# EDGAR Filing Document

**Accession Number:** 0000916490
**File Stem:** 0000910472-26-002897
**Filing Date:** 2026-2
**Character Count:** 54341
**Document Hash:** db80bd5fefdb1bee923353bf91ef8b9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002897.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002897

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**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:** 26685329

**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 Growth & Income Fund (Series ID: S000042201)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000130991 | Timothy Plan Growth & Income Fund Class A | TGIAX           |
| C000130992 | Timothy Plan Growth & Income Fund Class C | TGCIX           |
| C000130993 | Timothy Plan Growth & Income Fund Class I | TIGIX           |

## Nport-Ex

---

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

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** |  |  |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUND — 51.9%** |  |  |  |
|  | **EQUITY - 51.9%** |  |  |  |
| 255000 | Timothy Plan High Dividend Stock ETF<sup>(a)</sup> |  |  | $9825150 |
|  | **TOTAL EXCHANGE-TRADED FUND (Cost $8,730,563)** |  |  | 9825150 |
| **Principal<br> Amount ($)** |  |  |  |  |
|  | **ASSET BACKED SECURITIES — 2.1%** |  |  |  |
|  | **CLO — 0.7%** |  |  |  |
| 135000 | Kubota Credit Owner Trust 2025-2 Series 2A A3<sup>(b)</sup> | 4.42 | &nbsp;&nbsp;09/17/29 | 136375 |
|  | **OTHER ABS — 1.4%** |  |  |  |
| 85000 | CNH Equipment Trust 2025-A Series A A3 | 4.36 | &nbsp;&nbsp;08/15/30 | 85903 |
| 180000 | John Deere Owner Trust 2025 Series A A3 | 4.23 | &nbsp;&nbsp;09/17/29 | 181363 |
|  |  |  |  | 267266 |
|  | **TOTAL ASSET BACKED SECURITIES (Cost $399,982)** |  |  | 403641 |
|  | **CORPORATE BONDS — 11.6%** |  |  |  |
|  | **CHEMICALS — 0.7%** |  |  |  |
| 85000 | Nutrien Ltd. | 4.0 | &nbsp;&nbsp;12/15/26 | 84975 |
| 60000 | Nutrien Ltd. | 2.95 | &nbsp;&nbsp;05/13/30 | 56740 |
|  |  |  |  | 141715 |
|  | **COMMERCIAL SUPPORT SERVICES — 0.5%** |  |  |  |
| 35000 | Republic Services, Inc. | 5.0 | &nbsp;&nbsp;04/01/34 | 35975 |
| 50000 | Waste Management, Inc. | 4.625 | &nbsp;&nbsp;02/15/33 | 50766 |
|  |  |  |  | 86741 |
|  | **ELECTRIC UTILITIES — 1.1%** |  |  |  |
| 135000 | American Electric Power Company, Inc. | 3.2 | &nbsp;&nbsp;11/13/27 | 133149 |
| 70000 | National Rural Utilities Cooperative Finance Corporation | 5.05 | &nbsp;&nbsp;09/15/28 | 71844 |
|  |  |  |  | 204993 |
|  | **GAS & WATER UTILITIES — 0.7%** |  |  |  |
| 130000 | NiSource, Inc. | 3.49 | &nbsp;&nbsp;05/15/27 | 129175 |

