# EDGAR Filing Document

**Accession Number:** 0001721413
**File Stem:** 0001752724-23-044416
**Filing Date:** 2023-2
**Character Count:** 47149
**Document Hash:** 6dc83e4ad5551ebc49bbceb4fd472173
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044416.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044416

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Thrivent Church Loan & Income Fund
- **CENTRAL INDEX KEY:** 0001721413
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23362
- **FILM NUMBER:** 23679444

**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

## Nport-Ex

# Thrivent Church Loan and Income Fund

Schedule of Investments as of December 30, 2022

(unaudited)

| Principal Amount | Church Loans (78.7%)* | Value |
| --- | --- | --- |
| Alabama (0.8%) |  |  |
|  | Church Loan #200030770 |  |
| $359,502 | 4.000%, 12/1/2039* | $304,214 |
|  | Total | 304,214 |

**Arizona (1.1%)**

Church Loan #200030680

| Principal Amount | Church Loans (78.7%)* | Value |
| --- | --- | --- |
| Florida (3.1%) - continued |  |  |
|  | Church Loan #200031960 |  |
| $738,542 | 3.800%, 11/15/2036* | $604,736 |
|  | Total | 1,146,111 |

**Illinois (5.7%)**

Church Loan #200031070

The accompanying Notes to Schedule of Investments are an integral part of this schedule.

1

# Schedule of Investments as of December 30, 2022
(unaudited)

| Principal | Amount | Church Loans (78.7%) | Value | Amount | Church Loans (78.7%) | Value |
| --- | --- | --- | --- | --- | --- | --- |
| Minnesota (7.1%) - continued | 405,062 | 405,062 |  | Tennessee (1.3%) | 3,850% - 11/15/2042 | 443,287 |
| Arkansas (2.6%) | $120,232 | $120,232 |  | Church Loan #200031250 | 4,500% - 11/15/2042 | $567,254 |
| 567,035 | 524,771 | 524,771 |  | Church Loan #200031250 | 4,500% - 11/15/2042 | 140,062 |
| 66,145 | 62,440 | 62,440 |  | Church Loan #200031250 | 4,500% - 11/15/2042 | 416,200 |
| 531,888 | 445,105 | 445,105 |  | Church Loan #200031250 | 4,500% - 11/15/2042 | 476,454 |
| 105,388 | 100,573 | 100,573 |  | Total | 4,500% - 11/15/2042 |  |

Thrivent Church Loan and Income Fund

# Schedule of Investments as of December 30, 2022
(unaudited)

| Principal | Total | 365,106 |
| --- | --- | --- |
| Amount | Long Term Fixed Income (21.2%) | Value |
| Aluminum Product Securities (21.2%) |  | 575,034 |
| Camphor (25.0%) | Accumulated Depreciation |  |
| 727,815 | Chlorine | 585,081 |
| 524,543 | Total | 2,648,699 |
|  | Church Loan |  |
| $3,400,000 | Church Loan | $3,400,087 |
| Mississippi (10.0%) | Mississippi | 1,700,005 |
| 1,799,000 | Church Loan | 1,799,005 |
| 3,225,000 | Church Loan | 3,177,339 |

Texas (2.9%) 651,517
This is a report of the Company's share of the loan at any time. The Church Loans are generally considered to be a good deal in the amount of the Company's share of the loan at any time. The Church Loans are generally considered to be a good deal in the amount of the Company's share of the loan at any time. The Church Loans are generally considered to be a good deal in the amount of the Company's share of the loan at any time.

The accompanying Notes to Schedule of Investments are an integral part of this schedule.

