TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8%      
    AEROSPACE & DEFENSE — 1.8%      
1,265,000   Goat Holdco, LLC(a)   6.7500 02/01/32 $ 1,297,832
2,000,000   TransDigm, Inc.(a)   6.3750 03/01/29   2,032,978
1,250,000   TransDigm, Inc.(a)   6.8750 12/15/30   1,285,634
325,000   TransDigm, Inc.(a)   6.2500 01/31/34   331,890
              4,948,334
    ASSET MANAGEMENT — 1.1%      
3,000,000   FS KKR Capital Corporation   7.5000 08/01/31   2,993,500
             
    AUTOMOTIVE — 4.2%      
2,955,000   Adient Global Holdings Ltd.(a)   7.5000 02/15/33   3,049,989
5,620,000   Aptiv plc / Aptiv Global Financing DAC(b) H15T5Y + 3.385% 6.8750 12/15/54   5,747,057
3,500,000   Goodyear Tire & Rubber Company (The)   5.6250 04/30/33   3,049,400
              11,846,446
    CHEMICALS — 7.9%      
2,175,000   Avient Corporation(a)   7.1250 08/01/30   2,215,153
1,145,000   Avient Corporation(a)   6.2500 11/01/31   1,160,533
2,500,000   Chemours Company (The)(a)   4.6250 11/15/29   2,387,835
2,815,000   Chemours Company (The)(a)   8.0000 01/15/33   2,853,162
1,350,000   INEOS Finance plc(a)   7.5000 04/15/29   1,313,688
5,465,000   Mativ Holdings, Inc.(a)   8.0000 10/01/29   5,431,030
675,000   Tronox, Inc.(a)   4.6250 03/15/29   473,756
905,000   Tronox, Inc.(a)   9.1250 09/30/30   908,748
2,500,000   WR Grace Holdings, LLC(a)   5.6250 08/15/29   2,353,334
1,250,000   WR Grace Holdings, LLC(a)   7.3750 03/01/31   1,256,045
1,345,000   WR Grace Holdings, LLC(a)   6.6250 08/15/32   1,305,261
330,000   WR Grace Holdings, LLC(a)   7.0000 08/01/33   321,214
              21,979,759
    COMMERCIAL SUPPORT SERVICES — 6.0%      
2,525,000   Allied Universal Holdco, LLC(a)   7.8750 02/15/31   2,640,953
125,000   Allied Universal Holdco, LLC/ Allied Universal Finance Corporation(a)   4.6250 06/01/28   122,946
1,625,000   Clean Harbors, Inc.(a)   6.3750 02/01/31   1,648,810
1,500,000   GFL Environmental, Inc.(a)   6.7500 01/15/31   1,545,030
3,000,000   Raven Acquisition Holdings, LLC(a)   6.8750 11/15/31   2,932,983
3,250,000   VT Topco, Inc.(a)   8.5000 08/15/30   3,300,443
 
 

 

TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8% (Continued)      
    COMMERCIAL SUPPORT SERVICES — 6.0% (Continued)      
3,225,000   Waste Pro USA, Inc.(a)   7.0000 02/01/33 $ 3,308,205
1,000,000   Williams Scotsman, Inc.(a)   6.6250 06/15/29   1,021,282
              16,520,652
    CONSTRUCTION MATERIALS — 0.9%      
660,000   Quikrete Holdings, Inc.(a)   6.3750 03/01/32   674,302
975,000   Standard Building Solutions, Inc.(a)   6.2500 08/01/33   968,808
835,000   Standard Industries, Inc.(a)   6.5000 08/15/32   840,571
              2,483,681
    CONSUMER SERVICES — 3.9%      
5,242,000   PROG Holdings, Inc.(a)   6.0000 11/15/29   5,112,680
5,750,000   Upbound Group, Inc.(a)   6.3750 02/15/29   5,703,662
              10,816,342
    CONTAINERS & PACKAGING — 2.4%      
1,250,000   Graphic Packaging International, LLC(a)   3.7500 02/01/30   1,174,655
3,300,000   Mauser Packaging Solutions Holding Company(a)   7.8750 04/15/30   3,375,421
1,750,000   TriMas Corporation(a)   4.1250 04/15/29   1,687,778
238,000   Trivium Packaging Finance BV(a)   8.2500 07/15/30   251,624
300,000   Trivium Packaging Finance BV(a)   12.2500 01/15/31   331,678
              6,821,156
    ELECTRIC UTILITIES — 2.0%      
3,180,000   Alpha Generation, LLC(a)   6.7500 10/15/32   3,239,896
2,200,000   Vistra Corporation(a)(b) H15T5Y + 5.740% 7.0000 06/15/70   2,222,451
250,000   Vistra Operations Company, LLC(a)   4.3750 05/01/29   245,807
              5,708,154
    ELECTRICAL EQUIPMENT — 2.9%      
1,000,000   BWX Technologies, Inc.(a)   4.1250 06/30/28   981,846
1,000,000   BWX Technologies, Inc.(a)   4.1250 04/15/29   969,496
2,750,000   Cyprium Corporation / Cyprium Holdings Luxembourg Sarl(a)   6.3750 04/15/34   2,751,403
700,000   Gates Corporation (The)(a)   6.8750 07/01/29   716,883
1,360,000   WESCO Distribution, Inc.(a)   6.3750 03/15/29   1,387,797
1,360,000   WESCO Distribution, Inc.(a)   6.6250 03/15/32   1,403,232
              8,210,657
    ENGINEERING & CONSTRUCTION — 0.6%      
2,000,000   VM Consolidated, Inc.(a)   5.5000 04/15/29   1,766,101
 
