NPORT-EX 2 8000_0000916490.htm HTML

Schedule of Portfolio Investments

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Common Stocks (99.7%)

     

Communication Services (2.3%):

         

Cogent Communications Holdings, Inc.

   1,903    134,809

EW Scripps Co. (The), Class A

   4,088    73,829

Gray Television, Inc.

   6,033    137,673

IDT Corp., Class B(a)

   2,454    102,945

Loral Space & Communications, Inc.

   1,747    75,138

QuinStreet, Inc.(a)

   5,691    99,934

Sciplay Corp., Class A(a)

   4,658    96,374

Shenandoah Telecommunication Co.

   2,765    87,319

Techtarget, Inc.(a)

   1,121    92,393

Telephone & Data Systems, Inc.

   4,977    97,051

TrueCar, Inc.(a)

   13,114    54,554

US Cellular Corp.(a)

   3,422    109,128
      1,161,147

Consumer Discretionary (10.5%):

         

1-800-Flowers.com, Inc., Class A(a)

   2,922    89,150

Adtalem Global Education, Inc.(a)

   3,009    113,770

American Public Education, Inc.(a)

   2,857    73,168

America’s Car-Mart, Inc.(a)

   792    92,490

Beazer Homes USA, Inc.(a)

   3,845    66,326

Big Lots, Inc.

   1,161    50,341

Boot Barn Holdings, Inc.(a)

   1,149    102,112

Camping World Holdings, Inc., Class A

   1,609    62,542

Carriage Services, Inc.

   3,495    155,842

Cavco Industries, Inc.(a)

   495    117,186

Century Communities, Inc.

   1,279    78,595

Citi Trends, Inc.(a)

   1,001    73,033

Clarus Corp.

   7,493    192,046

Container Store Group, Inc. (The)(a)

   3,191    30,378

Duluth Holdings, Inc., Class B(a)

   5,061    68,981

El Pollo Loco Holdings, Inc.(a)

   5,616    94,910

Ethan Allen Interiors, Inc.

   3,883    92,027

Franchise Group, Inc.

   2,777    98,334

Gentherm, Inc.(a)

   1,614    130,621

G-III Apparel Group Ltd.(a)

   2,116    59,883

Green Brick Partners, Inc.(a)

   3,416    70,096

Group 1 Automotive, Inc.

   510    95,819

GrowGeneration Corp.(a)

   751    18,527

Haverty Furniture Cos., Inc.

   2,451    82,623

Hibbett, Inc.

   1,056    74,701

Jack In The Box, Inc.

   1,221    118,840

Johnson Outdoors, Inc., Class A

   867    91,729

Kontoor Brands, Inc.

   1,659    82,867

La Z Boy, Inc.

   3,186    102,685

Lands’ End, Inc.(a)

   2,394    56,355

LGI Homes, Inc.(a)

   599    85,004

Liquidity Services, Inc.(a)

   2,835    61,264

Lumber Liquidators Holdings, Inc.(a)

   2,775    51,837


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Consumer Discretionary (10.5%): (continued)

         

M/I Homes, Inc.(a)

   1,423    82,249

Malibu Boats, Inc.(a)

   1,081    75,648

MarineMax, Inc.(a)

   1,472    71,421

Monro, Inc.

   1,744    100,297

Motorcar Parts of America, Inc.(a)

   4,174    81,393

Nautilus, Inc.(a)

   3,102    28,880

OneWater Marine, Inc.

   1,889    75,957

Papa John’s International, Inc.

   1,212    153,912

Perdoceo Education Corp.(a)

   8,933    94,332

PetMed Express, Inc.

   1,896    50,946

Sally Beauty Holdings, Inc.(a)

   4,035    67,990

Shoe Carnival, Inc.

   2,933    95,088

Skyline Champion Corp.(a)

   1,943    116,697

Smith & Wesson Brands, Inc.

   3,923    81,441

Standard Motor Products

   2,870    125,448

Strategic Education, Inc.

   1,103    77,761

Stride, Inc.(a)

   2,466    88,628

Sturm Ruger & Co.

   1,586    117,015

Superior Group of Cos., Inc.

   2,880    67,075

The Buckle, Inc.

   1,945    77,003

Tri Pointe Group, Inc.(a)

   4,282    90,008

Tupperware Corp.(a)

   1,446    30,540

Turtle Beach Corp.(a)

   2,464    68,548

Universal Electronics, Inc.(a)

   2,060    101,455

Vista Outdoor, Inc.(a)

   2,159    87,029

Winmark Corp.

   943    202,773

Winnebago Industries, Inc.

   1,177    85,274

XPEL, Inc.(a)

   1,050    79,653

Zumiez, Inc.(a)

   1,910    75,942
      5,384,485

Consumer Staples (6.2%):

         

Andersons, Inc. (The)

   2,947    90,856

B&G Foods, Inc.

   3,482    104,077

Cal-Maine Foods, Inc.

   4,721    170,711

Central Garden And Pet Co., Class A(a)

   2,966    127,538

Coca-Cola Consolidated, Inc.

   456    179,746

Edgewell Personal Care Co.

   3,289    119,391

elf Beauty, Inc.(a)

   4,271    124,072

Fresh Del Monte Produce, Inc.

   4,684    150,918

Hostess Brands, Inc.(a)

   14,672    254,853

Ingles Markets, Inc.

   2,261    149,294

Inter Parfums, Inc.

   1,655    123,744

John B. Sanfilippo & Son, Inc.

   1,944    158,864

Medifast, Inc.

   450    86,688

Natural Grocers by Vitamin Cottage, Inc.

   4,486    50,333

Nu Skin Enterprises, Inc., Class A

   2,202    89,115

PriceSmart, Inc.

   1,796    139,280

Seneca Foods Corp., Class A(a)

   2,022    97,501


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Consumer Staples (6.2%): (continued)

         

SpartanNash Co.

   4,730    103,587

Sprouts Farmers Market, Inc.(a)

   4,947    114,622

The Simply Good Foods Co.(a)

   3,710    127,958

Tootsie Roll Industries, Inc.

   3,370    102,549

TreeHouse Foods, Inc.(a)

   2,385    95,114

United Natural Foods, Inc.(a)

   1,838    88,996

Usana Health Sciences, Inc.(a)

   1,398    128,896

Veru, Inc.(a)

   3,265    27,850

Weis Markets, Inc.

   2,920    153,446
      3,159,999

Energy (1.4%):

         

Bonanza Creek Energy, Inc.

   2,124    101,740

Cactus, Inc., Class A

   2,416    91,131

Clean Energy Fuels Corp.(a)

   3,397    27,686

Dorian LPG, Ltd.

   7,470    92,703

Helix Energy Solutions Group, Inc.(a)

   11,591    44,973

International Seaways, Inc.

   8,573    156,200

REX American Resources Corp.(a)

   831    66,372

W&T Offshore, Inc.(a)

   16,217    60,327

World Fuel Services Corp.

   2,391    80,385
      721,517

Financials (25.3%):

         

1st Source Corp.

   2,463    116,352

Allegiance Bancshares, Inc.

   2,829    107,926

American Equity Investment Life Holding Co.

   2,199    65,024

American National Group, Inc.

   1,383    261,428

Amerisafe, Inc.

   2,795    156,967

Atlantic Union Bankshares

   2,506    92,346

Axos Financial, Inc.(a)

   2,315    119,315

B Riley Financial, Inc.

   1,902    112,294

Bancfirst Corp.

   1,328    79,839

BanCorp, Inc. (The)(a)

   4,158    105,821

Banner Corp.

   1,762    97,280

BGC Partners, Inc., Class A

   17,086    89,018

Brightsphere Investment Group, Inc.

   4,773    124,718

Brookline BanCorp, Inc.

   7,495    114,374

Capitol Federal Financial, Inc.

   10,700    122,943

Cathay General BanCorp

   2,572    106,455

City Holding Co.

   1,693    131,902

Columbia Financial, Inc.(a)

   9,317    172,365

Community Trust BanCorp, Inc.

   2,841    119,606

ConnectOne BanCorp, Inc.

   3,742    112,297

Cowen, Inc., Class A

   2,372    81,383

Customers BanCorp, Inc.

   2,686    115,552

CVB Financial Corp.

   5,280    107,554

Dime Community Bancshares, Inc.

   3,101    101,279

eHealth, Inc.(a)

   807    32,683

Employers Holdings, Inc.

   3,758    148,403


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Financials (25.3%): (continued)

         

Encore Capital Group, Inc.(a)

   2,330    114,799

Enova International, Inc.(a)

   2,565    88,621

Enterprise Financial Services Corp.

   2,162    97,895

FB Financial Corp.

   2,456    105,313

Federal Agricultural Mortgage Corp., Class C

   1,426    154,750

Federated Hermes, Inc.

   3,663    119,047

First BanCorp.

   8,197    107,791

First BanCorp/Southern Pines NC

   2,436    104,772

First Busey Corp.

   4,421    108,889

First Commonwealth Financial Corp.

   7,091    96,650

First Financial BanCorp.

   3,849    90,105

First Foundation, Inc.

   4,993    131,316

First Interstate Bancsys, Class A

   2,673    107,615

First Merchants Corp.

   2,273    95,102

First Midwest BanCorp, Inc.

   4,676    88,891

FirstCash, Inc.

   1,914    167,475

Flagstar BanCorp, Inc.

   2,996    152,137

Fulton Financial Corp.

   5,924    90,519

German American BanCorp, Inc.

   2,950    113,958

Great Southern BanCorp, Inc.

   2,349    128,749

Green Dot Corp., Class A(a)

   2,286    115,054

Heartland Financial USA, Inc.

   2,245    107,940

Heritage Financial Corp.

   3,908    99,654

Hilltop Holdings, Inc.

   3,580    116,959

HomeStreet, Inc.

   2,792    114,891

Hope BanCorp, Inc.

   6,488    93,687

Horace Mann Educators

   3,669    145,990

Horizon BanCorp, Inc.

   5,872    106,694

International Bancshares Corp.

   2,425    100,977

James River Group Holdings Ltd.

   2,752    103,833

Kearny Financial Corp.

   9,863    122,597

Lakeland BanCorp, Inc.

   6,192    109,165

Lakeland Financial Corp.

   1,999    142,409

Live Oak Bancshares, Inc.

   1,267    80,619

Merchants BanCorp

   2,769    109,292

Meridian BanCorp, Inc.

   6,076    126,138

Meta Financial Group, Inc.

   1,947    102,179

Mr Cooper Group, Inc.(a)

   3,308    136,190

National Bank Holdings Corp., Class A

   3,065    124,071

National Western Life Group, Inc., Class A

   463    97,503

Navient Corp.

   6,964    137,400

NBT BanCorp, Inc.

   3,122    112,767

Nelnet, Inc., Class A

   2,192    173,694

Nicolet Bankshares, Inc.(a)

   1,789    132,708

NMI Holdings, Inc.(a)

   4,606    104,142

Northfield BanCorp, Inc.

   7,823    134,243

Northwest Bancshares, Inc.

   8,963    119,029

Oceanfirst Financial Corp.

   4,572    97,887

OFG BanCorp

   4,076    102,797


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Financials (25.3%): (continued)

         

Old National BanCorp

   6,652    112,751

Origin BanCorp, Inc.

   2,335    98,887

Palomar Holdings, Inc.(a)

   1,073    86,731

Park National Corp.

   763    93,048

Piper Sandler Cos.

   1,096    151,752

PJT Partners, Inc., Class A

   2,319    183,456

PRA Group, Inc.(a)

   3,704    156,087

Preferred Bank

   1,757    117,157

Premier Financial Corp.

   2,964    94,374

Provident Financial Services, Inc.

   4,764    111,811

Renasant Corp.

   2,795    100,760

S&T BanCorp, Inc.

   2,834    83,518

Safety Insurance Group, Inc.

   2,067    163,810

Sandy Spring BanCorp, Inc.

   2,512    115,100

Seacoast Banking Corp.

   2,851    96,392

Servisfirst Bancshares, Inc.

   2,092    162,758

Silvergate Capital Corp., Class A(a)

   292    33,726

SiriusPoint, Ltd.(a)

   12,948    119,898

Southside Bancshares, Inc.

   3,473    132,981

Stewart Information Services

   2,156    136,389

Stock Yards BanCorp, Inc.

   2,449    143,634

StoneX Group, Inc.(a)

   1,807    119,081

Tompkins Financial Corp.

   1,372    111,009

Towne Bank

   3,667    114,080

TriCo Bancshares

   2,349    101,947

Triumph BanCorp, Inc.(a)

   1,062    106,338

Trustmark Corp.

   3,610    116,314

United Community Banks, Inc.

   3,201    105,057

Univest Financial Corp.

   3,614    98,987

Veritex Holdings, Inc.

   3,258    128,235

Virtus Investment Partners, Inc.

   481    149,264

Washington Federal, Inc.

   3,963    135,971

Washington Trust BanCorp, Inc.

   2,227    117,986

WesBanco, Inc.

   2,919    99,480

Westamerica BanCorp.

   2,386    134,236

World Acceptance Corp.(a)

   528    100,098

WSFS Financial Corp.

   1,975    101,337
      12,964,467

Health Care (9.9%):

         

Accuray, Inc.(a)

   13,363    52,784

Addus Homecare Corp.(a)

   1,157    92,271

Antares Pharma, Inc.(a)

   24,110    87,760

Apollo Medical Holdings, Inc.(a)

   4,701    428,026

Atrion Corp.

