0001752724-23-064426.txt : 20230323
0001752724-23-064426.hdr.sgml : 20230323
20230323125231
ACCESSION NUMBER: 0001752724-23-064426
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 Core Funds
CENTRAL INDEX KEY: 0001669626
IRS NUMBER: 810984919
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-23149
FILM NUMBER: 23755405
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
0001669626
S000059619
Thrivent Core International Equity Fund
C000195231
Thrivent Core International Equity Fund
NPORT-P
1
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0001669626
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901 Marquette Avenue
Suite 2500
Minneapolis
55402-3211
612-844-5168
THRIVENT CORE INTERNATIONAL EQUITY FUND
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2023-10-31
2023-01-31
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Bayerische Motorenwerke Ag Bmw Muenchen
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Bayerische Motoren Werke AG
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Topdanmark As
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Topdanmark AS
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EC
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Z Holdings Corp
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Z Holdings Corporation
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333400.00000000
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EC
CORP
JP
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Leonardo Spa
529900X4EEX1U9LN3U39
Leonardo SPA
000385640
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EC
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Azimut Holding Spa
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Azimut Holding SPA
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Toromont Inds Ltd
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Toromont Industries, Ltd.
891102956
7781.00000000
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First International Bank Ofisrael
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First International Bank of Israel, Ltd.
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AB Industrivarden (publ)
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AB Industrivarden, Class A
N/A
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Canadian Natural Resources Ltd
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Canadian Natural Resources, Ltd.
136385952
60084.00000000
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EC
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Enel Societa Per Azioni
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Enel SPA
000312836
264598.00000000
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1557978.37000000
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EC
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N
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Misumi Group Inc
353800SJWGE5BEK2V032
MISUMI Group, Inc.
N/A
6600.00000000
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166105.35000000
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EC
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Tv Asahi Holdings Corp
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TV Asahi Holdings Corporation
N/A
57500.00000000
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595068.14000000
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EC
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JP
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N
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Svolder Aktiebolag
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Svolder AB
N/A
7065.00000000
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Thrivent Mutual Funds
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Thrivent Cash Management Trust
N/A
1744594.00000000
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USD
1744594.00000000
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STIV
PF
US
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Merck Kgaa
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Merck KGaA
N/A
21992.00000000
NS
4590334.35000000
0.945937017589
Long
EC
CORP
DE
N
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N
N
N
Industria De Diseno Textil Inditex Sa
549300TTCXZOGZM2EY83
Industria de Diseno Textil SA
N/A
109986.00000000
NS
3433838.99000000
0.707616300996
Long
EC
CORP
ES
N
2
N
N
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Australia & New Zealand Bkggroup Ltd
9845005D9C6BAA10BK72
Australia and New Zealand Banking Group, Ltd.
N/A
30634.00000000
NS
545175.81000000
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EC
CORP
AU
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Terumo Corp
353800JX1R4582QVK932
Terumo Corporation
N/A
8700.00000000
NS
253260.19000000
0.052189703524
Long
EC
CORP
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N
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N
N
Nokia Oyj
549300A0JPRWG1KI7U06
Nokia Oyj
000900068
72161.00000000
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342151.11000000
0.070507587439
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EC
CORP
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N
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Japan Tobacco Inc
353800Z0ENYBQO0XRJ31
Japan Tobacco, Inc.
372680000
140600.00000000
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2867104.18000000
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EC
CORP
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N
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Barclays Plc
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Barclays plc
003134865
351750.00000000
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808598.72000000
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EC
CORP
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Torm Plc
213800VL1H1ABVM1ZF63
TORM plc
N/A
4041.00000000
NS
102340.55000000
0.021089469146
Long
EC
CORP
GB
N
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N
N
N
Itochu Corp
J48DJYXDTLHM30UMYI18
ITOCHU Corporation
314360000
9100.00000000
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294128.71000000
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EC
CORP
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Eiffage Sa
969500OQXKE5WDM9M994
Eiffage SA
N/A
11290.00000000
NS
1205886.34000000
0.248498789202
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EC
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N
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Bank Leumi Le-Israel
7JDSZWRGUQY2DSTWCR57
Bank Leumi Le-Israel BM
N/A
334580.00000000
NS
2956811.70000000
0.609314578811
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EC
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IL
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Telefon Ab Lm Ericsson
549300W9JLPW15XIFM52
Telefonaktiebolaget LM Ericsson
000010865
28883.00000000
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167534.81000000
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SE
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Evonik Industries Ag
41GUOJQTALQHLF39XJ34
Evonik Industries AG
N/A
23381.00000000
NS
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0.107100148261
Long
EC
CORP
DE
N
2
N
N
N
Ssab Svenskt Stal Ab
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SSAB AB, Class A
000017110
207323.00000000
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1481869.29000000
0.305371005630
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EC
CORP
SE
N
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N
N
ASAHI GROUP HOLDINGS LTD
353800KAJ02XNHLCJW79
Asahi Group Holdings, Ltd.
311600000
6800.00000000
NS
224551.40000000
0.046273640527
Long
EC
CORP
JP
N
2
N
N
N
Diageo Plc
213800ZVIELEA55JMJ32
Diageo plc
000237400
117470.00000000
NS
5136497.80000000
1.058485730955
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EC
CORP
GB
N
2
N
N
N
Jardine Matheson Holdings Ltd
2138009KENVUNWOLPK41
Jardine Matheson Holdings, Ltd.
G50736100
10700.00000000
NS
USD
567314.00000000
0.116907238619
Long
EC
CORP
BM
N
2
N
N
N
Smc Corp
353800O40V08DOZ70X62
SMC Corporation
N/A
1800.00000000
NS
914239.81000000
0.188398755579
Long
EC
CORP
JP
N
2
N
N
N
Laurentian Bank Canada Que
HO0K6ZULL3QE6S6SFW60
Laurentian Bank of Canada
51925D957
80276.00000000
NS
2158109.44000000
0.444724817769
Long
EC
CORP
CA
N
2
N
N
N
Mitsui Osk Lines Ltd
353800P8O843TMAZ6S09
Mitsui O.S.K. Lines, Ltd.
336270000
7400.00000000
NS
183658.61000000
0.037846802553
Long
EC
CORP
JP
N
2
N
N
N
GLENCORE PLC
2138002658CPO9NBH955
Glencore Xstrata plc
000682538
856930.00000000
NS
5738754.97000000
1.182593760517
Long
EC
CORP
CH
N
2
N
N
N
Magna International Inc
95RWVLFZX6VGDZNNTN43
Magna International, Inc.
559222401
5569.00000000
NS
USD
361650.86000000
0.074525929885
Long
EC
CORP
CA
N
1
N
N
Heineken Nv
724500K5PTPSST86UQ23
Heineken NV
000000916
3550.00000000
NS
354781.58000000
0.073110367152
Long
EC
CORP
NL
N
2
N
N
N
Portucel - Empresa Produtora De Pasta E Papel
549300UNIB7M2AXUXS35
Navigator Company SA
N/A
12500.00000000
NS
43763.35000000
0.009018378536
Long
EC
CORP
PT
N
2
N
N
N
Boc Hong Kong Holdings Ltd
N/A
BOC Hong Kong (Holdings), Ltd.
N/A
163000.00000000
NS
569666.72000000
0.117392067124
Long
EC
CORP
HK
N
2
N
N
N
Tourmaline Oil Corp
549300LCHLN94A7Y1572
Tourmaline Oil Corporation
89156V957
12773.00000000
NS
595282.95000000
0.122670841688
Long
EC
CORP
CA
N
2
N
N
N
Kawasaki Kisen Kaisha Ltd
353800FL04R73DS5P870
Kawasaki Kisen Kaisha, Ltd.
N/A
4900.00000000
NS
102316.27000000
0.021084465730
Long
EC
CORP
JP
N
2
N
N
N
Pembina Pipeline Corp
5493002W3L9YICM6FU21
Pembina Pipeline Corporation
706327954
20137.00000000
NS
714492.33000000
0.147236495688
Long
EC
CORP
CA
N
2
N
N
N
Moncler Spa
815600EBD7FB00525B20
Moncler SPA
N/A
3435.00000000
NS
214987.63000000
0.044302820238
Long
EC
CORP
IT
N
2
N
N
N
Raiffeisen Zentralbank Osterre
9ZHRYM6F437SQJ6OUG95
Raiffeisen Bank International AG
N/A
6355.00000000
NS
114339.70000000
0.023562151809
Long
EC
CORP
AT
N
2
N
N
N
Stellantis N V
549300LKT9PW7ZIBDF31
Stellantis NV
N/A
166404.00000000
NS
2616024.15000000
0.539087982206
Long
EC
CORP
NL
N
2
N
N
N
Tsubakimoto Chain Co
N/A
Tsubakimoto Chain Company
353540000
18300.00000000
NS
438078.09000000
0.090275402689
Long
EC
CORP
JP
N
2
N
N
N
Northland Power Inc
549300IT8CIDW8V5KX72
Northland Power, Inc.