 

 

TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8% (Continued)      
    FOOD — 2.8%      
4,085,000   B&G Foods, Inc.(a)   8.0000 09/15/28 $ 4,094,754
3,500,000   Fiesta Purchaser, Inc.(a)   7.8750 03/01/31   3,532,995
              7,627,749
    HEALTH CARE FACILITIES & SERVICES — 4.2%      
330,000   Charlotte Buyer, Inc.(a)   8.0000 06/30/31   334,489
4,820,000   HAH Group Holding Company, LLC(a)   9.7500 10/01/31   4,305,393
4,590,000   National Mentor Holdings, Inc.(a)   10.5000 12/15/30   4,836,139
1,750,000   Pediatrix Medical Group, Inc.(a)   5.3750 02/15/30   1,730,993
526,000   Tenet Healthcare Corporation   6.1250 10/01/28   528,375
              11,735,389
    HOME CONSTRUCTION — 3.8%      
1,230,000   Ashton Woods USA, LLC / Ashton Woods Finance Company(a)   4.6250 04/01/30   1,172,165
1,545,000   Ashton Woods USA, LLC / Ashton Woods Finance Company(a)   6.8750 08/01/33   1,533,312
2,685,000   Dream Finders Homes, Inc.(a)   6.8750 09/15/30   2,668,508
680,000   STL Holding Company, LLC(a)   8.7500 02/15/29   710,401
2,023,000   Weekley Homes, LLC / Weekley Finance Corporation(a)   4.8750 09/15/28   1,996,673
2,390,000   Weekley Homes, LLC / Weekley Finance Corporation(a)   6.7500 01/15/34   2,399,412
              10,480,471
    HOUSEHOLD PRODUCTS — 1.6%      
4,630,000   Energizer Holdings, Inc.(a)   6.0000 09/15/33   4,460,889
             
    INSTITUTIONAL FINANCIAL SERVICES — 0.6%      
1,576,000   Aretec Group, Inc.(a)   10.0000 08/15/30   1,661,898
             
    INSURANCE — 3.3%      
1,000,000   Acrisure, LLC / Acrisure Finance, Inc.(a)   7.5000 11/06/30   948,312
3,500,000   Acrisure, LLC / Acrisure Finance, Inc.(a)   6.7500 07/01/32   3,148,593
1,065,000   Asurion, LLC and Asurion Co-Issuer, Inc.(a)   8.0000 12/31/32   1,075,277
850,000   Asurion, LLC and Asurion Co-Issuer, Inc.(a)   8.3750 02/01/34   787,654
1,175,000   Baldwin Insurance Group Holdings, LLC / Baldwin Insurance Group Holdings Finance, Inc.(a)   7.1250 05/15/31   1,180,988
1,000,000   HUB International Ltd.(a)   7.2500 06/15/30   1,026,694
 
 

 

TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8% (Continued)      
    INSURANCE — 3.3% (Continued)      
1,000,000   Ryan Specialty, LLC(a)   5.8750 08/01/32 $ 986,333
              9,153,851
    MACHINERY — 0.4%      
1,000,000   Esab Corporation(a)   6.2500 04/15/29   1,014,946
             
    MEDICAL EQUIPMENT & DEVICES — 1.6%      
750,000   Bausch & Lomb Escrow Corporation(a)   8.3750 10/01/28   771,563
325,000   Insulet Corporation(a)   6.5000 04/01/33   329,906
3,300,000   Sotera Health Holdings, LLC(a)   7.3750 06/01/31   3,417,598
              4,519,067
    METALS & MINING — 0.3%      
1,000,000   Kaiser Aluminum Corporation(a)   4.5000 06/01/31   957,874
             