---

---

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

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Coupon Rate<br> (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 11.6% (Continued)** |  |  |  |
|  | **INSTITUTIONAL FINANCIAL SERVICES — 0.3%** |  |  |  |
| 55000 | Cboe Global Markets, Inc. | 3.6500 | &nbsp;&nbsp;01/12/27 | $54889 |
|  | **MACHINERY — 0.6%** |  |  |  |
| 55000 | Caterpillar Financial Services Corporation | 4.3500 | &nbsp;&nbsp;05/15/26 | 55099 |
| 55000 | John Deere Capital Corporation | 3.9000 | &nbsp;&nbsp;06/07/32 | 53961 |
|  |  |  |  | 109060 |
|  | **METALS & MINING — 1.7%** |  |  |  |
| 75000 | BHP Billiton Finance USA Ltd. | 5.1250 | &nbsp;&nbsp;02/21/32 | 77859 |
| 85000 | BHP Billiton Finance USA Ltd. | 5.2500 | &nbsp;&nbsp;09/08/33 | 88447 |
| 70000 | Rio Tinto Finance USA plc | 5.0000 | &nbsp;&nbsp;03/14/32 | 72367 |
| 70000 | Rio Tinto Finance USA plc | 5.0000 | &nbsp;&nbsp;03/09/33 | 71995 |
|  |  |  |  | 310668 |
|  | **OIL & GAS PRODUCERS — 2.7%** |  |  |  |
| 115000 | Columbia Pipelines Holding Company, LLC<sup>(b)</sup> | 6.0420 | &nbsp;&nbsp;08/15/28 | 119551 |
| 130000 | Columbia Pipelines Operating Company, LLC<sup>(b)</sup> | 5.6950 | &nbsp;&nbsp;10/01/54 | 123442 |
| 70000 | Energy Transfer, L.P. | 5.6000 | &nbsp;&nbsp;09/01/34 | 72170 |
| 120000 | Energy Transfer, L.P. | 6.2500 | &nbsp;&nbsp;04/15/49 | 119133 |
| 70000 | Enterprise Products Operating, LLC | 5.3500 | &nbsp;&nbsp;01/31/33 | 73229 |
|  |  |  |  | 507525 |
|  | **REAL ESTATE INVESTMENT TRUSTS — 1.6%** |  |  |  |
| 70000 | American Tower Corporation | 5.3500 | &nbsp;&nbsp;03/15/35 | 71896 |
| 95000 | Digital Realty Trust, L.P. | 3.7000 | &nbsp;&nbsp;08/15/27 | 94497 |
| 19000 | Extra Space Storage, L.P. | 3.9000 | &nbsp;&nbsp;04/01/29 | 18784 |
| 120000 | Healthpeak Properties, Inc. | 3.5000 | &nbsp;&nbsp;07/15/29 | 116720 |
|  |  |  |  | 301897 |
|  | **RETAIL - CONSUMER STAPLES — 0.5%** |  |  |  |
| 95000 | Dollar General Corporation | 4.1250 | &nbsp;&nbsp;05/01/28 | 95176 |
|  | **RETAIL - DISCRETIONARY — 0.6%** |  |  |  |
| 110000 | Tractor Supply Company | 5.2500 | &nbsp;&nbsp;05/15/33 | 113911 |
|  | **TRANSPORTATION & LOGISTICS — 0.6%** |  |  |  |
| 130000 | CSX Corporation | 3.2500 | &nbsp;&nbsp;06/01/27 | 128930 |