666511951
28682.00000000
NS
770429.28000000
0.158763506058
Long
EC
CORP
CA
N
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N
N
N
Lonza Group Ag Zuerich
549300EFW4H2TCZ71055
Lonza Group AG
001384101
2071.00000000
NS
1181384.49000000
0.243449656580
Long
EC
CORP
CH
N
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N
N
N
Itochu Techno-Solutions Corpctc
N/A
ITOCHU Techno-Solutions Corporation
N/A
44800.00000000
NS
1109136.51000000
0.228561408031
Long
EC
CORP
JP
N
2
N
N
N
Alimentation Couche-Tard Inc.
549300OSW32RVX8CCZ87
Alimentation Couche-Tard, Inc.
01626P965
33618.00000000
NS
1535176.94000000
0.316356192244
Long
EC
CORP
CA
N
2
N
N
N
EDP - ENERGIAS DE PORTUGAL SA LISBOA
529900CLC3WDMGI9VH80
EDP - Energias de Portugal SA
EDP0AM000
92155.00000000
NS
457847.97000000
0.094349411225
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EC
CORP
PT
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N
N
N
Novo-Nordisk As Vormals Novoindustri As
549300DAQ1CVT6CXN342
Novo Nordisk AS
006053491
50214.00000000
NS
6949109.28000000
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Long
EC
CORP
DK
N
2
N
N
N
Julius Baer Group Ltd
5299007MF0604ZGJER92
Julius Baer Group, Ltd.
010248496
19350.00000000
NS
1241193.48000000
0.255774583984
Long
EC
CORP
CH
N
2
N
N
N
Deutsche Boerse Ag Frankfurt Am Main
529900G3SW56SHYNPR95
Deutsche Boerse AG
000581005
32310.00000000
NS
5781602.31000000
1.191423375513
Long
EC
CORP
DE
N
2
N
N
N
Atlas Copco Aktiebolag
213800T8PC8Q4FYJZR07
Atlas Copco AB, Class B
N/A
10655.00000000
NS
112384.81000000
0.023159304723
Long
EC
CORP
SE
N
2
N
N
N
Recruit Holdings Company Ltd
353800R2LRSMVVC4I806
Recruit Holdings Company, Ltd.
N/A
26000.00000000
NS
836166.87000000
0.172310148870
Long
EC
CORP
JP
N
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N
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INTESA SANPAOLO SPA
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Intesa Sanpaolo SPA
N/A
495538.00000000
NS
1302897.96000000
0.268490117829
Long
EC
CORP
IT
N
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N
N
N
Link Real Estate Investment Trust
529900XUE70U36QX5M62
Link REIT
082303277
51600.00000000
NS
413025.36000000
0.085112749407
Long
EC
CORP
HK
N
2
N
N
N
Brunello Cucinelli S P A
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Brunello Cucinelli SPA
N/A
660.00000000
NS
54971.54000000
0.011328066897
Long
EC
CORP
IT
N
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N
N
N
LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne
IOG4E947OATN0KJYSD45
LVMH Moet Hennessy Louis Vuitton SE
N/A
4497.00000000
NS
3925754.67000000
0.808986095823
Long
EC
CORP
FR
N
2
N
N
N
Gwa Group Ltd
N/A
GWA Group, Ltd.
N/A
221236.00000000
NS
340224.47000000
0.070110561872
Long
EC
CORP
AU
N
2
N
N
N
Nitto Kogyo Corp
N/A
Nitto Kogyo Corporation
N/A
21300.00000000
NS
398727.03000000
0.082166271306
Long
EC
CORP
JP
N
2
N
N
N
EURONEXT NV
724500QJ4QSZ3H9QU415
Euronext NV
N/A
24017.00000000
NS
1946136.05000000
0.401043146445
Long
EC
CORP
NL
N
2
N
N
N
Hang Lung Pptys Ltd
529900CIVTNMXQT59E61
Hang Lung Properties, Ltd.
N/A
40000.00000000
NS
75421.82000000
0.015542286472
Long
EC
CORP
HK
N
2
N
N
N
Galenica Sante Ag
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Galenica AG
N/A
4528.00000000
NS
354124.12000000
0.072974883393
Long
EC
CORP
CH
N
2
N
N
N
Qbe Insurance Group Ltd
549300D2FBW76FPUSG65
QBE Insurance Group, Ltd.
N/A
38548.00000000
NS
376110.16000000
0.077505579312
Long
EC
CORP
AU
N
2
N
N
N
British American Tobacco Plc
213800FKA5MF17RJKT63
British American Tobacco plc
000287580
86734.00000000
NS
3324840.47000000
0.685154814083
Long
EC
CORP
GB
N
2
N
N
N
Atco Ltd
5299005SPZ1QYL51JD25
ATCO, Ltd.
046789954
126.00000000
NS
4009.50000000
0.000826243620
Long
EC
CORP
CA
N
2
N
N
N
Stora Enso Oyj
7437000ZP669LKUTZ738
Stora Enso Oyj
000900596
146091.00000000
NS
2088417.41000000
0.430363277633
Long
EC
CORP
FI
N
2
N
N
N
Roche Holding Ltd
549300U41AUUVOAAOB37
Roche Holding AG, Bearer Shares
N/A
471.00000000
NS
172405.32000000
0.035527820368
Long
EC
CORP
CH
N
2
N
N
N
Upm Kymmene Corp
213800EC6PW5VU4J9U64
UPM-Kymmene Oyj
N/A
2061.00000000
NS
74703.19000000
0.015394197320
Long
EC
CORP
FI
N
2
N
N
N
A2a Spa
81560076E3944316DB24
A2A SPA
N/A
57106.00000000
NS
85971.83000000
0.017716342703
Long
EC
CORP
IT
N
2
N
N
N
Groupe Bruxelles Lambert Gbl
549300KV0ZEHT2KVU152
Groupe Bruxelles Lambert SA
000379714
19978.00000000
NS
1709014.88000000
0.352179234744
Long
EC
CORP
BE
N
2
N
N
N
Kyocera Corp
N/A
Kyocera Corporation
324960000
15100.00000000
NS
783560.23000000
0.161469420428
Long
EC
CORP
JP
N
2
N
N
N
Nidec Corp
353800IF171MZTNL6Y31
Nidec Corporation
373480000
15600.00000000
NS
864534.02000000
0.178155809605
Long
EC
CORP
JP
N
2
N
N
N
Canadian Western Bank Edmonton Alba
549300QG7XFGLKN6HL17
Canadian Western Bank
13677F952
80654.00000000
NS
1704551.11000000
0.351259379030
Long
EC
CORP
CA
N
2
N
N
N
Qiagen Nv
54930036WK3GMCN17Z57
QIAGEN NV
N/A
42909.00000000
NS
2093226.35000000
0.431354263041
Long
EC
CORP
NL
N
2
N
N
N
Honda Motor Company Ltd
549300P7ZYCQJ36CCS16
Honda Motor Company, Ltd.
385460000
97600.00000000
NS
2414283.51000000
0.497514988873
Long
EC
CORP
JP
N
2
N
N
N
Tfi International Inc
5493007R9W7KO7SJN678
TFI International, Inc.
87241L950
2707.00000000
NS
301492.11000000
0.062128926917
Long
EC
CORP
CA
N
2
N
N
N
Cie Financiere Richemont Agzug
549300YIPGJ6UX2QPS51
Compagnie Financiere Richemont SA
004503965
18487.00000000
NS
2849906.54000000
0.587284473702
Long
EC
CORP
CH
N
2
N
N
N
Check Point Softwaretechnologies Ltd
2549003ZVBH73EPNS513
Check Point Software Technologies, Ltd.
