Schedule of Portfolio Investments
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (99.6%)
Communication Services (1.9%):
Advantage Solutions, Inc.(a)	17,775	37,861
Boston Omaha Corp., Class A(a)	4,531	104,394
Cars.com, Inc.(a)	8,041	92,471
EchoStar Corp., Class A(a)	5,176	85,249
Gray Television, Inc.	6,369	91,204
IDT Corp., Class B(a)	2,665	66,172
PubMatic, Inc.(a)	2,681	44,585
Sciplay Corp., Class A(a)	8,200	96,432
Shenandoah Telecommunication Co.	6,593	112,213
The EW Scripps Co., Class A(a)	7,428	83,714
Thryv Holdings, Inc.(a)	3,797	86,685
US Cellular Corp.(a)	5,372	139,833
			1,040,813
Consumer Discretionary (12.4%):
1-800-Flowers.com, Inc., Class A(a)	6,470	41,990
Aaron S Co., Inc. The	4,794	46,598
Academy Sports Outdoors, Inc.	2,672	112,705
American Axle & Manufacturing Holdings, Inc.(a)	14,167	96,761
Arko Corp.	13,272	124,624
Big Lots, Inc.	2,731	42,631
Bloomin’ Brands, Inc.	4,883	89,505
Boot Barn Holdings, Inc.(a)	1,107	64,715
Brinker International, Inc.(a)	2,873	71,768
Caleres, Inc.	4,657	112,793
Camping World Holdings, Inc., Class A	4,133	104,648
Carriage Services, Inc.	2,958	95,129
Cavco Industries, Inc.(a)	563	115,843
Century Communities, Inc.	2,479	106,052
Cheesecake Factory, Inc.	3,027	88,631
Chuy’s Holdings, Inc.(a)	4,201	97,379
Clarus Corp.	6,443	86,787
Dana, Inc.	6,606	75,507
Dave & Buster’s Entertainment, Inc.(a)	2,051	63,643
Denny’s Corp.(a)	9,390	88,360
Dine Brands Global, Inc.	1,468	93,306
Dorman Products, Inc.(a)	1,847	151,676
Dream Finders Homes, Inc., Class A(a)	6,015	63,759
Ethan Allen Interiors, Inc.	5,430	114,790
Fossil Group, Inc.(a)	6,755	23,102
Franchise Group, Inc.	2,895	70,348
Frontdoor, Inc.(a)	4,512	92,000
Funko, Inc., Class A(a)	5,624	113,717
Genesco, Inc.(a)	1,521	59,806
Gentherm, Inc.(a)	1,563	77,728
G-III Apparel Group Ltd.(a)	3,954	59,112
GoPro, Inc., Class A(a)	15,158	74,729
Graham Holdings Co., Class B	321	172,692

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Consumer Discretionary (12.4%): (continued)
Green Brick Partners, Inc.(a)	5,725	122,400
Groupon, Inc.(a)	3,465	27,581
Guess?, Inc.	3,996	58,621
iRobot Corp.(a)	1,734	97,676
Jack In The Box, Inc.	1,848	136,881
Johnson Outdoors, Inc., Class A	2,240	114,934
Kontoor Brands, Inc.	2,791	93,806
La Z Boy, Inc.	4,789	108,088
M/I Homes, Inc.(a)	3,084	111,733
Malibu Boats, Inc.(a)	2,352	112,872
MarineMax, Inc.(a)	2,907	86,600
Monro, Inc.	2,971	129,120
Movado Group, Inc.	2,852	80,369
National Vision Holdings, Inc.(a)	3,006	98,146
Ollie’s Bargain Outlet Holdings, Inc.(a)	1,914	98,762
OneWater Marine, Inc.(a)	3,150	94,846
Oxford Industries, Inc.	1,497	134,401
Patrick Industries, Inc.	2,192	96,097
Perdoceo Education Corp.(a)	15,601	160,690
Qurate Retail, Inc.	18,144	36,469
Rent-A-Center, Inc.	3,905	68,377
Ruth’s Hospitality Group, Inc.	5,537	93,354
Sally Beauty Holdings, Inc.(a)	6,648	83,765
Shoe Carnival, Inc.	3,330	71,395
Smith & Wesson Brands, Inc.	6,417	66,544
Sonic Automotive, Inc., Class A	2,914	126,176
Standard Motor Products	4,575	148,687
Strategic Education, Inc.	1,680	103,169
Stride, Inc.(a)	3,085	129,663
Sturm Ruger & Co.	2,443	124,080
The Buckle, Inc.	3,312	104,858
The Children’s Place, Inc.(a)	1,628	50,289
Tri Pointe Group, Inc.(a)	7,404	111,874
Tupperware Corp.(a)	4,667	30,569
Vista Outdoor, Inc.(a)	3,543	86,166
Winmark Corp.	723	156,414
Winnebago Industries, Inc.	2,128	113,231
Wolverine World Wide, Inc.	6,056	93,202
XPEL, Inc.(a)	1,975	127,269
Zumiez, Inc.(a)	2,587	55,698
		6,837,706
Consumer Staples (6.1%):
B&G Foods, Inc.	6,879	113,435
BellRing Brands, Inc.(a)	4,411	90,911
Central Garden And Pet Co., Class A(a)	4,362	149,006
Edgewell Personal Care Co.	3,767	140,886
elf Beauty, Inc.(a)	5,497	206,797
Energizer Holdings, Inc.	6,748	169,645
Fresh Del Monte Produce, Inc.	6,085	141,415

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Consumer Staples (6.1%): (continued)
Grocery Outlet Holding Corp.(a)	3,605	120,011
Hostess Brands, Inc.(a)	9,601	223,127
Ingles Markets, Inc.	1,756	139,093
Inter Parfums, Inc.	1,817	137,111
John B. Sanfilippo & Son, Inc.	3,184	241,124
Medifast, Inc.	687	74,443
Mission Produce, Inc.(a)	11,246	162,617
Nu Skin Enterprises, Inc., Class A	2,727	91,000
PriceSmart, Inc.	2,116	121,860
SpartanNash Co.	4,969	144,200
The Andersons, Inc.	2,745	85,177
Tootsie Roll Industries, Inc.	5,295	176,218
United Natural Foods, Inc.(a)	2,327	79,979
Usana Health Sciences, Inc.(a)	2,395	134,240
Utz Brands, Inc.	8,442	127,474
WD-40 Co.	874	153,597
Weis Markets, Inc.	2,313	164,778
		3,388,144
Energy (2.3%):
Arch Resources, Inc.	693	82,190
Archrock, Inc.	14,359	92,185
Brigham Minerals, Inc.	4,762	117,479
Chord Energy Corp.	877	119,947
CONSOL Energy, Inc.	1,800	115,776
Core Laboratories N.V.	2,775	37,407
CVR Energy, Inc.	3,304	95,750
Gulfport Energy Corp.(a)	1,430	126,255
Laredo Petroleum, Inc.(a)	731	45,943
Noble Corp. PLC(a)	3,188	94,301
PBF Energy, Inc.(a)	2,396	84,243
Peabody Energy Corp.(a)	1,797	44,601
Permian Resources Corp.(a)	8,482	57,678
RPC, Inc.	6,703	46,452
World Fuel Services Corp.	5,133	120,317
		1,280,524
Financials (26.0%):
1st Source Corp.	4,391	203,303
Amerant BanCorp, Inc.	5,332	132,447
Amerisafe, Inc.	3,609	168,649
AssetMark Financial Holdings, Inc.(a)	8,936	163,439
B Riley Financial, Inc.	1,924	85,656
Banc of California, Inc.	8,188	130,762
Bancfirst Corp.	2,721	243,448
Banner Corp.	3,026	178,776
Berkshire Hills BanCorp, Inc.	6,167	168,359
BGC Partners, Inc., Class A	37,828	118,780
Brightsphere Investment Group, Inc.	6,763	100,836
Brookline BanCorp, Inc.	13,838	161,213
Capitol Federal Financial, Inc.	23,926	198,586

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Financials (26.0%): (continued)
City Holding Co.	3,051	270,593
CNO Financial Group, Inc.	7,317	131,486
Columbia Banking System, Inc.	4,611	133,212
Columbia Financial, Inc.(a)	10,929	230,930
ConnectOne BanCorp, Inc.	5,983	137,968
Customers BanCorp, Inc.(a)	2,015	59,402
Dime Community Bancshares, Inc.	5,841	171,024
Donnelley Financial Solutions, Inc.(a)	3,596	132,944
Employers Holdings, Inc.	5,316	183,349
Encore Capital Group, Inc.(a)	2,996	136,258
Enova International, Inc.(a)	3,039	88,952
Enterprise Financial Services Corp.	4,504	198,356
FB Financial Corp.	4,332	165,526
Federal Agricultural Mortgage Corp., Class C	1,645	163,085
First BanCorp.	10,576	144,680
First BanCorp.	4,211	154,038
First Busey Corp.	7,388	162,388
First Commonwealth Financial Corp.	12,761	163,851
First Financial BanCorp.	8,075	170,221
First Foundation, Inc.	7,126	129,266
First Merchants Corp.	4,645	179,669
FirstCash Holdings, Inc.	2,065	151,468
Fulton Financial Corp.	11,434	180,657
Genworth Financial, Inc.(a)	35,371	123,799
German American BanCorp, Inc.	4,772	170,408
Green Dot Corp., Class A(a)	4,530	85,979
Heartland Financial USA, Inc.	3,984	172,746
Hilltop Holdings, Inc.	6,396	158,941
Hope BanCorp, Inc.	10,808	136,613
Horace Mann Educators	5,435	191,801
International Bancshares Corp.	4,186	177,905
Lakeland BanCorp, Inc.	12,577	201,358
Lakeland Financial Corp.	2,436	177,365
Lendingclub Corp.(a)	3,488	38,542
Lendingtree, Inc.(a)	825	19,685
Live Oak Bancshares, Inc.	2,112	64,627
Merchants BanCorp	6,318	145,756
Meta Financial Group, Inc.	2,916	96,111
Metropolitan Bank Holding Corp.(a)	1,388	89,332
National Bank Holdings Corp., Class A	4,718	174,519
Navient Corp.	7,776	114,229
NBT BanCorp, Inc.	5,843	221,742
Nicolet Bankshares, Inc.(a)	2,425	170,817
NMI Holdings, Inc.(a)	7,316	149,027
Northwest Bancshares, Inc.	17,760	239,938
Oceanfirst Financial Corp.	9,917	184,853
OFG BanCorp	5,975	150,152
Open Lending Corp.(a)	4,747	38,166
Origin BanCorp, Inc.	4,911	188,926
Palomar Holdings, Inc.(a)	1,804	151,031

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Financials (26.0%): (continued)
Park National Corp.	1,514	188,463
Piper Sandler Cos.	1,228	128,621
PJT Partners, Inc., Class A	2,558	170,926
PRA Group, Inc.(a)	4,550	149,513
Preferred Bank	2,683	175,012
Premier Financial Corp.	5,825	149,703
ProAssurance Corp.	6,795	132,570
PROG Holdings, Inc.(a)	3,865	57,898
Provident Financial Services, Inc.	10,173	198,374
Renasant Corp.	5,594	174,980
S&T BanCorp, Inc.	6,466	189,518
Safety Insurance Group, Inc.	2,854	232,772
Sandy Spring BanCorp, Inc.	4,045	142,627
Seacoast Banking Corp.	4,688	141,718
SiriusPoint, Ltd.(a)	28,005	138,625
Southside Bancshares, Inc.	5,172	182,882
Stewart Information Services	3,436	149,947
Stock Yards BanCorp, Inc.	3,386	230,282
StoneX Group, Inc.(a)	1,993	165,299
The BanCorp, Inc.(a)	4,063	89,305
Tompkins Financial Corp.	2,568	186,488
Towne Bank	6,791	182,203
TriCo Bancshares	5,063	226,063
Triumph BanCorp, Inc.(a)	1,427	77,557
Trustmark Corp.	5,895	180,564
Veritex Holdings, Inc.	4,365	116,065
Virtus Investment Partners, Inc.	655	104,486
Washington Federal, Inc.	6,480	194,270
WesBanco, Inc.	5,010	167,184
Westamerica BanCorp.	3,807	199,068
World Acceptance Corp.(a)	427	41,342
		14,392,270
Health Care (9.6%):
AdaptHealth Corp.(a)	6,428	120,718
Addus Homecare Corp.(a)	1,317	125,431
Agiliti, Inc.(a)	4,727	67,643
Allscripts Healthcare Solutions, Inc.(a)	6,536	99,543
AnaptysBio, Inc.(a)	3,932	100,305
Apollo Medical Holdings, Inc.(a)	1,317	51,363
Arcus Biosciences, Inc.(a)	2,334	61,057
Atrion Corp.	207	116,955
Avanos Medical, Inc.(a)	4,074	88,732
Aveanna Healthcare Holdings, Inc.(a)	25,097	37,646
Avid Bioservices, Inc.(a)	4,483	85,715
Bioventus, Inc.(a)	8,344	58,408
Catalyst Pharmaceuticals, Inc.(a)	12,525	160,696
Collegium Pharmaceutical, Inc.(a)	5,384	86,252
Community Health Systems, Inc.(a)	7,483	16,088
Corcept Therapeutics, Inc.(a)	4,044	103,688

