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Timothy Plan US Large/Mid Cap Core ETF (TPLC) NPORT-PTimothy Plan Market Neutral ETF (Sep 2024 report)

Filed: 26 Nov 24, 10:43am

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

US

Small

Cap

Core

ETF

1

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(99.6%)

Communication

Services

(

1.4%

):

Cable

One,

Inc.

659‌

230,512‌

Cargurus,

Inc.(a)

12,103‌

363,453‌

Cogent

Communications

Holdings,

Inc.

4,545‌

345,057‌

Integral

Ad

Science

Holding

Corp.(a)

14,793‌

159,912‌

Madison

Square

Garden

Entertainment

Corp.(a)

7,925‌

337,050‌

Madison

Square

Garden

Sports

Corp.(a)

1,935‌

402,983‌

Sphere

Entertainment

Co.(a)

4,200‌

185,556‌

United

States

Cellular

Corp.(a)

2,255‌

123,236‌

2,147,759‌

Consumer

Discretionary

(

14.0%

):

Academy

Sports

&

Outdoors,

Inc.

4,181‌

244,003‌

Acushnet

Holdings

Corp.

5,335‌

340,106‌

Adient

PLC(a)

9,483‌

214,031‌

Adtalem

Global

Education,

Inc.(a)

5,374‌

405,630‌

American

Eagle

Outfitters,

Inc.

10,841‌

242,730‌

Arhaus,

Inc.

12,455‌

153,321‌

Asbury

Automotive

Group,

Inc.(a)

1,263‌

301,339‌

Atmus

Filtration

Technologies,

Inc.

9,573‌

359,275‌

Bloomin'

Brands,

Inc.

11,576‌

191,351‌

Boot

Barn

Holdings,

Inc.(a)

2,319‌

387,922‌

Bowlero

Corp.,

Class

A

14,182‌

166,497‌

Brinker

International,

Inc.(a)

6,129‌

469,052‌

Camping

World

Holdings,

Inc.,

Class

A

9,279‌

224,737‌

Carter's,

Inc.

5,378‌

349,462‌

Carvana

Co.(a)

1,222‌

212,762‌

Cavco

Industries,

Inc.(a)

709‌

303,622‌

Century

Communities,

Inc.

3,178‌

327,270‌

Chewy,

Inc.,

Class

A(a)

10,518‌

308,072‌

Columbia

Sportswear

Co.

5,587‌

464,783‌

Cracker

Barrel

Old

Country

Store,

Inc.

4,225‌

191,604‌

Dana,

Inc.

22,751‌

240,251‌

Dave

&

Buster's

Entertainment,

Inc.(a)

4,794‌

163,236‌

Dillard's,

Inc.,

Class

A

621‌

238,271‌

Dorman

Products,

Inc.(a)

2,842‌

321,487‌

Dream

Finders

Homes,

Inc.,

Class

A(a)

3,936‌

142,523‌

Dutch

Bros,

Inc.,

Class

A(a)

6,623‌

212,135‌

First

Watch

Restaurant

Group,

Inc.(a)

13,953‌

217,667‌

Foot

Locker,

Inc.

6,308‌

162,999‌

Fox

Factory

Holding

Corp.(a)

4,056‌

168,324‌

Frontdoor,

Inc.(a)

10,605‌

508,934‌

Gentherm,

Inc.(a)

3,911‌

182,057‌

Graham

Holdings

Co.,

Class

B

596‌

489,745‌

Grand

Canyon

Education,

Inc.(a)

2,984‌

423,280‌

Green

Brick

Partners,

Inc.(a)

4,627‌

386,447‌

Group

1

Automotive,

Inc.

1,102‌

422,110‌

H&R

Block,

Inc.

8,389‌

533,121‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Consumer

Discretionary

(14.0%):

(continued)

Helen

of

Troy

Ltd.(a)

2,939‌

181,777‌

Installed

Building

Products,

Inc.

1,078‌

265,479‌

Jack

in

the

Box,

Inc.

5,276‌

245,545‌

KB

Home

4,431‌

379,692‌

Kontoor

Brands,

Inc.

4,889‌

399,822‌

Laureate

Education,

Inc.

26,942‌

447,507‌

La-Z-Boy,

Inc.

9,350‌

401,396‌

LCI

Industries

2,341‌

282,184‌

Leslie's,

Inc.(a)

25,754‌

81,383‌

LGI

Homes,

Inc.(a)

2,280‌

270,226‌

Life

Time

Group

Holdings,

Inc.(a)

13,842‌

338,022‌

M/I

Homes,

Inc.(a)

2,244‌

384,532‌

Mister

Car

Wash,

Inc.(a)

27,677‌

180,177‌

Modine

Manufacturing

Co.(a)

2,220‌

294,794‌

Ollie's

Bargain

Outlet

Holdings,

Inc.(a)

4,517‌

439,052‌

Oxford

Industries,

Inc.

2,997‌

260,020‌

Papa

John's

International,

Inc.

5,126‌

276,138‌

Patrick

Industries,

Inc.

3,091‌

440,066‌

Phinia,

Inc.

6,831‌

314,431‌

Signet

Jewelers

Ltd.

2,374‌

244,854‌

Skyline

Champion

Corp.(a)

2,926‌

277,531‌

Sonic

Automotive,

Inc.,

Class

A

4,678‌

273,569‌

Steven

Madden

Ltd.

9,608‌

470,696‌

Strategic

Education,

Inc.

3,380‌

312,819‌

Stride,

Inc.(a)

5,472‌

466,816‌

The

Buckle,

Inc.

7,950‌

349,562‌

The

Cheesecake

Factory,

Inc.

9,751‌

395,403‌

The

Wendy's

Co.

24,578‌

430,607‌

Topgolf

Callaway

Brands

Corp.(a)

12,279‌

134,823‌

Tri

Pointe

Homes,

Inc.(a)

7,499‌

339,780‌

United

Parks

&

Resorts,

Inc.(a)

5,233‌

264,790‌

Visteon

Corp.(a)

2,808‌

267,434‌

Wingstop,

Inc.

803‌

334,112‌

Winnebago

Industries,

Inc.

4,794‌

278,579‌

Worthington

Enterprises,

Inc.

4,775‌

197,924‌

XPEL,

Inc.(a)

3,665‌

158,951‌

YETI

Holdings,

Inc.(a)

5,429‌

222,752‌

21,973,401‌

Consumer

Staples

(

4.8%

):

BellRing

Brands,

Inc.(a)

6,504‌

394,923‌

Cal-Maine

Foods,

Inc.

5,581‌

417,682‌

Central

Garden

&

Pet

Co.,

Class

A(a)

8,815‌

276,791‌

Edgewell

Personal

Care

Co.

11,432‌

415,439‌

Energizer

Holdings,

Inc.

11,403‌

362,159‌

Grocery

Outlet

Holding

Corp.(a)

13,742‌

241,172‌

Ingles

Markets,

Inc.,

Class

A

6,834‌

509,816‌

Inter

Parfums,

Inc.

2,280‌

295,214‌

J

&

J

Snack

Foods

Corp.

3,106‌

534,605‌

National

Beverage

Corp.

8,250‌

387,255‌

Seaboard

Corp.

156‌

489,372‌

Spectrum

Brands

Holdings,

Inc.

4,780‌

454,769‌

Sprouts

Farmers

Market,

Inc.(a)

5,728‌

632,429‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Small

Cap

Core

ETF

2

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Consumer

Staples

(4.8%):

(continued)

The

Andersons,

Inc.

5,422‌

271,859‌

The

Chefs'

Warehouse,

Inc.(a)

6,501‌

273,107‌

The

Simply

Good

Foods

Co.(a)

10,222‌

355,419‌

The

Vita

Coco

Co.,

Inc.(a)

7,719‌

218,525‌

TreeHouse

Foods,

Inc.(a)

7,704‌

323,414‌

WD-40

Co.

1,489‌

383,983‌

Weis

Markets,

Inc.

5,673‌

391,040‌

7,628,973‌

Energy

(

5.0%

):

Archrock,

Inc.

16,027‌

324,387‌

Atlas

Energy

Solutions,

Inc.

11,035‌

240,563‌

Cactus,

Inc.,

Class

A

6,024‌

359,452‌

California

Resources

Corp.

5,205‌

273,106‌

CNX

Resources

Corp.(a)

15,365‌

500,438‌

Comstock

Resources,

Inc.

23,736‌

264,182‌

CONSOL

Energy,

Inc.

2,694‌

281,927‌

Crescent

Energy

Co.,

Class

A

19,245‌

210,733‌

CVR

Energy,

Inc.

8,048‌

185,345‌

Delek

US

Holdings,

Inc.

8,746‌

163,988‌

Dorian

LPG

Ltd.

5,571‌

191,754‌

Gulfport

Energy

Corp.(a)

2,152‌

325,705‌

Helmerich

Payne,

Inc.

6,641‌

202,019‌

Highpeak

Energy,

Inc.

10,990‌

152,541‌

International

Seaways,

Inc.

6,208‌

320,085‌

Kinetik

Holdings,

Inc.

9,430‌

426,802‌

Kosmos

Energy

Ltd.(a)

36,622‌

147,587‌

Liberty

Energy,

Inc.

12,175‌

232,421‌

Magnolia

Oil

&

Gas

Corp.,

Class

A

13,312‌

325,079‌

Northern

Oil

&

Gas,

Inc.

7,698‌

272,586‌

Oceaneering

International,

Inc.(a)

10,228‌

254,370‌

Par

Pacific

Holdings,

Inc.(a)

8,413‌

148,069‌

Patterson-UTI

Energy,

Inc.

21,530‌

164,705‌

Peabody

Energy

Corp.

12,956‌

343,852‌

Permian

Resources

Corp.

17,526‌

238,529‌

RPC,

Inc.

35,973‌

228,788‌

SM

Energy

Co.

5,786‌

231,266‌

Talos

Energy,

Inc.(a)

18,761‌

194,176‌

Tidewater,

Inc.(a)

2,294‌

164,686‌

Vital

Energy,

Inc.(a)

4,218‌

113,464‌

World

Kinect

Corp.

12,860‌

397,503‌

7,880,108‌

Financials

(

25.8%

):

Affiliated

Managers

Group,

Inc.

2,340‌

416,052‌

Ameris

Bancorp

6,712‌

418,762‌

Artisan

Partners

Asset

Management,

Inc.,

Class

A

7,847‌

339,932‌

Associated

Banc-Corp

15,279‌

329,110‌

Assured

Guaranty

Ltd.

5,366‌

426,704‌

Atlantic

Union

Bankshares

Corp.

9,165‌

345,246‌

Axis

Capital

Holdings

Ltd.

7,116‌

566,505‌

Axos

Financial,

Inc.(a)

4,277‌

268,938‌

BancFirst

Corp.

4,026‌

423,737‌

Bank

of

Hawaii

Corp.

4,299‌

269,848‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Financials

(25.8%):

(continued)

Bank

OZK

6,255‌

268,902‌

BankUnited,

Inc.

9,079‌

330,839‌

Banner

Corp.

6,940‌

413,346‌

BGC

Group,

Inc.,

Class

A

33,957‌

311,725‌

Bread

Financial

Holdings,

Inc.

6,771‌

322,164‌

Cadence

Bank

9,634‌

306,843‌

Cathay

General

Bancorp

8,965‌

385,047‌

City

Holding

Co.

4,349‌

510,529‌

CNO

Financial

Group,

Inc.

17,348‌

608,915‌

Cohen

&

Steers,

Inc.

4,375‌

419,781‌

Columbia

Banking

System,

Inc.

11,860‌

309,665‌

Community

Bank

System,

Inc.

6,978‌

405,212‌

Customers

Bancorp,

Inc.(a)

4,307‌

200,060‌

CVB

Financial

Corp.

15,238‌

271,541‌

Donnelley

Financial

Solutions,

Inc.(a)

6,260‌

412,096‌

Enova

International,

Inc.(a)

4,245‌

355,689‌

Enstar

Group

Ltd.(a)

1,469‌

472,416‌

Enterprise

Financial

Services

Corp.

8,594‌

440,528‌

Euronet

Worldwide,

Inc.(a)

2,590‌

257,006‌

EVERTEC,

Inc.

10,064‌

341,069‌

FB

Financial

Corp.

7,668‌

359,859‌

Federal

Agricultural

Mortgage

Corp.,

Class

C

1,853‌

347,271‌

Federated

Hermes,

Inc.

12,778‌

469,847‌

First

Bancorp

8,469‌

352,226‌

First

Bancorp

21,066‌

445,967‌

First

Financial

Bancorp

15,030‌

379,207‌

First

FINL

Bankshares,

Inc.

10,027‌

371,099‌

First

Hawaiian,

Inc.

15,784‌

365,400‌

First

Interstate

BancSystem,

Inc.,

Class

A

10,262‌

314,838‌

First

Merchants

Corp.

9,695‌

360,654‌

FirstCash

Holdings,

Inc.

3,229‌

370,689‌

FNB

Corp.

29,391‌

414,707‌

Fulton

Financial

Corp.

22,308‌

404,444‌

Genworth

Financial,

Inc.(a)

55,711‌

381,620‌

Glacier

Bancorp,

Inc.

6,549‌

299,289‌

Goosehead

Insurance,

Inc.,

Class

A(a)

3,658‌

326,659‌

Hamilton

Lane,

Inc.,

Class

A

3,472‌

584,650‌

Hancock

Whitney

Corp.

6,960‌

356,143‌

Heartland

Financial

USA,

Inc.

8,199‌

464,883‌

Hilltop

Holdings,

Inc.

11,554‌

371,577‌

Home

Bancshares,

Inc.

15,932‌

431,598‌

Horace

Mann

Educators

Corp.

13,477‌

471,021‌

Houlihan

Lokey,

Inc.

3,506‌

554,018‌

Independent

Bank

Corp.

5,738‌

339,288‌

Independent

Bank

Group,

Inc.

6,323‌

364,584‌

International

Bancshares

Corp.

7,102‌

424,629‌

Jackson

Financial,

Inc.,

Class

A

4,404‌

401,777‌

Lakeland

Financial

Corp.

4,905‌

319,414‌

Live

Oak

Bancshares,

Inc.

5,508‌

260,914‌

Merchants

Bancorp

7,783‌

349,924‌

Mercury

General

Corp.

4,936‌

310,869‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Small

Cap

Core

ETF

3

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Financials

(25.8%):

(continued)

MGIC

Investment

Corp.

24,264‌

621,158‌

Mr

Cooper

Group,

Inc.(a)

5,133‌

473,160‌

Navient

Corp.

22,440‌

349,840‌

NBT

Bancorp,

Inc.

9,428‌

417,000‌

NMI

Holdings,

Inc.(a)

14,442‌

594,866‌

Northwest

Bancshares,

Inc.

33,079‌

442,597‌

OFG

Bancorp

9,992‌

448,841‌

Pacific

Premier

Bancorp,

Inc.

11,485‌

288,963‌

Palomar

Holdings,

Inc.(a)

3,259‌

308,530‌

Park

National

Corp.

2,644‌

444,139‌

Payoneer

Global,

Inc.(a)

44,224‌

333,007‌

PennyMac

Financial

Services,

Inc.

3,401‌

387,612‌

Piper

Sandler

Cos.

1,885‌

534,982‌

PJT

Partners,

Inc.,

Class

A

3,873‌

516,426‌

Radian

Group,

Inc.

14,129‌

490,135‌

Renasant

Corp.

9,954‌

323,505‌

Ryan

Specialty

Holdings,

Inc.

9,077‌

602,622‌

Seacoast

Banking

Corp.

of

Florida

12,469‌

332,299‌

ServisFirst

Bancshares,

Inc.

3,529‌

283,908‌

Shift4

Payments,

Inc.,

Class

A(a)

3,319‌

294,063‌

SiriusPoint

Ltd.(a)

27,966‌

401,032‌

SLM

Corp.

17,264‌

394,828‌

StepStone

Group,

Inc.,

Class

A

9,248‌

525,564‌

Stewart

Information

Services

Corp.

5,508‌

411,668‌

StoneX

Group,

Inc.(a)

5,242‌

429,215‌

Synovus

Financial

Corp.

7,375‌

327,966‌

Texas

Capital

Bancshares,

Inc.(a)

5,604‌

400,462‌

The

Bancorp,

Inc.(a)

8,251‌

441,429‌

The

Hanover

Insurance

Group,

Inc.

3,949‌

584,886‌

The

Western

Union

Co.

29,881‌

356,480‌

Towne

Bank

12,708‌

420,126‌

Triumph

Financial,

Inc.(a)

3,997‌

317,921‌

Trustmark

Corp.

11,882‌

378,085‌

UMB

Financial

Corp.

3,814‌

400,890‌

United

Bankshares,

Inc.

9,504‌

352,598‌

United

Community

Banks,

Inc.

11,852‌

344,656‌

Virtu

Financial,

Inc.,

Class

A

16,552‌

504,174‌

Virtus

Investment

Partners,

Inc.

1,427‌

298,885‌

WaFd,

Inc.

10,463‌

364,636‌

Walker

&

Dunlop,

Inc.

2,915‌

331,115‌

WesBanco,

Inc.

10,912‌

324,959‌

White

Mountains

Insurance

Group

Ltd.

245‌

415,569‌

WSFS

Financial

Corp.

6,555‌

334,239‌

40,666,308‌

Health

Care

(

6.3%

):

Addus

HomeCare

Corp.(a)

3,551‌

472,390‌

Alkermes

PLC(a)

9,870‌

276,261‌

AMN

Healthcare

Services,

Inc.(a)

3,666‌

155,402‌

Astrana

Health,

Inc.(a)

5,160‌

298,970‌

Catalyst

Pharmaceuticals,

Inc.(a)

13,634‌

271,044‌

CONMED

Corp.