---

---

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

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Coupon Rate<br> (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 11.6% (Continued)** |  |  |  |
|  | **TOTAL CORPORATE BONDS (Cost $2,144,055)** |  |  | $2184680 |
|  | **NON U.S. GOVERNMENT & AGENCIES — 1.8%** |  |  |  |
|  | **LOCAL AUTHORITY — 0.7%** |  |  |  |
| 135000 | Province of Ontario Canada | 2.5000 | &nbsp;&nbsp;04/27/26 | 134389 |
|  | **SOVEREIGN — 1.1%** |  |  |  |
| 200000 | Israel Government International Bond | 5.5000 | &nbsp;&nbsp;03/12/34 | 207102 |
|  | **TOTAL NON U.S. GOVERNMENT & AGENCIES (Cost $328,225)** |  |  | 341491 |
|  | **U.S. GOVERNMENT & AGENCIES — 31.3%** |  |  |  |
|  | **AGENCY FIXED RATE — 16.6%** |  |  |  |
| 81873 | Fannie Mae Pool FM5537 | 2.0000 | &nbsp;&nbsp;01/01/36 | 76041 |
| 52450 | Fannie Mae Pool MA4316 | 2.5000 | &nbsp;&nbsp;04/01/36 | 49673 |
| 16421 | Fannie Mae Pool MA4475 | 2.5000 | &nbsp;&nbsp;10/01/41 | 14811 |
| 49165 | Fannie Mae Pool MA4617 | 3.0000 | &nbsp;&nbsp;04/01/42 | 46028 |
| 37829 | Fannie Mae Pool FM4053 | 2.5000 | &nbsp;&nbsp;08/01/50 | 32668 |
| 43469 | Fannie Mae Pool CA8897 | 3.0000 | &nbsp;&nbsp;02/01/51 | 39246 |
| 6015 | Fannie Mae Pool MA4258 | 3.5000 | &nbsp;&nbsp;02/01/51 | 5626 |
| 17088 | Fannie Mae Pool FM6550 | 2.0000 | &nbsp;&nbsp;03/01/51 | 14115 |
| 31158 | Fannie Mae Pool CB0855 | 3.0000 | &nbsp;&nbsp;06/01/51 | 27805 |
| 53414 | Fannie Mae Pool FS3744 | 2.0000 | &nbsp;&nbsp;07/01/51 | 43680 |
| 82340 | Fannie Mae Pool FS1807 | 3.5000 | &nbsp;&nbsp;07/01/51 | 77065 |
| 122816 | Fannie Mae Pool CB1384 | 2.5000 | &nbsp;&nbsp;08/01/51 | 105988 |
| 58593 | Fannie Mae Pool FS9085 | 3.0000 | &nbsp;&nbsp;12/01/51 | 52127 |
| 26821 | Fannie Mae Pool BU1322 | 2.5000 | &nbsp;&nbsp;02/01/52 | 23152 |
| 85427 | Fannie Mae Pool CB3486 | 3.5000 | &nbsp;&nbsp;05/01/52 | 79344 |
| 58529 | Fannie Mae Pool FS1704 | 4.0000 | &nbsp;&nbsp;05/01/52 | 56165 |
| 151635 | Fannie Mae Pool BV8017 | 4.5000 | &nbsp;&nbsp;08/01/52 | 148848 |

