# EDGAR Filing Document

**Accession Number:** 0000916490
**File Stem:** 0000910472-26-003265
**Filing Date:** 2026-2
**Character Count:** 25865
**Document Hash:** 2e87dabfc6d1f6c91b6f8c5ff0fdcaf8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003265.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003265

**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:** 26694030

**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 International Fund (Series ID: S000017790)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000049121 | Timothy Plan International Fund Class A | TPIAX           |
| C000065170 | Timothy Plan International Fund Class C | TPICX           |
| C000127000 | Timothy Plan International Fund Class I | TPIIX           |

## Nport-Ex

---

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

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.8%** |  |
|  | **AEROSPACE & DEFENSE - 5.7%** |  |
| 82000 | Safran S.A. - ADR | $7138100 |
| 92200 | Thales S.A. - ADR | 4981566 |
|  |  | 12119666 |
|  | **APPAREL & TEXTILE PRODUCTS - 2.3%** |  |
| 219000 | Cie Financiere Richemont S.A. - ADR | 4715070 |
|  | **BANKING - 18.1%** |  |
| 38922 | DBS Group Holdings Ltd. - ADR | 6835092 |
| 38600 | HDFC Bank Ltd. - ADR | 1410444 |
| 67100 | ICICI Bank Ltd. - ADR | 1999580 |
| 426420 | Itau Unibanco Holding S.A. - ADR | 3053167 |
| 96700 | KBC Group N.V. - ADR | 6307258 |
| 980000 | Lloyds Banking Group plc - ADR | 5194000 |
| 297000 | Sumitomo Mitsui Financial Group, Inc. - ADR | 5741010 |
| 176000 | UniCredit SpA - ADR | 7298720 |
|  |  | 37839271 |
|  | **BIOTECH & PHARMA - 4.4%** |  |
| 5500 | Argenx S.E. - ADR<sup>(a)</sup> | 4625225 |
| 142000 | Genmab A/S - ADR<sup>(a)</sup> | 4373600 |
|  |  | 8998825 |
|  | **CHEMICALS - 1.5%** |  |
| 85362 | Air Liquide S.A. - ADR | 3206197 |
|  | **CONSTRUCTION MATERIALS - 3.4%** |  |
| 57000 | CRH plc | 7113600 |
|  | **DIVERSIFIED INDUSTRIALS - 2.1%** |  |
| 138000 | Hitachi Ltd. - ADR | 4305600 |
|  | **ELECTRIC UTILITIES - 3.6%** |  |
| 438000 | Enel - SpA - ADR | 4546440 |
| 35200 | Iberdrola S.A. - ADR | 3041280 |
|  |  | 7587720 |

---

---

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

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.8% (Continued)** |  |
|  | **ELECTRICAL EQUIPMENT - 3.0%** |  |
| 84000 | ABB Ltd. - ADR | $6213480 |
|  | **ENGINEERING & CONSTRUCTION - 2.1%** |  |
| 124500 | Vinci S.A. - ADR | 4382400 |
|  | **ENTERTAINMENT CONTENT - 0.9%** |  |
| 14300 | Sea Ltd. - ADR<sup>(a)</sup> | 1824251 |
|  | **FOOD - 0.5%** |  |
| 47000 | Ajinomoto Company, Inc. - ADR | 987470 |
|  | **HOUSEHOLD PRODUCTS - 1.5%** |  |
| 318000 | Haleon plc - ADR | 3214980 |
|  | **INDUSTRIAL SUPPORT SERVICES - 1.8%** |  |
| 53600 | Ashtead Group plc - ADR | 3791664 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.5%** |  |
| 169000 | London Stock Exchange Group plc - ADR<sup>(a)</sup> | 5166330 |
|  | **INSURANCE - 3.8%** |  |
| 297000 | Muenchener Rueckversicherungs-Gesellschaft A.G. in Muenchen- ADR | 3917430 |
| 109000 | Tokio Marine Holdings, Inc. - ADR | 4030820 |
|  |  | 7948250 |
|  | **INTERNET MEDIA & SERVICES - 2.8%** |  |
| 472181 | Prosus N.V. - ADR | 5836157 |
|  | **MACHINERY - 3.7%** |  |
| 244000 | Atlas Copco A.B. - ADR | 3904000 |
| 66150 | Techtronic Industries Company Ltd. - ADR | 3808917 |
|  |  | 7712917 |
|  | **MEDICAL EQUIPMENT & DEVICES - 5.7%** |  |
| 63500 | Alcon A.G. | 5004435 |
| 34000 | Hoya Corporation - ADR | 5156100 |