   234    163,215

BioDelivery Sciences International, Inc.(a)

   25,626    92,510

Brookdale Senior Living, Inc.(a)

   8,626    54,344

Cara Therapeutics, Inc.(a)

   3,723    57,520

Catalyst Pharmaceuticals, Inc.(a)

   18,889    100,112


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Health Care (9.9%): (continued)

         

Co-Diagnostics, Inc.(a)

   4,237    41,226

Coherus Biosciences, Inc.(a)

   6,978    112,136

Collegium Pharmaceutical, Inc.(a)

   4,244    83,777

Community Health Systems, Inc.(a)

   4,282    50,099

Computer Programs & Systems(a)

   4,077    144,570

Corcept Therapeutics, Inc.(a)

   2,434    47,901

CorVel Corp.(a)

   1,613    300,373

Eagle Pharmaceuticals, Inc.(a)

   3,169    176,767

Fulgent Genetics, Inc.(a)

   413    37,149

Hanger, Inc.(a)

   4,307    94,582

Healthstream, Inc.(a)

   7,745    221,352

InfuSystem Holdings, Inc.(a)

   4,707    61,332

Innoviva, Inc.(a)

   9,979    166,749

Integer Holdings Corp.(a)

   1,242    110,960

Ironwood Pharmaceuticals, Inc.(a)

   11,194    146,194

Lemaitre Vascular, Inc.

   2,181    115,789

ModivCare, Inc.(a)

   746    135,489

National Healthcare Corp.

   1,561    109,239

National Research Corp.

   3,022    127,438

Nextgen Healthcare, Inc.(a)

   5,844    82,400

Orthofix Medical, Inc.(a)

   2,859    108,985

Owens & Minor, Inc.

   960    30,038

Phibro Animal Health Corp., Class A

   4,818    103,780

Prestige Consumer Healthcare, Inc.(a)

   3,823    214,509

Retractable Technologies, Inc.(a)

   3,491    38,506

SIGA Technologies, Inc.(a)

   15,893    117,449

Simulations Plus, Inc.

   1,390    54,905

Supernus Pharmaceuticals, Inc.(a)

   3,052    81,397

Surmodics, Inc.(a)

   2,156    119,874

The Joint Corp.(a)

   1,888    185,062

The Pennant Group, Inc.(a)

   1,407    39,523

Triple-S Management Corp.(a)

   4,566    161,499

U.S. Physical Therapy, Inc.

   849    93,899

Vanda Pharmaceuticals, Inc.(a)

   5,671    97,201

Vericel Corp.(a)

   1,451    70,809

Zynex, Inc.(a)

   3,995    45,503
      5,057,003

Industrials (21.1%):

         

ACCO Brands Corp.

   11,244    96,586

AeroVironment, Inc.(a)

   711    61,373

Alamo Group, Inc.

   945    131,856

Albany International Corp.

   1,451    111,538

Ameresco, Inc.(a)

   1,506    87,996

American Woodmark Corp.(a)

   1,002    65,501

Apogee Enterprises, Inc.

   2,912    109,957

ArcBest Corp.

   1,358    111,044

Arcosa, Inc.

   1,784    89,503

Argan, Inc.

   2,771    121,010


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Industrials (21.1%): (continued)

         

Astec Industries, Inc.

   1,377    74,096

Atlas Air Worldwide Holdings, Inc.(a)

   1,856    151,598

AZZ, Inc.

   2,866    152,471

Barnes Group, Inc.

   2,061    86,006

Barrett Business Services, Inc.

   1,838    140,166

Blue Bird Corp.(a)

   2,621    54,674

Brady Corp.

   2,807    142,315

CAI International, Inc.

   1,898    106,117

Casella Waste Systems, Inc.(a)

   2,734    207,620

CBIZ, Inc.(a)

   5,368    173,601

Columbus McKinnon Corp.

   2,396    115,847

Comfort Systems USA, Inc.

   1,433    102,202

Construction Partners, Inc., Class A(a)

   2,877    96,005

CRA International, Inc.

   1,272    126,360

CSW Industrials, Inc.

   889    113,525

Daseke, Inc.(a)

   7,493    69,011

Deluxe Corp.

   1,921    68,945

Ducommon, Inc.(a)

   1,595    80,308

Dycom Industries, Inc.(a)

   814    57,989

Echo Global Logistics, Inc.(a)

   3,284    156,680

Encore Wire Corp.

   2,382    225,885

Energy Recovery, Inc.(a)

   6,074    115,588

Enerpac Tool Group Corp.

   4,392    91,046

Ennis, Inc.

   8,151    153,646

ESCO Technologies, Inc.

   1,384    106,568

Evoqua Water Technologies Corp.(a)

   3,773    141,714

Federal Signal Corp.

   3,817    147,413

Forrester Research, Inc.(a)

   3,035    149,504

Forward Air Corp.

   1,790    148,606

Gibraltar Industries, Inc.(a)

   1,208    84,137

Global Industrial Co.

   2,231    84,533

GMS, Inc.(a)

   2,239    98,068

Gorman-Rupp Co.

   3,773    135,111

Great Lakes Dredge & Dock Corp.(a)

   8,174    123,346

Griffon Corp.

   3,307    81,352

Healthcare Services Group

   3,898    97,411

Heartland Express, Inc.

   10,204    163,468

Helios Technologies, Inc.

   1,962    161,100

Herc Holdings, Inc.

   904    147,768

Heritage-Crystal Clean, Inc.(a)

   2,977    86,273

HNI Corp.

   2,725    100,062

Hub Group, Inc., Class A(a)

   2,394    164,587

Hyster-Yale Materials Handling, Inc.

   1,116    56,090

ICF International, Inc.

   1,559    139,203

IES Holdings, Inc.(a)

   1,886    86,171

Insteel Industries, Inc.

   3,364    128,000

Jeld-Wen Holding, Inc.(a)

   2,945    73,713

Kadant, Inc.

   714    145,727

Kforce, Inc.

   1,904    113,555


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Industrials (21.1%): (continued)

         

Kimball International, Inc., Class B

   7,458    83,530

Lindsay Corp.

   955    144,959

Marten Transport Ltd.

   7,855    123,245

Matson, Inc.

   1,455    117,433

McGrath Rentcorp

   1,738    125,049

Meritor, Inc.(a)

   3,605    76,823

Miller Industries, Inc.

   3,499    119,106

Mueller Industries, Inc.

   3,253    133,698

Mueller Water Products, Inc., Class A

   11,206    170,555

MYR Group, Inc.(a)

   1,412    140,494

National Presto Industries, Inc.

   1,198    98,332

Northwest Pipe Co.(a)

   3,155    74,773

NV5 Global, Inc.(a)

   1,123    110,694

Omega Flex, Inc.

   629    89,752

PAE, Inc.(a)

   11,744    70,229

Patrick Industries, Inc.

   1,092    90,964

PGT Innovations, Inc.(a)

   4,691    89,598

Powell Industries, Inc.

   3,382    83,096

Primoris Services Corp.

   3,244    79,446

Quanex Building Products Corp.

   4,873    104,331

Radiant Logistics, Inc.(a)

   16,189    103,448

Raven Industries, Inc.

   2,511    144,659

Resources Connection, Inc.

   8,918    140,726

Rush Enterprises, Inc., Class A

   2,869    129,564

SPX Corp.(a)

   2,090    111,710

SPX FlOW, Inc.

   1,879    137,355

Standex International Corp.

   1,369    135,408

Sterling Construction Co., Inc.(a)

   3,551    80,501

Tennant Co.

   1,785    132,001

Terex Corp.

   2,001    84,242

The Greenbrier Cos., Inc.

   2,400    103,176

Titan Machinery, Inc.(a)

   3,627    93,976

US Xpress Enterprise, Inc., Class A(a)

   5,472    47,223

Vectrus, Inc.(a)

   2,445    122,935

Veritiv Corp.(a)

   1,270    113,741

Werner Enterprises, Inc.

   3,639    161,099
      10,779,416

Information Technology (11.7%):

         

A10 Networks, Inc.(a)

   9,322    125,661

ACM Research, Inc., Class A(a)

   565    62,150

ADTRAN, Inc.

   5,518    103,518

Alpha & Omega Semiconductor, Ltd.(a)

   1,882    59,038

American Software, Inc., Class A

   6,805    161,619

Avid Technology, Inc.(a)

   3,454    99,890

Axcelis Technologies, Inc.(a)

   1,835    86,300

AXT, Inc.(a)

   4,248    35,386

Benchmark Electronics, Inc.

   4,206    112,342

Calix, Inc.(a)

   1,537    75,974


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Information Technology (11.7%): (continued)

         

Cambium Networks Corp.(a)

   815    29,495

Casa Systems, Inc.(a)

   6,607    44,795

Cass Information Systems, Inc.

   2,869    120,068

ChannelAdvisor Corp.(a)

   2,515    63,453

Clearfield, Inc.(a)

   2,488    109,845

CSG Systems International, Inc.

   4,032    194,342

CTS Corp.

   4,023    124,351

Digi International, Inc.(a)

   4,620    97,112

Ebix, Inc.

   1,538    41,418

eGain Corp.(a)

   6,973    71,125

eplus, Inc.(a)

   1,468    150,631

Evertec, Inc.

   3,922    179,314

Exlservice Holdings, Inc.(a)

   1,844    227,033

FARO Technologies, Inc.(a)

   1,401    92,200

Greensky, Inc.(a)

   11,631    130,035

Ichor Holding Ltd.(a)

   1,238    50,869

Insight Enterprises, Inc.(a)

   1,463    131,787

Intelligent Systems Corp.(a)

   2,392    97,139

InterDigital, Inc.

   2,231    151,306

Kimball Electronics, Inc.(a)

   3,791    97,694

Knowles Corp.(a)

   6,788    127,207

Luna Innovations, Inc.(a)

   7,796    74,062

Methode Electronics, Inc.

   2,666    112,105

Mimecast, Ltd.(a)

   2,660    169,176

Mitek Systems, Inc.(a)

   5,246    97,051

Napco Security Technologies Inc.(a)

   3,098    133,462

NETGEAR, Inc.(a)

   2,420    77,222

NetScout Systems, Inc.(a)

   5,713    153,965

NVE Corp.

   1,762    112,715

OSI Systems, Inc.(a)

   1,968    186,566

PC Connection, Inc.

   2,819    124,121

Perficient, Inc.(a)

   2,357    272,705

Photronics, Inc.(a)

   8,496    115,801

Plexus Corp.(a)

   1,666    148,957

Progress Software Corp.

   3,471    170,739

Ribbon Communications, Inc.(a)

   9,156    54,753

ShotSpotter, Inc.(a)

   2,170    78,923

SMART Global Holdings, Inc.(a)

   1,906    84,817

Super Micro Computer, Inc.(a)

   2,557    93,510

The Hackett Group, Inc.

   7,551    148,151

Ultra Clean Holdings, Inc.(a)

   1,280    54,528

VirnetX Holding Corp.(a)

   15,925    62,426

Vishay Precision Group, Inc.(a)

   4,063    141,271

Xperi Holding Corp.

   4,067    76,622
      5,996,745

Materials (5.4%):

         

AdvanSix, Inc.(a)

   3,337    132,646

American Vanguard Corp.

   6,421    96,636


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Materials (5.4%): (continued)

         

Boise Cascade Co.

   1,554    83,885

Chase Corp.

   1,122    114,612

Clearwater Paper Corp.(a)

   2,459    94,253

Coeur Mining, Inc.(a)

   5,827    35,953

Compass Minerals International

   2,108    135,755

Ecovyst, Inc.

   6,420    74,857

Futurefuel Corp.

   7,472    53,275

GCP Applied Technologies(a)

   4,817    105,589

Glatfelter Corp.

   7,371    103,931

Greif, Inc., Class A

   2,034    131,396

H.B. Fuller Co.

   2,294    148,101

Hawkins, Inc.

   3,247    113,255

Ingevity Corp.(a)

   1,448    103,344

Innospec, Inc.

   1,258    105,949

Kaiser Aluminum Corp.

   801    87,277

Koppers Holdings, Inc.(a)

   2,524    78,900

Materion Corp.

   1,920    131,789

Minerals Technologies, Inc.

   1,576    110,068

Myers Industries, Inc.

   5,680    111,158

O-I Glass, Inc.(a)

   5,491    78,357

Orion Engineered Carbons SA(a)

   4,647    84,715

Rayonier Advanced Materials, Inc.(a)

   5,191    38,932

Schnitzer Steel Industries, Inc.

   2,353    103,085

Stepan Co.

   1,366    154,276

SunCoke Energy, Inc.

   11,020    69,206

Trinseo SA

   1,286    69,418
      2,750,618

Real Estate (1.9%):

         

Forestar Group, Inc.(a)

   6,143    114,444

Kennedy-Wilson Holdings, Inc.

   7,002    146,482

Marcus & Millichap, Inc.(a)

   4,447    180,637

Newmark Group, Inc., Class A

   7,811    111,775

RE/MAX Holdings, Inc.

   2,905    90,520

Tejon Ranch Co.(a)

   9,509    168,880

The RMR Group, Inc., Class A

   2,620    87,639

The St. Joe Co.

   2,228    93,799
      994,176

Utilities (4.0%):

         

American States Water Co.

   2,480    212,090

Avista Corp.

   3,539    138,446

California Water Service Group

   3,064    180,561

Chesapeake Utilities Corp.

   1,337    160,507

MGE Energy, Inc.

   2,511    184,558

Middlesex Water Co.

   1,752    180,071

Northwest Natural Holding Co.

   2,250    103,477

NorthWestern Corp.