M22465104
7541.00000000
NS
USD
959215.20000000
0.197666900999
Long
EC
CORP
IL
N
1
N
N
N
Sika Ag
549300R3N69ECGYPU434
Sika AG
N/A
8574.00000000
NS
2436275.36000000
0.502046882067
Long
EC
CORP
CH
N
2
N
N
N
Total Sa Ex Total Ciefrancaise Des Petroles
529900S21EQ1BO4ESM68
TotalEnergies SE
000012027
108775.00000000
NS
6724529.65000000
1.385733813009
Long
EC
CORP
FR
N
2
N
N
N
Zozo Inc
549300GC7XPQMZA0OW13
ZOZO, Inc.
N/A
43900.00000000
NS
1138028.89000000
0.234515303691
Long
EC
CORP
JP
N
2
N
N
N
Man Group Plc
2549003YWC1DW6LALB09
Man Group plc
N/A
485803.00000000
NS
1494549.90000000
0.307984117768
Long
EC
CORP
JE
N
2
N
N
N
Kyoei Steel Ltd
N/A
Kyoei Steel, Ltd.
N/A
39900.00000000
NS
436167.46000000
0.089881676327
Long
EC
CORP
JP
N
2
N
N
N
Swiss Life Holding Ag
5493000KUC3Z24U77V93
Swiss Life Holding AG
N/A
1922.00000000
NS
1137531.45000000
0.234412795492
Long
EC
CORP
CH
N
2
N
N
N
Tohoku Electric Power Company Inc
353800KTF7EYIIYHY088
Tohoku Electric Power Company, Inc.
N/A
21400.00000000
NS
115100.12000000
0.023718852688
Long
EC
CORP
JP
N
2
N
N
N
Wynn Macau Ltd
254900NMDQ8ENTHU1I31
Wynn Macau, Ltd.
G98149100
27200.00000000
NS
31131.28000000
0.006415269109
Long
EC
CORP
KY
N
2
N
N
N
Oracle Corporation Japan Tokyo
529900MIMKY9RU60Z323
Oracle Corporation Japan
N/A
12400.00000000
NS
849484.75000000
0.175054584183
Long
EC
CORP
JP
N
2
N
N
N
Northern Star Resources Ltd
254900XFXCRYYZAX6M78
Northern Star Resources, Ltd.
N/A
21064.00000000
NS
187691.61000000
0.038677888853
Long
EC
CORP
AU
N
2
N
N
N
MACQUARIE GROUP LTD
ACMHD8HWFMFUIQQ8Y590
Macquarie Group, Ltd.
N/A
12265.00000000
NS
1636264.00000000
0.337187352844
Long
EC
CORP
AU
N
2
N
N
N
Sonova Holding Ag
5299004A0QNX7FBNHS61
Sonova Holding AG
N/A
2823.00000000
NS
705952.68000000
0.145476717328
Long
EC
CORP
CH
N
2
N
N
N
Solvay Sa
549300MMVL80RTBP3O28
Solvay SA
000347075
9936.00000000
NS
1157851.88000000
0.238600256684
Long
EC
CORP
BE
N
2
N
N
N
Nintendo Co
353800FEEXU6I9M0ZF27
Nintendo Company, Ltd.
375660000
55600.00000000
NS
2410694.01000000
0.496775295276
Long
EC
CORP
JP
N
2
N
N
N
Sumco Corp
353800SUSRUOM0V6KU92
Sumco Corporation
N/A
19900.00000000
NS
294853.74000000
0.060760948152
Long
EC
CORP
JP
N
2
N
N
N
Oc Oerlikon Corporation Ag
529900I8VLAZR2FJ0M10
OC Oerlikon Corporation AG
N/A
7910.00000000
NS
54308.12000000
0.011191354952
Long
EC
CORP
CH
N
2
N
N
N
Fujifilm Holdings Corp
529900UBKMFM0ST6H474
FUJIFILM Holdings NPV
381400000
19300.00000000
NS
1021378.88000000
0.210477062869
Long
EC
CORP
JP
N
2
N
N
N
Dollarama Inc
5493002GJ0NJP1HI0C79
Dollarama, Inc.
25675T958
8770.00000000
NS
524466.50000000
0.108077590652
Long
EC
CORP
CA
N
2
N
N
N
NIPPON YUSEN KK
353800YPW4XM0ZN5I149
Nippon Yusen Kabushiki Kaisha
375300000
31700.00000000
NS
754107.03000000
0.155399955757
Long
EC
CORP
JP
N
2
N
N
N
Hysan Development Company Ltd
5299007BABFLKIH9HL03
Hysan Development Company, Ltd.
N/A
30000.00000000
NS
100933.43000000
0.020799501837
Long
EC
CORP
HK
N
2
N
N
N
Daiwa House Industry Company Ltd
N/A
Daiwa House Industry Company, Ltd.
350500000
41500.00000000
NS
996623.62000000
0.205375709671
Long
EC
CORP
JP
N
2
N
N
N
SUN LIFE FINL INC
549300V040JZX5S66Z78
Sun Life Financial, Inc.
866796956
6090.00000000
NS
306021.87000000
0.063062381289
Long
EC
CORP
CA
N
2
N
N
N
Avacta Group Plc
2138009U3EG31OPMGH36
Avacta Group plc
N/A
37853.00000000
NS
66593.80000000
0.013723083278
Long
EC
CORP
GB
N
2
N
N
TIETO CORPORATION
549300EW2KM4KROKQV31
Tieto Oyj
N/A
362.00000000
NS
11024.32000000
0.002271797996
Long
EC
CORP
FI
N
2
N
N
N
Skandinaviska Enskilda Banken Ab
F3JS33DEI6XQ4ZBPTN86
Skandinaviska Enskilda Banken AB
N/A
12723.00000000
NS
154022.22000000
0.031739587646
Long
EC
CORP
SE
N
2
N
N
N
Technology One Limited
875500YEWBJIM91P9N12
Technology One, Ltd.
N/A
8168.00000000
NS
84452.39000000
0.017403229445
Long
EC
CORP
AU
N
2
N
N
N
Lasertec Corp
N/A
Lasertec Corporation
N/A
400.00000000
NS
75729.16000000
0.015605620482
Long
EC
CORP
JP
N
2
N
N
N
Fortis Inc
549300MQYQ9Y065XPR71
Fortis, Inc.
349553958
14327.00000000
NS
588671.67000000
0.121308445398
Long
EC
CORP
CA
N
2
N
N
HONG KONG EXCHANGES & CLEARING LTD
213800YTVSXYQN17BW16
Hong Kong Exchanges & Clearing, Ltd.
038804544
71800.00000000
NS
3229391.01000000
0.665485402088
Long
EC
CORP
HK
N
2
N
N
N
Asml Holding N V
724500Y6DUVHQD6OXN27
ASML Holding NV
001027321
11658.00000000
NS
7713455.43000000
1.589523217359
Long
EC
CORP
NL
N
2
N
N
N
Dassault Systemes
96950065LBWY0APQIM86
Dassault Systemes SE
N/A
22850.00000000
NS
849808.40000000
0.175121279219
Long
EC
CORP
FR
N
2
N
N
N
Keppel Corporation Ltd
254900SQ7IPDOY6IDW33
Keppel Corporation, Ltd.
1U6893462
88200.00000000
NS
509236.64000000
0.104939150780
Long
EC
CORP
SG
N
2
N
N
N
Henderson Land Development Company Ltd
529900SYQB7IVR9QGN76
Henderson Land Development Company, Ltd.
N/A
48000.00000000
NS
177311.91000000
0.036538928657
Long
EC
CORP
HK
N
2
N
N
N
Rio Tinto Ltd
529900X2VMAQT2PE0V24
Rio Tinto, Ltd.
N/A
46407.00000000
NS
4164445.24000000
0.858173416113
Long
EC
CORP
AU
N
2
N
N
N
Lafargeholcim Ltd
529900EHPFPYHV6IQO98
Holcim, Ltd.
001221405
20795.00000000
NS
1243223.47000000
0.256192907039
Long
EC
CORP
CH
N
2
N
N
N
Recordati Industria Chimica E Farmaceutica Spa Mila
815600FBF92FD3531704
Recordati SPA
N/A
65848.00000000
NS
2884690.17000000
0.594452388000
Long
EC
CORP
IT
N
2
N
N
N
Daito Trust Construction Company Ltd
353800QQ4DRI3KXS3038
Daito Trust Construction Company, Ltd.
