# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0000811869-25-000139
**Filing Date:** 2025-9
**Character Count:** 33891
**Document Hash:** 17382ba0c40538a154fd94ab731f1493
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000811869-25-000139.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0000811869-25-000139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**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:** 251342711

**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           |

## Nport-Ex

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## 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:** 2025-07-31

**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:** $3027192012.80

**Total Liabilities:** $5116595.31

**Net Assets:** $3022075417.49

**Cash Not Reported:** $373539.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003629 | 5.06%                | 3.59%                | 2.16%                |
| Class ID C000003627 | 5.06%                | 3.56%                | 2.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28494762.02             | $109616366.72                              |
| Month 2  | $51588160.52             | $47573770.23                               |
| Month 3  | $46332007.41             | $15868631.03                               |

### 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        |  26029216 | NS      | $26029216.31  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE FINL SVCS CORP                 | Enterprise Financial Services Corporation                    | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |    266729 | NS      | $14720773.51  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SHARKNINJA INC                            | SharkNinja, Inc.                                             | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    523505 | NS      | $60778930.50  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TECHNIPFMC PLC                            | TechnipFMC plc                                               | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |   1025705 | NS      | $37304890.85  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCE AUTO PTS INC                      | Advance Auto Parts, Inc.                                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    840355 | NS      | $44597639.85  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J SNACK FOODS CORP                    | J & J Snack Foods Corporation                                | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |    248093 | NS      | $28007218.77  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                  | Fabrinet                                                     | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |    124672 | NS      | $40360066.56  | 1.34%             |  |  |  | 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        |    862290 | NS      | $39242817.90  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VIEMED HEALTHCARE INC                     | Viemed Healthcare, Inc.                                      | CUSIP: 92663R105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1015012 | NS      | $6181423.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILD-A-BEAR WORKSHOP INC                 | Build-A-Bear Workshop, Inc.                                  | CUSIP: 120076104<br>LEI: 529900S9MWZC1UBF3D13 | Long             | EC               | CORP              | US        |    579119 | NS      | $29367124.49  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                        | Expand Energy Corporation                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    227972 | NS      | $23886906.16  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                    | Group 1 Automotive, Inc.                                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     65587 | NS      | $27031682.05  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGYNY INC                               | Progyny, Inc.                                                | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1307829 | NS      | $30747059.79  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORP                     | Encompass Health Corporation                                 | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    391833 | NS      | $43144731.63  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORP                             | Repligen Corporation                                         | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |    278975 | NS      | $32659603.25  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TWIST BIOSCIENCE CORP                     | Twist Bioscience Corporation                                 | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |    819928 | NS      | $27524982.96  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX CO INC                               | Trex Company, Inc.                                           | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    619326 | NS      | $39785502.24  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIUMPH BANCORP INC                       | Triumph Financial, Inc.                                      | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    807174 | NS      | $45782909.28  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DAYFORCE INC                              | Dayforce, Inc.                                               | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |    801678 | NS      | $46232770.26  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS INC              | Wyndham Hotels & Resorts, Inc.                               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    451482 | NS      | $38827452.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPERITY BANCSHARES INC                 | Prosperity Bancshares, Inc.                                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    566501 | NS      | $37740296.62  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Semiconductor ETF                 | iShares Semiconductor ETF                                    | CUSIP: 464287523<br>LEI: 5493004SPI3IF1GDIR85 | Long             |  | RF                | US        |    186134 | NS      | $44677744.02  | 1.48%             |  |  |  | No            |                  1 | On Loan: —       |
| BWX TECHNOLOGIES INC                      | BWX Technologies, Inc.                                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    310925 | NS      | $47238835.25  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HOULIHAN LOKEY INC                        | Houlihan Lokey, Inc.                                         | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    206438 | NS      | $39359469.08  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GREIF INC                                 | Greif, Inc.                                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |    583182 | NS      | $36991234.26  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MOOG INC                                  | Moog, Inc.                                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |    228363 | NS      | $44206509.54  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HLDGS INC                         | Medpace Holdings, Inc.                                       | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     62770 | NS      | $26815344.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDL CORP PLC                       | Gates Industrial Corporation plc                             | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |   1993895 | NS      | $49448596.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MFG CO                             | Modine Manufacturing Company                                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    284196 | NS      | $38241413.76  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER NATL INC WIS                    | Schneider National, Inc.                                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |   1555343 | NS      | $38028136.35  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LITTELFUSE INC                            | Littelfuse, Inc.                                             | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |    166707 | NS      | $42898712.31  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN & WAKEFIELD PLC                   | Cushman and Wakefield plc                                    | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |   3472387 | NS      | $42328397.53  | 1.40%             |  |  |  | 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        |    939289 | NS      | $39919782.50  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TR            | National Storage Affiliates Trust                            | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |   1546025 | NS      | $45545896.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LANDSTAR SYS INC                          | Landstar System, Inc.                                        | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |    245059 | NS      | $32683518.83  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LIMBACH HLDGS INC                         | Limbach Holdings, Inc.                                       | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     72301 | NS      | $9905237.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT CO                              | Crane NXT Company                                            | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    834419 | NS      | $49514423.46  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST FRASER TIMBER CO LTD                 | West Fraser Timber Company, Ltd.                             | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |    610457 | NS      | $42310774.67  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GEN ELEC CO                      | Portland General Electric Company                            | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    700309 | NS      | $28796706.08  | 0.95%             |  |  |  | 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        |   1825133 | NS      | $36447906.01  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERPAC TOOL GROUP CORP                   | Enerpac Tool Group Corporation                               | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |    576223 | NS      | $22190347.73  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMED CORP NEW                           | Chemed Corporation                                           | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     66866 | NS      | $27568851.80  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PLEXUS CORP                               | Plexus Corporation                                           | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |    187580 | NS      | $23916450.