   2,384    136,603

Otter Tail Corp.

   3,579    200,317

SJW Group

   2,479    163,763


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Small Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Utilities (4.0%): (continued)

         

South Jersey Industries, Inc.

   4,305    91,524

The York Water Co.

   3,124    136,456

Unitil Corp.

   3,142    134,415
          2,022,788

Total Common Stocks (Cost $45,484,064)

        50,992,361

Total Investments (Cost $45,484,064) — 99.7%

        50,992,361

Other assets in excess of liabilities — 0.3%

        147,626

NET ASSETS - 100.00%

        51,139,987

Percentages indicated are based on net assets as of September 30, 2021.

 

(a)

Non-income producing security.

Futures Contracts

Long Futures

 

Index Futures    Expiration Date   

Number of

Contracts

  

      Notional      

Amount

    

Value and

Unrealized

Appreciation/

  (Depreciation)  

 

 

 

Russell 2000 Mini Index December Future (U.S. Dollar)

   12/17/21    1    $ 110,040       $ (2,212)  
           

 

 

 
             $ (2,212)  
           

 

 

 


Schedule of Portfolio Investments

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Common Stocks (99.6%)

     

Communication Services (0.7%):

         

Cable One, Inc.

   296    536,686

Liberty Broadband Corp., Class C(a)

   4,091    706,516
      1,243,202

Consumer Discretionary (9.4%):

         

Aptiv PLC(a)

   3,232    481,471

AutoZone, Inc.(a)

   489    830,317

Booking Holdings, Inc.(a)

   166    394,062

BorgWarner, Inc.

   9,689    418,662

Bright Horizons Family Solutions, Inc.(a)

   2,772    386,472

CarMax, Inc.(a)

   3,599    460,528

Chipotle Mexican Grill, Inc.(a)

   346    628,862

Deckers Outdoor Corp.(a)

   1,313    472,943

Dollar General Corp.

   3,420    725,519

Dollar Tree, Inc.(a)

   4,671    447,108

Domino’s Pizza, Inc.

   1,684    803,201

DR Horton, Inc.

   4,415    370,728

Five Below, Inc.(a)

   2,277    402,596

Floor & Decor Holdings, Inc., Class A(a)

   3,525    425,785

Garmin Ltd.

   5,343    830,623

Gentex Corp.

   19,521    643,803

Genuine Parts Co.

   5,009    607,241

Lear Corp.

   2,567    401,684

Lennar Corp.

   3,522    329,941

Lithia Motors, Inc.

   803    254,583

LKQ Corp.(a)

   10,617    534,247

Lowe’s Cos., Inc.

   2,885    585,251

Mohawk Industries, Inc.(a)

   2,002    355,155

NVR, Inc.(a)

   103    493,790

O’Reilly Automotive, Inc.(a)

   1,402    856,706

Peloton Interactive, Inc., Class A(a)

   1,950    169,747

Pool Corp.

   1,261    547,791

Pultegroup, Inc.

   7,667    352,069

RH(a)

   546    364,133

Ross Stores, Inc.

   3,293    358,443

Service Corp. International

   12,044    725,771

Tesla, Inc.(a)

   322    249,705

Tractor Supply Co.

   3,063    620,594

Vail Resorts, Inc.(a)

   1,499    500,741

Wayfair, Inc., Class A(a)

   735    187,800
      17,218,072

Consumer Staples (3.8%):

         

Bunge, Ltd.

   7,065    574,526

Campbell Soup Co.

   13,922    582,079

Conagra Brands, Inc.

   20,583    697,146

Costco Wholesale Corp.

   2,422    1,088,326

Darling Ingredients, Inc.(a)

   5,043    362,592

Hormel Foods Corp.

   17,485    716,885


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Consumer Staples (3.8%): (continued)

         

Lamb Weston Holding, Inc.

   5,645    346,433

McCormick & Co., Inc.

   9,096    737,049

Monster Beverage Corp.(a)

   7,183    638,066

The JM Smucker Co.

   5,236    628,477

Tyson Foods, Inc., Class A

   7,957    628,125
      6,999,704

Energy (0.8%):

         

Kinder Morgan, Inc.

   31,733    530,893

ONEOK, Inc.

   6,861    397,869

The Williams Cos., Inc.

   20,009    519,034
      1,447,796

Financials (13.1%):

         

Aflac, Inc.

   11,269    587,453

Alleghany Corp.(a)

   837    522,631

American Financial Group, Inc.

   3,608    453,995

Apollo Global Management, Inc.

   9,866    607,647

Arch Capital Group Ltd.(a)

   13,483    514,781

Ares Management Corp., Class A

   12,451    919,257

Arthur J Gallagher & Co.

   6,566    976,036

Athene Holding, Ltd., Class A(a)

   7,922    545,588

BlackRock, Inc.

   821    688,540

Brown & Brown, Inc.

   16,420    910,489

Cboe Global Markets, Inc.

   5,365    664,509

Cincinnati Financial Corp.

   4,260    486,577

Commerce Bancshares, Inc.

   7,189    500,930

East West Bancorp, Inc.

   4,778    370,486

Erie Indemnity Co., Class A

   3,026    539,899

Everest Re Group, Ltd.

   2,228    558,738

FactSet Research Systems, Inc.

   2,239    883,912

First Horizon Corp.

   21,574    351,441

First Republic Bank

   3,392    654,249

Franklin Resources, Inc.

   13,613    404,578

Globe Life, Inc.

   5,970    531,509

Interactive Brokers Group, Inc.

   7,315    456,017

Intercontinental Exchange, Inc.

   6,772    777,561

Invesco Ltd.

   14,199    342,338

LPL Financial Holdings, Inc.

   3,286    515,113

Markel Corp.(a)

   511    610,711

MarketAxess Holdings, Inc.

   847    356,324

Morningstar, Inc.

   2,585    669,593

MSCI, Inc.

   1,186    721,491

Nasdaq, Inc.

   4,622    892,139

Principal Financial Group, Inc.

   6,875    442,750

Reinsurance Group of America, Inc.

   2,764    307,523

RenaissancereRe Holdings, Ltd.

   3,772    525,817

Santander Consumer USA Holdings, Inc.

   15,051    627,627

SEI Investments Co.

   9,270    549,711

Signature Bank

   1,344    365,944


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Financials (13.1%): (continued)

         

SVB Financial Group(a)

   875    566,020

The Carlyle Group, Inc.

   16,653    787,354

The Charles Schwab Corp.

   7,176    522,700

Tradeweb Markets, Inc., Class A

   6,972    563,198

Western Alliance Bancorp

   3,570    388,487

WR Berkley Corp.

   7,488    547,972
      24,209,635

Health Care (15.6%):

         

ABIOMED, Inc.(a)

   1,354    440,754

Agilent Technologies, Inc.

   5,495    865,627

Align Technology, Inc.(a)

   487    324,064

Amedisys, Inc.(a)

   1,827    272,406

Amgen, Inc.

   2,751    585,000

Avantor, Inc.(a)

   14,048    574,563

Baxter International, Inc.

   9,179    738,267

BioMarin Pharmaceutical, Inc.(a)

   4,204    324,927

Bio-Rad Laboratories, Inc., Class A(a)

   817    609,441

Bruker Corp.

   8,108    633,235

Cardinal Health, Inc.

   8,790    434,753

Catalent, Inc.(a)

   4,275    568,874

Centene Corp.(a)

   7,801    486,080

Cerner Corp.

   10,923    770,290

Charles River Laboratories International, Inc.(a)

   1,734    715,570

Danaher Corp.

   2,887    878,918

DaVita, Inc.(a)

   5,319    618,387

Denali Therapeutics, Inc.(a)

   3,882    195,847

Dexcom, Inc.(a)

   1,046    572,016

Edwards Lifesciences Corp.(a)

   7,063    799,602

Encompass Health Corp.

   7,323    549,518

HCA Healthcare, Inc.

   2,474    600,489

Henry Schein, Inc.(a)

   7,211    549,190

Horizon Therapeutics PLC(a)

   3,223    353,047

Humana, Inc.

   1,477    574,774

IDEXX Laboratories, Inc.(a)

   979    608,840

Illumina, Inc.(a)

   952    386,141

Insulet Corp.(a)

   1,347    382,858

Intuitive Surgical, Inc.(a)

   677    673,039

IQVIA Holdings, Inc.(a)

   2,985    715,027

Jazz Pharmaceuticals PLC(a)

   2,910    378,911

Masimo Corp.(a)

   2,222    601,518

Mettler-Toledo International, Inc.(a)

   499    687,303

Molina Healthcare, Inc.(a)

   1,804    489,443

Neurocrine Biosciences, Inc.(a)

   3,692    354,100

Novocure, Ltd.(a)

   2,187    254,064

PerkinElmer, Inc.

   3,710    642,906

PPD, Inc.(a)

   12,716    594,982

Regeneron Pharmaceuticals, Inc.(a)

   1,119    677,196

Repligen Corp.(a)

   1,817    525,095


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Health Care (15.6%): (continued)

         

ResMed, Inc.

   2,762    727,925

Seagen, Inc.(a)

   2,582    438,424

STERIS PLC

   3,435    701,702

Stryker Corp.

   2,474    652,443

Syneos Health, Inc.(a)

   5,847    511,496

Teleflex, Inc.

   1,379    519,262

Veeva Systems, Inc., Class A(a)

   1,600    461,072

Vertex Pharamaceuticals, Inc.(a)

   2,104    381,645

Waters Corp.(a)

   1,936    691,733

West Pharmaceutical Services, Inc.

   1,992    845,684

Zoetis, Inc.

   4,449    863,729
      28,802,177

Industrials (22.6%):

         

A O Smith Corp.

   8,257    504,255

Advanced Drainage Systems, Inc.

   3,182    344,197

AGCO Corp.

   3,091    378,740

Allegion PLC

   4,223    558,196

AMERCO, Inc.

   1,023    660,889

AMETEK, Inc.

   5,366    665,438

Builders FirstSource, Inc.(a)

   6,996    361,973

Carlisle Companies, Inc.

   3,528    701,331

Carrier Global Corp.

   12,095    626,037

Caterpillar, Inc.

   2,389    458,616

CH Robinson Worldwide, Inc.

   5,949    517,563

Cintas Corp.

   1,648    627,328

Copart, Inc.(a)

   5,447    755,608

Costar Group, Inc.(a)

   5,550    477,633

CSX Corp.

   20,958    623,291

Deere & Co.

   1,485    497,579

Dover Corp.

   5,357    833,013

Eaton Corp. PLC

   4,486    669,805

Emerson Electric Co.

   6,253    589,033

Enphase Energy, Inc.(a)

   1,461    219,106

Equifax, Inc.

   3,074    779,013

Expeditors International of Washington, Inc.

   6,941    826,881

Fastenal Co.

   13,003    671,085

Fortive Corp.

   9,088    641,340

Fortune Brands Home & Security, Inc.

   5,327    476,340

Generac Holdings, Inc.(a)

   1,062    434,007

General Dynamics Corp.

   3,917    767,849

Graco, Inc.

   10,442    730,627

HEICO Corp.

   4,008    528,535

Honeywell International, Inc.

   2,927    621,344

Howmet Aerospace, Inc.

   10,970    342,264

Hubbell, Inc.

   3,500    632,345

IAA, Inc.(a)

   8,770    478,579

IDEX Corp.

   3,091    639,682

Illinois Tool Works, Inc.

   3,482    719,486


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Industrials (22.6%): (continued)

         

J.B. Hunt Transport Services, Inc.

   3,558    594,969

Jacobs Engineering Group, Inc.

   4,420    585,783

Johnson Controls International PLC

   10,427    709,870

Kansas City Southern

   2,140    579,170

Lennox International, Inc.

   1,909    561,570

Masco Corp.

   10,089    560,444

Nordson Corp.

   3,157    751,840

Norfolk Southern Corp.

   2,468    590,469

Old Dominion Freight Line, Inc.

   2,464    704,655

Otis Worldwide Corp.

   9,694    797,622

PACCAR, Inc.

   6,591    520,162

Parker Hannifin Corp.

   1,606    449,070

Quanta Services, Inc.

   5,351    609,051

Republic Services, Inc.

   8,559    1,027,593

Robert Half International, Inc.

   5,293    531,047

Rockwell Automation, Inc.

   2,390    702,756

Rollins, Inc.

   15,287    540,090

Roper Technologies, Inc.

   1,522    679,010

Snap-on, Inc.

   2,317    484,137

Teledyne Technologies, Inc.(a)

   1,257    539,982

The Middleby Corp.(a)

   2,413    411,441

Toro Co.

   7,494    729,990

Trane Technologies PLC

   3,703    639,323

TransDigm Group, Inc.(a)

   815    509,025

TransUnion

   5,654    635,001

Trex Co., Inc.(a)

   4,153    423,315

Union Pacific Corp.

   2,889    566,273

United Rentals, Inc.(a)

   1,163    408,132

Verisk Analytics, Inc.

   3,686    738,195

Waste Management, Inc.

   6,543    977,262

Watsco, Inc.

   1,825    482,931

Westinghouse Air Brake Technologies Corp.

   5,625    484,931

WW Grainger, Inc.

   1,732    680,780

XPO Logistics, Inc.(a)

   3,123    248,528

Xylem, Inc.

   6,269    775,350
      41,588,775

Information Technology (17.1%):

         

Advanced Micro Devices, Inc.(a)

   3,949    406,352

Akamai Technologies, Inc.(a)

   5,102    533,618

Amphenol Corp., Class A

   10,101    739,696

Analog Devices, Inc.

