Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (n-q)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED    MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number

811-08228

The Timothy Plan

(Exact name of registrant as specified in charter)

 1055 Maitland Center Commons, Maitland, FL 32751

(Address of principal executive offices)

(Zip code)

Gemini Fund Services, LLC., 80 Arkay Drive, Suite 110, Hauppauge, NY 11788

(Name and address of agent for service)

Registrant's telephone number, including area code:

1-800-846-7526

Date of fiscal year end:

9/30

Date of reporting period:  6/30/2013

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5).  The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public.  A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number.  Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1.  Schedule of Investments.  

Timothy Plan Aggressive Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 97.3 %
		AEROSPACE/DEFENSE - 1.1 %
3,215		B/E Aerospace, Inc.  *		$               202,802
		APPAREL - 5.9 %
2,700		Carter's, Inc.		199,989
6,390		Hanesbrands, Inc.		328,574
2,675		Oxford Industries, Inc.		166,920
2,825		Steven Madden Ltd.  *		136,673
1,150		VF Corp.		222,019
				1,054,175
		BANKS - 7.1 %
890		Bryn Mawr Bank Corp.		21,298
5,605		Cardinal Financial Corp.		82,057
4,850		Cathay General Bancorp		98,697
5,620		CIT Group, Inc.  *		262,061
10,215		First Horizon National Corp.		114,408
26,320		Huntington Bancshares, Inc./OH		207,402
75,525		Synovus Financial Corp.		220,533
9,315		Zions Bancorp.		269,017
				1,275,473
		BIOTECHNOLOGY - 1.4 %
625		Aegerion Pharmaceuticals, Inc.  *		39,588
1,025		Alexion Pharmaceuticals, Inc.  *		94,546
3,530		Incyte Corp. Ltd.  *		77,660
2,845		NPS Pharmaceuticals, Inc.  *		42,960
				254,754
		COMMERCIAL SERVICES - 10.9 %
7,205		Cardtronics, Inc.  *		198,858
4,840		Euronet Worldwide, Inc.  *		154,202
5,550		EVERTEC, Inc.  *		121,933
3,034		FleetCor Technologies, Inc.  *		246,664
4,900		H&E Equipment Services, Inc.		103,243
6,100		K12, Inc.  *		160,247
4,865		SEI Investments Co.		138,312
1,350		Team Health Holdings, Inc.  *		55,445
3,645		United Rentals, Inc.  *		181,922
8,525		Vantiv, Inc. - Cl. A  *		235,290
2,385		Verisk Analytics, Inc. - Cl. A  *		142,385
13,395		WNS Holdings Ltd. - ADR  *		223,563
				1,962,064
		COMPUTERS - 2.0 %
700		Cognizant Technology Solutions Corp. - Cl. A  *		43,827
1,525		IHS, Inc. - Cl. A  *		159,179
1,165		Manhattan Associates, Inc.  *		89,891
3,505		Mentor Graphics Corp.		68,523
				361,420
		DISTRIBUTION/WHOLESALE - 2.0 %
470		MWI Veterinary Supply, Inc.  *		57,923
4,310		WESCO International, Inc.  *		292,908
				350,831
		DIVERSIFIED FINANCIAL SERVICES - 4.7 %
620		Affiliated Managers Group, Inc.  *		101,643
3,025		Discover Financial Services		144,111
2,675		Evercore Partners, Inc. - Cl. A		105,074
2,515		IntercontinentalExchange, Inc.  *		447,066
1,585		Lazard Ltd. - Cl. A		50,958
				848,852
		ELECTRICAL COMPONENTS & EQUIPMENT - 1.5 %
1,225		Acuity Brands, Inc.		92,512
2,680		AMETEK, Inc.		113,364
730		Hubbell, Inc.		72,270
				278,146
		ELECTRONICS - 6.0 %
3,225		Amphenol Corp.		251,356
3,005		FEI Co.		219,335
680		Mettler-Toledo International, Inc.  *		136,816
10,885		Trimble Navigation Ltd.  *		283,119
1,830		Waters Corp.  *		183,092
				1,073,718
		ENVIRONMENTAL CONTROL - 1.3 %
1,830		Mine Safety Appliances Co.		85,186
3,510		Waste Connections, Inc.		144,401
				229,587
		HEALTHCARE-PRODUCTS - 4.7 %
2,200		Bruker Corp.  *		35,530
945		Cyberonics, Inc.  *		49,102
6,500		Globus Medical, Inc. - Cl. A  *		109,590
1,455		HeartWare International, Inc.  *		138,385
900		ICU Medical, Inc.  *		64,854
4,900		Luminex Corp.  *		100,989
1,227		Sirona Dental Systems, Inc.  *		80,835
1,262		Syneron Medical Ltd.  *		10,979
3,945		Tornier NV  *		69,038
4,900		Trinity Biotech PLC		82,565
2,000		Volcano Corp.  *		36,260
2,700		Wright Medical Group, Inc.  *		70,767
				848,894
		HEALTHCARE-SERVICES - 1.3 %
6,525		ICON PLC  *		231,181
		HOME BUILDERS - 0.6 %
5,030		DR Horton, Inc.		107,038
		INSURANCE - 2.0 %
20,908		Radian Group, Inc.		242,951
3,840		XL Group PLC		116,429
				359,380
		INTERNET - 0.8 %
435		Equinix, Inc.  *		80,353
2,685		TIBCO Software, Inc.  *		57,459
				137,812
		LEISURE TIME - 0.6 %
3,335		Brunswick Corp/DE		106,553
		MACHINERY-DIVERSIFIED - 1.2 %
1,650		Flowserve Corp.		89,116
1,900		Nordson Corp.		131,689
				220,805
		MISCELLANEOUS MANUFACTURING - 2.4 %
2,675		Actuant Corp.		88,195
5,800		Hexcel Corp.  *		197,490
3,960		Trimas Corp.  *		147,629
				433,314
		OIL & GAS - 5.5 %
4,725		Approach Resources, Inc.  *		116,093
1,240		Cabot Oil & Gas Corp.		88,065
1,675		Concho Resources, Inc.  *		140,231
13,575		Denbury Resources, Inc.  *		235,119
3,940		Gulfport Energy Corp.  *		185,456
15,175		Kodiak Oil & Gas Corp.  *		134,906
5,399		Rex Energy Corp.  *		94,914
				994,784
		OIL & GAS SERVICES - 0.6 %
1,500		Oceaneering International, Inc.		108,300
		PHARMACEUTICALS - 2.5 %
12,777		Akorn, Inc.  *		172,745
5,100		Array BioPharma, Inc.  *		23,154
1,600		BioMarin Pharmaceutical, Inc.  *		89,264
4,425		Infinity Pharmaceuticals, Inc.  *		71,906
1,900		ViroPharma, Inc.  *		54,435
2,775		Vivus, Inc.  *		34,910
				446,414
		REAL ESTATE - 0.9 %
9,250		HFF, Inc. - Cl. A		164,372
		RETAIL - 14.8 %
10,395		Del Frisco's Restaurant Group, Inc.  *		222,557
2,495		Dick's Sporting Goods, Inc.		124,900
3,099		Domino's Pizza, Inc.		180,207
4,780		Express, Inc.  *		100,237
3,320		Francesca's Holdings Corp.  *		92,263
1,600		Genesco, Inc.  *		107,184
7,550		GNC Holdings, Inc. - Cl. A		333,785
6,555		Group 1 Automotive, Inc.		421,683
1,605		Hibbett Sports, Inc.  *		89,077
7,395		Krispy Kreme Doughnuts, Inc.  *		129,043
1,425		Mattress Firm Holding Corp.  *		57,427
1,700		MSC Industrial Direct Co., Inc.		131,682
4,450		Pier 1 Imports, Inc.		104,531
9,250		Rush Enterprises, Inc.  *		228,938
2,475		Sonic Corp.  *		36,036
4,650		Stage Stores, Inc.		109,275
3,235		Williams-Sonoma, Inc.		180,804
				2,649,629
		SEMICONDUCTORS - 5.2 %
6,645		Fairchild Semiconductor International, Inc. - Cl. A  *		91,701
3,414		MaxLinear, Inc. - Cl. A  *		23,898
3,845		MKS Instruments, Inc.		102,046
13,625		ON Semiconductor Corp.  *		110,090
13,150		Semtech Corp.  *		460,645
3,710		Ultratech, Inc.  *		136,231
				924,611
		SOFTWARE - 5.1 %
2,765		Aspen Technology, Inc.  *		79,604
2,880		Fair Isaac Corp.		131,990
3,500		Informatica Corp.  *		122,430
785		Interactive Intelligence Group, Inc.  *		40,506
6,965		MedAssets, Inc.  *		123,559
10,970		PTC, Inc.  *		269,094
3,125		SS&C Technologies Holdings, Inc.  *		102,813
1,585		Synchronoss Technologies, Inc.  *		48,929
				918,925
		TELECOMMUNICATIONS - 2.1 %
6,950		Aruba Networks, Inc.  *		106,752
5,085		Finisar Corp.  *		86,191
6,265		Polycom, Inc.  *		66,033
5,075		West Corp.		112,361
				371,337
		TRANSPORTATION - 3.1 %
2,485		Genesee & Wyoming, Inc.  *		210,827
8,415		Old Dominion Freight Line, Inc.  *		350,232
				561,059
		TOTAL COMMON STOCK (Cost $15,112,524)		17,476,230
		REITS - 0.1 %
1,275		Lexington Realty Trust (Cost $14,442)		14,892
		MONEY MARKET FUND - 2.9 %
515,887		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $515,887)		515,887
		TOTAL INVESTMENTS - 100.3 % (Cost $15,642,853)(B)		$         18,007,009
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3) %		(59,124)
		TOTAL NET ASSETS - 100.0%		$         17,947,885
* Non-income producing securities.
REIT - Real Estate Investment Trust.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $15,721,962 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
		Unrealized appreciation		$            2,547,057
		Unrealized depreciation		(262,010)
		Net unrealized appreciation		$            2,285,047

