GOVERNMENT NOTES & BONDS - 35.9% | ||||||||||||
2,165,000 | United States Treasury Note | 2.250 | 11/15/2024 | 2,289,488 | ||||||||
13,070,000 | United States Treasury Note | 2.000 | 8/15/2025 | 13,760,770 | ||||||||
8,260,000 | United States Treasury Note | 1.625 | 2/15/2026 | 8,567,169 | ||||||||
9,635,000 | United States Treasury Note | 1.500 | 2/15/2030 | 9,738,877 | ||||||||
4,540,000 | United States Treasury Note | 4.500 | 2/15/2036 | 6,238,421 | ||||||||
1,000,000 | United States Treasury Note | 2.250 | 5/15/2041 | 1,041,875 | ||||||||
1,560,000 | United States Treasury Note | 3.000 | 2/15/2049 | 1,869,074 | ||||||||
TOTAL GOVERNMENT NOTES & BONDS (Cost $42,812,190) | 43,505,674 | |||||||||||
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost $75,696,329) | 76,557,395 | |||||||||||
TOTAL BONDS AND NOTES (Cost $115,151,589) | 117,792,433 | |||||||||||
Shares | ||||||||||||
MONEY MARKET FUND - 5.1% | ||||||||||||
6,134,265 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (A) | 6,134,265 | ||||||||||
(Cost $6,134,265) | ||||||||||||
TOTAL INVESTMENTS - 102.4% (Cost $121,285,854) | $ | 123,926,698 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (2.4)% | (2,809,188 | ) | ||||||||||
NET ASSETS - 100.0% | $ | 121,117,510 |
FNMA - Federal National Mortgage Association.
GNMA - Government National Mortgage Association.
LLC - Limited Liability Company.
LP - Limited Partnership.
PLC - Public Limited Co.
(A) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | High Yield Bond Fund |
As of June 30, 2021 (Unaudited) |
Par Value | Coupon Rate (%) | Maturity | Fair Value | |||||||||
CORPORATE BONDS - 92.3% | ||||||||||||
$ | 500,000 | Adient Global Holdings Ltd. (A) | 4.875 | 8/15/2026 | $ | 515,240 | ||||||
500,000 | AerCap Global Aviation Trust, 3 mo. LIBOR + 4.30% (A)(B) | 6.500 | 6/15/2045 | 537,532 | ||||||||
3,000,000 | Air Lease Corp. (B) | 4.650 | 6/15/2170 | 3,116,250 | ||||||||
1,000,000 | Alliance Data Systems Corp. (A) | 7.000 | 1/15/2026 | 1,073,250 | ||||||||
1,000,000 | Alliance Resource Operating Partners LP (A) | 7.500 | 5/1/2025 | 979,890 | ||||||||
1,125,000 | Allied Universal Holdco LLC (A) | 4.625 | 6/1/2028 | 1,128,648 | ||||||||
500,000 | AHP Health Partners, Inc. (A) | 5.750 | 7/15/2029 | 507,500 | ||||||||
1,000,000 | Ashton Woods Finance Co. (A) | 6.750 | 8/1/2025 | 1,039,895 | ||||||||
293,000 | Ashton Woods Finance Co. (A) | 9.875 | 4/1/2027 | 328,734 | ||||||||
500,000 | Ashton Woods Finance Co. (A) | 6.625 | 1/15/2028 | 534,598 | ||||||||
125,000 | Atlas LuxCompany (A) | 4.625 | 6/1/2028 | 125,608 | ||||||||
250,000 | Bausch Health Cos, Inc. (A) | 5.000 | 1/30/2028 | 237,500 | ||||||||
250,000 | Bausch Health Cos, Inc. (A) | 4.875 | 6/1/2028 | 255,625 | ||||||||
125,000 | Bausch Health Cos, Inc. (A) | 5.000 | 2/15/2029 | 116,721 | ||||||||
1,000,000 | Bausch Health Cos, Inc. (A) | 5.250 | 1/30/2030 | 931,250 | ||||||||
50,000 | Bausch Health Cos, Inc. (A) | 5.250 | 2/15/2031 | 46,815 | ||||||||
1,050,000 | Beacon Roofing Supply, Inc. (A) | 4.125 | 5/15/2029 | 1,048,730 | ||||||||
500,000 | Bidfair Holdings, Inc. (A) | 5.875 | 6/1/2029 | 508,125 | ||||||||
2,500,000 | Burford Capital Global Finance LLC (A) | 6.250 | 4/15/2028 | 2,629,150 | ||||||||
500,000 | BWX Technologies, Inc. (A) | 5.375 | 7/15/2026 | 513,537 | ||||||||
500,000 | BWX Technologies, Inc. (A) | 4.125 | 6/30/2028 | 510,108 | ||||||||
500,000 | BWX Technologies, Inc. (A) | 4.125 | 4/15/2029 | 510,020 | ||||||||
500,000 | Cascades, Inc. (A) | 5.125 | 1/15/2026 | 534,152 | ||||||||
500,000 | Catalent Pharma Solutions, Inc. (A) | 3.125 | 2/15/2029 | 484,908 | ||||||||
250,000 | Cemex SAB de CV (A) | 3.875 | 7/11/2031 | 254,438 | ||||||||
1,000,000 | Central Garden & Pet Co. (A) | 4.125 | 4/30/2031 | 1,014,050 | ||||||||
500,000 | Chemours Co. | 7.000 | 5/15/2025 | 516,640 | ||||||||
1,500,000 | Chemours Co. (A) | 5.750 | 11/15/2028 | 1,606,875 | ||||||||
522,000 | Clarios Global LP (A) | 6.250 | 5/15/2026 | 556,583 | ||||||||
1,000,000 | Clarios Global LP (A) | 8.500 | 5/15/2027 | 1,091,450 | ||||||||
1,500,000 | Colgate Energy Partners III, LLC (A) | 5.875 | 7/1/2029 | 1,556,250 | ||||||||
1,000,000 | CommScope, Inc. (A) | 8.250 | 3/1/2027 | 1,070,050 | ||||||||
750,000 | CommScope, Inc. (A) | 7.125 | 7/1/2028 | 813,832 | ||||||||
1,000,000 | Compass Minerals International, Inc. (A) | 6.750 | 12/1/2027 | 1,076,250 | ||||||||
1,072,000 | CQP Holdco, LP (A) | 5.500 | 6/15/2031 | 1,118,353 | ||||||||
250,000 | Crestwood Midstream Finance Corp. | 5.750 | 4/1/2025 | 257,550 | ||||||||
1,500,000 | Crestwood Midstream Finance Corp. (A) | 5.625 | 5/1/2027 | 1,543,800 | ||||||||
1,000,000 | Crowdstrike Holdings, Inc. | 3.000 | 2/15/2029 | 1,002,200 | ||||||||
