TIMOTHY PLAN INTERNATIONAL FUND
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 96.6%      
    AEROSPACE & DEFENSE - 5.4%      
82,000   Safran S.A. - ADR       $ 8,058,140
92,200   Thales S.A. - ADR         4,754,754
             

12,812,894

    APPAREL & TEXTILE PRODUCTS - 2.6%      
264,000   Cie Financiere Richemont S.A. - ADR         6,101,040
             
 
    BANKING - 18.7%      
100,000   Banco Santander S.A. - ADR         1,380,000
6,000   Credicorp Ltd.         2,337,480
27,922   DBS Group Holdings Ltd. - ADR         5,665,095
67,100   ICICI Bank Ltd. - ADR         1,947,913
426,420   Itau Unibanco Holding S.A. - ADR         3,483,851
96,700   KBC Group N.V. - ADR         6,574,633
1,290,000   Lloyds Banking Group plc - ADR         7,520,700
318,000   Sumitomo Mitsui Financial Group, Inc. - ADR         7,498,440
176,000   UniCredit SpA - ADR         7,868,959
             

44,277,071

    BIOTECH & PHARMA - 5.9%      
6,000   Argenx S.E. - ADR(a)         5,566,620
137,000   Genmab A/S - ADR(a)         3,763,390
32,000   UCB S.A. - ADR         4,795,840
             

14,125,850

    CHEMICALS - 1.6%      
93,898   Air Liquide S.A. - ADR         3,707,101
             
 
    CONSTRUCTION MATERIALS - 1.4%      
32,000   CRH plc         3,424,000
             
 
    DIVERSIFIED INDUSTRIALS - 1.8%      
153,000   Hitachi Ltd. - ADR         4,230,450
             
 
    E-COMMERCE DISCRETIONARY - 0.7%      
16,800   Sea Ltd. - ADR(a)         1,609,944
             
 
 
 

 

TIMOTHY PLAN INTERNATIONAL FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 96.6% (Continued)      
    ELECTRIC UTILITIES - 4.0%      
463,000   Enel SpA - ADR       $ 5,292,090
40,700   Iberdrola S.A. - ADR         4,065,930
             

9,358,020

    ELECTRICAL EQUIPMENT - 6.2%      
84,000   ABB Ltd. - ADR         9,130,800
150,000   Siemens Energy A.G. - ADR         5,721,000
             

14,851,800

    ENGINEERING & CONSTRUCTION - 1.1%      
74,500   Vinci S.A. - ADR         2,716,643
             
 
    FOOD - 0.7%      
47,000   Ajinomoto Company, Inc. - ADR         1,711,035
             
 
    HOUSEHOLD PRODUCTS - 1.1%      
268,000   Haleon plc - ADR         2,500,440
             
 
    INDUSTRIAL SUPPORT SERVICES - 1.6%      
53,600   Sunbelt Rentals Holdings, Inc.         4,009,816
             
 
    INSURANCE - 3.3%      
265,000   Muenchener Rueckversicherungs-Gesellschaft A.G. in Muenchen - ADR         2,968,000
109,000   Tokio Marine Holdings, Inc. - ADR         4,829,790
             

7,797,790

    INTERNET MEDIA & SERVICES - 1.9%      
518,181   Prosus N.V. - ADR         4,508,175
             
 
    MACHINERY - 4.2%      
244,000   Atlas Copco A.B. - ADR         4,323,680
66,150   Techtronic Industries Company Ltd. - ADR         5,516,910
             

9,840,590

    MEDICAL EQUIPMENT & DEVICES - 4.8%      
61,500   Alcon, Inc.         4,126,650
35,200   Hoya Corporation - ADR         5,674,240
 
 

 

TIMOTHY PLAN INTERNATIONAL FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 96.6% (Continued)      
    MEDICAL EQUIPMENT & DEVICES - 4.8% (Continued)      
55,400   Smith & Nephew plc - ADR       $ 1,596,074
             

11,396,964

    METALS & MINING - 4.4%      
53,000   BHP Group Ltd. - ADR         4,415,430
41,600   Cameco Corporation         4,237,376
20,300   Rio Tinto plc - ADR         1,927,079
             

10,579,885

    OIL & GAS PRODUCERS - 3.3%      
117,600   Canadian Natural Resources Ltd.         4,645,200
95,000   Equinor ASA - ADR         2,983,000
             

7,628,200

    SEMICONDUCTORS - 10.6%      
7,410   ASM International N.V. - ADR         8,513,053
30,000   Infineon Technologies A.G. - ADR         2,818,800
7,500   NXP Semiconductors N.V.         2,107,725
24,800   Taiwan Semiconductor Manufacturing Company Ltd. - ADR         11,843,736
             

25,283,314

    SOFTWARE - 3.5%      
29,500   Nebius Group N.V.(a)         8,147,015
             
 
    SPECIALTY FINANCE - 2.6%      
161,000   ORIX Corporation - ADR         6,124,440
             
 
    TECHNOLOGY HARDWARE - 1.0%      
213,328   FUJIFILM Holdings Corporation - ADR         2,280,476
             
 
    TRANSPORTATION & LOGISTICS - 2.4%      
28,800   Canadian Pacific Kansas City Ltd.         2,495,520
46,000   Ryanair Holdings plc - ADR         2,978,500
             

5,474,020

    WHOLESALE - CONSUMER STAPLES - 1.8%      
371,000   ITOCHU Corporation - ADR         4,229,400
             
 
 
 

 

TIMOTHY PLAN INTERNATIONAL FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
June 30, 2026
 
Shares             Fair Value
    COMMON STOCKS — 96.6% (Continued)      
    TOTAL COMMON STOCKS (Cost $125,846,308)    

$ 228,726,373
               
    SHORT-TERM INVESTMENT — 3.1%      
    MONEY MARKET FUND - 3.1%      
7,390,836   Fidelity Investments Money Market Government Portfolio, Class I, 3.52%(b) (Cost $7,390,836)                       7,390,836
             
 
    TOTAL INVESTMENTS - 99.7% (Cost $133,237,144)     $ 236,117,209
    OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3%    

777,907
    NET ASSETS - 100.0%        

$ 236,895,116
           
               
 
                   

 

 

 

A.B.  - Aktiebolag
ADR  - American Depositary Receipt
A.G.  - Aktiengesellschaft
A/S  - Anonim Sirketi
ASA  - Allmennaksjeselskap
Ltd.  - Limited Company
N.V.  - Naamioze Vennootschap
plc  - Public Limited Company
S.A.  - Société Anonyme
S.E.    - Societas Europaea
SpA  - Societa per Azioni
 

 

 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of June 30, 2026.

 

 

 

 
 

 

 
TIMOTHY PLAN INTERNATIONAL FUND
SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
JUNE 30, 2026
               
Diversification of Assets
Country         % of Net Assets
Japan         15.4%
Netherlands         12.2%
Switzerland         8.2%
France         8.1%
United Kingdom         5.7%
Italy         5.5%
Taiwan Province of China         5.0%
Germany         4.9%
Canada         4.8%
Belgium         4.8%
Ireland         2.7%
Singapore         2.4%
Hong Kong         2.3%
Spain         2.3%
Australia         1.9%
Sweden         1.8%
United States         1.7%
Denmark         1.6%
Brazil         1.5%
Norway         1.3%
Bermuda         1.0%
India         0.8%
Cayman Islands         0.7%
Total         96.6%
Money Market Fund         3.1%
Other Assets in Excess of Liabilities         0.3%
Grand Total         100.0%