Timothy Plan Conservative Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		MUTUAL FUNDS - 99.9 % (A)
		ASSET ALLOCATION FUND - 18.0 %
860,264		Timothy Plan Defensive Strategies Fund		$                          9,505,914
		DEBT FUND - 37.3 %
1,462,492		Timothy Plan Fixed Income Fund		15,224,541
478,548		Timothy Plan High Yield Bond Fund		4,455,286
				19,679,827
		EQUITY FUND - 44.6 %
146,833		Timothy Plan Aggressive Growth Fund  *		1,190,812
164,139		Timothy Plan Emerging Markets Fund  *		1,598,714
331,678		Timothy Plan International Fund		2,653,421
179,161		Timothy Plan Israel Common Values Fund  *		2,067,513
771,855		Timothy Plan Large/Mid Cap Growth Fund		5,951,006
425,349		Timothy Plan Large/Mid-Cap Value Fund		7,286,231
153,069		Timothy Plan Small-Cap Value Fund		2,788,923
				23,536,620
		TOTAL MUTUAL FUNDS (Cost $48,728,038)		52,722,361
		MONEY MARKET FUND - 0.3 %
153,673		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (B)
		(Cost $153,673)		153,673
		TOTAL INVESTMENTS - 100.2 % (Cost $48,881,711)(C)		$                       52,876,034
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2) %		(98,513)
		TOTAL NET ASSETS - 100.0%		$                       52,777,521
* Non-income producing securities.
(A) Affiliated Funds - Class A.
(B) Variable rate security; the rate shown represents the yield at June 30, 2013.
(C) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $47,183,940 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
		Unrealized appreciation		$                          6,621,660
		Unrealized depreciation		(929,566)
		Net unrealized appreciation		$                          5,692,094

Timothy Plan Defensive Strategies Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares						Value
		COMMON STOCK - 24.2 %
		AGRICULTURE - 0.6 %
6,088		Bunge Ltd.				$               430,848
		CHEMICALS - 7.2 %
3,996		Agrium, Inc.				347,492
959		American Vanguard Corp.				22,469
4,448		CF Industries Holdings, Inc.				762,832
5,759		Intrepid Potash, Inc.				109,709
7,983		K+S AG				294,739
10,698		Mosaic Co./The				575,659
32,771		Potash Corp. of Saskatchewan, Inc.				1,249,558
3,862		Sociedad Quimica y Minera de Chile SA - ADR				156,025
18,774		Syngenta AG				1,461,744
10,796		Uralkali OJSC				361,341
						5,341,568
		COAL - 0.0 %
1,103		Peabody Energy Corp.				16,148
		FOOD - 0.3 %
3,387		Ingredion, Inc.				222,255
		IRON/STEEL - 0.5 %
2,356		Allegheny Technologies, Inc.				61,986
1		JFE Holdings, Inc.				22
9,828		Nippon Steel & Sumitomo Metal Corp.				26,525
979		POSCO - ADR				63,713
11,215		Severstal OAO				71,674
2,358		ThyssenKrupp AG				46,265
6,234		Vale SA				81,977
						352,162
		MACHINERY-DIVERSIFIED - 0.5 %
6,646		AGCO Corp.				333,563
605		CNH Global NV				25,204
						358,767
		MINING - 3.4 %
3,102		Allied Nevada Gold Corp.				20,101
7,252		Anglo American PLC				139,304
82		AngloGold Ashanti Ltd.				1,173
2,159		Antofagasta PLC				26,043
11,543		Barrick Gold Corp.				181,687
234		BHP Billiton PLC				11,997
451		Cameco Corp.				9,318
8,295		Cia de Minas Buenaventura SAA - ADR				122,434
1,877		Coeur Mining Inc.				24,964
7,567		Eldorado Gold Corp.				46,764
1,199		First Quantum Minerals Ltd.				17,729
12,994		Freeport-McMoRan Copper & Gold, Inc.				358,764
54,923		Glencore Xstrata PLC				226,795
909		Goldcorp Inc.				22,480
7,047		Harmony Gold Mining Co. Ltd.				26,849
5,932		Hecla Mining Co.				17,677
6,495		IAMGOLD Corp.				28,123
549		Kazakhmys PLC				2,155
39,028		Kinross Gold Corp.				199,043
5,670		MMC Norilsk Nickel OJSC				81,478
4,211		New Gold, Inc.				27,035
8,197		Newmont Mining Corp.				245,500
359		Pan American Silver Corp.				4,179
746		Randgold Resources Ltd. - ADR				47,744
6,310		Rio Tinto PLC				259,215
136		Royal Gold, Inc.				5,723
8,490		Silver Wheaton Corp.				166,998
5,122		Southern Copper Corp.				141,470
1,646		Sterlite Industries India Ltd.				9,613
7,265		Yamana Gold, Inc.				69,090
						2,541,445
		OIL & GAS - 9.8 %
492		Anadarko Petroleum Corp.				42,278
5,352		Apache Corp.				448,658
23,465		BG Group PLC				398,225
1,428		Canadian Natural Resources Ltd.				40,355
901		Chesapeake Energy Corp.				18,362
5,403		ConocoPhillips				326,882
2,644		Devon Energy Corp.				137,171
1,870		Encana Corp.				31,678
1,233		Ensco PLC				71,662
384		EOG Resources, Inc.				50,565
20,058		Exxon Mobil Corp.				1,812,240
76		Inpex Corp.				316,858
8,352		Lukoil OAO				479,405
14,378		Marathon Oil Corp.				497,191
647		Noble Energy, Inc.				38,846
4,297		NovaTek OAO				513,492
4,215		Occidental Petroleum Corp.				376,104
14,022		Petroleo Brasileiro SA - ADR				188,035
244		Pioneer Natural Resources Co.				35,319
5,915		Reliance Industries Ltd.   *				170,293
26,168		Rosneft OAO - ADR				179,251
2,812		Southwestern Energy Co.				102,722
14,122		Total SA				688,433
2,350		Transocean Ltd.				112,682
5,633		Valero Energy Corp.				195,859
						7,272,566
		OIL & GAS SERVICES - 1.6 %
2,827		Baker Hughes, Inc.				130,410
2,899		Cameron International Corp.				177,303
14,031		Halliburton Co.				585,373
4,145		National Oilwell Varco, Inc.				285,589
						1,178,675
		PIPELINES - 0.3 %
3,591		Kinder Morgan, Inc./DE				136,997
1,592		TransCanada Corp.				68,354
						205,351
		RETAIL - 0.0 %
626		CST Brands, Inc.				19,287
		TOTAL COMMON STOCK (Cost $19,351,333)				17,939,072
		REITS - 29.9 %
5,500		Acadia Realty Trust				135,795
4,400		Apartment Investment & Management Co.				132,176
4,850		AvalonBay Communities, Inc.				654,314
9,500		Boston Properties, Inc.				1,001,965
11,800		Brandywine Realty Trust				159,536
6,000		BRE Properties, Inc.				300,120
5,700		Camden Property Trust				394,098
14,300		CBL & Associates Properties, Inc.				306,306
12,800		Colonial Properties Trust				308,736
34,300		DDR Corp.				571,095
43,800		DiamondRock Hospitality Co.				408,216
4,790		Digital Realty Trust, Inc.				292,190
11,400		Douglas Emmett, Inc.				284,430
18,300		Education Realty Trust, Inc.				187,209
2,600		Equity Lifestyle Properties, Inc.				204,334
18,000		Equity Residential				1,045,080
3,450		Essex Property Trust, Inc.				548,274
8,600		Extra Space Storage, Inc.				360,598
2,800		Federal Realty Investment Trust				290,304
11,100		FelCor Lodging Trust, Inc.				65,601
20,700		First Industrial Realty Trust, Inc.				314,019
8,200		First Potomac Realty Trust				107,092
19,500		HCP Inc.				886,080
9,600		Health Care REIT, Inc.				643,488
6,000		Highwoods Properties, Inc.				213,660
22,400		Hospitality Properties Trust				588,672
6,100		Kilroy Realty Corp.				323,361
29,800		Kimco Realty Corp.				638,614
26,200		Lexington Realty Trust				306,016
12,100		Liberty Property Trust				447,216
15,363		Macerich Co./The				936,682
7,600		National Retail Properties, Inc.				261,440
23,694		Prologis, Inc.				893,738
4,400		PS Business Parks, Inc.				317,548
6,900		Public Storage				1,057,977
4,500		Rayonier, Inc.				249,255
4,100		Regency Centers Corp.				208,321
15,729		Simon Property Group, Inc.				2,483,924
9,050		SL Green Realty Corp.				798,119
30,000		Strategic Hotels & Resorts, Inc.				265,800
8,000		Summit Hotel Properties, Inc.				75,600
6,300		Taubman Centers, Inc.				473,445
15,700		UDR, Inc.				400,193
14,659		Ventas, Inc.				1,018,214
6,600		Washington Real Estate Investment Trust				177,606
11,100		Weingarten Realty Investors				341,547
		TOTAL REITs (Cost $19,836,104)				22,078,004
		EXCHANGE TRADED FUNDS - 8.7 %
		COMMODITY FUND - 8.7 %
35,800		iShares Silver Trust				679,126
61,300		PowerShares DB Agriculture Fund				1,526,983
33,800		PowerShares DB Base Metals Fund				546,208
29,300		PowerShares DB Commodity Index Tracking Fund				736,309
28,000		PowerShares DB Energy Fund				761,600
18,250		SPDR Gold Shares				2,174,488
		TOTAL EXCHANGE TRADED FUNDS (Cost $7,948,710)				6,424,714
Par Value				Coupon Rate (%)	Maturity
		BONDS & NOTES - 32.8 %
		GOVERNMENT MORTGAGE-BACKED SECURITIES - 1.8 %
$        639,620		Ginnie Mae II pool		4.5000	10/20/2041	$               682,497
603,926		Ginnie Mae II pool		5.0000	2/20/2041	654,176
						1,336,673
		HAND/MACHINE TOOLS - 0.7 %
500,000		Kennametal, Inc.		3.8750	2/15/2022	484,826
		OIL & GAS - 0.7 %
500,000		Petrobras International Finance Co. - Pifco		3.5000	2/6/2017	498,799
		PIPELINES - 0.8 %
500,000		Energy Transfer Partners LP		6.7000	7/1/2018	587,811
		REITS - 0.6 %
500,000		Health Care REIT, Inc.		3.7500	3/15/2023	473,587
		TREASURY INFLATION PROTECTED SECURITIES (TIPS) - 28.2 %
4,870,000		United States TIPS		1.1250	1/15/2021	5,543,139
300,000		United States TIPS		1.6250	1/15/2018	364,281
2,685,000		United States TIPS		1.7500	1/15/2028	3,345,533
3,245,000		United States TIPS		2.0000	1/15/2014	4,143,339
745,000		United States TIPS		2.0000	1/15/2016	938,149
1,550,000		United States TIPS		2.1250	1/15/2019	1,900,119
1,125,000		United States TIPS		2.1250	2/15/2041	1,451,531
1,050,000		United States TIPS		2.3750	1/15/2017	1,342,945
1,350,000		United States TIPS		2.5000	1/15/2029	1,806,534
						20,835,570
		TOTAL BONDS & NOTES (Cost $24,725,168)				24,217,266
Shares
		MONEY MARKET FUND - 7.0 %
5,205,130		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $5,205,130)				5,205,130
		TOTAL INVESTMENTS - 102.6 % (Cost $77,066,445)(B)				$          75,864,186
		LIABILITIES IN EXCESS OF OTHER ASSETS - (2.6) %				(2,023,307)
		TOTAL NET ASSETS - 100.0%				$          73,840,879
* Non-income producing securities.
REIT - Real Estate Investment Trust.
(ADR) American Depositary Receipt.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $76,662,047 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
			Unrealized appreciation			$            5,557,511
			Unrealized depreciation			(6,355,372)
			Net unrealized depreciation			$              (797,861)