500,000 | DCP Midstream, LLC, 3 mo. LIBOR + 3.85% (A)(B) | 5.850 | 5/21/2043 | 464,887 | ||||||||
350,000 | Diamond Sports Finance Co. (A) | 5.375 | 8/15/2026 | 227,500 | ||||||||
1,000,000 | Diversified Healthcare Trust | 9.750 | 6/15/2025 | 1,108,815 | ||||||||
250,000 | DT Midstream, Inc. (A) | 4.125 | 6/15/2029 | 254,145 | ||||||||
750,000 | DT Midstream, Inc. (A) | 4.375 | 6/15/2031 | 765,000 | ||||||||
1,694,000 | Dycom Industries, Inc. (A) | 4.500 | 4/15/2029 | 1,710,863 | ||||||||
500,000 | Emergent BioSolutions, Inc. (A) | 3.875 | 8/15/2028 | 490,505 | ||||||||
115,000 | Freedom Mortgage Corp. (A) | 8.125 | 11/15/2024 | 119,285 | ||||||||
1,000,000 | Freedom Mortgage Corp. (A) | 8.250 | 4/15/2025 | 1,047,065 | ||||||||
500,000 | Freedom Mortgage Corp. (A) | 7.625 | 5/1/2026 | 521,147 | ||||||||
1,000,000 | Freedom Mortgage Corp. (A) | 6.625 | 1/15/2027 | 1,008,370 | ||||||||
500,000 | Genesis Energy LP | 7.750 | 2/1/2028 | 515,680 | ||||||||
2,125,000 | Geo Group, Inc. | 5.125 | 4/1/2023 | 2,021,406 | ||||||||
250,000 | GFL Environmental, Inc. (A) | 3.750 | 8/1/2025 | 257,188 | ||||||||
1,550,000 | GFL Environmental, Inc. (A) | 4.000 | 8/1/2028 | 1,533,454 | ||||||||
50,000 | GFL Environmental, Inc. (A) | 4.750 | 6/15/2029 | 51,760 | ||||||||
1,000,000 | Global Partners LP | 7.000 | 8/1/2027 | 1,062,000 | ||||||||
1,000,000 | Goodyear Tire & Rubber Co. | 5.625 | 4/30/2033 | 1,056,060 | ||||||||
500,000 | Graham Packaging Co., Inc. (A) | 7.125 | 8/15/2028 | 540,155 | ||||||||
500,000 | Gray Television, Inc. (A) | 7.000 | 5/15/2027 | 542,255 | ||||||||
1,250,000 | Gray Television, Inc. (A) | 4.750 | 10/15/2030 | 1,247,225 | ||||||||
3,000,000 | Howard Hughes Corp. (A) | 4.375 | 2/1/2031 | 2,995,140 | ||||||||
250,000 | Icahn Enterprises Finance Corp. | 4.750 | 9/15/2024 | 261,576 | ||||||||
1,000,000 | Icahn Enterprises Finance Corp. | 6.250 | 5/15/2026 | 1,062,700 | ||||||||
1,000,000 | Icahn Enterprises Finance Corp. (A) | 4.375 | 2/1/2029 | 998,275 | ||||||||
2,455,000 | ILFC E-Capital Trust I (A)(B) | 3.660 | 12/21/2065 | 2,038,215 | ||||||||
1,000,000 | ILFC E-Capital Trust II (A)(B) | 3.910 | 12/21/2065 | 854,550 | ||||||||
100,000 | Ingles Markets, Inc. (A) | 4.000 | 6/15/2031 | 100,000 | ||||||||
1,500,000 | iStar, Inc. | 5.500 | 2/15/2026 | 1,575,413 |
Schedule of Investments | High Yield Bond Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Par Value | Coupon Rate (%) | Maturity | Fair Value | |||||||||
CORPORATE BONDS - 92.3% (Cont.) | ||||||||||||
$ | 125,000 | ITT Holdings, LLC (A) | 6.500 | 8/1/2029 | $ | 127,858 | ||||||
250,000 | Jazz Securities (A) | 4.375 | 1/15/2029 | 259,513 | ||||||||
250,000 | Jefferies Finance LLC (A) | 6.250 | 6/3/2026 | 262,500 | ||||||||
750,000 | Kaiser Aluminum Corp. (A) | 4.500 | 6/1/2031 | 770,940 | ||||||||
500,000 | Ken Garff Automotive LLC (A) | 4.875 | 9/15/2028 | 511,878 | ||||||||
1,500,000 | Koppers, Inc. (A) | 6.000 | 2/15/2025 | 1,553,273 | ||||||||
750,000 | Ladder Capital Finance Corp. (A) | 4.250 | 2/1/2027 | 749,400 | ||||||||
750,000 | Legacy LifePoint Health LLC (A) | 4.375 | 2/15/2027 | 757,688 | ||||||||
250,000 | LifePoint Health, Inc. (A) | 5.375 | 1/15/2029 | 244,104 | ||||||||
250,000 | Lithia Motors, Inc. (A) | 3.875 | 6/1/2029 | 259,450 | ||||||||
1,000,000 | Lithia Motors, Inc. (A) | 4.375 | 1/15/2031 | 1,072,495 | ||||||||
1,250,000 | LPL Holdings, Inc. (A) | 4.000 | 3/15/2029 | 1,259,706 | ||||||||
500,000 | LPL Holdings, Inc. (A) | 4.375 | 5/15/2031 | 506,930 | ||||||||
250,000 | Madison IAQ, LLC (A) | 4.125 | 6/30/2028 | 252,813 | ||||||||
750,000 | Mercer International, Inc. (A) | 5.125 | 2/1/2029 | 772,688 | ||||||||
1,000,000 | MGIC Investment Corp. | 5.250 | 8/15/2028 | 1,061,250 | ||||||||
2,000,000 | Midwest Connector Capital Co. LLC (A) | 4.625 | 4/1/2029 | 2,129,287 | ||||||||
500,000 | MSCI, Inc. (A) | 3.625 | 11/1/2031 | 513,510 | ||||||||
500,000 | Nationstar Mortgage Holdings, Inc. (A) | 6.000 | 1/15/2027 | 519,140 | ||||||||
250,000 | Nationstar Mortgage Holdings, Inc. (A) | 5.500 | 8/15/2028 | 252,825 | ||||||||
500,000 | Navient Corp. | 7.250 | 9/25/2023 | 553,253 | ||||||||
2,000,000 | New Residential Investment Corp. (A) | 6.250 | 10/15/2025 | 2,005,900 | ||||||||
250,000 | NRG Energy, Inc. (A) | 3.375 | 2/15/2029 | 245,503 | ||||||||
250,000 | NRG Energy, Inc. (A) | 3.625 | 2/15/2031 | 245,988 | ||||||||
1,000,000 | NuStar Logistics LP | 5.625 | 4/28/2027 | 1,074,220 | ||||||||
1,000,000 | Olin Corp. | 5.625 | 8/1/2029 | 1,109,406 | ||||||||
775,000 | PBF Holding Co. LLC | 7.250 | 6/15/2025 | 593,898 | ||||||||
500,000 | PBF Holding Co. LLC | 6.000 | 2/15/2028 | 343,145 | ||||||||
1,000,000 | PBF Holding Co. LLC (A) | 9.250 | 5/15/2025 | 1,008,695 | ||||||||