N/A
6100.00000000
NS
602793.56000000
0.124218564246
Long
EC
CORP
JP
N
2
N
N
N
Groupe Cgi Inc
549300WSRCZY73ZG3090
CGI, Inc.
12532H955
55934.00000000
NS
4794042.58000000
0.987915475116
Long
EC
CORP
CA
N
2
N
N
N
Lottery Corp Ltd/The
N/A
Lottery Corporation, Ltd.
N/A
575506.00000000
NS
1919403.68000000
0.395534367253
Long
EC
CORP
AU
N
2
N
N
N
Bollore Sa
969500LEKCHH6VV86P94
Bollore SA
N/A
47349.00000000
NS
264934.45000000
0.054595435622
Long
EC
CORP
FR
N
2
N
N
N
Humm Group Ltd
549300Z5SL6S3F9O0M28
Humm Group, Ltd.
BN4KQK909
212371.00000000
NS
89567.49000000
0.018457305700
Long
EC
CORP
AU
N
2
N
N
N
Wing Tai Holdings Ltd
N/A
Wing Tai Holdings, Ltd.
N/A
50459.00000000
NS
59292.02000000
0.012218394628
Long
EC
CORP
SG
N
2
N
N
N
Toyo Suisan Kaisha Ltd
N/A
Toyo Suisan Kaisha, Ltd.
892306101
7500.00000000
NS
309906.11000000
0.063862812395
Long
EC
CORP
JP
N
2
N
N
N
Oriental Land Company Ltd
353800PIFKBZ6KTU5994
Oriental Land Company, Ltd.
N/A
13800.00000000
NS
2299355.75000000
0.473831654666
Long
EC
CORP
JP
N
2
N
N
N
Glaxosmithkline Plc
5493000HZTVUYLO1D793
GSK plc
N/A
41386.00000000
NS
726945.52000000
0.149802743048
Long
EC
CORP
GB
N
2
N
N
N
Sino Land Company Ltd
529900G5P51053HJVZ92
Sino Land Company, Ltd.
N/A
38000.00000000
NS
49380.17000000
0.010175844976
Long
EC
CORP
HK
N
2
N
N
N
Comsys Holdings
529900BXEDA1UA6QX260
COMSYS Holdings Corporation
330553000
13800.00000000
NS
263199.09000000
0.054237827409
Long
EC
CORP
JP
N
2
N
N
N
Gaming Vc Holdings Sa
213800GNI3K45LQR8L28
Entain plc
N/A
25118.00000000
NS
463192.92000000
0.095450853011
Long
EC
CORP
IM
N
2
N
N
N
Commonwealth Bank Of Aust
MSFSBD3QN1GSN7Q6C537
Commonwealth Bank of Australia
N/A
31398.00000000
NS
2450997.30000000
0.505080654110
Long
EC
CORP
AU
N
2
N
N
N
Boliden AB
21380059QU7IM1ONDJ56
Boliden AB
N/A
26353.00000000
NS
1182644.06000000
0.243709218041
Long
EC
CORP
SE
N
2
N
N
N
Fanuc Ltd
529900QTSW745LOKW705
FANUC Corporation
N/A
4400.00000000
NS
777434.66000000
0.160207115120
Long
EC
CORP
JP
N
2
N
N
N
The Toronto-Dominion Bank
PT3QB789TSUIDF371261
Toronto-Dominion Bank
891160954
12081.00000000
NS
835877.54000000
0.172250526207
Long
EC
CORP
CA
N
2
N
N
N
Bae System Plc
8SVCSVKSGDWMW2QHOH83
BAE Systems plc
000263494
23583.00000000
NS
249650.48000000
0.051445845222
Long
EC
CORP
GB
N
2
N
N
N
Bank Nova Scotia Halifax
L3I9ZG2KFGXZ61BMYR72
Bank of Nova Scotia
064149958
27005.00000000
NS
1461929.39000000
0.301261960820
Long
EC
CORP
CA
N
2
N
N
N
Imcd N V
724500NSJPNFJPDAUP02
IMCD NV
N/A
1379.00000000
NS
218614.56000000
0.045050227090
Long
EC
CORP
NL
N
2
N
N
N
Sangetsu Corp
N/A
Sangetsu Company, Ltd.
N/A
26200.00000000
NS
460416.00000000
0.094878608982
Long
EC
CORP
JP
N
2
N
N
N
Valeant Pharmaceuticals International Inc Cda
B3BS7ACMDUWISF18KY76
Bausch Health Companies, Inc.
071734107
30821.00000000
NS
USD
237321.70000000
0.048905235216
Long
EC
CORP
CA
N
1
N
N
Tc Energy Corp
549300UGKOFV2IWJJG27
TC Energy Corporation
87807B958
141841.00000000
NS
6111566.29000000
1.259419542971
Long
EC
CORP
CA
N
2
N
N
N
Coca Cola Hbc Ltd
549300EFP3TNG7JGVE49
Coca-Cola HBC AG
N/A
5829.00000000
NS
141652.60000000
0.029190561680
Long
EC
CORP
CH
N
2
N
N
N
Scout24 Ag
5493007EIKM2ENQS7U66
Scout24 SE
N/A
1309.00000000
NS
76207.06000000
0.015704102045
Long
EC
CORP
DE
N
2
N
N
N
Vontobel Holding Ag Zuerich
529900G69W5VR3DDPW23
Vontobel Holding AG
N/A
698.00000000
NS
49434.41000000
0.010187022294
Long
EC
CORP
CH
N
2
N
N
N
ASAHI GLASS CO LTD
JE4WFFEELMVPFZ0G1E77
AGC, Inc.
311200000
11000.00000000
NS
405303.95000000
0.083521586979
Long
EC
CORP
JP
N
2
N
N
N
Swedish Orphan Biovitrum Ab
549300124Y3MQI87PT35
Swedish Orphan Biovitrum AB
N/A
63.00000000
NS
1404.94000000
0.000289518072
Long
EC
CORP
SE
N
2
N
N
N
Halma Plc
2138007FRGLUR9KGBT40
Halma plc
000405207
186441.00000000
NS
4963806.76000000
1.022899031842
Long
EC
CORP
GB
N
2
N
N
N
Hexatronic Group AB
2138001VSY1B4U9JLM82
Hexatronic Group AB
N/A
6719.00000000
NS
82700.55000000
0.017042225174
Long
EC
CORP
SE
N
2
N
N
N
Sampo Oyj
743700UF3RL386WIDA22
Sampo Oyj
000900330
5376.00000000
NS
282236.17000000
0.058160826761
Long
EC
CORP
FI
N
2
N
N
N
COLES GROUP LTD
549300OHQRG2HN8LZ793
Coles Group, Ltd.
N/A
140032.00000000
NS
1761273.77000000
0.362948301827
Long
EC
CORP
AU
N
2
N
N
N
Lundbergfoeretagen Ab
529900BPSFZS6O3A9R04
L E Lundbergforetagen AB
N/A
4203.00000000
NS
194629.42000000
0.040107573665
Long
EC
CORP
SE
N
2
N
N
N
Nine Entertainment Company Holdings Ltd
529900WLXD3X7TFOAI42
Nine Entertainment Company Holdings, Ltd.
N/A
45509.00000000
NS
65843.90000000
0.013568550271
Long
EC
CORP
AU
N
2
N
N
N
Endesa
549300LHK07F2CHV4X31
Endesa SA
N/A
3029.00000000
NS
60388.09000000
0.012444263401
Long
EC
CORP
ES
N
2
N
N
N
Japan Post Holdings Company Ltd
5299003D9N4JBS256X18
Japan Post Holdings Company, Ltd.
N/A
32000.00000000
NS
280942.80000000
0.057894300084
Long
EC
CORP
JP
N
2
N
N
N
Epiroc AB
5493004Q73OEYW1SPE91
Epiroc AB, Class B
N/A
6958.00000000
NS
116007.09000000
0.023905753343
Long
EC
CORP
SE
N
2
N
N
N
Compass Group PLC
2138008M6MH9OZ6U2T68
Compass Group plc
N/A
14887.00000000
NS
355620.41000000
0.073283226096
Long
EC
CORP
GB
N
2
N
N
N
Carsalescom Ltd
5299009TFWZGH2AN7D11
Carsales.com, Ltd.
N/A
52298.00000000
NS
846718.51000000
0.174484540998
Long
EC
CORP
AU
N
2
N
N
N
Mitsubishi Ufj Financial Group Inc
353800V2V8PUY9TK3E06
Mitsubishi UFJ Financial Group, Inc.