3,588‌

258,049‌

Corcept

Therapeutics,

Inc.(a)

6,655‌

307,993‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Health

Care

(6.3%):

(continued)

CorVel

Corp.(a)

1,458‌

476,606‌

Doximity,

Inc.,

Class

A(a)

7,806‌

340,107‌

Dynavax

Technologies

Corp.(a)

28,532‌

317,847‌

Fortrea

Holdings,

Inc.(a)

6,201‌

124,020‌

Globus

Medical,

Inc.(a)

6,803‌

486,687‌

Haemonetics

Corp.(a)

4,014‌

322,645‌

Harmony

Biosciences

Holdings,

Inc.(a)

5,436‌

217,440‌

Integer

Holdings

Corp.(a)

2,695‌

350,350‌

Integra

LifeSciences

Holdings

Corp.(a)

9,210‌

167,346‌

Kiniksa

Pharmaceuticals

International

PLC(a)

9,981‌

249,425‌

Krystal

Biotech,

Inc.(a)

813‌

147,990‌

LeMaitre

Vascular,

Inc.

3,797‌

352,703‌

Ligand

Pharmaceuticals,

Inc.(a)

3,058‌

306,075‌

Merit

Medical

Systems,

Inc.(a)

4,134‌

408,563‌

National

HealthCare

Corp.

4,057‌

510,249‌

Neogen

Corp.(a)

19,549‌

328,619‌

Pacira

BioSciences,

Inc.(a)

10,256‌

154,353‌

Patterson

Cos.,

Inc.

11,860‌

259,022‌

Premier,

Inc.,

Class

A

18,705‌

374,100‌

Privia

Health

Group,

Inc.(a)

10,820‌

197,032‌

Progyny,

Inc.(a)

7,319‌

122,666‌

RadNet,

Inc.(a)

4,761‌

330,366‌

Schrodinger,

Inc.(a)

5,378‌

99,762‌

Select

Medical

Holdings

Corp.

11,065‌

385,837‌

STAAR

Surgical

Co.(a)

3,385‌

125,753‌

TG

Therapeutics,

Inc.(a)

6,881‌

160,947‌

U.S.

Physical

Therapy,

Inc.

3,437‌

290,873‌

UFP

Technologies,

Inc.(a)

920‌

291,364‌

9,938,856‌

Industrials

(

22.0%

):

AAR

Corp.(a)

5,603‌

366,212‌

ABM

Industries,

Inc.

6,155‌

324,738‌

Air

Lease

Corp.

7,726‌

349,911‌

Alamo

Group,

Inc.

1,568‌

282,444‌

Albany

International

Corp.

4,133‌

367,217‌

American

Woodmark

Corp.(a)

2,749‌

256,894‌

ArcBest

Corp.

1,475‌

159,964‌

Arcosa,

Inc.

4,704‌

445,751‌

Armstrong

World

Industries,

Inc.

3,133‌

411,770‌

Array

Technologies,

Inc.(a)

11,353‌

74,930‌

ASGN,

Inc.(a)

3,910‌

364,529‌

AZZ,

Inc.

4,991‌

412,306‌

Barnes

Group,

Inc.

5,731‌

231,590‌

Boise

Cascade

Co.

1,939‌

273,360‌

Brady

Corp.,

Class

A

7,425‌

568,978‌

Casella

Waste

Systems,

Inc.(a)

4,442‌

441,935‌

CBIZ,

Inc.(a)

5,780‌

388,936‌

Cimpress

PLC(a)

2,208‌

180,879‌

Concentrix

Corp.

3,977‌

203,821‌

Construction

Partners,

Inc.,

Class

A(a)

5,038‌

351,652‌

CoreCivic,

Inc.(a)

20,284‌

256,593‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Small

Cap

Core

ETF

4

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Industrials

(22.0%):

(continued)

CSG

Systems

International,

Inc.

5,775‌

280,954‌

CSW

Industrials,

Inc.

1,666‌

610,406‌

DNOW,

Inc.(a)

16,677‌

215,634‌

Dycom

Industries,

Inc.(a)

1,957‌

385,725‌

Enerpac

Tool

Group

Corp.

9,560‌

400,468‌

EnerSys

3,508‌

357,991‌

Enpro,

Inc.

1,873‌

303,763‌

Esab

Corp.

3,343‌

355,394‌

ESCO

Technologies,

Inc.

3,992‌

514,888‌

Exlservice

Holdings,

Inc.(a)

11,035‌

420,985‌

Exponent,

Inc.

3,630‌

418,466‌

Federal

Signal

Corp.

4,705‌

439,729‌

First

Advantage

Corp.(a)

22,704‌

450,674‌

Flowserve

Corp.

9,253‌

478,288‌

Fluor

Corp.(a)

6,120‌

291,985‌

Franklin

Electric

Co.,

Inc.

4,721‌

494,855‌

FTAI

Aviation

Ltd.

4,569‌

607,220‌

GATX

Corp.

3,571‌

472,979‌

Gibraltar

Industries,

Inc.(a)

3,981‌

278,391‌

GMS,

Inc.(a)

3,811‌

345,162‌

Granite

Construction,

Inc.

5,282‌

418,757‌

Griffon

Corp.

4,511‌

315,770‌

H&E

Equipment

Services,

Inc.

4,397‌

214,046‌

Hayward

Holdings,

Inc.(a)

17,272‌

264,952‌

Helios

Technologies,

Inc.

5,174‌

246,800‌

Herc

Holdings,

Inc.

1,463‌

233,246‌

Hillenbrand,

Inc.

7,302‌

202,996‌

HNI

Corp.

8,540‌

459,794‌

Huron

Consulting

Group,

Inc.(a)

2,916‌

316,969‌

ICF

International,

Inc.

3,070‌

512,045‌

IES

Holdings,

Inc.(a)

2,000‌

399,240‌

Insperity,

Inc.

2,488‌

218,944‌

Janus

International

Group,

Inc.(a)

20,471‌

206,962‌

JELD-WEN

Holding,

Inc.(a)

10,985‌

173,673‌

John

Bean

Technologies

Corp.

3,346‌

329,614‌

Kadant,

Inc.

1,226‌

414,388‌

Kennametal,

Inc.

14,927‌

387,057‌

Kirby

Corp.(a)

5,003‌

612,517‌

Korn

Ferry

6,933‌

521,639‌

Legalzoom.com,

Inc.(a)

16,917‌

107,423‌

ManpowerGroup,

Inc.

5,715‌

420,167‌

Marten

Transport

Ltd.

22,203‌

392,993‌

Masterbrand,

Inc.(a)

16,396‌

303,982‌

Matson,

Inc.

2,991‌

426,576‌

Maximus,

Inc.

5,047‌

470,179‌

MDU

Resources

Group,

Inc.

19,961‌

547,131‌

MillerKnoll,

Inc.

7,071‌

175,078‌

Moog,

Inc.,

Class

A

2,160‌

436,363‌

MSC

Industrial

Direct

Co.,

Inc.

5,333‌

458,958‌

Mueller

Industries,

Inc.

6,857‌

508,104‌

Mueller

Water

Products,

Inc.,

Class

A

22,241‌

482,630‌

MYR

Group,

Inc.(a)

1,769‌

180,845‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Industrials

(22.0%):

(continued)

NEXTracker,

Inc.,

Class

A(a)

3,597‌

134,816‌

NV5

Global,

Inc.(a)

3,624‌

338,772‌

Powell

Industries,

Inc.

918‌

203,787‌

Primoris

Services

Corp.

7,221‌

419,396‌

Resideo

Technologies,

Inc.(a)

10,604‌

213,565‌

Rush

Enterprises,

Inc.,

Class

A

6,813‌

359,931‌

RXO,

Inc.(a)

12,447‌

348,516‌

Ryder

System,

Inc.

3,401‌

495,866‌

Schneider

National,

Inc.,

Class

B

16,356‌

466,800‌

Shoals

Technologies

Group,

Inc.,

Class

A(a)

17,740‌

99,521‌

SkyWest,

Inc.(a)

3,953‌

336,084‌

SPX

Technologies,

Inc.(a)

3,182‌

507,402‌

Standex

International

Corp.

1,963‌

358,797‌

Sterling

Infrastructure,

Inc.(a)

1,776‌

257,556‌

Tennant

Co.

3,468‌

333,067‌

Terex

Corp.

3,918‌

207,301‌

The

AZEK

Co.,

Inc.(a)

5,746‌

268,913‌

The

Brink's

Co.

4,269‌

493,667‌

The

Greenbrier

Cos.,

Inc.

5,024‌

255,671‌

Trinity

Industries,

Inc.

10,607‌

369,548‌

UniFirst

Corp.

2,544‌

505,366‌

Upwork,

Inc.(a)

11,815‌

123,467‌

Verra

Mobility

Corp.(a)

16,225‌

451,217‌

Vicor

Corp.(a)

2,922‌

123,016‌

Watts

Water

Technologies,

Inc.,

Class

A

1,996‌

413,551‌

Werner

Enterprises,

Inc.

11,009‌

424,837‌

34,708,635‌

Information

Technology

(

8.7%

):

ACI

Worldwide,

Inc.(a)

9,101‌

463,241‌

ACM

Research,

Inc.,

Class

A(a)

3,887‌

78,906‌

Advanced

Energy

Industries,

Inc.

2,890‌

304,144‌

Agilysys,

Inc.(a)

2,667‌

290,623‌

Alarm.com

Holdings,

Inc.(a)

3,612‌

197,468‌

Appfolio,

Inc.,

Class

A(a)

903‌

212,566‌

Avnet,

Inc.

8,817‌

478,851‌

Badger

Meter,

Inc.

2,437‌

532,265‌

Belden,

Inc.

2,537‌

297,159‌

Blackbaud,

Inc.(a)

4,315‌

365,394‌

BlackLine,

Inc.(a)

3,724‌

205,341‌

Calix,

Inc.(a)

6,371‌

247,131‌

Cirrus

Logic,

Inc.(a)

3,369‌

418,463‌

Clear

Secure,

Inc.,

Class

A

12,225‌

405,136‌

Cohu,

Inc.(a)

9,584‌

246,309‌

Crane

NXT

Co.

5,556‌

311,692‌

DigitalOcean

Holdings,

Inc.(a)

4,667‌

188,500‌

Diodes,

Inc.(a)

3,967‌

254,245‌

ePlus,

Inc.(a)

3,367‌

331,111‌

Extreme

Networks,

Inc.(a)

19,677‌

295,745‌

FormFactor,

Inc.(a)

5,174‌

238,004‌

Harmonic,

Inc.(a)

18,550‌

270,273‌

Insight

Enterprises,

Inc.(a)

2,412‌

519,521‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Small

Cap

Core

ETF

5

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024.

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Information

Technology

(8.7%):

(continued)

InterDigital,

Inc.

3,920‌

555,190‌

Itron,

Inc.(a)

2,571‌

274,609‌

Knowles

Corp.(a)

17,706‌

319,239‌

MACOM

Technology

Solutions

Holdings,

Inc.(a)

2,750‌

305,965‌

MicroStrategy,

Inc.(a)

737‌

124,258‌

N-able,

Inc.(a)

27,842‌

363,617‌

Napco

Security

Technologies

Inc.

3,491‌

141,246‌

OSI

Systems,

Inc.(a)

2,325‌

353,005‌

PC

Connection,

Inc.

6,094‌

459,670‌

Pegasystems,

Inc.

2,970‌

217,077‌

Perficient,

Inc.(a)

4,097‌

309,242‌

Photronics,

Inc.(a)

7,034‌

174,162‌

Plexus

Corp.(a)

3,919‌

535,766‌

Progress

Software

Corp.

8,814‌

593,799‌

Qualys,

Inc.(a)

1,934‌

248,442‌

Rogers

Corp.(a)

3,140‌

354,851‌

Sprinklr,

Inc.,

Class

A(a)

16,344‌

126,339‌

Verint

Systems,

Inc.(a)

6,997‌

177,234‌

Viavi

Solutions,

Inc.(a)

29,879‌

269,509‌

Vishay

Intertechnology,

Inc.

16,931‌

320,165‌

Vontier

Corp.

9,794‌

330,450‌

13,705,923‌

Materials

(

5.5%

):

Alpha

Metallurgical

Resources,

Inc.

574‌

135,567‌

Arch

Resources,

Inc.

1,719‌

237,497‌

Ashland,

Inc.

3,652‌

317,614‌

Avient

Corp.

8,025‌

403,818‌

Balchem

Corp.

2,825‌

497,200‌

Cabot

Corp.

3,890‌

434,785‌

Carpenter

Technology

Corp.

3,463‌

552,626‌

Element

Solutions,

Inc.

16,418‌

445,913‌

Greif,

Inc.,

Class

A

7,000‌

438,620‌

H.B.

Fuller

Co.

5,750‌

456,435‌

Hawkins,

Inc.

3,432‌

437,477‌

Innospec,

Inc.

3,557‌

402,261‌

Knife

River

Corp.(a)

3,659‌

327,078‌

Materion

Corp.

2,169‌

242,624‌

Minerals

Technologies,

Inc.

5,200‌

401,596‌

MP

Materials

Corp.(a)

11,193‌

197,557‌

NewMarket

Corp.

756‌

417,229‌

Quaker

Chemical

Corp.

1,653‌

278,514‌

Sensient

Technologies

Corp.

5,039‌

404,229‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Materials

(5.5%):

(continued)

Silgan

Holdings,

Inc.

7,678‌

403,095‌

Stepan

Co.

4,027‌

311,086‌

Summit

Materials,

Inc.,

Class

A(a)

7,111‌

277,542‌

Sylvamo

Corp.

3,673‌

315,327‌

Warrior

Met

Coal,

Inc.

3,963‌

253,236‌

8,588,926‌

Real

Estate

(

0.5%

):

Forestar

Group,

Inc.(a)

6,563‌

212,444‌

Newmark

Group,

Inc.,

Class

A

20,113‌

312,355‌

The

St.

Joe

Co.

4,774‌

278,372‌

803,171‌

Utilities

(

5.6%

):

ALLETE,

Inc.

7,475‌

479,820‌

American

States

Water

Co.

7,108‌

592,025‌

Avista

Corp.

12,130‌

470,038‌

Black

Hills

Corp.

7,687‌

469,830‌

California

Water

Service

Group

9,178‌

497,631‌

Chesapeake

Utilities

Corp.

3,729‌

463,030‌

Clearway

Energy,

Inc.,

Class

C

11,694‌

358,772‌

MGE

Energy,

Inc.

4,206‌

384,639‌

National

Fuel

Gas

Co.

8,356‌

506,457‌

New

Jersey

Resources

Corp.

11,357‌

536,050‌

Northwest

Natural

Holding

Co.

10,120‌

413,099‌

Northwestern

Energy

Group,

Inc.

9,420‌

539,012‌

ONE

Gas,

Inc.

6,792‌

505,461‌

Ormat

Technologies,

Inc.

5,230‌

402,396‌

Otter

Tail

Corp.

3,664‌

286,378‌

Portland

General

Electric

Co.

10,780‌

516,362‌

SJW

Group

8,288‌

481,616‌

Southwest

Gas

Holdings,

Inc.

5,332‌

393,288‌

Spire,

Inc.

8,156‌

548,817‌

8,844,721‌

Total

Common

Stocks

(Cost

$132,558,219)

156,886,781‌

Total

Investments

(Cost

$132,558,219)

—

99.6%

156,886,781‌

Other

assets

in

excess

of

liabilities

—

0.4%

673,335‌

NET

ASSETS

-

100.00%

$

157,560,116‌

(a)

Non-income

producing

security.

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Small

Cap

Core

ETF

6

Futures

Contracts

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Russell

2000

Index

12/20/24

6

$

666,390‌

$

674,760‌

$

8,370‌

$

8,370‌

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

ETF

7

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(99.7%)

Communication

Services

(

0

.5

%

):

Live

Nation

Entertainment,

Inc.(a)

8,325‌

911,504‌

The

Trade

Desk,

Inc.,

Class

A(a)

5,256‌

576,321‌

1,487,825‌

Consumer

Discretionary

(

8

.2

%

):

Aptiv

PLC(a)

8,883‌

639,665‌

Burlington

Stores,

Inc.(a)

2,721‌

716,929‌

CarMax,

Inc.(a)

8,359‌

646,819‌

Carvana

Co.(a)

2,777‌

483,503‌

Chipotle

Mexican

Grill,

Inc.(a)

15,985‌

921,056‌

Coupang,

Inc.(a)

27,912‌

685,240‌

Deckers

Outdoor

Corp.(a)

4,378‌

698,072‌

Domino's

Pizza,

Inc.

1,954‌

840,494‌

DR

Horton,

Inc.

4,844‌

924,090‌

Five

Below,

Inc.(a)

3,993‌

352,782‌

Floor

&

Decor

Holdings,

Inc.,

Class

A(a)

5,240‌

650,651‌

Garmin

Ltd.

7,107‌

1,251,045‌

Genuine

Parts

Co.

6,361‌

888,504‌

Lennar

Corp.,

Class

A

4,677‌

876,844‌

LKQ

Corp.

22,738‌

907,701‌

Lowe's

Cos.,

Inc.

4,435‌

1,201,220‌

NVR,

Inc.(a)

115‌

1,128,357‌

O'Reilly

Automotive,

Inc.(a)

1,036‌

1,193,058‌

Pool

Corp.

1,986‌

748,325‌

PulteGroup,

Inc.

6,412‌

920,314‌

Ross

Stores,

Inc.

8,444‌

1,270,906‌

Service

Corp.

International

12,109‌

955,763‌

Tesla,

Inc.(a)

2,735‌

715,558‌

Toll

Brothers,

Inc.

5,507‌

850,776‌

TopBuild

Corp.(a)

1,418‌

576,857‌

Tractor

Supply

Co.

3,964‌

1,153,247‌

22,197,776‌

Consumer

Staples

(

4

.3

%

):

Campbell

Soup

Co.

24,025‌

1,175,303‌

Casey's

General

Stores,

Inc.

2,970‌

1,115,859‌

Celsius

Holdings,

Inc.(a)

4,584‌

143,754‌

Costco

Wholesale

Corp.

1,604‌

1,421,978‌

Coty,

Inc.,

Class

A(a)

63,126‌

592,753‌

Dollar

General

Corp.

4,293‌

363,059‌

Dollar

Tree,

Inc.(a)

5,411‌

380,502‌

Hormel

Foods

Corp.

22,125‌

701,362‌

Kimberly

Clark

Corp.

11,441‌

1,627,825‌

Lamb

Weston

Holdings,

Inc.

10,467‌

677,634‌

McCormick

&

Co.,

Inc.

11,796‌

970,811‌

Sysco

Corp.

16,746‌

1,307,193‌

U.S.