   3,598    602,593

ANSYS, Inc.(a)

   1,249    425,222

Arista Networks, Inc.(a)

   1,444    496,216

Aspen Technology, Inc.(a)

   2,417    296,808

Black Knight, Inc.(a)

   8,631    621,432

Broadcom, Inc.

   1,092    529,544

Broadridge Financial Solutions, Inc.

   4,724    787,207

Cadence Design Systems, Inc.(a)

   3,114    471,584


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Information Technology (17.1%): (continued)

         

CDW Corp.

   3,199    582,282

Ciena Corp.(a)

   7,213    370,388

Citrix Systems, Inc.

   3,377    362,588

Cognex Corp.

   5,938    476,346

Cognizant Technology Solutions Corp., Class A

   7,968    591,305

Dolby Laboratories, Inc.

   6,434    566,192

Dynatrace, Inc.(a)

   5,870    416,594

Entegris, Inc.

   3,335    419,876

EPAM Systems, Inc.(a)

   1,116    636,656

F5 Networks, Inc.(a)

   2,628    522,394

Fair Isaac Corp.(a)

   886    352,566

Fidelity National Information Services, Inc.

   4,083    496,819

First Solar, Inc.(a)

   3,688    352,056

Fiserv, Inc.(a)

   4,762    516,677

FleetCor Technologies, Inc.(a)

   1,562    408,104

Fortinet, Inc.(a)

   2,287    667,895

Gartner, Inc.(a)

   2,788    847,217

II-VI, Inc.(a)

   4,212    250,024

IPG Photonics Corp.(a)

   1,924    304,762

Jack Henry & Associates, Inc.

   3,532    579,460

Keysight Technologies, Inc.(a)

   4,196    689,361

KLA Corp.

   1,056    353,243

Lam Research Corp.

   548    311,894

Leidos Holdings, Inc.

   5,627    540,924

Manhattan Associates, Inc.(a)

   3,752    574,169

Marvell Technology, Inc.

   7,283    439,238

Microchip Technology, Inc.

   2,494    382,804

Micron Technology, Inc.

   4,179    296,625

MKS Instruments, Inc.

   1,944    293,369

Monolithic Power Systems, Inc.

   928    449,783

NetApp, Inc.

   5,778    518,633

NVIDIA Corp.

   2,592    536,959

NXP Semiconductors NV

   1,993    390,369

ON Semiconductor Corp.(a)

   8,636    395,270

Paychex, Inc.

   8,168    918,492

Paycom Software, Inc.(a)

   1,050    520,538

Paylocity Holding Corp.(a)

   2,081    583,512

PTC, Inc.(a)

   2,858    342,360

Qorvo, Inc.(a)

   1,877    313,816

Seagate Technology Holdings PLC

   6,061    500,154

ServiceNow, Inc.(a)

   791    492,216

Skyworks Solutions, Inc.

   2,015    332,032

SS&C Technologies Holdings, Inc.

   9,634    668,600

Synopsys, Inc.(a)

   1,795    537,441

TE Connectivity Ltd.

   4,819    661,263

Teradyne, Inc.

   2,778    303,274

The Trade Desk, Inc., Class A(a)

   3,654    256,876

The Western Union Co.

   22,553    456,022

Trimble, Inc.(a)

   6,257    514,638


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Information Technology (17.1%): (continued)

         

Tyler Technologies, Inc.(a)

   1,182    542,124

Universal Display Corp.

   1,782    304,651

VeriSign, Inc.(a)

   3,303    677,148

Western Digital Corp.(a)

   4,426    249,803

Zebra Technologies Corp.(a)

   991    510,781
      31,488,855

Materials (7.6%):

         

Albemarle Corp.

   2,245    491,588

AptarGroup, Inc.

   5,598    668,121

Avery Dennison Corp.

   2,858    592,206

Ball Corp.

   7,612    684,852

Celanese Corp.

   3,663    551,794

CF Industries Holdings, Inc.

   9,010    502,938

Corteva, Inc.

   10,895    458,462

Crown Holdings, Inc.

   5,786    583,113

Eastman Chemical Co.

   4,630    466,426

FMC Corp.

   5,543    507,517

Freeport-McMoRan, Inc.

   9,643    313,687

International Flavors & Fragrances, Inc.

   3,487    466,282

International Paper Co.

   9,429    527,270

LyondellBasell Industries NV, Class A

   3,872    363,387

Martin Marietta Materials, Inc.

   1,405    480,060

Newmont Corp.

   8,163    443,251

Nucor Corp.

   5,920    583,061

Packaging Corp. of America

   4,461    613,120

PPG Industries, Inc.

   4,268    610,367

Reliance Steel & Aluminum Co.

   3,718    529,517

RPM International, Inc.

   8,604    668,101

Steel Dynamics, Inc.

   8,102    473,805

The Mosaic Co.

   9,981    356,521

The Scotts Miracle-Gro Co.

   1,733    253,642

The Sherwin-Williams Co.

   2,963    828,840

Vulcan Materials Co.

   2,938    496,992

Westlake Chemical Corp.

   4,974    453,330
      13,968,250

Real Estate (0.4%):

         

CBRE Group, Inc., Class A(a)

   5,243    510,458

eXp World Holdings, Inc.

   4,041    160,711
      671,169

Utilities (8.5%):

         

Alliant Energy Corp.

   14,357    803,705

Ameren Corp.

   9,918    803,358

American Electric Power Co., Inc.

   9,267    752,295

American Water Works Co., Inc.

   4,830    816,463

Atmos Energy Corp.

   6,915    609,903

CMS Energy Corp.

   13,365    798,291

Consolidated Edison, Inc.

   10,255    744,410

DTE Energy Co.

   5,411    604,463


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Utilities (8.5%): (continued)

         

Entergy Corp.

   6,705    665,874

Essential Utilities, Inc.

   14,778    680,970

Evergy, Inc.

   10,139    630,646

Eversource Energy

   8,449    690,790

FirstEnergy Corp.

   11,433    407,243

NextEra Energy, Inc.

   8,088    635,070

NRG Energy, Inc.

   10,640    434,431

Pinnacle West Capital Corp.

   8,172    591,326

PPL Corp.

   23,164    645,812

Public Service Enterprise Group, Inc.

   10,993    669,474

The AES Corp.

   17,462    398,657

The Southern Co.

   13,307    824,635

UGI Corp.

   13,346    568,807

Vistra Corp.

   20,934    357,971

WEC Energy Group, Inc.

   8,428    743,350

Xcel Energy, Inc.

   11,143    696,438
          15,574,382

Total Common Stocks (Cost $148,813,258)

        183,212,017

Total Investments (Cost $148,813,258) — 99.6%

        183,212,017

Other assets in excess of liabilities — 0.4%

        810,875

NET ASSETS - 100.00%

        184,022,892

Percentages indicated are based on net assets as of September 30, 2021.

 

(a)

Non-income producing security.

Futures Contracts

Long Futures

 

Index Futures    Expiration Date   

Number of

Contracts

  

      Notional      

Amount

    

Value and

Unrealized

Appreciation/

(Depreciation)

 

 

 

S&P 500 Index E-mini December Future (U.S. Dollar)

   12/17/21    4    $ 859,550       $ (33,219)  
           

 

 

 
             $ (33,219)  
           

 

 

 


Schedule of Portfolio Investments

September 30, 2021

 

Timothy Plan High Dividend Stock ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Common Stocks (99.4%)

     

Consumer Discretionary (4.2%):

         

BorgWarner, Inc.

   21,259    918,601

Garmin Ltd.

   11,723    1,822,458

Genuine Parts Co.

   10,991    1,332,439

Service Corp. International

   26,426    1,592,431
      5,665,929

Consumer Staples (8.1%):

         

Bunge, Ltd.

   15,502    1,260,623

Campbell Soup Co.

   30,547    1,277,170

Conagra Brands, Inc.

   45,163    1,529,671

Costco Wholesale Corp.

   5,313    2,387,396

Hormel Foods Corp.

   38,364    1,572,924

The JM Smucker Co.

   11,490    1,379,145

Tyson Foods, Inc., Class A

   17,458    1,378,134
      10,785,063

Energy (2.4%):

         

Kinder Morgan, Inc.

   69,627    1,164,860

ONEOK, Inc.

   15,055    873,039

The Williams Cos., Inc.

   43,903    1,138,844
      3,176,743

Financials (16.7%):

         

Aflac, Inc.

   24,727    1,289,019

American Financial Group, Inc.

   7,916    996,070

Apollo Global Management, Inc.

   21,647    1,333,239

Ares Management Corp., Class A

   27,321    2,017,109

Arthur J Gallagher & Co.

   14,407    2,141,601

BlackRock, Inc.

   1,800    1,509,588

Cboe Global Markets, Inc.

   11,772    1,458,080

Cincinnati Financial Corp.

   9,346    1,067,500

East West Bancorp, Inc.

   10,484    812,929

Erie Indemnity Co., Class A

   6,637    1,184,174

Everest Re Group, Ltd.

   4,887    1,225,562

First Horizon Corp.

   47,335    771,087

Franklin Resources, Inc.

   29,870    887,736

Invesco Ltd.

   31,156    751,171

Principal Financial Group, Inc.

   15,083    971,345

Reinsurance Group of America, Inc.

   6,065    674,792

Santander Consumer USA Holdings, Inc.

   33,023    1,377,059

The Carlyle Group, Inc.

   36,539    1,727,564
      22,195,625

Health Care (1.7%):

         

Amgen, Inc.

   6,038    1,283,981

Cardinal Health, Inc.

   19,286    953,885
      2,237,866

Industrials (22.5%):

         

A O Smith Corp.

   18,116    1,106,344

Caterpillar, Inc.

   5,241    1,006,115


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan High Dividend Stock ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Industrials (22.5%): (continued)

         

CH Robinson Worldwide, Inc.

   13,054    1,135,698

Dover Corp.

   11,754    1,827,747

Eaton Corp. PLC

   9,845    1,469,957

Emerson Electric Co.

   13,720    1,292,424

Fastenal Co.

   28,528    1,472,330

General Dynamics Corp.

   8,596    1,685,074

Honeywell International, Inc.

   6,420    1,362,838

Hubbell, Inc.

   7,680    1,387,546

Illinois Tool Works, Inc.

   7,640    1,578,653

Johnson Controls International PLC

   22,880    1,557,670

PACCAR, Inc.

   14,463    1,141,420

Republic Services, Inc.

   18,780    2,254,727

Robert Half International, Inc.

   11,612    1,165,032

Rockwell Automation, Inc.

   5,241    1,541,064

Snap-on, Inc.

   5,083    1,062,093

Union Pacific Corp.

   6,340    1,242,703

Waste Management, Inc.

   14,355    2,144,063

Watsco, Inc.

   4,004    1,059,538

WW Grainger, Inc.

   3,800    1,493,628
      29,986,664

Information Technology (9.0%):

         

Analog Devices, Inc.

   7,894    1,322,087

Broadcom, Inc.

   2,398    1,162,862

Broadridge Financial Solutions, Inc.

   10,371    1,728,223

Cognex Corp.

   13,029    1,045,186

NetApp, Inc.

   12,676    1,137,798

Paychex, Inc.

   17,921    2,015,217

Seagate Technology Holdings PLC

   13,300    1,097,516

TE Connectivity Ltd.

   10,574    1,450,964

The Western Union Co.

   49,484    1,000,567
      11,960,420

Materials (11.5%):

         

Celanese Corp.

   8,037    1,210,694

CF Industries Holdings, Inc.

   19,770    1,103,561

Eastman Chemical Co.

   10,157    1,023,216

FMC Corp.

   12,162    1,113,553

International Flavors & Fragrances, Inc.

   7,650    1,022,958

International Paper Co.

   20,689    1,156,929

LyondellBasell Industries NV, Class A

   8,496    797,350

Newmont Corp.

   17,911    972,567

Nucor Corp.

   12,988    1,279,188

Packaging Corp. of America

   9,787    1,345,125

Reliance Steel & Aluminum Co.

   8,156    1,161,578

RPM International, Inc.

   18,879    1,465,954

Steel Dynamics, Inc.

   17,779    1,039,716

The Scotts Miracle-Gro Co.

   3,802    556,461
      15,248,850


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan High Dividend Stock ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Utilities (23.3%):

         

Alliant Energy Corp.

   31,502    1,763,482

Ameren Corp.

   21,760    1,762,560

American Electric Power Co., Inc.

   20,336    1,650,877

Atmos Energy Corp.

   15,172    1,338,170

CMS Energy Corp.

   29,325    1,751,582

Consolidated Edison, Inc.

   22,500    1,633,275

DTE Energy Co.

   11,874    1,326,445

Entergy Corp.

   14,712    1,461,049

Essential Utilities, Inc.

   32,427    1,494,236

Evergy, Inc.

   22,246    1,383,701

Eversource Energy

   18,536    1,515,503

FirstEnergy Corp.

   25,084    893,492

NRG Energy, Inc.

   23,346    953,217

Pinnacle West Capital Corp.

   17,930    1,297,415

PPL Corp.

   50,823    1,416,945

Public Service Enterprise Group, Inc.

   24,120    1,468,908

The AES Corp.

   38,313    874,686

The Southern Co.

   29,196    1,809,276

UGI Corp.

   29,283    1,248,041

Vistra Corp.

   45,932    785,437

WEC Energy Group, Inc.

   18,493    1,631,083

Xcel Energy, Inc.