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Health Care (9.6%): (continued)
CorVel Corp.(a)	843	116,697
Cross Country Healthcare, Inc.(a)	3,715	105,395
Cutera, Inc.(a)	1,509	68,810
Dynavax Technologies Corp.(a)	6,175	64,467
Emergent Biosolutions, Inc.(a)	1,880	39,461
Fulgent Genetics, Inc.(a)	1,383	52,720
Haemonetics Corp.(a)	1,789	132,440
Hanger, Inc.(a)	7,377	138,097
Harmony Biosciences Holdings, Inc.(a)	2,013	89,156
Innovage Holding Corp.(a)	9,893	58,171
Innoviva, Inc.(a)	6,875	79,819
Integer Holdings Corp.(a)	2,130	132,550
Ironwood Pharmaceuticals, Inc.(a)	14,116	146,242
iTeos Therapeutics, Inc.(a)	2,918	55,588
Lemaitre Vascular, Inc.	3,354	169,981
Ligand Pharmaceuticals, Inc.(a)	892	76,810
Mesa Laboratories, Inc.	743	104,637
Multiplan Corp.(a)	12,564	35,933
National Healthcare Corp.	2,716	172,031
National Research Corp.	3,919	155,976
Nextgen Healthcare, Inc.(a)	8,230	145,671
OptimizeRx Corp.(a)	2,113	31,315
Organogenesis Holdings, Inc.(a)	9,612	31,143
Pacira BioSciences, Inc.(a)	1,810	96,274
Patterson Cos., Inc.	5,506	132,254
Pediatrix Medical Group, Inc.(a)	6,407	105,780
Phibro Animal Health Corp., Class A	7,848	104,300
Prestige Consumer Healthcare, Inc.(a)	3,562	177,494
Prothena Corp. PLC(a)	2,169	131,506
RadNet, Inc.(a)	4,948	100,692
Regenxbio, Inc.(a)	2,264	59,838
Simulations Plus, Inc.	2,294	111,351
Supernus Pharmaceuticals, Inc.(a)	4,183	141,595
Syndax Pharmaceuticals, Inc.(a)	5,212	125,244
U.S. Physical Therapy, Inc.	1,310	99,586
UniQure N.V.(a)	4,474	83,932
Varex Imaging Corp.(a)	6,823	144,238
Xencor, Inc.(a)	4,628	120,235
		5,317,669
Industrials (23.1%):
AAR Corp.(a)	3,026	108,391
ACCO Brands Corp.	19,456	95,334
AerSale Corp.(a)	6,247	115,819
Air Transport Services Group(a)	5,677	136,759
Alamo Group, Inc.	1,536	187,807
Albany International Corp.	2,125	167,514
Altra Industrial Motion Corp.	4,011	134,850
ArcBest Corp.	1,394	101,386
Arcosa, Inc.	2,729	156,044

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Industrials (23.1%): (continued)
Astec Industries, Inc.	3,361	104,830
Atlas Air Worldwide Holdings, Inc.(a)	2,416	230,897
AZZ, Inc.	4,800	175,248
Barnes Group, Inc.	4,992	144,169
Bluelinx Holdings, Inc.(a)	1,121	69,614
Brady Corp.	4,764	198,802
BrightView Holdings, Inc.(a)	11,047	87,713
CBIZ, Inc.(a)	5,148	220,231
Columbus McKinnon Corp.	4,122	107,832
Construction Partners, Inc., Class A(a)	5,065	132,855
CRA International, Inc.	1,588	140,919
CSW Industrials, Inc.	1,731	207,374
Daseke, Inc.(a)	16,278	88,064
Deluxe Corp.	4,878	81,219
Douglas Dynamics, Inc.	5,032	140,997
Dycom Industries, Inc.(a)	1,157	110,528
Eagle Bulk Shipping, Inc.	1,347	58,163
Encore Wire Corp.	1,031	119,122
Energy Recovery, Inc.(a)	7,114	154,658
Enerpac Tool Group Corp.	7,769	138,521
EnPro Industries, Inc.	1,635	138,942
ESCO Technologies, Inc.	2,957	217,162
Federal Signal Corp.	6,051	225,823
Forrester Research, Inc.(a)	3,247	116,924
Forward Air Corp.	1,790	161,565
Franklin Covey Co.(a)	3,404	154,508
Genco Shipping Trading, Ltd.	4,143	51,912
Gibraltar Industries, Inc.(a)	3,438	140,717
Global Industrial Co.	4,953	132,889
GMS, Inc.(a)	2,415	96,624
Gorman-Rupp Co.	5,317	126,491
GrafTech International, Ltd.	10,915	47,044
Granite Construction, Inc.	4,688	119,028
Great Lakes Dredge & Dock Corp.(a)	14,212	107,727
Griffon Corp.	8,589	253,547
H&E Equipment Services, Inc.	2,923	82,838
Healthcare Services Group	7,707	93,178
Heartland Express, Inc.	19,036	272,405
Heidrick & Struggles International, Inc.	4,156	108,014
Helios Technologies, Inc.	1,720	87,032
Heritage-Crystal Clean, Inc.(a)	5,880	173,872
HNI Corp.	4,566	121,045
Huron Consulting Group, Inc.(a)	3,123	206,899
Hydrofarm Holdings Group, Inc.(a)	5,280	10,243
ICF International, Inc.	2,092	228,070
IES Holdings, Inc.(a)	3,839	106,033
Insteel Industries, Inc.	3,929	104,236
Interface, Inc.	9,722	87,401
Janus International Group, Inc.(a)	11,774	105,024
Jeld-Wen Holding, Inc.(a)	6,168	53,970

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Industrials (23.1%): (continued)
Kadant, Inc.	863	143,957
Kaman Corp.	3,656	102,112
KAR Auction Services, Inc.(a)	4,601	51,393
Kelly Services, Inc., Class A	5,357	72,802
Kennametal, Inc.	5,725	117,821
Kforce, Inc.	2,008	117,769
Lindsay Corp.	1,132	162,193
Marten Transport Ltd.	11,736	224,862
Maxar Technologies, Inc.	2,188	40,959
McGrath Rentcorp	2,321	194,639
Moog, Inc., Class A	2,029	142,740
Mueller Water Products, Inc., Class A	13,515	138,799
MYR Group, Inc.(a)	1,706	144,549
NOW, Inc.(a)	9,783	98,319
NV5 Global, Inc.(a)	1,030	127,535
Omega Flex, Inc.	1,131	104,753
Pam Transportation Services, Inc.(a)	3,486	107,927
PGT Innovations, Inc.(a)	8,995	188,535
Pitney Bowes, Inc.	22,296	51,950
Primoris Services Corp.	4,754	77,253
Proto Labs, Inc.(a)	2,032	74,026
Quanex Building Products Corp.	8,135	147,732
REV Group, Inc.	8,029	88,560
Rush Enterprises, Inc., Class A	3,891	170,659
Shoals Technologies Group, Inc.(a)	5,167	111,349
SkyWest, Inc.(a)	3,232	52,552
SP Plus Corp.(a)	4,681	146,609
SPX Technologies, Inc.(a)	3,681	203,265
Standex International Corp.	2,223	181,508
Sterling Construction Co., Inc.(a)	4,985	107,028
Sun Country Airlines Holdings, Inc.(a)	3,933	53,528
Tennant Co.	3,094	174,997
Terex Corp.	3,671	109,176
The Greenbrier Cos., Inc.	3,167	76,863
The Shyft Group, Inc.	3,493	71,362
Titan International, Inc.(a)	6,369	77,320
Trinity Industries, Inc.	5,397	115,226
TrueBlue, Inc.(a)	4,874	92,996
Veritiv Corp.(a)	591	57,782
Wabash National Corp.	10,308	160,392
Werner Enterprises, Inc.	5,814	218,606
		12,749,226
Information Technology (10.6%):
3D Systems Corp.(a)	5,206	41,544
A10 Networks, Inc.	6,131	81,358
ACM Research, Inc., Class A(a)	3,672	45,753
Alpha & Omega Semiconductor, Ltd.(a)	1,585	48,755
American Software, Inc., Class A	6,544	100,254
Avid Technology, Inc.(a)	2,439	56,731

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Information Technology (10.6%): (continued)
Axcelis Technologies, Inc.(a)	1,454	88,054
Badger Meter, Inc.	1,749	161,590
Belden, Inc.	3,035	182,161
Benchmark Electronics, Inc.	7,522	186,395
Cambium Networks Corp.(a)	3,526	59,660
Cerence, Inc.(a)	2,190	34,492
CEVA, Inc.(a)	3,117	81,759
Clearfield, Inc.(a)	1,279	133,835
Cohu, Inc.(a)	3,736	96,314
CommVault Systems, Inc.(a)	2,168	114,991
Corsair Gaming, Inc.(a)	5,572	63,242
CSG Systems International, Inc.	3,872	204,751
Digi International, Inc.(a)	7,729	267,192
Ebix, Inc.	2,036	38,623
eplus, Inc.(a)	2,726	113,238
EVERTEC, Inc.	4,525	141,859
Extreme Networks, Inc.(a)	8,713	113,879
Harmonic, Inc.(a)	11,943	156,095
Ichor Holding Ltd.(a)	3,039	73,574
InterDigital, Inc.	3,202	129,425
Knowles Corp.(a)	14,226	173,130
Methode Electronics, Inc.	4,065	151,015
Mitek Systems, Inc.(a)	9,442	86,489
N-able, Inc.(a)	10,196	94,109
Napco Security Technologies Inc.(a)	6,689	194,516
NETGEAR, Inc.(a)	7,194	144,168
NetScout Systems, Inc.(a)	5,199	162,833
OSI Systems, Inc.(a)	3,104	223,674
Paymentus Holdings, Inc.(a)	3,824	37,169
PC Connection, Inc.	2,928	132,024
Photronics, Inc.(a)	7,056	103,159
Plexus Corp.(a)	2,270	198,761
Progress Software Corp.	3,537	150,499
Rambus, Inc.(a)	5,723	145,479
Riot Blockchain, Inc.(a)	3,197	22,411
ScanSource, Inc.(a)	3,847	101,599
Super Micro Computer, Inc.(a)	3,485	191,919
TTM Technologies(a)	12,550	165,409
Ultra Clean Holdings, Inc.(a)	2,325	59,869
Veeco Instruments, Inc.(a)	4,912	89,988
Verra Mobility Corp.(a)	10,566	162,399
Vishay Intertechnology, Inc.	9,725	173,008
Vizio Holding Corp.(a)	10,410	90,983
		5,870,134
Materials (4.6%):
AdvanSix, Inc.	2,200	70,620
Chase Corp.	2,242	187,364
Greif, Inc., Class A	2,601	154,942
Hawkins, Inc.	3,377	131,669

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Small Cap Core ETF	(Unaudited)

Materials (4.6%): (continued)
Ingevity Corp.(a)	2,348	142,359
Innospec, Inc.	2,033	174,167
Intrepid Potash, Inc.(a)	607	24,019
Kronos Worldwide, Inc.	10,991	102,656
Materion Corp.	1,826	146,080
Minerals Technologies, Inc.	2,864	141,510
O-I Glass, Inc.(a)	9,074	117,508
Origin Materials, Inc.(a)	12,491	64,454
Orion Engineered Carbons SA	9,013	120,324
Pactiv Evergreen, Inc.	12,004	104,795
Ramaco Resources, Inc.	3,599	33,111
Ryerson Holding Corp.	2,558	65,843
Schnitzer Steel Industries, Inc.	1,950	55,497
Stepan Co.	2,257	211,413
SunCoke Energy, Inc.	12,166	70,685
TimkenSteel Corp.(a)	4,032	60,440
TriMas Corp.	5,463	136,957
Trinseo PLC	2,417	44,279
Warrior Met Coal, Inc.	2,595	73,802
Worthington Industries, Inc.	2,653	101,185
		2,535,679
Real Estate (0.6%):
Forestar Group, Inc.(a)	9,248	103,485
Marcus & Millichap, Inc.	3,145	103,093
The RMR Group, Inc., Class A	5,984	141,761
		348,339
Utilities (2.4%):
Chesapeake Utilities Corp.	1,691	195,124
MGE Energy, Inc.	3,010	197,546
Middlesex Water Co.	1,896	146,371
Northwest Natural Holding Co.	4,159	180,417
Otter Tail Corp.	3,390	208,553
SJW Group	3,656	210,586
Unitil Corp.	3,879	180,180
		1,318,777
Total Common Stocks (Cost $62,491,558)		55,079,281
Total Investments (Cost $62,491,558) — 99.6%		55,079,281
Other assets in excess of liabilities — 0.4%		236,533
NET ASSETS - 100.00%		55,315,814

Percentages indicated are based on net assets as of September 30, 2022.