Timothy Plan Emerging Markets Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 85.8 %
		AEROSPACE/DEFENSE - 3.8 %
8,400		Embraer SA - ADR		$                             309,876
		AGRICULTURE - 0.8 %
9,840		Adecoagro SA  *		61,500
		AIRLINES - 1.2 %
339,645		Air Arabia PJSC		98,022
		AUTO MANUFACTURERS - 4.5 %
210		Hyundai Motor Co.		41,464
3,780		Hyundai Motor Co.		321,051
				362,515
		AUTO PARTS & EQUIPMENT - 2.6 %
4,270		China Yuchai International Ltd.		75,280
560		Hyundai Mobis		133,863
				209,143
		BANKS - 14.3 %
19,800		Banco do Brasil SA		198,090
8,530		Banco Latinoamericano de Comercio Exterior SA		190,987
26,140		Banco Santander Brasil SA/Brazil		162,591
6,600		Erste Group Bank AG		175,906
16,210		Sberbank of Russia  *		186,091
28,750		Turkiye Garanti Bankasi AS		125,460
50,300		Turkiye Vakiflar Bankasi Tao		125,391
				1,164,516
		BUILDING MATERIALS - 4.4 %
19,060		Cemex SAB de CV  *		201,655
145,724		Desarrolladora Homex SAB de CV  *		91,227
373,450		Urbi Desarrollos Urbanos SAB de CV  *		67,902
				360,784
		CHEMICALS - 3.1 %
276,000		Yingde Gases Group Co. Ltd.		254,785
		COMPUTERS - 1.6 %
233,000		Compal Electronics, Inc.		130,947
		DISTRIBUTION/WHOLESALE - 1.5 %
27,350		Aygaz AS		125,587
		DIVERSIFIED FINANCIAL SERVICES - 6.2 %
5,270		Hana Financial Group, Inc.		153,431
5,030		KB Financial Group, Inc.		150,628
6,100		Shinhan Financial Group Co. Ltd.		200,830
				504,889
		ELECTRIC - 6.3 %
10,480		Cia Paranaense de Energia - ADR		130,162
15,250		Reliance Infrastructure Ltd.		259,250
83,880		RusHydro Management Co.  *		122,465
				511,877
		ELECTRONICS - 3.6 %
37,540		Flextronics International Ltd.  *		290,560
		FOOD - 5.3 %
172,000		First Pacific Co. Ltd/Hong Kong		184,281
90		Lotte Confectionery Co. Ltd.		126,640
37,200		Marfrig Alimentos SA  *		124,000
				434,921
		HOLDING COMPANIES-DIVERSIFIED - 0.5 %
7,260		Haw Par Corp. Ltd.		41,389
		INTERNET - 2.0 %
14,030		AsiaInfo-Linkage, Inc.  *		161,906
		IRON/STEEL - 5.4 %
1,250		POSCO		326,712
4,990		Ternium SA - ADR		112,924
				439,636
		OIL & GAS - 7.2 %
5,724		Lukoil OAO		329,989
17,200		Petroleo Brasileiro SA		252,152
				582,141
		PHARMACEUTICALS - 0.7 %
60,860		Selcuk Ecza Deposu Ticaret ve Sanayi A.S.		57,406
		RETAIL - 2.6 %
998,000		Bosideng International Holdings Ltd.		208,447
		SEMICONDUCTORS - 2.4 %
168		Samsung Electronics Co. Ltd.		197,412
		TELECOMMUNICATIONS - 5.0 %
7,270		Telefonica Brasil SA		165,901
13,100		Tim Participacoes SA		243,660
				409,561
		TEXTILES - 0.8 %
103,000		Weiqiao Textile Co.		61,883
		TOTAL COMMON STOCK (Cost $7,416,053)		6,979,703
		REITS - 1.1 %
26,700		Fibra Uno Administracion SA de CV - REIT
		(Cost $69,814)		89,126
		MONEY MARKET FUND - 14.3 %
1,166,853		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $1,166,853)		1,166,853
		TOTAL INVESTMENTS - 101.2 % (Cost $8,652,720)(B)		$                         8,235,682
		LIABILITIES IN EXCESS OF OTHER ASSETS - (1.2) %		(99,881)
		TOTAL NET ASSETS - 100.0%		$                         8,135,801
* Non-income producing securities.
(ADR) American Depositary Receipt.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $8,652,720 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
		Unrealized appreciation		$                             363,559
		Unrealized depreciation		(780,597)
		Net unrealized depreciation		$                           (417,038)