125,000 | PHH Mortgage Corp. (A) | 7.875 | 3/15/2026 | 129,313 | ||||||||
1,500,000 | Plastipak Holdings, Inc. (A) | 6.250 | 10/15/2025 | 1,538,887 | ||||||||
2,000,000 | Polar US Borrower, LLC (A) | 6.750 | 5/15/2026 | 2,006,540 | ||||||||
1,500,000 | Rent-A-Center, Inc. (A) | 6.375 | 2/15/2029 | 1,613,625 | ||||||||
500,000 | Scotts Miracle-Gro Co. (A) | 4.000 | 4/1/2031 | 500,050 | ||||||||
1,500,000 | SeaWorld Parks & Entertainment, Inc. (A) | 9.500 | 8/1/2025 | 1,610,647 | ||||||||
1,250,000 | Service Properties Trust | 7.500 | 9/15/2025 | 1,416,803 | ||||||||
500,000 | Service Properties Trust | 5.500 | 12/15/2027 | 534,690 | ||||||||
500,000 | Spirit AeroSystems, Inc. (A) | 5.500 | 1/15/2025 | 532,775 | ||||||||
1,000,000 | Standard Industries, Inc. (A) | 5.000 | 2/15/2027 | 1,036,875 | ||||||||
1,500,000 | STL Holding Co. LLC (A) | 7.500 | 2/15/2026 | 1,582,500 | ||||||||
1,000,000 | Suburban Propane Partners LP | 5.875 | 3/1/2027 | 1,052,400 | ||||||||
1,250,000 | Targa Resources Partners LP | 5.500 | 3/1/2030 | 1,376,275 | ||||||||
500,000 | TEGNA, Inc. (A) | 4.750 | 3/15/2026 | 533,125 | ||||||||
390,000 | Tenet Healthcare Corp. (A) | 4.625 | 9/1/2024 | 401,060 | ||||||||
1,000,000 | Tenet Healthcare Corp. (A) | 6.250 | 2/1/2027 | 1,045,000 | ||||||||
1,759,000 | TMS International Holding Corp. (A) | 6.250 | 4/15/2029 | 1,849,148 | ||||||||
1,250,000 | TriMas Corp. (A) | 4.125 | 4/15/2029 | 1,268,600 | ||||||||
500,000 | Trinity Industries, Inc. | 4.550 | 10/1/2024 | 534,165 | ||||||||
500,000 | TTM Technologies, Inc. (A) | 4.000 | 3/1/2029 | 503,655 | ||||||||
1,000,000 | Twilio, Inc. | 3.625 | 3/15/2029 | 1,021,250 | ||||||||
1,500,000 | United Natural Foods, Inc. (A) | 6.750 | 10/15/2028 | 1,617,285 | ||||||||
500,000 | Vista Outdoor, Inc. (A) | 4.500 | 3/15/2029 | 510,355 | ||||||||
750,000 | Vistra Operations Co. LLC (A) | 5.625 | 2/15/2027 | 779,062 | ||||||||
250,000 | Vistra Operations Co. LLC (A) | 4.375 | 5/1/2029 | 251,562 | ||||||||
1,185,000 | Vizient, Inc. (A) | 6.250 | 5/15/2027 | 1,252,912 | ||||||||
1,500,000 | Waste Pro USA, Inc. (A) | 5.500 | 2/15/2026 | 1,553,760 | ||||||||
500,000 | Weekley Finance Corp. (A) | 4.875 | 9/15/2028 | 519,230 | ||||||||
TOTAL CORPORATE BONDS (Cost $103,301,946) | 107,711,546 | |||||||||||
CONVERTIBLE BONDS - 4.2% | ||||||||||||
OIL & GAS PRODUCERS - 2.8% | ||||||||||||
3,775,000 | Cheniere Energy, Inc. | 4.250 | 3/15/2045 | 3,217,085 | ||||||||
SPECIALTY FINANCE - 1.4% | ||||||||||||
1,275,000 | MGIC Investment Corp. (A) | 9.000 | 4/1/2063 | 1,679,812 | ||||||||
TOTAL CONVERTIBLE BONDS (Cost $4,333,154) | 4,896,897 |
Schedule of Investments | High Yield Bond Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
PREFERRED STOCK - 0.5% | ||||||||
INDUSTRIAL SUPPORT SERVICES - 0.5% | ||||||||
17,500 | WESCO International, Inc., 0.625% (Cost $463,058) | $ | 540,575 | |||||
MONEY MARKET FUND - 3.3% | ||||||||
3,870,654 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (C) | |||||||
(Cost $3,870,654) | 3,870,654 | |||||||
TOTAL INVESTMENTS - 100.3% (Cost $111,968,812) | $ | 117,019,672 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.3)% | (290,456 | ) | ||||||
NET ASSETS - 100.0% | $ | 116,729,216 |
LIBOR - London Interbank Offered Rate. The 3 month U.S. LIBOR rate as of June 30, 2021 is 0.15%.
LLC - Limited Liability Company.
LP - Limited Partnership.
(A) | 144A Security - Security exempt from registration under Rule 144A of the Securities Act of 1933. The 144A securities had a fair value of $85,164,313 and represent 72.96% of total net assets. The securities may be resold in transactions exempt from registration typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid. |
(B) | Variable rate security; the interest rate shown reflects the effective rate at June 30, 2021. |
(C) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Israel Common Values Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK - 95.0% | ||||||||
AEROSPACE & DEFENSE - 2.3% | ||||||||
18,501 | Elbit Systems Ltd. | $ | 2,400,505 | |||||
APPAREL & TEXTILE PRODUCTS - 3.3% | ||||||||
24,063 | Delta Galil Industries Ltd. | 996,933 | ||||||
21,392 | Fox Wizel Ltd. | 2,451,365 | ||||||
3,448,298 | ||||||||
AUTOMOTIVE - 0.1% | ||||||||
2,333 | Electreon Wireless Ltd. * | 140,832 | ||||||
BANKING - 16.1% | ||||||||
108,000 | Bank Hapoalim BM (ADR) * | 4,309,200 | ||||||
629,000 | Bank Leumi Le-Israel BM * | 4,779,512 | ||||||
58,300 | First International Bank Of Israel Ltd. * | 1,867,890 | ||||||
532,000 | Israel Discount Bank Ltd. * | 2,533,878 | ||||||
105,000 | Mizrahi Tefahot Bank Ltd. * | 3,235,231 | ||||||
16,725,711 | ||||||||
BIOTECH & PHARMA - 1.3% | ||||||||