   24,449    1,528,063
          30,987,443

Total Common Stocks (Cost $119,114,957)

        132,244,603

Total Investments (Cost $119,114,957) — 99.4%

        132,244,603

Other assets in excess of liabilities — 0.6%

        792,866

NET ASSETS - 100.00%

        133,037,469

Percentages indicated are based on net assets as of September 30, 2021.

Futures Contracts

Long Futures

 

Index Futures    Expiration Date   

Number of

Contracts

  

      Notional      

Amount

    

Value and

Unrealized

Appreciation/

(Depreciation)

 

 

 

S&P 500 Index E-mini December Future (U.S. Dollar)

   12/17/21    3    $ 644,663       $ (27,360)  
           

 

 

 
             $ (27,360)  
           

 

 

 


Schedule of Portfolio Investments

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Common Stocks (99.3%)

     

Australia (4.9%):

     

Communication Services (0.6%):

         

Rea Group Ltd.

   1,575    180,836

Telstra Corp. Ltd.

   95,461    271,167
      452,003

Consumer Staples (0.9%):

         

Coles Group, Ltd.

   20,673    253,872

Wesfarmers Ltd.

   6,608    266,276

Woolworths Group Ltd.

   8,431    239,796
      759,944

Financials (1.5%):

         

ASX Ltd.

   5,285    309,420

Commonwealth Bank of Australia

   3,738    281,881

National Australia Bank Ltd.

   10,503    211,273

Suncorp Group Ltd.

   22,984    208,657

Westpac Banking Corp.

   11,248    211,381
      1,222,612

Health Care (0.8%):

         

CSL Ltd.

   1,022    216,735

Ramsay Health Care Ltd.

   4,006    201,587

Sonic Healthcare Ltd.

   9,114    267,851
      686,173

Industrials (0.3%):

         

Brambles Ltd.

   32,188    250,569
      250,569

Materials (0.8%):

         

BHP Group Ltd.

   5,279    143,507

BHP Group PLC

   6,206    157,867

Fortescue Metals Group Ltd.

   8,629    93,306

Newcrest Mining Ltd.

   9,055    148,178

Rio Tinto Ltd.

   2,064    149,454
          692,312
      4,063,613

Austria (0.8%):

     

Energy (0.2%):

         

OMV AG

   3,029    183,057
      183,057

Financials (0.3%):

         

Erste Group Bank AG

   5,122    225,783
      225,783

Utilities (0.3%):

         

Verbund AG

   2,351    238,800
          238,800
      647,640

Belgium (1.3%):

     

Financials (1.1%):

         

Ageas SA

   3,165    156,965

Groupe Bruxelles Lambert SA

   2,635    290,170

KBC Group N.V.

   2,097    189,539


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Belgium (1.3%): (continued)

     

Financials (1.1%): (continued)

         

Sofina SA

   669    265,923
      902,597

Materials (0.2%):

         

Umicore

   2,883    171,095
          171,095
      1,073,692

Canada (10.1%):

         

Consumer Discretionary (0.5%):

         

Dollarama, Inc.

   6,197    268,843

Magna International, Inc.

   1,701    128,032
      396,875

Consumer Staples (1.6%):

         

Alimentation Couche-Tard, Inc.

   7,303    279,456

Loblaw Cos. Ltd.

   6,462    443,523

Metro, Inc.

   8,340    407,582

Saputo, Inc.

   8,945    227,510
      1,358,071

Energy (0.6%):

         

Enbridge, Inc.

   7,078    282,025

TC Energy Corp.

   4,927    237,168
      519,193

Financials (2.4%):

         

Canadian Imperial Bank of Commerce

   4,181    465,509

Fairfax Financial Holdings, Ltd.

   449    181,284

Great-West Lifeco, Inc.

   10,716    326,117

Intact Financial Corp.

   2,026    267,936

National Bank of Canada

   4,806    369,179

Power Corp. of Canada

   10,623    350,214
      1,960,239

Industrials (0.9%):

         

Canadian National Railway Co.

   2,246    260,319

Canadian Pacific Railway Ltd.

   3,238    211,477

WSP Global, Inc.

   1,957    234,364
      706,160

Information Technology (1.0%):

         

CGI, Inc. (a)

   2,966    251,984

Constellation Software, Inc.

   131    214,646

Open Text Corp.

   5,429    265,020

Shopify, Inc., Class A (a)

   84    114,035
      845,685

Materials (1.3%):

         

Aginco Eagle Mines, Ltd.

   2,727    141,497

Barrick Gold Corp.

   7,732    139,633

CCL Industries, Inc.

   4,307    223,104

Franco-Nevada Corp.

   1,290    167,616

Nutrien, Ltd.

   3,726    241,878

Wheaton Precious Metals Corp.

   3,449    129,855
      1,043,583


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Canada (10.1%): (continued)

     

Utilities (1.8%):

         

Algonquin Power & Utilities Corp.

   19,186    281,336

Emera, Inc.

   9,294    420,960

Fortis, Inc.

   9,818    435,623

Hydro One, Ltd.

   16,088    380,350
          1,518,269
      8,348,075

Chile (0.2%):

     

Materials (0.2%):

         

Antofagasta PLC

   6,924    127,048
      127,048

Denmark (3.1%):

     

Consumer Discretionary (0.2%):

         

Pandora A/S

   1,211    147,156
      147,156

Financials (0.5%):

         

Danske Bank A/S

   9,847    166,369

Tryg A/S

   10,150    230,707
      397,076

Health Care (1.0%):

         

Ambu A/S, Class B

   2,307    68,233

Coloplast A/S

   1,464    229,559

Demant A/S (a)

   3,266    164,651

Genmab A/S (a)

   519    227,122

GN Store Nord A/S

   2,149    149,016
      838,581

Industrials (0.7%):

         

AP Moller - Maersk A/S, Class B

   68    184,172

DSV Panalpina A S

   1,116    267,834

Vestas Wind Systems A/S

   3,447    138,279
      590,285

Materials (0.5%):

         

Christian Hansen Holding A/S

   2,430    198,522

Novozymes A/S, Class B Shares

   3,654    250,473
      448,995

Utilities (0.2%):

         

Orsted A/S

   1,024    135,408
          135,408
      2,557,501

Finland (2.1%):

     

Consumer Staples (0.3%):

         

Kesko Oyj, Class B

   7,549    260,898
      260,898

Energy (0.2%):

         

Neste Oyj

   3,284    186,259
      186,259

Financials (0.4%):

         

Nordea Bank Abp

   21,760    281,228
      281,228


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Finland (2.1%): (continued)

     

Industrials (0.4%):

         

Kone OYJ

   3,293    231,812

Metso Outotec Oyj

   14,276    130,853
      362,665

Materials (0.5%):

         

Stora ENSO OYJ, Class R Shares

   10,344    173,297

UPM-Kymmene OYJ

   5,973    212,449
      385,746

Utilities (0.3%):

         

Fortum OYJ

   8,702    264,968
          264,968
      1,741,764

France (5.9%):

     

Consumer Discretionary (0.7%):

         

Compagnie Generale DES Etablissements Michelin

   1,578    242,710

Hermes International SA

   244    338,132
      580,842

Consumer Staples (0.2%):

         

Carrefour SA

   11,098    199,811
      199,811

Financials (0.6%):

         

Amundi SA

   2,588    218,512

CNP Assurances SA

   8,587    136,501

Credit Agricole SA

   10,599    146,646
      501,659

Health Care (0.4%):

         

bioMerieux

   1,197    136,640

Sartorius Stedim Biotech

   333    186,554
      323,194

Industrials (2.8%):

         

Bollore

   45,312    262,664

Bouygues SA

   5,270    219,123

Bureau Veritas SA

   8,252    255,280

Edenred

   3,902    210,734

Eiffage SA

   1,629    165,426

Legrand SA

   2,567    275,784

Safran SA

   1,077    136,788

Schneider Electric SA

   1,513    252,164

Teleperformance

   565    222,555

Thales SA

   1,694    165,121

Vinci SA

   1,507    157,348
      2,322,987

Information Technology (0.5%):

         

Dassault Systemes SE

   5,116    269,396

Worldline SA (a)

   2,036    155,657
      425,053

Materials (0.4%):

         

Air Liquide SA

   1,881    301,906
      301,906


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

France (5.9%): (continued)

     

Utilities (0.3%):

         

Veolia Environnement

   7,617    233,430
          233,430
      4,888,882

Germany (6.1%):

     

Consumer Discretionary (0.6%):

         

HelloFresh SE (a)

   1,176    108,909

Puma SE

   1,787    199,560

Zalando SE (a)

   2,103    193,199
      501,668

Consumer Staples (0.3%):

         

Beiersdorf AG

   2,412    261,088
      261,088

Financials (1.0%):

         

Deutsche Boerse AG

   1,342    218,379

Hannover Rueck SE

   1,203    210,878

Muenchener Rueckversicherungs-Gesellschaft AG

   634    173,955

Talanx AG

   4,569    195,162
      798,374

Health Care (0.5%):

         

Carl Zeiss Meditec AG

   1,168    224,628

Fresenius Medical Care AG

   3,033    213,790
      438,418

Industrials (1.2%):

         

Brenntag AG

   2,511    234,346

Deutsche Post AG

   4,194    264,636

Kion Group AG

   1,660    155,462

MTU Aero Engines AG

   573    129,677

Rational AG

   199    187,750
      971,871

Information Technology (0.3%):

         

Infineon Technologies AG

   3,796    156,186

TeamViewer AG (a)

   3,253    95,660
      251,846

Materials (0.6%):

         

Evonik Industries AG

   7,120    224,879

Symrise AG

   2,149    282,871
      507,750

Real Estate (1.0%):

         

Deutsche Wohnen SE

   4,445    272,442

LEG Immobilien AG

   2,047    289,716

Vonovia Se

   3,794    228,059
      790,217

Utilities (0.6%):

         

E.ON SE

   26,587    325,421

RWE AG

   5,456    193,049
          518,470
      5,039,702


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Hong Kong (4.9%):

     

Consumer Discretionary (0.3%):

         

Techtronic Industries Co.

   7,513    149,693

Xinyi Glass Holdings, Ltd.

   39,435    118,035
      267,728

Consumer Staples (0.2%):

         

WH Group Ltd.

   206,366    147,132
      147,132

Financials (0.5%):

         

AIA Group Ltd.

   14,645    169,225

Hang Seng Bank, Ltd.

   13,322    228,639
      397,864

Health Care (0.1%):

         

Sino Biopharmaceutical Ltd.

   142,465    118,227
      118,227

Industrials (0.6%):

         

CK Hutchison Holdings Ltd.

   27,688    184,779

MTR Corp. Ltd.

   56,666    305,736
      490,515

Real Estate (1.3%):

         

CK Asset Holdings Ltd.

   36,480    211,352

Henderson Land Development Co. Ltd.

   60,459    231,836

New World Development Co. Ltd.

   44,400    181,663

Sino Land Co. Ltd.

   168,736    227,166

Sun Hung KAI Properties Ltd.

   17,166    214,785
      1,066,802

Utilities (1.9%):

         

CK Infrastructure Holdings Ltd.

   50,134    280,154

CLP Holdings, Inc.

   45,779    441,065

Hong Kong & China Gas Co. Ltd.

   271,765    411,955

Power Assets Holdings Ltd.

   73,695    433,589
          1,566,763
      4,055,031

Ireland (1.0%):

     

Consumer Staples (0.3%):

         

Kerry Group PLC

   1,843    247,609
      247,609

Industrials (0.2%):

         

Kingspan Group PLC

   1,679    167,237
      167,237

Materials (0.5%):

         

CRH PLC

   3,783    177,712

Smurfit Kappa Group PLC

   4,032    211,918
          389,630
      804,476

Israel (0.6%):

     

Financials (0.3%):

         

Bank Hapoalim BM

   29,141    257,741
      257,741


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Israel (0.6%): (continued)

     

Information Technology (0.3%):

         

Nice Ltd. (a)

   844    235,732
          235,732
      493,473

Italy (3.7%):

     

Communication Services (0.4%):

         

Infrastrutture Wireless Italiane SpA

   20,204    225,485

Telecom Italia SpA

   317,385    124,761
      350,246

Consumer Discretionary (0.2%):

         

Moncler SpA

   3,126    191,960
      191,960

Energy (0.3%):

         

Snam SpA

   51,097    283,830
      283,830

Financials (1.4%):

         

Assicurazioni Generali SpA

   12,438    264,920

FinecoBank Banca Fineco SpA (a)

   13,695    248,550

Intesa Sanpaolo SpA

   75,522    214,606

Mediobanca Banca di Credito Finanziario SpA

   17,017    205,763

Poste Italiane SpA

   16,985    234,687
      1,168,526

Health Care (0.6%):

         

DiaSorin SpA

   872    183,154

Recordati Industria Chimica e Farmaceutica SpA

   4,572    266,247
      449,401

Information Technology (0.2%):

         

Nexi SpA (a)

   9,598    179,641
      179,641

Utilities (0.6%):

         

Enel SpA

   22,230    171,242

Terna SpA

   40,178    285,533
          456,775
      3,080,379

Japan (20.4%):

     

Communication Services (1.4%):

         

KDDI Corp.

   8,400    278,616

Nexon Co. Ltd.

   4,100    66,577

Nippon Telegraph & Telephone Corp.

   10,500    291,090

Softbank Corp.

   22,900    311,665

Z Holdings Corp.

   27,400    176,716
      1,124,664

Consumer Discretionary (2.0%):

         

Fast Retailing Co. Ltd.

   200    148,239

Nitori Co. Ltd.

   1,100    218,557

Pan Pacific International Holdings Corp.

