# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0001752724-25-156729
**Filing Date:** 2025-6
**Character Count:** 33396
**Document Hash:** 313a8e77077d52db5a7a26574c23132b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156729.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-156729

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THRIVENT MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000811869

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05075
- **FILM NUMBER:** 251075413

**BUSINESS ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE, SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211
- **BUSINESS PHONE:** 612-844-7190

**MAIL ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE, SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AAL MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Thrivent Large Cap Value Fund (Series ID: S000001366)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003645 | Class A      | AAUTX           |
| C000003647 | Class S      | TLVIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Thrivent Mutual Funds

- **b. Investment Company Act file number:** 811-05075

- **c. CIK number of Registrant:** 0000811869

- **d. LEI of Registrant:** 549300K3CUETFK7U3B57

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

  - **Street Address 1:** 901 Marquette Avenue

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402-3211

  - **Telephone number:** 612-844-5168

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

- **a. Name of Series:** THRIVENT LARGE CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000001366

- **c. LEI of Series:** 549300I9I6ET3JG7F433

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2489247067.05

**Total Liabilities:** $524399.59

**Net Assets:** $2488722667.46

**Cash Not Reported:** $1049.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003645 | -0.30%               | -2.83%               | -3.64%               |
| Class ID C000003647 | -0.26%               | -2.84%               | -3.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5290050.13              | $-17382554.73                              |
| Month 2  | $-4107726.93             | $-74448550.18                              |
| Month 3  | $32356026.86             | $-128251742.65                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CF INDS HLDGS INC                 | CF Industries Holdings, Inc.                                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |    493922 | NS      | $38708667.14  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK NEW YORK MELLON CORP         | Bank of New York Mellon Corporation                          | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    328548 | NS      | $26418544.68  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SMUCKER J M CO                    | J.M. Smucker Company                                         | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |    204822 | NS      | $23814653.94  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LABCORP HLDGS INC                 | Labcorp Holdings, Inc.                                       | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143791 | NS      | $34655068.91  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SVC ENTERPRISE GROUP INC   | Public Service Enterprise Group, Inc.                        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    363324 | NS      | $29040487.32  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODS PARTNERS L P     | Enterprise Products Partners, LP                             | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   1219067 | NS      | $36450103.30  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COTY INC                          | Coty, Inc.                                                   | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |   2670596 | NS      | $13486509.80  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON CO                    | Halliburton Company                                          | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |    644086 | NS      | $12765784.52  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP                        | Nucor Corporation                                            | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    295858 | NS      | $35316569.46  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTL GROUP INC           | American International Group, Inc.                           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |    314662 | NS      | $25651246.24  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KENVUE INC                        | Kenvue, Inc.                                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |   1398763 | NS      | $33010806.80  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC               | Gilead Sciences, Inc.                                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    232584 | NS      | $24779499.36  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                | Meta Platforms, Inc.                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     69295 | NS      | $38042955.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC        | Verizon Communications, Inc.                                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   1168301 | NS      | $51475342.06  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                         | Amgen, Inc.                                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     37480 | NS      | $10903681.60  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                       | Corteva, Inc.                                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    315291 | NS      | $19544889.09  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX CORP                          | CSX Corporation                                              | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    701042 | NS      | $19678248.94  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP                       | Cigna Group                                                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     82410 | NS      | $28022696.40  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTMAN CHEM CO                   | Eastman Chemical Company                                     | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    157414 | NS      | $12120878.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                    | ConocoPhillips                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    357317 | NS      | $31844091.04  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                      | QUALCOMM, Inc.                                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    264912 | NS      | $39328835.52  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                 | Johnson & Johnson                                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    370263 | NS      | $57875809.53  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC DEL           | Delta Air Lines, Inc.                                        | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    765487 | NS      | $31867223.81  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO NEW              | Wells Fargo & Company                                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1154383 | NS      | $81972736.83  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                       | Avantor, Inc.                                                | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    721818 | NS      | $9376415.82   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER BROS DISCOVERY INC         | Warner Brothers Discovery, Inc.                              | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   1672602 | NS      | $14501459.34  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYS INC                     | Cisco Systems, Inc.                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    954604 | NS      | $55109288.92  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC             | Micron Technology, Inc.                                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    158327 | NS      | $12183262.65  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS INC          | Marsh & McLennan Companies, Inc.                             | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     54951 | NS      | $12389801.97  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC       | BioMarin Pharmaceutical, Inc.                                | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    181379 | NS      | $11552028.51  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC            | UnitedHealth Group, Inc.                                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    112664 | NS      | $46354476.16  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC NEW                     | Aptiv plc                                                    | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |    242782 | NS      | $13853140.92  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                       | Vistra Energy Corporation                                    | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    158265 | NS      | $20515891.95  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP NEW                  | Entergy Corporation                                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    622307 | NS      | $51757273.19  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS CORP             | General Dynamics Corporation                                 | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     97026 | NS      | $26402715.12  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP         | Constellation Energy Corporation                             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    117497 | NS      | $26253529.68  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                     | Allstate Corporation                                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    100017 | NS      | $19842372.63  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                        | Sysco Corporation                                            | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |    551884 | NS      | $39404517.60  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AVALONBAY CMNTYS INC              | AvalonBay Communities, Inc.                                