# EDGAR Filing Document

**Accession Number:** 0000811869
**File Stem:** 0001752724-23-064439
**Filing Date:** 2023-3
**Character Count:** 78919
**Document Hash:** ac54d5524e65f68100aec214cd94fae2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064439.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001752724-23-064439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THRIVENT MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0000811869
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05075
- **FILM NUMBER:** 23755420

**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 High Income Municipal Bond Fund (Series ID: S000061361)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000198645 | Class S      | THMBX           |

## 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 HIGH INCOME MUNICIPAL BOND FUND

- **b. EDGAR series identifier (if any):** S000061361

- **c. LEI of Series:** 549300G7LPIEUX0LPZ35

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $34247756.13

**Total Liabilities:** $396759.70

**Net Assets:** $33850996.43

**Delayed Delivery Securities:** $290312.50

**Cash Not Reported:** $81797.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4.24000000 | **1-Year:** -79.50000000 | **5-Year:** -624.00000000 | **10-Year:** -6426.98000000 | **30-Year:** -15585.94000000

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

- **3-Month:** 0.00000000 | **1-Year:** -31.54000000 | **5-Year:** -314.42000000 | **10-Year:** -2368.09000000 | **30-Year:** -7718.86000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198645 | 6.66%                | -0.36%               | 4.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-233463.65              | $2285584.22                                |
| Month 2  | $-160011.80              | $-66816.89                                 |
| Month 3  | $-170542.50              | $1480816.80                                |