   9,200    191,639

Panasonic Corp.

   14,900    186,116

Sekisui House, Ltd.

   11,100    234,558

Shimano ORD

   700    206,955

Suzuki Motor Co.

   4,200    188,524


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Japan (20.4%): (continued)

     

Consumer Discretionary (2.0%): (continued)

         

Toyota Industries Corp.

   2,900    239,756
      1,614,344

Consumer Staples (0.9%):

         

KAO Corp.

   4,000    239,216

Seven & i Holdings Co., Ltd.

   4,800    219,339

Unicharm Corp.

   5,500    244,604
      703,159

Financials (3.2%):

         

Dai-ichi Life Holdings, Inc.

   10,300    228,899

Japan Post Bank Co. Ltd.

   28,400    245,004

Japan Post Holdings Co. Ltd.

   26,500    224,945

Mizuho Financial Group, Inc.

   17,500    249,180

MS&AD Insurance Group Holdings, Inc.

   8,800    297,024

Nomura Holdings, Inc.

   34,100    169,642

ORIX Corp.

   11,100    210,469

Sompo Holdings, Inc.

   6,600    289,491

Sumitomo Mitsui Financial Group, Inc.

   6,800    241,007

Sumitomo Mitsui Trust Holdings, Inc.

   6,600    228,758

Tokio Marine Holdings, Inc.

   4,500    243,480
      2,627,899

Health Care (3.6%):

         

Astellas Pharma, Inc.

   16,000    264,917

Chugai Pharmaceutical Co. Ltd.

   4,900    180,668

Daiichi Sankyo Co. Ltd.

   6,400    171,359

Eisai Co. Ltd.

   2,200    165,989

Hoya Corp.

   1,500    235,554

Kyowa Kirin Co. Ltd.

   8,000    289,360

M3, Inc.

   2,200    158,001

Olympus Corp.

   8,700    192,052

Ono Pharmaceutical Co. Ltd.

   9,400    215,656

Otsuka Holdings Co. Ltd.

   6,300    271,011

Shionogi & Co. Ltd.

   4,700    323,273

Sysmex Corp.

   1,900    237,842

Terumo Corp.

   6,200    294,455
      3,000,137

Industrials (3.4%):

         

Daikin Industries Ltd.

   900    197,825

Fanuc Corp.

   700    154,525

ITOCHU Corp.

   10,200    300,372

Komatsu Ltd.

   6,900    167,105

Kubota Corp.

   9,500    203,950

Mitsubishi Corp.

   10,300    327,290

Mitsubishi Electric Corp.

   16,500    230,864

MonotaRO Co., Ltd.

   4,600    104,335

Nidec Corp.

   1,300    145,093

Secom Co. Ltd.

   3,200    233,012

SG Holdings Co. Ltd.

   5,600    160,029

SMC Corp.

   300    188,929

Toshiba Corp.

   4,700    199,142


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Japan (20.4%): (continued)

     

Industrials (3.4%): (continued)

         

Toyota Tsusho Corp.

   4,600    196,558
      2,809,029

Information Technology (4.4%):

         

Advantest Corp.

   1,400    126,186

Canon, Inc.

   6,700    165,001

Fujifilm Holdings Corp.

   4,200    363,801

Fujitsu, Ltd.

   1,200    219,015

Hitachi, Ltd.

   4,300    256,578

Keyence Corp.

   400    240,834

Kyocera Corp.

   4,100    257,908

Murata Manufacturing Co. Ltd.

   2,800    250,611

NEC Corp.

   3,300    180,005

Nomura Research Institute Ltd.

   6,100    226,941

NTT Data Corp.

   11,500    223,738

OBIC Co. Ltd.

   1,100    211,242

Omron Corp.

   2,800    279,296

Renesas Electronics Corp. (a)

   12,400    155,557

TDK Corp.

   3,900    141,764

Tokyo Electron Ltd.

   400    178,541

Yaskawa Electric Corp.

   3,900    189,252
      3,666,270

Materials (0.6%):

         

Asahi Kasei Corp.

   16,500    177,411

Nippon Paint Holdings Co. Ltd.

   9,400    102,802

Shin-Etsu Chemical Co. Ltd.

   1,200    203,810
      484,023

Real Estate (0.9%):

         

Daiwa House Industry Co. Ltd.

   6,500    218,399

Mitsubishi Estate Co. Ltd.

   12,800    204,802

Mitsui Fudosan Co. Ltd.

   7,300    174,989

Sumitomo Realty & Development Co., Ltd.

   5,000    183,636
          781,826
      16,811,351

Korea, Republic Of (4.7%):

     

Communication Services (0.8%):

         

Kakao Corp.

   1,579    157,500

Naver Corp.

   467    153,166

Netmarble Corp.

   1,186    118,299

SK Telecom Co. Ltd.

   809    221,569
      650,534

Consumer Discretionary (0.5%):

         

Hyundai Mobis

   444    94,955

Hyundai Motor Co.

   572    96,703

KIA Motors Corp.

   1,499    102,890

LG Electronics, Inc.

   687    74,043
      368,591

Consumer Staples (0.3%):

         

Amorepacific Corp.

   701    105,772


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Korea, Republic Of (4.7%): (continued)

     

Consumer Staples (0.3%): (continued)

         

LG Household & Health Care Ltd.

   145    163,876
      269,648

Financials (0.8%):

         

Hana Financial Group, Inc.

   4,402    172,657

KB Financial Group, Inc.

   3,673    171,696

Samsung Life Insurance Co., Ltd.

   1,847    114,598

Shinhan Financial Group Co. Ltd.

   5,940    202,854
      661,805

Health Care (0.4%):

         

Celltrion Healthcare Co., Ltd. (a)

   926    85,633

Celltrion, Inc. (a)

   422    92,569

Samsung Biologics Co., Ltd. (a)

   235    173,618
      351,820

Industrials (0.3%):

         

LG Corp.

   1,535    120,672

Samsung C&T Corp.

   1,283    133,940
      254,612

Information Technology (0.8%):

         

Samsung Electro-Mechanics Co., Ltd.

   979    146,892

Samsung Electronics Co. Ltd.

   2,660    166,616

Samsung SDI Co. Ltd.

   232    140,808

Samsung SDS Co. Ltd.

   975    132,280

SK Hynix, Inc.

   1,173    102,129
      688,725

Materials (0.6%):

         

LG Chem Ltd.

   164    107,578

Lotte Chemical Corp.

   463    94,518

POSCO

   574    160,118

POSCO Chemical Co., Ltd.

   804    120,294
      482,508

Utilities (0.2%):

         

Korea Electric Power Corp.

   8,075    160,749
          160,749
      3,888,992

Luxembourg (0.4%):

     

Health Care (0.2%):

         

Eurofins Scientific SE

   1,573    201,933
      201,933

Real Estate (0.2%):

         

Aroundtown SA

   20,280    140,225
          140,225
      342,158

Mexico (0.1%):

     

Materials (0.1%):

         

Fresnillo PLC

   9,760    102,744
      102,744

Netherlands (2.6%):

     

Financials (0.7%):

         

Aegon NV

   28,638    148,164


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Netherlands (2.6%): (continued)

     

Financials (0.7%): (continued)

         

ING Groep NV

   11,061    161,007

NN Group NV

   4,600    241,185
      550,356

Industrials (0.6%):

         

Randstad N.V.

   2,466    165,940

Wolters Kluwer N.V.

   3,097    328,492
      494,432

Information Technology (0.7%):

         

Adyen N.V. (a)

   65    181,808

ASM International NV

   472    184,884

ASML Holding N.V.

   293    219,187
      585,879

Materials (0.6%):

         

AKZO Nobel N.V

   2,268    247,917

Koninklijke DSM N.V.

   1,470    294,116
          542,033
      2,172,700

New Zealand (0.2%):

     

Health Care (0.2%):

         

Fisher & Paykel Healthcare Corp., Ltd.

   6,537    144,357
      144,357

Norway (2.0%):

     

Communication Services (0.3%):

         

Telenor ASA

   13,631    229,773
      229,773

Consumer Staples (0.5%):

         

Mowi ASA

   6,542    166,275

Orkla ASA, Class A

   26,951    247,415
      413,690

Energy (0.2%):

         

Aker BP ASA

   5,066    165,284
      165,284

Financials (0.5%):

         

DNB Bank ASA (a)

   8,575    196,211

Gjensidige Forsikring ASA

   9,192    203,860
      400,071

Materials (0.5%):

         

Norsk Hydro ASA

   24,530    183,925

Yara International ASA

   4,341    215,748
          399,673
      1,608,491

Portugal (0.6%):

     

Consumer Staples (0.4%):

         

Jeronimo Martins & Filho SA

   16,086    320,636
      320,636

Utilities (0.2%):

         

EDP - Energias de Portugal SA

   35,961    188,882
          188,882
      509,518


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Russian Federation (0.3%):

     

Materials (0.3%):

         

Evraz PLC

   19,089    152,860

Polymetal International PLC

   7,634    129,380
      282,240

Singapore (1.7%):

     

Communication Services (0.3%):

         

Singapore Telecommunications, Ltd.

   157,800    285,958
      285,958

Consumer Staples (0.2%):

         

Wilmar International Ltd.

   55,600    172,432
      172,432

Financials (1.2%):

         

DBS Group Holdings Ltd.

   12,700    283,657

Oversea-Chinese Banking Corp. Ltd.

   39,500    334,622

United Overseas Bank

   18,100    344,667
          962,946
      1,421,336

Spain (1.3%):

     

Consumer Discretionary (0.3%):

         

Industria de Diseno Textil SA

   5,496    202,549
      202,549

Financials (0.2%):

         

Caixabank SA

   44,423    138,093
      138,093

Health Care (0.2%):

         

Grifols SA

   6,747    164,727
      164,727

Industrials (0.1%):

         

ACS Actividades de Construccion y Servicios SA

   3,735    101,442
      101,442

Utilities (0.5%):

         

Endesa SA

   10,585    213,561

Iberdrola SA

   23,020    231,530
          445,091
      1,051,902

Sweden (6.0%):

     

Consumer Staples (0.6%):

         

Essity Aktiebolag, Class B

   8,022    249,338

ICA Gruppen AB

   5,714    262,550
      511,888

Energy (0.2%):

         

Lundin Energy AB

   4,861    181,529
      181,529

Financials (2.1%):

         

EQT AB

   3,620    151,400

Industrivarden AB, Class C

   6,951    216,050

Investor AB, Class B

   13,175    284,755

Kinnevik AB, Class B (a)

   3,377    119,299

L E Lundbergforetagen AB, Class B

   4,346    239,671

Skandinavisk Enskilda Banken AB

   17,513    247,953


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Sweden (6.0%): (continued)

     

Financials (2.1%): (continued)

         

Svenska Handelsbanken AB

   19,516    219,265

Swedbank AB, Class A Shares

   12,124    245,636
      1,724,029

Industrials (2.2%):

         

ALFA Laval AB

   6,266    235,286

ASSA Abloy AB

   7,113    207,836

Atlas Copco AB, Class A Shares

   3,387    205,981

Epiroc AB, Class A

   8,971    186,573

Nibe Industrier AB, Class B

   22,072    279,081

Sandvik AB

   6,495    149,329

Skanska AB

   7,819    197,193

SKF AB, Class B

   6,651    157,780

Volvo AB

   8,179    184,177
      1,803,236

Information Technology (0.5%):

         

Hexagon AB, Class B

   15,923    247,367

Telefonaktiebolaget LM Ericsson, Class B

   12,866    145,698
      393,065

Materials (0.4%):

         

Boliden AB

   4,852    156,519

Svenska Cellulosa AB SCA, Class B

   12,877    200,709
          357,228
      4,970,975

Switzerland (7.0%):

     

Communication Services (0.5%):

         

Swisscom AG

   778    448,699
      448,699

Consumer Discretionary (0.3%):

         

CIE Financiere Richemont SA

   1,973    206,278
      206,278

Consumer Staples (0.9%):

         

Barry Callebaut AG

   156    354,926

Chocoladefabriken Lindt & Spruengli AG

   34    380,210
      735,136

Financials (0.9%):

         

Julius Baer Group Ltd.

   3,113    208,202

Partners Group Holding AG

   193    303,750

Swiss Life Holding AG

   487    247,472
      759,424

Health Care (0.6%):

         

Sonova Holding AG

   643    245,110

Straumann Holding AG

   146    263,781
      508,891

Industrials (1.9%):

         

ABB Ltd.

   8,851    298,168

Geberit AG

   483    357,144

Kuehne & Nagel International AG

   862    295,474

Schindler Holding AG

   934    251,793


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Switzerland (7.0%): (continued)

     

Industrials (1.9%): (continued)

         

SGS SA

   116    339,361
      1,541,940

Information Technology (0.5%):

         

Logitech International SA, Class R

   1,347    120,360

Stmicroelectronics N.V.

   3,941    172,377

Temenos AG

   933    127,263
      420,000

Materials (1.4%):

         

EMS-Chemie Holding AG

   334    316,866

Givaudan SA

   72    329,324

Holcim, Ltd.