(a) Non-income producing security.

Futures Contracts

Long Futures

Index Futures	Expiration Date		Number of Contracts		Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Russell 2000 Mini Index December Future (U.S. Dollar)		12/16/22		3	$	250,470	$	(22,157)
							$	(22,157)

	Schedule of Portfolio Investments
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (99.6%)
Communication Services (1.0%):
Liberty Media Corp-Liberty Formula One, Class C(a)	10,726	627,471
Lumen Technologies, Inc.	38,306	278,868
News Corp., Class A	29,509	445,881
ZoomInfo Technologies, Inc.(a)	5,585	232,671
		1,584,891
Consumer Discretionary (7.9%):
Aptiv PLC(a)	4,182	327,074
AutoZone, Inc.(a)	329	704,695
Bath & Body Works, Inc.	9,034	294,508
Booking Holdings, Inc.(a)	210	345,074
Burlington Stores, Inc.(a)	2,025	226,577
CarMax, Inc.(a)	4,921	324,884
Chewy, Inc., Class A(a)	5,926	182,047
Chipotle Mexican Grill, Inc.(a)	327	491,403
Dollar General Corp.	3,120	748,363
Dollar Tree, Inc.(a)	2,686	365,565
Domino’s Pizza, Inc.	1,387	430,247
DR Horton, Inc.	7,209	485,526
Garmin Ltd.	5,847	469,573
Genuine Parts Co.	5,947	888,006
Lennar Corp.	6,641	495,087
LKQ Corp.	11,768	554,861
Lowe’s Cos., Inc.	3,162	593,855
NVR, Inc.(a)	146	582,114
O’Reilly Automotive, Inc.(a)	1,080	759,618
Pool Corp.	1,345	427,992
Pultegroup, Inc.	11,933	447,488
Ross Stores, Inc.	5,669	477,727
Tapestry, Inc.	12,201	346,874
Tesla, Inc.(a)	912	241,908
Tractor Supply Co.	2,844	528,643
Vail Resorts, Inc.	2,198	473,977
		12,213,686
Consumer Staples (4.1%):
Bunge, Ltd.	5,931	489,723
Campbell Soup Co.	18,235	859,233
Costco Wholesale Corp.	1,383	653,149
Darling Ingredients, Inc.(a)	6,306	417,142
Hormel Foods Corp.	17,401	790,701
McCormick & Co., Inc.	8,524	607,506
Monster Beverage Corp.(a)	7,910	687,854
Sysco Corp.	7,417	524,456
The JM Smucker Co.	5,907	811,681
Tyson Foods, Inc., Class A	7,437	490,321
		6,331,766

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

Energy (5.5%):
APA Corp.	7,786	266,203
ConocoPhillips	5,180	530,121
Continental Resources, Inc.	5,593	373,668
Coterra Energy, Inc.	14,178	370,329
Devon Energy Corp.	5,771	347,010
Diamondback Energy, Inc.	2,672	321,869
EOG Resources, Inc.	3,706	414,071
Halliburton Co.	10,331	254,349
Hess Corp.	3,883	423,208
Kinder Morgan, Inc.	37,321	621,022
Marathon Oil Corp.	14,578	329,171
Marathon Petroleum Corp.	6,529	648,526
Occidental Petroleum Corp.	5,022	308,602
ONEOK, Inc.	8,581	439,691
Ovintiv, Inc.	6,509	299,414
Phillips 66	5,843	471,647
Pioneer Natural Resources Co.	2,077	449,733
Schlumberger N.V.	10,016	359,575
The Williams Cos., Inc.	23,236	665,247
Valero Energy Corp.	4,579	489,266
		8,382,722
Financials (11.2%):
Aflac, Inc.	12,582	707,108
American Financial Group, Inc.	5,214	640,957
Arch Capital Group Ltd.(a)	16,375	745,718
Ares Management Corp., Class A	6,184	383,099
Arthur J Gallagher & Co.	4,575	783,331
Brown & Brown, Inc.	9,975	603,288
Cboe Global Markets, Inc.	6,569	771,004
Cincinnati Financial Corp.	4,905	439,341
CNA Financial Corp.	16,087	593,610
Coinbase Global, Inc., Class A(a)	1,708	110,149
East West Bancorp, Inc.	6,392	429,159
Everest Re Group, Ltd.	2,437	639,566
FactSet Research Systems, Inc.	1,941	776,614
First Citizens BancShares, Inc., Class A	757	603,655
First Republic Bank	3,639	475,071
Franklin Resources, Inc.	19,252	414,303
Interactive Brokers Group, Inc.	8,578	548,220
Intercontinental Exchange, Inc.	6,762	610,947
LPL Financial Holdings, Inc.	2,455	536,368
Markel Corp.(a)	565	612,584
MarketAxess Holdings, Inc.	2,169	482,581
Morningstar, Inc.	2,173	461,371
MSCI, Inc.	1,094	461,438
Nasdaq, Inc.	13,425	760,929
Principal Financial Group, Inc.	8,542	616,305
Raymond James Financial, Inc.	5,613	554,677
Rocket Cos., Inc., Class A	42,352	267,665

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

Financials (11.2%): (continued)
Signature Bank	1,473	222,423
SVB Financial Group(a)	792	265,938
Tradeweb Markets, Inc., Class A	8,584	484,309
Upstart Holdings, Inc.(a)	1,760	36,590
Webster Financial Corp.	9,903	447,616
WR Berkley Corp.	11,943	771,279
		17,257,213
Health Care (12.6%):
ABIOMED, Inc.(a)	1,382	339,502
Agilent Technologies, Inc.	5,119	622,214
Align Technology, Inc.(a)	975	201,932
Amgen, Inc.	3,306	745,172
Avantor, Inc.(a)	18,507	362,737
Baxter International, Inc.	10,698	576,194
Bio-Rad Laboratories, Inc., Class A(a)	939	391,695
Bruker Corp.	8,257	438,116
Cardinal Health, Inc.	9,973	665,000
Catalent, Inc.(a)	4,994	361,366
Centene Corp.(a)	6,616	514,791
Charles River Laboratories International, Inc.(a)	1,728	340,070
Danaher Corp.	2,381	614,989
DaVita, Inc.(a)	5,160	427,093
DENTSPLY SIRONA, Inc.	13,541	383,887
Dexcom, Inc.(a)	3,106	250,157
Edwards Lifesciences Corp.(a)	4,734	391,170
HCA Healthcare, Inc.	2,320	426,393
Henry Schein, Inc.(a)	8,345	548,851
Horizon Therapeutics PLC(a)	5,541	342,933
Humana, Inc.	1,189	576,891
IDEXX Laboratories, Inc.(a)	1,011	329,384
Illumina, Inc.(a)	1,253	239,060
Incyte Corp.(a)	7,468	497,668
Insulet Corp.(a)	1,396	320,242
Intuitive Surgical, Inc.(a)	1,906	357,261
IQVIA Holdings, Inc.(a)	2,669	483,463
Mettler-Toledo International, Inc.(a)	478	518,209
Molina Healthcare, Inc.(a)	1,714	565,346
PerkinElmer, Inc.	3,480	418,748
Regeneron Pharmaceuticals, Inc.(a)	923	635,827
Repligen Corp.(a)	2,157	403,596
ResMed, Inc.	2,562	559,285
STERIS PLC	2,834	471,238
Stryker Corp.	2,629	532,478
Teleflex, Inc.	1,701	342,683
Veeva Systems, Inc., Class A(a)	2,273	374,772
Vertex Pharamaceuticals, Inc.(a)	2,607	754,831
Waters Corp.(a)	2,281	614,798
West Pharmaceutical Services, Inc.	1,388	341,559
Zimmer Biomet Holdings, Inc.	4,584	479,257

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

Health Care (12.6%): (continued)
Zoetis, Inc.	3,961	587,377
		19,348,235
Industrials (23.7%):
A.O. Smith Corp.	10,435	506,932
AMERCO, Inc.	1,288	655,875
AMETEK, Inc.	6,946	787,746
Builders FirstSource, Inc.(a)	7,109	418,862
Carlisle Companies, Inc.	3,220	902,920
Carrier Global Corp.	14,280	507,797
Caterpillar, Inc.	3,029	496,998
CH Robinson Worldwide, Inc.	6,244	601,360
Cintas Corp.	1,830	710,388
Copart, Inc.(a)	4,747	505,081
Costar Group, Inc.(a)	7,106	494,933
CSX Corp.	21,668	577,235
Deere & Co.	1,357	453,089
Dover Corp.	5,198	605,983
Eaton Corp. PLC	5,035	671,468
Emerson Electric Co.	7,824	572,873
Equifax, Inc.	2,694	461,832
Expeditors International of Washington, Inc.	7,360	649,962
Fastenal Co.	15,207	700,130
Fortive Corp.	12,065	703,389
Fortune Brands Home & Security, Inc.	8,196	440,043
Generac Holdings, Inc.(a)	1,337	238,173
General Dynamics Corp.	3,868	820,674
Graco, Inc.	11,801	707,470
HEICO Corp.	4,598	662,020
Honeywell International, Inc.	4,350	726,319
Howmet Aerospace, Inc.	14,820	458,383
IDEX Corp.	3,952	789,807
Illinois Tool Works, Inc.	4,591	829,364
Ingersoll Rand, Inc.	13,372	578,473
J.B. Hunt Transport Services, Inc.	3,604	563,738
Johnson Controls International PLC	11,099	546,293
Leidos Holdings, Inc.	5,812	508,376
Masco Corp.	13,755	642,221
Nordson Corp.	3,333	707,496
Norfolk Southern Corp.	2,949	618,258
Old Dominion Freight Line, Inc.	2,302	572,668
Otis Worldwide Corp.	10,012	638,766
PACCAR, Inc.	8,829	738,899
Parker Hannifin Corp.	2,360	571,852
Quanta Services, Inc.	3,576	455,547
Regal Rexnord Corp.	4,220	592,319
Republic Services, Inc.	6,612	899,496
Robert Half International, Inc.	5,853	447,754
Rockwell Automation, Inc.	2,779	597,791
Rollins, Inc.	17,787	616,853

