# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0000811869-25-000286
**Filing Date:** 2025-12
**Character Count:** 44453
**Document Hash:** cf57976e3af9392791d7e682ad580e83
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000811869-25-000286.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000811869-25-000286

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**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:** 251603833

**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 Government Bond Fund (Series ID: S000028848)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000088463 | Class A      | TBFAX           |
| C000088464 | Class S      | TBFIX           |

## 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 GOVERNMENT BOND FUND

- **b. EDGAR series identifier (if any):** S000028848

- **c. LEI of Series:** 549300BMAP0CZO213A55

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $49323345.94

**Total Liabilities:** $6061013.42

**Net Assets:** $43262332.52

**Delayed Delivery Securities:** $5728851.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1950.00000000 | **1-Year:** -111.00000000 | **5-Year:** -1146.00000000 | **10-Year:** -1692.00000000 | **30-Year:** -11434.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000088464 | 1.46%                | 1.01%                | 0.55%                |
| Class ID C000088463 | 1.44%                | 0.99%                | 0.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35696.07                | $391634.57                                 |
| Month 2  | $233100.31               | $21642.52                                  |
| Month 3  | $9826.37                 | $123449.15                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Custom US Government and Agency Bond Fund benchmark

- **Index Identifier:** I38428US

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HHGC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    275000 | PA      | $276756.45    | 0.64%             | 2054-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HH6C0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $256540.88    | 0.59%             | 2029-09-25      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HLBX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    275000 | PA      | $268949.53    | 0.62%             | 2055-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HFNZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $253982.28    | 0.59%             | 2029-07-25      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| United States Department of The Treasury  | U.S. Treasury Bonds                                                                     | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1650000 | PA      | $1672945.31   | 3.87%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HN6B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    400000 | PA      | $405993.44    | 0.94%             | 2030-05-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137ASKK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |     12826 | PA      | $12625.87     | 0.03%             | 2041-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks Office of Finance | Federal Home Loan Bank                                                                  | CUSIP: 3130AV4S8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    950000 | PA      | $950106.42    | 2.20%             | 2043-03-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 01F0306B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    475000 | PA      | $420820.31    | 0.97%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140L2PV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83395 | PA      | $68636.67     | 0.16%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HHHY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    475000 | PA      | $479156.11    | 1.11%             | 2034-09-25      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HBPD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $259804.20    | 0.60%             | 2029-01-25      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HN2E7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    325000 | PA      | $312698.46    | 0.72%             | 2055-09-25      | Fixed         | 5.00%                 | No            |                  2 | 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        |    161379 | NS      | $161379.21    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association - REMIC                                           | CUSIP: 3136A9YP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |     73044 | PA      | $69057.09     | 0.16%             | 2032-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HDV56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $306649.71    | 0.71%             | 2029-05-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137H8WJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    800000 | PA      | $774045.60    | 1.79%             | 2052-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association - REMIC                                           | CUSIP: 3136BTNH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |    117915 | PA      | $116664.97    | 0.27%             | 2053-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT STUDENT LN TR 2021-1              | Navient Student Loan Trust                                                              | CUSIP: 63942NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368935 | PA      | $315372.17    | 0.73%             | 2069-12-26      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| United States Department of The Treasury  | U.S. Treasury Notes                                                                     | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $1888421.88   | 4.37%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Federal Agricultural Mortgage Corporation | Federal Agricultural Mortgage Corporation Real Estate Trust                             | CUSIP: 307910AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    114198 | PA      | $114670.26    | 0.27%             | 2054-08-01      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through                 | CUSIP: 3132DMY41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    391573 | PA      | $322279.17    | 0.74%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137ATPA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    133663 | PA      | $120862.86    | 0.28%             | 2042-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 01F0506B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1800000 | PA      | $1790796.56   | 4.14%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XJQS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    547175 | PA      | $496498.65    | 1.15%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through                 | CUSIP: 3132DTHZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87168 | PA      | $82255.62     | 0.19%             | 2047-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through                 | CUSIP: 3132DVJ55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    281468 | PA      | $293998.84    | 0.68%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XDND4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108089 | PA      | $88959.09     | 0.21%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 10-Yr. Pass Through                  | CUSIP: 3140XNJ54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564363 | PA      | $541492.79    | 1.25%             | 2033-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XHQG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    537528 | PA      | $503079.59    | 1.16%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HFAM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    450000 | PA      | $441501.84    | 1.02%             | 2054-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Department of The Treasury  | U.S. Treasury Notes                                                                     | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5350000 | PA      | $5331191.43   | 12.32%            | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HESTIA II ISSUER LLC              | Sunnova Hestia II Issuer, LLC                                                           | CUSIP: 86746FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272639 | PA      | $273110.59    | 0.63%             | 2051-07-20      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 31397BJ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    124895 | PA      | $124657.53    | 0.29%             | 2032-01-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137H7RW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    350000 | PA      | $334409.67    | 0.77%             | 2035-09-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 40-Yr. Pass Through                  | CUSIP: 3140FXTF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    316243 | PA      | $286518.86    | 0.66%             | 2061-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HNN46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $252826.45    | 0.58%             | 2030-09-25      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XJYU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1631500 | PA      | $1608619.31   | 3.72%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 15-Yr. Pass Through                  | CUSIP: 01F0504B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    775000 | PA      | $782532.19    | 1.81%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - SLST                                           | CUSIP: 35564C2S5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    300000 | PA      | $257703.15    | 0.60%             | 2035-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140QVAU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    377100 | PA      | $394811.15    | 0.91%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association - REMIC                                           | CUSIP: 3136BLB25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |    209435 | PA      | $158070.77    | 0.37%             | 2052-02-25      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - SLST                                           | CUSIP: 35564CKA4<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    700000 | PA      | $625079.56    | 1.44%             | 2031-05-26      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 40-Yr. Pass Through                  | CUSIP: 3140FXVK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    823726 | PA      | $677094.55    | 1.57%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through                 | CUSIP: 3133KHK54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    349462 | PA      | $315534.61    | 0.73%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137FYCL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |   1121576 | PA      | $98910.98     | 0.23%             | 2051-03-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HCKV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    600000 | PA      | $621140.46    | 1.44%             | 2029-03-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co                       | CBOT 2-Yr. U.S. Treasury Note                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |        38 | NC      | $-7448.38     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ECMC GROUP STUDENT LN TR 2025-1           | ECMC Group Student Loan Trust                                                           | CUSIP: 26829WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372316 | PA      | $372538.36    | 0.86%             | 2025-11-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HIGHER ED LN CORP           | Granite Edvance Corporation                                                             | CUSIP: 644622AC6<br>LEI: 254900HSRKF2XFNCHT93 | Long             | ABS-O            | CORP              | US        |    137154 | PA      | $138259.50    | 0.32%             | 2060-09-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 40-Yr. Pass Through                  | CUSIP: 3140FXUH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    331852 | PA      | $312665.79    | 0.72%             | 2061-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ACCESS FDG 2013-1 LLC                     | Access Group, Inc.                                                                      | CUSIP: 00434QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    207426 | PA      | $207366.80    | 0.48%             | 2036-02-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HGR EDU STUDENT LOAN CORP     | Kentucky Higher Education Student Loan Corporation Student Loan Rev.                    | CUSIP: 49130NFB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351926 | PA      | $342723.49    | 0.79%             | 2051-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association - REMIC                                           | CUSIP: 3136AM2W8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |    205893 | PA      | $195481.01    | 0.45%             | 2045-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XJBQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    462476 | PA      | $430389.51    | 0.99%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Thrivent Mutual Funds                     | Thrivent Core Short-Term Reserve Fund                                                   | CUSIP: 88588C207<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    270000 | NS      | $2700000.00   | 6.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ECMC GROUP STUDENT LN TR 2024-1           | ECMC Group Student Loan Trust                                                           | CUSIP: 26828PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252899 | PA      | $254913.62    | 0.59%             | 2025-11-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - SCRT                                           | CUSIP: 35563PQN2<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    322481 | PA      | $258758.09    | 0.60%             | 2059-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Department of The Treasury  | U.S. Treasury Notes                                                                     | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3225000 | PA      | $3223992.19   | 7.45%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Whole Loan Securities Trust                      | CUSIP: 3137G1AK3<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    202016 | PA      | $177405.15    | 0.41%             | 2045-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HESTIA I ISSUER LLC               | Sunnova Hestia I Issuer, LLC                                                            | CUSIP: 86746BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    613328 | PA      | $619057.79    | 1.43%             | 