   4,238    205,305

Sika AG

   877    279,345
          1,130,840
      5,751,208

United Kingdom (6.8%):

     

Communication Services (0.2%):

         

BT Group PLC (a)

   66,687    143,566
      143,566

Consumer Discretionary (0.9%):

         

Barratt Developments PLC

   12,911    114,868

Burberry Group PLC

   6,373    155,831

JD Sports Fashion PLC

   11,110    156,933

Next PLC

   1,496    165,506

Persimmon PLC

   3,225    115,917
      709,055

Consumer Staples (0.1%):

         

Associated British Foods PLC

   4,697    117,697
      117,697

Financials (1.9%):

         

3I Group PLC

   12,489    215,615

Admiral Group PLC

   5,891    246,662

Hargreaves Lansdown PLC

   7,053    136,018

Legal & General Group PLC

   36,464    138,089

Lloyds Banking Group PLC

   216,600    135,893

London Stock Exchange Group

   1,690    169,619

Phoenix Group Holdings PLC

   22,358    194,459

Schroders PLC

   4,136    200,314

Standard Chartered PLC

   20,102    118,075
      1,554,744

Health Care (0.2%):

         

Smith & Nephew PLC

   9,322    161,629
      161,629

Industrials (1.8%):

         

Ashtead Group PLC

   3,370    256,332

Bunzl PLC

   7,927    262,176

Ferguson PLC

   1,798    250,341

Intertek Group PLC

   2,672    179,158

Rentokil Initial PLC

   32,082    252,237


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan International ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

United Kingdom (6.8%): (continued)

     

Industrials (1.8%): (continued)

         

Spirax-Sarco Engineering PLC

   1,484    299,287
      1,499,531

Information Technology (0.5%):

         

AVEVA Group PLC

   3,167    153,597

Halma PLC

   6,887    263,686
      417,283

Materials (0.9%):

         

Anglo American PLC

   3,481    122,985

Croda International PLC

   2,663    306,524

Mondi PLC

   7,614    187,663

Rio Tinto PLC

   2,349    155,491
      772,663

Utilities (0.3%):

         

SSE PLC

   10,274    217,444
          217,444
      5,593,612

United States (0.5%):

     

Industrials (0.5%):

         

Waste Connections, Inc.

   3,031    382,082
      382,082

Total Common Stocks (Cost $73,728,270)

      81,954,942

Total Investments (Cost $73,728,270) — 99.3%

        81,954,942

Other assets in excess of liabilities — 0.7%

        613,152

NET ASSETS - 100.00%

        82,568,094

Percentages indicated are based on net assets as of September 30, 2021.

 

(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 December Future (U.S. Dollar)

   12/20/21    3    $ 340,050       $ (15,007)  
           

 

 

 
             $ (15,007)  
           

 

 

 


Schedule of Portfolio Investments

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Common Stocks (99.7%)

     

Communication Services (0.7%):

         

Cable One, Inc.

   31    56,207

Liberty Broadband Corp., Class C(a)

   435    75,124
      131,331

Consumer Discretionary (9.4%):

         

Aptiv PLC(a)

   343    51,097

AutoZone, Inc.(a)

   52    88,296

Booking Holdings, Inc.(a)

   18    42,730

BorgWarner, Inc.

   1,030    44,506

Bright Horizons Family Solutions, Inc.(a)

   294    40,990

CarMax, Inc.(a)

   383    49,009

Chipotle Mexican Grill, Inc.(a)

   37    67,248

Deckers Outdoor Corp.(a)

   140    50,428

Dollar General Corp.

   364    77,219

Dollar Tree, Inc.(a)

   497    47,573

Domino’s Pizza, Inc.

   179    85,376

DR Horton, Inc.

   470    39,466

Five Below, Inc.(a)

   242    42,788

Floor & Decor Holdings, Inc., Class A(a)

   374    45,175

Garmin Ltd.

   569    88,457

Gentex Corp.

   2,077    68,499

Genuine Parts Co.

   533    64,616

Lear Corp.

   273    42,719

Lennar Corp.

   375    35,130

Lithia Motors, Inc.

   85    26,948

LKQ Corp.(a)

   1,129    56,811

Lowe’s Cos., Inc.

   307    62,278

Mohawk Industries, Inc.(a)

   213    37,786

NVR, Inc.(a)

   11    52,735

O’Reilly Automotive, Inc.(a)

   149    91,048

Peloton Interactive, Inc., Class A(a)

   208    18,106

Pool Corp.

   134    58,211

Pultegroup, Inc.

   816    37,471

RH(a)

   58    38,681

Ross Stores, Inc.

   351    38,206

Service Corp. International

   1,282    77,253

Tesla, Inc.(a)

   34    26,366

Tractor Supply Co.

   326    66,051

Vail Resorts, Inc.(a)

   160    53,448

Wayfair, Inc., Class A(a)

   78    19,930
      1,832,651

Consumer Staples (3.8%):

         

Bunge, Ltd.

   752    61,153

Campbell Soup Co.

   1,483    62,004

Conagra Brands, Inc.

   2,191    74,209

Costco Wholesale Corp.

   258    115,932

Darling Ingredients, Inc.(a)

   537    38,610

Hormel Foods Corp.

   1,862    76,342


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Consumer Staples (3.8%): (continued)

         

Lamb Weston Holding, Inc.

   601    36,884

McCormick & Co., Inc.

   969    78,518

Monster Beverage Corp.(a)

   764    67,866

The JM Smucker Co.

   557    66,857

Tyson Foods, Inc., Class A

   847    66,862
      745,237

Energy (0.8%):

         

Kinder Morgan, Inc.

   3,376    56,481

ONEOK, Inc.

   730    42,333

The Williams Cos., Inc.

   2,127    55,174
      153,988

Financials (13.2%):

         

Aflac, Inc.

   1,199    62,504

Alleghany Corp.(a)

   89    55,573

American Financial Group, Inc.

   384    48,319

Apollo Global Management, Inc.

   1,050    64,670

Arch Capital Group Ltd.(a)

   1,435    54,788

Ares Management Corp., Class A

   1,326    97,899

Arthur J Gallagher & Co.

   699    103,906

Athene Holding, Ltd., Class A(a)

   843    58,057

BlackRock, Inc.

   86    72,125

Brown & Brown, Inc.

   1,747    96,871

Cboe Global Markets, Inc.

   571    70,724

Cincinnati Financial Corp.

   452    51,627

Commerce Bancshares, Inc.

   765    53,305

East West Bancorp, Inc.

   508    39,390

Erie Indemnity Co., Class A

   322    57,451

Everest Re Group, Ltd.

   237    59,435

FactSet Research Systems, Inc.

   238    93,958

First Horizon Corp.

   2,294    37,369

First Republic Bank

   361    69,630

Franklin Resources, Inc.

   1,447    43,005

Globe Life, Inc.

   635    56,534

Interactive Brokers Group, Inc.

   778    48,501

Intercontinental Exchange, Inc.

   721    82,785

Invesco Ltd.

   1,510    36,406

LPL Financial Holdings, Inc.

   350    54,866

Markel Corp.(a)

   54    64,537

MarketAxess Holdings, Inc.

   90    37,862

Morningstar, Inc.

   275    71,233

MSCI, Inc.

   126    76,651

Nasdaq, Inc.

   492    94,966

Principal Financial Group, Inc.

   732    47,141

Reinsurance Group of America, Inc.

   294    32,710

RenaissancereRe Holdings, Ltd.

   401    55,899

Santander Consumer USA Holdings, Inc.

   1,602    66,803

SEI Investments Co.

   988    58,588

Signature Bank

   143    38,936


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Financials (13.2%): (continued)

         

SVB Financial Group(a)

   93    60,160

The Carlyle Group, Inc.

   1,772    83,780

The Charles Schwab Corp.

   764    55,650

Tradeweb Markets, Inc., Class A

   741    59,858

Western Alliance Bancorp

   380    41,352

WR Berkley Corp.

   797    58,325
      2,574,149

Health Care (15.6%):

         

ABIOMED, Inc.(a)

   144    46,875

Agilent Technologies, Inc.

   585    92,155

Align Technology, Inc.(a)

   52    34,602

Amedisys, Inc.(a)

   194    28,925

Amgen, Inc.

   293    62,306

Avantor, Inc.(a)

   1,495    61,145

Baxter International, Inc.

   978    78,660

BioMarin Pharmaceutical, Inc.(a)

   447    34,549

Bio-Rad Laboratories, Inc., Class A(a)

   86    64,152

Bruker Corp.

   863    67,400

Cardinal Health, Inc.

   935    46,245

Catalent, Inc.(a)

   455    60,547

Centene Corp.(a)

   830    51,717

Cerner Corp.

   1,163    82,015

Charles River Laboratories International, Inc.(a)

   185    76,344

Danaher Corp.

   307    93,463

DaVita, Inc.(a)

   566    65,803

Denali Therapeutics, Inc.(a)

   413    20,836

Dexcom, Inc.(a)

   111    60,701

Edwards Lifesciences Corp.(a)

   752    85,134

Encompass Health Corp.

   780    58,531

HCA Healthcare, Inc.

   262    63,593

Henry Schein, Inc.(a)

   768    58,491

Horizon Therapeutics PLC(a)

   343    37,572

Humana, Inc.

   157    61,097

IDEXX Laboratories, Inc.(a)

   103    64,056

Illumina, Inc.(a)

   101    40,967

Insulet Corp.(a)

   143    40,645

Intuitive Surgical, Inc.(a)

   71    70,585

IQVIA Holdings, Inc.(a)

   318    76,174

Jazz Pharmaceuticals PLC(a)

   310    40,365

Masimo Corp.(a)

   236    63,888

Mettler-Toledo International, Inc.(a)

   53    73,000

Molina Healthcare, Inc.(a)

   192    52,091

Neurocrine Biosciences, Inc.(a)

   393    37,693

Novocure, Ltd.(a)

   233    27,068

PerkinElmer, Inc.

   395    68,450

PPD, Inc.(a)

   1,353    63,307

Regeneron Pharmaceuticals, Inc.(a)

   118    71,411

Repligen Corp.(a)

   193    55,775


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Health Care (15.6%): (continued)

         

ResMed, Inc.

   294    77,484

Seagen, Inc.(a)

   275    46,695

STERIS PLC

   366    74,766

Stryker Corp.

   262    69,095

Syneos Health, Inc.(a)

   622    54,413

Teleflex, Inc.

   147    55,353

Veeva Systems, Inc., Class A(a)

   170    48,989

Vertex Pharamaceuticals, Inc.(a)

   224    40,631

Waters Corp.(a)

   206    73,604

West Pharmaceutical Services, Inc.

   212    90,002

Zoetis, Inc.

   474    92,022
      3,061,387

Industrials (22.6%):

         

A O Smith Corp.

   879    53,680

Advanced Drainage Systems, Inc.

   339    36,670

AGCO Corp.

   329    40,312

Allegion PLC

   449    59,349

AMERCO, Inc.

   109    70,417

AMETEK, Inc.

   571    70,810

Builders FirstSource, Inc.(a)

   746    38,598

Carlisle Companies, Inc.

   377    74,944

Carrier Global Corp.

   1,287    66,615

Caterpillar, Inc.

   254    48,760

CH Robinson Worldwide, Inc.

   633    55,071

Cintas Corp.

   175    66,615

Copart, Inc.(a)

   580    80,458

Costar Group, Inc.(a)

   592    50,947

CSX Corp.

   2,227    66,231

Deere & Co.

   158    52,941

Dover Corp.

   571    88,790

Eaton Corp. PLC

   477    71,221

Emerson Electric Co.

   665    62,643

Enphase Energy, Inc.(a)

   155    23,245

Equifax, Inc.

   326    82,615

Expeditors International of Washington, Inc.

   738    87,918

Fastenal Co.

   1,385    71,480

Fortive Corp.

   966    68,171

Fortune Brands Home & Security, Inc.

   566    50,612

Generac Holdings, Inc.(a)

   113    46,180

General Dynamics Corp.

   417    81,744

Graco, Inc.

   1,110    77,667

HEICO Corp.

   427    56,308

Honeywell International, Inc.

   310    65,807

Howmet Aerospace, Inc.

   1,168    36,442

Hubbell, Inc.

   372    67,209

IAA, Inc.(a)

   932    50,859

IDEX Corp.

   329    68,087

Illinois Tool Works, Inc.

   371    76,660


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Industrials (22.6%): (continued)

         

J.B. Hunt Transport Services, Inc.

   379    63,376

Jacobs Engineering Group, Inc.

   470    62,289

Johnson Controls International PLC

   1,110    75,569

Kansas City Southern

   228    61,706

Lennox International, Inc.

   203    59,716

Masco Corp.

   1,074    59,661

Nordson Corp.

   336    80,018

Norfolk Southern Corp.

   262    62,683

Old Dominion Freight Line, Inc.

   261    74,641

Otis Worldwide Corp.

   1,031    84,831

PACCAR, Inc.

   701    55,323

Parker Hannifin Corp.

   171    47,815

Quanta Services, Inc.

   570    64,877

Republic Services, Inc.

   911    109,375

Robert Half International, Inc.

   563    56,486

Rockwell Automation, Inc.

   254    74,686

Rollins, Inc.

   1,627    57,482

Roper Technologies, Inc.

   162    72,273

Snap-on, Inc.

   246    51,402

Teledyne Technologies, Inc.(a)

   134    57,564

The Middleby Corp.(a)

   257    43,821

Toro Co.

   798    77,733

Trane Technologies PLC

   394    68,024

TransDigm Group, Inc.(a)

   86    53,713

TransUnion

   603    67,723

Trex Co., Inc.(a)

   442    45,053

Union Pacific Corp.

   308    60,371

United Rentals, Inc.(a)

   124    43,515

Verisk Analytics, Inc.

   391    78,306

Waste Management, Inc.

   697    104,104

Watsco, Inc.

   194    51,336

Westinghouse Air Brake Technologies Corp.

   599    51,640

WW Grainger, Inc.