2

Thrivent Church Loan and Income Fund

# Schedule of Investments as of December 30, 2022
(unaudited)

| 436,858 | Total 4.950% | 3/15/2044 | 7,864,514 | as a good fund | The outstanding principal amount of the | 788,138 |
| --- | --- | --- | --- | --- | --- | --- |
| and Income Fund | Total (Total) | Total (Total) | 218,164 | shown is the outstanding principal balance as of the end of |  |  |
| 745,522 | (Loss) 97,913,206 | 2044 | 7,864,514 | Kansas | 4.950% | 3/15/2044 |
| Missouri (1.0%) | Church Loan #200031270 |  |  | d Denotes | Church Loan #200031270 | 185,047 |
| Shares of | Church Loan #200031270 |  | 390 Change in | e | Church Loan #200031270 | 183,685 |
| Principal | Church Loan #200031270 |  | Realized Unrealized | e | The interest of the | 173,606 |
| Amount | Church Loan #200031270 |  | Gain (Less) | t | The interest of the | 173,606 |
| Investments | Church Loan #200031270 |  | (Less) | (Depreciation) | Investments | 12/30/2022 |
| 739,354 | Consent | Church Loan #200031270 |  |  | Authority to Purchase Loan #200031600 |  |
|  | Consent | Church Loan #200031270 |  |  |  |  |

The accompanying Notes to Schedule of Investments are an integral part of this schedule.

3

# Thrivent Church Loan and Income Fund

The following table is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value for Church Loan

as of December 30, 2022
(unaudited)

| Net Income (1.2%) | 29,792,611 | (2,277,474) | 4,881,881 | (2,277,474) | 29,792,611 |
| --- | --- | --- | --- | --- | --- |
| Total | 29,792,611 | (2,277,474) | 4,881,881 | (2,277,474) | 29,792,611 |
|  | 423,443 | 343,754 | 54,851,089 | 54,851,089 | 529,155,397 |
|  | 423,443 | 343,754 | 314,792 | 314,792 | 249,307 |
|  | Total | 1,800% | 1/1/2031 | 1/1/2031 |  |
| * Charges to the following: (a) (depreciation) on investments. |  |  |  |  |  |
| * Valuation of the securities of the company is not to be recorded as the results of the securities of the company. |  |  |  |  |  |
| * Valuation of the securities of the company is not to be recorded as the results of the securities of the company. |  |  |  |  |  |
| * Valuation of the securities of the company is not to be recorded as the results of the securities of the company. |  |  |  |  |  |
| * Valuation of the securities of the company is not to be recorded as the results of the securities of the company. |  |  |  |  |  |

4

# Notes to Schedule of Investments

# **SIGNIFICANT ACCOUNTING POLICIES**

overrides, stale prices, shadow prices, manual prices, and other

Other Health Care Liabilities, Net

The report is based on the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of the United States, which includes the 2018 Annual Report of

on U.S. or foreign securities exchanges or included in a national

5

Development Securities
Total Level 1 Level 2 Level 3 486,449
Check Leases: Check the General Investment Company's 1,000,000 shares in the Funds holding an issuer reported on 1,000,000 shares in the Funds holding an issuer reported on 1,000,000 shares in the Funds holding an issuer reported on 1,000,000 shares in the Funds holding an issuer reported on 1,000,000 shares in the Funds holding an issuer reported on 1,000,000 shares in the Funds holding an issuer reported on 1,000,000 shares in the Funds holding an issuer reported on

| Value | Gross | Value | Gross | Value | Gross | Value | Gross | Value |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 3,310,022 | 4,950% | 3,310,022 | 4,950% | 3,310,022 | 4,950% | 3,310,022 | 4,950% | 3,310,022 |
| 4,447,106 | 5,000% | 4,447,106 | 5,000% | 4,447,106 | 5,000% | 4,447,106 | 5,000% | 4,447,106 |
| 4,447,106 | 5,000% | 4,447,106 | 5,000% | 4,447,106 | 5,000% | 4,447,106 | 5,000% | 4,447,106 |

475,161 2.990% 4/1/2031$^{1}$455,674

Change in Unrealized Distributions Income Earned 1,281,017

in the securities investments as open-ended mutual funds and realized at the fair asset value per share as a practical expense of 1,281,017  
Affiliated Subsidiary of the Investment  
Core Short-Term Reserve, 4.710%  
Total Investment Income Cash from Affiliated Investments  
Total Investment Income Cash from Affiliated Investments due to the lack of observable market activity or independent market quotes. There are no market prices available for church loans. The Adviser has approved two methodologies for fair valuing  
Additional information for the Fund's policy regarding valuation of investments and other significant accounting policies can be obtained by referring to the Fund's most recent annual or semiannual shareholder report.