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     56079 | NS      | $11775468.42  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US     | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  55279168 | NS      | $55279167.68  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SVC INC             | United Parcel Service, Inc.                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    208180 | NS      | $19839554.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD   | Taiwan Semiconductor Manufacturing Company, Ltd. ADR         | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    157469 | NS      | $26248507.61  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA SPORTSWEAR CO            | Columbia Sportswear Company                                  | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |    124467 | NS      | $7738113.39   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORP                    | TD SYNNEX Corporation                                        | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    291708 | NS      | $32321246.40  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE RLTY TR INC            | Healthcare Realty Trust, Inc.                                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |   1458243 | NS      | $22646513.79  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMENTUM HLDGS INC                 | Amentum Holdings, Inc.                                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    511488 | NS      | $11160668.16  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP NEW              | Duke Energy Corporation                                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    386583 | NS      | $47170857.66  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI                            | Sanofi SA ADR                                                | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    589415 | NS      | $32388354.25  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS SOLUTIONS INC              | Jacobs Solutions, Inc.                                       | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    174141 | NS      | $21558655.80  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNT J B TRANS SVCS INC           | JB Hunt Transport Services, Inc.                             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    127865 | NS      | $16696611.70  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| D R HORTON INC                    | D.R. Horton, Inc.                                            | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |    237713 | NS      | $30032660.42  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO               | JPMorgan Chase & Company                                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    207109 | NS      | $50663003.58  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDL N V                      | CNH Industrial NV                                            | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |   2467905 | NS      | $28553660.85  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORP NEW             | Devon Energy Corporation                                     | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    579399 | NS      | $17619523.59  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP NEW                       | KeyCorp                                                      | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |   1535066 | NS      | $22780379.44  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST CTZNS BANCSHARES INC        | First Citizens BancShares, Inc./NC                           | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |     13387 | NS      | $23817347.18  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                      | Alphabet, Inc., Class C                                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    211109 | NS      | $33965327.01  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC      | Wyndham Hotels & Resorts, Inc.                               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    234375 | NS      | $19992187.50  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SONY GROUP CORP                   | Sony Group Corporation ADR                                   | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |   1030025 | NS      | $26780650.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| CHUBB LTD                         | Chubb, Ltd.                                                  | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |    120220 | NS      | $34392537.60  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COS INC                     | Lowe's Companies, Inc.                                       | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    136072 | NS      | $30420256.32  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETE CORP                | Marathon Petroleum Corporation                               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |    123603 | NS      | $16984288.23  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWSERVE CORP                    | Flowserve Corporation                                        | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    504852 | NS      | $22834455.96  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HEXCEL CORP NEW                   | Hexcel Corporation                                           | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |    328039 | NS      | $15900050.33  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                  | Crown Castle, Inc.                                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    279993 | NS      | $29612059.68  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                  | Exxon Mobil Corporation                                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    628328 | NS      | $66370286.64  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Thrivent Mutual Funds             | Thrivent Cash Management Trust                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  27022050 | NS      | $27022050.00  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                         | Shell plc ADR                                                | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    227087 | NS      | $14642569.76  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DISCOVER FINL SVCS                | Discover Financial Services                                  | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |    146013 | NS      | $26672194.71  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD        | Samsung Electronics Company, Ltd.                            | CUSIP: 700593000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    862673 | NS      | $33659377.03  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHS CORP | International Business Machines Corporation                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    100223 | NS      | $24235925.86  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC         | L3Harris Technologies, Inc.                                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    126368 | NS      | $27803487.36  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                       | MetLife, Inc.                                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    355778 | NS      | $26814987.86  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK AMER CORP                    | Bank of America Corporation                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1518779 | NS      | $60568906.52  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP NEW                  | Comcast Corporation                                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    805912 | NS      | $27562190.40  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HLDGS INC                 | Booking Holdings, Inc.                                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      4713 | NS      | $24032906.64  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCORA INC                       | Cencora, Inc.                                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     64435 | NS      | $18858191.45  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC                    | CBRE Group, Inc.                                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    146150 | NS      | $17856607.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO INC NEW                | Merck & Company, Inc.                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    487908 | NS      | $41569761.60  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINL CORP             | Capital One Financial Corporation                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    150148 | NS      | $27065678.48  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC     | Intercontinental Exchange, Inc.                              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    153776 | NS      | $25829754.72  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTL INC                | Honeywell International, Inc.                                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    172380 | NS      | $36285990.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HLDGS INC           | Zimmer Biomet Holdings, Inc.                                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    277566 | NS      | $28603176.30  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                   | Caterpillar, Inc.                                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     45472 | NS      | $14063125.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP NEW           | Charles Schwab Corporation                                   | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    589937 | NS      | $48020871.80  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                    | Microsoft Corporation                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    175941 | NS      | $69542439.66  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

**Name of Applicant:** Thrivent Mutual Funds

**Signature:** Sarah L. Bergstrom

**Name of Signer:** Sarah L. Bergstrom

**Title:** Treasurer and Principal Accounting Officer