Timothy Plan Fixed Income Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Par Value				Coupon Rate (%)	Maturity	Value
		BONDS & NOTES - 95.6 %
		AUTO PARTS & EQUIPMENT - 1.0 %
$        750,000		Johnson Controls Inc.		5.0000	3/30/2020	$                 824,884
		BANKS - 1.3 %
1,000,000		Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands		2.1250	10/13/2015	1,023,606
		ELECTRIC - 2.3 %
987,086		John Sevier Combined Cycle Generation LLC		4.6260	1/15/2042	1,039,787
750,000		Nisource Finance Corp.		5.4000	7/15/2014	784,019
						1,823,806
		ENGINEERING & CONSTRUCTION - 1.2 %
1,000,000		ABB Finance USA Inc.		2.8750	5/8/2022	957,647
		GOVERNMENT MORTGAGE-BACKED SECURITIES - 31.8 %
4,245,471		Ginnie Mae I pool		3.5000	3/15/2043	4,379,246
1,441,250		Ginnie Mae I pool		4.0000	8/15/2040	1,519,608
2,070,308		Ginnie Mae I pool		4.5000	6/15/2039	2,211,390
1,496,627		Ginnie Mae I pool		4.5000	10/15/2040	1,589,283
581,006		Ginnie Mae I pool		4.5000	5/15/2041	617,927
13,616		Ginnie Mae I pool		5.0000	1/15/2018	14,656
17,342		Ginnie Mae I pool		5.0000	2/15/2018	18,705
16,566		Ginnie Mae I pool		5.0000	2/15/2018	17,868
247,445		Ginnie Mae I pool		5.5000	4/15/2033	272,461
62,167		Ginnie Mae I pool		6.0000	12/15/2031	70,011
174,584		Ginnie Mae I pool		6.5000	1/15/2037	198,809
12,409		Ginnie Mae I pool		5.0000	3/15/2018	13,385
2,810,741		Ginnie Mae II pool		3.5000	7/20/2042	2,889,210
2,906,767		Ginnie Mae II pool		4.0000	6/20/2042	3,059,745
639,620		Ginnie Mae II pool		4.5000	10/20/2041	682,497
423,549		Ginnie Mae II pool		5.0000	12/20/2037	460,706
1,407,642		Ginnie Mae II pool		5.0000	8/20/2039	1,551,740
886,684		Ginnie Mae II pool		5.0000	9/20/2039	966,833
1,596,821		Ginnie Mae II pool		5.0000	2/20/2041	1,729,687
337,952		Ginnie Mae II pool		5.5000	5/20/2035	370,914
464,455		Ginnie Mae II pool		5.5000	1/20/2038	510,247
149,308		Ginnie Mae II pool		6.0000	2/20/2035	172,710
286,116		Ginnie Mae II pool		6.0000	6/20/2036	317,304
60,041		Ginnie Mae II pool		6.0000	7/20/2034	67,118
145,891		Ginnie Mae II pool		6.5000	9/20/2034	164,219
444,195		Ginnie Mae II pool		6.0000	10/20/2034	494,133
172,928		Ginnie Mae II pool		5.5000	11/20/2034	190,892
282,907		Ginnie Mae II pool		5.5000	1/20/2035	312,413
201,013		Ginnie Mae II pool		6.0000	10/20/2036	222,838
						25,086,555
		GOVERNMENT NOTES & BONDS - 28.1 %
1,500,000		Federal Farm Credit Banks		4.8750	1/17/2017	1,704,846
2,500,000		Federal Farm Credit Banks		5.1250	8/25/2016	2,834,985
1,000,000		Federal Home Loan Banks		5.0000	11/17/2017	1,149,225
9,000,000		United States Treasury Note/Bond		3.1250	5/15/2021	9,659,180
2,000,000		United States Treasury Note/Bond		3.8750	5/15/2018	2,241,172
2,500,000		United States Treasury Note/Bond		4.5000	2/15/2036	2,979,590
1,550,000		United States Treasury Note/Bond		4.7500	5/15/2014	1,611,455
						22,180,453
		HAND/MACHINE TOOLS - 1.2 %
1,000,000		Kennametal Inc.		3.8750	2/15/2022	969,652
		HEALTHCARE-PRODUCTS - 0.7 %
500,000		Covidien International Finance SA		2.8000	6/15/2015	517,757
		INSURANCE - 1.1 %
750,000		Willis North America Inc.		6.2000	3/28/2017	835,938
		IRON/STEEL - 0.9 %
750,000		Cliffs Natural Resources Inc.		4.8750	4/1/2021	680,794
		MINING - 1.6 %
750,000		Rio Tinto Finance USA Ltd.		2.5000	5/20/2016	768,340
500,000		Teck Resources Ltd.		6.0000	8/15/2040	467,073
						1,235,413
		MISCELLANEOUS MANUFACTURING - 1.6 %
325,000		Eaton Corp.		5.6000	5/15/2018	372,358
750,000		Tyco Electronics Group SA		6.5500	10/1/2017	869,070
						1,241,428
		OIL & GAS - 6.1 %
750,000		Husky Energy Inc.		3.9500	4/15/2022	758,962
750,000		Marathon Oil Corp.		6.0000	10/1/2017	859,689
1,000,000		Petrobras International Finance Co. - Pifco		3.5000	2/6/2017	997,597
1,000,000		Phillips 66		2.9500	5/1/2017	1,028,242
500,000		Transocean Inc.		6.0000	3/15/2018	559,553
500,000		Valero Energy Corp.		6.6250	6/15/2037	576,417
						4,780,460
		OIL & GAS SERVICES - 2.4 %
1,000,000		Cameron International Corp.		6.3750	7/15/2018	1,174,040
750,000		Weatherford International Ltd/Bermuda		4.9500	10/15/2013	758,072
						1,932,112
		PIPELINES - 7.1 %
1,000,000		Boardwalk Pipelines LP		5.7500	9/15/2019	1,108,620
1,000,000		Energy Transfer Partners LP		6.7000	7/1/2018	1,175,622
500,000		Enterprise Products Operating LLC		6.1250	10/15/2039	557,945
750,000		Kinder Morgan Energy Partners LP		5.1250	11/15/2014	792,649
500,000		ONEOK Inc.		4.2500	2/1/2022	490,098
500,000		ONEOK Inc.		5.2000	6/15/2015	531,697
1,000,000		Plains All American Pipeline LP / PAA Finance Corp.		3.6500	6/1/2022	983,990
						5,640,621
		REITS - 3.9 %
900,000		ERP Operating LP		5.1250	3/15/2016	988,523
1,000,000		Health Care REIT Inc.		3.7500	3/15/2023	947,173
1,000,000		Simon Property Group LP		6.1250	5/30/2018	1,177,529
						3,113,225
		SEMICONDUCTORS - 2.2 %
1,000,000		Altera Corp.		1.7500	5/15/2017	989,694
740,000		Analog Devices Inc.		3.0000	4/15/2016	773,581
						1,763,275
		TRANSPORTATION - 1.1 %
750,000		Canadian National Railway Co.		5.8000	6/1/2016	846,344
		TOTAL BONDS & NOTES (Cost $75,057,600)				75,453,970
		MONEY MARKET FUND - 4.9 %
3,832,253		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $3,832,253)				3,832,253
		TOTAL INVESTMENTS - 100.5 % (Cost $78,889,853)(B)				$            79,286,223
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5) %				(381,958)
		TOTAL NET ASSETS - 100.0%				$            78,904,265
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is 78,889,853 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
				Unrealized appreciation		$               2,130,173
				Unrealized depreciation		(1,733,803)
				Net unrealized appreciation		$                 396,370

Timothy Plan High Yield Bond Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Par Value				Coupon Rate (%)	Maturity	Value
		BONDS & NOTES - 91.2 %
		AUTO MANUFACTURERS - 1.4 %
500,000		Jaguar Land Rover Automotive PLC   *		8.1250	5/15/2021	$                 543,125
449,000		Navistar International Corp		8.2500	11/1/2021	443,388
						986,513
		AUTO PARTS & EQUIPMENT - 1.5 %
500,000		Schaeffler Finance BV   *		8.5000	2/15/2019	560,000
		BANKS - 1.4 %
500,000		Macquarie Bank Ltd.   *		6.6250	4/7/2021	529,859
		BUILDING MATERIALS - 4.2 %
500,000		Cemex Finance LLC   *		9.5000	12/14/2016	531,250
500,000		Gibraltar Industries Inc.   *		6.2500	2/1/2021	505,000
500,000		USG Corp.		9.7500	1/15/2018	570,000
						1,606,250
		CHEMICALS - 1.4 %
500,000		PolyOne Corp.		7.3750	9/15/2020	542,500
		COAL - 2.8 %
500,000		Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp.		8.5000	12/15/2019	535,000
500,000		SunCoke Energy Inc.		7.6250	8/1/2019	521,250
						1,056,250
		COMMERCIAL SERVICES - 3.3 %
500,000		FTI Consulting Inc.   *		6.0000	11/15/2022	505,625
250,000		RR Donnelley & Sons Co.		7.2500	5/15/2018	260,000
500,000		ServiceMaster Co./TN		8.0000	2/15/2020	499,375
						1,265,000
		DISTRIBUTION/WHOLESALE - 0.3 %
125,000		LKQ Corp.   *		4.7500	5/15/2023	119,688
		ELECTRIC - 1.4 %
500,000		NRG Energy Inc.		7.6250	1/15/2018	537,500
		ELECTRICAL COMPONENTS & EQUIPMENT - 2.0 %
500,000		Anixter Inc.		5.6250	5/1/2019	517,500
250,000		General Cable Corp.   *		5.7500	10/1/2022	245,000
						762,500
		ELECTRONICS - 2.6 %
500,000		Jabil Circuit Inc.		4.7000	9/15/2022	483,750
500,000		Sanmina Corp.   *		7.0000	5/15/2019	517,500
						1,001,250
		FOOD - 2.6 %
250,000		Hawk Acquisition Sub Inc.   *		4.2500	10/15/2020	239,688
500,000		Land O' Lakes Inc.   *		6.0000	11/15/2022	515,000
250,000		Pinnacle Foods Finance LLC / Pinnacle Foods Finance Corp.   *		4.8750	5/1/2021	239,375
						994,063
		HAND/MACHINE TOOLS - 1.4 %
500,000		Mcron Finance Sub LLC / Mcron Finance Corp.   *		8.3750	5/15/2019	512,500
		HEALTHCARE-PRODUCTS - 2.6 %
450,000		Biomet Inc.		6.5000	8/1/2020	462,375
500,000		Hologic Inc.		6.2500	8/1/2020	517,500
						979,875
		HEALTHCARE-SERVICES - 1.3 %
500,000		Kindred Healthcare Inc.		8.2500	6/1/2019	506,250
		HOUSEHOLD PRODUCTS/WARES - 1.4 %
500,000		Reynolds Group Issuer Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu		9.0000	4/15/2019	518,750
		INSURANCE - 1.4 %
500,000		QBE Capital Funding III Ltd.   *		7.2500	5/24/2041	528,794
		INTERNET - 1.3 %
500,000		VeriSign Inc.   *		4.6250	5/1/2023	487,500
		IRON/STEEL - 4.2 %
500,000		ArcelorMittal		6.7500	2/25/2022	515,000
500,000		Cliffs Natural Resources Inc.		3.9500	1/15/2018	475,797
100,000		Steel Dynamics Inc.   *		5.2500	4/15/2023	98,250
500,000		United States Steel Corp.		7.5000	3/15/2022	493,750
						1,582,797
		MINING - 2.6 %
500,000		Eldorado Gold Corp.   *		6.1250	12/15/2020	485,000
500,000		FMG Resources August 2006 Pty Ltd.   *		7.0000	11/1/2015	507,500
						992,500
		MISCELLANEOUS MANUFACTURING - 2.7 %
500,000		Actuant Corp.		5.6250	6/15/2022	506,250
250,000		Bombardier Inc.   *		6.1250	1/15/2023	249,375
250,000		Polypore International Inc.		7.5000	11/15/2017	261,875
						1,017,500
		OIL & GAS - 11.9 %
500,000		Calumet Specialty Products Partners LP/Calumet Finance Corp.		9.3750	5/1/2019	537,500
500,000		Comstock Resources Inc.		8.3750	10/15/2017	522,500
100,000		Concho Resources Inc.		5.5000	4/1/2023	99,000
200,000		Continental Resources Inc./OK   *		4.5000	4/15/2023	194,750
500,000		EV Energy Partners LP / EV Energy Finance Corp.		8.0000	4/15/2019	496,875
500,000		Forest Oil Corp.		7.2500	6/15/2019	472,500
500,000		OGX Austria GmbH   *		8.3750	4/1/2022	147,500
500,000		Pacific Drilling SA   *		5.3750	6/1/2020	468,750
500,000		Resolute Energy Corp.		8.5000	5/1/2020	510,625
500,000		Samson Investment Co.   *		10.0000	2/15/2020	529,375
500,000		Tesoro Corp.		5.3750	10/1/2022	508,750
						4,488,125
		OIL & GAS SERVICES - 7.1 %
500,000		Basic Energy Services Inc.		7.7500	2/15/2019	492,500
500,000		Calfrac Holdings LP   *		7.5000	12/1/2020	497,500
320,000		FTS International Services LLC / FTS International Bonds Inc.   *		8.1250	11/15/2018	333,600
289,000		Helix Energy Solutions Group Inc.   *		9.5000	1/15/2016	297,164
500,000		Hornbeck Offshore Services Inc.   *		5.0000	3/1/2021	470,000
500,000		ION Geophysical Corp.   *		8.1250	5/15/2018	471,250
100,000		Oil States International Inc.   *		5.1250	1/15/2023	104,250
						2,666,264
		PACKAGING & CONTAINERS - 2.4 %
250,000		Ball Corp.		4.0000	11/15/2023	230,937
500,000		Sealed Air Corp.   *		5.2500	4/1/2023	483,125
200,000		Sealed Air Corp.   *		6.5000	12/1/2020	211,750
						925,812
		PHARMACEUTICALS - 2.8 %
500,000		Hypermarcas SA   *		6.5000	4/20/2021	507,500
500,000		Omnicare Inc.		7.7500	6/1/2020	550,000
						1,057,500
		PIPELINES - 10.4 %
500,000		Atlas Pipeline Partners LP / Atlas Pipeline Finance Corp.   *		5.8750	8/1/2023	477,500
500,000		Crestwood Midstream Partners LP / Crestwood Midstream Finance Corp.   *		7.7500	4/1/2019	512,500
500,000		Crosstex Energy LP / Crosstex Energy Finance Corp.		8.8750	2/15/2018	532,500
500,000		DCP Midstream LLC   *		5.8500	5/21/2043	482,500
500,000		Energy Transfer Equity LP		7.5000	10/15/2020	548,750
500,000		Genesis Energy LP / Genesis Energy Finance Corp.   *		5.7500	2/15/2021	486,875
500,000		Inergy Midstream LP / NRGM Finance Corp.   *		6.0000	12/15/2020	485,000
250,000		SemGroup LP   *		7.5000	6/15/2021	253,750
500,000		Targa Resources Partners LP / Targa Resources Partners Finance Corp.   *		4.2500	11/15/2023	448,750
250,000		Tesoro Logistics LP / Tesoro Logistics Finance Corp.   *		5.8750	10/1/2020	247,500
						4,475,625
		REITS - 3.2 %
125,000		Corrections Corp. of America   *		4.1250	4/1/2020	120,781
200,000		Geo Group Inc./The   *		5.1250	4/1/2023	191,500
500,000		MPT Operating Partnership LP / MPT Finance Corp.		6.8750	5/1/2021	532,500
325,000		Sabra Health Care LP / Sabra Capital Corp.		8.1250	11/1/2018	350,187
						1,194,968
		RETAIL - 1.4 %
500,000		AmeriGas Finance LLC / AmeriGas Finance Corp.		7.0000	5/20/2022	513,750
		SEMICONDUCTORS - 0.3 %
100,000		NXP BV / NXP Funding LLC   *		5.7500	2/15/2021	101,250
		SOFTWARE - 1.4 %
500,000		MedAssets Inc.		8.0000	11/15/2018	532,500
		TELECOMMUNICATIONS - 5.2 %
500,000		CommScope Inc.   *		8.2500	1/15/2019	531,875
500,000		Digicel Ltd.   *		6.0000	4/15/2021	475,000
500,000		Millicom International Cellular SA   *		4.7500	5/22/2020	476,875
500,000		VimpelCom Holdings BV   *		5.9500	2/13/2023	470,000
						1,953,750
		TRANSPORTATION - 1.3 %
500,000		Martin Midstream Partners LP / Martin Midstream Finance Corp.   *		7.2500	2/15/2021	503,750
		TOTAL BONDS & NOTES (Cost $35,559,827)				35,501,133
		MONEY MARKET FUND - 4.0 %
1,516,699		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $1,516,699)				1,516,699
		TOTAL INVESTMENTS - 95.2 % (Cost $37,076,526)(B)				$            37,017,832
		ASSETS IN EXCESS OF OTHER LIABILITIES - 4.8 %				791,727
		TOTAL NET ASSETS - 100.0%				$            37,809,559
* 144A Security - Security exempt from registration under Rule 144A of the Securities Act of 1933. The 144A securities represent 50.0% of total net assets. The securities may be resold in transactions exempt from registration typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is substantially the same and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
				Unrealized appreciation		$           869,270
				Unrealized depreciation		(927,964)
				Net unrealized depreciation		$            (58,694)