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

Industrials (23.7%): (continued)
Roper Technologies, Inc.	1,876	674,685
Snap-on, Inc.	3,436	691,839
Trane Technologies PLC	4,586	664,099
TransDigm Group, Inc.	876	459,742
TransUnion	6,635	394,716
Trex Co., Inc.(a)	5,722	251,425
Union Pacific Corp.	3,675	715,963
United Rentals, Inc.(a)	1,575	425,439
Verisk Analytics, Inc.	3,866	659,269
Waste Management, Inc.	6,035	966,867
Watsco, Inc.	2,660	684,844
Westinghouse Air Brake Technologies Corp.	7,097	577,341
WW Grainger, Inc.	1,542	754,331
Xylem, Inc.	7,217	630,477
		36,504,943
Information Technology (14.5%):
Advanced Micro Devices, Inc.(a)	3,230	204,653
Akamai Technologies, Inc.(a)	6,340	509,229
Amphenol Corp., Class A	10,724	718,079
Analog Devices, Inc.	3,695	514,861
ANSYS, Inc.(a)	1,822	403,937
AppLovin Corp., Class A(a)	5,024	97,918
Arista Networks, Inc.(a)	3,333	376,262
Bentley Systems, Inc., Class B	10,850	331,902
Broadcom, Inc.	1,020	452,890
Broadridge Financial Solutions, Inc.	4,833	697,499
Cadence Design Systems, Inc.(a)	3,097	506,143
CDW Corp.	3,797	592,636
Cognex Corp.	6,568	272,244
Cognizant Technology Solutions Corp., Class A	8,907	511,618
Dynatrace, Inc.(a)	8,376	291,569
Enphase Energy, Inc.(a)	1,344	372,920
Entegris, Inc.	3,969	329,506
EPAM Systems, Inc.(a)	657	237,959
F5, Inc.(a)	2,928	423,769
Fair Isaac Corp.(a)	1,160	477,932
Fidelity National Information Services, Inc.	5,057	382,157
FleetCor Technologies, Inc.(a)	2,389	420,870
Fortinet, Inc.(a)	5,452	267,857
Gartner, Inc.(a)	1,729	478,397
Jack Henry & Associates, Inc.	3,800	692,626
Juniper Networks, Inc.	19,244	502,653
Keysight Technologies, Inc.(a)	4,345	683,729
KLA Corp.	1,216	367,998
Lam Research Corp.	873	319,518
Microchip Technology, Inc.	7,010	427,820
Monolithic Power Systems, Inc.	948	344,503
NetApp, Inc.	8,050	497,892
NVIDIA Corp.	1,417	172,010

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

Information Technology (14.5%): (continued)
NXP Semiconductors NV	2,646	390,311
ON Semiconductor Corp.(a)	6,287	391,869
Paychex, Inc.	5,758	646,105
Paycom Software, Inc.(a)	1,293	426,677
Paylocity Holding Corp.(a)	1,939	468,424
PTC, Inc.(a)	5,013	524,360
Qorvo, Inc.(a)	4,075	323,596
ServiceNow, Inc.(a)	783	295,669
Skyworks Solutions, Inc.	4,350	370,924
SS&C Technologies Holdings, Inc.	10,997	525,107
Synopsys, Inc.(a)	1,518	463,764
TE Connectivity Ltd.	5,228	576,962
Teledyne Technologies, Inc.(a)	1,631	550,414
Teradyne, Inc.	3,409	256,186
The Trade Desk, Inc., Class A(a)	3,355	200,461
Trimble, Inc.(a)	8,083	438,664
Tyler Technologies, Inc.(a)	1,313	456,267
Ubiquiti, Inc.	1,566	459,715
Western Digital Corp.(a)	9,145	297,670
Zebra Technologies Corp.(a)	1,305	341,923
			22,286,624
Materials (7.7%):
Albemarle Corp.	1,769	467,794
Alcoa Corp.	3,402	114,511
Avery Dennison Corp.	3,770	613,379
Ball Corp.	7,883	380,907
Celanese Corp.	4,384	396,051
CF Industries Holdings, Inc.	3,829	368,541
Cleveland-Cliffs, Inc.(a)	9,936	133,838
Eastman Chemical Co.	5,612	398,733
Ecolab, Inc.	3,841	554,717
FMC Corp.	4,292	453,664
Freeport-McMoRan, Inc.	8,032	219,515
International Flavors & Fragrances, Inc.	5,326	483,761
International Paper Co.	16,562	525,016
LyondellBasell Industries NV, Class A	5,804	436,925
Martin Marietta Materials, Inc.	1,714	552,062
Newmont Corp.	7,253	304,844
Nucor Corp.	2,622	280,528
Packaging Corp. of America	4,886	548,649
PPG Industries, Inc.	5,015	555,110
Reliance Steel & Aluminum Co.	3,596	627,178
RPM International, Inc.	9,320	776,449
Steel Dynamics, Inc.	5,015	355,814
The Mosaic Co.	5,304	256,342
The Sherwin-Williams Co.	2,985	611,179
Vulcan Materials Co.	3,707	584,631
Westlake Chemical Corp.	4,656	404,513

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core ETF	(Unaudited)

Materials (7.7%): (continued)
Westrock Co.	12,471	385,229
		11,789,880
Real Estate (0.3%):
CBRE Group, Inc., Class A(a)	6,856	462,848
		462,848
Utilities (11.1%):
Alliant Energy Corp.	14,897	789,392
Ameren Corp.	10,698	861,724
American Electric Power Co., Inc.	10,434	902,019
American Water Works Co., Inc.	5,159	671,495
Atmos Energy Corp.	7,535	767,440
CenterPoint Energy, Inc.	28,545	804,398
CMS Energy Corp.	14,358	836,210
Consolidated Edison, Inc.	10,060	862,746
Dominion Energy, Inc.	10,911	754,059
DTE Energy Co.	7,825	900,266
Entergy Corp.	6,804	684,687
Essential Utilities, Inc.	17,400	720,012
Evergy, Inc.	15,154	900,148
Eversource Energy	10,054	783,810
FirstEnergy Corp.	20,343	752,691
NextEra Energy, Inc.	8,293	650,254
NiSource, Inc.	32,515	819,053
PPL Corp.	35,227	893,004
The Southern Co.	14,168	963,424
WEC Energy Group, Inc.	9,377	838,585
Xcel Energy, Inc.	12,967	829,888
		16,985,305
Total Common Stocks (Cost $162,364,018)		153,148,113
Total Investments (Cost $162,364,018) — 99.6%		153,148,113
Other assets in excess of liabilities — 0.4%		578,303
NET ASSETS - 100.00%		153,726,416

Percentages indicated are based on net assets as of September 30, 2022.

(a) Non-income producing security.

Futures Contracts

Long Futures

Index Futures	Expiration Date		Number of Contracts		Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini December Future (U.S. Dollar)		12/16/22		3	$	540,225	$	(30,530)
							$	(30,530)

	Schedule of Portfolio Investments
	September 30, 2022
Timothy Plan High Dividend Stock ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (99.3%)
Communication Services (0.4%):
Lumen Technologies, Inc.	94,380		687,086
			687,086
Consumer Discretionary (3.7%):
Garmin Ltd.	14,411		1,157,347
Genuine Parts Co.	14,669		2,190,375
Lowe’s Cos., Inc.	7,785		1,462,101
Tapestry, Inc.	30,060		854,606
			5,664,429
Consumer Staples (6.4%):
Bunge, Ltd.	14,616		1,206,843
Campbell Soup Co.	44,924		2,116,819
Hormel Foods Corp.	42,864		1,947,740
Sysco Corp.	18,276		1,292,296
The JM Smucker Co.	14,560		2,000,690
Tyson Foods, Inc., Class A	18,322		1,207,969
			9,772,357
Energy (8.8%):
ConocoPhillips	12,757		1,305,551
Coterra Energy, Inc.	34,943		912,711
Devon Energy Corp.	14,205		854,147
EOG Resources, Inc.	9,141		1,021,324
Kinder Morgan, Inc.	91,964		1,530,281
Marathon Petroleum Corp.	16,094		1,598,617
ONEOK, Inc.	21,147		1,083,572
Phillips 66	14,401		1,162,449
Pioneer Natural Resources Co.	5,124		1,109,500
The Williams Cos., Inc.	57,247		1,638,982
Valero Energy Corp.	11,273		1,204,520
			13,421,654
Financials (11.5%):
Aflac, Inc.	31,019		1,743,268
American Financial Group, Inc.	12,873		1,582,478
Ares Management Corp., Class A	15,235		943,808
Cboe Global Markets, Inc.	16,203		1,901,746
Cincinnati Financial Corp.	12,089		1,082,812
CNA Financial Corp.	39,639		1,462,679
East West Bancorp, Inc.	15,736		1,056,515
Everest Re Group, Ltd.	6,002		1,575,165
Franklin Resources, Inc.	47,431		1,020,715
Principal Financial Group, Inc.	21,042		1,518,180
Rocket Cos., Inc., Class A	104,356		659,530
Webster Financial Corp.	24,406		1,103,151
WR Berkley Corp.	29,430		1,900,590
			17,550,637

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan High Dividend Stock ETF	(Unaudited)

Health Care (3.2%):
Amgen, Inc.	8,158	1,838,813
Baxter International, Inc.	26,360	1,419,750
Cardinal Health, Inc.	24,562	1,637,794
		4,896,357
Industrials (23.2%):
A.O. Smith Corp.	25,720	1,249,478
Caterpillar, Inc.	7,451	1,222,560
CH Robinson Worldwide, Inc.	15,387	1,481,922
Eaton Corp. PLC	12,415	1,655,664
Emerson Electric Co.	19,276	1,411,389
Fastenal Co.	37,477	1,725,441
Fortune Brands Home & Security, Inc.	20,197	1,084,377
General Dynamics Corp.	9,523	2,020,495
Honeywell International, Inc.	10,707	1,787,748
Illinois Tool Works, Inc.	11,316	2,044,235
Johnson Controls International PLC	27,348	1,346,069
Masco Corp.	33,891	1,582,371
Norfolk Southern Corp.	7,271	1,524,365
PACCAR, Inc.	21,755	1,820,676
Parker Hannifin Corp.	5,811	1,408,064
Regal Rexnord Corp.	10,398	1,459,463
Rockwell Automation, Inc.	6,856	1,474,794
Snap-on, Inc.	8,466	1,704,629
Trane Technologies PLC	11,304	1,636,932
Union Pacific Corp.	9,054	1,763,900
Waste Management, Inc.	14,867	2,381,842
Watsco, Inc.	6,554	1,687,393
		35,473,807
Information Technology (7.5%):
Analog Devices, Inc.	9,115	1,270,084
Broadcom, Inc.	2,512	1,115,353
Broadridge Financial Solutions, Inc.	11,912	1,719,140
Fidelity National Information Services, Inc.	12,448	940,695
Juniper Networks, Inc.	47,411	1,238,375
NetApp, Inc.	19,834	1,226,733
Paychex, Inc.	14,194	1,592,709
Skyworks Solutions, Inc.	10,708	913,071
TE Connectivity Ltd.	12,885	1,421,989
		11,438,149
Materials (10.5%):
Avery Dennison Corp.	9,284	1,510,507
Celanese Corp.	10,801	975,762
Eastman Chemical Co.	13,832	982,764
FMC Corp.	10,576	1,117,883
International Flavors & Fragrances, Inc.	13,120	1,191,690
International Paper Co.	40,810	1,293,677
LyondellBasell Industries NV, Class A	15,060	1,133,717

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan High Dividend Stock ETF	(Unaudited)

Materials (10.5%): (continued)
Newmont Corp.	17,874		751,244
Packaging Corp. of America	12,030		1,350,849
PPG Industries, Inc.	12,354		1,367,464
Reliance Steel & Aluminum Co.	8,861		1,545,447
RPM International, Inc.	22,976		1,914,130
Westrock Co.	30,736		949,435
			16,084,569
Utilities (24.1%):
Alliant Energy Corp.	36,713	1,945,422
Ameren Corp.	26,361	2,123,378
American Electric Power Co., Inc.	25,717	2,223,235
Atmos Energy Corp.	18,559	1,890,234
CenterPoint Energy, Inc.	70,329	1,981,871
CMS Energy Corp.	35,381	2,060,589
Consolidated Edison, Inc.	24,776	2,124,790
Dominion Energy, Inc.	26,891	1,858,437
DTE Energy Co.	19,277	2,217,819
Entergy Corp.	16,764	1,686,961
Evergy, Inc.	37,323	2,216,986
Eversource Energy	24,761	1,930,368
FirstEnergy Corp.	50,137	1,855,069
NiSource, Inc.	80,115	2,018,097
PPL Corp.	86,802	2,200,431
The Southern Co.	34,905	2,373,540
WEC Energy Group, Inc.	23,104	2,066,191
Xcel Energy, Inc.	31,951	2,044,864
		36,818,282
Total Common Stocks (Cost $166,007,854)		151,807,327
Total Investments (Cost $166,007,854) — 99.3%		151,807,327
Other assets in excess of liabilities — 0.7%		1,069,729
NET ASSETS - 100.00%		152,877,056

Percentages indicated are based on net assets as of September 30, 2022.