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWESTERN ENERGY GROUP INC             | Northwestern Energy Group, Inc.                              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    338333 | NS      | $18168482.10  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SANFILIPPO JOHN B & SON INC               | John B. Sanfilippo & Son, Inc.                               | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |    701332 | NS      | $44401328.92  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIOS TECHNOLOGIES INC                   | Helios Technologies, Inc.                                    | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |   1079028 | NS      | $39589537.32  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRENO RLTY CORP                         | Terreno Realty Corporation                                   | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    711226 | NS      | $39465930.74  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATL BANCORP IND                      | Old National Bancorp                                         | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |   1446431 | NS      | $30534158.41  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARZETTI CO                               | Marzetti Company                                             | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |    233351 | NS      | $41480473.76  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IVANHOE MINES LTD                         | Ivanhoe Mines, Ltd.                                          | CUSIP: 46579R955<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |   4678255 | NS      | $36498222.11  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Thrivent Mutual Funds                     | Thrivent Cash Management Trust                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  50212230 | NS      | $50212230.00  | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| AGREE RLTY CORP                           | Agree Realty Corporation                                     | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194869 | NS      | $13972107.30  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT COMMUNICATIONS HLDGS INC           | Cogent Communications Holdings                               | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    739895 | NS      | $33731813.05  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KORN FERRY                                | Korn Ferry                                                   | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    537136 | NS      | $38066828.32  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BADGER INFRASTRUCTURE SOLUTIONS LTD       | Badger Infrastructure Solutions, Ltd.                        | CUSIP: 056533953<br>LEI: 254900BS2WTIBXVDKM03 | Long             | EC               | CORP              | CA        |   1398003 | NS      | $52758066.45  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| PENUMBRA INC                              | Penumbra, Inc.                                               | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |    190053 | NS      | $47944670.31  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOT BARN HLDGS INC                       | Boot Barn Holdings, Inc.                                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |    218474 | NS      | $37555680.60  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC                        | Champion Homes, Inc.                                         | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    635994 | NS      | $38732034.60  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INGEVITY CORP                             | Ingevity Corporation                                         | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    648315 | NS      | $27093083.85  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| IES HLDGS INC                             | IES Holdings, Inc.                                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |    108823 | NS      | $38422136.61  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLER INDS INC TENN                      | Miller Industries, Inc.                                      | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |    193831 | NS      | $7898613.25   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRETT BUSINESS SVCS INC                 | Barrett Business Services, Inc.                              | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |   1212825 | NS      | $55753565.25  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| LA Z BOY INC                              | La-Z-Boy, Inc.                                               | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |    969210 | NS      | $34862483.70  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| STEVANATO GROUP S P A                     | Stevanato Group SPA                                          | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |   1508300 | NS      | $37270093.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: —       |
| OLIN CORP                                 | Olin Corporation                                             | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    957668 | NS      | $18138231.92  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINL INC                             | Ally Financial, Inc.                                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    834028 | NS      | $31567959.80  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA BIOLOGICS INC                        | ADMA Biologics, Inc.                                         | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2001237 | NS      | $37423131.90  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEWATER BANCSHARES INC                | Bridgewater Bancshares, Inc.                                 | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |   1706936 | NS      | $26559924.16  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS HOLDINGS LIMITED                      | WNS Holdings, Ltd.                                           | CUSIP: G98196101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |    772113 | NS      | $57746331.27  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| GLACIER BANCORP INC NEW                   | Glacier Bancorp, Inc.                                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    997727 | NS      | $43730374.41  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TURNING PT BRANDS INC                     | Turning Point Brands, Inc.                                   | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |    471676 | NS      | $39120807.44  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RES CO                            | Matador Resources Company                                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    676014 | NS      | $33719578.32  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRE INC                                 | Spire, Inc.                                                  | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    455374 | NS      | $33911701.78  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTMT CORP DEL                  | Six Flags Entertainment Corporation                          | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |    898642 | NS      | $26923314.32  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC                       | Onto Innovation, Inc.                                        | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    145856 | NS      | $13819856.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI CORP                                  | RLI Corporation                                              | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    886250 | NS      | $58483637.50  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD REP INTL CORP                         | Old Republic International Corporation                       | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    824559 | NS      | $29824299.03  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation | Federal Agricultural Mortgage Corporation                    | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |    261464 | NS      | $45042403.28  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JFROG LTD                                 | JFrog, Ltd.                                                  | CUSIP: M6191J100<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |   1031270 | NS      | $44767430.70  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM TECHNOLOGIES INC                      | TTM Technologies, Inc.                                       | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    806625 | NS      | $38113031.25  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERBRAND INC                           | Masterbrand, Inc.                                            | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |   2418422 | NS      | $26675194.66  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CORVEL CORP                               | CorVel Corporation                                           | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203468 | NS      | $18027264.80  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DONNELLEY FINL SOLUTIONS INC              | Donnelley Financial Solutions, Inc.                          | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |    867533 | NS      | $45944547.68  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP INDS INC                              | UFP Industries, Inc.                                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    352254 | NS      | $34520892.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC                           | Pegasystems, Inc.                                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |   1245340 | NS      | $73113911.40  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Thrivent Mutual Funds

**Signature:** Sarah L. Bergstrom

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

**Title:** Treasurer and Principal Accounting Officer