---

---

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

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Coupon Rate<br> (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 31.3% (Continued)** |  |  |  |
|  | **AGENCY FIXED RATE — 16.6% (Continued)** |  |  |  |
| 93360 | Fannie Mae Pool MA4733 | 4.5000 | &nbsp;&nbsp;09/01/52 | $91625 |
| 80734 | Fannie Mae Pool FS3159 | 4.5000 | &nbsp;&nbsp;10/01/52 | 79639 |
| 71580 | Fannie Mae Pool FS4075 | 5.0000 | &nbsp;&nbsp;04/01/53 | 72181 |
| 83555 | Fannie Mae Pool FS5044 | 4.5000 | &nbsp;&nbsp;06/01/53 | 82741 |
| 117692 | Fannie Mae Pool MA5039 | 5.5000 | &nbsp;&nbsp;06/01/53 | 119811 |
| 80377 | Fannie Mae Pool FS8291 | 5.5000 | &nbsp;&nbsp;07/01/53 | 82476 |
| 79075 | Fannie Mae Pool FS6787 | 6.0000 | &nbsp;&nbsp;01/01/54 | 82401 |
| 86833 | Fannie Mae Pool CB7980 | 5.5000 | &nbsp;&nbsp;02/01/54 | 88893 |
| 22271 | Fannie Mae Pool FS8138 | 6.5000 | &nbsp;&nbsp;06/01/54 | 23440 |
| 82961 | Fannie Mae Pool FS9456 | 5.5000 | &nbsp;&nbsp;11/01/54 | 84356 |
| 36521 | Ginnie Mae I Pool 723248 | 5.0000 | &nbsp;&nbsp;10/15/39 | 37597 |
| 38669 | Ginnie Mae I Pool 783403 | 3.5000 | &nbsp;&nbsp;09/15/41 | 36183 |
| 34953 | Ginnie Mae II Pool MA3376 | 3.5000 | &nbsp;&nbsp;01/20/46 | 32606 |
| 26039 | Ginnie Mae II Pool MA3596 | 3.0000 | &nbsp;&nbsp;04/20/46 | 23748 |
| 22154 | Ginnie Mae II Pool MA3663 | 3.5000 | &nbsp;&nbsp;05/20/46 | 20666 |
| 28967 | Ginnie Mae II Pool MA3736 | 3.5000 | &nbsp;&nbsp;06/20/46 | 27016 |
| 9872 | Ginnie Mae II Pool MA4509 | 3.0000 | &nbsp;&nbsp;06/20/47 | 9010 |
| 27677 | Ginnie Mae II Pool MA4652 | 3.5000 | &nbsp;&nbsp;08/20/47 | 25835 |
| 26040 | Ginnie Mae II Pool MA4719 | 3.5000 | &nbsp;&nbsp;09/20/47 | 24121 |
| 49639 | Ginnie Mae II Pool MA4778 | 3.5000 | &nbsp;&nbsp;10/20/47 | 46136 |
| 18363 | Ginnie Mae II Pool MA6092 | 4.5000 | &nbsp;&nbsp;08/20/49 | 18100 |
| 14080 | Ginnie Mae II Pool MA6156 | 4.5000 | &nbsp;&nbsp;09/20/49 | 13921 |
| 38218 | Ginnie Mae II Pool BN2662 | 3.0000 | &nbsp;&nbsp;10/20/49 | 34475 |
| 15248 | Ginnie Mae II Pool MA6221 | 4.5000 | &nbsp;&nbsp;10/20/49 | 15205 |
| 13413 | Ginnie Mae II Pool MA6478 | 5.0000 | &nbsp;&nbsp;02/20/50 | 13674 |
| 16301 | Ginnie Mae II Pool MA6544 | 4.5000 | &nbsp;&nbsp;03/20/50 | 16140 |
| 10386 | Ginnie Mae II Pool MA6545 | 5.0000 | &nbsp;&nbsp;03/20/50 | 10609 |
| 16956 | Ginnie Mae II Pool MA6600 | 3.5000 | &nbsp;&nbsp;04/20/50 | 15653 |
| 15305 | Ginnie Mae II Pool MA6601 | 4.0000 | &nbsp;&nbsp;04/20/50 | 14609 |
| 19267 | Ginnie Mae II Pool MA6603 | 5.0000 | &nbsp;&nbsp;04/20/50 | 19603 |
| 38674 | Ginnie Mae II Pool MA7255 | 2.5000 | &nbsp;&nbsp;03/20/51 | 33452 |
| 31364 | Ginnie Mae II Pool MA7418 | 2.5000 | &nbsp;&nbsp;06/20/51 | 27129 |
| 90956 | Ginnie Mae II Pool MA7419 | 3.0000 | &nbsp;&nbsp;06/20/51 | 82004 |
| 97443 | Ginnie Mae II Pool MA7472 | 2.5000 | &nbsp;&nbsp;07/20/51 | 84285 |