2050-12-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Department of The Treasury  | U.S. Treasury Notes                                                                     | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    874000 | PA      | $885744.38    | 2.05%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - SLST                                           | CUSIP: 35564CUE5<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    400000 | PA      | $347017.92    | 0.80%             | 2035-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137H8JT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |     67414 | PA      | $66672.22     | 0.15%             | 2051-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140X9S63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71817 | PA      | $59108.18     | 0.14%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 20-Yr. Pass Through                  | CUSIP: 31418DPM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    448794 | PA      | $429902.02    | 0.99%             | 2040-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Agricultural Mortgage Corporation | Federal Agricultural Mortgage Corporation Real Estate Trust                             | CUSIP: 30768WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | USGSE             | US        |    743838 | PA      | $616938.43    | 1.43%             | 2051-01-25      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HLAY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    259559 | PA      | $259096.60    | 0.60%             | 2052-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HGR EDU LOAN AUTH             | Missouri Higher Education Loan Auth.                                                    | CUSIP: 606072LC8<br>LEI: 549300MTJ0T46T0MPL41 | Long             | ABS-O            | MUN               | US        |    297745 | PA      | $272461.20    | 0.63%             | 2061-01-25      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HH4B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    250000 | PA      | $251108.25    | 0.58%             | 2054-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association - REMIC                                           | CUSIP: 3136BUNX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | USGSE             | US        |    450000 | PA      | $446201.19    | 1.03%             | 2055-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XPQG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    433490 | PA      | $443377.23    | 1.02%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MTG TR 2024-4                  | J.P. Morgan Mortgage Trust                                                              | CUSIP: 46657WAP3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    175000 | PA      | $179503.05    | 0.41%             | 2054-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GOODGREEN 2019-1                          | Goodgreen                                                                               | CUSIP: 38218DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161323 | PA      | $146595.90    | 0.34%             | 2054-10-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140XQDT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88322 | PA      | $83508.84     | 0.19%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HMMA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    225000 | PA      | $219855.87    | 0.51%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Gold 15-Yr. Pass Through                         | CUSIP: 3132A9Q26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    113470 | PA      | $110082.35    | 0.25%             | 2030-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 15-Yr. Pass Through                 | CUSIP: 3132CXTS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    354073 | PA      | $361983.99    | 0.84%             | 2040-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140X8TA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    432943 | PA      | $354747.87    | 0.82%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Discount Notes                                    | CUSIP: 313589QV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | STIV             | USGSE             | US        |    100000 | PA      | $99451.11     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 01F0406B8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    450000 | PA      | $426918.37    | 0.99%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Department of The Treasury  | U.S. Treasury Bonds                                                                     | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $248632.81    | 0.57%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HBLT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    239765 | PA      | $226353.42    | 0.52%             | 2054-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE VY AUTH                         | Tennessee Valley Authority                                                              | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    420000 | PA      | $423869.70    | 0.98%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HDXL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    475000 | PA      | $483106.97    | 1.12%             | 2029-07-25      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates | CUSIP: 3137HB3D4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    400000 | PA      | $411414.44    | 0.95%             | 2028-10-25      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HJ4Y0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    425000 | PA      | $417379.54    | 0.96%             | 2055-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through                 | CUSIP: 3133KRMN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     53580 | PA      | $53823.64     | 0.12%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137HFZM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    234000 | PA      | $237641.04    | 0.55%             | 2050-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140X9SV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    709903 | PA      | $612619.20    | 1.42%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 15-Yr. Pass Through                  | CUSIP: 3140W15W9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    233625 | PA      | $229555.39    | 0.53%             | 2032-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation Conventional 30-Yr. Pass Through                 | CUSIP: 3133KPF52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    401696 | PA      | $384581.24    | 0.89%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association     | Federal National Mortgage Association Conventional 30-Yr. Pass Through                  | CUSIP: 3140QDWK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    451468 | PA      | $410547.16    | 0.95%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation    | Federal Home Loan Mortgage Corporation - REMIC                                          | CUSIP: 3137FTPL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-CBDO         | USGSE             | US        |    550239 | PA      | $442290.96    | 1.02%             | 2050-03-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Thrivent Mutual Funds

**Signature:** Sarah L. Bergstrom

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

**Title:** Treasurer and Principal Accounting Officer