Timothy Plan Israel Common Values Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 94.5 %
		AEROSPACE/DEFENSE - 3.1 %
7,001		Elbit Systems Ltd.		$                             294,602
		BANKS - 11.8 %
13,400		Bank Hapoalim BM  *		304,314
65,000		Bank Leumi Le-Israel BM  *		216,083
19,300		First International Bank Of Israel Ltd.		274,457
120,000		Israel Discount Bank Ltd.  *		201,440
11,000		Mizrahi Tefahot Bank Ltd.  *		110,308
				1,106,602
		CHEMICALS - 4.5 %
17,000		Frutarom Industries Ltd.		256,602
16,400		Israel Chemicals Ltd.		161,868
				418,470
		COMMERCIAL SERVICES - 3.2 %
25,000		Nitsba Holdings 1995 Ltd.  *		298,025
		ELECTRONICS - 4.8 %
18,130		Camtek Ltd/Israel  *		43,512
12,296		Ituran Location and Control Ltd.		207,434
16,300		Orbotech Ltd.  *		202,772
				453,718
		ENERGY-ALTERNATE SOURCES - 2.8 %
47,300		Ormat Industries  *		260,814
		FOOD - 7.9 %
13,000		Osem Investments Ltd.		271,443
5,700		Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.		264,657
59,000		Shufersal Ltd.		209,267
				745,367
		HEALTHCARE-PRODUCTS - 3.5 %
13,000		Given Imaging Ltd.  *		182,130
17,000		Syneron Medical Ltd.  *		147,900
				330,030
		HOME BUILDERS - 2.4 %
1,000		Bayside Land Corp.		225,644
		HOUSEHOLD PRODUCTS/WARES - 2.0 %
2,600		SodaStream International Ltd.  *		188,890
		INTERNET - 3.5 %
7,600		magicJack VocalTec Ltd.  *		107,844
19,000		Perion Network Ltd.  *		217,550
				325,394
		INVESTMENT COMPANIES - 2.6 %
400		Israel Corp. Ltd/The  *		240,673
		OIL&GAS - 12.1 %
38,000		Delek Drilling - LP  *		157,228
1,536,664		Isramco Negev 2 LP  *		261,754
4,400		Noble Energy, Inc.		264,176
355,000		Oil Refineries Ltd.  *		158,588
1,900		Paz Oil Co. Ltd.  *		294,934
				1,136,680
		REAL ESTATE - 16.6 %
28,000		Alony Hetz Properties & Investments Ltd.		175,779
86,000		Amot Investments Ltd.		224,912
7,500		Azrieli Group		222,540
17,000		Gazit-Globe Ltd.		221,853
120,000		Industrial Buildings Corp.		187,263
40,000		Jerusalem Economy Ltd.		286,170
11,366		Melisron Ltd.		239,657
				1,558,174
		SEMICONDUCTORS - 2.1 %
4,000		Mellanox Technologies Ltd.  *		198,000
		SOFTWARE - 4.7 %
45,400		Magic Software Enterprises Ltd.		244,706
14,500		RADWARE Ltd.  *		199,955
				444,661
		TELECOMMUNICATIONS - 6.9 %
7,500		EZchip Semiconductor Ltd.  *		202,425
6,500		NICE Systems Ltd. - ADR		239,785
32,500		Partner Communications Co. Ltd. - ADR		203,775
				645,985
		TOTAL COMMON STOCK (Cost  $7,715,961)		8,871,729
		MONEY MARKET FUND - 5.7 %
537,650		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $537,650)		537,650
		TOTAL INVESTMENTS - 100.2 % (Cost $8,253,613)(B)		$                         9,409,379
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2) %		(16,852)
		TOTAL NET ASSETS - 100.0%		$                         9,392,527
* Non-income producing securities.
(ADR) American Depositary Receipt.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $8,216,278 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
		Unrealized appreciation		$                  1,327,162
		Unrealized depreciation		(134,061)
		Net unrealized appreciation		$                  1,193,101