390290000
271300.00000000
NS
1987240.35000000
0.409513570599
Long
EC
CORP
JP
N
2
N
N
N
Toagosei Company Ltd
N/A
Toagosei Company, Ltd.
N/A
39000.00000000
NS
353922.84000000
0.072933405325
Long
EC
CORP
JP
N
2
N
N
N
Auto Trader Group Plc
213800QLK9BZILB1DI86
Auto Trader Group plc
N/A
469383.00000000
NS
3641695.22000000
0.750449543044
Long
EC
CORP
GB
N
2
N
N
N
Standard Chartered Plc
U4LOSYZ7YG4W3S5F2G91
Standard Chartered plc
000408284
38469.00000000
NS
323124.38000000
0.066586720927
Long
EC
CORP
GB
N
2
N
N
N
DaIIchi Sankyo Co
353800XGIU2IHQGC9504
Daiichi Sankyo Company, Ltd.
347535000
23800.00000000
NS
747485.05000000
0.154035354503
Long
EC
CORP
JP
N
2
N
N
N
A P Moeller Maersk A S
549300D2K6PKKKXVNN73
A.P. Moller - Maersk AS, Class B
N/A
418.00000000
NS
909272.41000000
0.187375116083
Long
EC
CORP
DK
N
2
N
N
N
Suncor Energy Inc New
549300W70ZOQDVLCHY06
Suncor Energy, Inc.
867224958
37238.00000000
NS
1292436.09000000
0.266334224738
Long
EC
CORP
CA
N
2
N
N
N
Banca Mediolanum Spa
7LVZJ6XRIE7VNZ4UBX81
Banca Mediolanum SPA
N/A
48180.00000000
NS
460956.11000000
0.094989910251
Long
EC
CORP
IT
N
2
N
N
N
Jxtg Hldgs
3538001KQ5SAOZSQTT44
Eneos Holdings, Inc.
338645000
207200.00000000
NS
741816.76000000
0.152867281563
Long
EC
CORP
JP
N
2
N
N
N
AB Industrivarden (publ)
549300TM1DLIQI3B3T37
AB Industrivarden, Class C
N/A
49168.00000000
NS
1295314.80000000
0.266927444784
Long
EC
CORP
SE
N
2
N
N
N
Bluescope Steel Ltd
529900H6UQI16XACWC95
BlueScope Steel, Ltd.
N/A
7526.00000000
NS
102628.37000000
0.021148780641
Long
EC
CORP
AU
N
2
N
N
N
Paragon Group Of Companies Plc
213800S1TDKIB1IUTS72
Paragon Banking Group plc
N/A
19219.00000000
NS
142401.58000000
0.029344905101
Long
EC
CORP
GB
N
2
N
N
N
Lna Sante
969500FULTKJYIRIAT87
LNA Sante
N/A
2181.00000000
NS
74451.43000000
0.015342316763
Long
EC
CORP
FR
N
2
N
N
N
Relx Plc
549300WSX3VBUFFJOO66
RELX plc
00B2B0DG9
134880.00000000
NS
4007135.10000000
0.825756281908
Long
EC
CORP
GB
N
2
N
N
N
Technip Energies NV
724500FLODI49NSCIP70
Technip Energies NV
N/A
5307.00000000
NS
102888.01000000
0.021202285041
Long
EC
CORP
NL
N
2
N
N
N
Caixabank S A
7CUNS533WID6K7DGFI87
CaixaBank SA
N/A
484136.00000000
NS
2148083.49000000
0.442658755361
Long
EC
CORP
ES
N
2
N
N
N
Genmab As
529900MTJPDPE4MHJ122
Genmab AS
N/A
1016.00000000
NS
398167.12000000
0.082050889821
Long
EC
CORP
DK
N
2
N
N
N
Chiyoda Company Ltd
N/A
Chiyoda Company, Ltd.
N/A
19600.00000000
NS
119542.24000000
0.024634246954
Long
EC
CORP
JP
N
2
N
N
N
Getlink Se
9695007ZEQ7M0OE74G82
Groupe Eurotunnel SA
N/A
29508.00000000
NS
499089.46000000
0.102848106326
Long
EC
CORP
FR
N
2
N
N
N
Ubs Group Ag
549300SZJ9VS8SGXAN81
UBS Group AG
N/A
47390.00000000
NS
1011558.11000000
0.208453282208
Long
EC
CORP
CH
N
2
N
N
N
Saras Raffinerie Sarde Spa
5299005KJSU2AQUJUH84
Saras SPA
N/A
40297.00000000
NS
69864.06000000
0.014396990614
Long
EC
CORP
IT
N
2
N
N
N
Yuasa Trading Company Ltd
N/A
Yuasa Trading Company, Ltd.
N/A
9600.00000000
NS
273553.87000000
0.056371652304
Long
EC
CORP
JP
N
2
N
N
N
Akzo Nobel N V Iam Commercial Paper 42
724500XYIJUGXAA5QD70
Akzo Nobel NV
N/A
1337.00000000
NS
99586.06000000
0.020521847300
Long
EC
CORP
NL
N
2
N
N
N
Banco Bilbao Vizcaya Argentaria, S.A.
K8MS7FD7N5Z2WQ51AZ71
Banco Bilbao Vizcaya Argentaria SA
011321183
33832.00000000
NS
238980.62000000
0.049247091324
Long
EC
CORP
ES
N
2
N
N
N
Sekisui House Ltd
529900GMNDOYQSAJAE76
Sekisui House, Ltd.
N/A
26600.00000000
NS
502720.31000000
0.103596320978
Long
EC
CORP
JP
N
2
N
N
N
Baytex Energy Corp
549300R5LTV2H7I1I079
Baytex Energy Corporation
07317Q956
30398.00000000
NS
140732.54000000
0.029000963549
Long
EC
CORP
CA
N
2
N
N
N
Sands China Ltd
549300EVO6UZDGY05787
Sands China, Ltd.
N/A
176400.00000000
NS
661515.26000000
0.136319432185
Long
EC
CORP
KY
N
2
N
N
N
Spirax-Sarco Engineering plc
213800WFVZQMHOZP2W17
Spirax-Sarco Engineering plc
N/A
5988.00000000
NS
855337.25000000
0.176260617551
Long
EC
CORP
GB
N
2
N
N
N
Shin-Etsu Chemical Company Ltd
353800PX8Q64N86H5W41
Shin-Etsu Chemical Company, Ltd.
337120000
19000.00000000
NS
2801039.75000000
0.577214421704
Long
EC
CORP
JP
N
2
N
N
N
Ono Pharmaceutical Company Ltd
529900G26L4NG4GFJZ86
Ono Pharmaceutical Company, Ltd.
N/A
2800.00000000
NS
60756.36000000
0.012520153347
Long
EC
CORP
JP
N
2
N
N
N
Redde Northgate Plc
213800B3ZUTDOZYVJB41
Redde Northgate plc
N/A
31611.00000000
NS
169136.56000000
0.034854222140
Long
EC
CORP
GB
N
2
N
N
N
Chugai Pharmaceutical Company Ltd
529900T9LAII161DCN95
Chugai Pharmaceutical Company, Ltd.
351940000
6100.00000000
NS
158143.04000000
0.032588771144
Long
EC
CORP
JP
N
2
N
N
N
Neste Oil
5493009GY1X8GQ66AM14
Neste Oil Oyj
N/A
6012.00000000
NS
287386.27000000
0.059222115517
Long
EC
CORP
FI
N
2
N
N
N
Mitsubishi Electric Corp
549300TRXM9Y6561AX39
Mitsubishi Electric Corporation
390240000
178200.00000000
NS
1963898.44000000
0.404703468535
Long
EC
CORP
JP
N
2
N
N
N
Evolution Gaming Group Ab
549300SUH6ZR1RF6TA88
Evolution Gaming Group AB
N/A
858.00000000
NS
96431.61000000
0.019871805103
Long
EC
CORP
SE
N
2
N
N
N
Acerinox Sa
95980020140005582721
Acerinox SA
N/A
73062.00000000
NS
791254.14000000
0.163054915890
Long
EC
CORP
ES
N
2
N
N
N
Next Group Plc
213800WQD8ECPZP9PH98
Next plc
003208986
10939.00000000
NS
895620.68000000
0.184561883805
Long
EC
CORP
GB
N
2
N
N
N
Mitsubishi Corp
KVIPTY4PULAPGC1VVD26
Mitsubishi Corporation
389840000
41000.00000000
NS
1372924.17000000
0.282920522934
Long
EC
CORP
JP
N
2
N
N
N
D Ieteren Group Nv
549300DV5KJ23OKVTW34
D'ieteren Group
N/A
821.00000000
NS
156905.09000000
0.032333664949
Long
EC
CORP
BE
N
2
N
N
N
Japan Airlines Company Limited Jal
3538002MH5L1QZZ93477
Japan Airlines Company, Ltd.