39,000 | Compugen Ltd. * | 322,920 | ||||||
450,000 | Enlight Renewable Energy Ltd. * | 966,012 | ||||||
6,000 | NRX Pharmaceuticals, Inc. * | 69,720 | ||||||
1,358,652 | ||||||||
CHEMICALS - 2.1% | ||||||||
309,902 | ICL Group Ltd. | 2,125,928 | ||||||
CONSTRUCTION MATERIALS - 0.8% | ||||||||
178,000 | Inrom Construction Industries Ltd. | 819,395 | ||||||
E-COMMERCE DISCRETIONARY - 0.5% | ||||||||
9,100 | Global-e Online Ltd. * | 519,428 | ||||||
ELECTRIC UTILITIES - 1.9% | ||||||||
28,700 | Ormat Technologies, Inc. | 1,995,536 | ||||||
FOOD - 1.4% | ||||||||
50,500 | Strauss Group Ltd. | 1,414,186 | ||||||
HEALTH CARE FACILITIES & SERVICES - 4.0% | ||||||||
12,769 | Danel Adir Yeoshua Ltd. | 2,676,454 | ||||||
1,575,013 | Novolog Ltd. | 1,450,066 | ||||||
4,126,520 | ||||||||
HOME & OFFICE PRODUCTS - 2.3% | ||||||||
116,585 | Maytronics Ltd. | 2,429,734 | ||||||
INSTITUTIONAL FINANCIAL SERVICES - 2.5% | ||||||||
415,685 | Tel Aviv Stock Exchange Ltd. | 2,569,248 | ||||||
INSURANCE - 4.9% | ||||||||
184,000 | Harel Insurance Investments & Financial Services Ltd. | 1,823,907 | ||||||
1,230,000 | Migdal Insurance & Financial Holding Ltd. * | 1,694,860 | ||||||
167,400 | Phoenix Holdings Ltd. * | 1,565,345 | ||||||
5,084,112 | ||||||||
INTERNET MEDIA & SERVICES - 1.2% | ||||||||
5,100 | Fiverr International Ltd. * | 1,236,699 | ||||||
LEISURE FACILITIES & SERVICES - 0.9% | ||||||||
10,300 | Fattal Holdings 1998 Ltd. * | 979,583 | ||||||
MEDICAL EQUIPMENT & DEVICES - 1.0% | ||||||||
4,700 | Novocure Ltd. * | 1,042,554 |
Schedule of Investments | Israel Common Values Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
OIL & GAS PRODUCERS - 4.0% | ||||||||
62,968 | Energean Oil & Gas PLC * | $ | 621,088 | |||||
5,600 | Israel Corp. Ltd. * | 1,697,272 | ||||||
2,000,000 | Oil Refineries Ltd. * | 515,575 | ||||||
7,000 | Paz Oil Co. Ltd. | 859,721 | ||||||
1,175,000 | Ratio Oil Exploration 1992 LP * | 487,885 | ||||||
4,181,541 | ||||||||
REAL ESTATE OWNERS & DEVELOPERS - 11.8% | ||||||||
105,000 | Alony Hetz Properties & Investments Ltd. | 1,462,943 | ||||||
176,000 | Amot Investments Ltd. | 1,154,789 | ||||||
31,000 | Azrieli Group Ltd. | 2,183,367 | ||||||
40,000 | Elco Ltd. | 2,381,464 | ||||||
160,000 | Gav-Yam Lands Corp Ltd. | 1,532,484 | ||||||
100,000 | Gazit-Globe Ltd. | 721,498 | ||||||
16,380 | Melisron Ltd. * | 1,120,955 | ||||||
593,430 | Mivne Real Estate KD Ltd. | 1,721,011 | ||||||
12,278,511 | ||||||||
RENEWABLE ENERGY - 1.8% | ||||||||
216,360 | Energix-Renewable Energies Ltd. | 830,646 | ||||||
3,600 | SolarEdge Technologies, Inc. * | 994,932 | ||||||
1,825,578 | ||||||||
RETAIL - CONSUMER STAPLES - 3.3% | ||||||||
18,200 | Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 1,197,508 | ||||||
210,000 | Shufersal Ltd. | 1,671,751 | ||||||
27,315 | Victory Supermarket Chain Ltd. | 562,730 | ||||||
3,431,989 | ||||||||
SEMICONDUCTORS - 6.0% | ||||||||
39,000 | Nova Measuring Instruments Ltd. * | 4,012,710 | ||||||
74,423 | Tower Semiconductor Ltd. * | 2,190,269 | ||||||
6,202,979 | ||||||||
SOFTWARE - 14.4% | ||||||||
29,500 | Cognyte Software Ltd. * | 722,750 | ||||||
13,800 | CyberArk Software Ltd. * | 1,797,726 | ||||||
33,435 | Hilan Ltd. | 1,613,007 | ||||||
600 | Monday.com Ltd. * | 134,154 | ||||||
22,900 | Nice Ltd. (ADR) * | 5,666,834 | ||||||
60,000 | One Software Technologies Ltd. | 899,678 | ||||||
45,300 | Sapiens International Corp. NV | 1,190,031 | ||||||
34,200 | Varonis Systems, Inc. * | 1,970,604 | ||||||
21,500 | Verint Systems, Inc. * | 969,004 | ||||||
14,963,788 | ||||||||
TECHNOLOGY HARDWARE - 2.0% | ||||||||
17,800 | AudioCodes Ltd. | 589,002 | ||||||
11,600 | Kornit Digital Ltd. * | 1,442,228 | ||||||
2,031,230 | ||||||||
TECHNOLOGY SERVICES - 2.8% | ||||||||
86,783 | Magic Software Enterprises Ltd. | 1,408,488 | ||||||
56,210 | Matrix IT Ltd. | 1,520,093 | ||||||
2,928,581 | ||||||||
WHOLESALE - DISCRETIONARY - 2.3% | ||||||||
20,300 | Tadiran Holdings Ltd. | 2,410,956 | ||||||
TOTAL COMMON STOCK (Cost $52,307,185) | 98,672,074 |
Schedule of Investments | Israel Common Values Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
REITs - 1.3% | ||||||||
259,000 | Reit 1 Ltd. * (Cost $1,256,747) | $ | 1,368,722 | |||||
MONEY MARKET FUND - 3.7% | ||||||||
3,835,638 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (A) | 3,835,638 | ||||||
(Cost $3,835,638) | ||||||||
TOTAL INVESTMENTS - 100.0% (Cost $57,399,570) | $ | 103,876,434 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.0)% | (40,614 | ) | ||||||
NET ASSETS - 100.0% | $ | 103,835,820 |
* | Non-income producing securities. |
ADR - American Depositary Receipt.
LP - Limited Partnership.
PLC - Public Limited Co.
REITs - Real Estate Investment Trusts.