   183    71,930

XPO Logistics, Inc.(a)

   332    26,421

Xylem, Inc.

   667    82,495
      4,424,034

Information Technology (17.1%):

         

Advanced Micro Devices, Inc.(a)

   420    43,218

Akamai Technologies, Inc.(a)

   543    56,792

Amphenol Corp., Class A

   1,074    78,649

Analog Devices, Inc.

   383    64,145

ANSYS, Inc.(a)

   133    45,280

Arista Networks, Inc.(a)

   154    52,921

Aspen Technology, Inc.(a)

   257    31,560

Black Knight, Inc.(a)

   919    66,168

Broadcom, Inc.

   116    56,252

Broadridge Financial Solutions, Inc.

   502    83,653

Cadence Design Systems, Inc.(a)

   331    50,127


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Information Technology (17.1%): (continued)

         

CDW Corp.

   340    61,887

Ciena Corp.(a)

   768    39,437

Citrix Systems, Inc.

   359    38,546

Cognex Corp.

   631    50,619

Cognizant Technology Solutions Corp., Class A

   848    62,930

Dolby Laboratories, Inc.

   685    60,280

Dynatrace, Inc.(a)

   625    44,356

Entegris, Inc.

   355    44,694

EPAM Systems, Inc.(a)

   118    67,317

F5 Networks, Inc.(a)

   279    55,460

Fair Isaac Corp.(a)

   94    37,405

Fidelity National Information Services, Inc.

   434    52,809

First Solar, Inc.(a)

   391    37,325

Fiserv, Inc.(a)

   507    55,009

FleetCor Technologies, Inc.(a)

   166    43,371

Fortinet, Inc.(a)

   243    70,966

Gartner, Inc.(a)

   297    90,252

II-VI, Inc.(a)

   448    26,593

IPG Photonics Corp.(a)

   205    32,472

Jack Henry & Associates, Inc.

   377    61,851

Keysight Technologies, Inc.(a)

   446    73,273

KLA Corp.

   112    37,465

Lam Research Corp.

   58    33,011

Leidos Holdings, Inc.

   599    57,582

Manhattan Associates, Inc.(a)

   399    61,059

Marvell Technology, Inc.

   774    46,680

Microchip Technology, Inc.

   265    40,675

Micron Technology, Inc.

   445    31,586

MKS Instruments, Inc.

   207    31,238

Monolithic Power Systems, Inc.

   99    47,983

NetApp, Inc.

   614    55,113

NVIDIA Corp.

   276    57,176

NXP Semiconductors NV

   212    41,524

ON Semiconductor Corp.(a)

   918    42,017

Paychex, Inc.

   869    97,719

Paycom Software, Inc.(a)

   112    55,524

Paylocity Holding Corp.(a)

   221    61,968

PTC, Inc.(a)

   304    36,416

Qorvo, Inc.(a)

   199    33,271

Seagate Technology Holdings PLC

   644    53,143

ServiceNow, Inc.(a)

   84    52,271

Skyworks Solutions, Inc.

   213    35,098

SS&C Technologies Holdings, Inc.

   1,025    71,135

Synopsys, Inc.(a)

   191    57,187

TE Connectivity Ltd.

   513    70,394

Teradyne, Inc.

   295    32,205

The Trade Desk, Inc., Class A(a)

   391    27,487

The Western Union Co.

   2,400    48,528

Trimble, Inc.(a)

   666    54,778


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Information Technology (17.1%): (continued)

         

Tyler Technologies, Inc.(a)

   126    57,790

Universal Display Corp.

   190    32,482

VeriSign, Inc.(a)

   352    72,164

Western Digital Corp.(a)

   470    26,527

Zebra Technologies Corp.(a)

   106    54,635
      3,349,448

Materials (7.6%):

         

Albemarle Corp.

   239    52,334

AptarGroup, Inc.

   596    71,132

Avery Dennison Corp.

   304    62,992

Ball Corp.

   810    72,876

Celanese Corp.

   390    58,750

CF Industries Holdings, Inc.

   959    53,531

Corteva, Inc.

   1,159    48,771

Crown Holdings, Inc.

   615    61,980

Eastman Chemical Co.

   493    49,665

FMC Corp.

   590    54,020

Freeport-McMoRan, Inc.

   1,025    33,343

International Flavors & Fragrances, Inc.

   371    49,610

International Paper Co.

   1,004    56,144

LyondellBasell Industries NV, Class A

   412    38,666

Martin Marietta Materials, Inc.

   150    51,252

Newmont Corp.

   869    47,187

Nucor Corp.

   630    62,049

Packaging Corp. of America

   475    65,284

PPG Industries, Inc.

   454    64,926

Reliance Steel & Aluminum Co.

   396    56,398

RPM International, Inc.

   916    71,127

Steel Dynamics, Inc.

   862    50,410

The Mosaic Co.

   1,061    37,899

The Scotts Miracle-Gro Co.

   183    26,784

The Sherwin-Williams Co.

   315    88,115

Vulcan Materials Co.

   313    52,947

Westlake Chemical Corp.

   529    48,213
      1,486,405

Real Estate (0.4%):

         

CBRE Group, Inc., Class A(a)

   558    54,327

eXp World Holdings, Inc.

   430    17,101
      71,428

Utilities (8.5%):

         

Alliant Energy Corp.

   1,530    85,649

Ameren Corp.

   1,056    85,536

American Electric Power Co., Inc.

   987    80,125

American Water Works Co., Inc.

   514    86,887

Atmos Energy Corp.

   736    64,915

CMS Energy Corp.

   1,422    84,936

Consolidated Edison, Inc.

   1,092    79,268

DTE Energy Co.

   576    64,345


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan US Large/Mid Cap Core Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Utilities (8.5%): (continued)

         

Entergy Corp.

   715    71,007

Essential Utilities, Inc.

   1,574    72,530

Evergy, Inc.

   1,081    67,238

Eversource Energy

   900    73,584

FirstEnergy Corp.

   1,217    43,350

NextEra Energy, Inc.

   862    67,684

NRG Energy, Inc.

   1,133    46,260

Pinnacle West Capital Corp.

   869    62,881

PPL Corp.

   2,467    68,780

Public Service Enterprise Group, Inc.

   1,171    71,314

The AES Corp.

   1,859    42,441

The Southern Co.

   1,418    87,873

UGI Corp.

   1,421    60,563

Vistra Corp.

   2,229    38,116

WEC Energy Group, Inc.

   898    79,204

Xcel Energy, Inc.

   1,187    74,187
          1,658,673

Total Common Stocks (Cost $20,403,484)

        19,488,731
     

Investment Company (0.3%)

     

BlackRock Liquidity Funds T-Fund, Institutional Class, 0.01%(b)

   64,969    64,969

Total Investment Company (Cost $64,969)

      64,969

Total Investments (Cost $20,468,453) — 100.0%

        19,553,700

Other assets in excess of liabilities — 0.0%

        4,219

NET ASSETS - 100.00%

        19,557,919

Percentages indicated are based on net assets as of September 30, 2021.

 

(a)

Non-income producing security.

 

(b)

Rate disclosed is the daily yield on September 30, 2021.


Schedule of Portfolio Investments

September 30, 2021

 

Timothy Plan High Dividend Stock Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Common Stocks (99.5%)

     

Consumer Discretionary (4.3%):

         

BorgWarner, Inc.

   2,717    117,402

Garmin Ltd.

   1,498    232,879

Genuine Parts Co.

   1,405    170,328

Service Corp. International

   3,377    203,498
      724,107

Consumer Staples (8.1%):

         

Bunge, Ltd.

   1,982    161,176

Campbell Soup Co.

   3,905    163,268

Conagra Brands, Inc.

   5,772    195,498

Costco Wholesale Corp.

   680    305,558

Hormel Foods Corp.

   4,903    201,023

The JM Smucker Co.

   1,469    176,324

Tyson Foods, Inc., Class A

   2,231    176,115
      1,378,962

Energy (2.4%):

         

Kinder Morgan, Inc.

   8,900    148,897

ONEOK, Inc.

   1,924    111,573

The Williams Cos., Inc.

   5,612    145,575
      406,045

Financials (16.7%):

         

Aflac, Inc.

   3,161    164,783

American Financial Group, Inc.

   1,011    127,214

Apollo Global Management, Inc.

   2,767    170,420

Ares Management Corp., Class A

   3,492    257,814

Arthur J Gallagher & Co.

   1,842    273,813

BlackRock, Inc.

   230    192,892

Cboe Global Markets, Inc.

   1,504    186,285

Cincinnati Financial Corp.

   1,194    136,379

East West Bancorp, Inc.

   1,340    103,904

Erie Indemnity Co., Class A

   849    151,479

Everest Re Group, Ltd.

   625    156,738

First Horizon Corp.

   6,050    98,554

Franklin Resources, Inc.

   3,818    113,471

Invesco Ltd.

   3,982    96,006

Principal Financial Group, Inc.

   1,928    124,163

Reinsurance Group of America, Inc.

   775    86,226

Santander Consumer USA Holdings, Inc.

   4,220    175,974

The Carlyle Group, Inc.

   4,671    220,845
      2,836,960

Health Care (1.7%):

         

Amgen, Inc.

   772    164,166

Cardinal Health, Inc.

   2,465    121,919
      286,085

Industrials (22.5%):

         

A O Smith Corp.

   2,315    141,377

Caterpillar, Inc.

   670    128,620


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan High Dividend Stock Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Industrials (22.5%): (continued)

         

CH Robinson Worldwide, Inc.

   1,668    145,116

Dover Corp.

   1,502    233,561

Eaton Corp. PLC

   1,258    187,832

Emerson Electric Co.

   1,753    165,133

Fastenal Co.

   3,646    188,170

General Dynamics Corp.

   1,098    215,241

Honeywell International, Inc.

   821    174,282

Hubbell, Inc.

   981    177,237

Illinois Tool Works, Inc.

   977    201,877

Johnson Controls International PLC

   2,924    199,066

PACCAR, Inc.

   1,849    145,923

Republic Services, Inc.

   2,400    288,144

Robert Half International, Inc.

   1,484    148,890

Rockwell Automation, Inc.

   670    197,007

Snap-on, Inc.

   649    135,609

Union Pacific Corp.

   811    158,964

Waste Management, Inc.

   1,835    274,076

Watsco, Inc.

   512    135,485

WW Grainger, Inc.

   486    191,027
      3,832,637

Information Technology (9.0%):

         

Analog Devices, Inc.

   1,009    168,987

Broadcom, Inc.

   306    148,389

Broadridge Financial Solutions, Inc.

   1,326    220,965

Cognex Corp.

   1,665    133,566

NetApp, Inc.

   1,620    145,411

Paychex, Inc.

   2,291    257,623

Seagate Technology Holdings PLC

   1,699    140,201

TE Connectivity Ltd.

   1,352    185,521

The Western Union Co.

   6,325    127,892
      1,528,555

Materials (11.5%):

         

Celanese Corp.

   1,027    154,707

CF Industries Holdings, Inc.

   2,526    141,001

Eastman Chemical Co.

   1,299    130,861

FMC Corp.

   1,555    142,376

International Flavors & Fragrances, Inc.

   978    130,778

International Paper Co.

   2,644    147,853

LyondellBasell Industries NV, Class A

   1,086    101,921

Newmont Corp.

   2,290    124,347

Nucor Corp.

   1,661    163,592

Packaging Corp. of America

   1,251    171,937

Reliance Steel & Aluminum Co.

   1,042    148,402

RPM International, Inc.

   2,413    187,369

Steel Dynamics, Inc.

   2,272    132,867

The Scotts Miracle-Gro Co.

   486    71,131
      1,949,142


Schedule of Portfolio Investments — continued

September 30, 2021

 

Timothy Plan High Dividend Stock Enhanced ETF    (Unaudited)
       

 

SECURITY DESCRIPTION    SHARES    VALUE ($)

Utilities (23.3%):

         

Alliant Energy Corp.

   4,027    225,431

Ameren Corp.

   2,782    225,342

American Electric Power Co., Inc.

   2,599    210,987

Atmos Energy Corp.

   1,940    171,108

CMS Energy Corp.

   3,748    223,868

Consolidated Edison, Inc.

   2,875    208,696

DTE Energy Co.

   1,517    169,464

Entergy Corp.

   1,880    186,703

Essential Utilities, Inc.

   4,145    191,002

Evergy, Inc.

   2,843    176,835

Eversource Energy

   2,369    193,689

FirstEnergy Corp.

   3,206    114,198

NRG Energy, Inc.

   2,984    121,837

Pinnacle West Capital Corp.

   2,292    165,849

PPL Corp.

   6,496    181,108

Public Service Enterprise Group, Inc.

   3,083    187,755

The AES Corp.

   4,897    111,799

The Southern Co.

   3,732    231,272

UGI Corp.

   3,743    159,527

Vistra Corp.

   5,871    100,394

WEC Energy Group, Inc.

   2,364    208,505

Xcel Energy, Inc.

   3,125    195,312
          3,960,681

Total Common Stocks (Cost $17,677,274)

        16,903,174
     

Investment Company (0.3%)

     

BlackRock Liquidity Funds T-Fund, Institutional Class, 0.01%(a)

   47,301    47,301

Total Investment Company (Cost $47,301)

      47,301

Total Investments (Cost $17,724,575) — 99.8%

        16,950,475

Other assets in excess of liabilities — 0.2%

        38,147

NET ASSETS - 100.00%

        16,988,622

Percentages indicated are based on net assets as of September 30, 2021.

 

(a)

Rate disclosed is the daily yield on September 30, 2021.