Foods

Holding

Corp.(a)

21,096‌

1,297,404‌

11,775,437‌

Energy

(

7

.7

%

):

Baker

Hughes

Co.

30,577‌

1,105,359‌

Cheniere

Energy,

Inc.

6,684‌

1,202,051‌

ConocoPhillips

7,538‌

793,601‌

Coterra

Energy,

Inc.

34,898‌

835,807‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Energy

(7.7%):

(continued)

Devon

Energy

Corp.

15,359‌

600,844‌

Diamondback

Energy,

Inc.

4,508‌

777,179‌

EOG

Resources,

Inc.

6,814‌

837,645‌

EQT

Corp.

18,007‌

659,776‌

Expand

Energy

Corp.

9,724‌

799,799‌

Halliburton

Co.

21,982‌

638,577‌

HF

Sinclair

Corp.

12,677‌

565,014‌

Kinder

Morgan,

Inc.

74,927‌

1,655,137‌

Marathon

Oil

Corp.

27,010‌

719,276‌

Marathon

Petroleum

Corp.

4,181‌

681,127‌

Occidental

Petroleum

Corp.

13,479‌

694,708‌

ONEOK,

Inc.

14,491‌

1,320,565‌

Ovintiv,

Inc.

13,841‌

530,249‌

Permian

Resources

Corp.

39,551‌

538,289‌

Phillips

66

5,997‌

788,306‌

Schlumberger

NV

16,270‌

682,526‌

Targa

Resources

Corp.

8,660‌

1,281,767‌

Texas

Pacific

Land

Corp.

1,073‌

949,326‌

The

Williams

Cos.,

Inc.

34,025‌

1,553,241‌

Valero

Energy

Corp.

4,684‌

632,480‌

20,842,649‌

Financials

(

13

.2

%

):

Aflac,

Inc.

13,852‌

1,548,654‌

American

Financial

Group,

Inc.

8,408‌

1,131,717‌

Arch

Capital

Group

Ltd.(a)

10,679‌

1,194,766‌

Arthur

J.

Gallagher

&

Co.

5,284‌

1,486,759‌

Block,

Inc.(a)

5,506‌

369,618‌

Brown

&

Brown,

Inc.

14,310‌

1,482,516‌

Cboe

Global

Markets,

Inc.

6,705‌

1,373,653‌

Cincinnati

Financial

Corp.

9,130‌

1,242,776‌

Coinbase

Global,

Inc.,

Class

A(a)

1,161‌

206,855‌

Corebridge

Financial,

Inc.

32,124‌

936,736‌

Equitable

Holdings,

Inc.

24,043‌

1,010,527‌

Erie

Indemnity

Co.,

Class

A

1,811‌

977,614‌

Everest

Group

Ltd.

2,552‌

999,950‌

FactSet

Research

Systems,

Inc.

2,724‌

1,252,631‌

First

Citizens

BancShares,

Inc.,

Class

A

502‌

924,157‌

Franklin

Resources,

Inc.

31,284‌

630,373‌

Globe

Life,

Inc.

23,812‌

2,521,929‌

Interactive

Brokers

Group,

Inc.

8,352‌

1,163,935‌

Intercontinental

Exchange,

Inc.

9,937‌

1,596,280‌

Jack

Henry

&

Associates,

Inc.

6,558‌

1,157,749‌

Kinsale

Capital

Group,

Inc.

1,250‌

581,962‌

LPL

Financial

Holdings,

Inc.

3,311‌

770,238‌

Markel

Group,

Inc.(a)

664‌

1,041,537‌

Morningstar,

Inc.

2,674‌

853,327‌

MSCI,

Inc.

1,644‌

958,337‌

Nasdaq,

Inc.

17,993‌

1,313,669‌

Principal

Financial

Group,

Inc.

14,083‌

1,209,730‌

Reinsurance

Group

of

America,

Inc.

6,525‌

1,421,602‌

RenaissanceRe

Holdings

Ltd.

3,674‌

1,000,798‌

Ryan

Specialty

Holdings,

Inc.

20,665‌

1,371,949‌

Tradeweb

Markets,

Inc.,

Class

A

9,580‌

1,184,759‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

ETF

8

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Financials

(13.2%):

(continued)

W.R.

Berkley

Corp.

20,365‌

1,155,306‌

36,072,409‌

Health

Care

(

10

.5

%

):

Agilent

Technologies,

Inc.

5,910‌

877,517‌

Align

Technology,

Inc.(a)

1,407‌

357,828‌

Avantor,

Inc.(a)

28,619‌

740,374‌

BioMarin

Pharmaceutical,

Inc.(a)

8,706‌

611,945‌

Bruker

Corp.

7,772‌

536,734‌

Cardinal

Health,

Inc.

9,819‌

1,085,196‌

Cencora,

Inc.

6,083‌

1,369,162‌

Charles

River

Laboratories

International,

Inc.(a)

2,734‌

538,516‌

Danaher

Corp.

4,057‌

1,127,927‌

DaVita,

Inc.(a)

4,465‌

731,947‌

Dexcom,

Inc.(a)

3,832‌

256,897‌

Edwards

Lifesciences

Corp.(a)

8,088‌

533,727‌

GE

HealthCare

Technologies,

Inc.

9,176‌

861,168‌

HCA

Healthcare,

Inc.

3,132‌

1,272,939‌

Humana,

Inc.

2,427‌

768,728‌

IDEXX

Laboratories,

Inc.(a)

1,507‌

761,367‌

Incyte

Corp.(a)

16,106‌

1,064,607‌

Insulet

Corp.(a)

2,731‌

635,640‌

Intuitive

Surgical,

Inc.(a)

1,990‌

977,627‌

IQVIA

Holdings,

Inc.(a)

3,327‌

788,399‌

Medpace

Holdings,

Inc.(a)

1,416‌

472,661‌

Mettler-Toledo

International,

Inc.(a)

644‌

965,807‌

Neurocrine

Biosciences,

Inc.(a)

6,582‌

758,378‌

Regeneron

Pharmaceuticals,

Inc.(a)

1,389‌

1,460,172‌

Repligen

Corp.(a)

2,800‌

416,696‌

ResMed,

Inc.

3,152‌

769,466‌

Revvity,

Inc.

6,368‌

813,512‌

STERIS

PLC

5,424‌

1,315,537‌

Stryker

Corp.

3,009‌

1,087,031‌

United

Therapeutics

Corp.(a)

3,933‌

1,409,391‌

Veeva

Systems,

Inc.,

Class

A(a)

3,437‌

721,323‌

Waters

Corp.(a)

2,319‌

834,585‌

West

Pharmaceutical

Services,

Inc.

1,784‌

535,485‌

Zoetis,

Inc.

5,707‌

1,115,034‌

28,573,323‌

Industrials

(

24

.8

%

):

A.O.

Smith

Corp.

11,896‌

1,068,618‌

Advanced

Drainage

Systems,

Inc.

4,018‌

631,469‌

AECOM

11,401‌

1,177,381‌

Allegion

PLC

7,173‌

1,045,393‌

AMETEK,

Inc.

8,102‌

1,391,194‌

Axon

Enterprise,

Inc.(a)

2,071‌

827,572‌

Builders

FirstSource,

Inc.(a)

2,758‌

534,666‌

Carlisle

Cos.,

Inc.

2,109‌

948,523‌

Carrier

Global

Corp.

14,011‌

1,127,745‌

Caterpillar,

Inc.

2,327‌

910,136‌

Cintas

Corp.

6,814‌

1,402,866‌

Comfort

Systems

USA,

Inc.

2,000‌

780,700‌

Copart,

Inc.(a)

19,042‌

997,801‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Industrials

(24.8%):

(continued)

CSX

Corp.

35,170‌

1,214,420‌

Dayforce,

Inc.(a)

11,144‌

682,570‌

Deere

&

Co.

2,406‌

1,004,096‌

Dover

Corp.

6,682‌

1,281,207‌

EMCOR

Group,

Inc.

2,366‌

1,018,634‌

Equifax,

Inc.

3,069‌

901,856‌

Expeditors

International

of

Washington,

Inc.

9,439‌

1,240,285‌

Fastenal

Co.

15,619‌

1,115,509‌

Fortive

Corp.

13,074‌

1,031,931‌

General

Dynamics

Corp.

4,368‌

1,320,010‌

Graco,

Inc.

11,893‌

1,040,756‌

HEICO

Corp.

5,599‌

1,464,027‌

Howmet

Aerospace,

Inc.

15,905‌

1,594,476‌

Hubbell,

Inc.

2,183‌

935,088‌

Huntington

Ingalls

Industries,

Inc.

3,832‌

1,013,104‌

IDEX

Corp.

5,315‌

1,140,068‌

Illinois

Tool

Works,

Inc.

5,571‌

1,459,992‌

Ingersoll

Rand,

Inc.

11,699‌

1,148,374‌

J.B.

Hunt

Transport

Services,

Inc.

4,642‌

799,956‌

Leidos

Holdings,

Inc.

9,024‌

1,470,912‌

Lennox

International,

Inc.

1,753‌

1,059,320‌

Lincoln

Electric

Holdings,

Inc.

4,017‌

771,344‌

Masco

Corp.

12,045‌

1,011,057‌

Norfolk

Southern

Corp.

3,798‌

943,803‌

Old

Dominion

Freight

Line,

Inc.

3,542‌

703,583‌

Otis

Worldwide

Corp.

14,923‌

1,551,097‌

PACCAR,

Inc.

9,697‌

956,900‌

Parker-Hannifin

Corp.

1,649‌

1,041,871‌

Paychex,

Inc.

9,956‌

1,335,996‌

Quanta

Services,

Inc.

2,891‌

861,952‌

Republic

Services,

Inc.

9,144‌

1,836,481‌

Rockwell

Automation,

Inc.

2,381‌

639,203‌

Rollins,

Inc.

20,102‌

1,016,759‌

Saia,

Inc.(a)

1,008‌

440,758‌

Snap-on,

Inc.

3,556‌

1,030,209‌

SS&C

Technologies

Holdings,

Inc.

17,680‌

1,312,033‌

Textron,

Inc.

9,902‌

877,119‌

Trane

Technologies

PLC

2,878‌

1,118,765‌

TransDigm

Group,

Inc.

861‌

1,228,759‌

U-Haul

Holding

Co.

12,233‌

880,776‌

Union

Pacific

Corp.

4,690‌

1,155,991‌

United

Rentals,

Inc.

921‌

745,761‌

Veralto

Corp.

7,918‌

885,707‌

Verisk

Analytics,

Inc.

5,871‌

1,573,193‌

Vertiv

Holdings

Co.,

Class

A

4,863‌

483,820‌

Waste

Management,

Inc.

6,733‌

1,397,771‌

Watsco,

Inc.

1,955‌

961,625‌

Westinghouse

Air

Brake

Technologies

Corp.

8,717‌

1,584,489‌

WW

Grainger,

Inc.

1,125‌

1,168,661‌

Xylem,

Inc.

8,632‌

1,165,579‌

67,461,717‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

ETF

9

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Information

Technology

(

14

.6

%

):

Advanced

Micro

Devices,

Inc.(a)

2,944‌

483,052‌

Akamai

Technologies,

Inc.(a)

10,333‌

1,043,116‌

Amphenol

Corp.,

Class

A

22,870‌

1,490,209‌

Analog

Devices,

Inc.

4,792‌

1,102,975‌

AppLovin

Corp.,

Class

A(a)

4,690‌

612,280‌

Arista

Networks,

Inc.(a)

1,853‌

711,218‌

Bentley

Systems,

Inc.,

Class

B

15,491‌

787,098‌

Broadcom,

Inc.

4,762‌

821,445‌

Cadence

Design

Systems,

Inc.(a)

2,746‌

744,248‌

CDW

Corp.

5,030‌

1,138,289‌

Cognizant

Technology

Solutions

Corp.,

Class

A

15,468‌

1,193,820‌

Corpay,

Inc.(a)

2,959‌

925,457‌

Datadog,

Inc.,

Class

A(a)

3,300‌

379,698‌

DocuSign,

Inc.(a)

9,672‌

600,534‌

Dynatrace,

Inc.(a)

15,532‌

830,496‌

Elastic

NV(a)

3,526‌

270,656‌

Enphase

Energy,

Inc.(a)

3,029‌

342,338‌

Entegris,

Inc.

4,734‌

532,717‌

EPAM

Systems,

Inc.(a)

2,583‌

514,094‌

F5,

Inc.(a)

6,311‌

1,389,682‌

Fair

Isaac

Corp.(a)

649‌

1,261,344‌

First

Solar,

Inc.(a)

2,695‌

672,241‌

Fortinet,

Inc.(a)

7,791‌

604,192‌

Gartner,

Inc.(a)

1,852‌

938,520‌

Jabil,

Inc.

3,748‌

449,123‌

Keysight

Technologies,

Inc.(a)

5,167‌

821,191‌

KLA

Corp.

1,011‌

782,929‌

Lattice

Semiconductor

Corp.(a)

6,270‌

332,749‌

Manhattan

Associates,

Inc.(a)

3,447‌

969,917‌

Microchip

Technology,

Inc.

8,143‌

653,801‌

MicroStrategy,

Inc.(a)

1,618‌

272,795‌

Monolithic

Power

Systems,

Inc.

767‌

709,091‌

NetApp,

Inc.

6,776‌

836,904‌

NVIDIA

Corp.

5,910‌

717,710‌

NXP

Semiconductors

NV

3,131‌

751,471‌

ON

Semiconductor

Corp.(a)

7,028‌

510,303‌

Palantir

Technologies,

Inc.,

Class

A(a)

13,840‌

514,848‌

Palo

Alto

Networks,

Inc.(a)

1,539‌

526,030‌

PTC,

Inc.(a)

6,091‌

1,100,400‌

Pure

Storage,

Inc.,

Class

A(a)

8,710‌

437,590‌

Roper

Technologies,

Inc.

2,806‌

1,561,371‌

ServiceNow,

Inc.(a)

1,064‌

951,631‌

Skyworks

Solutions,

Inc.

7,974‌

787,592‌

Super

Micro

Computer,

Inc.(a)

250‌

104,100‌

Synopsys,

Inc.(a)

1,386‌

701,857‌

TE

Connectivity

PLC(a)

7,472‌

1,128,197‌

Teledyne

Technologies,

Inc.(a)

2,753‌

1,204,878‌

Teradyne,

Inc.

6,378‌

854,206‌

Trimble,

Inc.(a)

11,918‌

739,989‌

Tyler

Technologies,

Inc.(a)

2,199‌

1,283,600‌

Zebra

Technologies

Corp.(a)

1,761‌

652,134‌

39,746,126‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Materials

(

6

.6

%

):

Albemarle

Corp.

3,298‌

312,354‌

Avery

Dennison

Corp.

6,077‌

1,341,559‌

Ball

Corp.

12,146‌

824,835‌

Celanese

Corp.

5,545‌

753,898‌

CF

Industries

Holdings,

Inc.

10,513‌

902,015‌

Freeport-McMoRan,

Inc.

13,188‌

658,345‌

International

Paper

Co.

20,638‌

1,008,166‌

Linde

PLC

3,029‌

1,444,409‌

LyondellBasell

Industries

NV,

Class

A

11,575‌

1,110,043‌

Martin

Marietta

Materials,

Inc.

1,632‌

878,424‌

Nucor

Corp.

4,421‌

664,653‌

Packaging

Corp.

of

America

5,696‌

1,226,918‌

PPG

Industries,

Inc.

8,553‌

1,132,930‌

Reliance,

Inc.

2,699‌

780,578‌

RPM

International,

Inc.

8,664‌

1,048,344‌

Steel

Dynamics,

Inc.

5,541‌

698,609‌

The

Sherwin-Williams

Co.

3,572‌

1,363,325‌

Vulcan

Materials

Co.

3,949‌

988,948‌

Westlake

Corp.

5,410‌

813,069‌

17,951,422‌

Real

Estate

(

0

.2

%

):

CoStar

Group,

Inc.(a)

8,637‌

651,575‌

651,575‌

Utilities

(

9

.1

%

):

Alliant

Energy

Corp.

23,814‌

1,445,272‌

Ameren

Corp.

14,287‌

1,249,541‌

American

Electric

Power

Co.,

Inc.

12,788‌

1,312,049‌

American

Water

Works

Co.,

Inc.

8,567‌

1,252,838‌

Atmos

Energy

Corp.

11,737‌

1,628,039‌

CenterPoint

Energy,

Inc.

42,057‌

1,237,317‌

CMS

Energy

Corp.

19,723‌

1,393,036‌

Consolidated

Edison,

Inc.

13,779‌

1,434,807‌

Constellation

Energy

Corp.

3,190‌

829,464‌

DTE

Energy

Co.

10,387‌

1,333,795‌

Entergy

Corp.

11,518‌

1,515,884‌

Evergy,

Inc.

21,128‌

1,310,147‌

NextEra

Energy,

Inc.

11,419‌

965,248‌

NiSource,

Inc.

39,142‌

1,356,270‌

Public

Service

Enterprise

Group,

Inc.

17,687‌

1,577,857‌

The

AES

Corp.

34,602‌

694,116‌

The

Southern

Co.

17,619‌

1,588,881‌

Vistra

Corp.

11,408‌

1,352,304‌

WEC

Energy

Group,

Inc.

13,931‌

1,339,884‌

24,816,749‌

Total

Common

Stocks

(Cost

$220,304,367)

271,577,008‌

Total

Investments

(Cost

$220,304,367)

—

99.7%

271,577,008‌

Other

assets

in

excess

of

liabilities

—

0.3%

888,314‌

NET

ASSETS

-

100.00%

$

272,465,322‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

ETF

10

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024.

(a)

Non-income

producing

security.

Futures

Contracts

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

500

Index

E-mini

12/20/24

3

$

857,458‌

$

872,138‌

$

14,680‌

$

14,680‌

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

High

Dividend

Stock

ETF

11

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(99.4%)

Consumer

Discretionary

(

5

.9

%

):

Garmin

Ltd.

16,172‌

2,846,757‌

Genuine

Parts

Co.

14,473‌

2,021,589‌

LKQ

Corp.

51,726‌

2,064,902‌

Lowe's

Cos.,

Inc.

10,081‌

2,730,439‌

Service

Corp.

International

27,530‌

2,172,943‌

Tractor

Supply

Co.