---

---

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

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.8% (Continued)** |  |
|  | **MEDICAL EQUIPMENT & DEVICES - 5.7% (Continued)** |  |
| 55400 | Smith & Nephew plc - ADR | $1817674 |
|  |  | 11978209 |
|  | **METALS & MINING - 0.8%** |  |
| 20300 | Rio Tinto plc - ADR | 1624609 |
|  | **OIL & GAS PRODUCERS - 3.7%** |  |
| 142600 | Canadian Natural Resources Ltd. | 4827010 |
| 123000 | Equinor ASA - ADR | 2906490 |
|  |  | 7733500 |
|  | **SEMICONDUCTORS - 7.7%** |  |
| 7410 | ASM International N.V. - ADR | 4471416 |
| 28000 | Infineon Technologies A.G. - ADR | 1231440 |
| 9300 | NXP Semiconductors N.V. | 2018658 |
| 26800 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | 8144252 |
|  |  | 15865766 |
|  | **SOFTWARE - 2.9%** |  |
| 71500 | Nebius Group N.V., Class A<sup>(a)</sup> | 5984908 |
|  | **SPECIALTY FINANCE - 2.1%** |  |
| 149000 | ORIX Corporation - ADR | 4353780 |
|  | **TECHNOLOGY HARDWARE - 1.8%** |  |
| 363328 | FUJIFILM Holdings Corporation - ADR | 3840377 |
|  | **TECHNOLOGY SERVICES - 1.7%** |  |
| 30000 | Amadeus IT Group S.A. - ADR | 2204100 |
| 70000 | Infosys Ltd. - ADR | 1247400 |
|  |  | 3451500 |
|  | **TRANSPORTATION & LOGISTICS - 4.4%** |  |
| 55800 | Canadian Pacific Kansas City Ltd. | 4108554 |
| 70000 | Ryanair Holdings plc - ADR | 5053300 |
|  |  | 9161854 |

---

---

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

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.8% (Continued)** |  |
|  | **WHOLESALE - CONSUMER STAPLES - 2.3%** |  |
| 37100 | ITOCHU Corporation - ADR | $4691295 |
|  | **TOTAL COMMON STOCKS (Cost $117,470,237)** | 201649646 |
|  | **SHORT-TERM INVESTMENT — 3.0%** |  |
|  | **MONEY MARKET FUND - 3.0%** |  |
| 6203529 | Fidelity Investments Money Market Government Portfolio, Class I, 3.64%<sup>(b)</sup> (Cost $6,203,529) | 6203529 |
|  | **TOTAL INVESTMENTS - 99.8% (Cost $123,673,766)** | $207853175 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.2%** | 386500 |
|  | **NET ASSETS - 100.0%** | $208239675 |

---

---

| | |
|:---|:---|
| 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 |

---

<sup>(a)</sup> Non-income producing security. <br><sup>(b)</sup> Rate disclosed is the seven day effective yield as of December 31, 2025.

---

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

---

---

| | |
|:---|:---|
| Diversification of Assets | Diversification of Assets |
| Country | % of Net Assets |
| Japan | 15.9% |
| Netherlands | 11.0% |
| United Kingdom | 10.0% |
| France | 9.5% |
| Switzerland | 7.6% |
| Ireland | 5.8% |
| Italy | 5.7% |
| Canada | 4.3% |
| Taiwan Province of China | 3.9% |
| Singapore | 3.3% |
| Belgium | 3.0% |
| Spain | 2.5% |
| Germany | 2.5% |
| India | 2.2% |
| Denmark | 2.1% |
| Sweden | 1.9% |
| Hong Kong | 1.8% |
| Brazil | 1.5% |
| Norway | 1.4% |
| Cayman Islands | 0.9% |
| Total | 96.8% |
| Money Market Fund | 3.0% |
| Other Assets in Excess of Liabilities | 0.2% |
| 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 International Fund