Futures Contracts

Long Futures

Index Futures	Expiration Date		Number of Contracts		Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini December Future (U.S. Dollar)		12/16/22		5		$            900,375		$        (72,343)
								$        (72,343)

	Schedule of Portfolio Investments
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (99.0%)
Australia (5.4%):
Communication Services (0.6%):
Rea Group Ltd.	1,730		127,063
Telstra Corp. Ltd.	100,846		248,290
			375,353
Consumer Discretionary (0.3%):
Wesfarmers Ltd.	6,618		180,800
			180,800
Consumer Staples (0.7%):
Coles Group, Ltd.	21,608		227,035
Woolworths Group Ltd.	9,883		214,571
			441,606
Energy (0.5%):
Santos Ltd.	29,844		135,314
Woodside Energy Group, Ltd.	6,819		138,062
			273,376
Financials (1.2%):
ASX Ltd.	4,412		202,469
Commonwealth Bank of Australia	2,898		168,092
National Australia Bank Ltd.	11,054		203,659
Westpac Banking Corp.	14,030		185,186
			759,406
Health Care (1.2%):
Cochlear Ltd.	1,149		142,945
CSL Ltd.	1,048		191,020
Ramsay Health Care Ltd.	5,290		193,776
Sonic Healthcare Ltd.	9,071		177,392
			705,133
Materials (0.9%):
BHP Group Ltd.	5,042		124,203
Fortescue Metals Group Ltd.	7,914		85,126
Newcrest Mining Ltd.	9,346		101,127
Rio Tinto Ltd.	1,952		116,579
South32, Ltd.	47,494		110,252
			537,287
			3,272,961
Austria (0.5%):
Energy (0.2%):
OMV AG	3,386		123,992
			123,992
Financials (0.1%):
Erste Group Bank AG	3,463		76,827
			76,827
Utilities (0.2%):
Verbund AG	1,341		114,913
			114,913
			315,732

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Belgium (1.0%):
Financials (0.7%):
Groupe Bruxelles Lambert SA	2,685		189,119
KBC Group N.V.	2,525		120,397
Sofina SA	591		102,794
			412,310
Materials (0.3%):
Solvay SA, Class A	2,050		159,981
			159,981
			572,291
Bermuda (0.4%):
Industrials (0.4%):
Jardine Matheson Holdings Ltd.	4,400		222,816
			222,816
Canada (12.6%):
Consumer Discretionary (0.7%):
Dollarama, Inc.	5,297		304,121
Magna International, Inc.	2,791		132,417
			436,538
Consumer Staples (1.3%):
Alimentation Couche-Tard, Inc.	4,704		189,393
Loblaw Cos. Ltd.	3,638		288,101
Metro, Inc.	6,108		305,886
			783,380
Energy (2.3%):
Canadian Natural Resources, Ltd.	2,818		131,188
Cenovus Energy, Inc.	8,360		128,438
Enbridge, Inc.	6,914		256,397
Imperial Oil Ltd.	3,597		155,761
Pembina Pipelines Corp.	7,608		231,126
Suncor Energy, Inc.	4,751		133,807
TC Energy Corp.	5,158		207,784
Tourmaline Oil Corp.	3,378		175,577
			1,420,078
Financials (2.3%):
Fairfax Financial Holdings, Ltd.	458		209,200
Great-West Lifeco, Inc.	12,752		275,315
Intact Financial Corp.	2,709		383,422
National Bank of Canada	4,196		263,025
Power Corp. of Canada	11,831		266,651
			1,397,613
Industrials (1.1%):
Canadian National Railway Co.	2,069		223,468
Canadian Pacific Railway Ltd.	3,167		211,431
WSP Global, Inc.	1,907		210,030
			644,929
Information Technology (1.2%):
CGI, Inc. (a)	3,490		262,761
Constellation Software, Inc.	145		201,783
Open Text Corp.	6,987		184,691

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Canada (12.6%): (continued)
Information Technology (1.2%): (continued)
Shopify, Inc., Class A (a)	1,600	43,081
			692,316
Materials (1.8%):
Aginco Eagle Mines, Ltd.	2,534	107,069
Barrick Gold Corp.	7,484	116,010
First Quantum Minerals, Ltd.	3,637	61,749
Franco-Nevada Corp.	1,391	166,171
Ivanhoe Mines, Ltd. (a)	14,984	96,444
Nutrien, Ltd.	1,773	147,878
Teck Resources Ltd., Class B	3,213	97,725
West Fraser Timber Co., Ltd.	2,451	177,330
Wheaton Precious Metals Corp.	4,044	130,964
			1,101,340
Utilities (1.9%):
Emera, Inc.	9,823	397,486
Fortis, Inc.	9,085	345,193
Hydro One, Ltd.	17,809	435,555
			1,178,234
			7,654,428
Chile (0.1%):
Materials (0.1%):
Antofagasta PLC	6,309	78,561
			78,561
Denmark (2.0%):
Financials (0.6%):
Danske Bank A/S	10,514	131,461
Tryg A/S	11,055	228,676
			360,137
Health Care (0.5%):
Coloplast A/S	1,349	137,975
Genmab A/S (a)	490	158,982
			296,957
Industrials (0.5%):
AP Moller - Maersk A/S, Class B	57	104,192
DSV Panalpina A S	1,113	131,475
Vestas Wind Systems A/S	3,417	63,798
			299,465
Materials (0.3%):
Novozymes A/S, Class B Shares	3,048	153,985
			153,985
Utilities (0.1%):
Orsted A/S	1,130	90,503
			90,503
			1,201,047
Finland (2.0%):
Consumer Staples (0.2%):
Kesko Oyj, Class B	7,080	132,822
			132,822

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Finland (2.0%): (continued)
Energy (0.2%):
Neste Oyj	2,939	129,021
			129,021
Financials (0.3%):
Sampo Oyj, Class A Shares	4,870	208,828
			208,828
Industrials (0.3%):
Kone OYJ	4,066	157,818
			157,818
Information Technology (0.3%):
Nokia Oyj	39,820	172,487
			172,487
Materials (0.5%):
Stora ENSO OYJ, Class R Shares	8,676	111,286
UPM-Kymmene OYJ	5,911	188,710
			299,996
Utilities (0.2%):
Fortum OYJ	9,488	128,024
			128,024
			1,228,996
France (6.0%):
Communication Services (0.3%):
Bollore	41,252	190,877
			190,877
Consumer Discretionary (0.7%):
Cie Generale des Etablissements Michelin SCA	6,008	136,319
EssilorLxottica SA	1,060	145,781
Hermes International SA	115	137,142
			419,242
Consumer Staples (0.2%):
Carrefour SA	10,252	142,803
			142,803
Financials (0.6%):
Amundi SA	2,794	117,618
Credit Agricole SA	16,042	131,479
Societe Generale SA	5,378	107,585
			356,682
Health Care (0.4%):
bioMerieux	1,459	116,376
Sartorius Stedim Biotech	325	100,986
			217,362
Industrials (2.2%):
Bouygues SA	8,134	214,009
Bureau Veritas SA	9,128	205,546
Legrand SA	2,668	174,274
Safran SA	1,319	121,507
Schneider Electric SA	1,163	133,268
Teleperformance	586	149,815
Thales SA	1,607	177,941

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
France (6.0%): (continued)
Industrials (2.2%): (continued)
Vinci SA	2,114	172,288
			1,348,648
Information Technology (0.6%):
Dassault Systemes SE	4,398	154,004
Edenred	4,081	189,392
			343,396
Materials (0.3%):
Air Liquide SA	1,703	196,181
			196,181
Utilities (0.7%):
Electricite de France SA	15,431	179,787
Engie SA	14,680	170,347
Veolia Environnement	5,468	105,608
			455,742
			3,670,933
Germany (5.6%):
Consumer Discretionary (0.4%):
Continental AG	2,038	91,764
Puma SE	2,078	97,678
Zalando SE (a)	2,648	52,493
			241,935
Consumer Staples (0.4%):
Beiersdorf AG	2,230	220,594
			220,594
Financials (1.5%):
Commerzbank AG (a)	16,084	115,715
Deutsche Boerse AG	1,448	238,730
Hannover Rueck SE	1,204	181,925
Muenchener Rueckversicherungs-Gesellschaft AG	766	185,775
Talanx AG	5,359	191,147
			913,292
Health Care (0.3%):
Carl Zeiss Meditec AG	949	99,920
Fresenius Medical Care AG	3,074	87,445
			187,365
Industrials (0.9%):
Brenntag AG	2,787	170,359
Deutsche Post AG	3,974	121,166
Kion Group AG	2,464	47,843
Knorr-Bremse AG	2,451	106,589
MTU Aero Engines AG	794	120,013
			565,970
Information Technology (0.2%):
Infineon Technologies AG	5,092	113,315
			113,315
Materials (1.0%):
BASF SE	3,334	129,373
Evonik Industries AG	8,721	147,414

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Germany (5.6%): (continued)
Materials (1.0%): (continued)
HeidelbergCement AG	3,301	132,136
Symrise AG	2,053	202,079
			611,002
Real Estate (0.4%):
Deutsche Wohnen SE	8,089	154,605
Vonovia Se	4,892	106,468
			261,073
Utilities (0.5%):
E.ON SE	19,736	152,704
RWE AG	4,103	151,936
		304,640
			3,419,186
Hong Kong (4.7%):
Financials (0.6%):
AIA Group Ltd.	18,523	154,449
Hang Seng Bank, Ltd.	14,742	223,870
			378,319
Industrials (0.8%):
CK Hutchison Holdings Ltd.	42,364	234,234
SITC International Holdings Co., Ltd.	33,940	62,783
Techtronic Industries Co.	10,083	97,434
Xinyi Glass Holdings, Ltd.	47,093	68,515
			462,966
Real Estate (1.3%):
CK Asset Holdings Ltd.	34,884	209,764
Henderson Land Development Co. Ltd.	51,889	145,432
Sun Hung Kai Properties Ltd.	22,948	253,909
The Wharf Holdings Ltd	55,000	176,224
			785,329
Utilities (2.0%):
CK Infrastructure Holdings Ltd.	46,222	235,838
CLP Holdings, Inc.	60,101	454,429
Hong Kong & China Gas Co. Ltd.	230,773	203,449
Power Assets Holdings Ltd.	66,947	336,040
		1,229,756
			2,856,370
Ireland (0.9%):
Consumer Staples (0.3%):
Kerry Group PLC	2,190	195,714
			195,714
Industrials (0.1%):
Kingspan Group PLC	1,678	76,196
			76,196
Materials (0.5%):
CRH PLC	4,833	156,615
Smurfit Kappa Group PLC	4,638	133,298
		289,913
			561,823

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Israel (1.1%):
Financials (0.6%):
Bank Hapoalim BM	24,036	204,376
Bank Leumi	20,570	177,045
			381,421
Information Technology (0.3%):
Nice Ltd. (a)	788	150,530
			150,530
Materials (0.2%):
ICL Group Ltd.	15,764	127,615
		127,615
			659,566
Italy (2.8%):
Consumer Discretionary (0.2%):
Moncler SpA	2,859	118,757
			118,757
Energy (0.3%):
Eni SpA	15,313	163,707
			163,707
Financials (0.9%):
Assicurazioni Generali SpA	12,045	165,477
Intesa Sanpaolo SpA	71,412	119,157
Poste Italiane SpA	18,049	137,776
UniCredit SpA	11,445	117,286
			539,696
Industrials (0.3%):
Atlantia SpA	9,811	217,369
			217,369
Information Technology (0.2%):
Nexi SpA (a)	15,377	125,697
			125,697
Utilities (0.9%):
Enel SpA	30,618	126,731
Snam SpA	53,525	217,455
Terna SpA	28,985	177,515
		521,701
			1,686,927
Japan (21.3%):
Communication Services (1.8%):
KDDI Corp.	9,200	269,751
Nexon Co. Ltd.	6,200	109,339
Nippon Telegraph & Telephone Corp.	10,900	294,212
Softbank Corp.	29,300	292,878
Z Holdings Corp.	38,300	100,626
			1,066,806
Consumer Discretionary (2.1%):
Bridgestone Corp.	5,900	190,361
Denso Corp.	3,000	136,535
Fast Retailing Co. Ltd.	400	212,038
Nitori Co. Ltd.	1,900	160,051