9,013‌

2,622,152‌

14,458,782‌

Consumer

Staples

(

5

.7

%

):

Campbell

Soup

Co.

54,633‌

2,672,646‌

Dollar

General

Corp.

9,753‌

824,811‌

Hormel

Foods

Corp.

50,331‌

1,595,493‌

Kimberly

Clark

Corp.

26,028‌

3,703,264‌

McCormick

&

Co.,

Inc.

26,830‌

2,208,109‌

Sysco

Corp.

38,088‌

2,973,149‌

13,977,472‌

Energy

(

16

.2

%

):

Baker

Hughes

Co.

69,531‌

2,513,546‌

ConocoPhillips

17,166‌

1,807,237‌

Coterra

Energy,

Inc.

79,392‌

1,901,438‌

Devon

Energy

Corp.

34,928‌

1,366,383‌

Diamondback

Energy,

Inc.

10,311‌

1,777,616‌

EOG

Resources,

Inc.

15,495‌

1,904,800‌

EQT

Corp.

40,960‌

1,500,774‌

Expand

Energy

Corp.

22,160‌

1,822,660‌

Halliburton

Co.

50,005‌

1,452,645‌

HF

Sinclair

Corp.

28,840‌

1,285,399‌

Kinder

Morgan,

Inc.

170,416‌

3,764,489‌

Marathon

Oil

Corp.

61,421‌

1,635,641‌

Marathon

Petroleum

Corp.

9,499‌

1,547,482‌

ONEOK,

Inc.

32,951‌

3,002,825‌

Ovintiv,

Inc.

31,466‌

1,205,463‌

Phillips

66

13,649‌

1,794,161‌

Schlumberger

NV

37,010‌

1,552,570‌

Targa

Resources

Corp.

19,689‌

2,914,169‌

The

Williams

Cos.,

Inc.

77,393‌

3,532,991‌

Valero

Energy

Corp.

10,648‌

1,437,799‌

39,720,088‌

Financials

(

13

.2

%

):

Aflac,

Inc.

31,494‌

3,521,029‌

American

Financial

Group,

Inc.

19,117‌

2,573,148‌

Cincinnati

Financial

Corp.

20,755‌

2,825,171‌

Corebridge

Financial,

Inc.

73,063‌

2,130,517‌

Equitable

Holdings,

Inc.

54,681‌

2,298,243‌

Everest

Group

Ltd.

5,794‌

2,270,263‌

Franklin

Resources,

Inc.

71,156‌

1,433,794‌

Intercontinental

Exchange,

Inc.

22,605‌

3,631,267‌

Jack

Henry

&

Associates,

Inc.

14,913‌

2,632,741‌

Nasdaq,

Inc.

40,925‌

2,987,934‌

Principal

Financial

Group,

Inc.

32,016‌

2,750,174‌

Reinsurance

Group

of

America,

Inc.

14,829‌

3,230,794‌

32,285,075‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Health

Care

(

1

.0

%

):

Cardinal

Health,

Inc.

22,338‌

2,468,796‌

2,468,796‌

Industrials

(

19

.9

%

):

A.O.

Smith

Corp.

27,053‌

2,430,171‌

Allegion

PLC

16,307‌

2,376,582‌

Carrier

Global

Corp.

31,864‌

2,564,733‌

Caterpillar,

Inc.

5,287‌

2,067,851‌

Deere

&

Co.

5,484‌

2,288,638‌

Fastenal

Co.

35,521‌

2,536,910‌

General

Dynamics

Corp.

9,939‌

3,003,566‌

Huntington

Ingalls

Industries,

Inc.

8,712‌

2,303,279‌

Illinois

Tool

Works,

Inc.

12,666‌

3,319,379‌

Masco

Corp.

27,400‌

2,299,956‌

Norfolk

Southern

Corp.

8,625‌

2,143,312‌

Otis

Worldwide

Corp.

33,948‌

3,528,555‌

Paychex,

Inc.

22,650‌

3,039,403‌

Rockwell

Automation,

Inc.

5,423‌

1,455,859‌

Snap-on,

Inc.

8,077‌

2,339,988‌

SS&C

Technologies

Holdings,

Inc.

40,195‌

2,982,871‌

Union

Pacific

Corp.

10,662‌

2,627,970‌

Waste

Management,

Inc.

15,323‌

3,181,055‌

Watsco,

Inc.

4,439‌

2,183,455‌

48,673,533‌

Information

Technology

(

6

.8

%

):

Analog

Devices,

Inc.

10,889‌

2,506,321‌

Broadcom,

Inc.

10,848‌

1,871,280‌

Cognizant

Technology

Solutions

Corp.,

Class

A

35,172‌

2,714,575‌

Microchip

Technology,

Inc.

18,507‌

1,485,927‌

NetApp,

Inc.

15,398‌

1,901,807‌

NXP

Semiconductors

NV

7,130‌

1,711,271‌

Skyworks

Solutions,

Inc.

18,148‌

1,792,478‌

TE

Connectivity

PLC(a)

17,003‌

2,567,283‌

16,550,942‌

Materials

(

9

.7

%

):

Albemarle

Corp.

7,491‌

709,473‌

Avery

Dennison

Corp.

13,820‌

3,050,903‌

Celanese

Corp.

12,603‌

1,713,504‌

CF

Industries

Holdings,

Inc.

23,905‌

2,051,049‌

International

Paper

Co.

46,956‌

2,293,801‌

LyondellBasell

Industries

NV,

Class

A

26,337‌

2,525,718‌

Packaging

Corp.

of

America

12,955‌

2,790,507‌

PPG

Industries,

Inc.

19,454‌

2,576,877‌

Reliance,

Inc.

6,130‌

1,772,857‌

RPM

International,

Inc.

19,702‌

2,383,942‌

Westlake

Corp.

12,294‌

1,847,665‌

23,716,296‌

Utilities

(

21

.0

%

):

Alliant

Energy

Corp.

54,165‌

3,287,274‌

Ameren

Corp.

32,499‌

2,842,362‌

American

Electric

Power

Co.,

Inc.

29,088‌

2,984,429‌

American

Water

Works

Co.,

Inc.

19,487‌

2,849,779‌

Atmos

Energy

Corp.

26,683‌

3,701,199‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

High

Dividend

Stock

ETF

12

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024.

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(21.0%):

(continued)

CenterPoint

Energy,

Inc.

95,657‌

2,814,229‌

CMS

Energy

Corp.

44,857‌

3,168,250‌

Consolidated

Edison,

Inc.

31,341‌

3,263,538‌

DTE

Energy

Co.

23,618‌

3,032,787‌

Entergy

Corp.

26,189‌

3,446,734‌

Evergy,

Inc.

48,065‌

2,980,511‌

NextEra

Energy,

Inc.

25,975‌

2,195,667‌

NiSource,

Inc.

89,013‌

3,084,300‌

Public

Service

Enterprise

Group,

Inc.

40,214‌

3,587,491‌

The

AES

Corp.

78,696‌

1,578,642‌

The

Southern

Co.

40,072‌

3,613,693‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(21.0%):

(continued)

WEC

Energy

Group,

Inc.

31,695‌

3,048,425‌

51,479,310‌

Total

Common

Stocks

(Cost

$213,328,764)

243,330,294‌

Total

Investments

(Cost

$213,328,764)

—

99.4%

243,330,294‌

Other

assets

in

excess

of

liabilities

—

0.6%

1,388,163‌

NET

ASSETS

-

100.00%

$

244,718,457‌

(a)

Non-income

producing

security.

Futures

Contracts

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

500

Index

E-mini

12/20/24

4

$

1,138,209‌

$

1,162,850‌

$

24,641‌

$

24,641‌

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

13

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(99.1%)

Australia

(

7.1%

):

Communication

Services

(

0.6%

):

REA

Group

Ltd.

2,152‌

298,980‌

Telstra

Group

Ltd.

175,670‌

471,121‌

770,101‌

Consumer

Discretionary

(

0.4%

):

Wesfarmers

Ltd.

8,870‌

431,802‌

431,802‌

Consumer

Staples

(

0.7%

):

Coles

Group

Ltd.

(a)

34,391‌

429,305‌

Woolworths

Group

Ltd.

17,647‌

406,180‌

835,485‌

Energy

(

0.5%

):

Santos

Ltd.

56,596‌

274,616‌

Woodside

Energy

Group

Ltd.

15,674‌

273,014‌

547,630‌

Financials

(

2.1%

):

ANZ

Group

Holdings

Ltd.

(a)

19,893‌

419,101‌

Commonwealth

Bank

of

Australia

4,886‌

457,239‌

Insurance

Australia

Group

Ltd.

76,897‌

391,193‌

National

Australia

Bank

Ltd.

16,416‌

423,801‌

Suncorp

Group

Ltd.

30,370‌

379,740‌

Westpac

Banking

Corp.

19,253‌

422,119‌

2,493,193‌

Health

Care

(

0.5%

):

Cochlear

Ltd.

1,439‌

280,577‌

CSL

Ltd.

1,783‌

352,814‌

633,391‌

Industrials

(

0.9%

):

Brambles

Ltd.

32,608‌

428,910‌

Computershare

Ltd.

19,457‌

339,848‌

Reece

Ltd.

12,525‌

246,733‌

1,015,491‌

Information

Technology

(

0.2%

):

WiseTech

Global

Ltd.

(a)

3,041‌

288,365‌

288,365‌

Materials

(

0.9%

):

BHP

Group

Ltd.

10,618‌

337,308‌

Fortescue

Ltd.

13,311‌

190,267‌

Northern

Star

Resources

Ltd.

(a)

19,378‌

213,903‌

Rio

Tinto

Ltd.

3,789‌

338,186‌

1,079,664‌

Utilities

(

0.3%

):

Origin

Energy

Ltd.

50,112‌

346,720‌

346,720‌

8,441,842‌

Austria

(

0.9%

):

Energy

(

0.3%

):

OMV

AG

7,241‌

309,153‌

309,153‌

Financials

(

0.4%

):

Erste

Group

Bank

AG

8,225‌

450,857‌

450,857‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Austria

(0.9%):

(continued)

Utilities

(

0.2%

):

Verbund

AG

3,506‌

290,713‌

290,713‌

1,050,723‌

Belgium

(

1.2%

):

Consumer

Discretionary

(

0.2%

):

D'ieteren

Group

1,295‌

273,710‌

273,710‌

Financials

(

0.7%

):

Groupe

Bruxelles

Lambert

NV

6,028‌

469,307‌

KBC

Group

NV

4,116‌

327,184‌

796,491‌

Health

Care

(

0.3%

):

UCB

SA

2,078‌

374,677‌

374,677‌

1,444,878‌

Canada

(

10.7%

):

Consumer

Discretionary

(

0.6%

):

Dollarama,

Inc.

4,878‌

499,740‌

Magna

International,

Inc.

4,914‌

201,603‌

701,343‌

Consumer

Staples

(

0.7%

):

Alimentation

Couche-Tard,

Inc.

6,622‌

366,137‌

Metro,

Inc.

8,289‌

524,016‌

890,153‌

Energy

(

2.3%

):

ARC

Resources

Ltd.

14,618‌

247,110‌

Cameco

Corp.

4,042‌

193,118‌

Canadian

Natural

Resources

Ltd.

6,584‌

218,655‌

Cenovus

Energy,

Inc.

12,770‌

213,605‌

Imperial

Oil

Ltd.

4,198‌

295,378‌

Pembina

Pipeline

Corp.

13,716‌

565,457‌

Suncor

Energy,

Inc.

7,442‌

274,721‌

TC

Energy

Corp.

9,771‌

464,525‌

Tourmaline

Oil

Corp.

6,083‌

282,536‌

2,755,105‌

Financials

(

2.1%

):

Brookfield

Asset

Management

Ltd.,

Class

A

7,131‌

337,171‌

Fairfax

Financial

Holdings

Ltd.

249‌

314,435‌

Great-West

Lifeco,

Inc.

14,820‌

505,434‌

Intact

Financial

Corp.

2,436‌

467,817‌

National

Bank

of

Canada

4,612‌

435,655‌

Power

Corp.

of

Canada

14,399‌

454,234‌

2,514,746‌

Industrials

(

1.6%

):

Canadian

National

Railway

Co.

3,259‌

381,667‌

Canadian

Pacific

Kansas

City

Ltd.

4,514‌

386,108‌

TFI

International,

Inc.

1,691‌

231,648‌

Waste

Connections,

Inc.

2,428‌

434,052‌

WSP

Global,

Inc.

2,488‌

442,074‌

1,875,549‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

14

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Canada

(10.7%):

(continued)

Information

Technology

(

0.7%

):

Constellation

Software,

Inc.

130‌

422,983‌

Open

Text

Corp.

7,611‌

253,381‌

Shopify,

Inc.,

Class

A

(a)

2,016‌

161,528‌

837,892‌

Materials

(

1.6%

):

Agnico

Eagle

Mines

Ltd.

4,015‌

323,474‌

Barrick

Gold

Corp.

13,730‌

273,118‌

Franco-Nevada

Corp.

2,270‌

281,975‌

Ivanhoe

Mines

Ltd.

(a)

15,441‌

229,737‌

Nutrien

Ltd.

4,572‌

219,725‌

Teck

Resources

Ltd.,

Class

B

4,342‌

226,813‌

Wheaton

Precious

Metals

Corp.

4,774‌

291,601‌

1,846,443‌

Utilities

(

1.1%

):

Emera,

Inc.

9,909‌

390,483‌

Fortis,

Inc.

10,856‌

493,309‌

Hydro

One

Ltd.

13,812‌

478,819‌

1,362,611‌

12,783,842‌

Chile

(

0.2%

):

Materials

(

0.2%

):

Antofagasta

PLC

7,450‌

200,463‌

200,463‌

Denmark

(

2.2%

):

Consumer

Discretionary

(

0.2%

):

Pandora

A/S

1,628‌

268,071‌

268,071‌

Financials

(

0.7%

):

Danske

Bank

A/S

10,681‌

321,443‌

Tryg

A/S

20,744‌

491,994‌

813,437‌

Health

Care

(

0.5%

):

Coloplast

A/S,

Class

B

1,969‌

257,318‌

Demant

A/S

(a)

5,407‌

211,257‌

Genmab

A/S

(a)

693‌

167,674‌

636,249‌

Industrials

(

0.5%

):

AP

Moller

-

Maersk

A/S,

Class

B

124‌

208,534‌

DSV

A/S

1,647‌

340,076‌

548,610‌

Materials

(

0.3%

):

Novonesis

(Novozymes),

Class

B

5,163‌

371,832‌

371,832‌

2,638,199‌

Finland

(

1.0%

):

Energy

(

0.1%

):

Neste

Oyj

6,937‌

134,575‌

134,575‌

Financials

(

0.4%

):

Sampo

Oyj,

Class

A

Shares

10,089‌

470,499‌

470,499‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Finland

(1.0%):

(continued)

Information

Technology

(

0.3%

):

Nokia

Oyj

74,407‌

324,967‌

324,967‌

Materials

(

0.2%

):

UPM-Kymmene

Oyj

7,986‌

267,276‌

267,276‌

1,197,317‌

France

(

6.6%

):

Consumer

Discretionary

(

0.6%

):

Cie

Generale

des

Etablissements

Michelin

SCA

10,789‌

437,819‌

Hermes

International

SCA

116‌

284,813‌

722,632‌

Consumer

Staples

(

0.3%

):

Carrefour

SA

19,520‌

332,622‌

332,622‌

Energy

(

0.3%

):

TotalEnergies

SE

5,097‌

331,869‌

331,869‌

Financials

(

1.0%

):

Amundi

SA

4,566‌

340,746‌

Credit

Agricole

SA

24,540‌

374,872‌

Edenred

SE

5,222‌

197,728‌

Societe

Generale

SA

10,329‌

256,940‌

1,170,286‌

Health

Care

(

0.8%

):

BioMerieux

2,861‌

342,631‌

EssilorLuxottica

SA

(a)

1,833‌

433,733‌

Sartorius

Stedim

Biotech

594‌

124,126‌

900,490‌

Industrials

(

2.4%

):

Aeroports

de

Paris

SA

2,251‌

288,869‌

Bouygues

SA

9,234‌

308,941‌

Bureau

Veritas

SA

11,308‌

374,806‌

Eiffage

SA

3,413‌

329,118‌

Legrand

SA

3,740‌

430,000‌

Safran

SA

1,759‌

413,286‌

Thales

SA

1,839‌

291,773‌

Vinci

SA

3,631‌

424,136‌

2,860,929‌

Information

Technology

(

0.2%

):

Dassault

Systemes

SE

6,567‌

260,423‌

260,423‌

Materials

(

0.3%

):

Air

Liquide

SA

2,036‌

392,620‌

392,620‌

Utilities

(

0.7%

):

Engie

SA

25,805‌

445,607‌

Veolia

Environnement

SA

11,699‌

384,381‌

829,988‌

7,801,859‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

15

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Germany

(

5.0%

):

Consumer

Discretionary

(

0.2%

):

Continental

AG

3,846‌

248,875‌

248,875‌

Consumer

Staples

(

0.4%

):

Beiersdorf

AG

3,151‌

473,981‌

473,981‌

Financials

(

1.4%

):

Commerzbank

AG

17,159‌

315,595‌

Deutsche

Boerse

AG

2,231‌

523,191‌

Hannover

Rueck

SE

1,573‌

448,368‌

Talanx

AG

4,335‌

364,760‌

1,651,914‌

Health

Care

(

0.3%

):

Carl

Zeiss

Meditec

AG

1,982‌

156,955‌

Fresenius

Medical

Care

AG

5,094‌

216,523‌

373,478‌

Industrials

(

1.2%

):

Brenntag

SE

4,522‌

337,110‌

Daimler

Truck

Holding

AG

4,930‌

184,531‌

Deutsche

Post

AG

7,531‌

335,533‌

Knorr-Bremse

AG

3,646‌

324,032‌

Rheinmetall

AG

452‌

244,697‌

1,425,903‌

Information

Technology

(

0.4%

):

Infineon

Technologies

AG

5,822‌

203,858‌

Nemetschek

SE

2,672‌

276,577‌

480,435‌

Materials

(

0.8%

):

BASF

SE

5,429‌

287,351‌

Heidelberg

Materials

AG

2,866‌

311,331‌

Symrise

AG

2,755‌

380,531‌

979,213‌

Utilities

(

0.3%

):

RWE

AG

8,684‌

315,863‌

315,863‌

5,949,662‌

Hong

Kong

(

2.7%

):

Financials

(

0.5%

):

AIA

Group

Ltd.