(A) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Diversification of Assets | ||||
Country | % of Net Assets | |||
Israel | 89.9 | % | ||
United States | 4.8 | % | ||
Jersey | 1.0 | % | ||
United Kingdom | 0.6 | % | ||
Total | 96.3 | % | ||
Money Market Fund | 3.7 | % | ||
Grand Total | 100.0 | % |
Schedule of Investments | Defensive Strategies Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
COMMON STOCK & RIGHTS - 21.3% | ||||||||
AEROSPACE & DEFENSE - 0.1% | ||||||||
1,863 | Suez S.A. * | $ | 44,297 | |||||
AUTOMOTIVE - 0.1% | ||||||||
2,400 | NGK Insulators Ltd. | 40,306 | ||||||
CHEMICALS - 3.0% | ||||||||
4,993 | CF Industries Holdings, Inc. | 256,890 | ||||||
1,297 | Chemours Co. | 45,136 | ||||||
6,651 | Corteva, Inc. | 294,972 | ||||||
1,605 | FMC Corp. | 173,661 | ||||||
3,251 | K+S AG * | 44,260 | ||||||
5,702 | Mosaic Co. | 181,951 | ||||||
7,069 | Nutrien Ltd | 428,452 | ||||||
682 | OCI N.V. * | 16,596 | ||||||
1,463 | Sasol Ltd. (ADR) * | 22,428 | ||||||
4,104 | Sociedad Quimica Y Minera de Chile, SA (ADR) | 194,242 | ||||||
1,658,588 | ||||||||
CONSTRUCTION MATERIALS - 0.2% | ||||||||
2,400 | AGC, Inc. | 100,766 | ||||||
DIVERSIFIED INDUSTRIALS - 0.2% | ||||||||
1,894 | Pentair PLC | 127,826 | ||||||
FOOD - 0.9% | ||||||||
428 | Bakkafrost P/F * | 35,363 | ||||||
356 | Beyond Meat, Inc. * | 56,066 | ||||||
8,982 | BRF SA (ADR) * | 49,132 | ||||||
545 | Cal-Maine Foods, Inc. | 19,734 | ||||||
948 | Darling Ingredients, Inc. * | 63,990 | ||||||
743 | Fresh Del Monte Produce, Inc. | 24,430 | ||||||
815 | Ingredion, Inc. | 73,758 | ||||||
1,100 | Maple Leaf Foods, Inc. | 22,856 | ||||||
600 | Morinaga Milk Industry Co. Ltd. | 31,300 | ||||||
4,700 | Nippon Suisan Kaisha Ltd. | 22,401 | ||||||
1,279 | Pilgrims Pride Corp. * | 28,368 | ||||||
255 | Sanderson Farms, Inc. | 47,932 | ||||||
475,330 | ||||||||
FORESTRY, PAPER & WOOD PRODUCTS - 0.0% ** | ||||||||
600 | Canfor Corp. * | 13,741 | ||||||
900 | Sumitomo Forestry Co. Ltd. | 16,501 | ||||||
30,242 | ||||||||
GAS & WATER UTILITIES - 0.9% | ||||||||
403 | American States Water Co. | 32,063 | ||||||
671 | American Water Works Co., Inc. | 103,421 | ||||||
437 | California Water Service Group | 24,271 | ||||||
5,672 | Cia de Saneamento Basico do Estado de Sao Paulo (ADR) | 41,973 | ||||||
539 | Essential Utilities, Inc. | 24,632 | ||||||
1,328 | Pennon Group PLC | 20,831 | ||||||
1,154 | Severn Trent PLC | 39,871 | ||||||
1,944 | United Utilities Group PLC | 26,168 | ||||||
6,518 | Veolia Environnement SA | 196,875 | ||||||
510,105 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 0.7% | ||||||||
48,754 | Brookdale Senior Living, Inc. * | 385,157 | ||||||
INTERNET MEDIA & SERVICES - 0.0% ** | ||||||||
944 | PhosAgro (ADR) | 19,107 | ||||||
MACHINERY - 1.3% | ||||||||
779 | AGCO Corp. | 101,566 | ||||||
4,046 | CNH Industrial NV * | 67,649 | ||||||
687 | Deere & Co. | 242,312 | ||||||
3,026 | Evoqua Water Technologies Corp. * | 102,218 | ||||||
7,900 | Kubota Corp. | 159,936 | ||||||
700 | Kurita Water Industries Ltd. | 33,616 | ||||||
707,297 | ||||||||
METALS & MINING - 4.5% | ||||||||
1,501 | Agnico Eagle Mines Ltd. | 90,735 | ||||||
8,525 | Alamos Gold, Inc. | 65,216 | ||||||
2,243 | Anglo American PLC | 89,007 | ||||||
2,708 | AngloGold Ashanti Ltd. (ADR) | 50,315 | ||||||
1,391 | Antofagasta PLC | 27,585 |
Schedule of Investments | Defensive Strategies Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
METALS & MINING - 4.5% (Continued) | ||||||||
22,898 | B2Gold Corp. | $ | 96,401 | |||||
1,550 | BHP Group Ltd. (ADR) | 112,887 | ||||||
234 | BHP Group PLC (ADR) | 13,967 | ||||||
2,352 | Cameco Corp. | 45,111 | ||||||
3,247 | Cia De Minas Buenaventura (ADR) * | 29,385 | ||||||
964 | Cleveland-Cliffs, Inc. * | 20,784 | ||||||
413 | Compass Minerals International, Inc. | 24,474 | ||||||
3,700 | Endeavour Mining PLC | 79,540 | ||||||
137 | First Majestic Silver Corp. | 2,166 | ||||||
2,600 | First Quantum Minerals Ltd. | 59,987 | ||||||
542 | Franco-Nevada Corp. | 78,628 | ||||||
2,135 | Freeport-McMoRan, Inc. | 79,230 | ||||||
8,858 | Gold Fields Ltd. (ADR) | 78,836 | ||||||
2,400 | Hudbay Minerals, Inc. | 15,990 | ||||||
21,177 | Kinross Gold Corp. | 134,474 | ||||||
2,802 | Kirkland Lake Gold Ltd. | 108,093 | ||||||
1,334 | Lithium Americas Corp. * | 19,797 | ||||||
3,123 | Livent Corp. * | 60,461 | ||||||
300 | Lundin Mining Corp. | 2,709 | ||||||
4,231 | MMC Norilsk Nickel PJSC (ADR) | 144,150 | ||||||
2,632 | Newmont Corp. | 166,816 | ||||||
3,416 | Pan American Silver Corp. | 97,595 | ||||||
766 | Rio Tinto PLC (ADR) | 64,260 | ||||||
730 | Royal Gold, Inc. | 83,293 | ||||||
1,144 | Southern Copper Corp. | 73,582 | ||||||
835 | SSR Mining, Inc. | 13,018 | ||||||
2,300 | Sumitomo Metal Mining Co. Ltd. | 89,625 | ||||||
2,543 | Teck Resources Ltd. * | 58,631 | ||||||
6,674 | Vale SA (ADR) | 152,234 | ||||||
1,249 | Vedanta Ltd. (ADR) | 17,736 | ||||||
2,489 | Wheaton Precious Metals Corp. | 109,690 | ||||||
8,737 | Yamana Gold, Inc. | 36,870 | ||||||
2,493,278 | ||||||||
OIL & GAS PRODUCERS - 5.8% | ||||||||
4,673 | APA Corp. | 101,077 | ||||||
20,300 | ARC Resources Ltd | 172,951 | ||||||
8,106 | Cabot Oil & Gas Corp. | 141,531 | ||||||
8,383 | Canadian Natural Resources Ltd. | 304,135 | ||||||
290 | Cenovus Energy, Inc. | 2,778 | ||||||
1,701 | CNX Resources Corp. * | 23,236 | ||||||
4,626 | ConocoPhillips | 281,723 | ||||||
4,251 | Continental Resources, Inc. | 161,666 | ||||||
475 | Devon Energy Corp. | 13,865 | ||||||
888 | Diamondback Energy, Inc. | 83,374 | ||||||
1,026 | Ecopetrol SA (ADR) | 15,000 | ||||||
819 | Eni SpA (ADR) | 19,975 | ||||||
2,543 | EOG Resources, Inc. | 212,188 | ||||||
127 | EQT Corp. * | 2,827 | ||||||
463 | Hess Corp. | 40,429 | ||||||
34,900 | Inpex Corp. | 260,673 | ||||||
2,222 | Lukoil PJSC (ADR) | 205,802 | ||||||
1,380 | Magnolia Oil & Gas Corp. * | 21,569 | ||||||
6,109 | Marathon Oil Corp. | 83,205 | ||||||
711 | Murphy Oil Corp. | 16,552 | ||||||
306 | Novatek OJSC (GDR) | 67,106 | ||||||
7,365 | Occidental Petroleum Corp. | 230,304 | ||||||