- **b. EDGAR series identifier (if any):** S000017790

- **c. LEI of Series:** 549300IETIXDZBURPP20

**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:** $208554635.77

**Total Liabilities:** $314960.61

**Net Assets:** $208239675.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000049121 | 1.14%                | -1.06%               | 1.92%                |
| Class ID C000065170 | 1.12%                | -1.17%               | 1.87%                |
| Class ID C000127000 | 1.20%                | -1.06%               | 1.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $425749.33               | $2198332.24                                |
| Month 2  | $-266540.67              | $-2103369.88                               |
| Month 3  | $-732122.17              | $4624988.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABB Ltd.                                     | ABB LTD-ADR        | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     84000 | NS      | $6213480.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                         | AIR LIQ-UNSP ADR   | CUSIP: 009126202<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     85362 | NS      | $3206196.72   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co Inc.                            | AJINOMOTO-ADR      | CUSIP: 009707100<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     47000 | NS      | $987470.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                          | AMADEUS IT-ADR     | CUSIP: 02263T104<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |     30000 | NS      | $2204100.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                    | ARGENX SE - ADR    | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      5500 | NS      | $4625225.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                            | ASHTEAD GROUP PL   | CUSIP: 045055209<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     53600 | NS      | $3791664.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                               | ATLAS COP-ADR B    | CUSIP: 049255805<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    244000 | NS      | $3904000.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited           | CAN NATURAL RES    | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    142600 | NS      | $4827010.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.            | CANADIAN PACIFIC   | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     55800 | NS      | $4108554.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa            | CIE FINANCI-ADR    | CUSIP: 204319107<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |    219000 | NS      | $4715070.00   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                      | DBS GROUP HO-ADR   | CUSIP: 23304Y100<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     38922 | NS      | $6835092.42   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                                  | ENEL SPA - ADR     | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    438000 | NS      | $4546440.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                  | EQUINOR ASA-ADR    | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    123000 | NS      | $2906490.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | FID-MM GOVT-I      | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   6203529 | PA      | $6203529.21   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp.                      | FUJIFILM HOL-ADR   | CUSIP: 35958N107<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |    363328 | NS      | $3840376.96   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab As                                    | GENMAB A/S -SP ADR | CUSIP: 372303206<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |    142000 | NS      | $4373600.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC BANK-ADR      | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     38600 | NS      | $1410444.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                   | HALEON-ADR         | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |    318000 | NS      | $3214980.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                                 | HITACHI LTD-ADR    | CUSIP: 433578507<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |    138000 | NS      | $4305600.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA Corp.                                   | HOYA CORP-ADR      | CUSIP: 443251103<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     34000 | NS      | $5156100.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                              | IBERDROLA SA-ADR   | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     35200 | NS      | $3041280.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                              | ICICI BANK-ADR     | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     67100 | NS      | $1999580.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                     | INFINEON TEC-ADR   | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     28000 | NS      | $1231440.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                 | INFOSYS LTD-ADR    | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     70000 | NS      | $1247400.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                     | ITAU UNIBANC-ADR   | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    426420 | NS      | $3053167.20   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp.                                 | ITOCHU CORP-ADR    | CUSIP: 465717106<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     37100 | NS      | $4691295.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                 | KBC GROEP-ADR      | CUSIP: 48241F104<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     96700 | NS      | $6307257.50   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                     | LLOYDS BANKING G   | CUSIP: 539439109<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |    980000 | NS      | $5194000.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC              | LONDON STOCK EX    | CUSIP: 54211Y107<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    169000 | NS      | $5166330.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Reinsurance AG                        | MUENCHENER-ADR     | CUSIP: 626188106<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |    297000 | NS      | $3917430.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIX Corp.                                   | ORIX-ADR           | CUSIP: 686330101<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    149000 | NS      | $4353780.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                    | PROSUS -SPON ADR   | CUSIP: 74365P108<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    472181 | NS      | $5836157.16   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                | RIO TINTO-ADR      | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     20300 | NS      | $1624609.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                         | RYANAIR HLDG-ADR   | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |     70000 | NS      | $5053300.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                    | SAFRAN SA-ADR      | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     82000 | NS      | $7138100.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                     | SEA LTD-ADR        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     14300 | NS      | $1824251.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC                           | SMITH & NEPH-ADR   | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     55400 | NS      | $1817674.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.         | SUMITOMO MIT-ADR   | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    297000 | NS      | $5741010.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     26800 | NS      | $8144252.00   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co. Ltd.               | TECHTRONIC I-ADR   | CUSIP: 87873R101<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     66150 | NS      | $3808917.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                    | THALES SA -UNADR   | CUSIP: 883219206<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     92200 | NS      | $4981566.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc.                   | TOKIO MARINE-ADR   | CUSIP: 889094108<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    109000 | NS      | $4030820.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                             | UNICREDIT SP-ADR   | CUSIP: 904678406<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    176000 | NS      | $7298720.00   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                     | VINCI S.A.-ADR     | CUSIP: 927320101<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    124500 | NS      | $4382400.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                      | CRH PLC            | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     57000 | NS      | $7113600.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                     | ALCON INC          | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     63500 | NS      | $5004435.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                       | ASM INTL-NY REG    | CUSIP: N07045102<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      7410 | NS      | $4471416.30   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                        | NXP SEMICONDUCTO   | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      9300 | NS      | $2018658.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group N.V.                            | NEBIUS GROUP NV    | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |     71500 | NS      | $5984907.50   | 2.87%             |  |  |  | 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