40,666‌

364,360‌

Hang

Seng

Bank

Ltd.

21,689‌

272,731‌

637,091‌

Industrials

(

0.5%

):

CK

Hutchison

Holdings

Ltd.

74,698‌

429,531‌

Techtronic

Industries

Co.

Ltd.

12,042‌

182,947‌

612,478‌

Real

Estate

(

0.7%

):

Henderson

Land

Development

Co.

Ltd.

81,965‌

261,492‌

Sun

Hung

Kai

Properties

Ltd.

31,375‌

345,288‌

Swire

Pacific

Ltd.,

Class

A

25,557‌

218,301‌

825,081‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Hong

Kong

(2.7%):

(continued)

Utilities

(

1.0%

):

CLP

Holdings

Ltd.

46,768‌

414,220‌

Hong

Kong

&

China

Gas

Co.

Ltd.

416,974‌

343,294‌

Power

Assets

Holdings

Ltd.

68,005‌

435,660‌

1,193,174‌

3,267,824‌

Ireland

(

1.0%

):

Consumer

Staples

(

0.3%

):

Kerry

Group

PLC,

Class

A

3,887‌

402,989‌

402,989‌

Financials

(

0.3%

):

AIB

Group

PLC

51,730‌

296,227‌

296,227‌

Industrials

(

0.4%

):

Kingspan

Group

PLC

2,692‌

252,730‌

Ryanair

Holdings

PLC,

ADR

5,393‌

243,633‌

496,363‌

1,195,579‌

Israel

(

1.0%

):

Financials

(

0.7%

):

Bank

Hapoalim

BM

25,608‌

256,382‌

Bank

Leumi

Le-Israel

BM

27,861‌

272,581‌

Mizrahi

Tefahot

Bank

Ltd.

6,068‌

237,044‌

766,007‌

Industrials

(

0.2%

):

Elbit

Systems

Ltd.

1,452‌

288,794‌

288,794‌

Information

Technology

(

0.1%

):

Nice

Ltd.

(a)

852‌

148,413‌

148,413‌

1,203,214‌

Italy

(

4.6%

):

Communication

Services

(

0.4%

):

Infrastrutture

Wireless

Italiane

SpA

36,289‌

446,307‌

446,307‌

Consumer

Discretionary

(

0.2%

):

Moncler

SpA

3,457‌

219,393‌

219,393‌

Energy

(

0.3%

):

Eni

SpA

22,686‌

345,465‌

345,465‌

Financials

(

1.8%

):

Generali

20,506‌

592,263‌

Intesa

Sanpaolo

SpA

91,605‌

391,259‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

23,951‌

408,527‌

Poste

Italiane

SpA

31,712‌

444,371‌

UniCredit

SpA

7,559‌

331,185‌

2,167,605‌

Health

Care

(

0.3%

):

Recordati

Industria

Chimica

e

Farmaceutica

SpA

6,359‌

359,542‌

359,542‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

16

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Italy

(4.6%):

(continued)

Industrials

(

0.5%

):

Leonardo

SpA

11,409‌

254,219‌

Prysmian

SpA

5,247‌

380,763‌

634,982‌

Utilities

(

1.1%

):

Enel

SpA

60,357‌

481,999‌

Snam

SpA

84,415‌

429,465‌

Terna

-

Rete

Elettrica

Nazionale

47,877‌

430,987‌

1,342,451‌

5,515,745‌

Japan

(

19.1%

):

Communication

Services

(

0.6%

):

Nexon

Co.

Ltd.

9,500‌

187,045‌

SoftBank

Corp.

388,000‌

505,418‌

692,463‌

Consumer

Discretionary

(

2.4%

):

Bridgestone

Corp.

8,500‌

325,308‌

Denso

Corp.

13,700‌

202,626‌

Fast

Retailing

Co.

Ltd.

1,000‌

329,970‌

Nitori

Holdings

Co.

Ltd.

1,500‌

227,489‌

Oriental

Land

Co.

Ltd.

10,800‌

277,910‌

Pan

Pacific

International

Holdings

Corp.

9,500‌

244,259‌

Panasonic

Holdings

Corp.

25,500‌

220,559‌

Sekisui

House

Ltd.

16,100‌

445,212‌

Shimano,

Inc.

1,800‌

340,310‌

Suzuki

Motor

Corp.

21,800‌

241,573‌

2,855,216‌

Consumer

Staples

(

1.3%

):

Aeon

Co.

Ltd.

18,500‌

501,924‌

Ajinomoto

Co.,

Inc.

7,100‌

274,000‌

Kao

Corp.

8,700‌

430,369‌

Unicharm

Corp.

10,500‌

378,690‌

1,584,983‌

Energy

(

0.4%

):

ENEOS

Holdings,

Inc.

52,600‌

285,016‌

Inpex

Corp.

12,000‌

161,826‌

446,842‌

Financials

(

2.7%

):

Dai-ichi

Life

Holdings,

Inc.

10,700‌

274,145‌

Japan

Exchange

Group,

Inc.

23,000‌

296,963‌

Japan

Post

Holdings

Co.

Ltd.

33,900‌

322,228‌

MS&AD

Insurance

Group

Holdings,

Inc.

13,000‌

301,232‌

Nomura

Holdings,

Inc.

42,800‌

221,282‌

ORIX

Corp.

14,800‌

341,705‌

Resona

Holding,

Inc.

33,100‌

229,772‌

Sompo

Holdings,

Inc.

13,600‌

302,927‌

Sumitomo

Mitsui

Financial

Group,

Inc.

13,800‌

292,401‌

Sumitomo

Mitsui

Trust

Holdings,

Inc.

13,100‌

309,109‌

Tokio

Marine

Holdings,

Inc.

8,100‌

294,837‌

3,186,601‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Japan

(19.1%):

(continued)

Health

Care

(

1.6%

):

Chugai

Pharmaceutical

Co.

Ltd.

7,600‌

366,594‌

Daiichi

Sankyo

Co.

Ltd.

6,800‌

222,818‌

Hoya

Corp.

2,300‌

316,648‌

Olympus

Corp.

17,600‌

332,932‌

Shionogi

&

Co.

Ltd.

24,000‌

342,941‌

Terumo

Corp.

15,600‌

293,090‌

1,875,023‌

Industrials

(

4.2%

):

Central

Japan

Railway

Co.

15,500‌

357,759‌

Daikin

Industries

Ltd.

1,800‌

251,444‌

East

Japan

Railway

Co.

18,200‌

360,745‌

FANUC

Corp.

10,200‌

297,391‌

Hitachi

Ltd.

14,000‌

368,339‌

ITOCHU

Corp.

6,900‌

368,647‌

Komatsu

Ltd.

9,200‌

253,895‌

Kubota

Corp.

17,700‌

250,147‌

Marubeni

Corp.

16,600‌

270,294‌

Mitsubishi

Corp.

11,500‌

236,266‌

Mitsubishi

Electric

Corp.

13,700‌

219,595‌

Mitsubishi

Heavy

Industries

Ltd.

22,500‌

331,527‌

NIDEC

Corp.

11,600‌

242,639‌

Nippon

Yusen

KK

8,000‌

290,585‌

Secom

Co.

Ltd.

9,800‌

361,013‌

SMC

Corp.

500‌

221,453‌

Toyota

Industries

Corp.

2,300‌

176,449‌

Toyota

Tsusho

Corp.

11,100‌

199,662‌

5,057,850‌

Information

Technology

(

3.7%

):

Advantest

Corp.

4,000‌

187,628‌

Canon,

Inc.

11,700‌

382,890‌

Disco

Corp.

500‌

130,436‌

FUJIFILM

Holdings

Corp.

14,200‌

364,412‌

Fujitsu

Ltd.

15,700‌

320,697‌

Keyence

Corp.

700‌

332,976‌

Kyocera

Corp.

25,500‌

294,551‌

Lasertec

Corp.

600‌

98,553‌

Murata

Manufacturing

Co.

Ltd.

14,700‌

287,075‌

NEC

Corp.

3,200‌

306,172‌

Nomura

Research

Institute

Ltd.

10,200‌

376,174‌

NTT

Data

Group

Corp.

16,700‌

299,173‌

Obic

Co.

Ltd.

11,000‌

386,236‌

Renesas

Electronics

Corp.

9,900‌

143,220‌

SCREEN

Holdings

Co.

Ltd.

1,400‌

97,155‌

TDK

Corp.

24,500‌

310,789‌

Tokyo

Electron

Ltd.

700‌

123,186‌

4,441,323‌

Materials

(

1.2%

):

Nippon

Paint

Holdings

Co.

Ltd.

37,900‌

289,439‌

Nippon

Steel

Corp.

12,400‌

275,939‌

Nitto

Denko

Corp.

15,500‌

257,614‌

Shin-Etsu

Chemical

Co.

Ltd.

6,200‌

257,862‌

Taiyo

Nippon

Sanso

Corp.

8,200‌

297,451‌

1,378,305‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

17

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Japan

(19.1%):

(continued)

Real

Estate

(

0.8%

):

Daiwa

House

Industry

Co.

Ltd.

11,900‌

373,039‌

Mitsubishi

Estate

Co.

Ltd.

13,500‌

212,162‌

Mitsui

Fudosan

Co.

Ltd.

23,500‌

218,795‌

Sumitomo

Realty

&

Development

Co.

Ltd.

6,200‌

207,342‌

1,011,338‌

Utilities

(

0.2%

):

The

Kansai

Electric

Power

Co.,

Inc.

16,300‌

268,812‌

268,812‌

22,798,756‌

Luxembourg

(

0.6%

):

Energy

(

0.2%

):

Tenaris

SA

13,992‌

220,127‌

220,127‌

Health

Care

(

0.2%

):

Eurofins

Scientific

SE

4,090‌

259,019‌

259,019‌

Materials

(

0.2%

):

ArcelorMittal

SA

9,755‌

255,582‌

255,582‌

734,728‌

Netherlands

(

3.3%

):

Consumer

Discretionary

(

0.2%

):

Prosus

NV

(a)

6,777‌

296,131‌

296,131‌

Financials

(

1.4%

):

ABN

AMRO

Bank

NV

15,423‌

278,172‌

Adyen

NV

(a)

62‌

96,788‌

ASR

Nederland

NV

5,142‌

251,815‌

Euronext

NV

3,985‌

432,222‌

ING

Groep

NV

20,742‌

375,700‌

NN

Group

NV

4,560‌

227,272‌

1,661,969‌

Industrials

(

1.1%

):

Ferrovial

SE

(a)

10,950‌

470,189‌

Randstad

NV

6,484‌

321,866‌

Wolters

Kluwer

NV

2,970‌

500,140‌

1,292,195‌

Information

Technology

(

0.3%

):

ASM

International

NV

315‌

206,642‌

BE

Semiconductor

Industries

NV

1,030‌

130,173‌

336,815‌

Materials

(

0.3%

):

Akzo

Nobel

NV

4,911‌

345,995‌

345,995‌

3,933,105‌

Norway

(

1.7%

):

Communication

Services

(

0.4%

):

Telenor

ASA

33,893‌

433,731‌

433,731‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Norway

(1.7%):

(continued)

Consumer

Staples

(

0.2%

):

Mowi

ASA

16,064‌

288,943‌

288,943‌

Energy

(

0.3%

):

Aker

BP

ASA

8,303‌

178,034‌

Equinor

ASA

8,289‌

209,557‌

387,591‌

Financials

(

0.3%

):

DNB

Bank

ASA

17,192‌

352,663‌

352,663‌

Industrials

(

0.3%

):

Kongsberg

Gruppen

ASA

3,570‌

349,240‌

349,240‌

Materials

(

0.2%

):

Norsk

Hydro

ASA

30,926‌

200,695‌

200,695‌

2,012,863‌

Portugal

(

0.8%

):

Consumer

Staples

(

0.2%

):

Jeronimo

Martins

SGPS

SA

13,155‌

258,277‌

258,277‌

Energy

(

0.3%

):

Galp

Energia

SGPS

SA

16,499‌

308,506‌

308,506‌

Utilities

(

0.3%

):

EDP

-

Energias

de

Portugal

SA

71,094‌

324,582‌

324,582‌

891,365‌

Russian

Federation

(

0.0%

):

Materials

(

0.0%

):

Evraz

PLC

(a)(b)(c)

38,723‌

12,562‌

12,562‌

Singapore

(

3.2%

):

Communication

Services

(

0.5%

):

Singapore

Telecommunications

Ltd.

207,100‌

522,223‌

522,223‌

Consumer

Staples

(

0.3%

):

Wilmar

International

Ltd.

130,800‌

341,023‌

341,023‌

Financials

(

1.5%

):

DBS

Group

Holdings

Ltd.

20,540‌

608,255‌

Oversea-Chinese

Banking

Corp.

Ltd.

50,700‌

595,821‌

United

Overseas

Bank

Ltd.

23,600‌

590,872‌

1,794,948‌

Industrials

(

0.6%

):

Keppel

Ltd.

67,200‌

346,747‌

Singapore

Airlines

Ltd.

72,600‌

384,217‌

730,964‌

Real

Estate

(

0.3%

):

CapitaLand

Investment

Ltd.

153,000‌

371,515‌

371,515‌

3,760,673‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

18

SECURITY

DESCRIPTION

SHARES

VALUE

($)

South

Korea

(

3.3%

):

Communication

Services

(

0.1%

):

NAVER

Corp.

1,369‌

177,368‌

177,368‌

Consumer

Discretionary

(

0.6%

):

Hyundai

Mobis

Co.

Ltd.

1,302‌

216,585‌

Kia

Corp.

2,464‌

188,263‌

LG

Electronics,

Inc.

3,608‌

287,812‌

692,660‌

Financials

(

1.4%

):

Hana

Financial

Group,

Inc.

5,262‌

236,639‌

KakaoBank

Corp.

7,574‌

122,516‌

KB

Financial

Group,

Inc.

3,904‌

241,555‌

Meritz

Financial

Group,

Inc.

3,644‌

270,618‌

Samsung

Fire

&

Marine

Insurance

Co.

Ltd.

898‌

236,605‌

Samsung

Life

Insurance

Co.

Ltd.

3,494‌

249,056‌

Shinhan

Financial

Group

Co.

Ltd.

7,101‌

301,419‌

1,658,408‌

Health

Care

(

0.2%

):

Celltrion,

Inc.

1,309‌

195,624‌

195,624‌

Industrials

(

0.4%

):

LG

Corp.

3,537‌

213,978‌

POSCO

Future

M

Co.

Ltd.

486‌

92,925‌

Samsung

C&T

Corp.

2,035‌

214,473‌

521,376‌

Information

Technology

(

0.3%

):

Samsung

Electronics

Co.

Ltd.

4,611‌

216,885‌

Samsung

SDI

Co.

Ltd.

486‌

140,689‌

357,574‌

Materials

(

0.3%

):

Ecopro

Co.

Ltd.

(a)

1,128‌

76,437‌

LG

Chem

Ltd.

585‌

159,505‌

POSCO

Holdings,

Inc.

442‌

130,149‌

366,091‌

3,969,101‌

Spain

(

2.6%

):

Consumer

Discretionary

(

0.7%

):

Amadeus

IT

Group

SA

5,030‌

363,448‌

Industria

de

Diseno

Textil

SA

7,054‌

417,209‌

780,657‌

Energy

(

0.2%

):

Repsol

SA

19,403‌

255,800‌

255,800‌

Financials

(

0.3%

):

CaixaBank

SA

60,670‌

362,209‌

362,209‌

Industrials

(

0.7%

):

ACS

Actividades

de

Construccion

y

Servicios

SA

(a)

8,030‌

370,724‌

Aena

SME

SA

1,813‌

398,732‌

769,456‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Spain

(2.6%):

(continued)

Utilities

(

0.7%

):

Endesa

SA

18,291‌

399,626‌

Iberdrola

SA

30,923‌

478,058‌

877,684‌

3,045,806‌

Sweden

(

5.5%

):

Consumer

Staples

(

0.4%

):

Essity

AB,

Class

B

15,661‌

488,885‌

488,885‌

Financials

(

1.9%

):

EQT

AB

5,739‌

196,452‌

Industrivarden

AB,

Class

C

10,498‌

386,038‌

Investor

AB,

Class

B

14,843‌

456,990‌

L

E

Lundbergforetagen

AB,

Class

B

6,777‌

387,864‌

Skandinaviska

Enskilda

Banken

AB,

Class

A

21,971‌

336,006‌

Svenska

Handelsbanken

AB,

Class

A

26,127‌

268,306‌

Swedbank

AB,

Class

A

13,022‌

276,177‌

2,307,833‌

Industrials

(

2.8%

):

Alfa

Laval

AB

7,804‌

374,841‌

Assa

Abloy

AB,

Class

B

10,634‌

357,833‌

Atlas

Copco

AB,

Class

A

17,090‌

330,719‌

Epiroc

AB,

Class

A

14,066‌

304,138‌

Indutrade

AB

9,257‌

287,788‌

Lifco

AB,

Class

B

11,003‌

362,229‌

Nibe

Industrier

AB,

Class

B

33,241‌

182,256‌

Saab

AB,

Class

B

(a)

11,354‌

241,472‌

Sandvik

AB

12,772‌

285,469‌

SKF

AB,

Class

B

Shares

13,026‌

259,196‌

Volvo

AB,

Class

B

11,474‌

303,137‌

3,289,078‌

Information

Technology

(

0.2%

):

Hexagon

AB,

Class

B

20,884‌

224,648‌

224,648‌

Materials

(

0.2%

):

Svenska

Cellulosa

AB

SCA,

Class

B

17,313‌

252,321‌

252,321‌

6,562,765‌

Switzerland

(

7.6%

):

Communication

Services

(

0.4%

):

Swisscom

AG,

Registered

826‌

539,311‌

539,311‌

Consumer

Discretionary

(

0.5%

):

Cie

Financiere

Richemont

SA,

Registered

1,657‌

262,003‌

The

Swatch

Group

AG

1,376‌

294,729‌

556,732‌

Consumer

Staples

(

0.4%

):

Chocoladefabriken

Lindt

&

Spruengli

AG

33‌

425,467‌

425,467‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

19

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Switzerland

(7.6%):

(continued)

Financials

(

1.6%

):

Banque

Cantonale

Vaudoise,

Registered

3,846‌

397,008‌

Julius

Baer

Group

Ltd.