Timothy Plan International Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 93.8 %
		AIRLINES - 1.8 %
5,100		Copa Holdings SA - Cl. A		$                             668,712
		AUTO MANUFACTURERS - 0.9 %
47,000		Fiat SpA  *		331,115
		AUTO PARTS & EQUIPMENT - 4.9 %
11,800		Magna International, Inc.		840,396
30,000		Valeo SA		944,700
				1,785,096
		BANKS - 11.1%
15,000		Banco Bilbao Vizcaya Argentaria SA		126,150
16,000		Bank Hapoalim BM  *		363,360
107,000		Bank of East Asia Ltd.		391,620
20,139		DBS Group Holdings Ltd.		985,703
57,000		Sberbank of Russia  *		654,360
94,700		Sumitomo Mitsui Financial Group, Inc.		873,134
30,100		Swedbank AB		693,203
				4,087,530
		BUILDING MATERIALS - 1.4 %
34,000		Lafarge SA		514,760
		CHEMICALS - 3.9 %
8,300		Agrium, Inc.		721,768
9,000		Syngenta AG		700,740
				1,422,508
		COSMETICS/PERSONAL CARE - 1.2 %
12,700		Kao Corp.		436,499
		DISTRIBUTION/WHOLESALE - 2.4 %
37,000		ITOCHU Corp.		860,620
		DIVERSIFIED FINANCIAL SERVICES - 2.9 %
15,700		ORIX Corp.		1,072,781
		ELECTRIC - 0.9 %
38,900		Power Assets Holdings Ltd.		335,318
		ELECTRICAL COMPONENTS & EQUIPMENT - 1.6 %
9,000		Hitachi Ltd.		581,040
		ENGINEERING & CONSTRUCTION - 1.4 %
40,000		Vinci SA		502,400
		FOOD - 7.3 %
14,000		Kerry Group PLC		770,560
16,000		Marine Harvest ASA		323,680
10,500		Seven & I Holdings Co. Ltd.		767,025
40,000		WM Morrison Supermarkets PLC		800,000
				2,661,265
		HAND/MACHINE TOOLS - 1.2 %
38,000		Techtronic Industries Co.		454,100
		HEALTHCARE-PRODUCTS - 3.2 %
21,000		Smith & Nephew PLC		1,177,890
		HEALTHCARE-SERVICES - 2.9 %
30,000		Fresenius Medical Care AG & Co. KGaA		1,058,100
		HOME BUILDERS - 1.5 %
39,000		Sekisui House Ltd.		563,940
		HOUSEHOLD PRODUCTS/WARES - 4.1 %
19,000		Henkel AG & Co. KGaA		1,490,930
		INSURANCE - 7.2 %
85,000		Aegon NV		574,600
19,500		Ageas		684,255
31,200		Muenchener Rueckversicherungs AG		574,080
31,000		Zurich Insurance Group AG		807,240
				2,640,175
		MACHINERY-CONSTRUCTION & MINING - 1.4 %
24,000		Atlas Copco AB		514,800
		MACHINERY-DIVERSIFIED - 0.6 %
5,000		CNH Global NV		208,300
		METAL FABRICATE/HARDWARE - 1.0 %
18,000		Assa Abloy AB		352,980
		MINING - 1.3 %
9,000		BHP Billiton PLC		461,430
		MISCELLANEOUS MANUFACTURING - 2.6 %
34,050		FUJIFILM Holdings Corp.		749,100
35,000		Vesuvius PLC		195,139
				944,239
		OFFICE/BUSINESS EQUIPMENT - 1.6 %
18,000		Canon, Inc.		591,660
		OIL & GAS - 7.0 %
50,000		Afren PLC  *		491,226
14,000		Lukoil OAO		807,100
35,368		Statoil ASA - ADR		731,764
11,000		Transocean Ltd.		527,450
				2,557,540
		OIL & GAS SERVICES - 1.1 %
23,500		Subsea 7 SA		417,947
		PACKAGING & CONTAINERS - 1.4 %
13,680		Rexam PLC		499,457
		PHARMACEUTICALS - 2.2 %
8,300		Shire PLC		789,413
		SOFTWARE - 0.6 %
3,000		Open Text Corp.		205,410
		TELECOMMUNICATIONS - 9.5 %
15,000		Globe Telecom, Inc.		559,028
16,000		Nippon Telegraph & Telephone Corp.		416,160
9,500		Philippine Long Distance Telephone Co.		644,670
47,500		Singapore Telecommunications Ltd.		1,410,750
16,852		Softbank Corp.		489,888
				3,520,496
		TRANSPORTATION - 1.7 %
5,000		Canadian Pacific Railway Ltd.		606,900
		TOTAL COMMON STOCK (Cost $29,067,984)		34,315,351
		MONEY MARKET FUND - 6.0 %
2,210,775		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $2,210,775)		2,210,775
		TOTAL INVESTMENTS - 99.8 % (Cost $31,278,759)(B)		$                       36,526,126
		ASSETS IN EXCESS OF OTHER LIABILITIES - 0.2 %		63,052
		TOTAL NET ASSETS - 100.0%		$                       36,589,178
* Non-income producing securities.
(ADR) American Depositary Receipt.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $31,151,249 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
		Unrealized appreciation		$                  6,452,184
		Unrealized depreciation		(1,077,307)
		Net unrealized appreciation		$                  5,374,877

Timothy Plan Large/Mid Cap Growth
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 94.6 %
		AEROSPACE/DEFENSE - 3.4 %
10,450		B/E Aerospace, Inc.  *		$                             659,186
13,145		General Dynamics Corp.		1,029,648
				1,688,834
		APPAREL - 4.0 %
10,375		Carter's, Inc.		768,476
12,570		Hanesbrands, Inc.		646,349
3,130		VF Corp.		604,278
				2,019,103
		BANKS - 5.6 %
22,585		BB&T Corp.		765,180
19,095		CIT Group, Inc.  *		890,400
82,750		Huntington Bancshares, Inc./OH		652,070
16,330		Zions Bancorporation		471,610
				2,779,260
		BIOTECHNOLOGY - 0.6 %
3,425		Alexion Pharmaceuticals, Inc.  *		315,922
		COMMERCIAL SERVICES - 5.4 %
5,592		FleetCor Technologies, Inc.  *		454,630
12,100		SEI Investments Co.		344,003
4,250		Team Health Holdings, Inc.  *		174,548
8,340		United Rentals, Inc.  *		416,249
30,370		Vantiv, Inc. - Cl. A  *		838,212
8,095		Verisk Analytics, Inc. - Cl. A  *		483,272
				2,710,914
		COMPUTERS - 1.4 %
4,250		Cognizant Technology Solutions Corp. - Cl. A  *		266,092
4,100		HIS, Inc. - Cl. A  *		427,958
				694,050
		DISTRIBUTION/WHOLESALE - 1.1 %
8,340		WESCO International, Inc.  *		566,786
		DIVERSIFIED FINANCIAL SERVICES - 3.6 %
1,995		Affiliated Managers Group, Inc.  *		327,060
9,210		Discover Financial Services		438,764
4,840		IntercontinentalExchange, Inc.  *		860,358
1,700		Lazard Ltd. - Cl. A		54,655
4,410		Lazard Ltd. - Cl. A		141,782
				1,822,619
		ELECTRICAL COMPONENTS & EQUIPMENT  - 1.2 %
8,445		AMETEK, Inc.		357,223
2,255		Hubbell, Inc.		223,245
				580,468
		ELECTRONICS - 10.7 %
18,780		Amphenol Corp.		1,463,713
4,550		FEI Co.		332,104
44,700		Jabil Circuit, Inc.		910,986
2,230		Mettler-Toledo International, Inc.  *		448,676
14,770		Thermo Fisher Scientific, Inc.		1,249,985
19,645		Trimble Navigation Ltd.  *		510,966
4,130		Waters Corp.  *		413,207
				5,329,637
		ENTERTAINMENT - 1.2 %
22,245		Cinemark Holdings, Inc.		621,080
		ENVIRONMENTAL CONTROL - 0.9 %
11,170		Waste Connections, Inc.		459,534
		FOOD - 1.4 %
6,625		JM Smucker Co./The		683,369
		HEALTHCARE-PRODUCTS - 3.6 %
18,485		Covidien PLC		1,161,597
9,925		Sirona Dental Systems, Inc.  *		653,859
				1,815,456
		HEALTHCARE-SERVICES - 0.7 %
10,300		ICON PLC  *		364,929
		HOME BUILDERS - 0.7 %
15,295		DR Horton, Inc.		325,478
		INSURANCE - 3.4 %
15,020		ACE Ltd.		1,343,990
12,145		XL Group PLC		368,236
				1,712,226
		INTERNET - 0.9 %
1,340		Equinix, Inc.  *		247,525
8,530		TIBCO Software, Inc.  *		182,542
				430,067
		MACHINERY-DIVERSIFIED - 2.6 %
5,100		Flowserve Corp.		275,451
6,050		Nordson Corp.		419,326
7,200		Rockwell Automation, Inc.		598,608
				1,293,385
		MINING - 1.5 %
28,030		Freeport-McMoRan Copper & Gold, Inc.		773,908
		MISCELLANEOUS MANUFACTURING - 3.2 %
13,125		Actuant Corp.		432,731
18,735		Danaher Corp.		1,185,925
				1,618,656
		OIL & GAS - 9.3 %
3,985		Cabot Oil & Gas Corp.		283,015
6,140		Concho Resources, Inc.  *		514,041
30,300		Denbury Resources, Inc.  *		524,796
18,855		Exxon Mobil Corp.		1,703,549
6,225		Gulfport Energy Corp.  *		293,011
15,020		Occidental Petroleum Corp.		1,340,235
				4,658,647
		OIL & GAS SERVICES - 0.7 %
4,825		Oceaneering International, Inc.		348,365
		PHARMACEUTICALS - 1.7 %
9,190		AmerisourceBergen Corp.		513,078
6,025		BioMarin Pharmaceutical, Inc.  *		336,135
				849,213
		RETAIL - 10.6 %
2,475		AutoZone, Inc.  *		1,048,633
11,065		Dick's Sporting Goods, Inc.		553,914
4,684		Domino's Pizza, Inc.		272,375
12,925		GNC Holdings, Inc. - Cl. A		571,414
13,150		Group 1 Automotive, Inc.		845,939
16,365		Lowe's Cos., Inc.		669,329
3,400		MSC Industrial Direct Co., Inc.		263,364
10,750		PetSmart, Inc.		720,143
6,600		Williams-Sonoma, Inc.		368,874
				5,313,985
		SEMICONDUCTORS - 8.3 %
31,740		Linear Technology Corp.		1,169,302
21,900		Maxim Integrated Products, Inc.		608,382
48,600		NVIDIA Corp.		681,858
41,925		ON Semiconductor Corp.  *		338,754
21,150		Semtech Corp.  *		740,885
15,300		Xilinx, Inc.		606,033
				4,145,214
		SOFTWARE - 2.7 %
19,630		Informatica Corp.  *		686,657
27,785		PTC, Inc.  *		681,566
				1,368,223
		TELECOMMUNICATIONS - 0.7 %
15,970		West Corp.		353,576
		TRANSPORTATION - 3.5 %
4,005		Genesee & Wyoming, Inc.  *		339,784
12,180		Norfolk Southern Corp.		884,877
13,215		Old Dominion Freight Line, Inc.  *		550,008
				1,774,669
		TOTAL COMMON STOCK (Cost $41,231,409)		47,417,573
		MONEY MARKET FUND - 4.9 %
2,450,535		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $2,450,535)		2,450,535
		TOTAL INVESTMENTS - 99.5 % (Cost $43,681,944)(B)		$                       49,868,108
		ASSETS IN EXCESS OF OTHER LIABILITIES - 0.5 %		126,771
		TOTAL NET ASSETS - 100.0%		$                       49,994,879
*Non-income producing securities.
(ADR) American Depositary Receipt.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $43,586,533 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
			Unrealized appreciation	$                          6,912,469
			Unrealized depreciation	(630,894)
			Net unrealized appreciation	$                          6,281,575