N/A
38600.00000000
NS
818612.75000000
0.168692745289
Long
EC
CORP
JP
N
2
N
N
N
IIDA GROUP HLDGS CO LTD
35380051BV8PV1I4S949
Iida Group Holdings Company, Ltd.
N/A
36300.00000000
NS
605137.73000000
0.124701630840
Long
EC
CORP
JP
N
2
N
N
N
Mitsui & Company Ltd
2NRSB4GOU9DD6CNW5R48
Mitsui & Company, Ltd.
389360000
15600.00000000
NS
460242.80000000
0.094842917400
Long
EC
CORP
JP
N
2
N
N
N
Inpex Corp
353800VHYYADPR6MXQ47
Inpex Corporation
329446000
36000.00000000
NS
395591.31000000
0.081520088828
Long
EC
CORP
JP
N
2
N
N
N
Royal Bank Cda
ES7IP3U3RHIGC71XBU11
Royal Bank of Canada
780087953
4465.00000000
NS
456919.62000000
0.094158104762
Long
EC
CORP
CA
N
2
N
N
N
Aristocrat Leisure Ltd
529900TE2HO3OZKYKC27
Aristocrat Leisure, Ltd.
N/A
162811.00000000
NS
3930791.09000000
0.810023958373
Long
EC
CORP
AU
N
2
N
N
N
Genting Singapore Ltd
254900Y2N3AK93K1O866
Genting Singapore, Ltd.
N/A
187800.00000000
NS
142232.13000000
0.029309986288
Long
EC
CORP
SG
N
2
N
N
N
Sumitomo Corp
V82KK8NH1P0JS71FJC05
Sumitomo Corporation
340460000
42200.00000000
NS
757487.00000000
0.156096471195
Long
EC
CORP
JP
N
2
N
N
N
Porsche Automobil Holding Se Stuttgart
52990053Z17ZYM1KFV27
Porsche Automobil Holding SE
N/A
54546.00000000
NS
3261656.89000000
0.672134479905
Long
EC
CORP
DE
N
2
N
N
N
Baloise-Holding Basel
529900G5XKBZN48T6283
Baloise Holding AG
001241051
9773.00000000
NS
1607394.04000000
0.331238077306
Long
EC
CORP
CH
N
2
N
N
N
Forfarmers B V
724500YEIHQKMHTXW058
ForFarmers BV
N/A
28309.00000000
NS
95444.46000000
0.019668381637
Long
EC
CORP
NL
N
2
N
N
N
Nomura Research Institute Ltd
5299005F1HCVF4M4QN79
Nomura Research Institute, Ltd.
N/A
16800.00000000
NS
403327.58000000
0.083114313478
Long
EC
CORP
JP
N
2
N
N
N
Swire Pptys Ltd
5299001L12PHYVQ92465
Swire Properties, Ltd.
000006360
29400.00000000
NS
82630.43000000
0.017027775442
Long
EC
CORP
HK
N
2
N
N
N
Deutsche Post Ag
8ER8GIG7CSMVD8VUFE78
Deutsche Post AG
000555200
24071.00000000
NS
1036413.25000000
0.213575217826
Long
EC
CORP
DE
N
2
N
N
N
Partners Group Holding
549300I3IVVWZWDHI788
Partners Group Holding AG
N/A
777.00000000
NS
729057.01000000
0.150237860928
Long
EC
CORP
CH
N
2
N
N
N
L Air Liquide
969500MMPQVHK671GT54
Air Liquide SA
000012007
32834.00000000
NS
5228009.11000000
1.077343602529
Long
EC
CORP
FR
N
2
N
N
N
Biomerieux 69 Marcy L'Etoile
549300AK8Y0LBIQ4T071
BioMerieux
N/A
1407.00000000
NS
143437.33000000
0.029558343642
Long
EC
CORP
FR
N
2
N
N
N
Wharf Real Estate Investment Company Ltd
529900QLPKS8U9QOPB59
Wharf Real Estate Investment Company, Ltd.
N/A
9000.00000000
NS
51521.99000000
0.010617213005
Long
EC
CORP
KY
N
2
N
N
N
Kikkoman Corp
529900T9K5UH9HXOND47
Kikkoman Corporation
N/A
1200.00000000
NS
63470.55000000
0.013079470512
Long
EC
CORP
JP
N
2
N
N
N
Bayer Ag
549300J4U55H3WP1XT59
Bayer AG
000BAY001
103419.00000000
NS
6437282.84000000
1.326540436221
Long
EC
CORP
DE
N
2
N
N
N
Denso Corp
549300RYPA10CQM3QK38
Denso Corporation
355150000
1200.00000000
NS
64806.84000000
0.013354841777
Long
EC
CORP
JP
N
2
N
N
N
Road King Infrastructure Ltd
N/A
Road King Infrastructure, Ltd.
N/A
116000.00000000
NS
57654.82000000
0.011881014392
Long
EC
CORP
BM
N
2
N
N
N
Nibe Industrier AB
549300ZQH0FIF1P0MX67
NIBE Industrier AB
N/A
24786.00000000
NS
267794.52000000
0.055184814495
Long
EC
CORP
SE
N
2
N
N
N
Legrand Sa
969500XXRPGD7HCAFA90
Legrand SA
N/A
55785.00000000
NS
4956025.18000000
1.021295470093
Long
EC
CORP
FR
N
2
N
N
N
Telenet Group Holding Nv
213800FA3K4S56INQI67
Telenet Group Holding NV
N/A
8401.00000000
NS
144808.27000000
0.029840855284
Long
EC
CORP
BE
N
2
N
N
N
Petrohawk Energy Corp
WZE1WSENV6JSZFK0JC28
BHP Group, Ltd.
N/A
46741.00000000
NS
1636972.41000000
0.337333335945
Long
EC
CORP
AU
N
2
N
N
N
Shopify Inc
549300HGQ43STJLLP808
Shopify, Inc.
82509L107
98377.00000000
NS
USD
4847034.79000000
0.998835658541
Long
EC
CORP
CA
N
1
N
N
N
Indutrade Ab
549300FISLQ6CEFP1867
Indutrade AB
N/A
6587.00000000
NS
146279.09000000
0.030143949346
Long
EC
CORP
SE
N
2
N
N
N
Futu Holdings Ltd
213800X4W4ZRESFPTQ37
Futu Holdings, Ltd. ADR
36118L106
6635.00000000
NS
USD
336792.60000000
0.069403351324
Long
EC
CORP
KY
N
1
N
N
Takara Standard Company Ltd
N/A
Takara Standard Company, Ltd.
N/A
4300.00000000
NS
46926.91000000
0.009670298044
Long
EC
CORP
JP
N
2
N
N
N
Storebrand Asa
5967007LIEEXZX7NA051
Storebrand ASA
000305360
14931.00000000
NS
129982.82000000
0.026785752782
Long
EC
CORP
NO
N
2
N
N
N
Hexpol Ab
549300MN30TBRLYN3465
Hexpol AB
N/A
76702.00000000
NS
828600.70000000
0.170750976980
Long
EC
CORP
SE
N
2
N
N
N
Wix Common Ltd
5493008P6N29Q1AG9464
Wix.com, Ltd.
M98068105
3274.00000000
NS
USD
284772.52000000
0.058683496172
Long
EC
CORP
IL
N
1
N
N
N
Sumitomo Mitsui Trust Holdingsinc
353800P843RLCDBLNT17
Sumitomo Mitsui Trust Holdings, Inc.