4,252‌

255,763‌

Partners

Group

Holding

AG

214‌

321,177‌

Swiss

Life

Holding

AG

577‌

481,401‌

Swiss

Re

AG

3,627‌

500,202‌

1,955,551‌

Health

Care

(

1.0%

):

Alcon,

Inc.

4,207‌

419,208‌

Lonza

Group

AG,

Registered

292‌

184,476‌

Sonova

Holding

AG

1,056‌

379,122‌

Straumann

Holding

AG,

Class

R

1,457‌

238,041‌

1,220,847‌

Industrials

(

1.8%

):

ABB

Ltd.,

Registered

7,908‌

457,827‌

Geberit

AG,

Registered

503‌

327,764‌

Kuehne

+

Nagel

International

AG,

Class

R

959‌

261,566‌

Schindler

Holding

AG

1,510‌

442,543‌

SGS

SA,

Registered

(a)

3,582‌

399,345‌

VAT

Group

AG

427‌

217,386‌

2,106,431‌

Information

Technology

(

0.3%

):

Logitech

International

SA,

Class

R

2,767‌

247,074‌

STMicroelectronics

NV

5,475‌

162,397‌

409,471‌

Materials

(

1.6%

):

EMS-Chemie

Holding

AG

520‌

436,304‌

Givaudan

SA,

Registered

80‌

438,667‌

Glencore

PLC

41,607‌

237,870‌

Holcim

AG

4,617‌

450,460‌

Sika

AG,

Registered

945‌

312,804‌

1,876,105‌

9,089,915‌

United

Kingdom

(

7.0%

):

Communication

Services

(

0.7%

):

BT

Group

PLC

198,580‌

392,589‌

Informa

PLC

35,844‌

392,981‌

785,570‌

Consumer

Discretionary

(

0.3%

):

Next

PLC

2,796‌

365,594‌

365,594‌

Consumer

Staples

(

0.7%

):

Associated

British

Foods

PLC

12,006‌

374,410‌

Haleon

PLC

93,586‌

491,505‌

865,915‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

United

Kingdom

(7.0%):

(continued)

Financials

(

2.2%

):

3i

Group

PLC

8,966‌

396,100‌

Admiral

Group

PLC

9,593‌

356,992‌

Legal

&

General

Group

PLC

102,926‌

311,346‌

Lloyds

Banking

Group

PLC

479,874‌

377,172‌

London

Stock

Exchange

Group

PLC

4,716‌

644,257‌

Standard

Chartered

PLC

29,874‌

316,666‌

Wise

PLC,

Class

A

(a)

20,857‌

187,211‌

2,589,744‌

Health

Care

(

0.4%

):

Smith

&

Nephew

PLC

26,609‌

411,881‌

411,881‌

Industrials

(

1.4%

):

Ashtead

Group

PLC

2,977‌

230,246‌

Bunzl

PLC

11,431‌

539,989‌

RELX

PLC

10,724‌

503,008‌

Rentokil

Initial

PLC

31,289‌

152,407‌

Rolls-Royce

Holdings

PLC

(a)

35,215‌

248,163‌

1,673,813‌

Information

Technology

(

0.6%

):

Halma

PLC

11,257‌

392,432‌

The

Sage

Group

PLC

22,037‌

301,786‌

694,218‌

Materials

(

0.4%

):

Anglo

American

PLC

5,851‌

189,973‌

Rio

Tinto

PLC

4,382‌

310,385‌

500,358‌

Utilities

(

0.3%

):

SSE

PLC

(a)

15,632‌

393,459‌

393,459‌

8,280,552‌

United

States

(

0.2%

):

Industrials

(

0.2%

):

RB

Global,

Inc.

3,407‌

274,238‌

274,238‌

Total

Common

Stocks

(Cost

$97,933,621)

118,057,576‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Warrant

(0.0%)

Canada

(

0.0%

):

Information

Technology

(

0.0%

):

Constellation

Software,

Inc.

(a)(c)

141‌

—‌

—‌

Total

Warrant

(Cost

$–)

—‌

Total

Investments

(Cost

$97,933,621

)—

99.1%

118,057,576‌

Other

assets

in

excess

of

liabilities

—

0.9%

1,142,710‌

NET

ASSETS

-

100.00%

$

119,200,286‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

International

ETF

20

Security

Name

Acquisition

Date

Cost

Evraz

PLC

12/4/2019

$

247,473

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024

(a)

Non-income

producing

security.

(b)

The

following

table

details

the

earliest

acquisition

date

and

cost

of

the

Fund's

restricted

securities

due

to

trading

restrictions

at

September

30,

2024.

(c)

Security

was

fair

valued

based

upon

procedures

approved

by

the

Board

of

Trustees

and

represents

0.01%

of

the

Fund's

net

asset

as

of

September

30,

2024.

This

security

is

classified

as

Level

3

within

the

fair

value

hierarchy.

Futures

Contracts

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

Mini

MSCI

EAFE

Index

12/20/24

4

$

491,326‌

$

497,560‌

$

6,234‌

$

6,234‌

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

Enhanced

ETF

21

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(99.7%)

Communication

Services

(

0.6%

):

Live

Nation

Entertainment,

Inc.(a)

2,244‌

245,696‌

The

Trade

Desk,

Inc.,

Class

A(a)

1,419‌

155,593‌

401,289‌

Consumer

Discretionary

(

8.1%

):

Aptiv

PLC(a)

2,392‌

172,248‌

Burlington

Stores,

Inc.(a)

733‌

193,131‌

CarMax,

Inc.(a)

2,255‌

174,492‌

Carvana

Co.(a)

751‌

130,757‌

Chipotle

Mexican

Grill,

Inc.(a)

4,274‌

246,268‌

Coupang,

Inc.(a)

7,524‌

184,714‌

Deckers

Outdoor

Corp.(a)

1,176‌

187,513‌

Domino's

Pizza,

Inc.

527‌

226,684‌

DR

Horton,

Inc.

1,307‌

249,336‌

Five

Below,

Inc.(a)

1,078‌

95,241‌

Floor

&

Decor

Holdings,

Inc.,

Class

A(a)

1,414‌

175,576‌

Garmin

Ltd.

1,917‌

337,449‌

Genuine

Parts

Co.

1,714‌

239,412‌

Lennar

Corp.,

Class

A

1,260‌

236,225‌

LKQ

Corp.

6,131‌

244,750‌

Lowe's

Cos.,

Inc.

1,195‌

323,666‌

NVR,

Inc.(a)

31‌

304,166‌

O'Reilly

Automotive,

Inc.(a)

280‌

322,448‌

Pool

Corp.

534‌

201,211‌

PulteGroup,

Inc.

1,727‌

247,876‌

Ross

Stores,

Inc.

2,275‌

342,410‌

Service

Corp.

International

3,263‌

257,549‌

Tesla,

Inc.(a)

738‌

193,083‌

Toll

Brothers,

Inc.

1,484‌

229,263‌

TopBuild

Corp.(a)

383‌

155,808‌

Tractor

Supply

Co.

1,069‌

311,004‌

5,982,280‌

Consumer

Staples

(

4.3%

):

Campbell

Soup

Co.

6,474‌

316,708‌

Casey's

General

Stores,

Inc.

801‌

300,944‌

Celsius

Holdings,

Inc.(a)

1,236‌

38,761‌

Costco

Wholesale

Corp.

431‌

382,090‌

Coty,

Inc.,

Class

A(a)

17,014‌

159,761‌

Dollar

General

Corp.

1,155‌

97,678‌

Dollar

Tree,

Inc.(a)

1,457‌

102,456‌

Hormel

Foods

Corp.

5,964‌

189,059‌

Kimberly

Clark

Corp.

3,085‌

438,934‌

Lamb

Weston

Holdings,

Inc.

2,824‌

182,826‌

McCormick

&

Co.,

Inc.

3,179‌

261,632‌

Sysco

Corp.

4,513‌

352,285‌

U.S.

Foods

Holding

Corp.(a)

5,685‌

349,627‌

3,172,761‌

Energy

(

7.7%

):

Baker

Hughes

Co.

8,241‌

297,912‌

Cheniere

Energy,

Inc.

1,802‌

324,072‌

ConocoPhillips

2,032‌

213,929‌

Coterra

Energy,

Inc.

9,409‌

225,345‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Energy

(7.7%):

(continued)

Devon

Energy

Corp.

4,139‌

161,918‌

Diamondback

Energy,

Inc.

1,215‌

209,466‌

EOG

Resources,

Inc.

1,836‌

225,699‌

EQT

Corp.

4,853‌

177,814‌

Expand

Energy

Corp.

2,622‌

215,659‌

Halliburton

Co.

5,925‌

172,121‌

HF

Sinclair

Corp.

3,418‌

152,340‌

Kinder

Morgan,

Inc.

20,195‌

446,107‌

Marathon

Oil

Corp.

7,279‌

193,840‌

Marathon

Petroleum

Corp.

1,126‌

183,437‌

Occidental

Petroleum

Corp.

3,631‌

187,142‌

ONEOK,

Inc.

3,905‌

355,863‌

Ovintiv,

Inc.

3,728‌

142,820‌

Permian

Resources

Corp.

10,661‌

145,096‌

Phillips

66

1,617‌

212,555‌

Schlumberger

NV

4,387‌

184,035‌

Targa

Resources

Corp.

2,333‌

345,307‌

Texas

Pacific

Land

Corp.

289‌

255,690‌

The

Williams

Cos.,

Inc.

9,171‌

418,656‌

Valero

Energy

Corp.

1,260‌

170,138‌

5,616,961‌

Financials

(

13.2%

):

Aflac,

Inc.

3,732‌

417,238‌

American

Financial

Group,

Inc.

2,267‌

305,138‌

Arch

Capital

Group

Ltd.(a)

2,880‌

322,214‌

Arthur

J.

Gallagher

&

Co.

1,424‌

400,671‌

Block,

Inc.(a)

1,484‌

99,621‌

Brown

&

Brown,

Inc.

3,858‌

399,689‌

Cboe

Global

Markets,

Inc.

1,808‌

370,405‌

Cincinnati

Financial

Corp.

2,459‌

334,719‌

Coinbase

Global,

Inc.,

Class

A(a)

313‌

55,767‌

Corebridge

Financial,

Inc.

8,658‌

252,467‌

Equitable

Holdings,

Inc.

6,479‌

272,312‌

Erie

Indemnity

Co.,

Class

A

486‌

262,353‌

Everest

Group

Ltd.

687‌

269,187‌

FactSet

Research

Systems,

Inc.

734‌

337,530‌

First

Citizens

BancShares,

Inc.,

Class

A

137‌

252,210‌

Franklin

Resources,

Inc.

8,432‌

169,905‌

Globe

Life,

Inc.

6,417‌

679,625‌

Interactive

Brokers

Group,

Inc.

2,253‌

313,978‌

Intercontinental

Exchange,

Inc.

2,678‌

430,194‌

Jack

Henry

&

Associates,

Inc.

1,766‌

311,770‌

Kinsale

Capital

Group,

Inc.

337‌

156,897‌

LPL

Financial

Holdings,

Inc.

891‌

207,273‌

Markel

Group,

Inc.(a)

181‌

283,913‌

Morningstar,

Inc.

718‌

229,128‌

MSCI,

Inc.

444‌

258,821‌

Nasdaq,

Inc.

4,849‌

354,026‌

Principal

Financial

Group,

Inc.

3,794‌

325,905‌

Reinsurance

Group

of

America,

Inc.

1,759‌

383,233‌

RenaissanceRe

Holdings

Ltd.

988‌

269,131‌

Ryan

Specialty

Holdings,

Inc.

5,570‌

369,792‌

Tradeweb

Markets,

Inc.,

Class

A

2,583‌

319,440‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

Enhanced

ETF

22

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Financials

(13.2%):

(continued)

W.R.

Berkley

Corp.

5,491‌

311,504‌

9,726,056‌

Health

Care

(

10.5%

):

Agilent

Technologies,

Inc.

1,593‌

236,529‌

Align

Technology,

Inc.(a)

380‌

96,642‌

Avantor,

Inc.(a)

7,712‌

199,509‌

BioMarin

Pharmaceutical,

Inc.(a)

2,347‌

164,971‌

Bruker

Corp.

2,095‌

144,681‌

Cardinal

Health,

Inc.

2,648‌

292,657‌

Cencora,

Inc.

1,641‌

369,356‌

Charles

River

Laboratories

International,

Inc.(a)

737‌

145,167‌

Danaher

Corp.

1,092‌

303,598‌

DaVita,

Inc.(a)

1,204‌

197,372‌

Dexcom,

Inc.(a)

1,034‌

69,319‌

Edwards

Lifesciences

Corp.(a)

2,181‌

143,924‌

GE

HealthCare

Technologies,

Inc.

2,474‌

232,185‌

HCA

Healthcare,

Inc.

845‌

343,433‌

Humana,

Inc.

652‌

206,514‌

IDEXX

Laboratories,

Inc.(a)

407‌

205,625‌

Incyte

Corp.(a)

4,340‌

286,874‌

Insulet

Corp.(a)

737‌

171,537‌

Intuitive

Surgical,

Inc.(a)

535‌

262,829‌

IQVIA

Holdings,

Inc.(a)

896‌

212,325‌

Medpace

Holdings,

Inc.(a)

383‌

127,845‌

Mettler-Toledo

International,

Inc.(a)

175‌

262,448‌

Neurocrine

Biosciences,

Inc.(a)

1,773‌

204,285‌

Regeneron

Pharmaceuticals,

Inc.(a)

374‌

393,164‌

Repligen

Corp.(a)

755‌

112,359‌

ResMed,

Inc.

852‌

207,990‌

Revvity,

Inc.

1,717‌

219,347‌

STERIS

PLC

1,461‌

354,351‌

Stryker

Corp.

812‌

293,343‌

United

Therapeutics

Corp.(a)

1,059‌

379,493‌

Veeva

Systems,

Inc.,

Class

A(a)

924‌

193,920‌

Waters

Corp.(a)

625‌

224,931‌

West

Pharmaceutical

Services,

Inc.

481‌

144,377‌

Zoetis,

Inc.

1,540‌

300,885‌

7,703,785‌

Industrials

(

24.8%

):

A.O.

Smith

Corp.

3,207‌

288,085‌

Advanced

Drainage

Systems,

Inc.

1,086‌

170,676‌

AECOM

3,072‌

317,245‌

Allegion

PLC

1,932‌

281,570‌

AMETEK,

Inc.

2,185‌

375,186‌

Axon

Enterprise,

Inc.(a)

557‌

222,577‌

Builders

FirstSource,

Inc.(a)

745‌

144,426‌

Carlisle

Cos.,

Inc.

569‌

255,908‌

Carrier

Global

Corp.

3,778‌

304,091‌

Caterpillar,

Inc.

627‌

245,232‌

Cintas

Corp.

1,836‌

377,996‌

Comfort

Systems

USA,

Inc.

539‌

210,399‌

Copart,

Inc.(a)

5,130‌

268,812‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Industrials

(24.8%):

(continued)

CSX

Corp.

9,479‌

327,310‌

Dayforce,

Inc.(a)

3,002‌

183,873‌

Deere

&

Co.

649‌

270,847‌

Dover

Corp.

1,801‌

345,324‌

EMCOR

Group,

Inc.

639‌

275,109‌

Equifax,

Inc.

826‌

242,728‌

Expeditors

International

of

Washington,

Inc.

2,546‌

334,544‌

Fastenal

Co.

4,210‌

300,678‌

Fortive

Corp.

3,526‌

278,307‌

General

Dynamics

Corp.

1,178‌

355,992‌

Graco,

Inc.

3,206‌

280,557‌

HEICO

Corp.

1,509‌

394,573‌

Howmet

Aerospace,

Inc.

4,286‌

429,672‌

Hubbell,

Inc.

588‌

251,870‌

Huntington

Ingalls

Industries,

Inc.

1,034‌

273,369‌

IDEX

Corp.

1,431‌

306,950‌

Illinois

Tool

Works,

Inc.

1,501‌

393,367‌

Ingersoll

Rand,

Inc.

3,155‌

309,695‌

J.B.

Hunt

Transport

Services,

Inc.

1,254‌

216,102‌

Leidos

Holdings,

Inc.

2,433‌

396,579‌

Lennox

International,

Inc.

474‌

286,433‌

Lincoln

Electric

Holdings,

Inc.

1,085‌

208,342‌

Masco

Corp.

3,247‌

272,553‌

Norfolk

Southern

Corp.

1,023‌

254,215‌

Old

Dominion

Freight

Line,

Inc.

953‌

189,304‌

Otis

Worldwide

Corp.

4,023‌

418,151‌

PACCAR,

Inc.

2,613‌

257,851‌

Parker-Hannifin

Corp.

445‌

281,160‌

Paychex,

Inc.

2,684‌

360,166‌

Quanta

Services,

Inc.

780‌

232,557‌

Republic

Services,

Inc.

2,464‌

494,870‌

Rockwell

Automation,

Inc.

644‌

172,888‌

Rollins,

Inc.

5,418‌

274,042‌

Saia,

Inc.(a)

272‌

118,935‌

Snap-on,

Inc.

958‌

277,542‌

SS&C

Technologies

Holdings,

Inc.

4,764‌

353,536‌

Textron,

Inc.

2,667‌

236,243‌

Trane

Technologies

PLC

776‌

301,654‌

TransDigm

Group,

Inc.

232‌

331,094‌

U-Haul

Holding

Co.

3,295‌

237,240‌

Union

Pacific

Corp.

1,262‌

311,058‌

United

Rentals,

Inc.

251‌

203,242‌

Veralto

Corp.

2,134‌

238,709‌

Verisk

Analytics,

Inc.

1,584‌

424,449‌

Vertiv

Holdings

Co.,

Class

A

1,313‌

130,630‌

Waste

Management,

Inc.

1,817‌

377,209‌

Watsco,

Inc.