Timothy Plan Large/Mid Cap Value Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 89.9 %
		AEROSPACE/DEFENSE - 2.2 %
37,500		General Dynamics Corp.		$                          2,937,375
		AUTO PARTS & EQUIPMENT - 2.0 %
30,500		BorgWarner, Inc.  *		2,627,575
		BANKS - 6.3 %
58,700		CIT Group, Inc.  *		2,737,181
97,200		East West Bancorp, Inc.		2,673,000
34,786		SVB Financial Group  *		2,898,370
				8,308,551
		BEVERAGES - 2.0 %
56,900		Dr Pepper Snapple Group, Inc.		2,613,417
		CHEMICALS - 3.9 %
14,400		Sherwin-Williams Co./The		2,543,040
31,400		Sigma-Aldrich Corp.		2,523,304
				5,066,344
		COMPUTERS - 2.8 %
58,800		Western Digital Corp.		3,650,892
		DISTRIBUTION/WHOLESALE - 2.1 %
10,700		WW Grainger, Inc.		2,698,326
		DIVERSIFIED FINANCIAL SERVICES - 4.4 %
34,400		Eaton Vance Corp.		1,293,096
9,400		Franklin Resources, Inc.		1,278,588
59,200		Invesco Ltd.		1,882,560
41,200		Lazard Ltd. - Cl. A		1,324,580
				5,778,824
		ELECTRIC - 3.9 %
44,800		Dominion Resources, Inc./VA		2,545,536
31,900		NextEra Energy, Inc.		2,599,212
				5,144,748
		ELECTRONICS - 2.2 %
63,500		TE Connectivity Ltd.		2,891,790
		FOOD - 4.9 %
26,100		JM Smucker Co./The		2,692,215
34,900		McCormick & Co. Inc./MD		2,455,564
38,800		Sysco Corp.		1,325,408
				6,473,187
		HEALTHCARE-PRODUCTS - 9.2 %
82,300		CareFusion Corp.  *		3,032,755
40,500		Covidien PLC		2,545,020
25,000		CR Bard Inc.		2,717,000
28,800		DENTSPLY International, Inc.		1,179,648
38,600		Varian Medical Systems, Inc.  *		2,603,570
				12,077,993
		HEALTHCARE-SERVICES - 1.8 %
20,000		DaVita HealthCare Partners, Inc.  *		2,416,000
		HOUSEHOLD PRODUCTS/WARES - 1.0 %
16,300		Tupperware Brands Corp.		1,266,347
		INSURANCE - 5.7 %
28,700		ACE Ltd.		2,568,076
67,700		Axis Capital Holdings Ltd.		3,099,306
62,100		Unum Group		1,823,877
				7,491,259
		LEISURE TIME - 1.0 %
14,400		Polaris Industries, Inc.		1,368,000
		MACHINERY-DIVERSIFIED - 1.9 %
46,200		Flowserve Corp.		2,495,262
		METAL FABRICATE/HARDWARE - 2.1 %
12,300		Precision Castparts Corp.		2,779,923
		MISCELLANEOUS MANUFACTURING - 1.0 %
35,400		AO Smith Corp.		1,284,312
		OIL & GAS - 10.9 %
29,000		Anadarko Petroleum Corp.		2,491,970
18,900		EQT Corp.		1,500,093
41,600		Exxon Mobil Corp.		3,758,560
44,400		Marathon Oil Corp.		1,535,352
14,700		Marathon Petroleum Corp.		1,044,582
32,000		Oasis Petroleum, Inc.  *		1,243,840
31,300		Occidental Petroleum Corp.		2,792,899
				14,367,296
		OIL & GAS SERVICES - 0.9 %
18,100		National Oilwell Varco, Inc.		1,247,090
		PACKAGING & CONTAINERS - 1.1 %
14,300		Rock Tenn Co.		1,428,284
		PHARMACEUTICALS - 2.0 %
42,700		Express Scripts Holding Co.  *		2,634,163
		RETAIL - 5.6 %
41,900		Advance Auto Parts, Inc.		3,401,023
43,700		Family Dollar Stores, Inc.		2,722,947
19,100		PetSmart, Inc.		1,279,509
				7,403,479
		SEMICONDUCTORS - 2.1 %
38,900		Avago Technologies Ltd.		1,454,082
35,700		Microchip Technology, Inc.		1,329,825
				2,783,907
		SOFTWARE - 2.6 %
118,900		CA, Inc.		3,404,107
		TEXTILES - 1.9 %
22,500		Mohawk Industries, Inc.  *		2,531,025
		TRANSPORTATION - 2.4 %
32,700		Canadian National Railway Co.		3,180,729
		TOTAL COMMON STOCK (Cost $92,711,003)		118,350,205
		REITs - 7.2 %
51,100		HCP, Inc.		2,321,984
17,300		Public Storage		2,652,609
45,300		Regency Centers Corp.		2,301,693
31,500		Ventas, Inc.		2,187,990
		TOTAL REITs (Cost $7,448,508)		9,464,276
		MONEY MARKET FUND - 2.2 %
2,867,032		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $2,867,032)		2,867,032
		TOTAL INVESTMENTS - 99.3 % (Cost $103,026,543)(B)		$                     130,681,513
		ASSETS IN EXCESS OF OTHER LIABILITIES - 0.7 %		766,433
		TOTAL NET ASSETS - 100.0%		$                     131,447,946
* Non-income producing securities.
REIT - Real Estate Investment Trust.
(ADR) American Depositary Receipt.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $102,986,572 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
			Unrealized appreciation	$                        28,778,173
			Unrealized depreciation	(1,083,232)
			Net unrealized appreciation	$                        27,694,941

