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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CAMTEK LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ELCO LTD</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AZRIELI GROUP LTD</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PALO ALTO NETWORKS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AURA INVESTMENTS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>DANEL (ADIR YEOSHUA) LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FATTAL HOLDINGS (1998) LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ONE SOFTWARE TECHNOLOGIES LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KENON HOLDINGS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>DELTA GALIL INDUSTRIES LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>TEL AVIV STOCK EXCHANGE LTD (THE)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FIDELITY COLCHESTER STREET TRUST</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ISRAEL CORP LTD</name>
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        <name>ENERGIXS-RENEWABLE ENERGIES LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOX-WIZEL LTD</name>
        <lei>984500CD14C1DFBH7712</lei>
        <title>FOX WIZEL LTD</title>
        <cusip>M4661N107</cusip>
        <identifiers>
          <isin value="IL0010870223"/>
        </identifiers>
        <balance>23000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97660000"/>
        <valUSD>2181314.25000000</valUSD>
        <pctVal>1.063991540526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELBIT SYSTEMS LTD</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>ELBIT SYSTEMS</title>
        <cusip>M3760D101</cusip>
        <identifiers>
          <isin value="IL0010811243"/>
        </identifiers>
        <balance>17101.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12974870.72000000</valUSD>
        <pctVal>6.328823407956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>G CITY LTD</name>
        <lei>213800EO12XXGZSQ2A73</lei>
        <title>G CITY LTD</title>
        <cusip>M4793C102</cusip>
        <identifiers>
          <isin value="IL0001260111"/>
        </identifiers>
        <balance>117674.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97660000"/>
        <valUSD>440397.89000000</valUSD>
        <pctVal>0.214815279103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGEAN PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN PLC</title>
        <cusip>G303AF106</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
        </identifiers>
        <balance>74968.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75391000"/>
        <valUSD>679665.05000000</valUSD>
        <pctVal>0.331523925812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEONARDO DRS INC</name>
        <lei>549300HMMEWVG3PPQU18</lei>
        <title>LEONARDO DRS INC</title>
        <cusip>52661A108</cusip>
        <identifiers>
          <isin value="US52661A1088"/>
        </identifiers>
        <balance>97000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4138990.00000000</valUSD>
        <pctVal>2.018897711012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK LEUMI LE - ISRAEL BM</name>
        <lei>7JDSZWRGUQY2DSTWCR57</lei>
        <title>BANK LEUMI LE-IS</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
        </identifiers>
        <balance>478000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97660000"/>
        <valUSD>10683780.15000000</valUSD>
        <pctVal>5.211285673509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOWER SEMICONDUCTOR LTD</name>
        <lei>54930086ZSNXZOUX0C54</lei>
        <title>TOWER SEMICONDCT</title>
        <cusip>M87915274</cusip>
        <identifiers>
          <isin value="IL0010823792"/>
        </identifiers>
        <balance>60323.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15722586.72000000</valUSD>
        <pctVal>7.669091817136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGEAN PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN PLC</title>
        <cusip>G303AF106</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
        </identifiers>
        <balance>102000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97660000"/>
        <valUSD>918020.56000000</valUSD>
        <pctVal>0.447787892033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAX STOCK LTD</name>
        <lei>N/A</lei>
        <title>MAX STOCK LTD</title>
        <cusip>M6S71H109</cusip>
        <identifiers>
          <isin value="IL0011685588"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97660000"/>
        <valUSD>2725005.04000000</valUSD>
        <pctVal>1.329190560439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVA LTD</name>
        <lei>529900B2DSWE5V3SC292</lei>
        <title>NOVA LTD</title>
        <cusip>M7516K103</cusip>
        <identifiers>
          <isin value="IL0010845571"/>
        </identifiers>
        <balance>20900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11347446.00000000</valUSD>
        <pctVal>5.535005582338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>TIMOTHY PLAN</ncom:nameOfApplicant>
      <ncom:signature>Arthur D. Ally</ncom:signature>
      <ncom:signerName>Arthur D. Ally</ncom:signerName>
      <ncom:title>President &amp; Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