389210000
52900.00000000
NS
1927074.94000000
0.397115195196
Long
EC
CORP
JP
N
2
N
N
N
Nestle Sa Cham Et Vevey
KY37LUS27QQX7BB93L28
Nestle SA
003886335
74078.00000000
NS
9038186.95000000
1.862512609326
Long
EC
CORP
CH
N
2
N
N
N
Publicis Groupe Sa
2138004KW8BV57III342
Publicis Groupe SA
N/A
21057.00000000
NS
1485347.05000000
0.306087672799
Long
EC
CORP
FR
N
2
N
N
N
Imperial Brands Plc
549300DFVPOB67JL3A42
Imperial Brands plc
000454492
82631.00000000
NS
2072898.56000000
0.427165285163
Long
EC
CORP
GB
N
2
N
N
N
Bureau Veritas Registre International De Classification De Navires Et D
969500TPU5T3HA5D1F11
Bureau Veritas SA
N/A
6927.00000000
NS
198052.26000000
0.040812923387
Long
EC
CORP
FR
N
2
N
N
N
Adyen N V
724500973ODKK3IFQ447
Adyen NV
N/A
900.00000000
NS
1360710.92000000
0.280403720366
Long
EC
CORP
NL
N
2
N
N
N
Secom Company Ltd
529900TYCL9N3E9PGE47
Secom Company, Ltd.
342180000
32600.00000000
NS
1942171.57000000
0.400226180163
Long
EC
CORP
JP
N
2
N
N
N
Intercontinental Hotels Group
2138007ZFQYRUSLU3J98
InterContinental Hotels Group plc
N/A
50652.00000000
NS
3516439.97000000
0.724638007633
Long
EC
CORP
GB
N
2
N
N
N
Hamamatsu Photonics K K
N/A
Hamamatsu Photonics KK
377180000
6800.00000000
NS
363326.04000000
0.074871136715
Long
EC
CORP
JP
N
2
N
N
N
Taiyo Ink Mfg Company Ltd
N/A
Taiyo Holdings Company, Ltd.
N/A
17100.00000000
NS
315455.21000000
0.065006323674
Long
EC
CORP
JP
N
2
N
N
N
WESTPAC BANKING CORP
EN5TNI6CI43VEPAMHL14
Westpac Banking Corporation
N/A
31939.00000000
NS
537402.60000000
0.110743351993
Long
EC
CORP
AU
N
2
N
N
N
Seek Ltd
549300209NEKXBC8QO27
SEEK, Ltd.
N/A
52513.00000000
NS
909471.80000000
0.187416204676
Long
EC
CORP
AU
N
2
N
N
N
Canadian National Railway Co
3SU7BEP7TH9YEQOZCS77
Canadian National Railway Company
136375961
56654.00000000
NS
6743722.91000000
1.389688996605
Long
EC
CORP
CA
N
2
N
N
N
Cie De Saint-Gobain Courbevoie
NFONVGN05Z0FMN5PEC35
Compagnie de Saint-Gobain
000012500
17470.00000000
NS
1003318.20000000
0.206755271715
Long
EC
CORP
FR
N
2
N
N
N
Atlas Copco Aktiebolag
213800T8PC8Q4FYJZR07
Atlas Copco AB, Class A
N/A
13589.00000000
NS
161247.94000000
0.033228602499
Long
EC
CORP
SE
N
2
N
N
N
Tecan Ag Hombrechtikon
529900CSN9R3BLETSL26
Tecan Group AG
001210019
3266.00000000
NS
1370655.85000000
0.282453086863
Long
EC
CORP
CH
N
2
N
N
N
Advantest Corp
353800EMK32PDKS9XR54
Advantest Corporation
312240000
8200.00000000
NS
587784.04000000
0.121125530166
Long
EC
CORP
JP
N
2
N
N
N
Lintec Corporation Fsk Corp
3538002YOJO0IAM1PD28
Lintec Corporation
N/A
3900.00000000
NS
67536.40000000
0.013917326260
Long
EC
CORP
JP
N
2
N
N
N
Hanwa Company Ltd
8EUP1TJYZFX3T1E5AJ33
Hanwa Company, Ltd.
N/A
3500.00000000
NS
111443.95000000
0.022965420305
Long
EC
CORP
JP
N
2
N
N
N
Croda International Plc
2138004WCNBFJEEOXV26
Croda International plc
N/A
723.00000000
NS
61626.09000000
0.012699379900
Long
EC
CORP
GB
N
2
N
N
N
Ferrotec Holdings Corp
N/A
Ferrotec Holdings Corporation
N/A
8100.00000000
NS
202877.98000000
0.041807366675
Long
EC
CORP
JP
N
2
N
N
N
Siemens Ag
W38RGI023J3WT1HWRP32
Siemens AG
000723610
11524.00000000
NS
1800102.30000000
0.370949754677
Long
EC
CORP
DE
N
2
N
N
N
Toyota Motor Corp
5493006W3QUS5LMH6R84
Toyota Motor Corporation
363340000
246000.00000000
NS
3612687.48000000
0.744471874976
Long
EC
CORP
JP
N
2
N
N
N
Ab Skanska Cementgjuteriet
549300UINV5RINHGMG07
Skanska AB
N/A
3535.00000000
NS
62393.11000000
0.012857440851
Long
EC
CORP
SE
N
2
N
N
N
Thales
529900FNDVTQJOVVPZ19
Thales SA
N/A
19827.00000000
NS
2622294.38000000
0.540380097815
Long
EC
CORP
FR
N
2
N
N
N
Randstad Nv
7245009EAAUUQJ0U4T57
Randstad Holding NV
N/A
871.00000000
NS
55829.46000000
0.011504859746
Long
EC
CORP
NL
N
2
N
N
N
Thrivent Mutual Funds
N/A
Thrivent Core Short-Term Reserve Fund
N/A
96689.48000000
PA
USD
966894.80000000
0.199249447577
Long
STIV
PF
US
N
2
N
N
N
Beazley Plc
213800VTOMUWD41GIT12
Beazley plc
N/A
20095.00000000
NS
165369.62000000
0.034077963219
Long
EC
CORP
GB
N
2
N
N
N
Avanza Bank Holding Ab
549300MBWR5H8SIJLE03
Avanza Bank Holding AB
N/A
5958.00000000
NS
137472.57000000
0.028329176689
Long
EC
CORP
SE
N
2
N
N
N
Davide Campari Milano Spa
213800ED5AN2J56N6Z02
Davide Campari-Milano NV
N/A
16689.00000000
NS
179023.47000000
0.036891632368
Long
EC
CORP
IT
N
2
N
N
N
Sun Hung Kai Pptys Ltd
529900LUMD393RD3S874
Sun Hung Kai Properties, Ltd.
N/A
100000.00000000
NS
1418163.31000000
0.292243019708
Long
EC
CORP
HK
N
2
N
N
N
Yara International Asa
213800WKOUWXWFJ5Z514
Yara International ASA
001020805
65496.00000000
NS
2910073.87000000
0.599683244762
Long
EC
CORP
NO
N
2
N
N
N
Dsv Panalpina As
529900X41C0BSLK67H70
DSV AS
006007953
25609.00000000
NS
4236500.18000000
0.873021884623
Long
EC
CORP
DK
N
2
N
N
N
Granges Ab
5493006UG44TYSIXOB13
Granges AB
N/A
103110.00000000
NS
862449.93000000
0.177726338083
Long
EC
CORP
SE
N
2
N
N
N
Equinor Asa
OW6OFBNCKXC4US5C7523
Equinor ASA
001009698
91687.00000000
NS
2794313.86000000
0.575828407562
Long
EC
CORP
NO
N
2
N
N
N
Orix Corp
35380016EMHNBOVYE123
ORIX Corporation
320045000
40400.00000000
NS
710352.77000000
0.146383450410
Long
EC
CORP
JP
N
2
N
N
N
Resona Holdings
52990067JE75XZCYYT81
Resona Holdings, Inc.
350061000
124100.00000000
NS
686735.31000000
0.141516565348
Long
EC
CORP
JP
N
2
N
N
N
Thomson Reuters Corp
549300561UZND4C7B569
Thomson Reuters Corporation
884903956
29916.00000000
NS
3558757.27000000
0.733358396498
Long
EC
CORP
CA
N
2
N
N
N
Sysmex Corporation Kobe
5299001ZO4CKWACMZI55
Sysmex Corporation
335110000
900.00000000
NS
59746.58000000
0.012312066482
Long
EC
CORP
JP
N
2
N
N
N
PSP Swiss Property AG
50670042Y437P8X44F56
PSP Swiss Property AG
N/A
14922.00000000
NS
1860232.93000000
0.383340962914
Long
EC
CORP
CH
N
2
N
N
N
Astrazeneca Plc
PY6ZZQWO2IZFZC3IOL08
AstraZeneca plc
000989529
11381.00000000
NS
1491051.36000000
0.307263168433
Long
EC
CORP
GB
N
2
N
N
N
Ntt Data Corp
353800SZGJGSLJRRWB43
NTT Data Corporation
316570000
40200.00000000
NS
623557.62000000
0.128497444931
Long
EC
CORP
JP
N
2
N
N
N
Mizrahi Tefahot Bank Ltd
YZO9YEGEO4VYDZMDWF93
Mizrahi Tefahot Bank, Ltd.