**Designated Index Information**

- **Index Name:** Bloomberg High Yield Municipal Bond Indx

- **Index Identifier:** LMHYTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Metropolitan Pier & Exposition Authority Illinois Dedicated St Tax Rev                                             | Metropolitan Pier and Exposition Auth., IL Rev. (McCormick Place Expansion) (NATL-RE Insured)                                      | CUSIP: 592247K66<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    115000 | PA      | $68729.43     | 0.20%             | 2035-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                                                                                     | North Carolina Medical Care Commission Retirement Fac. Rev. Refg. (Plantation Village, Inc.)                                       | CUSIP: 65820YSS6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $402666.25    | 1.19%             | 2052-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH CHRT                                                                                     | Delaware Economic Development Auth. Charter School Rev. (Newark Charter School, Inc.)                                              | CUSIP: 246372AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $355438.16    | 1.05%             | 2051-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DownrIVer Utility Wastewater Authority Michigan Sewer System Rev                                                   | Downriver Utility Wastewater Auth. Rev. Refg. (AGM Insured)                                                                        | CUSIP: 26111PAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $250842.87    | 0.74%             | 2031-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Philadelphia Pennsylvania Authority For Industrial Development Revs                                                | Philadelphia, PA Auth. for Industrial Development Rev. (Cathedral Village)                                                         | CUSIP: 7178188K7<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250973.30    | 0.74%             | 2039-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN                                                                                      | New Hope Cultural Education Fac. Finance Corporation, TX Retirement Fac. Rev. (Army Retirement Residence Foundation)               | CUSIP: 64542UGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240068.00    | 0.71%             | 2052-07-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co                                                                                                | CBOT U.S. Long Bond                                                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -10 | NC      | $-45574.60    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Tobacco Settlement Financing Corporation N J                                                                       | Tobacco Settlement Financing Corporation, NJ Rev. Refg.                                                                            | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $313429.77    | 0.93%             | 2046-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks Office of Finance                                                                          | Federal Home Loan Bank Discount Notes                                                                                              | CUSIP: 313384BQ1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | STIV             | USGSE             | US        |    100000 | PA      | $99912.78     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE                                                                                     | Salem, OR Hospital Fac. Auth. Rev. Refg. (Capital Manor)                                                                           | CUSIP: 794458GL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $250113.21    | 0.74%             | 2057-05-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Buckeye Ohio Tobacco Settlement Financing Auth                                                                     | Buckeye Tobacco Settlement Financing Auth., OH Rev. Refg.                                                                          | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $281287.63    | 0.83%             | 2055-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority Water Furnishing Rev                                              | California Pollution Control Financing Auth. Rev. Refg. (San Diego County Water Auth. Desalination)                                | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $256026.53    | 0.76%             | 2039-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HANNIBAL MO BRD PUB WK COPS                                                                                        | Hannibal, MO Board of Public Works C.O.P                                                                                           | CUSIP: 410617AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $324923.34    | 0.96%             | 2032-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                                                                                      | Connecticut Health & Educational Fac. Auth. Rev. (McLean Issue)                                                                    | CUSIP: 20775DHH8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $240648.18    | 0.71%             | 2045-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU                                                                                     | Colorado Educational and Cultural Fac. Auth. Rev. Refg. (Global Village Academy - Northglenn)                                      | CUSIP: 19645UER1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    150000 | PA      | $128731.25    | 0.38%             | 2050-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Prince Georges County Maryland Special Oblig                                                                       | Prince George's County, MD Tax Allocation (West Phalia Town Center)                                                                | CUSIP: 74172RBN6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203016.36    | 0.60%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| New Jersey St Transportation Trust Fund Auth                                                                       | New Jersey Transportation Trust Fund Auth. Rev.                                                                                    | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    225000 | PA      | $229116.35    | 0.68%             | 2045-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                                                                                     | Florida Development Finance Corporation Educational Fac. Rev. (River City Science Academy)                                         | CUSIP: 34061UGS1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $209052.13    | 0.62%             | 2055-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GUAM PWR AUTH REVENUE                                                                                              | Guam Power Auth. Rev. Refg.                                                                                                        | CUSIP: 400653JZ5<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | GU        |    300000 | PA      | $335445.84    | 0.99%             | 2034-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facs Financing Authority Rev                                                            | Florida Higher Educational Fac. Financing Auth. Rev. (Ringling College)                                                            | CUSIP: 34073TMJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303858.00    | 0.90%             | 2049-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| St Joseph Minnesota Senior Housing & Healthcare Rev                                                                | St. Joseph, MN Senior Housing & Healthcare Rev. (Woodcrest of Country Manor)                                                       | CUSIP: 790755AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $188273.54    | 0.56%             | 2055-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA                                                                                          | Private Colleges and Universities Auth., GA Rev. Refg. (Mercer University)                                                         | CUSIP: 74265L2K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $433277.48    | 1.28%             | 2051-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH                                                                                     | Alachua County, FL Health Fac. Auth. Rev. Refg. (Oak Hammock at the University of Florida, Inc.)                                   | CUSIP: 010684AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $200685.78    | 0.59%             | 2046-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE                                                                                     | Apple Valley, MN Senior Housing Rev. (PHS Apple Valley Senior Housing, Inc. - Orchard Path Phase II)                               | CUSIP: 03800RBE5<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    290000 | PA      | $252611.11    | 0.75%             | 2041-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority Health Care Facs Rev                                                            | Montana Fac. Finance Auth. Health Care Fac. Rev. (Montana Children's Home and Hospital)                                            | CUSIP: 612043LN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $196536.13    | 0.58%             | 2050-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                                                                     | Arizona Industrial Development Auth. Education Rev. (Academies of Math & Science)                                                  | CUSIP: 04052BSZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247951.40    | 0.73%             | 2053-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Michigan St Strategic Fund Limited Obligation Rev                                                                  | Michigan Strategic Fund Limited Obligation Rev. (I-75 Improvement)                                                                 | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $229680.79    | 0.68%             | 2043-12-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SO                                                                                     | California Municipal Finance Auth. Solid Waste Disposal Rev. (Waste Management, Inc.)                                              | CUSIP: 13048RAL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251848.50    | 0.74%             | 2041-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOTEL REVEN                                                                                     | Public Finance Auth., WI Hotel Rev. (Grand Hyatt San Antonio Hotel Acquisition)                                                    | CUSIP: 74447DAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    335000 | PA      | $325453.51    | 0.96%             | 2052-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Kent County Delaware Student Housing & Dining Facility Rev                                                         | Kent County, DE Student Housing and Dining Fac. Rev. (CHF-Dover, LLC - Delaware State University)                                  | CUSIP: 490237AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230386.86    | 0.68%             | 2040-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL                                                                                     | Chandler, AZ Industrial Development Auth. Rev. (Intel Corporation)                                                                 | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264824.83    | 0.78%             | 2027-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                                                         | Public Finance Auth., WI Rev. (Texas Biomedical Research Institute)                                                                | CUSIP: 74442PSX4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    350000 | PA      | $327156.73    | 0.97%             | 2040-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OVERLAND PARK KS SALES TAX SPL                                                                                     | Overland Park, KS Sales Tax Special Obligation Rev. (Bluhawk Sports Park)                                                          | CUSIP: 69030SAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154875.92    | 0.46%             | 2042-11-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP                                                                                     | California Municipal Finance Auth. Special Tax Rev.                                                                                | CUSIP: 13051AFS2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257588.05    | 0.76%             | 2052-09-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority                                                             | Colorado Educational and Cultural Fac. Auth. Rev. (Aspen View Academy)                                                             | CUSIP: 19645UGG3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    350000 | PA      | $293915.93    | 0.87%             | 2051-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP SENIOR                                                                                     | Florida Development Finance Corporation Senior Living Rev. Refg. (Glenridge Palmer Ranch)                                          | CUSIP: 34061WAY0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $207005.65    | 0.61%             | 2051-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facs Authority Rev                                                                                 | Colorado Health Fac. Auth. Hospital Rev. Refg. (Commonspirit Health)                                                               | CUSIP: 19648FKT0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    350000 | PA      | $329099.12    | 0.97%             | 2049-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH LTD OBLIG                                                                                     | Michigan Finance Auth. Higher Education Fac. Limited Obligation Rev. Refg. (Calvin University)                                     | CUSIP: 594479GJ0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    200000 | PA      | $190919.16    | 0.56%             | 2046-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Colorado High Performance Transportation Enterprise Rev                                                            | Colorado High Performance Transportation Enterprise Rev.                                                                           | CUSIP: 19648DAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $221021.42    | 0.65%             | 2056-12-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                                                                         | Public Finance Auth., WI Rev. (Fargo-Moorhead Metropolitan Area Flood Risk Management)                                             | CUSIP: 74442PTG0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $406332.95    | 1.20%             | 2056-03-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Port Beaumont Texas Navigation District Dock & Wharf Facility Rev                                                  | Port of Beaumont, TX Navigation District Fac. Rev. Refg. (Dock and Wharf Jefferson Gulf Coast Energy)                              | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    250000 | PA      | $186315.43    | 0.55%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                                                                                     | Tarrant County, TX Cultural Education Fac. Finance Corporation Hospital Rev. (Baylor Scott and White Health)                       | CUSIP: 87638QSD2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    250000 | PA      | $284318.03    | 0.84%             | 2047-11-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Orange County Florida Health Facs Authority Rev                                                                    | Orange County, FL Health Fac. Auth. Hospital Rev. (Orlando Health)                                                                 | CUSIP: 68450LFR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264561.20    | 0.78%             | 2047-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                                                                                     | Virginia Small Business Financing Auth. Rev. Refg. (Elizabeth River Crossings OpCo, LLC)                                           | CUSIP: 928104NX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $484050.90    | 1.43%             | 2039-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST                                                                                           | Dallas, TX Independent School District School Building U.T.G.O. Refg. (PSF-GTD Insured)                                            | CUSIP: 235308L50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $290521.68    | 0.86%             | 2038-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority Rev                                                                                         | Iowa Finance Auth. Rev. (Lifespace Communities, Inc.)                                                                              | CUSIP: 46246K3Q3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    160000 | PA      | $155020.64    | 0.46%             | 2032-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Pennsylvania St Turnpike Commission Turnpike Rev                                                                   | Pennsylvania Turnpike Commission Rev. Refg.                                                                                        | CUSIP: 709224L98<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    225000 | PA      | $255346.00    | 0.75%             | 2032-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUFFOLK CNTY NY ECON DEV CORPR                                                                                     | Suffolk County, NY Economic Development Corporation Rev. (St. Johnland Assisted Living, Inc.)                                      | CUSIP: 86476RDN1<br>LEI: 5493003FN78GO4R0BJ89 | Long             | DBT              | MUN               | US        |    250000 | PA      | $193058.43    | 0.57%             | 2054-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV                                                                                     | Woodbury, MN Charter School Lease Rev. Refg. (MSA Building Company)                                                                | CUSIP: 979134AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $175611.40    | 0.52%             | 2050-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&                                                                                     | Texas Municipal Gas Acquisition and Supply Corporation III Rev. Refg.                                                              | CUSIP: 88256HBG2<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53496.35     | 0.16%             | 2031-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation Special Facility Rev                                               | New York Transportation Development Corporation Special Fac. Rev. (LaGuardia Airport )                                             | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $230998.93    | 0.68%             | 2036-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                                                                     | Arizona Industrial Development Auth. Education Rev. (KIPP Nashville)                                                               | CUSIP: 04052BSS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358124.13    | 1.06%             | 2047-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority Illinois Dedicated St Tax Rev                                             | Metropolitan Pier and Exposition Auth., IL Rev. Refg. (McCormick Place Expansion) (NATL-RE Insured)                                | CUSIP: 592248EE4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    220000 | PA      | $239578.83    | 0.71%             | 2029-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Osceola County Florida Transportation Rev                                                                          | Osceola County, FL Transportation Rev. Refg.                                                                                       | CUSIP: 688031EY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $97386.48     | 0.29%             | 2043-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REVENUE                                                                                          | Charlotte, NC Airport Rev. Refg. (Charlotte Douglas International Airport)                                                         | CUSIP: 161036UQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249525.93    | 0.74%             | 2052-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Ohio St Turnpike Commission Turnpike Rev                                                                           | Ohio Turnpike Commission Rev.                                                                                                      | CUSIP: 67760HKR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $181515.06    | 0.54%             | 2034-02-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| IRVING TX HOTEL OCCUPANCY TAXR                                                                                     | Irving, TX Rev. Refg.                                                                                                              | CUSIP: 463805DK4<br>LEI: 5493002R7BX8XPQ92O37 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308518.38    | 0.91%             | 2043-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CAMDEN CNTY NJ IMPT AUTH SCH R                                                                                     | Camden County, NJ Improvement Auth. School Rev. (Kipp: Cooper Norcross Academy - 2022)                                             | CUSIP: 13281PAC1<br>LEI: 549300UTQBT9ZE0QFB15 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170816.61    | 0.50%             | 2052-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Lancaster County Pennsylvania Hospital Authority Rev                                                               | Lancaster County, PA Hospital Auth. Rev. Refg. (St. Anne's Retirement Community, Inc.)                                             | CUSIP: 514045V75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $209147.03    | 0.62%             | 2050-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Tennessee Health & Educational Facs Board Educational Facs Rev | Metropolitan Government of Nashville and Davidson County, TN Health and Educational Fac. Rev. Refg. (Trevecca Nazarene University) | CUSIP: 592029AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314790.27    | 0.93%             | 2034-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR                                                                                     | Cleveland-Cuyahoga County, OH Port Auth. Rev. Refg. (Flats East Bank)                                                              | CUSIP: 18611HAB1<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    245000 | PA      | $207255.99    | 0.61%             | 2055-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Maryland St Economic Development Corporation Economic Development Rev                                              | Maryland Economic Development Corporation Rev. (Seagirt Marine Terminal)                                                           | CUSIP: 57420NCU3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208122.40    | 0.61%             | 2044-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                                                                                      | Pennsylvania Economic Development Financing Auth. Rev. (Penndot Major Bridges Package One)                                         | CUSIP: 70868YAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $236047.01    | 0.70%             | 2037-06-30      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority Student Housing & Academic Facility Rev                                                 | Illinois Finance Auth. Student Housing and Academic Fac. Rev. (University of Illinois at Chicago)                                  | CUSIP: 45203KAN5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152858.88    | 0.45%             | 2037-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C                                                                                     | Duluth, MN Economic Development Auth. Health Care Fac. Rev. (St. Luke's Hospital of Duluth Obligated Group)                        | CUSIP: 26444CKK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260195.60    | 0.77%             | 2047-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH                                                                                     | Seminole County, FL Industrial Development Auth. Educational Fac. Rev. (Galileo Schools for Gifted Learning)                       | CUSIP: 816686AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $218838.29    | 0.65%             | 2056-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority New York Rev                                                                 | Metropolitan Transportation Auth., NY Rev.                                                                                         | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    250000 | PA      | $273079.70    | 0.81%             | 2045-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority Economic Development Rev                                        | South Carolina Jobs Economic Development Auth. Rev. (Bishop Gadsden Episcopal Retirement Community)                                | CUSIP: 837031ZA4<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    200000 | PA      | $180759.00    | 0.53%             | 2054-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY SD ECON DEV REVEN                                                                                     | Lincoln County, SD Economic Development Rev. (Augustana College Association)                                                       | CUSIP: 53340EAB3<br>LEI: 549300USXDZ5FGJLUV88 | Long             | DBT              | MUN               | US        |    250000 | PA      | $207499.40    | 0.61%             | 2051-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                                                                                     | Massachusetts Development Finance Agency Rev. (Merrimack College)                                                                  | CUSIP: 57584Y4J5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204190.70    | 0.60%             | 2052-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                                                                                     | Florida Development Finance Corporation Educational Fac. Rev. (River City Science Academy)                                         | CUSIP: 34061UJN9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151866.83    | 0.45%             | 2051-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority Special Facility Rev                                                        | California Municipal Finance Auth. Rev. (LINXS APM)                                                                                | CUSIP: 13048VBY3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    225000 | PA      | $229761.27    | 0.68%             | 2043-12-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Salt Lake City Utah Airport Rev                                                                                    | Salt Lake City, UT Airport Rev.                                                                                                    | CUSIP: 795576HG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240010.67    | 0.71%             | 2036-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH                                                                                     | Minnesota Higher Education Fac. Auth. Rev. (University of St. Thomas)                                                              | CUSIP: 60416JFL9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    320000 | PA      | $339815.10    | 1.00%             | 2052-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation Sales Tax Rev                                                          | Puerto Rico Sales Tax Financing Corporation Rev.                                                                                   | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $442576.08    | 1.31%             | 2040-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SPORTS FACS AUTH                                                                                       | Illinois Sports Fac. Auth. Rev. Refg.                                                                                              | CUSIP: 452143FU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310137.66    | 0.92%             | 2031-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK DESERT PUB INFRASTRUCTUR                                                                                     | Black Desert Public Infrastructure District, UT L.T.G.O.                                                                           | CUSIP: 09204PAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $385667.95    | 1.14%             | 2051-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                                                                                       | Illinois Finance Auth. Rev. (Plymouth Place, Inc.)                                                                                 | CUSIP: 45204FSN6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208651.40    | 0.62%             | 2047-05-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN                                                                                     | Florida Development Finance Corporation Educational Fac. Lease Rev. Refg. (Seaside Community Charter School)                       | CUSIP: 34062FAB6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $209180.98    | 0.62%             | 2047-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Louisville Kentucky Regional Airport Authority Special Facs Rev                                                    | Louisville, KY Regional Airport Auth. Rev. (BT-OH, LLC)                                                                            | CUSIP: 546848AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.59%             | 2036-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Deephaven Minnesota Charter School Lease Rev                                                                       | Deephaven, MN Charter School Lease Rev. (Eagle Ridge Academy)                                                                      | CUSIP: 24380HBP6<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247152.75    | 0.73%             | 2043-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                                                                     | New York Transportation Development Corporation Exempt Fac. Rev. (State Thruway Service Areas)                                     | CUSIP: 650110AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $213659.33    | 0.63%             | 2053-04-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facs Authority Rev                                                                 | Colorado Educational and Cultural Fac. Auth. Charter School Rev. Refg. (Union Colony School)                                       | CUSIP: 19645R7B1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    225000 | PA      | $231393.15    | 0.68%             | 2048-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD                                                                                     | Michigan Strategic Fund Limited Obligation Rev. (Recycled Board Machine)                                                           | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247387.35    | 0.73%             | 2026-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority Rev                                                                                         | Iowa Finance Auth. Rev. (Lifespace Communities, Inc.)                                                                              | CUSIP: 46246K4S8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    150000 | PA      | $132521.82    | 0.39%             | 2043-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority Special Facility Rev                                                        | California Municipal Finance Auth. Fac. Rev. (United Airlines, Inc.)                                                               | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247612.73    | 0.73%             | 2029-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority PrIVate ActIVity Rev                                                   | Virginia Small Business Financing Auth. Rev. (Transform 66 P3)                                                                     | CUSIP: 928097AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230981.09    | 0.68%             | 2047-12-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                                                                                     | Build NYC Resource Corporation Rev. (Global Community Charter School)                                                              | CUSIP: 12008ETD8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    410000 | PA      | $404966.88    | 1.20%             | 2042-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SENIOR LIVING                                                                           | California Public Finance Auth. Senior Living Rev. (Enso Village)                                                                  | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $216538.45    | 0.64%             | 2056-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority Education Rev                                                             | Arizona Industrial Development Auth. Education Rev. (Doral Academy of Nevada)                                                      | CUSIP: 04052BMC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $186179.36    | 0.55%             | 2050-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health & Education Facs Authority Rev                                                                | New Hampshire Health and Education Fac. Auth. Rev.                                                                                 | CUSIP: 64461XFV2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272812.08    | 0.81%             | 2059-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Illinois St                                                                                                        | Illinois G.O.                                                                                                                      | CUSIP: 452152V57<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    235000 | PA      | $247605.78    | 0.73%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI STUDENT HSG                                                                                     | Public Finance Auth., WI Student Housing Rev. (University of Hawaii Foundation)                                                    | CUSIP: 74439YDW8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $196701.70    | 0.58%             | 2051-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CENTERRA CO MET DIST #1 SPL RE                                                                                     | Centerra Metropolitan District No. 1 Larimer County, CO Special Rev.                                                               | CUSIP: 15200XAL7<br>LEI: 549300SHE5ZPSMGZH793 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254105.15    | 0.75%             | 2053-12-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD                                                                                     | Maryland Economic Development Corporation Student Housing Rev. (Morgan State University)                                           | CUSIP: 57420VSP9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    200000 | PA      | $221996.62    | 0.66%             | 2058-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| California County California Tobacco Securitization Agency Tobacco Settlement Rev                                  | California County Tobacco Securitization Agency (Los Angeles County Securitization Corporation)                                    | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230453.45    | 0.68%             | 2049-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT                                                                                     | Indiana Housing and Community Development Auth. Rev. (Vita of Marion)                                                              | CUSIP: 45506CBA4<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    150000 | PA      | $123496.71    | 0.36%             | 2041-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Wisconsin St Health & Educational Facs Authority Rev                                                               | Wisconsin Health & Educational Fac. Auth. Rev. Refg. (Benevolent Corporation Cedar Community)                                      | CUSIP: 97712DG83<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    240000 | PA      | $228187.56    | 0.67%             | 2037-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                                                                                     | New York Dormitory Auth. Rev. Refg. (Yeshiva