---

---

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

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Principal<br> Amount ($)** |  | **Coupon Rate<br> (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 31.3% (Continued)** |  |  |  |
|  | **AGENCY FIXED RATE — 16.6% (Continued)** |  |  |  |
| 86266 | Ginnie Mae II Pool CE1974 | 3.0000 | &nbsp;&nbsp;08/20/51 | $78673 |
| 67332 | Ginnie Mae II Pool CE1990 | 2.5000 | &nbsp;&nbsp;09/20/51 | 58198 |
| 109061 | Ginnie Mae II Pool MA7768 | 3.0000 | &nbsp;&nbsp;12/20/51 | 98327 |
| 45683 | Ginnie Mae II Pool MA7829 | 3.5000 | &nbsp;&nbsp;01/20/52 | 42095 |
| 58864 | Ginnie Mae II Pool MA7939 | 4.0000 | &nbsp;&nbsp;03/20/52 | 56112 |
| 93854 | Ginnie Mae II Pool MA8800 | 5.0000 | &nbsp;&nbsp;04/20/53 | 94068 |
| 101564 | Ginnie Mae II Pool MA8874 | 3.0000 | &nbsp;&nbsp;05/20/53 | 92612 |
| 85196 | Ginnie Mae II Pool MA8943 | 3.0000 | &nbsp;&nbsp;06/20/53 | 76827 |
| 77593 | Ginnie Mae II Pool MA9017 | 5.5000 | &nbsp;&nbsp;07/20/53 | 78886 |
| 66000 | Ginnie Mae II Pool MB0091 | 5.0000 | &nbsp;&nbsp;12/20/54 | 65969 |
| 24448 | Ginnie Mae II Pool MB0366 | 5.5000 | &nbsp;&nbsp;05/20/55 | 24712 |
|  |  |  |  | 3148201 |
|  | **U.S. TREASURY BILLS — 14.7%** |  |  |  |
| 180000 | United States Treasury Note | 4.8750 | &nbsp;&nbsp;04/30/26 | 180731 |
| 200000 | United States Treasury Note | 4.6250 | &nbsp;&nbsp;04/30/29 | 206555 |
| 605000 | United States Treasury Note | 4.6250 | &nbsp;&nbsp;04/30/31 | 630405 |
| 810000 | United States Treasury Note | 4.2500 | &nbsp;&nbsp;08/15/35 | 817594 |
| 320000 | United States Treasury Note | 4.5000 | &nbsp;&nbsp;02/15/44 | 310700 |
| 635000 | United States Treasury Note | 4.7500 | &nbsp;&nbsp;08/15/55 | 627063 |
|  |  |  |  | 2773048 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $6,047,766)** |  |  | 5921249 |
| **Shares** |  |  |  |  |
|  | **SHORT-TERM INVESTMENT — 1.0%** |  |  |  |
|  | **MONEY MARKET FUND - 1.0%** |  |  |  |
| 180168 | Fidelity Investments Money Market Government Portfolio, Class I, 3.64%<sup>(c)</sup> (Cost $180,168) |  |  | 180168 |
|  | **TOTAL INVESTMENTS - 99.7% (Cost $17,830,759)** |  |  | $18856379 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.3%** |  |  | 49556 |
|  | **NET ASSETS - 100.0%** |  |  | $18905935 |

---

---

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

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| LLC | - Limited Liability Company |
| L.P. | - Limited Partnership |
| Ltd. | - Limited Company |
| plc | - Public Limited Company |

---

<sup>(a)</sup> Investment in affiliate.

<sup>(b)</sup> 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 December 31, 2025, the total market value of Rule 144A securities is $379,368 or 2.0% of net assets.

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

## 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 Growth & Income Fund

- **b. EDGAR series identifier (if any):** S000042201

- **c. LEI of Series:** 549300PAYECSF1KLD321

**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:** $18950135.21

**Total Liabilities:** $44200.70

**Net Assets:** $18905934.51

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 5.96535100 | **1-Year:** 216.96290600 | **5-Year:** 1144.66922400 | **10-Year:** 1382.87452100 | **30-Year:** 244.43876200