    OIL & GAS PRODUCERS — 4.3%      
1,500,000   Genesis Energy, L.P. / Genesis Energy Finance Corporation   6.7500 03/15/34   1,489,459
600,000   Genesis Energy, L.P. / Genesis Energy Finance Corporation   8.2500 01/15/29   619,936
750,000   Genesis Energy, L.P. / Genesis Energy Finance Corporation   8.8750 04/15/30   785,174
3,800,000   Global Partners, L.P. / GLP Finance Corporation(a)   8.2500 01/15/32   3,981,624
3,375,000   ITT Holdings, LLC(a)   6.5000 08/01/29   3,337,448
1,750,000   Permian Resources Operating, LLC(a)   5.8750 07/01/29   1,750,681
100,000   Permian Resources Operating, LLC(a)   7.0000 01/15/32   103,527
              12,067,849
    REAL ESTATE INVESTMENT TRUSTS — 2.0%      
330,000   Iron Mountain, Inc.(a)   6.2500 01/15/35   331,830
2,500,000   MPT Operating Partnership, L.P. / MPT Finance Corporation   4.6250 08/01/29   2,013,942
1,570,000   MPT Operating Partnership, L.P. / MPT Finance Corporation(a)   8.5000 02/15/32   1,608,217
1,375,000   Service Properties Trust(a)   8.6250 11/15/31   1,449,080
              5,403,069
    REAL ESTATE OWNERS & DEVELOPERS — 1.7%      
1,650,000   Greystar Real Estate Partners, LLC(a)   7.7500 09/01/30   1,722,036
3,299,000   Howard Hughes Corporation (The)(a)   4.3750 02/01/31   3,122,066
              4,844,102
    REAL ESTATE SERVICES — 0.4%      
1,000,000   Newmark Group, Inc.   7.5000 01/12/29   1,048,165
 
 

 

TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8% (Continued)      
    RETAIL - CONSUMER STAPLES — 0.4%      
1,250,000   Ingles Markets, Inc.(a)   4.0000 06/15/31 $ 1,179,520
             
    RETAIL - DISCRETIONARY — 3.7%      
500,000   Academy Ltd.(a)   5.8750 05/15/31   500,671
1,360,000   Builders FirstSource, Inc.(a)   6.3750 03/01/34   1,376,708
1,315,000   Cougar JV Subsidiary, LLC(a)   8.0000 05/15/32   1,379,507
2,000,000   Ken Garff Automotive, LLC(a)   4.8750 09/15/28   1,982,161
1,500,000   Lithia Motors, Inc.(a)   4.3750 01/15/31   1,423,352
1,750,000   Queen MergerCo, Inc.(a)   6.7500 04/30/32   1,808,181
2,050,000   Sonic Automotive, Inc.(a)   4.8750 11/15/31   1,973,980
              10,444,560
    SOFTWARE — 2.3%      
700,000   Clarivate Science Holdings Corporation(a)   3.8750 07/01/28   673,675
3,650,000   Clarivate Science Holdings Corporation(a)   4.8750 07/01/29   3,269,535
2,500,000   UKG, Inc.(a)   6.8750 02/01/31   2,430,167
              6,373,377
    SPECIALTY FINANCE — 16.4%      
1,000,000   AerCap Ireland Capital DAC / Aercap Global Aviation Trust(b) H15T5Y + 2.720% 6.9500 03/10/55   1,036,041
650,000   Arbor Realty SR, Inc.(a)   8.5000 12/15/28   641,300
5,055,000   Arbor Realty SR, Inc.(a)   7.8750 07/15/30   4,761,424
500,000   Burford Capital Global Finance, LLC(a)   6.2500 04/15/28   494,311
1,785,000   Burford Capital Global Finance, LLC(a)   9.2500 07/01/31   1,739,500
1,705,000   Burford Capital Global Finance, LLC(a)   7.5000 07/15/33   1,441,901
500,000   Freedom Mortgage Corporation(a)   6.6250 01/15/27   500,273
2,090,000   Freedom Mortgage Holdings, LLC(a)   6.8750 05/01/31   2,030,817
2,500,000   Freedom Mortgage Holdings, LLC(a)   9.1250 05/15/31   2,587,998
330,000   Freedom Mortgage Holdings, LLC(a)   8.3750 04/01/32   335,942
1,015,000   Freedom Mortgage Holdings, LLC(a)   7.8750 04/01/33   990,396
3,955,000   ILFC E-Capital Trust I(a)(b) TSFR3M + 1.812% 6.4800 12/21/65   3,399,426
3,000,000   ILFC E-Capital Trust II(a)(b) TSFR3M + 2.062% 6.7300 12/21/65   2,631,363
3,970,000   Jefferies Finance, LLC / JFIN Co-Issuer Corporation(a)   6.6250 10/15/31   3,911,274
 
