# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0001752724-25-156757
**Filing Date:** 2025-6
**Character Count:** 35810
**Document Hash:** fa56dca285e89c77104f70a6cdc928ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156757.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-156757

**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:** 251075436

**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 Small Cap Stock Fund (Series ID: S000001358)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003627 | Class A      | AASMX           |
| C000003629 | Class S      | TSCSX           |

## 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 SMALL CAP STOCK FUND

- **b. EDGAR series identifier (if any):** S000001358

- **c. LEI of Series:** 54930033VZGELENQRN13

**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:** $2742839275.10

**Total Liabilities:** $1633280.49

**Net Assets:** $2741205994.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003629 | -5.61%               | -6.21%               | -3.24%               |
| Class ID C000003627 | -5.64%               | -6.20%               | -3.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12957603.77            | $-174892042.51                             |
| Month 2  | $34070426.68             | $-234737544.47                             |
| Month 3  | $-81232105.47            | $-15453297.52                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State Street Institutional US             | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  20219961 | NS      | $20219961.28  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA INC                            | SharkNinja, Inc.                                             | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    478240 | NS      | $38498320.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                            | TechnipFMC plc                                               | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |    937019 | NS      | $26395825.23  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TRONOX HLDGS PLC                          | Tronox Holdings plc                                          | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |   1159035 | NS      | $6270379.35   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EXLSERVICE HLDGS INC                      | ExlService Holdings, Inc.                                    | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |    695641 | NS      | $33724675.68  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE AUTO PTS INC                      | Advance Auto Parts, Inc.                                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    767696 | NS      | $25119013.12  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J SNACK FOODS CORP                    | J & J Snack Foods Corporation                                | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |    226643 | NS      | $29370666.37  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SKECHERS U S A INC                        | Skechers USA, Inc.                                           | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |    624230 | NS      | $29975524.60  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                  | Fabrinet                                                     | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |    193767 | NS      | $39733861.02  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NT BUTTERFIELD & SON LTD          | Bank of N.T. Butterfield & Son, Ltd.                         | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    787733 | NS      | $31651111.94  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VIEMED HEALTHCARE INC                     | Viemed Healthcare, Inc.                                      | CUSIP: 92663R105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1612175 | NS      | $11398077.25  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILD-A-BEAR WORKSHOP INC                 | Build-A-Bear Workshop, Inc.                                  | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |    286040 | NS      | $10091491.20  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                        | Expand Energy Corporation                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    208261 | NS      | $21638317.90  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                    | Group 1 Automotive, Inc.                                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     59916 | NS      | $24183895.08  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGYNY INC                               | Progyny, Inc.                                                | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1194751 | NS      | $27288112.84  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAP GROUP INC                     | Kinsale Capital Group, Inc.                                  | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     65195 | NS      | $28376775.70  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORP                     | Encompass Health Corporation                                 | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    357955 | NS      | $41877155.45  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORP                             | Repligen Corporation                                         | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    254854 | NS      | $35167303.46  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TWIST BIOSCIENCE CORP                     | Twist Bioscience Corporation                                 | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |    749034 | NS      | $28702982.88  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX CO INC                               | Trex Company, Inc.                                           | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    565777 | NS      | $32713226.14  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATION           | Western Alliance Bancorp                                     | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    465752 | NS      | $32467571.92  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIUMPH BANCORP INC                       | Triumph Financial, Inc.                                      | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    737383 | NS      | $39390999.86  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DAYFORCE INC                              | Dayforce, Inc.                                               | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |    732361 | NS      | $42381731.07  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC              | Wyndham Hotels & Resorts, Inc.                               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    412444 | NS      | $35181473.20  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES INC                 | Prosperity Bancshares, Inc.                                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    517519 | NS      | $35139540.10  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NOBLE CORP PLC                            | Noble Corporation plc                                        | CUSIP: G65431127<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |    984233 | NS      | $21397225.42  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES INC                      | BWX Technologies, Inc.                                