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130991 | -1.35%               | 1.46%                | -0.76%               |
| Class ID C000130992 | -1.41%               | 1.33%                | -0.80%               |
| Class ID C000130993 | -1.34%               | 1.45%                | -0.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1044.79                 | $-271142.45                                |
| Month 2  | $2822.28                 | $261414.04                                 |
| Month 3  | $9794.97                 | $-197793.90                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Electric Power Co, Inc.                   | AEP 3.2 11/13/27      | CUSIP: 025537AJ0<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133149.45    | 0.70%             | 2027-11-13      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                         | AMT 5.35 03/15/35     | CUSIP: 03027XCP3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71895.86     | 0.38%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                    | BHP 5 1/4 09/08/33    | CUSIP: 055451BE7<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     85000 | PA      | $88447.75     | 0.47%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                    | BHP 5 1/8 02/21/32    | CUSIP: 055451BK3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $77859.96     | 0.41%             | 2032-02-21      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                            | CBOE 3.65 01/12/27    | CUSIP: 12503MAA6<br>LEI: 529900RLNSGA90UPEH54 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54888.66     | 0.29%             | 2027-01-12      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                    | CSX 3 1/4 06/01/27    | CUSIP: 126408HH9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128929.90    | 0.68%             | 2027-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2025-A                         | CNH 2025-A A3         | CUSIP: 12674BAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85000 | PA      | $85902.74     | 0.45%             | 2030-08-15      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.               | CAT 4.35 05/15/26     | CUSIP: 14913UAA8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55099.21     | 0.29%             | 2026-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                 | CPGX 6.042 08/15/28   | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $119550.68    | 0.63%             | 2028-08-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC               | CPGX 5.695 10/01/54   | CUSIP: 19828TAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $123442.57    | 0.65%             | 2054-10-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | DE 3.9 06/07/32       | CUSIP: 24422EWH8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53960.72     | 0.29%             | 2032-06-07      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust, L.P.                         | DLR 3.7 08/15/27      | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94497.44     | 0.50%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Dollar General Corporation                         | DG 4 1/8 05/01/28     | CUSIP: 256677AF2<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95175.90     | 0.50%             | 2028-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | ET 5.6 09/01/34       | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72170.45     | 0.38%             | 2034-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                 | ET 6 1/4 04/15/49     | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119132.96    | 0.63%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                  | EPD 5.35 01/31/33     | CUSIP: 29379VCD3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73228.85     | 0.39%             | 2033-01-31      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                             | EXR 3.9 04/01/29      | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18784.00     | 0.10%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN BU1322             | CUSIP: 3140M2PG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26821 | PA      | $23151.88     | 0.12%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN BV8017             | CUSIP: 3140MM4B1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    151635 | PA      | $148848.14    | 0.79%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN CA8897             | CUSIP: 3140QG3F2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43469 | PA      | $39246.36     | 0.21%             | 2051-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN CB0855             | CUSIP: 3140QK5R5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31158 | PA      | $27805.29     | 0.15%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN CB1384             | CUSIP: 3140QLRE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122816 | PA      | $105987.15    | 0.56%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN CB3486             | CUSIP: 3140QN2U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85427 | PA      | $79343.94     | 0.42%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN CB7980             | CUSIP: 3140QT2N8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86833 | PA      | $88892.77     | 0.47%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FM4053             | CUSIP: 3140X7QF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37829 | PA      | $32667.97     | 0.17%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FM5537             | CUSIP: 3140X9EK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     81873 | PA      | $76040.58     | 0.40%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FM6550             | CUSIP: 3140XAH47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17088 | PA      | $14115.26     | 0.07%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS1704             | CUSIP: 3140XG3N7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58529 | PA      | $56165.17     | 0.30%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS1807             | CUSIP: 3140XHAH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82340 | PA      | $77065.38     | 0.41%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS3159             | CUSIP: 3140XJQM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80734 | PA      | $79638.91     | 0.42%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS3744             | CUSIP: 3140XKES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53414 | PA      | $43680.31     | 0.23%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS4075             | CUSIP: 3140XKQ52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71580 | PA      | $72180.57     | 0.38%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS5044             | CUSIP: 3140XLTA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83555 | PA      | $82741.11     | 