church loans: a Market Approach or an Income Approach. The Market Approach utilizes a process that takes into consideration factors including principal amount, interest rate, term, credit quality of the borrower, prepayment speeds, and credit spreads based on market transactions. The Income Approach is utilized when it is probable that the church loan will become subject to foreclosure and takes into consideration factors including the

estimated value of property securing the loan, estimated cost of disposition of the property and estimated time to dispose of the property. The Board may use a third party vendor to execute the daily valuation methodology or the Valuation Committee ('Committee'), further described below, may make a fair valuation determination.

The Adviser has formed a Committee that is responsible for

overseeing the Fund's valuation process in accordance with Valuation Policies and Procedures. The Committee meets monthly and on an as-needed basis to review price challenges, price

## 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 Church Loan and Income Fund

- **b. Investment Company Act file number:** 811-23362

- **c. CIK number of Registrant:** 0001721413

- **d. LEI of Registrant:** 549300OUY4SLGKUSAS43

- **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:** 612-844-4198

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

- **a. Name of Series:** THRIVENT CHURCH LOAN AND INCOME FUND

- **c. LEI of Series:** 549300OUY4SLGKUSAS43

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $48114275.87

**Total Liabilities:** $11179318.45

**Net Assets:** $36934957.42

**Delayed Delivery Securities:** $11036038.09

**Cash Not Reported:** $10212.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.51000000 | **1-Year:** -0.81000000 | **5-Year:** 0.00000000 | **10-Year:** -29.74000000 | **30-Year:** -3039.80000000

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

- **3-Month:** -8.97000000 | **1-Year:** -427.62000000 | **5-Year:** -2834.21000000 | **10-Year:** -9224.31000000 | **30-Year:** -2463.40000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.13%               | 3.84%                | -0.58%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-329009.79              | $145924.30                                 |
| Month 2  | $-22393.56               | $1303431.74                                |
| Month 3  | $210958.01               | $-509339.38                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Index