 

 

TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8% (Continued)      
    SPECIALTY FINANCE — 16.4% (Continued)      
2,000,000   Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corporation(a)   7.0000 07/15/31 $ 2,075,362
1,000,000   OneMain Finance Corporation   6.1250 05/15/30   1,000,754
1,000,000   OneMain Finance Corporation   6.7500 09/15/33   991,191
2,200,000   PennyMac Financial Services, Inc.(a)   6.8750 05/15/32   2,154,488
4,050,000   Rithm Capital Corporation(a)   8.0000 04/01/29   4,069,808
2,150,000   Rithm Capital Corporation(a)   8.0000 07/15/30   2,146,272
330,000   Rocket Companies, Inc.(a)   6.1250 08/01/31   337,316
330,000   Rocket Companies, Inc.(a)   6.5000 06/15/34   338,766
820,000   Starwood Property Trust, Inc.(a)   6.0000 04/15/30   823,511
1,300,000   Starwood Property Trust, Inc.(a)   6.5000 07/01/30   1,330,043
655,000   Starwood Property Trust, Inc.(a)   6.5000 10/15/30   670,253
165,000   Starwood Property Trust, Inc.(a)   6.1250 06/01/31   165,975
2,195,000   Velocity Commercial Capital, LLC(a)   9.3750 02/15/31   2,277,359
655,000   Walker & Dunlop, Inc.(a)   6.6250 04/01/33   665,906
              45,548,970
    STEEL — 1.6%      
1,800,000   Commercial Metals Company   4.3750 03/15/32   1,706,176
640,000   Commercial Metals Company(a)   5.7500 11/15/33   636,531
2,004,000   TMS International Corporation(a)   6.2500 04/15/29   2,006,785
              4,349,492
    TECHNOLOGY HARDWARE — 0.9%      
550,000   Ciena Corporation(a)   4.0000 01/31/30   525,227
1,000,000   TTM Technologies, Inc.(a)   4.0000 03/01/29   966,552
1,000,000   Zebra Technologies Corporation(a)   6.5000 06/01/32   1,012,491
              2,504,270
    TECHNOLOGY SERVICES — 1.6%      
1,500,000   Ahead DB Holdings, LLC(a)   6.6250 05/01/28   1,504,638
995,000   CACI International, Inc.(a)   6.3750 06/15/33   1,009,749
2,000,000   Insight Enterprises, Inc.(a)   6.6250 05/15/32   2,034,758
              4,549,145
    TRANSPORTATION & LOGISTICS — 0.2%      
660,000   Stonepeak Nile Parent, LLC(a)   7.2500 03/15/32   683,951
 
 

 

TIMOTHY PLAN HIGH YIELD BOND FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Principal Amount ($)       Spread Coupon Rate (%) Maturity Fair Value
    CORPORATE BONDS — 87.8% (Continued)      
  TOTAL CORPORATE BONDS (Cost $242,036,542)    

$ 244,703,386
             
Shares              
    SHORT-TERM INVESTMENT — 10.6%      
    MONEY MARKET FUND - 10.6%      
29,684,698   Fidelity Investments Money Market Government Portfolio, Class I, 3.52%(c) (Cost $29,684,698)                     29,684,698
             
 
    TOTAL INVESTMENTS - 98.4% (Cost $271,721,240)     $ 274,388,084
    OTHER ASSETS IN EXCESS OF LIABILITIES - 1.6%    

4,489,049
    NET ASSETS - 100.0%        

$ 278,877,133
           
                   

 

BV  - Besloten Vennootschap
DAC  - Designated Activity Company
LLC  - Limited Liability Company
LLLP  - Limited Liability Limited Partnership
L.P.  - Limited Partnership
Ltd.  - Limited Company
plc  - Public Limited Company
Sarl  - Société à responsabilité limitée
   
H15T5Y US Treasury Yield Curve Rate T Note Constant Maturity 5 Year
TSFR3M Term Secured Overnight Financing Rate 3 Month
   
 

 

 

 

(a) Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers.  As of June 30, 2026, the total market value of Rule 144A securities is $221,694,216 or 79.5% of net assets.
(b) Variable rate security; the rate shown represents the rate on June 30, 2026.
(c) Rate disclosed is the seven day effective yield as of June 30, 2026.