0.44%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS6787             | CUSIP: 3140XNRH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     79075 | PA      | $82400.82     | 0.44%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS8138             | CUSIP: 3140XQBG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22271 | PA      | $23439.64     | 0.12%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS8291             | CUSIP: 3140XQF93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80377 | PA      | $82475.87     | 0.44%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS9085             | CUSIP: 3140XRCX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58593 | PA      | $52126.59     | 0.28%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association              | FN FS9456             | CUSIP: 3140XRQJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82961 | PA      | $84356.27     | 0.45%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FN MA4475             | CUSIP: 31418D6M9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16421 | PA      | $14810.51     | 0.08%             | 2041-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FN MA4258             | CUSIP: 31418DWU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6015 | PA      | $5625.66      | 0.03%             | 2051-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FN MA4316             | CUSIP: 31418DYN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     52450 | PA      | $49673.14     | 0.26%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FN MA4617             | CUSIP: 31418EDX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     49165 | PA      | $46028.37     | 0.24%             | 2042-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FN MA4733             | CUSIP: 31418EHK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93360 | PA      | $91624.56     | 0.48%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                   | FN MA5039             | CUSIP: 31418ES50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    117692 | PA      | $119811.02    | 0.63%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust                   | FID-MM GOVT-I         | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    180168 | PA      | $180168.19    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association           | G2 MA3596             | CUSIP: 36179R7H6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26039 | PA      | $23747.93     | 0.13%             | 2046-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA3376             | CUSIP: 36179RXD6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     34953 | PA      | $32606.42     | 0.17%             | 2046-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA3663             | CUSIP: 36179SB89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     22154 | PA      | $20666.45     | 0.11%             | 2046-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA3736             | CUSIP: 36179SEH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     28967 | PA      | $27015.88     | 0.14%             | 2046-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA4509             | CUSIP: 36179TAJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9872 | PA      | $9009.79      | 0.05%             | 2047-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA4652             | CUSIP: 36179TEZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     27677 | PA      | $25835.38     | 0.14%             | 2047-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA4719             | CUSIP: 36179TG41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26040 | PA      | $24120.82     | 0.13%             | 2047-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA4778             | CUSIP: 36179TJX4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     49639 | PA      | $46135.99     | 0.24%             | 2047-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6221             | CUSIP: 36179U4E9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15248 | PA      | $15204.70     | 0.08%             | 2049-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6092             | CUSIP: 36179UXV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18363 | PA      | $18099.98     | 0.10%             | 2049-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6156             | CUSIP: 36179UZV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14080 | PA      | $13921.45     | 0.07%             | 2049-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6478             | CUSIP: 36179VFT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13413 | PA      | $13673.62     | 0.07%             | 2050-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6544             | CUSIP: 36179VHV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16301 | PA      | $16140.00     | 0.09%             | 2050-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6545             | CUSIP: 36179VHW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10386 | PA      | $10609.33     | 0.06%             | 2050-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6600             | CUSIP: 36179VKM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     16956 | PA      | $15652.94     | 0.08%             | 2050-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6601             | CUSIP: 36179VKN9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15305 | PA      | $14609.01     | 0.08%             | 2050-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA6603             | CUSIP: 36179VKQ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     19267 | PA      | $19602.71     | 0.10%             | 2050-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7255             | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     38674 | PA      | $33451.97     | 0.18%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7418             | CUSIP: 36179WG36<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     31364 | PA      | $27128.76     | 0.14%             | 2051-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7419             | CUSIP: 36179WG44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     90956 | PA      | $82004.38     | 0.43%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7472             | CUSIP: 36179WJR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     97443 | PA      | $84285.43     | 0.45%             | 2051-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7768             | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109061 | PA      | $98327.10     | 0.52%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7829             | CUSIP: 36179WVW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     45683 | PA      | $42095.05     | 0.22%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA7939             | CUSIP: 36179WZC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     58864 | PA      | $56111.75     | 0.30%             | 2052-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA8874             | CUSIP: 36179X2F2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    101564 | PA      | $92612.40     | 0.49%             | 2053-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA8943             | CUSIP: 36179X5C6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     85196 | PA      | $76826.70     | 0.41%             | 2053-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA8800             | CUSIP: 36179XX50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     93854 | PA      | $94068.11     | 0.50%             | 2053-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MA9017             | CUSIP: 36179YAS3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     77593 | PA      | $78885.81     | 0.42%             | 2053-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 BN2662             | CUSIP: 3617K55X8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     38218 | PA      | $34475.10     | 0.18%             | 2049-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 CE1990             | CUSIP: 3617VQF76<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     67332 | PA      | $58198.32     | 0.31%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 CE1974             | CUSIP: 3617VQFP6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     86266 | PA      | $78673.26     | 0.42%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MB0091             | CUSIP: 3618N5C56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     66000 | PA      | $65969.38     | 0.35%             | 2054-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | G2 MB0366             | CUSIP: 3618N5MQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     24448 | PA      | $24712.43     | 0.13%             | 2055-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | GN 723248             | CUSIP: 3620A9P96<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     36521 | PA      | $37596.63     | 0.20%             | 2039-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | GN 783403             | CUSIP: 36241LX84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     38669 | PA      | $36182.97     | 0.19%             | 2041-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Healthpeak OP LLC                                  | PEAK 3 1/2 07/15/29   | CUSIP: 40414LAR0<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116719.50    | 0.62%             | 2029-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                  | ISRAEL 5 1/2 03/12/34 | CUSIP: 46514BRL3<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    200000 | PA      | $207101.39    | 1.10%             | 2034-03-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2025                        | JDOT 2025-A A3        | CUSIP: 47800DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $181364.13    | 0.96%             | 2029-09-17      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2025-2                   | KCOT 2025-2A A3       | CUSIP: 50117LAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $136374.60    | 0.72%             | 2029-09-17      | Fixed         | 4.42%                 | Yes           |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | NRUC 5.05 09/15/28    | CUSIP: 63743HFJ6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71843.63     | 0.38%             | 2028-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                      | NI 3.49 05/15/27      | CUSIP: 65473QBE2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129174.64    | 0.68%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                        | NTRCN 4 12/15/26      | CUSIP: 67077MAE8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $84974.50     | 0.45%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                        | NTRCN 2.95 05/13/30   | CUSIP: 67077MAW8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $56740.21     | 0.30%             | 2030-05-13      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Ontario (Province Of)                              | ONT 2 1/2 04/27/26    | CUSIP: 68323ADP6<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | MUN               | CA        |    135000 | PA      | $134389.33    | 0.71%             | 2026-04-27      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                            | RSG 5 04/01/34        | CUSIP: 760759BC3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35975.49     | 0.19%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                        | RIOLN 5 03/09/33      | CUSIP: 76720AAN6<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     70000 | PA      | $71994.64     | 0.38%             | 2033-03-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                        | RIOLN 5 03/14/32      | CUSIP: 76720AAT3<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     70000 | PA      | $72366.60     | 0.38%             | 2032-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Timothy Plan                                       | T/P HIGH DVD STK      | CUSIP: 887432326<br>LEI: 549300TW26XMX8DL8P98 | Long             | EC               | RF                | US        |    255000 | NS      | $9825150.00   | 51.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                  | TSCO 5 1/4 05/15/33   | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113910.77    | 0.60%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                       | T 4 1/2 02/15/44      | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    320000 | PA      | $310700.00    | 1.64%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                       | T 4 3/4 08/15/55      | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    635000 | PA      | $627062.50    | 3.32%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                       | T 4 7/8 04/30/26      | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180000 | PA      | $180731.25    | 0.96%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                       | T 4 5/8 04/30/31      | CUSIP: 91282CKN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    605000 | PA      | $630405.27    | 3.33%             | 2031-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                       | T 4 5/8 04/30/29      | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $206554.69    | 1.09%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                       | T 4 1/4 08/15/35      | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    810000 | PA      | $817593.75    | 4.32%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                             | WM 4 5/8 02/15/33     | CUSIP: 94106LBU2<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50765.84     | 0.27%             | 2033-02-15      | Fixed         | 4.62%                 | No            |                  2 | 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