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Japan (21.3%): (continued)
Consumer Discretionary (2.1%): (continued)
Panasonic Corp.	21,400	150,026
Shimano ORD	700	110,000
Suzuki Motor Co.	5,800	179,599
Toyota Industries Corp.	3,000	142,630
			1,281,240
Consumer Staples (1.8%):
Ajinomoto Co., Inc.	8,400	229,983
KAO Corp.	7,400	301,604
Seven & i Holdings Co., Ltd.	5,600	224,681
Shiseido Co., Ltd.	3,800	132,768
Unicharm Corp.	6,100	200,228
			1,089,264
Energy (0.2%):
Inpex Corp.	13,400	125,842
			125,842
Financials (3.3%):
Dai-ichi Life Holdings, Inc.	10,600	167,889
Japan Post Bank Co. Ltd.	31,900	222,425
Japan Post Holdings Co. Ltd.	39,900	264,061
Mitsubishi UFJ Financial Group, Inc.	43,900	197,642
MS&AD Insurance Group Holdings, Inc.	8,900	235,923
ORIX Corp.	12,600	176,623
Sompo Holdings, Inc.	6,300	250,851
Sumitomo Mitsui Financial Group, Inc.	8,500	236,362
Tokio Marine Holdings, Inc.	15,000	265,876
			2,017,652
Health Care (2.3%):
Astellas Pharma, Inc.	14,500	192,084
Chugai Pharmaceutical Co. Ltd.	6,000	150,342
Daiichi Sankyo Co. Ltd.	7,200	201,108
Hoya Corp.	1,600	153,466
M3, Inc.	3,900	109,176
Olympus Corp.	8,200	157,444
Shionogi & Co. Ltd.	2,700	130,401
Sysmex Corp.	1,900	101,992
Terumo Corp.	6,300	177,363
			1,373,376
Industrials (4.5%):
Daikin Industries Ltd.	1,200	184,880
Fanuc Corp.	1,100	154,005
Hitachi, Ltd.	3,800	160,550
ITOCHU Corp.	8,100	195,965
Komatsu Ltd.	9,000	162,387
Kubota Corp.	9,800	135,714
Marubeni Corp.	19,300	169,113
Mitsubishi Corp.	7,200	197,427
Mitsubishi Electric Corp.	24,500	220,857
Nidec Corp.	2,500	140,453

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Japan (21.3%): (continued)
Industrials (4.5%): (continued)
Nippon Yusen KK	3,900	66,487
Secom Co. Ltd.	4,800	274,513
SMC Corp.	300	120,697
Sumitomo Corp.	17,900	222,962
Toshiba Corp.	5,700	202,775
Toyota Tsusho Corp.	4,600	142,409
			2,751,194
Information Technology (3.4%):
Advantest Corp.	2,000	92,599
Canon, Inc.	9,600	210,429
Fujifilm Holdings Corp.	3,500	159,847
Fujitsu, Ltd.	1,200	130,896
Keyence Corp.	400	132,403
Kyocera Corp.	4,800	242,140
Lasertec Corp.	800	81,238
Murata Manufacturing Co. Ltd.	3,300	151,238
Nomura Research Institute Ltd.	5,500	134,925
NTT Data Corp.	11,200	144,421
OBIC Co. Ltd.	1,500	200,988
Renesas Electronics Corp. (a)	13,700	113,796
TDK Corp.	5,100	157,007
Tokyo Electron Ltd.	400	98,680
			2,050,607
Materials (0.8%):
Nippon Paint Holdings Co. Ltd.	13,600	92,008
Nippon Steel Corp.	10,300	142,816
Shin-Etsu Chemical Co. Ltd.	1,400	138,636
Sumitomo Metal Mining Co., Ltd.	3,700	106,364
			479,824
Real Estate (1.1%):
Daiwa House Industry Co. Ltd.	10,600	215,611
Mitsubishi Estate Co. Ltd.	20,800	272,595
Mitsui Fudosan Co. Ltd.	10,800	205,574
		693,780
			12,929,585
Korea, Republic Of (4.7%):
Communication Services (0.3%):
Kakao Corp.	1,969	78,589
Naver Corp.	717	96,980
			175,569
Consumer Discretionary (1.0%):
Hyundai Mobis	1,244	166,087
Hyundai Motor Co.	1,646	203,075
Kia Corp.	3,335	167,613
LG Electronics, Inc.	1,548	85,050
			621,825

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Korea, Republic Of (4.7%): (continued)
Consumer Staples (0.2%):
LG Household & Health Care Ltd.	242	107,078
			107,078
Energy (0.2%):
SK Innovation Co. Ltd.	959	96,195
			96,195
Financials (0.8%):
Hana Financial Group, Inc.	5,649	139,981
KB Financial Group, Inc.	4,343	132,664
Shinhan Financial Group Co. Ltd.	7,983	186,936
			459,581
Health Care (0.4%):
Celltrion, Inc.	965	118,382
Samsung Biologics Co., Ltd. (a)	273	153,999
			272,381
Industrials (0.6%):
HMM Co., Ltd.	5,518	71,357
Samsung C&T Corp.	2,393	173,127
SK, Inc.	1,054	141,457
			385,941
Information Technology (0.8%):
Samsung Electro-Mechanics Co., Ltd.	1,331	104,202
Samsung Electronics Co. Ltd.	4,751	176,344
Samsung SDI Co. Ltd.	351	133,962
SK Hynix, Inc.	1,801	104,616
			519,124
Materials (0.4%):
LG Chem Ltd.	302	113,150
POSCO	776	114,452
		227,602
			2,865,296
Luxembourg (0.5%):
Energy (0.2%):
Tenaris SA	9,828	127,748
			127,748
Health Care (0.2%):
Eurofins Scientific SE	1,444	86,484
			86,484
Materials (0.1%):
ArcelorMittal SA	4,095	82,922
		82,922
			297,154
Netherlands (2.3%):
Consumer Discretionary (0.2%):
Prosus N.V.	2,006	106,088
			106,088
Financials (0.6%):
ABN AMRO Group N.V.	12,236	110,644
ING Groep NV	14,306	124,176

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Netherlands (2.3%): (continued)
Financials (0.6%): (continued)
NN Group NV	3,613	141,509
			376,329
Industrials (0.6%):
Randstad N.V.	3,212	140,313
Wolters Kluwer N.V.	2,433	238,220
			378,533
Information Technology (0.4%):
Adyen N.V. (a)	64	81,641
ASM International NV	408	93,453
ASML Holding N.V.	238	101,123
			276,217
Materials (0.5%):
AKZO Nobel N.V	2,289	130,812
Koninklijke DSM N.V.	1,287	148,120
		278,932
			1,416,099
New Zealand (0.2%):
Health Care (0.2%):
Fisher & Paykel Healthcare Corp., Ltd.	11,121	115,090
			115,090
Norway (1.4%):
Communication Services (0.3%):
Telenor ASA	17,372	159,087
			159,087
Consumer Staples (0.1%):
Mowi ASA	6,581	83,754
			83,754
Energy (0.2%):
Equinor ASA	4,115	135,406
			135,406
Financials (0.5%):
DNB Bank ASA	8,901	141,375
Gjensidige Forsikring ASA	10,174	174,822
			316,197
Materials (0.3%):
Norsk Hydro ASA	13,351	72,185
Yara International ASA	3,098	109,115
		181,300
			875,744
Portugal (0.6%):
Consumer Staples (0.3%):
Jeronimo Martins & Filho SA	9,262	172,895
			172,895
Utilities (0.3%):
EDP - Energias de Portugal SA	44,922	195,445
		195,445
			368,340

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Russian Federation (0.0%):†
Materials (0.0%):†
Evraz PLC (b)	38,723	17,507
			17,507
Singapore (2.3%):
Communication Services (0.5%):
Singapore Telecommunications, Ltd.	179,900	333,264
			333,264
Consumer Staples (0.4%):
Wilmar International Ltd.	82,700	221,163
			221,163
Financials (1.4%):
DBS Group Holdings Ltd.	11,900	276,719
Oversea-Chinese Banking Corp. Ltd.	36,800	303,185
United Overseas Bank	13,200	240,485
		820,389
			1,374,816
Spain (2.4%):
Consumer Discretionary (0.3%):
Industria de Diseno Textil SA	7,974	166,276
			166,276
Energy (0.3%):
Repsol SA	15,074	174,372
			174,372
Financials (0.2%):
Caixabank SA	47,099	152,811
			152,811
Health Care (0.1%):
Grifols SA (a)	9,447	82,222
			82,222
Industrials (0.3%):
Ferrovial SA	8,257	189,250
			189,250
Utilities (1.2%):
Endesa SA	10,027	151,509
Iberdrola SA	18,989	178,296
Naturgy Energy Group SA	7,026	163,376
Red Electrica Corp. SA	14,356	221,000
		714,181
			1,479,112
Sweden (5.0%):
Communication Services (0.3%):
Telia Co. AB	73,079	211,030
			211,030
Consumer Staples (0.3%):
Essity Aktiebolag, Class B	8,765	174,480
			174,480
Energy (0.5%):
Orron Energy AB	153,736	276,857
			276,857

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES		VALUE ($)
Sweden (5.0%): (continued)
Financials (1.6%):
EQT AB	2,785		55,013
Industrivarden AB, Class C	7,413		149,237
Investor AB, Class B	8,904		131,313
L E Lundbergforetagen AB, Class B	3,725		135,810
Skandinavisk Enskilda Banken AB	15,351		147,809
Svenska Handelsbanken AB	22,299		184,192
Swedbank AB, Class A Shares	11,175		147,950
				951,324
Health Care (0.1%):
Getinge AB, Class B Shares	4,088		70,652
				70,652
Industrials (1.4%):
ALFA Laval AB	5,007		125,673
ASSA Abloy AB	7,041		133,115
Atlas Copco AB, Class A (a)	13,311		125,767
Epiroc AB, Class A	8,169		117,948
Nibe Industrier AB, Class B	11,997		108,268
Sandvik AB	7,829		107,674
Volvo AB	10,677		152,167
				870,612
Information Technology (0.3%):
Hexagon AB, Class B	11,939		112,696
Telefonaktiebolaget LM Ericsson, Class B	16,232		95,839
				208,535
Materials (0.4%):
Boliden AB	3,215		100,448
Svenska Cellulosa AB SCA, Class B	9,770		125,077
				225,525
Real Estate (0.1%):
Fastighets AB Balder, Class B Shares (a)	15,562		62,791
			62,791
				3,051,806
Switzerland (6.8%):
Communication Services (0.5%):
Swisscom AG	658		309,156
				309,156
Consumer Discretionary (0.4%):
CIE Financiere Richemont SA	1,112		106,274
The Swatch Group AG	625		142,233
				248,507
Consumer Staples (0.8%):
Barry Callebaut AG	141		267,135
Chocoladefabriken Lindt & Spruengli AG	20		193,817
				460,952
Financials (1.1%):
Julius Baer Group Ltd.	3,484		153,628
Partners Group Holding AG		152		123,973

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Switzerland (6.8%): (continued)
Financials (1.1%): (continued)
Swiss Life Holding AG	429	190,691
Swiss Re AG	2,796	207,354
			675,646
Health Care (0.6%):
Alcon, Inc.	2,617	154,235
Sonova Holding AG	470	104,815
Straumann Holding AG, Class R	1,119	104,175
			363,225
Industrials (1.6%):
ABB Ltd.	7,183	187,857
Geberit AG	452	195,874
Kuehne & Nagel International AG	665	136,168
Schindler Holding AG	1,110	174,011
SGS SA	106	228,333
VAT Group AG	412	85,115
			1,007,358
Information Technology (0.4%):
Logitech International SA, Class R	2,320	108,063
STMicroelectronics N.V.	4,224	133,465
			241,528
Materials (1.4%):
EMS-Chemie Holding AG	270	172,017
Givaudan SA	58	176,558
Glencore PLC	25,176	134,379
Holcim, Ltd.	5,341	221,869
Sika AG	623	126,747
		831,570
			4,137,942
United Kingdom (5.9%):
Communication Services (0.2%):
BT Group PLC	69,040	93,523
			93,523
Consumer Discretionary (0.2%):
Next PLC	2,466	132,161
			132,161
Consumer Staples (0.2%):
Associated British Foods PLC	8,852	124,655
			124,655
Financials (1.8%):
3I Group PLC	10,650	129,942
Admiral Group PLC	6,451	137,867
Aviva PLC	41,489	179,791
Legal & General Group PLC	54,563	131,867
Lloyds Banking Group PLC	254,850	117,750
London Stock Exchange Group	1,763	150,121
Schroders PLC	28,341	123,163
Standard Chartered PLC	22,246	140,754
			1,111,255

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
United Kingdom (5.9%): (continued)
Health Care (0.3%):
Smith & Nephew PLC	13,231	155,156
			155,156
Industrials (2.1%):
Ashtead Group PLC	2,944	134,281
Bunzl PLC	6,819	210,092
Ferguson PLC	1,754	184,129
Intertek Group PLC	3,288	136,061
RELX PLC	9,265	227,741
Rentokil Initial PLC	29,915	159,456
Rolls-Royce Holdings PLC (a)	91,421	71,019
Spirax-Sarco Engineering PLC	1,240	143,958
			1,266,737
Information Technology (0.2%):
Halma PLC	6,547	149,457
			149,457
Materials (0.6%):
Anglo American PLC	2,645	80,768
Croda International PLC	2,085	150,029
Rio Tinto PLC	2,147	117,342
			348,139
Utilities (0.3%):
SSE PLC	10,468	178,494
		178,494
			3,559,577
United States (0.5%):
Industrials (0.5%):
Waste Connections, Inc.	2,432	328,651
		328,651
Total Common Stocks (Cost $77,469,290)		60,218,356
Total Investments (Cost $77,469,290) — 99.0%		60,218,356
Other assets in excess of liabilities — 1.0%		596,176
NET ASSETS - 100.00%		60,814,532

Percentages indicated are based on net assets as of September 30, 2022.

