# EDGAR Filing Document

**Accession Number:** 0000916490
**File Stem:** 0000910472-26-003266
**Filing Date:** 2026-2
**Character Count:** 26505
**Document Hash:** a1e28db8f318d360754cf4e518e9eaf1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003266.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003266

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIMOTHY PLAN
- **CENTRAL INDEX KEY:** 0000916490

**ORGANIZATION NAME:**
- **EIN:** 597016828
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08228
- **FILM NUMBER:** 26694042

**BUSINESS ADDRESS:**
- **STREET 1:** 1055 MAITLAND CENTER COMMONS
- **CITY:** MAITLAND
- **STATE:** FL
- **ZIP:** 32751
- **BUSINESS PHONE:** 4076441986

**MAIL ADDRESS:**
- **STREET 1:** 1055 MAITLAND CENTER COMMONS
- **CITY:** MAITLAND
- **STATE:** FL
- **ZIP:** 32751

## Series and Classes Contracts Data

### Timothy Plan Israel Common Values Fund (Series ID: S000033751)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000104306 | Timothy Plan Israel Common Values Fund Class A | TPAIX           |
| C000104307 | Timothy Plan Israel Common Values Fund Class C | TPCIX           |
| C000127003 | Timothy Plan Israel Common Values Fund Class I | TICIX           |

## Nport-Ex

---

| |
|:---|
| **TIMOTHY PLAN ISRAEL COMMON VALUES FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.5%** |  |
|  | **AEROSPACE & DEFENSE - 7.8%** |  |
| 17101 | Elbit Systems Ltd. | $9879419 |
| 97000 | Leonardo DRS, Inc. | 3306730 |
|  |  | 13186149 |
|  | **APPAREL & TEXTILE PRODUCTS - 2.0%** |  |
| 23816 | Delta Galil Ltd. | 1299897 |
| 23000 | Fox Wizel Ltd. | 2261667 |
|  |  | 3561564 |
|  | **BANKING - 15.5%** |  |
| 478000 | Bank Leumi Le-Israel BM | 10531873 |
| 45300 | First International Bank of Israel Ltd. | 3561611 |
| 527000 | Israel Discount Bank Ltd., Class A | 5594030 |
| 95000 | Mizrahi Tefahot Bank Ltd. | 6631305 |
|  |  | 26318819 |
|  | **ELECTRIC UTILITIES - 1.3%** |  |
| 19400 | Ormat Technologies, Inc. | 2143158 |
|  | **ELECTRICAL EQUIPMENT - 2.0%** |  |
| 31400 | Camtek Ltd.<sup>(a)</sup> | 3339233 |
|  | **ENGINEERING & CONSTRUCTION - 0.6%** |  |
| 167173 | Shikun & Binui Ltd.<sup>(a)</sup> | 965438 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.1%** |  |
| 12769 | Danel Adir Yeoshua Ltd. | 1891644 |
|  | **HOME CONSTRUCTION - 0.8%** |  |
| 200000 | Aura Investments Ltd. | 1278052 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 6.5%** |  |
| 365194 | Tel Aviv Stock Exchange Ltd. | 10877534 |
|  | **INSURANCE - 8.8%** |  |
| 80000 | Harel Insurance Investments & Financial Services Ltd. | 3121057 |
| 693628 | Migdal Insurance & Financial Holdings Ltd. | 3365710 |

---

---

| |
|:---|
| **TIMOTHY PLAN ISRAEL COMMON VALUES FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.5% (Continued)** |  |
|  | **INSURANCE - 8.8% (Continued)** |  |
| 199400 | Phoenix Holdings Ltd. (The) | $8248618 |
|  |  | 14735385 |
|  | **INTERNET MEDIA & SERVICES - 0.4%** |  |
| 30000 | Fiverr International Ltd.<sup>(a)</sup> | 592800 |
|  | **LEISURE FACILITIES & SERVICES - 1.7%** |  |
| 13735 | Fattal Holdings 1998 Ltd.<sup>(a)</sup> | 2808560 |
|  | **MEDICAL EQUIPMENT & DEVICES - 0.9%** |  |
| 81303 | Brainsway Ltd. - ADR<sup>(a)</sup> | 1546383 |
|  | **OIL & GAS PRODUCERS - 6.8%** |  |
| 74968 | Energean plc | 895376 |
| 102000 | Energean plc | 1267757 |
| 5600 | Israel Corp Ltd. (The) | 1617024 |
| 1100000 | Isramco Negev 2, L.P. | 847588 |
| 475000 | Newmed Energy, L.P. | 2688004 |
| 8000 | Paz Oil Company Ltd. | 1795298 |
| 1600000 | Ratio Energies Finance, L.P. | 2397414 |
|  |  | 11508461 |
|  | **REAL ESTATE INVESTMENT TRUSTS - 3.7%** |  |
| 12000 | Big Shopping Centers Ltd. | 2880889 |
| 399000 | Reit 1 Ltd. | 3407548 |
|  |  | 6288437 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 11.3%** |  |
| 312000 | Amot Investments Ltd. | 2448134 |
| 44000 | Azrieli Group Ltd. | 4978501 |
| 40000 | Elco Ltd. | 2302501 |
| 117674 | G City Ltd. | 295468 |
| 160000 | Gav-Yam Lands Corp Ltd. | 1935407 |
| 27380 | Melisron Ltd. | 3551664 |
| 703430 | Mivne Real Estate KD Ltd. | 3441974 |
| 14226 | Orion Retail Properties Ltd.<sup>(a)</sup> | 12395 |
|  |  | 18966044 |