1,141 | Ovintiv, Inc. | 35,907 | ||||||
2,800 | Parex Resources, Inc. * | 46,806 | ||||||
1,556 | PDC Energy, Inc. | 71,249 | ||||||
3,018 | Petroleo Brasileiro SA (ADR) | 36,910 | ||||||
927 | Pioneer Natural Resources Co. | 150,656 | ||||||
8,242 | Rosneft Oil Company (GDR) | 63,793 | ||||||
2,126 | SM Energy Co. | 52,363 | ||||||
9,131 | Southwestern Energy Co. * | 51,773 | ||||||
4,500 | Suncor Energy, Inc. | 107,894 | ||||||
4,100 | Tourmaline Oil Corp. | 117,308 | ||||||
504 | YPF SA (ADR) * | 2,359 | ||||||
3,198,984 | ||||||||
OIL & GAS SERVICES & EQUIPMENT - 1.2% | ||||||||
2,211 | Archrock, Inc. | 19,700 | ||||||
2,582 | Baker Hughes, Inc. | 59,050 | ||||||
2,561 | ChampionX Corp. * | 65,690 | ||||||
6,953 | Halliburton Co. | 160,753 |
Schedule of Investments | Defensive Strategies Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Fair Value | |||||||
OIL & GAS SERVICES & EQUIPMENT (Continued) - 1.2% | ||||||||
3,172 | Helmerich & Payne, Inc. | $ | 103,502 | |||||
2,874 | NOV, Inc. * | 44,030 | ||||||
3,391 | Patterson-UTI Energy, Inc. | 33,707 | ||||||
4,683 | Schlumberger Ltd. | 149,903 | ||||||
733 | TechnipFMC PLC (France) * | 6,575 | ||||||
1,311 | TechnipFMC PLC * | 11,865 | ||||||
654,775 | ||||||||
RENEWABLE ENERGY- 0.8% | ||||||||
975 | Atlantica Sustainable Infrastructure PLC | 36,290 | ||||||
1,878 | Ballard Power Systems, Inc. * | 34,029 | ||||||
1,074 | Canadian Solar, Inc. * | 48,158 | ||||||
278 | Enphase Energy, Inc. * | 51,049 | ||||||
438 | First Solar, Inc. * | 39,643 | ||||||
1,300 | GS Yuasa Corp. | 33,206 | ||||||
2,163 | Plug Power, Inc. * | 73,953 | ||||||
476 | Renewable Energy Group, Inc. * | 29,674 | ||||||
183 | SolarEdge Technologies, Inc. * | 50,576 | ||||||
259 | Varta AG * | 39,929 | ||||||
436,507 | ||||||||
STEEL - 1.1% | ||||||||
365 | Allegheny Technologies, Inc. * | 7,610 | ||||||
1,575 | ArcelorMittal (ADR) | 48,920 | ||||||
3,376 | Commercial Metals Co. | 103,711 | ||||||
15,931 | Gerdau SA (ADR) | 93,993 | ||||||
2,300 | Hitachi Metals Ltd. * | 44,015 | ||||||
3,900 | JFE Holdings, Inc. | 45,715 | ||||||
3,100 | Kobe Steel Ltd. | 19,914 | ||||||
6,400 | Nippon Steel & Sumitomo Metal Corp. | 108,031 | ||||||
475 | Novolipetskiy Metallurgicheskiy Kombinat PAO (ADR) | 14,963 | ||||||
782 | Severstal (ADR) | 16,813 | ||||||
841 | Ternium S.A. (ADR) | 32,345 | ||||||
2,893 | United States Steel Corp. | 69,432 | ||||||
605,462 | ||||||||
TELECOMMUNICATIONS - 0.3% | ||||||||
7,020 | Switch, Inc. | 148,192 | ||||||
WHOLESALE - CONSUMER STAPLES - 0.2% | ||||||||
1,360 | Bunge Ltd. | 106,284 | ||||||
TOTAL COMMON STOCK & RIGHTS (Cost $9,039,240) | 11,742,503 | |||||||
EXCHANGE TRADED FUND - 1.9% | ||||||||
50,000 | Invesco DB US Dollar Index Bearish Fund * (Cost - $1,082,743) | 1,054,000 | ||||||
REITs - 20.0% | ||||||||
11,500 | Alexander & Baldwin, Inc. | 210,680 | ||||||
8,000 | American Assets Trust, Inc. | 298,320 | ||||||
5,000 | American Campus Communities, Inc. | 233,600 | ||||||
13,000 | American Homes 4 Rent | 505,050 | ||||||
1,525 | American Tower Corp. | 411,964 | ||||||
10,600 | Americold Realty Trust | 401,210 | ||||||
13,000 | Armada Hoffler Properties, Inc. | 172,770 | ||||||
1,200 | AvalonBay Communities, Inc. | 250,428 | ||||||
3,000 | Camden Property Trust | 398,010 | ||||||
9,000 | Cousins Properties, Inc. | 331,020 | ||||||
4,000 | Crown Castle International Corp. | 780,400 | ||||||
4,000 | CTO Realty Growth, Inc. | 214,080 | ||||||
1,500 | Digital Realty Trust, Inc. | 225,690 | ||||||
1,020 | Equinix, Inc. | 818,652 | ||||||
900 | Essex Property Trust, Inc. | 270,009 | ||||||
12,500 | Getty Realty Corp. | 389,375 | ||||||
8,000 | Healthcare Realty Trust, Inc. | 241,600 | ||||||
14,000 | Invitation Homes, Inc. | 522,060 | ||||||
4,000 | Life Storage, Inc. | 429,400 | ||||||
14,000 | Plymouth Industrial REIT, Inc. | 280,280 | ||||||
998 | PotlatchDeltic Corp. | 53,044 | ||||||
7,300 | Prologis, Inc. | 872,569 | ||||||
1,600 | Public Storage | 481,104 | ||||||
690 | Rayonier, Inc. | 24,792 | ||||||
2,550 | SBA Communications Corp. | 812,685 | ||||||
1,800 | Sun Communities, Inc. | 308,520 | ||||||
7,400 | Ventas, Inc. | 422,540 |
Schedule of Investments | Defensive Strategies Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Shares | Coupon Rate % | Maturity | Fair Value | |||||||||
REITs (Continued)- 20.0% | ||||||||||||
6,700 | Welltower, Inc. | $ | 556,770 | |||||||||
1,726 | Weyerhaeuser Co. | 59,409 | ||||||||||
TOTAL REITS (Cost $9,034,921) | 10,976,031 | |||||||||||
Principal | Coupon Rate % | Maturity | ||||||||||
TREASURY INFLATION PROTECTED SECURITIES (TIPS) - 26.6% | ||||||||||||
$ | 1,115,917 | TIPS | 0.125 | 1/15/2024 | 1,202,082 | |||||||
991,732 | TIPS | 0.125 | 1/15/2025 | 1,152,900 | ||||||||
867,854 | TIPS | 0.625 | 1/15/2026 | 1,021,570 | ||||||||
1,066,021 | TIPS | 2.375 | 1/15/2027 | 1,306,923 | ||||||||
1,245,059 | TIPS | 2.000 | 1/15/2028 | 1,397,286 | ||||||||
1,236,498 | TIPS | 2.375 | 1/15/2028 | 1,495,831 | ||||||||
1,274,444 | TIPS | 1.750 | 1/15/2029 | 1,476,357 | ||||||||
1,007,519 | TIPS | 2.500 | 1/15/2029 | 1,299,172 | ||||||||
2,426,206 | TIPS | 0.875 | 1/15/2031 | 2,674,314 | ||||||||
1,073,134 | TIPS | 0.125 | 2/15/2041 | 1,621,587 | ||||||||
TOTAL TREASURY INFLATION PROTECTED SECURITIES (TIPS) (Cost $11,809,650) | 14,648,022 | |||||||||||
Shares | ||||||||||||
CLOSED END FUND - 5.0% | ||||||||||||
299,000 | Sprott Physical Silver Trust * (Cost $2,904,152) | 2,774,720 | ||||||||||
Ounces | ||||||||||||
ALTERNATIVE INVESTMENTS - 19.8% | ||||||||||||
6,143 | Gold Bars * (Cost $7,240,876) | 10,873,800 | ||||||||||
Shares | ||||||||||||
MONEY MARKET FUND - 6.6% | ||||||||||||
3,618,877 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (A) | 3,618,877 | ||||||||||
(Cost $3,618,877) | ||||||||||||
TOTAL INVESTMENTS - 101.2% (Cost $44,730,459) | $ | 55,687,953 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (1.2)% | (676,414 | ) | ||||||||||
NET ASSETS - 100.0% | $ | 55,011,539 |
* | Non-income producing securities/investments. |
** | Less than 0.05%. |
ADR - American Depositary Receipt.