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 5048                                   | 200018200                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     53875 | PA      | $50807.96     | 0.14%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 3723                                   | 200031910                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    727815 | PA      | $585081.23    | 1.58%             | 2046-10-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16742                                  | 200030760                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    961138 | PA      | $754784.07    | 2.04%             | 2044-01-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16810                                  | 200031360                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    279217 | PA      | $262254.04    | 0.71%             | 2037-03-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 16825                                  | 200031370                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    338950 | PA      | $287405.76    | 0.78%             | 2039-04-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17355                                  | 200031750                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    460955 | PA      | $399950.30    | 1.08%             | 2036-01-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17006                                  | 200030840                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    263462 | PA      | $234713.14    | 0.64%             | 2038-11-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16687                                  | 200031050                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    432357 | PA      | $421641.76    | 1.14%             | 2038-11-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17151                                  | 200031300                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    128921 | PA      | $120232.18    | 0.33%             | 2030-03-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17782                                  | 200032350                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    688500 | PA      | $651517.04    | 1.76%             | 2037-09-01      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17392                                  | 200031770                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    531812 | PA      | $423033.88    | 1.15%             | 2041-06-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17341                                  | 200031670                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250521 | PA      | $209097.50    | 0.57%             | 2036-01-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16899                                  | 200031560                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    105388 | PA      | $100573.15    | 0.27%             | 2039-08-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16750                                  | 200031200                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    458792 | PA      | $439948.92    | 1.19%             | 2044-09-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17445                                  | 200031821                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    851831 | PA      | $702689.35    | 1.90%             | 2041-06-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16860                                  | 200031470                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    376586 | PA      | $332276.98    | 0.90%             | 2039-07-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17119                                  | 200031900                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    381961 | PA      | $293624.58    | 0.79%             | 2041-09-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 3938                                   | 200030920                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    522176 | PA      | $499466.38    | 1.35%             | 2035-01-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16993                                  | 200031540                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    567031 | PA      | $524771.41    | 1.42%             | 2029-12-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17524                                  | 200031890                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    693862 | PA      | $567301.06    | 1.54%             | 2041-10-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17752                                  | 200032301                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    603918 | PA      | $562994.56    | 1.52%             | 2047-08-01      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| Federal National Mortgage Association  | Federal National Mortgage Association Conventional 30-Yr. Pass Through | CUSIP: 01F050619<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3225000 | PA      | $3177339.05   | 8.60%             | 2049-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Thrivent Mutual Funds                  | Thrivent Core Short-Term Reserve Fund                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |    240825 | PA      | $2408253.84   | 6.52%             |  |  |  | No            |                  2 | On Loan: No      |
| 16811                                  | 200031330                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    190638 | PA      | $185047.02    | 0.50%             | 2044-03-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 16807                                  | 200031320                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    267049 | PA      | $217008.32    | 0.59%             | 2040-03-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| Federal National Mortgage Association  | Federal National Mortgage Association Conventional 30-Yr. Pass Through | CUSIP: 01F060618<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1250000 | PA      | $1268445.08   | 3.43%             | 2042-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| 17011                                  | 200030780                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    475161 | PA      | $455673.97    | 1.23%             | 2031-04-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| Federal National Mortgage Association  | Federal National Mortgage Association Conventional 30-Yr. Pass Through | CUSIP: 01F052615<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3400000 | PA      | $3408386.44   | 9.23%             | 2041-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| 16715                                  | 200031121                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    196158 | PA      | $191328.57    | 0.52%             | 2032-11-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16880                                  | 200031580                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    451030 | PA      | $414733.03    | 1.12%             | 2039-07-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16715                                  | 200031122                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    195285 | PA      | $193520.68    | 0.52%             | 2032-11-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16983                                  | 200030680                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    460979 | PA      | $405062.13    | 1.10%             | 2034-11-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16883                                  | 200030120                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    277650 | PA      | $246107.06    | 0.67%             | 2034-08-01      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17003                                  | 200030790                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    568179 | PA      | $530108.32    | 1.44%             | 2039-11-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17276                                  | 200031600                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    281171 | PA      | $230050.95    | 0.62%             | 2035-11-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17032                                  | 200031020                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     90680 | PA      | $82386.83     | 0.22%             | 2035-01-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17178                                  | 200031490                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    243831 | PA      | $207674.41    | 0.56%             | 2035-06-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17354                                  | 200031740                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    314792 | PA      | $273893.18    | 0.74%             | 2031-01-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16676                                  | 200030850                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    359517 | PA      | $346890.95    | 0.94%             | 2033-11-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17120                                  | 200031090                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    329104 | PA      | $298773.17    | 0.81%             | 2032-01-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17397                                  | 200031800                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    690181 | PA      | $568662.04    | 1.54%             | 2036-06-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17731                                  | 200032290                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    772580 | PA      | $725679.58    | 1.96%             | 2037-06-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17678                                  | 200032200                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    773215 | PA      | $698565.78    | 1.89%             | 2042-05-01      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation Discount Notes                  | CUSIP: 313396AD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | STIV             | USGSE             | US        |   5520000 | PA      | $5519344.22   | 14.94%            |  |  |  | No            |                  2 | On Loan: No      |