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    284040 | NS      | $30994444.80  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HOULIHAN LOKEY INC                        | Houlihan Lokey, Inc.                                         | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    188589 | NS      | $30566505.12  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GREIF INC                                 | Greif, Inc.                                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |    532758 | NS      | $27959139.84  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MOOG INC                                  | Moog, Inc.                                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |    208618 | NS      | $34891360.50  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HLDGS INC                         | Medpace Holdings, Inc.                                       | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     77092 | NS      | $23774401.88  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDL CORP PLC                       | Gates Industrial Corporation plc                             | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |   1821496 | NS      | $34462704.32  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MFG CO                             | Modine Manufacturing Company                                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    259623 | NS      | $21195621.72  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TIMKEN CO                                 | Timken Company                                               | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    484876 | NS      | $31153283.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER NATL INC WIS                    | Schneider National, Inc.                                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |   1420863 | NS      | $30534345.87  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LITTELFUSE INC                            | Littelfuse, Inc.                                             | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |    152292 | NS      | $27764354.52  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN & WAKEFIELD PLC                   | Cushman and Wakefield plc                                    | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   3172154 | NS      | $29723082.98  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSN HLDGS INC             | Knight-Swift Transportation Holdings, Inc.                   | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    858075 | NS      | $33610797.75  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TR            | National Storage Affiliates Trust                            | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |   1412350 | NS      | $52539420.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LANDSTAR SYS INC                          | Landstar System, Inc.                                        | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |    223870 | NS      | $30032160.50  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corporation                                        | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |    374787 | NS      | $17525040.12  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT CO                              | Crane NXT Company                                            | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    762273 | NS      | $35765849.16  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST FRASER TIMBER CO LTD                 | West Fraser Timber Company, Ltd.                             | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    557675 | NS      | $41256796.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GEN ELEC CO                      | Portland General Electric Company                            | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    639758 | NS      | $26946606.96  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CONCENTRA GROUP HLDGS PARENT INC          | Concentra Group Holdings Parent, Inc.                        | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1236152 | NS      | $26886306.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERPAC TOOL GROUP CORP                   | Enerpac Tool Group Corporation                               | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    526401 | NS      | $21250808.37  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMED CORP NEW                           | Chemed Corporation                                           | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     61085 | NS      | $35521538.35  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PLEXUS CORP                               | Plexus Corporation                                           | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |    171362 | NS      | $20979849.66  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWESTERN ENERGY GROUP INC             | Northwestern Energy Group, Inc.                              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    309079 | NS      | $17997670.17  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SANFILIPPO JOHN B & SON INC               | John B. Sanfilippo & Son, Inc.                               | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |    640692 | NS      | $42458658.84  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIOS TECHNOLOGIES INC                   | Helios Technologies, Inc.                                    | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |    985731 | NS      | $26871027.06  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO RLTY CORP                         | Terreno Realty Corporation                                   | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    649731 | NS      | $36599347.23  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LANCASTER COLONY CORP                     | Lancaster Colony Corporation                                 | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |    213174 | NS      | $34700463.72  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD                         | Ivanhoe Mines, Ltd.                                          | CUSIP: 46579R955<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |   2524226 | NS      | $22411523.46  | 0.82%             |  |  |  | No            |                  2 | On Loan: —       |
| Thrivent Mutual Funds                     | Thrivent Cash Management Trust                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   2510000 | NS      | $2510000.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AGREE RLTY CORP                           | Agree Realty Corporation                                     | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178020 | NS      | $13816132.20  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT COMMUNICATIONS HLDGS INC           | Cogent Communications Holdings                               | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    675921 | NS      | $36736306.35  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KORN FERRY                                | Korn Ferry                                                   | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    490694 | NS      | $30275819.80  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BADGER INFRASTRUCTURE SOLUTIONS LTD       | Badger Infrastructure Solutions, Ltd.                        | CUSIP: 056533953<br>LEI: 254900BS2WTIBXVDKM03 | Long             | EC               | CORP              | CA        |   1604437 | NS      | $45714699.96  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| PENUMBRA INC                              | Penumbra, Inc.                                               | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |    173621 | NS      | $50843173.64  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOT BARN HLDGS INC                       | Boot Barn Holdings, Inc.                                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |    199584 | NS      | $20824594.56  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC                        | Champion Homes, Inc.                                         | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    306853 | NS      | $26542784.50  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| INGEVITY CORP                             | Ingevity Corporation                                         | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    725985 | NS      | $23942985.30  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| IES HLDGS INC                             | IES Holdings, Inc.                                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |    130553 | NS      | $25677164.04  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLER INDS INC TENN                      | Miller Industries, Inc.                                      | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |    342713 | NS      | $13986117.53  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRETT BUSINESS SVCS INC                 | Barrett Business Services, Inc.                              | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |   1109227 | NS      | $44990247.12  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| LA Z BOY INC                              | La-Z-Boy, Inc.                                               | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |    885409 | NS      | $34973655.50  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| STEVANATO GROUP S P A                     | Stevanato Group SPA                                          | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |   1377888 | NS      | $28742743.68  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STS LIME & MINERALS INC            | United States Lime & Minerals, Inc.                          | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     61107 | NS      | $5714115.57   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OLIN CORP                                 | Olin Corporation                                             | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    874864 | NS      | $18914559.68  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINL INC                             | Ally Financial, Inc.                                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    761915 | NS      | $24884143.90  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA BIOLOGICS INC                        | ADMA Biologics, Inc.                                         | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1484293 | NS      | $35326173.40  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEWATER BANCSHARES INC                | Bridgewater Bancshares, Inc.                                 | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |   1830410 | NS      | $28170009.90  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS HOLDINGS LIMITED                      | WNS Holdings, Ltd.                                           | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |    725370 | NS      | $43899392.40  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B CORP PA                             | F.N.B. Corporation                                           | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |   2403387 | NS      | $31460335.83  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GLACIER BANCORP INC NEW                   | Glacier Bancorp, Inc.                                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    911461 | NS      | $37151150.36  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TURNING PT BRANDS INC                     | Turning Point Brands, Inc.                                   | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |    430894 | NS      | $26448273.72  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RES CO                            | Matador Resources Company                                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    617563 | NS      | $24418441.02  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRE INC                                 | Spire, Inc.                                                  | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    416000 | NS      | $31840640.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTMT CORP DEL                  | Six Flags Entertainment Corporation                          | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |    820942 | NS      | $28248614.22  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC                       | Onto Innovation, Inc.                                        | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    133245 | NS      | $16251892.65  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI CORP                                  | RLI Corporation                                              | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    809621 | NS      | $59920050.21  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation | Federal Agricultural Mortgage Corporation                    | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |    238857 | NS      | $41878797.81  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JFROG LTD                                 | JFrog, Ltd.                                                  | CUSIP: M6191J100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    942103 | NS      | $31814818.31  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM TECHNOLOGIES INC                      | TTM Technologies, Inc.                                       | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |   2205582 | NS      | $44155751.64  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND INC                           | Masterbrand, Inc.                                            | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |   2646752 | NS      | $32158036.80  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CORVEL CORP                               | CorVel Corporation                                           | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185876 | NS      | $20215873.76  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DONNELLEY FINL SOLUTIONS INC              | Donnelley Financial Solutions, Inc.                          | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |    792524 | NS      | $38199656.80  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                                | Ciena Corporation                                            | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    457431 | NS      | $30721065.96  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDS INC                              | UFP Industries, Inc.                                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    321796 | NS      | $31809534.60  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC                           | Pegasystems, Inc.                                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    568831 | NS      | $52377958.48  | 1.91%             |  |  |  | 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