527‌

259,221‌

Westinghouse

Air

Brake

Technologies

Corp.

2,351‌

427,341‌

WW

Grainger,

Inc.

305‌

316,837‌

Xylem,

Inc.

2,324‌

313,810‌

18,190,931‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

Enhanced

ETF

23

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Information

Technology

(

14.6%

):

Advanced

Micro

Devices,

Inc.(a)

793‌

130,115‌

Akamai

Technologies,

Inc.(a)

2,785‌

281,146‌

Amphenol

Corp.,

Class

A

6,166‌

401,777‌

Analog

Devices,

Inc.

1,291‌

297,149‌

AppLovin

Corp.,

Class

A(a)

1,262‌

164,754‌

Arista

Networks,

Inc.(a)

499‌

191,526‌

Bentley

Systems,

Inc.,

Class

B

4,174‌

212,081‌

Broadcom,

Inc.

1,287‌

222,008‌

Cadence

Design

Systems,

Inc.(a)

741‌

200,833‌

CDW

Corp.

1,355‌

306,637‌

Cognizant

Technology

Solutions

Corp.,

Class

A

4,169‌

321,763‌

Corpay,

Inc.(a)

798‌

249,583‌

Datadog,

Inc.,

Class

A(a)

888‌

102,173‌

DocuSign,

Inc.(a)

2,606‌

161,807‌

Dynatrace,

Inc.(a)

4,187‌

223,879‌

Elastic

NV(a)

952‌

73,076‌

Enphase

Energy,

Inc.(a)

817‌

92,337‌

Entegris,

Inc.

1,276‌

143,588‌

EPAM

Systems,

Inc.(a)

697‌

138,724‌

F5,

Inc.(a)

1,702‌

374,780‌

Fair

Isaac

Corp.(a)

176‌

342,060‌

First

Solar,

Inc.(a)

725‌

180,844‌

Fortinet,

Inc.(a)

2,100‌

162,855‌

Gartner,

Inc.(a)

499‌

252,873‌

Jabil,

Inc.

1,011‌

121,148‌

Keysight

Technologies,

Inc.(a)

1,391‌

221,072‌

KLA

Corp.

273‌

211,414‌

Lattice

Semiconductor

Corp.(a)

1,689‌

89,635‌

Manhattan

Associates,

Inc.(a)

927‌

260,839‌

Microchip

Technology,

Inc.

2,194‌

176,156‌

MicroStrategy,

Inc.(a)

442‌

74,521‌

Monolithic

Power

Systems,

Inc.

207‌

191,372‌

NetApp,

Inc.

1,824‌

225,282‌

NVIDIA

Corp.

1,594‌

193,575‌

NXP

Semiconductors

NV

845‌

202,808‌

ON

Semiconductor

Corp.(a)

1,892‌

137,378‌

Palantir

Technologies,

Inc.,

Class

A(a)

3,728‌

138,682‌

Palo

Alto

Networks,

Inc.(a)

418‌

142,872‌

PTC,

Inc.(a)

1,643‌

296,824‌

Pure

Storage,

Inc.,

Class

A(a)

2,348‌

117,964‌

Roper

Technologies,

Inc.

756‌

420,669‌

ServiceNow,

Inc.(a)

286‌

255,796‌

Skyworks

Solutions,

Inc.

2,152‌

212,553‌

Super

Micro

Computer,

Inc.(a)

68‌

28,315‌

Synopsys,

Inc.(a)

373‌

188,883‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Information

Technology

(14.6%):

(continued)

TE

Connectivity

PLC(a)

2,015‌

304,245‌

Teledyne

Technologies,

Inc.(a)

744‌

325,619‌

Teradyne,

Inc.

1,720‌

230,360‌

Trimble,

Inc.(a)

3,214‌

199,557‌

Tyler

Technologies,

Inc.(a)

590‌

344,395‌

Zebra

Technologies

Corp.(a)

476‌

176,272‌

10,716,574‌

Materials

(

6.6%

):

Albemarle

Corp.

887‌

84,008‌

Avery

Dennison

Corp.

1,639‌

361,826‌

Ball

Corp.

3,275‌

222,405‌

Celanese

Corp.

1,493‌

202,988‌

CF

Industries

Holdings,

Inc.

2,832‌

242,986‌

Freeport-McMoRan,

Inc.

3,556‌

177,515‌

International

Paper

Co.

5,566‌

271,899‌

Linde

PLC

817‌

389,595‌

LyondellBasell

Industries

NV,

Class

A

3,120‌

299,208‌

Martin

Marietta

Materials,

Inc.

440‌

236,830‌

Nucor

Corp.

1,191‌

179,055‌

Packaging

Corp.

of

America

1,536‌

330,854‌

PPG

Industries,

Inc.

2,306‌

305,453‌

Reliance,

Inc.

727‌

210,256‌

RPM

International,

Inc.

2,334‌

282,414‌

Steel

Dynamics,

Inc.

1,491‌

187,985‌

The

Sherwin-Williams

Co.

963‌

367,548‌

Vulcan

Materials

Co.

1,064‌

266,457‌

Westlake

Corp.

1,457‌

218,973‌

4,838,255‌

Real

Estate

(

0.2%

):

CoStar

Group,

Inc.(a)

2,325‌

175,398‌

175,398‌

Utilities

(

9.1%

):

Alliant

Energy

Corp.

6,418‌

389,508‌

Ameren

Corp.

3,851‌

336,808‌

American

Electric

Power

Co.,

Inc.

3,446‌

353,560‌

American

Water

Works

Co.,

Inc.

2,310‌

337,814‌

Atmos

Energy

Corp.

3,164‌

438,878‌

CenterPoint

Energy,

Inc.

11,338‌

333,564‌

CMS

Energy

Corp.

5,316‌

375,469‌

Consolidated

Edison,

Inc.

3,715‌

386,843‌

Constellation

Energy

Corp.

860‌

223,617‌

DTE

Energy

Co.

2,799‌

359,420‌

Entergy

Corp.

3,105‌

408,649‌

Evergy,

Inc.

5,695‌

353,147‌

NextEra

Energy,

Inc.

3,078‌

260,183‌

NiSource,

Inc.

10,550‌

365,558‌

Public

Service

Enterprise

Group,

Inc.

4,766‌

425,175‌

The

AES

Corp.

9,325‌

187,060‌

The

Southern

Co.

4,749‌

428,265‌

Vistra

Corp.

3,075‌

364,511‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

US

Large/Mid

Cap

Core

Enhanced

ETF

24

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024.

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(9.1%):

(continued)

WEC

Energy

Group,

Inc.

3,756‌

361,252‌

6,689,281‌

Total

Common

Stocks

(Cost

$61,088,925)

73,213,571‌

Investment

Company

(0.2%)

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares,

5.18%(b)

182,437‌

182,437‌

Total

Investment

Company

(Cost

$182,437)

182,437‌

Total

Investments

(Cost

$61,271,362)

—

99.9%

73,396,008‌

Other

assets

in

excess

of

liabilities

—

0.1%

54,237‌

NET

ASSETS

-

100.00%

$

73,450,245‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

7-Day

effective

yield

on

September

30,

2024.

Futures

Contracts

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

500

Index

E-mini

12/20/24

1

$

284,527

$

290,713

$

6,186

$

6,186

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

High

Dividend

Stock

Enhanced

ETF

25

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(99.5%)

Consumer

Discretionary

(

5

.9

%

):

Garmin

Ltd.

4,497‌

791,607‌

Genuine

Parts

Co.

4,024‌

562,072‌

LKQ

Corp.

14,382‌

574,129‌

Lowe's

Cos.,

Inc.

2,802‌

758,922‌

Service

Corp.

International

7,655‌

604,209‌

Tractor

Supply

Co.

2,507‌

729,362‌

4,020,301‌

Consumer

Staples

(

5

.7

%

):

Campbell

Soup

Co.

15,189‌

743,046‌

Dollar

General

Corp.

2,712‌

229,354‌

Hormel

Foods

Corp.

13,994‌

443,610‌

Kimberly

Clark

Corp.

7,236‌

1,029,538‌

McCormick

&

Co.,

Inc.

7,460‌

613,958‌

Sysco

Corp.

10,589‌

826,577‌

3,886,083‌

Energy

(

16

.2

%

):

Baker

Hughes

Co.

19,331‌

698,816‌

ConocoPhillips

4,773‌

502,502‌

Coterra

Energy,

Inc.

22,074‌

528,672‌

Devon

Energy

Corp.

9,711‌

379,894‌

Diamondback

Energy,

Inc.

2,860‌

493,064‌

EOG

Resources,

Inc.

4,309‌

529,705‌

EQT

Corp.

11,388‌

417,256‌

Expand

Energy

Corp.

6,162‌

506,825‌

Halliburton

Co.

13,903‌

403,882‌

HF

Sinclair

Corp.

8,019‌

357,407‌

Kinder

Morgan,

Inc.

47,381‌

1,046,646‌

Marathon

Oil

Corp.

17,078‌

454,787‌

Marathon

Petroleum

Corp.

2,641‌

430,245‌

ONEOK,

Inc.

9,162‌

834,933‌

Ovintiv,

Inc.

8,749‌

335,174‌

Phillips

66

3,794‌

498,721‌

Schlumberger

NV

10,290‌

431,666‌

Targa

Resources

Corp.

5,475‌

810,355‌

The

Williams

Cos.,

Inc.

21,518‌

982,297‌

Valero

Energy

Corp.

2,960‌

399,689‌

11,042,536‌

Financials

(

13

.2

%

):

Aflac,

Inc.

8,757‌

979,032‌

American

Financial

Group,

Inc.

5,316‌

715,534‌

Cincinnati

Financial

Corp.

5,770‌

785,412‌

Corebridge

Financial,

Inc.

20,314‌

592,356‌

Equitable

Holdings,

Inc.

15,202‌

638,940‌

Everest

Group

Ltd.

1,611‌

631,238‌

Franklin

Resources,

Inc.

19,785‌

398,668‌

Intercontinental

Exchange,

Inc.

6,284‌

1,009,462‌

Jack

Henry

&

Associates,

Inc.

4,146‌

731,935‌

Nasdaq,

Inc.

11,378‌

830,708‌

Principal

Financial

Group,

Inc.

8,902‌

764,682‌

Reinsurance

Group

of

America,

Inc.

4,123‌

898,278‌

8,976,245‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Health

Care

(

1

.0

%

):

Cardinal

Health,

Inc.

6,211‌

686,440‌

686,440‌

Industrials

(

19

.9

%

):

A.O.

Smith

Corp.

7,521‌

675,611‌

Allegion

PLC

4,534‌

660,785‌

Carrier

Global

Corp.

8,860‌

713,141‌

Caterpillar,

Inc.

1,469‌

574,555‌

Deere

&

Co.

1,525‌

636,428‌

Fastenal

Co.

9,877‌

705,415‌

General

Dynamics

Corp.

2,764‌

835,281‌

Huntington

Ingalls

Industries,

Inc.

2,422‌

640,328‌

Illinois

Tool

Works,

Inc.

3,523‌

923,273‌

Masco

Corp.

7,617‌

639,371‌

Norfolk

Southern

Corp.

2,399‌

596,152‌

Otis

Worldwide

Corp.

9,439‌

981,090‌

Paychex,

Inc.

6,297‌

844,994‌

Rockwell

Automation,

Inc.

1,508‌

404,838‌

Snap-on,

Inc.

2,247‌

650,978‌

SS&C

Technologies

Holdings,

Inc.

11,176‌

829,371‌

Union

Pacific

Corp.

2,964‌

730,567‌

Waste

Management,

Inc.

4,261‌

884,584‌

Watsco,

Inc.

1,235‌

607,472‌

13,534,234‌

Information

Technology

(

6

.8

%

):

Analog

Devices,

Inc.

3,027‌

696,724‌

Broadcom,

Inc.

3,016‌

520,260‌

Cognizant

Technology

Solutions

Corp.,

Class

A

9,778‌

754,666‌

Microchip

Technology,

Inc.

5,146‌

413,172‌

NetApp,

Inc.

4,281‌

528,746‌

NXP

Semiconductors

NV

1,983‌

475,940‌

Skyworks

Solutions,

Inc.

5,045‌

498,295‌

TE

Connectivity

PLC(a)

4,727‌

713,730‌

4,601,533‌

Materials

(

9

.7

%

):

Albemarle

Corp.

2,083‌

197,281‌

Avery

Dennison

Corp.

3,842‌

848,160‌

Celanese

Corp.

3,504‌

476,404‌

CF

Industries

Holdings,

Inc.

6,647‌

570,313‌

International

Paper

Co.

13,056‌

637,785‌

LyondellBasell

Industries

NV,

Class

A

7,322‌

702,180‌

Packaging

Corp.

of

America

3,601‌

775,655‌

PPG

Industries,

Inc.

5,408‌

716,344‌

Reliance,

Inc.

1,705‌

493,103‌

RPM

International,

Inc.

5,478‌

662,838‌

Westlake

Corp.

3,418‌

513,691‌

6,593,754‌

Utilities

(

21

.1

%

):

Alliant

Energy

Corp.

15,059‌

913,931‌

Ameren

Corp.

9,036‌

790,288‌

American

Electric

Power

Co.,

Inc.

8,086‌

829,624‌

American

Water

Works

Co.,

Inc.

5,418‌

792,328‌

Atmos

Energy

Corp.

7,419‌

1,029,089‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

High

Dividend

Stock

Enhanced

ETF

26

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024.

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(21.1%):

(continued)

CenterPoint

Energy,

Inc.

26,595‌

782,425‌

CMS

Energy

Corp.

12,472‌

880,897‌

Consolidated

Edison,

Inc.

8,715‌

907,493‌

DTE

Energy

Co.

6,566‌

843,140‌

Entergy

Corp.

7,283‌

958,516‌

Evergy,

Inc.

13,364‌

828,702‌

NextEra

Energy,

Inc.

7,222‌

610,476‌

NiSource,

Inc.

24,748‌

857,518‌

Public

Service

Enterprise

Group,

Inc.

11,181‌

997,457‌

The

AES

Corp.

21,880‌

438,913‌

The

Southern

Co.

11,142‌

1,004,786‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(21.1%):

(continued)

WEC

Energy

Group,

Inc.

8,812‌

847,538‌

14,313,121‌

Total

Common

Stocks

(Cost

$59,453,380)

67,654,247‌

Investment

Company

(0.4%)

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares,

5.18%(b)

282,961‌

282,961‌

Total

Investment

Company

(Cost

$282,961)

282,961‌

Total

Investments

(Cost

$59,736,341)

—

99.9%

67,937,208‌

Other

assets

in

excess

of

liabilities

—

0.1%

107,135‌

NET

ASSETS

-

100.00%

$

68,044,343‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

7-Day

effective

yield

on

September

30,

2024.

Futures

Contracts

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

S&P

500

Index

E-mini

12/20/24

1

$

284,527‌

$

290,713‌

$

6,186‌

$

6,186‌

Schedule

of

Portfolio

Investments

September

30,

2024

(Unaudited)

Timothy

Plan

Market

Neutral

ETF

27

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Common

Stocks

(90.0%)

Communication

Services

(

3.5%

):

BT

Group

PLC

41,271‌

81,592‌

Cable

One,

Inc.

263‌

91,995‌

Cogent

Communications

Holdings,

Inc.

1,921‌

145,842‌

Gray

Television,

Inc.

17,606‌

94,368‌

Infrastrutture

Wireless

Italiane

SpA

3,656‌

44,964‌

John

Wiley

&

Sons,

Inc.,

Class

A

1,994‌

96,211‌

LG

Uplus

Corp.

4,788‌

35,924‌

Playtika

Holding

Corp.

7,689‌

60,897‌

SK

Telecom

Co.

Ltd.

1,361‌

58,187‌

Spark

New

Zealand

Ltd.

55,154‌

106,135‌

Tele2

AB,

Class

B

Shares

19,754‌

223,584‌

Telenor

ASA

20,402‌

261,086‌

Telstra

Group

Ltd.

32,073‌

86,015‌

1,386,800‌

Consumer

Discretionary

(

8.0%

):

Barratt

Developments

PLC

26,208‌

167,699‌

Bath

&

Body

Works,

Inc.

2,110‌

67,351‌

Bloomin'

Brands,

Inc.

6,311‌

104,321‌

Canadian

Tire

Corp

Ltd.,

Class

A(a)

395‌

47,346‌

Carter's,

Inc.

1,395‌

90,647‌

Dillard's,

Inc.,

Class

A

153‌

58,705‌

Dine

Brands

Global,

Inc.

3,896‌

121,672‌

Ethan

Allen

Interiors,

Inc.

4,073‌

129,888‌

Garmin

Ltd.

410‌

72,172‌

H&R

Block,

Inc.

2,031‌

129,070‌

Haverty

Furniture

Cos.,

Inc.

3,882‌

106,639‌

Jack

in

the

Box,

Inc.

1,920‌

89,357‌

LCI

Industries

1,040‌

125,362‌

Lear

Corp.

914‌

99,763‌

LKQ

Corp.

2,013‌

80,359‌

Magna

International,

Inc.

2,514‌

103,140‌

Mazda

Motor

Corp.

7,200‌

53,608‌

Monro,

Inc.

3,670‌

105,916‌

Movado

Group,

Inc.

3,282‌

61,045‌

Newell

Brands,

Inc.

5,773‌

44,337‌

Papa

John's

International,

Inc.

2,485‌

133,867‌

Persimmon

PLC

3,231‌

70,981‌

Polaris,

Inc.

1,319‌

109,794‌

Porsche

Automobil

Holding

SE,

Preference

2,385‌

109,047‌

Smith

&

Wesson

Brands,

Inc.

5,415‌

70,287‌

Stellantis

NV

7,705‌

106,407‌

Strategic

Education,

Inc.

1,049‌

97,085‌

Taylor

Wimpey

PLC

94,185‌

206,849‌

The

Buckle,

Inc.

2,279‌

100,208‌

The

Wendy's

Co.

6,539‌

114,563‌

Upbound

Group,

Inc.

4,252‌

136,021‌

Vail

Resorts,

Inc.

429‌

74,770‌

3,188,276‌

Consumer

Staples

(

4.9%

):

B&G

Foods,

Inc.