| 16845                                  | 200031350                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    349635 | PA      | $312905.62    | 0.85%             | 2039-05-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17006                                  | 200030842                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    129420 | PA      | $129345.79    | 0.35%             | 2038-11-15      | Fixed         | 0.06%                 | No            |                  3 | On Loan: No      |
| 17168                                  | 200031410                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     90756 | PA      | $82267.07     | 0.22%             | 2030-05-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17271                                  | 200031590                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    189465 | PA      | $173606.28    | 0.47%             | 2045-08-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17223                                  | 200030700                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    524543 | PA      | $413790.23    | 1.12%             | 2045-06-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16882                                  | 200030080                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    350418 | PA      | $329854.59    | 0.89%             | 2039-07-01      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17296                                  | 200031650                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    144707 | PA      | $126212.43    | 0.34%             | 2030-12-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17009                                  | 200030770                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    359502 | PA      | $304213.57    | 0.82%             | 2039-12-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17666                                  | 200031790                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    739354 | PA      | $629475.19    | 1.70%             | 2037-03-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17574                                  | 200031960                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    738542 | PA      | $604736.46    | 1.64%             | 2036-11-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16710                                  | 200031140                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    352521 | PA      | $319070.26    | 0.86%             | 2033-12-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17133                                  | 200031170                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    551365 | PA      | $494035.52    | 1.34%             | 2035-02-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 5476                                   | 200031270                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    507383 | PA      | $390136.61    | 1.06%             | 2045-05-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17119                                  | 200031210                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    540919 | PA      | $443286.71    | 1.20%             | 2040-02-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16910                                  | 200030590                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     94229 | PA      | $88379.94     | 0.24%             | 2034-10-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17006                                  | 200030841                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    251976 | PA      | $241500.50    | 0.65%             | 2038-11-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17617                                  | 200032050                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    588953 | PA      | $486449.04    | 1.32%             | 2037-01-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17793                                  | 200032380                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    934639 | PA      | $960692.47    | 2.60%             | 2047-11-01      | Fixed         | 0.06%                 | No            |                  3 | On Loan: No      |
| 16762                                  | 200031290                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    176254 | PA      | $172710.86    | 0.47%             | 2031-01-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17152                                  | 200031390                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     95899 | PA      | $87878.98     | 0.24%             | 2030-03-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16811                                  | 200031331                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    191028 | PA      | $182562.60    | 0.49%             | 2044-03-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17570                                  | 200031920                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    423443 | PA      | $347542.79    | 0.94%             | 2036-10-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17337                                  | 200031710                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    897837 | PA      | $734547.41    | 1.99%             | 2041-02-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17179                                  | 200031420                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    595096 | PA      | $480726.83    | 1.30%             | 2040-05-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17007                                  | 200030830                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    394851 | PA      | $382498.87    | 1.04%             | 2044-11-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17180                                  | 200031480                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    458337 | PA      | $372628.51    | 1.01%             | 2040-05-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16751                                  | 200031180                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    745522 | PA      | $641848.53    | 1.74%             | 2044-01-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17393                                  | 200031780                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    536235 | PA      | $443924.52    | 1.20%             | 2041-06-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17575                                  | 200031950                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    370786 | PA      | $305393.46    | 0.83%             | 2036-11-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17272                                  | 200031380                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    268089 | PA      | $207778.52    | 0.56%             | 2040-10-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17120                                  | 200031110                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    237906 | PA      | $215980.48    | 0.58%             | 2032-01-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17248                                  | 200031520                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     66145 | PA      | $62439.85     | 0.17%             | 2035-07-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16715                                  | 200031120                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    194662 | PA      | $189325.84    | 0.51%             | 2032-11-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17291                                  | 200031610                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    280623 | PA      | $216199.59    | 0.59%             | 2040-12-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17492                                  | 200031840                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    310232 | PA      | $267625.59    | 0.72%             | 2036-08-01      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 16866                                  | 200031510                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    365802 | PA      | $325563.60    | 0.88%             | 2039-06-01      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| 17119                                  | 200031211                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    147188 | PA      | $140061.64    | 0.38%             | 2035-02-15      | Fixed         | 0.03%                 | No            |                  3 | On Loan: No      |
| 17868                                  | 200032450                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    900000 | PA      | $890501.15    | 2.41%             | 2048-01-15      | Fixed         | 0.06%                 | No            |                  3 | On Loan: No      |
| 16693                                  | 200031070                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    581188 | PA      | $559672.48    | 1.52%             | 2043-11-15      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 17616                                  | 200032090                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    642078 | PA      | $502240.75    | 1.36%             | 2042-01-01      | Fixed         | 0.04%                 | No            |                  3 | On Loan: No      |
| 16823                                  | 200031400                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    226648 | PA      | $216163.73    | 0.59%             | 2034-03-15      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** Thrivent Church Loan & Income Fund

**Signature:** Sarah L. Bergstrom

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

**Title:** Treasurer and Principal Accounting Officer