† Represents less than 0.05%.

(a) Non-income producing security.

(b) Security was fair valued based upon procedures approved by the Board of Trustees and represents 0.0% of the Fund’s net assets as of September 30, 2022. This security is classified as Level 3 within the fair value hierarchy.

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan International ETF	(Unaudited)

Futures Contracts

Long Futures

Index Futures	Expiration Date		Number of Contracts		Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
Mini MSCI EAFE Index December Future (U.S. Dollar)		12/16/22		4	$	332,120	$	(18,711)
							$	(18,711)

	Schedule of Portfolio Investments
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (22.4%)
Communication Services (0.2%):
Liberty Media Corp-Liberty Formula One, Class C(a)	1,099	64,291
Lumen Technologies, Inc.	3,925	28,574
News Corp., Class A	3,024	45,693
ZoomInfo Technologies, Inc.(a)	574	23,913
		162,471
Consumer Discretionary (1.8%):
Aptiv PLC(a)	428	33,474
AutoZone, Inc.(a)	36	77,110
Bath & Body Works, Inc.	924	30,122
Booking Holdings, Inc.(a)	21	34,507
Burlington Stores, Inc.(a)	206	23,049
CarMax, Inc.(a)	503	33,208
Chewy, Inc., Class A(a)	607	18,647
Chipotle Mexican Grill, Inc.(a)	34	51,094
Dollar General Corp.	318	76,275
Dollar Tree, Inc.(a)	277	37,700
Domino’s Pizza, Inc.	140	43,428
DR Horton, Inc.	738	49,704
Garmin Ltd.	600	48,186
Genuine Parts Co.	609	90,936
Lennar Corp.	680	50,694
LKQ Corp.	1,207	56,910
Lowe’s Cos., Inc.	323	60,663
NVR, Inc.(a)	15	59,806
O’Reilly Automotive, Inc.(a)	111	78,072
Pool Corp.	137	43,595
Pultegroup, Inc.	1,222	45,825
Ross Stores, Inc.	582	49,045
Tapestry, Inc.	1,251	35,566
Tesla, Inc.(a)	98	25,995
Tractor Supply Co.	292	54,277
Vail Resorts, Inc.	226	48,735
		1,256,623
Consumer Staples (0.9%):
Bunge, Ltd.	608	50,203
Campbell Soup Co.	1,869	88,067
Costco Wholesale Corp.	140	66,118
Darling Ingredients, Inc.(a)	647	42,799
Hormel Foods Corp.	1,785	81,110
McCormick & Co., Inc.	875	62,361
Monster Beverage Corp.(a)	812	70,612
Sysco Corp.	761	53,810
The JM Smucker Co.	605	83,133
Tyson Foods, Inc., Class A	763	50,305
		648,518

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

Energy (1.2%):
APA Corp.	797	27,249
ConocoPhillips	531	54,343
Continental Resources, Inc.	575	38,416
Coterra Energy, Inc.	1,453	37,952
Devon Energy Corp.	592	35,597
Diamondback Energy, Inc.	276	33,247
EOG Resources, Inc.	379	42,346
Halliburton Co.	1,061	26,122
Hess Corp.	400	43,596
Kinder Morgan, Inc.	3,827	63,681
Marathon Oil Corp.	1,495	33,757
Marathon Petroleum Corp.	669	66,452
Occidental Petroleum Corp.	517	31,770
ONEOK, Inc.	881	45,142
Ovintiv, Inc.	667	30,682
Phillips 66	599	48,351
Pioneer Natural Resources Co.	215	46,554
Schlumberger N.V.	1,027	36,869
The Williams Cos., Inc.	2,383	68,225
Valero Energy Corp.	470	50,220
		860,571
Financials (2.5%):
Aflac, Inc.	1,292	72,610
American Financial Group, Inc.	539	66,259
Arch Capital Group Ltd.(a)	1,679	76,462
Ares Management Corp., Class A	636	39,400
Arthur J Gallagher & Co.	470	80,473
Brown & Brown, Inc.	1,022	61,811
Cboe Global Markets, Inc.	673	78,990
Cincinnati Financial Corp.	501	44,875
CNA Financial Corp.	1,647	60,774
Coinbase Global, Inc., Class A(a)	175	11,286
East West Bancorp, Inc.	655	43,977
Everest Re Group, Ltd.	249	65,348
FactSet Research Systems, Inc.	198	79,222
First Citizens BancShares, Inc., Class A	77	61,402
First Republic Bank	372	48,565
Franklin Resources, Inc.	1,974	42,480
Interactive Brokers Group, Inc.	881	56,305
Intercontinental Exchange, Inc.	695	62,793
LPL Financial Holdings, Inc.	251	54,838
Markel Corp.(a)	58	62,885
MarketAxess Holdings, Inc.	224	49,838
Morningstar, Inc.	224	47,560
MSCI, Inc.	112	47,240
Nasdaq, Inc.	1,379	78,162
Principal Financial Group, Inc.	877	63,275
Raymond James Financial, Inc.	577	57,019
Rocket Cos., Inc., Class A	4,341	27,435

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

Financials (2.5%): (continued)
Signature Bank	153	23,103
SVB Financial Group(a)	79	26,527
Tradeweb Markets, Inc., Class A	881	49,706
Upstart Holdings, Inc.(a)	180	3,742
Webster Financial Corp.	1,016	45,923
WR Berkley Corp.	1,223	78,981
		1,769,266
Health Care (2.8%):
ABIOMED, Inc.(a)	140	34,392
Agilent Technologies, Inc.	526	63,935
Align Technology, Inc.(a)	101	20,918
Amgen, Inc.	341	76,861
Avantor, Inc.(a)	1,899	37,220
Baxter International, Inc.	1,096	59,031
Bio-Rad Laboratories, Inc., Class A(a)	98	40,880
Bruker Corp.	846	44,889
Cardinal Health, Inc.	1,022	68,147
Catalent, Inc.(a)	514	37,193
Centene Corp.(a)	677	52,677
Charles River Laboratories International, Inc.(a)	177	34,834
Danaher Corp.	244	63,023
DaVita, Inc.(a)	529	43,785
DENTSPLY SIRONA, Inc.	1,388	39,350
Dexcom, Inc.(a)	314	25,290
Edwards Lifesciences Corp.(a)	485	40,076
HCA Healthcare, Inc.	238	43,742
Henry Schein, Inc.(a)	854	56,168
Horizon Therapeutics PLC(a)	567	35,092
Humana, Inc.	121	58,708
IDEXX Laboratories, Inc.(a)	105	34,209
Illumina, Inc.(a)	128	24,421
Incyte Corp.(a)	767	51,113
Insulet Corp.(a)	141	32,345
Intuitive Surgical, Inc.(a)	194	36,363
IQVIA Holdings, Inc.(a)	276	49,995
Mettler-Toledo International, Inc.(a)	50	54,206
Molina Healthcare, Inc.(a)	176	58,052
PerkinElmer, Inc.	357	42,958
Regeneron Pharmaceuticals, Inc.(a)	96	66,131
Repligen Corp.(a)	223	41,726
ResMed, Inc.	261	56,976
STERIS PLC	291	48,387
Stryker Corp.	267	54,078
Teleflex, Inc.	175	35,255
Veeva Systems, Inc., Class A(a)	234	38,582
Vertex Pharamaceuticals, Inc.(a)	265	76,728
Waters Corp.(a)	235	63,340
West Pharmaceutical Services, Inc.	140	34,451
Zimmer Biomet Holdings, Inc.	471	49,243

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

Health Care (2.8%): (continued)
Zoetis, Inc.	407	60,354
		1,985,124
Industrials (5.4%):
A.O. Smith Corp.	1,071	52,029
AMERCO, Inc.	131	66,708
AMETEK, Inc.	713	80,861
Builders FirstSource, Inc.(a)	728	42,894
Carlisle Companies, Inc.	332	93,096
Carrier Global Corp.	1,462	51,989
Caterpillar, Inc.	310	50,865
CH Robinson Worldwide, Inc.	642	61,831
Cintas Corp.	187	72,592
Copart, Inc.(a)	486	51,710
Costar Group, Inc.(a)	728	50,705
CSX Corp.	2,222	59,194
Deere & Co.	138	46,077
Dover Corp.	533	62,137
Eaton Corp. PLC	518	69,080
Emerson Electric Co.	801	58,649
Equifax, Inc.	278	47,658
Expeditors International of Washington, Inc.	756	66,762
Fastenal Co.	1,559	71,776
Fortive Corp.	1,239	72,234
Fortune Brands Home & Security, Inc.	841	45,153
Generac Holdings, Inc.(a)	136	24,227
General Dynamics Corp.	398	84,444
Graco, Inc.	1,209	72,480
HEICO Corp.	472	67,959
Honeywell International, Inc.	444	74,135
Howmet Aerospace, Inc.	1,518	46,952
IDEX Corp.	406	81,139
Illinois Tool Works, Inc.	471	85,086
Ingersoll Rand, Inc.	1,372	59,353
J.B. Hunt Transport Services, Inc.	369	57,719
Johnson Controls International PLC	1,138	56,012
Leidos Holdings, Inc.	596	52,132
Masco Corp.	1,412	65,926
Nordson Corp.	343	72,809
Norfolk Southern Corp.	302	63,314
Old Dominion Freight Line, Inc.	236	58,710
Otis Worldwide Corp.	1,026	65,459
PACCAR, Inc.	905	75,739
Parker Hannifin Corp.	242	58,639
Quanta Services, Inc.	366	46,625
Regal Rexnord Corp.	432	60,636
Republic Services, Inc.	677	92,099
Robert Half International, Inc.	600	45,900
Rockwell Automation, Inc.	286	61,521
Rollins, Inc.	1,822	63,187