GDR - Global Depositary Receipt.
PLC - Public Limited Co.
REITs - Real Estate Investment Trusts.
(A) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Strategic Growth Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
EXCHANGE TRADED FUNDS (A) - 56.9% | ||||||||
101,933 | Timothy Plan High Dividend Stock ETF | $ | 3,044,739 | |||||
324,361 | Timothy Plan International ETF | 9,429,174 | ||||||
199,969 | Timothy Plan US Large/Mid Cap Core ETF | 6,981,238 | ||||||
111,831 | Timothy Plan US Small Cap Core ETF | 3,728,065 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $18,042,070) | 23,183,216 | |||||||
MUTUAL FUNDS - 40.5% (B) | ||||||||
213,508 | Timothy Plan Defensive Strategies Fund * | 2,907,978 | ||||||
711,276 | Timothy Plan Fixed Income Fund | 7,461,282 | ||||||
204,553 | Timothy Plan High Yield Bond Fund | 2,033,252 | ||||||
317,554 | Timothy Plan International Fund * | 4,093,265 | ||||||
TOTAL MUTUAL FUNDS (Cost $14,890,741) | 16,495,777 | |||||||
MONEY MARKET FUND - 2.7% | ||||||||
1,085,118 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (C) | 1,085,118 | ||||||
(Cost $1,085,118) | ||||||||
TOTAL INVESTMENTS - 100.1% (Cost $34,017,929) | $ | 40,764,111 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.1)% | (23,642 | ) | ||||||
NET ASSETS - 100.0% | $ | 40,740,469 |
* | Non-income producing securities. |
ETF - Exchange Traded Fund.
(A) | Affiliated Funds. |
(B) | Affiliated Funds - Class A. |
(C) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Conservative Growth Fund |
As of June 30, 2021 (Unaudited) |
Shares | Fair Value | |||||||
EXCHANGE TRADED FUNDS (A) - 39.2% | ||||||||
62,062 | Timothy Plan High Dividend Stock ETF | $ | 1,853,792 | |||||
258,144 | Timothy Plan International ETF | 7,504,246 | ||||||
215,521 | Timothy Plan US Large/Mid Cap Core ETF | 7,524,183 | ||||||
113,423 | Timothy Plan US Small Cap Core ETF | 3,781,137 | ||||||
TOTAL EXCHANGE FUNDS (Cost $15,733,963) | 20,663,358 | |||||||
MUTUAL FUNDS - 57.8% (B) | ||||||||
239,372 | Timothy Plan Defensive Strategies Fund * | 3,260,253 | ||||||
1,987,049 | Timothy Plan Fixed Income Fund | 20,844,141 | ||||||
294,267 | Timothy Plan High Yield Bond Fund | 2,925,010 | ||||||
269,931 | Timothy Plan International Fund * | 3,479,412 | ||||||
TOTAL MUTUAL FUNDS (Cost $28,707,519) | 30,508,816 | |||||||
MONEY MARKET FUND - 3.0% | ||||||||
1,569,270 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (C) | 1,569,270 | ||||||
(Cost $1,569,270) | ||||||||
TOTAL INVESTMENTS - 100.0% (Cost $46,010,752) | $ | 52,741,444 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.0)% | (381 | ) | ||||||
NET ASSETS - 100.0% | $ | 52,741,063 |
* | Non-income producing securities. |
ETF - Exchange Traded Fund.
(A) | Affiliated Funds. |
(B) | Affiliated Funds - Class A. |
(C) | Variable rate security; the rate shown represents the yield at June 30, 2021. |
Schedule of Investments | Growth & Income Fund |
As of June 30, 2021 (Unaudited) |
Par Value | Coupon Rate (%) | Maturity | Fair Value | |||||||||
BONDS & NOTES - 30.6% | ||||||||||||
CORPORATE BONDS - 14.7% | ||||||||||||
$ | 60,000 | ABB Finance USA, Inc. | 2.875 | 5/8/2022 | $ | 61,322 | ||||||
160,000 | American Electric Power Company, Inc. | 3.200 | 11/13/2027 | 172,871 | ||||||||
160,000 | Aptiv Corp. | 4.150 | 3/15/2024 | 173,612 | ||||||||
55,000 | Canadian Pacific Railway Co. | 2.900 | 2/1/2025 | 58,393 | ||||||||
55,000 | CBOE Global Markets, Inc. | 3.650 | 1/12/2027 | 61,206 | ||||||||
85,000 | Columbia Pipeline Group, Inc. | 4.500 | 6/1/2025 | 95,435 | ||||||||
160,000 | CSX Corp. | 3.250 | 6/1/2027 | 175,618 | ||||||||
135,000 | Digital Realty Trust LP | 3.700 | 8/15/2027 | 151,182 | ||||||||
80,000 | Dollar General Corp. | 4.125 | 5/1/2028 | 91,687 | ||||||||
120,000 | Eaton Corp. | 2.750 | 11/2/2022 | 123,875 | ||||||||
110,000 | Energy Transfer LP | 4.250 | 4/1/2024 | 118,624 | ||||||||
45,000 | European Investment Bank | 2.375 | 6/15/2022 | 45,948 | ||||||||
120,000 | Healthpeak Properties, Inc. | 3.500 | 7/15/2029 | 132,628 | ||||||||
45,000 | Kreditanstalt fuer Wiederaufbau | 2.125 | 6/15/2022 | 45,837 | ||||||||
114,000 | LYB International Finance BV | 4.000 | 7/15/2023 | 121,806 | ||||||||
120,000 | National Rural Utilities Cooperative Finance Corp. | 2.950 | 2/7/2024 | 126,710 | ||||||||
110,000 | NiSource, Inc. | 3.490 | 5/15/2027 | 121,049 | ||||||||
85,000 | Nutrien Ltd. | 4.000 | 12/15/2026 | 95,825 | ||||||||
160,000 | Phillips 66 Partners LP | 3.605 | 2/15/2025 | 172,390 | ||||||||
120,000 | Province of Ontario Canada | 2.500 | 4/27/2026 | 128,274 | ||||||||