Timothy Plan Small Cap Value Fund
SCHEDULE OF INVESTMENTS  (Unaudited)
June 30, 2013
Shares				Value
		COMMON STOCK - 89.18 %
		AEROSPACE/DEFENSE - 2.2 %
27,700		Moog, Inc.  *		$                          1,427,381
		APPAREL - 2.1 %
24,300		Wolverine World Wide, Inc.		1,327,023
		BANKS - 15.4 %
15,523		Bancfirst Corp.		722,596
98,899		BBCN Bancorp, Inc.		1,406,344
48,147		Chemical Financial Corp.		1,251,340
57,908		Columbia Banking System, Inc.		1,378,790
63,800		First Financial Bancorp		950,620
61,657		Pacific Continental Corp.		727,553
62,407		PrivateBancorp, Inc.		1,323,652
42,154		State Bank Financial Corp.		633,575
36,254		Wintrust Financial Corp.		1,387,803
				9,782,273
		BUILDING MATERIALS - 4.1 %
26,329		Apogee Enterprises, Inc.		631,896
24,050		Boise Cascade Co.  *		611,110
28,500		Trex Co., Inc.  *		1,353,465
				2,596,471
		COMMERCIAL SERVICES - 2.0 %
72,800		Kelly Services, Inc.		1,271,816
		COMPUTERS - 3.2 %
10,534		CACI International, Inc. - Cl. A  *		668,804
32,100		j2 Global, Inc.		1,364,571
				2,033,375
		DISTRIBUTION/WHOLESALE - 2.0 %
33,100		Beacon Roofing Supply, Inc.  *		1,253,828
		ELECTRIC - 4.3 %
27,200		ALLETE, Inc.		1,355,920
34,200		NorthWestern Corp.		1,364,580
				2,720,500
		ELECTRICAL COMPONENTS & EQUIPMENT - 3.2 %
13,612		EnerSys, Inc.		667,533
18,645		Littelfuse, Inc.		1,391,103
				2,058,636
		ELECTRONICS - 4.2 %
24,527		Coherent, Inc.		1,350,702
29,700		Watts Water Technologies, Inc.		1,346,598
				2,697,300
		ENGINEERING & CONSTRUCTION - 1.0 %
29,700		Foster Wheeler AG  *		644,787
		FOOD - 1.2 %
9,463		J&J Snack Foods Corp.		736,221
		FOREST PRODUCTS & PAPER - 2.2 %
34,500		KapStone Paper and Packaging Corp.		1,386,210
		HEALTHCARE-PRODUCTS - 2.0 %
41,006		Given Imaging Ltd.  *		574,494
25,680		Orthofix International NV  *		690,792
				1,265,286
		HOLDING COMPANIES-DIVERSFIED - 2.0 %
35,100		National Bank Holdings Corp. - Cl. A		691,470
30,800		Primoris Services Corp.		607,376
				1,298,846
		HOME BUILDERS - 2.1 %
27,000		Thor Industries, Inc.		1,327,860
		HOME FURNISHINGS - 2.0 %
62,743		DTS, Inc./CA  *		1,291,251
		INSURANCE - 5.1 %
38,046		AMERISAFE, Inc.		1,232,310
29,500		Employers Holdings, Inc.		721,275
12,300		Endurance Specialty Holdings, Ltd.		632,835
14,197		Safety Insurance Group, Inc.		688,696
				3,275,116
		INTERNET - 1.0 %
31,509		CyrusOne, Inc.		653,497
		LEISURE TIME - 1.9 %
26,800		Arctic Cat, Inc.		1,205,464
		MACHINERY-CONSTRUCTION & MINING - 1.0 %
10,576		Hyster-Yale Materials Handling, Inc.		664,067
		MACHINERY-DIVERSIFIED - 3.4 %
46,276		Gorman-Rupp Co./The		1,473,428
23,405		Hurco Cos, Inc.		673,362
				2,146,790
		MINING - 1.9 %
57,900		US Silica Holdings, Inc.		1,203,162
		OFFICE FURNISHINGS - 1.1 %
48,215		Knoll, Inc.		685,135
		OIL & GAS - 6.1 %
37,612		Bonanza Creek Energy, Inc.  *		1,333,721
77,500		Kodiak Oil & Gas Corp.  *		688,975
39,800		Rex Energy Corp.  *		699,684
158,797		Synergy Resources Corp.  *		1,162,394
				3,884,774
		OIL & GAS SERVICES - 2.0 %
82,744		Matrix Service Co.  *		1,289,152
		PIPELINES - 1.0 %
13,621		EQT Midstream Partners LP		665,386
		RETAIL - 2.1 %
12,400		Children's Place Retail Stores, Inc./The  *		679,520
12,300		Lithia Motors, Inc.		655,713
				1,335,233
		SOFTWARE - 3.2 %
34,600		AVG Technologies NV  *		672,970
65,721		Omnicell, Inc.  *		1,350,566
				2,023,536
		TRANSPORTATION - 2.1 %
48,600		Roadrunner Transportation Systems, Inc.  *		1,353,024
		TRUCKING & LEASING - 2.0 %
29,096		TAL International Group, Inc.		1,267,713
		TOTAL COMMON STOCK (Cost $46,946,991)		56,771,113
		REITS - 9.7 %
22,605		Coresite Realty Corp.		719,065
40,500		CubeSmart		647,190
61,500		Inland Real Estate Corp.		628,530
34,600		Potlatch Corp.		1,399,224
19,100		PS Business Parks, Inc.		1,378,447
149,497		Summit Hotel Properties, Inc.		1,412,747
		TOTAL REITs (Cost $5,544,090)		6,185,203
		MONEY MARKET FUND - 1.5 %
983,177		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (A)
		(Cost $983,177)		983,177
		TOTAL INVESTMENTS - 100.3 % (Cost $53,474,258)(B)		$                       63,939,493
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3) %		(245,036)
		TOTAL NET ASSETS - 100.0%		$                       63,694,457
* Non-income producing securities.
REIT - Real Estate Investment Trust.
(A) Variable rate security; the rate shown represents the yield at June 30, 2013.
(B) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $53,580,120 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
			Unrealized appreciation	11,106,951
			Unrealized depreciation	(747,574)
			Net unrealized appreciation	10,359,377

Timothy Plan Strategic Growth Fund
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
Shares				Value
		MUTUAL FUNDS - 100.0 % (A)
277,254		Timothy Plan Aggressive Growth Fund  *		$                          2,248,531
583,640		Timothy Plan Defensive Strategies Fund		6,449,224
533,148		Timothy Plan High Yield Bond Fund		4,963,607
241,792		Timothy Plan Emerging Markets Fund  *		2,355,054
748,299		Timothy Plan International Fund		5,986,392
167,686		Timothy Plan Israel Common Values Fund  *		1,935,094
835,098		Timothy Plan Large/Mid Cap Growth Fund		6,438,604
365,184		Timothy Plan Large/Mid-Cap Value Fund		6,255,610
135,179		Timothy Plan Small-Cap Value Fund		2,462,965
		TOTAL MUTUAL FUNDS (Cost $35,259,619)		39,095,081
		MONEY MARKET FUND - 0.2 %
105,034		Fidelity Institutional Money Market Portfolio, Institutional Class, 0.05% (B) (Cost $105,034)		105,034
		TOTAL INVESTMENTS - 100.2 % (Cost $35,364,653)(C)		$                       39,200,115
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.2) %		(90,055)
		TOTAL NET ASSETS - 100.0%		$                       39,110,060
* Non-income producing securities.
(A) Affiliated Funds - Class A.
(B) Variable rate security; the rate shown represents the yield at March 28, 2013.
(C) Represents cost for financial reporting purposes.  Aggregate cost for federal tax purposes is $38,127,588 and differs from fair value by net unrealized appreciation (depreciation) of securities as follows:
			Unrealized appreciation	$                          4,497,271
			Unrealized depreciation	(3,424,744)
		Net unrealized appreciation		$                          1,072,527

The Timothy Plan
SCHEDULE OF INVESTMENTS (Unaudited)
June 30, 2013
The Portfolios utilize various methods to measure the fair value of most of its investments on a recurring basis.  GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of input are:
Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities that the Portfolios have the ability to access.
Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly.  These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Portfolios’ own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.  Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.  The following tables summarize the inputs used as of June 30, 2013, for the Portfolio’s assets and liabilities measured at fair value:

Aggressive Growth Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$       17,476,230	$                   -	$                   -	$       17,476,230
REITs	14,892	-	-	14,892
Money Market Fund	515,887	-	-	515,887
Total	$       18,007,009	$                   -	$                   -	$       18,007,009
International Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$       34,315,351	$                   -	$                   -	$       34,315,351
Money Market Fund	2,210,775	-	-	2,210,775
Total	$       36,526,126	$                   -	$                   -	$       36,526,126
Large/Mid Cap Growth Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$       47,417,573	$                   -	$                   -	$       47,417,573
Money Market Fund	2,450,535	-	-	2,450,535
Total	$       49,868,108	$                   -	$                   -	$       49,868,108
Small Cap Value Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$       56,771,113	$                   -	$                   -	$       56,771,113
REITs	6,185,203	-	-	6,185,203
Money Market Fund	983,177	-	-	983,177
Total	$       63,939,493	$                   -	$                   -	$       63,939,493
Large/Mid Cap Value Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$     118,350,205	$                   -	$                   -	$     118,350,205
REITs	9,464,276	-	-	9,464,276
Money Market Fund	2,867,032	-	-	2,867,032
Total	$     130,681,513	$                   -	$                   -	$     130,681,513
Fixed Income Fund
Assets	Level 1	Level 2	Level 3	Total
Bonds & Notes	$                   -	$       75,453,970	$                   -	$       75,453,970
Money Market Fund	3,832,253	-	-	3,832,253
Total	$        3,832,253	$       75,453,970	$                   -	$       79,286,223
High Yield Bond Fund
Assets	Level 1	Level 2	Level 3	Total
Bonds& Notes	$                   -	$       35,501,133	$                   -	$       35,501,133
Money Market Fund	1,516,699	-	-	1,516,699
Total	$        1,516,699	$       35,501,133	$                   -	$       37,017,832
Defensive Strategies Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$       17,939,072	$                   -	$                   -	$       17,939,072
REITs	22,078,004	-	-	22,078,004
Exchange Traded Funds	6,424,714	-	-	6,424,714
Bonds & Notes	-	24,217,266	-	24,217,266
Money Market Fund	5,205,130	-	-	5,205,130
Total	$       51,646,920	$       24,217,266	$                   -	$       75,864,186
Strategic Growth Fund
Assets	Level 1	Level 2	Level 3	Total
Mutual Funds	$       39,095,081	$                   -	$                   -	$       39,095,081
Money Market Fund	105,034	-	-	105,034
Total	$       39,200,115	$                   -	$                   -	$       39,200,115
Conservative Growth Fund
Assets	Level 1	Level 2	Level 3	Total
Mutual Funds	$       52,722,361	$                   -	$                   -	$       52,722,361
Money Market Fund	153,673	-	-	153,673
Total	$       52,876,034	$                   -	$                   -	$       52,876,034
Israel Common Values Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$        8,871,729	$                   -	$                   -	$        8,871,729
Money Market Fund	537,650	-	-	537,650
Total	$        9,409,379	$                   -	$                   -	$        9,409,379
Emerging Markets Fund
Assets	Level 1	Level 2	Level 3	Total
Common Stocks	$        6,979,703	$                   -	$                   -	$        6,979,703
REITs	89,126	-	-	89,126
Money Market Fund	1,166,853	-	-	1,166,853
Total	$        8,235,682	$                   -	$                   -	$        8,235,682

There were no transfers in to or out of Level 1 or Level 2 during the current period presented. It is the Trust's policy to record transfers between Level 1 and Level 2 at the end of the reporting period.

The Funds did not hold any Level 3 securities during the period.

Item 2. Controls and Procedures.

(a)

The Registrant’s principal executive officer and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “Act”) (17 CFR 270.30a-3(c)) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the effectiveness of the Registrant’s disclosure controls and procedures as required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes to the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

  Item 3.  Exhibits.  

Certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) (and Item 3 of Form N-Q) are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Timothy Plan Funds

By

*/s/ Arthur D. Ally

                                                             

       Arthur D. Ally, President / Principle Executive Officer

       

Date  

8/27/13

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By

*/s/ Arthur D. Ally

                                                             

       Arthur D. Ally, President / Principle Executive Officer

       

Date

8/27/13

CERTIFICATIONS

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002:

 

I, Arthur D. Ally, certify that:

 

1. I have reviewed this report on Form N-Q of The Timothy Plan;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

By	/s/ Arthur D. Ally
	Arthur D. Ally, President / Principal Executive Officer, Treasurer / Principal Financial Officer
Date:	8/27/13