---

---

| |
|:---|
| **TIMOTHY PLAN ISRAEL COMMON VALUES FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.5% (Continued)** |  |
|  | **RENEWABLE ENERGY - 0.9%** |  |
| 296360 | Energix-Renewable Energies Ltd. | $1495705 |
|  | **RETAIL - CONSUMER STAPLES - 2.7%** |  |
| 18700 | Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. | 2064213 |
| 195000 | Shufersal Ltd. | 2433446 |
|  |  | 4497659 |
|  | **SEMICONDUCTORS - 8.5%** |  |
| 21900 | Nova Ltd.<sup>(a)</sup> | 7191740 |
| 60323 | Tower Semiconductor Ltd.<sup>(a)</sup> | 7083127 |
|  |  | 14274867 |
|  | **SOFTWARE - 8.2%** |  |
| 13400 | CyberArk Software Ltd.<sup>(a)</sup> | 5977204 |
| 29935 | Hilan Ltd. | 2479472 |
| 51000 | Oddity Tech Ltd.<sup>(a)</sup> | 2049180 |
| 41000 | One Software Technologies Ltd. | 1132548 |
| 67200 | Varonis Systems, Inc.<sup>(a)</sup> | 2204160 |
|  |  | 13842564 |
|  | **TECHNOLOGY HARDWARE - 2.4%** |  |
| 61348 | Next Vision Stabilized Systems Ltd. | 4041601 |
|  | **TECHNOLOGY SERVICES - 2.6%** |  |
| 72783 | Magic Software Enterprises Ltd. | 1874162 |
| 56210 | Matrix IT Ltd. | 2462860 |
|  |  | 4337022 |
|  | **TOTAL COMMON STOCKS (Cost $51,138,436)** | 162497079 |

---

---

| |
|:---|
| **TIMOTHY PLAN ISRAEL COMMON VALUES FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 3.5%** |  |
|  | **MONEY MARKET FUND - 3.5%** |  |
| 5907258 | Fidelity Investments Money Market Government Portfolio, Class I, 3.64%<sup>(b)</sup><br> (Cost $5,907,258) | $5907258 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $57,045,694)** | $168404337 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - 0.0%<sup>(c)</sup>** | (81723) |
|  | **NET ASSETS - 100.0%** | $168322614 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| L.P. | - Limited Partnership |
| Ltd. | - Limited Company |
| plc | - Public Limited Company |
| REIT | - Real Estate Investment Trust |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Rate disclosed is the seven day effective yield as of December 31, 2025.

<sup>(c)</sup> Percentage rounds to less than 0.1%.

---

| |
|:---|
| **SCHEDULE OF INVESTMENTS** |
| **TIMOTHY PLAN ISRAEL COMMON VALUES FUND (Unaudited) (Continued)** |
| **DECEMBER 31, 2025** |

---

---

| | |
|:---|:---|
| Diversification of Assets | Diversification of Assets |
| Country | % of Net Assets |
| Israel | 90.7% |
| United States | 4.5% |
| United Kingdom | 1.3% |
| Total | 96.5% |
| Money Market Fund | 3.5% |
| Liabilities in Excess of Other Assets | 0.0 % <sup>(c)</sup> |
| Grand Total | 100.0% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** TIMOTHY PLAN

- **b. Investment Company Act file number:** 811-08228

- **c. CIK number of Registrant:** 0000916490

- **d. LEI of Registrant:** 549300TW26XMX8DL8P98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1055 MAITLAND CENTER COMMONS