45,000 | Province of Quebec Canada | 2.375 | 1/31/2022 | 45,562 | ||||||||
190,000 | Ventas Capital Corp. | 3.250 | 8/15/2022 | 194,408 | ||||||||
142,000 | WEC Energy Group, Inc. | 3.550 | 6/15/2025 | 155,242 | ||||||||
60,000 | Zimmer Biomet Holdings, Inc. | 3.700 | 3/19/2023 | 63,063 | ||||||||
TOTAL CORPORATE BONDS (Cost $2,584,896) | 2,732,567 | |||||||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 15.9% | ||||||||||||
GOVERNMENT MORTGAGE-BACKED SECURITIES - 9.4% | ||||||||||||
68,410 | FNMA FN CA8897 | 3.000 | 2/1/2051 | 72,952 | ||||||||
54,949 | FNMA FN CB0855 | 3.000 | 6/1/2051 | 58,294 | ||||||||
54,693 | FNMA FN CB0867 | 3.500 | 6/1/2051 | 58,304 | ||||||||
71,762 | FNMA FN FM5537 | 2.000 | 1/1/2036 | 74,102 | ||||||||
14,227 | FNMA FN MA4258 | 3.500 | 2/1/2051 | 15,134 | ||||||||
53,540 | FNMA FN MA4316 | 2.500 | 4/1/2036 | 56,081 | ||||||||
24,694 | FNMA FN MA4329 | 2.000 | 5/1/2036 | 25,499 | ||||||||
74,408 | FNMA FN MA4333 | 2.000 | 5/1/2041 | 75,782 | ||||||||
60,197 | GNMA Pool G2 BN2662 | 3.000 | 10/20/2049 | 62,915 | ||||||||
77,762 | GNMA Pool G2 MA3376 | 3.500 | 1/20/2046 | 82,805 | ||||||||
59,378 | GNMA Pool G2 MA3596 | 3.000 | 4/20/2046 | 62,554 | ||||||||
51,980 | GNMA Pool G2 MA3663 | 3.500 | 5/20/2046 | 55,367 | ||||||||
68,599 | GNMA Pool G2 MA3736 | 3.500 | 6/20/2046 | 72,950 | ||||||||
22,307 | GNMA Pool G2 MA4509 | 3.000 | 6/20/2047 | 23,670 | ||||||||
67,740 | GNMA Pool G2 MA4652 | 3.500 | 8/20/2047 | 71,789 | ||||||||
65,453 | GNMA Pool G2 MA4719 | 3.500 | 9/20/2047 | 69,219 | ||||||||
58,211 | GNMA Pool G2 MA6092 | 4.500 | 8/20/2049 | 62,043 | ||||||||
47,225 | GNMA Pool G2 MA6156 | 4.500 | 9/20/2049 | 50,253 | ||||||||
49,383 | GNMA Pool G2 MA6221 | 4.500 | 10/20/2049 | 52,685 | ||||||||
64,224 | GNMA Pool G2 MA6338 | 3.000 | 12/20/2049 | 67,030 | ||||||||
42,306 | GNMA Pool G2 MA6478 | 5.000 | 2/20/2050 | 45,871 | ||||||||
55,270 | GNMA Pool G2 MA6544 | 4.500 | 3/20/2050 | 58,813 | ||||||||
35,996 | GNMA Pool G2 MA6545 | 5.000 | 3/20/2050 | 38,837 | ||||||||
46,415 | GNMA Pool G2 MA6600 | 3.500 | 4/20/2050 | 48,745 | ||||||||
43,758 | GNMA Pool G2 MA6601 | 4.000 | 4/20/2050 | 46,284 | ||||||||
62,459 | GNMA Pool G2 MA6603 | 5.000 | 4/20/2050 | 67,376 | ||||||||
68,991 | GNMA Pool G2 MA7255 | 2.500 | 3/20/2051 | 71,483 | ||||||||
54,581 | GNMA Pool G2 MA7370 | 4.000 | 5/20/2051 | 58,197 | ||||||||
50,000 | GNMA Pool G2 MA7418 | 2.500 | 6/20/2051 | 51,879 | ||||||||
85,000 | GNMA Pool G2 MA7419 | 3.000 | 6/20/2051 | 89,275 | ||||||||
4,229 | GNMA Pool GN 723248 | 5.000 | 10/15/2039 | 4,913 | ||||||||
TOTAL GOVERNMENT MORTGAGE-BACKED SECURITIES (Cost $1,735,791) | 1,751,101 |
Schedule of Investments | Growth & Income Fund |
As of June 30, 2021 (Unaudited) (Continued) |
Par Value | Coupon Rate (%) | Maturity | Fair Value | |||||||||
GOVERNMENT NOTES, BONDS & AGENCIES - 6.5% | ||||||||||||
$ | 70,000 | United States Treasury Note | 0.125 | 1/15/2024 | $ | 69,576 | ||||||
240,000 | United States Treasury Note | 0.375 | 12/31/2025 | 235,547 | ||||||||
120,000 | United States Treasury Note | 1.625 | 2/15/2026 | 124,430 | ||||||||
295,000 | United States Treasury Note | 1.500 | 2/15/2030 | 298,134 | ||||||||
80,000 | United States Treasury Note | 4.500 | 2/15/2036 | 109,903 | ||||||||
50,000 | United States Treasury Note | 2.250 | 5/15/2041 | 52,078 | ||||||||
130,000 | United States Treasury Note | 3.000 | 2/15/2049 | 155,716 | ||||||||
190,000 | United States Treasury Note | 1.375 | 8/15/2050 | 160,283 | ||||||||
TOTAL GOVERNMENT NOTES, BONDS & AGENCIES (Cost $1,209,972) | 1,205,667 | |||||||||||
TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost $2,945,763) | 2,956,768 | |||||||||||
TOTAL BONDS & NOTES (Cost $5,530,659) | 5,689,335 | |||||||||||
Shares | ||||||||||||
EXCHANGE TRADED FUND (A) - 67.8% | ||||||||||||
422,000 | Timothy Plan High Dividend Stock ETF (Cost $10,365,701) | 12,605,140 | ||||||||||
MONEY MARKET FUND - 1.9% | ||||||||||||
350,700 | Fidelity Institutional Money Market Funds - Government Portfolio - Class I, 0.01% (B) | 350,700 | ||||||||||
(Cost $350,700) | ||||||||||||
TOTAL INVESTMENTS - 100.3% (Cost $16,247,060) | $ | 18,645,175 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - NET - (0.3)% | (42,293 | ) | ||||||||||
NET ASSETS - 100.0% | $ | 18,602,882 |
ETF - Exchange Traded Fund.
FNMA - Federal National Mortgage Association.
GNMA - Government National Mortgage Association.
LP - Limited Partnership.
(A) | Affiliated Fund. |
(B) | Variable rate security; the rate shown represents the yield at June 30, 2021. |