4,069‌

36,133‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Consumer

Staples

(4.9%):

(continued)

Bunge

Global

SA

962‌

92,968‌

Cal-Maine

Foods,

Inc.

1,456‌

108,967‌

Campbell

Soup

Co.

2,899‌

141,819‌

Dollar

General

Corp.

429‌

36,281‌

Energizer

Holdings,

Inc.

5,472‌

173,791‌

Flowers

Foods,

Inc.

5,476‌

126,331‌

Fresh

Del

Monte

Produce,

Inc.

3,480‌

102,799‌

Hormel

Foods

Corp.

2,276‌

72,149‌

Ingredion,

Inc.

947‌

130,146‌

J

Sainsbury

PLC

37,284‌

147,220‌

Kenvue,

Inc.

3,427‌

79,266‌

Kesko

Oyj,

Class

B

3,522‌

75,127‌

Reynolds

Consumer

Products,

Inc.

6,681‌

207,779‌

Salmar

ASA

1,177‌

61,755‌

SpartanNash

Co.

5,934‌

132,981‌

The

J.M.

Smucker

Co.

1,226‌

148,469‌

WK

Kellogg

Co.

4,882‌

83,531‌

1,957,512‌

Energy

(

15.8%

):

Aker

BP

ASA

6,702‌

143,706‌

Ampol

Ltd.

7,403‌

156,221‌

Antero

Midstream

Corp.

13,006‌

195,740‌

APA

Corp.

3,933‌

96,201‌

Ardmore

Shipping

Corp.

5,716‌

103,460‌

Atlas

Energy

Solutions,

Inc.

1,654‌

36,057‌

Berry

Corp.

33,913‌

174,313‌

Chord

Energy

Corp.

868‌

113,040‌

Civitas

Resources,

Inc.

3,155‌

159,864‌

Coterra

Energy,

Inc.

4,900‌

117,355‌

Crescent

Energy

Co.,

Class

A

10,214‌

111,843‌

CVR

Energy,

Inc.

6,028‌

138,825‌

Devon

Energy

Corp.

2,169‌

84,851‌

DHT

Holdings,

Inc.

12,707‌

140,158‌

DT

Midstream,

Inc.

2,906‌

228,586‌

Eni

SpA

9,361‌

142,550‌

Equinor

ASA

4,756‌

120,238‌

FLEX

LNG

Ltd.

6,155‌

156,583‌

FutureFuel

Corp.

13,876‌

79,787‌

Golar

LNG

Ltd.

1,091‌

40,105‌

Granite

Ridge

Resources,

Inc.

8,543‌

50,745‌

HD

Hyundai

Co.

Ltd.

1,819‌

106,427‌

HF

Sinclair

Corp.

2,235‌

99,614‌

Keyera

Corp.

9,271‌

289,106‌

Kinder

Morgan,

Inc.

7,542‌

166,603‌

Kinetik

Holdings,

Inc.

3,702‌

167,553‌

Noble

Corp.

PLC

4,089‌

147,777‌

Nordic

American

Tankers

Ltd.

46,769‌

171,642‌

Northern

Oil

&

Gas,

Inc.

3,329‌

117,880‌

OMV

AG

3,070‌

131,073‌

ONEOK,

Inc.

1,709‌

155,741‌

Ovintiv,

Inc.

1,559‌

59,725‌

Patterson-UTI

Energy,

Inc.

15,729‌

120,327‌

Pembina

Pipeline

Corp.

6,829‌

281,533‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

Market

Neutral

ETF

28

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Energy

(15.8%):

(continued)

Phillips

66

Co.

835‌

109,761‌

Repsol

SA

9,915‌

130,715‌

Riley

Exploration

Permian,

Inc.

3,309‌

87,655‌

Santos

Ltd.

17,025‌

82,609‌

SFL

Corp.

Ltd.

16,669‌

192,860‌

Sitio

Royalties

Corp.,

Class

A

7,391‌

154,028‌

Suncor

Energy,

Inc.

942‌

34,774‌

TC

Energy

Corp.

4,254‌

202,240‌

Tenaris

SA

4,656‌

73,250‌

The

Williams

Cos.,

Inc.

2,954‌

134,850‌

TotalEnergies

SE

1,067‌

69,473‌

VAALCO

Energy,

Inc.

13,534‌

77,685‌

Valero

Energy

Corp.

808‌

109,104‌

Vitesse

Energy,

Inc.

5,775‌

138,716‌

Woodside

Energy

Group

Ltd.

4,909‌

85,506‌

6,288,455‌

Financials

(

21.7%

):

ABN

AMRO

Bank

NV

7,296‌

131,592‌

Ageas

SA

3,458‌

184,433‌

A-Mark

Precious

Metals,

Inc.

2,865‌

126,518‌

ANZ

Group

Holdings

Ltd.(a)

13,144‌

276,915‌

Artisan

Partners

Asset

Management,

Inc.,

Class

A

4,596‌

199,099‌

Axis

Capital

Holdings

Ltd.

855‌

68,067‌

Banco

Latinoamericano

de

Comercio

Exterior

SA,

Class

E

3,015‌

97,957‌

Bank

of

Hawaii

Corp.

1,100‌

69,047‌

Bank

OZK

2,536‌

109,023‌

BankUnited,

Inc.

2,868‌

104,510‌

Blue

Owl

Capital,

Inc.

7,290‌

141,134‌

Brookline

Bancorp,

Inc.

8,421‌

84,968‌

Columbia

Banking

System,

Inc.

3,157‌

82,429‌

Credit

Agricole

SA

5,182‌

79,160‌

Dime

Community

Bancshares,

Inc.

2,288‌

65,894‌

First

American

Financial

Corp.

581‌

38,352‌

First

Bancorp

4,308‌

91,200‌

First

Busey

Corp.

2,630‌

68,433‌

First

Financial

Bancorp

4,630‌

116,815‌

First

Hawaiian,

Inc.

3,862‌

89,405‌

First

Interstate

BancSystem,

Inc.,

Class

A

4,480‌

137,446‌

FNB

Corp.

13,660‌

192,743‌

Generali

6,987‌

201,802‌

Glacier

Bancorp,

Inc.

2,575‌

117,677‌

Great-West

Lifeco,

Inc.

2,288‌

78,032‌

HA

Sustainable

Infrastructure

Capital,

Inc.

2,139‌

73,731‌

Hana

Financial

Group,

Inc.

1,657‌

74,517‌

Hanmi

Financial

Corp.

4,861‌

90,415‌

Hope

Bancorp,

Inc.

13,076‌

164,235‌

Industrial

Bank

of

Korea

6,325‌

67,580‌

ING

Groep

NV

3,414‌

61,838‌

Intesa

Sanpaolo

SpA

60,540‌

258,575‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Financials

(21.7%):

(continued)

Invesco

Ltd.

6,961‌

122,235‌

Janus

Henderson

Group

PLC

5,129‌

195,261‌

Jefferies

Financial

Group,

Inc.

2,937‌

180,772‌

KBC

Group

NV

1,678‌

133,385‌

Lazard,

Inc.

2,607‌

131,341‌

Legal

&

General

Group

PLC

19,177‌

58,010‌

Mediobanca

Banca

di

Credito

Finanziario

SpA

15,822‌

269,872‌

MGIC

Investment

Corp.

1,658‌

42,445‌

NH

Investment

&

Securities

Co.

Ltd.

2,200‌

22,580‌

NN

Group

NV

3,614‌

180,123‌

Northwest

Bancshares,

Inc.

14,570‌

194,947‌

OceanFirst

Financial

Corp.

4,226‌

78,561‌

Old

Republic

International

Corp.

5,844‌

206,994‌

OneMain

Holdings,

Inc.

3,129‌

147,282‌

Pacific

Premier

Bancorp,

Inc.

4,889‌

123,007‌

Patria

Investments

Ltd.,

Class

A

9,379‌

104,763‌

Popular,

Inc.

1,388‌

139,175‌

Poste

Italiane

SpA

12,196‌

170,899‌

Power

Corp.

of

Canada

6,701‌

211,391‌

Principal

Financial

Group,

Inc.

858‌

73,702‌

Prosperity

Bancshares,

Inc.

1,685‌

121,438‌

Safety

Insurance

Group,

Inc.

1,579‌

129,131‌

Sandy

Spring

Bancorp,

Inc.

4,467‌

140,130‌

Schroders

PLC

8,432‌

39,359‌

Shinhan

Financial

Group

Co.

Ltd.

841‌

35,698‌

Societe

Generale

SA

1,449‌

36,045‌

Southside

Bancshares,

Inc.

3,599‌

120,315‌

Svenska

Handelsbanken

AB,

Class

A

3,439‌

35,316‌

Swedbank

AB,

Class

A

2,005‌

42,523‌

Swiss

Re

AG

1,279‌

176,388‌

Synovus

Financial

Corp.

2,759‌

122,693‌

TFS

Financial

Corp.

5,420‌

69,701‌

The

Bank

of

NT

Butterfield

&

Son

Ltd.

5,330‌

196,570‌

The

Western

Union

Co.

12,383‌

147,729‌

UWM

Holdings

Corp.

5,882‌

50,115‌

Valley

National

Bancorp

8,849‌

80,172‌

Virtu

Financial,

Inc.,

Class

A

3,141‌

95,675‌

Virtus

Investment

Partners,

Inc.

408‌

85,456‌

WesBanco,

Inc.

3,044‌

90,650‌

Westpac

Banking

Corp.

6,790‌

148,870‌

Woori

Financial

Group,

Inc.

7,521‌

89,159‌

XP,

Inc.,

Class

A

2,846‌

51,057‌

8,634,477‌

Health

Care

(

1.0%

):

Baxter

International,

Inc.

2,931‌

111,290‌

Embecta

Corp.

4,604‌

64,917‌

Patterson

Cos.,

Inc.

5,036‌

109,986‌

Premier,

Inc.,

Class

A

5,569‌

111,380‌

397,573‌

Industrials

(

8.7%

):

ACCO

Brands

Corp.

11,117‌

60,810‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

Market

Neutral

ETF

29

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Industrials

(8.7%):

(continued)

ACS

Actividades

de

Construccion

y

Servicios

SA(a)

6,259‌

288,962‌

Adecco

Group

AG

3,547‌

120,636‌

AGCO

Corp.

1,206‌

118,019‌

Allegiant

Travel

Co.

2,461‌

135,503‌

Bouygues

SA

5,922‌

198,132‌

CNH

Industrial

NV

6,948‌

77,123‌

Deluxe

Corp.

7,130‌

138,964‌

Deutsche

Post

AG

2,154‌

95,968‌

Doosan

Bobcat,

Inc.

1,148‌

35,647‌

Douglas

Dynamics,

Inc.

3,422‌

94,379‌

Eiffage

SA

506‌

48,794‌

Ennis,

Inc.

3,586‌

87,211‌

Genco

Shipping

&

Trading

Ltd.

7,824‌

152,568‌

Golden

Ocean

Group

Ltd.

10,800‌

144,504‌

GS

Holdings

Corp.

2,648‌

86,174‌

HNI

Corp.

2,429‌

130,777‌

Insteel

Industries,

Inc.

2,686‌

83,508‌

Komatsu

Ltd.

1,400‌

38,636‌

ManpowerGroup,

Inc.

1,390‌

102,193‌

Matthews

International

Corp.,

Class

A

4,762‌

110,478‌

MSC

Industrial

Direct

Co.,

Inc.

1,080‌

92,945‌

National

Presto

Industries,

Inc.

1,408‌

105,797‌

Paychex,

Inc.

359‌

48,174‌

Randstad

NV

1,695‌

84,140‌

Resources

Connection,

Inc.

15,411‌

149,487‌

Robert

Half,

Inc.

1,632‌

110,013‌

Ryder

System,

Inc.

505‌

73,629‌

Teleperformance

SE

384‌

39,747‌

Transurban

Group(a)

7,337‌

66,587‌

Trinity

Industries,

Inc.

4,319‌

150,474‌

Vinci

SA

292‌

34,108‌

Volvo

AB,

Class

B

2,130‌

56,273‌

Watsco,

Inc.

153‌

75,258‌

3,435,618‌

Materials

(

8.3%

):

Amcor

PLC

10,981‌

124,415‌

Anglo

American

PLC

1,329‌

43,151‌

Ardagh

Metal

Packaging

SA

34,447‌

129,865‌

Arkema

SA

1,110‌

105,629‌

BASF

SE

3,211‌

169,955‌

BHP

Group

Ltd.

3,858‌

122,559‌

Boliden

AB

3,572‌

121,218‌

CRH

PLC

1,046‌

97,006‌

Eastman

Chemical

Co.

2,021‌

226,251‌

Evonik

Industries

AG

10,508‌

245,604‌

FMC

Corp.

927‌

61,126‌

Fortescue

Ltd.

7,587‌

108,449‌

Huntsman

Corp.

2,577‌

62,363‌

International

Paper

Co.

1,478‌

72,200‌

JFE

Holdings,

Inc.

6,900‌

92,114‌

Kaiser

Aluminum

Corp.

1,410‌

102,253‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Materials

(8.3%):

(continued)

LyondellBasell

Industries

NV,

Class

A

1,833‌

175,785‌

Newmont

Corp.

1,129‌

60,345‌

Norsk

Hydro

ASA

11,685‌

75,830‌

Nutrien

Ltd.

1,816‌

87,275‌

Packaging

Corp.

of

America

898‌

193,429‌

Ramaco

Resources,

Inc.,

Class

A

5,278‌

61,753‌

Rio

Tinto

PLC

1,479‌

104,760‌

Ryerson

Holding

Corp.

4,989‌

99,331‌

Sonoco

Products

Co.

2,864‌

156,460‌

Southern

Copper

Corp.

497‌

57,488‌

SunCoke

Energy,

Inc.

12,891‌

111,894‌

The

Mosaic

Co.

3,532‌

94,587‌

The

Scotts

Miracle-Gro

Co.

1,273‌

110,369‌

UPM-Kymmene

Oyj

1,104‌

36,949‌

3,310,413‌

Utilities

(

18.1%

):

Alliant

Energy

Corp.

2,898‌

175,880‌

American

Electric

Power

Co.,

Inc.

1,261‌

129,379‌

APA

Group(a)

11,224‌

60,202‌

Avista

Corp.

5,423‌

210,141‌

Black

Hills

Corp.

3,397‌

207,625‌

Brookfield

Infrastructure

Corp.,

Class

A

2,652‌

115,176‌

Canadian

Utilities

Ltd.,

Class

A

1,837‌

48,781‌

Clearway

Energy,

Inc.,

Class

C

2,574‌

78,970‌

CMS

Energy

Corp.

3,006‌

212,314‌

Consolidated

Edison,

Inc.

2,252‌

234,501‌

DTE

Energy

Co.

1,890‌

242,695‌

EDP

-

Energias

de

Portugal

SA

14,418‌

65,826‌

Emera,

Inc.

5,846‌

230,373‌

Endesa

SA

9,324‌

203,713‌

Enel

SpA

32,149‌

256,735‌

Engie

SA

13,409‌

231,550‌

Entergy

Corp.

1,018‌

133,979‌

Evergy,

Inc.

2,540‌

157,505‌

Eversource

Energy

1,174‌

79,891‌

Fortum

Oyj

9,193‌

151,380‌

IDACORP,

Inc.

1,392‌

143,501‌

National

Fuel

Gas

Co.

2,334‌

141,464‌

NextEra

Energy,

Inc.

1,423‌

120,286‌

NiSource,

Inc.

6,332‌

219,404‌

Northwest

Natural

Holding

Co.

3,686‌

150,463‌

Northwestern

Energy

Group,

Inc.

4,169‌

238,550‌

OGE

Energy

Corp.

3,089‌

126,711‌

ONE

Gas,

Inc.

2,686‌

199,892‌

Origin

Energy

Ltd.

11,888‌

82,252‌

Pinnacle

West

Capital

Corp.

2,291‌

202,960‌

Portland

General

Electric

Co.

5,016‌

240,266‌

Public

Service

Enterprise

Group,

Inc.

2,371‌

211,517‌

Redeia

Corp.

SA

13,395‌

260,455‌

Snam

SpA

26,286‌

133,731‌

Southwest

Gas

Holdings,

Inc.

2,346‌

173,041‌

Spire,

Inc.

3,612‌

243,051‌

Schedule

of

Portfolio

Investments

-

continued

September

30,

2024

(Unaudited)

Timothy

Plan

Market

Neutral

ETF

30

Percentages

indicated

are

based

on

net

assets

as

of

September

30,

2024.

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(18.1%):

(continued)

SSE

PLC(a)

6,909‌

173,900‌

The

Southern

Co.

2,416‌

217,875‌

TXNM

Energy,

Inc.

6,117‌

267,741‌

UGI

Corp.

4,416‌

110,488‌

United

Utilities

Group

PLC

5,825‌

81,406‌

Veolia

Environnement

SA

2,528‌

83,060‌

SECURITY

DESCRIPTION

SHARES

VALUE

($)

Utilities

(18.1%):

(continued)

WEC

Energy

Group,

Inc.

1,662‌

159,851‌

7,208,481‌

Total

Common

Stocks

(Cost

$31,587,458)

35,807,605‌

Total

Investments

(Cost

$31,587,458)

—

90.0%

35,807,605‌

Other

assets

in

excess

of

liabilities

—

10.0%

3,977,939‌

NET

ASSETS

-

100.00%

$

39,785,544‌

(a)

Non-income

producing

security.

Futures

Contracts

Short

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

E-Mini

Russell

2000

Index

12/20/24

92

$

(10,147,856‌)

$

(10,346,320‌)

$

(198,464‌)

Mini

MSCI

EAFE

Index

12/20/24

88

(10,729,349‌)

(10,946,320‌)

(216,971‌)

S&P

500

Index

E-mini

12/20/24

186

(52,925,090‌)

(54,072,525‌)

(1,147,435‌)

$

(1,562,870‌)

Long

Futures

Index

Futures

Expiration

Date

Number

of

Contracts

Notional

Amount

Value

Value

and

Unrealized

Appreciation/

(Depreciation)

NASDAQ

100

E

Mini

Future

Index

12/20/24

91

$

35,968,674‌

$

36,875,475‌

$

906,801‌

$

906,801‌

Total

Net

Futures

Contracts

$

(656,069‌)

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