  - **City:** MAITLAND

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 32759

  - **Telephone number:** 407-644-1986

**Item A.2. Information about the Series.**

- **a. Name of Series:** Timothy Plan Israel Common Values Fund

- **b. EDGAR series identifier (if any):** S000033751

- **c. LEI of Series:** 54930080J8HJH82OK753

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $168536838.06

**Total Liabilities:** $214223.90

**Net Assets:** $168322614.16

**Cash Not Reported:** $0.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000104306 | 1.99%                | -0.05%               | 6.26%                |
| Class ID C000104307 | 1.92%                | -0.12%               | 6.18%                |
| Class ID C000127003 | 2.01%                | -0.03%               | 6.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $303501.35               | $3015077.29                                |
| Month 2  | $38936.91                | $-259112.49                                |
| Month 3  | $2451059.87              | $7409623.14                                |

### Schedule of Portfolio Investments

| Name                                                   | Title              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Brainsway Ltd                                          | BRAINSWAY-ADR      | CUSIP: 10501L106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     81303 | NS      | $1546383.06   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust                       | FID-MM GOVT-I      | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   5907258 | PA      | $5907257.68   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                                       | LEONARDO DRS INC   | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     97000 | NS      | $3306730.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Magic Software Enterprises Ltd.                        | MAGIC SOFTWARE     | CUSIP: 559166103<br>LEI: 529900PT36UHAIVEFN60 | Long             | EC               | CORP              | IL        |     72783 | NS      | $1874162.25   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aura Investments Ltd.                                  | AURA INVEST LTD    | CUSIP: M15346105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    200000 | NS      | $1278051.54   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Leumi Le-Israel BM                                | BANK LEUMI LE-IS   | CUSIP: M16043107<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |    478000 | NS      | $10531872.82  | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Gav-Yam Lands Corp Ltd.                                | GAV-YAM LANDS CO   | CUSIP: M1971K112<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    160000 | NS      | $1935406.92   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First International Bank Of Israel Ltd (The)           | FIBI BANK          | CUSIP: M1648G106<br>LEI: 2138002RV6AUUX19F397 | Long             | EC               | CORP              | IL        |     45300 | NS      | $3561611.37   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Shikun & Binui Ltd.                                    | SHIKUN & BINUI LTD | CUSIP: M8391N105<br>LEI: 2138004NVQ51G35LN253 | Long             | EC               | CORP              | IL        |    167173 | NS      | $965438.37    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmed Energy Limited Partnership                      | NEWMED ENERGY LP   | CUSIP: M27612122<br>LEI: 254900EDPHTRQ6GMIQ78 | Long             | EP               | CORP              | IL        |    475000 | NS      | $2688004.14   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Danel-Adir Yehoshu                                     | DANEL (ADIR PER)   | CUSIP: M27013107<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     12769 | NS      | $1891644.33   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Galil Industries Ltd.                            | DELTA GALIL LTD    | CUSIP: M2778B107<br>LEI: 213800THWVY4MIDWYH93 | Long             | EC               | CORP              | IL        |     23816 | NS      | $1299897.18   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilan Ltd                                              | HILAN LTD          | CUSIP: M5299H123<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     29935 | NS      | $2479472.24   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Elco Ltd.                                              | ELCO LTD           | CUSIP: M3787F105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     40000 | NS      | $2302501.49   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Harel Insurance Investments & Financial Services Ltd.  | HAREL INSURANCE    | CUSIP: M52635105<br>LEI: 213800BDNN3W11SXXD60 | Long             | EC               | CORP              | IL        |     80000 | NS      | $3121057.09   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Mivne Real Estate (K.D) Ltd                            | MIVNE REAL ESTAT   | CUSIP: M5514Q106<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    703430 | NS      | $3441974.45   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Israel Discount Bank Ltd.                              | ISRAEL DISCOUN-A   | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |    527000 | NS      | $5594030.32   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Financial Ltd.                                 | PHOENIX FINANCE    | CUSIP: M7918D145<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |    199400 | NS      | $8248617.43   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Isramco Negev 2 LP                                     | ISRAMCO NEGEV      | CUSIP: M6143Z129<br>LEI: 213800N8SB4D3Y6BFI15 | Long             | EP               | CORP              | IL        |   1100000 | NS      | $847587.96    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Migdal Insurance & Financial Holdings Ltd.             | MIGDAL INSURANCE   | CUSIP: M70079120<br>LEI: 549300W4Y1WPXVCYYE42 | Long             | EC               | CORP              | IL        |    693628 | NS      | $3365710.08   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox-Wizel Ltd                                          | FOX WIZEL LTD      | CUSIP: M4661N107<br>LEI: 984500CD14C1DFBH7712 | Long             | EC               | CORP              | IL        |     23000 | NS      | $2261667.87   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Melisron Ltd.                                          | MELISRON           | CUSIP: M5128G106<br>LEI: 213800B9SL62L9VLO604 | Long             | EC               | CORP              | IL        |     27380 | NS      | $3551663.67   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| G City Ltd                                             | G CITY LTD         | CUSIP: M4793C102<br>LEI: 213800EO12XXGZSQ2A73 | Long             | EC               | CORP              | IL        |    117674 | NS      | $295468.