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

Industrials (5.4%): (continued)
Roper Technologies, Inc.	192	69,051
Snap-on, Inc.	352	70,875
Trane Technologies PLC	471	68,206
TransDigm Group, Inc.	92	48,283
TransUnion	679	40,394
Trex Co., Inc.(a)	587	25,793
Union Pacific Corp.	376	73,252
United Rentals, Inc.(a)	163	44,030
Verisk Analytics, Inc.	398	67,871
Waste Management, Inc.	618	99,010
Watsco, Inc.	275	70,801
Westinghouse Air Brake Technologies Corp.	727	59,141
WW Grainger, Inc.	160	78,270
Xylem, Inc.	738	64,472
		3,745,651
Information Technology (3.3%):
Advanced Micro Devices, Inc.(a)	333	21,099
Akamai Technologies, Inc.(a)	651	52,288
Amphenol Corp., Class A	1,098	73,522
Analog Devices, Inc.	378	52,671
ANSYS, Inc.(a)	186	41,236
AppLovin Corp., Class A(a)	517	10,076
Arista Networks, Inc.(a)	343	38,721
Bentley Systems, Inc., Class B	1,114	34,077
Broadcom, Inc.	106	47,065
Broadridge Financial Solutions, Inc.	495	71,438
Cadence Design Systems, Inc.(a)	317	51,807
CDW Corp.	392	61,183
Cognex Corp.	673	27,896
Cognizant Technology Solutions Corp., Class A	913	52,443
Dynatrace, Inc.(a)	858	29,867
Enphase Energy, Inc.(a)	137	38,013
Entegris, Inc.	408	33,872
EPAM Systems, Inc.(a)	67	24,267
F5, Inc.(a)	300	43,419
Fair Isaac Corp.(a)	119	49,029
Fidelity National Information Services, Inc.	520	39,296
FleetCor Technologies, Inc.(a)	245	43,162
Fortinet, Inc.(a)	558	27,415
Gartner, Inc.(a)	177	48,974
Jack Henry & Associates, Inc.	392	71,450
Juniper Networks, Inc.	1,973	51,535
Keysight Technologies, Inc.(a)	443	69,710
KLA Corp.	124	37,526
Lam Research Corp.	87	31,842
Microchip Technology, Inc.	718	43,820
Monolithic Power Systems, Inc.	99	35,977
NetApp, Inc.	826	51,088
NVIDIA Corp.	143	17,359

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

Information Technology (3.3%): (continued)
NXP Semiconductors NV	273	40,270
ON Semiconductor Corp.(a)	645	40,203
Paychex, Inc.	591	66,316
Paycom Software, Inc.(a)	131	43,229
Paylocity Holding Corp.(a)	198	47,833
PTC, Inc.(a)	516	53,974
Qorvo, Inc.(a)	418	33,193
ServiceNow, Inc.(a)	79	29,831
Skyworks Solutions, Inc.	444	37,860
SS&C Technologies Holdings, Inc.	1,128	53,862
Synopsys, Inc.(a)	157	47,965
TE Connectivity Ltd.	536	59,153
Teledyne Technologies, Inc.(a)	168	56,695
Teradyne, Inc.	351	26,378
The Trade Desk, Inc., Class A(a)	345	20,614
Trimble, Inc.(a)	830	45,044
Tyler Technologies, Inc.(a)	133	46,218
Ubiquiti, Inc.	162	47,557
Western Digital Corp.(a)	939	30,564
Zebra Technologies Corp.(a)	133	34,847
		2,284,749
Materials (1.7%):
Albemarle Corp.	181	47,864
Alcoa Corp.	350	11,781
Avery Dennison Corp.	385	62,639
Ball Corp.	807	38,994
Celanese Corp.	452	40,834
CF Industries Holdings, Inc.	394	37,922
Cleveland-Cliffs, Inc.(a)	1,019	13,726
Eastman Chemical Co.	577	40,996
Ecolab, Inc.	395	57,046
FMC Corp.	439	46,402
Freeport-McMoRan, Inc.	824	22,520
International Flavors & Fragrances, Inc.	546	49,593
International Paper Co.	1,697	53,795
LyondellBasell Industries NV, Class A	632	47,577
Martin Marietta Materials, Inc.	176	56,688
Newmont Corp.	742	31,186
Nucor Corp.	267	28,566
Packaging Corp. of America	499	56,033
PPG Industries, Inc.	516	57,116
Reliance Steel & Aluminum Co.	368	64,183
RPM International, Inc.	956	79,644
Steel Dynamics, Inc.	516	36,610
The Mosaic Co.	543	26,243
The Sherwin-Williams Co.	306	62,654
Vulcan Materials Co.	379	59,772
Westlake Chemical Corp.	477	41,442

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan US Large/Mid Cap Core Enhanced ETF	(Unaudited)

Materials (1.7%): (continued)
Westrock Co.	1,277	39,447
			1,211,273
Real Estate (0.1%):
CBRE Group, Inc., Class A(a)	704	47,527
			47,527
Utilities (2.5%):
Alliant Energy Corp.	1,525	80,810
Ameren Corp.	1,096	88,283
American Electric Power Co., Inc.	1,066	92,156
American Water Works Co., Inc.	529	68,855
Atmos Energy Corp.	773	78,730
CenterPoint Energy, Inc.	2,927	82,483
CMS Energy Corp.	1,474	85,846
Consolidated Edison, Inc.	1,030	88,333
Dominion Energy, Inc.	1,120	77,403
DTE Energy Co.	801	92,155
Entergy Corp.	699	70,340
Essential Utilities, Inc.	1,785	73,863
Evergy, Inc.	1,554	92,307
Eversource Energy	1,030	80,299
FirstEnergy Corp.	2,087	77,219
NextEra Energy, Inc.	850	66,648
NiSource, Inc.	3,335	84,009
PPL Corp.	3,611	91,539
The Southern Co.	1,452	98,736
WEC Energy Group, Inc.	961	85,942
Xcel Energy, Inc.	1,329	85,056
		1,741,012
Total Common Stocks (Cost $17,483,792)		15,712,785
Investment Company (77.4%)
BlackRock Liquidity Funds T-Fund, Institutional Class, 2.79%(b)	54,083,364	54,083,364
Total Investment Company (Cost $54,083,364)		54,083,364
Total Investments (Cost $71,567,156) — 99.8%		69,796,149
Other assets in excess of liabilities — 0.2%		104,193
NET ASSETS - 100.00%		69,900,342

Percentages indicated are based on net assets as of September 30, 2022.

(a) Non-income producing security.

(b) Rate disclosed is the 7-Day effective yield on September 30, 2022.

Futures Contracts

Long Futures

Index Futures	Expiration Date		Number of Contracts		Notional Amount		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini December Future (U.S. Dollar)		12/16/22		1		$          180,075		$                (20,029)
								$                (20,029)

	Schedule of Portfolio Investments
	September 30, 2022
Timothy Plan High Dividend Stock Enhanced ETF	(Unaudited)

SECURITY DESCRIPTION	SHARES	VALUE ($)
Common Stocks (99.4%)
Communication Services (0.5%):
Lumen Technologies, Inc.	36,655	266,848
			266,848
Consumer Discretionary (3.7%):
Garmin Ltd.	5,599	449,656
Genuine Parts Co.	5,693	850,079
Lowe’s Cos., Inc.	3,026	568,313
Tapestry, Inc.	11,672	331,835
			2,199,883
Consumer Staples (6.4%):
Bunge, Ltd.	5,677	468,750
Campbell Soup Co.	17,447	822,103
Hormel Foods Corp.	16,649	756,530
Sysco Corp.	7,096	501,758
The JM Smucker Co.	5,653	776,779
Tyson Foods, Inc., Class A	7,115	469,092
			3,795,012
Energy (8.8%):
ConocoPhillips	4,953	506,890
Coterra Energy, Inc.	13,568	354,396
Devon Energy Corp.	5,519	331,857
EOG Resources, Inc.	3,598	402,005
Kinder Morgan, Inc.	35,715	594,298
Marathon Petroleum Corp.	6,248	620,614
ONEOK, Inc.	8,213	420,834
Phillips 66	5,595	451,628
Pioneer Natural Resources Co.	1,991	431,111
The Williams Cos., Inc.	22,236	636,617
Valero Energy Corp.	4,382	468,217
			5,218,467
Financials (11.5%):
Aflac, Inc.	12,043	676,817
American Financial Group, Inc.	4,979	612,068
Ares Management Corp., Class A	5,917	366,558
Cboe Global Markets, Inc.	6,291	738,375
Cincinnati Financial Corp.	4,695	420,531
CNA Financial Corp.	15,391	567,928
East West Bancorp, Inc.	6,112	410,360
Everest Re Group, Ltd.	2,332	612,010
Franklin Resources, Inc.	18,423	396,463
Principal Financial Group, Inc.	8,172	589,610
Rocket Cos., Inc., Class A	40,533	256,168
Webster Financial Corp.	9,479	428,451
WR Berkley Corp.	11,516	743,703
			6,819,042
Health Care (3.2%):
Amgen, Inc.	3,169	714,293

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan High Dividend Stock Enhanced ETF	(Unaudited)

Health Care (3.2%): (continued)
Baxter International, Inc.	10,236	551,311
Cardinal Health, Inc.	9,542	636,260
			1,901,864
Industrials (23.2%):
A.O. Smith Corp.	9,987	485,168
Caterpillar, Inc.	2,898	475,504
CH Robinson Worldwide, Inc.	5,978	575,741
Eaton Corp. PLC	4,821	642,929
Emerson Electric Co.	7,484	547,979
Fastenal Co.	14,555	670,112
Fortune Brands Home & Security, Inc.	7,846	421,252
General Dynamics Corp.	3,702	785,453
Honeywell International, Inc.	4,158	694,261
Illinois Tool Works, Inc.	4,394	793,776
Johnson Controls International PLC	10,619	522,667
Masco Corp.	13,160	614,440
Norfolk Southern Corp.	2,821	591,423
PACCAR, Inc.	8,445	706,762
Parker Hannifin Corp.	2,260	547,621
Regal Rexnord Corp.	4,040	567,054
Rockwell Automation, Inc.	2,661	572,408
Snap-on, Inc.	3,285	661,435
Trane Technologies PLC	4,389	635,571
Union Pacific Corp.	3,516	684,987
Waste Management, Inc.	5,777	925,533
Watsco, Inc.	2,546	655,493
			13,777,569
Information Technology (7.5%):
Analog Devices, Inc.	3,538	492,985
Broadcom, Inc.	975	432,910
Broadridge Financial Solutions, Inc.	4,628	667,913
Fidelity National Information Services, Inc.	4,835	365,381
Juniper Networks, Inc.	18,411	480,895
NetApp, Inc.	7,702	476,369
Paychex, Inc.	5,514	618,726
Skyworks Solutions, Inc.	4,162	354,894
TE Connectivity Ltd.	5,004	552,241
			4,442,314
Materials (10.5%):
Avery Dennison Corp.	3,607	586,859
Celanese Corp.	4,195	378,976
Eastman Chemical Co.	5,370	381,539
FMC Corp.	4,109	434,321
International Flavors & Fragrances, Inc.	5,098	463,051
International Paper Co.	15,852	502,508
LyondellBasell Industries NV, Class A	5,817	437,904
Newmont Corp.	6,941	291,730
Packaging Corp. of America	4,674	524,844
PPG Industries, Inc.	4,801	531,423

	Schedule of Portfolio Investments — continued
	September 30, 2022
Timothy Plan High Dividend Stock Enhanced ETF	(Unaudited)

Materials (10.5%): (continued)
Reliance Steel & Aluminum Co.	3,444	600,668
RPM International, Inc.	8,920	743,125
Westrock Co.	11,936	368,703
		6,245,651
Utilities (24.1%):
Alliant Energy Corp.	14,257	755,478
Ameren Corp.	10,237	824,590
American Electric Power Co., Inc.	9,986	863,290
Atmos Energy Corp.	7,210	734,338
CenterPoint Energy, Inc.	27,314	769,709
CMS Energy Corp.	13,738	800,101
Consolidated Edison, Inc.	9,625	825,440
Dominion Energy, Inc.	10,441	721,578
DTE Energy Co.	7,485	861,149
Entergy Corp.	6,510	655,101
Evergy, Inc.	14,500	861,300
Eversource Energy	9,616	749,663
FirstEnergy Corp.	19,471	720,427
NiSource, Inc.	31,114	783,762
PPL Corp.	33,713	854,625
The Southern Co.	13,552	921,536
WEC Energy Group, Inc.	8,972	802,366
Xcel Energy, Inc.	12,410	794,240
		14,298,693
Total Common Stocks (Cost $65,457,020)		58,965,343
Investment Company (0.5%)
BlackRock Liquidity Funds T-Fund, Institutional Class, 2.79%(a)	300,567	300,567
Total Investment Company (Cost $300,567)		300,567
Total Investments (Cost $65,757,587) — 99.9%		59,265,910
Other assets in excess of liabilities — 0.1%		92,777
NET ASSETS - 100.00%		59,358,687

Percentages indicated are based on net assets as of September 30, 2022.

(a) Rate disclosed is the 7-Day effective yield on September 30, 2022.

Futures Contracts

Long Futures

Index Futures	Expiration Date		Number of Contracts		Notional       Amount		Value and Unrealized Appreciation/ (Depreciation)
S&P 500 Index E-mini December Future (U.S. Dollar)		12/16/22		2	$	360,150	$	(29,551)
							$	(29,551)