University)                                                                           | CUSIP: 65000BRH3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    300000 | PA      | $310174.08    | 0.92%             | 2042-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UnIVersity North Dakota Ctfs Partn                                                                                 | University of North Dakota C.O.P. (Infrastructure Energy Improvement)                                                              | CUSIP: 914724BN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $238428.90    | 0.70%             | 2048-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE CNTY FL INDL DEV AUT                                                                                     | Charlotte County, FL Industrial Development Auth. Utility System Rev. (Town and Country Utilities)                                 | CUSIP: 16080TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $192245.98    | 0.57%             | 2051-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                                                                                        | New York City, NY G.O.                                                                                                             | CUSIP: 64966QC73<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258246.45    | 0.76%             | 2049-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL                                                                                                        | Chicago, IL G.O.                                                                                                                   | CUSIP: 167486D89<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254009.28    | 0.75%             | 2039-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Port Freeport Texas Senior Lien Rev                                                                                | Port Freeport, TX Rev.                                                                                                             | CUSIP: 73412PCT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311122.05    | 0.92%             | 2049-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                                                                                     | Arizona Industrial Development Auth. Education Rev. Refg. (Doral Academy of Northern Nevada)                                       | CUSIP: 04052BPS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $272003.73    | 0.80%             | 2051-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC                                                                                     | Missouri Health and Educational Fac. Auth. Rev. Refg. (Lake Regional Health System)                                                | CUSIP: 60637AUZ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    300000 | PA      | $271029.39    | 0.80%             | 2051-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Waste Disposal Authority Texas Environmental Facs Rev                                                   | Gulf Coast, TX Waste Disposal Auth. Rev. (ExxonMobil)                                                                              | CUSIP: 40222PAL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900000.00    | 2.66%             | 2025-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| GEO L SMITH II GA CONGRESS CTR                                                                                     | George L. Smith II GA World Congress Center Auth. Rev. (Convention Center Hotel)                                                   | CUSIP: 37255MAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208816.53    | 0.62%             | 2054-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Texas PrIVate ActIVity Bond Surface Transportation Corporation Rev                                                 | Texas Private Activity Bond Surface Transportation Corporation Rev. (Segment 3C)                                                   | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303593.16    | 0.90%             | 2058-06-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HLTH                                                                                     | Lee County, FL Industrial Development Auth. Health Care Fac. Rev. (Cypress Cove at Healthpark, FL, Inc.)                           | CUSIP: 52349EEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $269347.95    | 0.80%             | 2052-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                                                                                     | New York Transportation Development Corporation Special Fac. Rev. (Terminal 4 John F. Kennedy International Airport)               | CUSIP: 650116FS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $412061.96    | 1.22%             | 2042-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NY LOCAL DEV CORP R                                                                                     | Huntington, NY Local Development Corporation Rev. (Gurwin Independent Housing, Inc. - Fountaingate Gardens)                        | CUSIP: 446490AT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24211.68     | 0.07%             | 2025-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| Michigan St Strategic Fund Limited Obligation Rev                                                                  | Michigan Strategic Fund Limited Obligation Rev. (I-75 Improvement)                                                                 | CUSIP: 594698QQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106410.64    | 0.31%             | 2033-12-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR                                                                                     | Allegheny County, PA Airport Auth. Rev. (Pittsburgh International Airport)                                                         | CUSIP: 01728LFJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $365479.24    | 1.08%             | 2051-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CHARLESTON WV SPL DIST E                                                                                     | South Charleston, WV Special District Excise Tax Rev. Refg. (South Charleston Park Place)                                          | CUSIP: 837323AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $393073.30    | 1.16%             | 2050-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                                                                                     | Build NYC Resource Corporation Rev. (East Harlem Scholars Academy Charter School)                                                  | CUSIP: 12008ETJ5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208722.06    | 0.62%             | 2042-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| Georgia Municipal Electric Authority Power Rev                                                                     | Municipal Electric Auth. of Georgia Rev. (Plant Vogtle Units 3 & 4)                                                                | CUSIP: 626207Z56<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256186.85    | 0.76%             | 2056-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Harris County Texas Cultural Education Facs Finance Corporation Rev                                                | Harris County, TX Cultural Education Fac. Finance Corporation Rev. (First Mortgage Brazos Presbyterian Homes, Inc.)                | CUSIP: 414009FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $237963.25    | 0.70%             | 2033-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLG OF WSTRN ID ANNUAL APPROP                                                                                      | College of Western Idaho Annual Appropriation C.O.P                                                                                | CUSIP: 194521BG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209531.20    | 0.62%             | 2052-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                                                                                     | California Community Choice Financing Auth. Rev. (Clean Energy)                                                                    | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266910.83    | 0.79%             | 2029-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| Missouri St Health & Educational Facs Authority Educational Facs Rev                                               | Missouri Health and Educational Fac. Auth. Rev. (Maryville University of St. Louis)                                                | CUSIP: 60636ASB0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205421.80    | 0.61%             | 2045-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Lees Summit Missouri Industrial Development Authority Senior LIVing Facs Rev                                       | Lee's Summit, MO Industrial Development Auth. Senior Living Fac. Rev. Refg. (John Knox Village)                                    | CUSIP: 524292BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $126249.09    | 0.37%             | 2042-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Denver Colorado Health & Hospital Authority Healthcare Rev                                                         | Denver, CO Health and Hospital Auth. Healthcare Rev.                                                                               | CUSIP: 24918EDN7<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    230000 | PA      | $231140.27    | 0.68%             | 2039-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Douglas County Nebraska Hospital Authority Number 2 Rev                                                            | Douglas County, NE Hospital Auth. No. 2 Health Fac. Rev. (Children's Hospital)                                                     | CUSIP: 259230NJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232104.62    | 0.69%             | 2047-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX EDU FACS CORP R                                                                                     | San Antonio, TX Education Fac. Corporation Rev. (Hallmark University)                                                              | CUSIP: 796247DW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $240291.95    | 0.71%             | 2031-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Kansas City Missouri Industrial Development Authority Airport Special Oblig                                        | Kansas City, MO Industrial Development Auth. Airport Rev. (Kansas City International Airport Terminal Modernization)               | CUSIP: 48504NBC2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207974.58    | 0.61%             | 2046-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                                                                                     | Build NYC Resource Corporation Rev. (New World Preparatory Charter School)                                                         | CUSIP: 12008ERS7<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $195834.18    | 0.58%             | 2051-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Ohio St Higher Educational Facility Commission Rev                                                                 | Ohio Higher Educational Fac. Commission Rev. Refg. (University of Findlay)                                                         | CUSIP: 67756DTF3<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103837.69    | 0.31%             | 2034-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Tarrant County Texas Cultural Education Facs Finance Corporation Rev                                               | Tarrant County, TX Cultural Education Fac. Finance Corporation Rev. Refg. (Trinity Terrace)                                        | CUSIP: 87638TEV1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    235000 | PA      | $233133.68    | 0.69%             | 2044-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TX REGL MOBILITY                                                                                      | Hidalgo County, TX Regional Mobility Auth. Toll & Vehicle Registration Rev.                                                        | CUSIP: 42934AAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $328340.01    | 0.97%             | 2041-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Pennsylvania St Turnpike Commission Turnpike Rev                                                                   | Pennsylvania Turnpike Commission Turnpike Rev. (BAM Insured)                                                                       | CUSIP: 709224HW2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    200000 | PA      | $91814.92     | 0.27%             | 2041-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG & CMNTY DEV AUT                                                                                     | Indiana Housing & Community Development Auth. Rev. (Vita of New Whiteland)                                                         | CUSIP: 45506CBH9<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152041.88    | 0.45%             | 2043-01-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN                                                                                     | Virginia Small Business Financing Auth. Rev. Refg. (95 Express Lanes, LLC)                                                         | CUSIP: 928104PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $452468.70    | 1.34%             | 2048-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Carson City Nevada Hospital Rev                                                                                    | Carson City, NV Hospital Rev. Refg. (Carson Tahoe Regional Medical Center)                                                         | CUSIP: 145810DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232004.27    | 0.69%             | 2042-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA ST HGR EDU LOAN AUTH REVE                                                                                     | Iowa Higher Education Loan Auth. Fac. Rev. (Des Moines University)                                                                 | CUSIP: 46247DAF4<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    350000 | PA      | $363181.49    | 1.07%             | 2052-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                                                                                      | New Jersey Transportation Trust Fund Auth. Rev.                                                                                    | CUSIP: 64613CBN7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    250000 | PA      | $237676.85    | 0.70%             | 2050-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc Georgia Gas Supply Rev                                                                 | Main Street Natural Gas, Inc., GA Gas Supply Rev.                                                                                  | CUSIP: 56035DBH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264543.63    | 0.78%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Thrivent Mutual Funds

**Signature:** Sarah L. Bergstrom

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

**Title:** Treasurer and Principal Accounting Officer