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ratio Energies LP                                      | RATIO ENERGIES F   | CUSIP: M8204A100<br>LEI: 984500B54B3D0958E560 | Long             | EP               | CORP              | IL        |   1600000 | NS      | $2397413.77   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix IT Ltd.                                         | MATRIX IT LTD      | CUSIP: M6859E153<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     56210 | NS      | $2462859.30   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Shufersal Ltd.                                         | SHUFERSAL LTD      | CUSIP: M8411W101<br>LEI: 984500F64E05B78E0D41 | Long             | EC               | CORP              | IL        |    195000 | NS      | $2433445.28   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                                | ORMAT TECHNOLOGI   | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     19400 | NS      | $2143157.77   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Israel Corp Ltd.                                       | ISRAEL CORP LTD    | CUSIP: M8785N109<br>LEI: 213800VASRTF37M7LO42 | Long             | EC               | CORP              | IL        |      5600 | NS      | $1617023.95   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizrahi Tefahot Bank Limited                           | MIZRAHI TEFAHOT    | CUSIP: M7031A135<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     95000 | NS      | $6631304.73   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| One Software Technologies Ltd                          | ONE SOFTWARE TEC   | CUSIP: M75260113<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     41000 | NS      | $1132547.63   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                                    | VARONIS SYSTEMS    | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     67200 | NS      | $2204160.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Amot Investments Limited                               | AMOT INVESTMENTS   | CUSIP: M1035R103<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    312000 | NS      | $2448134.08   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BIG Shopping Centers                                   | BIG SHOPPING CEN   | CUSIP: M2014C109<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     12000 | NS      | $2880888.86   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Paz Retail & Energy Ltd.                               | PAZ ENERGY         | CUSIP: M7846U102<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      8000 | NS      | $1795298.33   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Reit 1 Ltd                                             | REIT 1 LTD         | CUSIP: M8209Q100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    399000 | NS      | $3407548.41   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rami Levi Chain Stores Hashikma Marketing 2006 Limited | RAMY LEVI CHAIN    | CUSIP: M8194J103<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     18700 | NS      | $2064213.30   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Energix Renewable Energies Ltd.                        | ENERGIX-RENEWAB    | CUSIP: M4047G115<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    296360 | NS      | $1495704.86   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Azrieli Group                                          | AZRIELI GROUP      | CUSIP: M1571Q105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     44000 | NS      | $4978500.36   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Energean PLC                                           | ENERGEAN PLC       | CUSIP: G303AF106<br>LEI: 549300RVMKU0CYUZBB05 | Long             | EC               | CORP              | GB        |     74968 | NS      | $895375.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fattal Holdings 1998 Ltd                               | FATTAL HOLDINGS    | CUSIP: M4148G105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     13735 | NS      | $2808559.84   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Energean PLC                                           | ENERGEAN PLC       | CUSIP: G303AF106<br>LEI: 549300RVMKU0CYUZBB05 | Long             | EC               | CORP              | GB        |    102000 | NS      | $1267756.82   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd                            | TEL AVIV STOCK E   | CUSIP: M8T8DG101<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    365194 | NS      | $10877533.85  | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Next Vision Stabilized Systems Ltd                     | NEXT VISION STAB   | CUSIP: M7S8CE118<br>LEI: 2549001OCAI48UYCZD40 | Long             | EC               | CORP              | IL        |     61348 | NS      | $4041601.08   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Retail Properties Ltd.                           | ORION RETAIL PRO   | CUSIP: M75542114<br>LEI: 213800EO12XXGZSQ2A73 | Long             | EC               | CORP              | IL        |     14226 | NS      | $12394.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Limited                                         | CAMTEK LTD         | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     31400 | NS      | $3339233.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyberark Software Ltd.                                 | CYBERARK SOFTWAR   | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |     13400 | NS      | $5977204.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd                                      | ELBIT SYSTEMS      | CUSIP: M3760D101<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |     17101 | NS      | $9879418.71   | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiverr International Ltd                               | FIVERR INTERNATI   | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | IL        |     30000 | NS      | $592800.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                               | NOVA LTD           | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |     21900 | NS      | $7191741.00   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Oddity Tech Ltd.                                       | ODDITY TECH LTD    | CUSIP: M7518J104<br>LEI: 254900QH12XZS53G0V57 | Long             | EC               | CORP              | IL        |     51000 | NS      | $2049180.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited                            | TOWER SEMICONDCT   | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     60323 | NS      | $7083126.66   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** TIMOTHY PLAN

**Signature:** Arthur D. Ally

**Name of Signer:** Arthur D. Ally

**Title:** President & Treasurer