N/A
69275.00000000
NS
2288200.24000000
0.471532822151
Long
EC
CORP
IL
N
2
N
N
N
Rogers Communications Inc
54930030NVF3Y2OL0A78
Rogers Communications, Inc.
775109960
30007.00000000
NS
1458910.10000000
0.300639771245
Long
EC
CORP
CA
N
2
N
N
N
Trelleborg Ab
213800XY16PAWG2PAD14
Trelleborg AB
N/A
9086.00000000
NS
227190.68000000
0.046817520876
Long
EC
CORP
SE
N
2
N
N
N
SAP Se
529900D6BF99LW9R2E68
SAP SE
000716460
4062.00000000
NS
481507.61000000
0.099224988382
Long
EC
CORP
DE
N
2
N
N
N
Basf Se
529900PM64WH8AF1E917
BASF SE
000BASF11
55120.00000000
NS
3160317.22000000
0.651251263586
Long
EC
CORP
DE
N
2
N
N
N
Inaba Denkisangyo Company Ltd
N/A
Inaba Denki Sangyo Company, Ltd.
N/A
39700.00000000
NS
862516.10000000
0.177739973833
Long
EC
CORP
JP
N
2
N
N
N
Omv Ag
549300V62YJ9HTLRI486
OMV AG
000074305
27790.00000000
NS
1392001.90000000
0.286851899092
Long
EC
CORP
AT
N
2
N
N
N
Kenedix Retail Reit Corp
353800IOH9ONLGE3AQ55
Kenedix Retail REIT Corporation
N/A
59.00000000
NS
110617.60000000
0.022795133133
Long
EC
CORP
JP
N
2
N
N
N
Bayerische Motorenwerke Ag Bmw Muenchen
YEH5ZCD6E441RHVHD759
Bayerische Motoren Werke AG
000519000
6765.00000000
NS
689111.89000000
0.142006310719
Long
EC
CORP
DE
N
2
N
N
N
Bunzl Plc
213800Q1Q9DV4L78UM09
Bunzl plc
00B0744B3
15517.00000000
NS
569647.18000000
0.117388040487
Long
EC
CORP
GB
N
2
N
N
N
Mizuho Financial Group
353800CI5L6DDAN5XZ33
Mizuho Financial Group, Inc.
N/A
9900.00000000
NS
154642.58000000
0.031867426153
Long
EC
CORP
JP
N
2
N
N
N
Siemens Gamesa Renewable Energy
9598004BR8D81D3M1D64
Siemens Gamesa Renewable Energy SA
014341611
7007.00000000
NS
137715.03000000
0.028379140782
Long
EC
CORP
ES
N
2
N
N
N
Fuji Corp
353800G4VS3QLM6BSX66
Fuji Corporation
380920000
4200.00000000
NS
69930.40000000
0.014410661396
Long
EC
CORP
JP
N
2
N
N
N
Melco International Development Ltd
5299005YLKSGQRHYMI33
Melco International Development, Ltd.
N/A
60000.00000000
NS
78083.93000000
0.016090871434
Long
EC
CORP
HK
N
2
N
N
N
Computershare Limited Cpu
N/A
Computershare, Ltd.
N/A
153238.00000000
NS
2580816.80000000
0.531832751297
Long
EC
CORP
AU
N
2
N
N
N
Murata Mfg Company Ltd
529900QZG6DL8ZRI7140
Murata Manufacturing Company, Ltd.
391440000
24700.00000000
NS
1411370.38000000
0.290843190533
Long
EC
CORP
JP
N
2
N
N
N
DBS Group Holdings Ltd
5493007FKT78NKPM5V55
DBS Group Holdings, Ltd.
1L0100170
219900.00000000
NS
6020042.19000000
1.240559035742
Long
EC
CORP
SG
N
2
N
N
N
Koninklijke Ahold Delhaize N V
724500C9GNBV20UYRX36
Koninklijke Ahold Delhaize NV
N/A
48776.00000000
NS
1455809.88000000
0.300000904305
Long
EC
CORP
NL
N
2
N
N
N
Fujitsu Ltd
3538000246DHJLRTUZ24
Fujitsu, Ltd.
381800000
9500.00000000
NS
1352604.63000000
0.278733245145
Long
EC
CORP
JP
N
2
N
N
N
Deterra Royalties Ltd
N/A
Deterra Royalties, Ltd.
N/A
11915.00000000
NS
41339.45000000
0.008518881863
Long
EC
CORP
AU
N
2
N
N
N
DNB Bank ASA
549300GKFG0RYRRQ1414
DNB Bank ASA
N/A
249930.00000000
NS
4673582.56000000
0.963092099874
Long
EC
CORP
NO
N
2
N
N
N
Tokyotokeiba Company Ltd
N/A
Tokyotokeiba Company, Ltd.
N/A
3500.00000000
NS
104337.53000000
0.021500989781
Long
EC
CORP
JP
N
2
N
N
N
Mitsuboshi Belting Ltd
N/A
Mitsuboshi Belting, Ltd.
N/A
12600.00000000
NS
359527.42000000
0.074088349450
Long
EC
CORP
JP
N
2
N
N
N
WSP GLOBAL INC
549300IQ87LU6X6ERQ78
WSP Global, Inc.
92938W954
1885.00000000
NS
240386.91000000
0.049536887593
Long
EC
CORP
CA
N
2
N
N
N
Astellas Pharma Inc
529900IB708DY2HBBB35
Astellas Pharma, Inc.
394240000
160200.00000000
NS
2358165.37000000
0.485950640410
Long
EC
CORP
JP
N
2
N
N
N
Csl Ltd
529900ECSECK5ZDQTE14
CSL, Ltd.
N/A
31571.00000000
NS
6666242.47000000
1.373722487252
Long
EC
CORP
AU
N
2
N
N
N
Allianz Ag
529900K9B0N5BT694847
Allianz SE
N/A
17809.00000000
NS
4258361.62000000
0.877526904035
Long
EC
CORP
DE
N
2
N
N
N
Hermes International Sa
969500Y4IJGHJE2MTJ13
Hermes International
000005229
3072.00000000
NS
5749251.52000000
1.184756800166
Long
EC
CORP
FR
N
2
N
N
N
Ferrari N V New
549300RIVY5EX8RCON76
Ferrari NV
N/A
15523.00000000
NS
3878935.45000000
0.799337989616
Long
EC
CORP
NL
N
2
N
N
N
Moneysupermarket.com Group PLC
54930016B7VO33FBE722
Moneysupermarket.com Group plc
N/A
130200.00000000
NS
383314.14000000
0.078990114171
Long
EC
CORP
GB
N
2
N
N
N
Ms&Ad Insurance Group Holdings Inc
529900CXROT5S2HMMP26
MS and AD Insurance Group Holdings, Inc.
389031000
7700.00000000
NS
246967.62000000
0.050892984277
Long
EC
CORP
JP
N
2
N
N
N
Saab Ab
549300ZHO4JCQQI13M69
Saab AB
N/A
5100.00000000
NS
208786.33000000
0.043024909136
Long
EC
CORP
SE
N
2
N
N
N
Nishimatsu Construction Company Ltd
N/A
Nishimatsu Construction Company, Ltd.
N/A
6600.00000000
NS
206172.93000000
0.042486361916
Long
EC
CORP
JP
N
2
N
N
N
Coca-Cola European Partners Plc
549300LTH67W4GWMRF57
Coca-Cola European Partners plc
G25839104
539.00000000
NS
USD
30302.58000000
0.006244497669
Long
EC
CORP
GB
N
1
N
N
N
Unilever Plc
549300MKFYEKVRWML317
Unilever plc
N/A
46127.00000000
NS
2341714.66000000
0.482560618166
Long
EC
CORP
NL
N
2
N
N
N
Ucb
2138008J191VLSGY5A09
UCB SA
N/A
7431.00000000
NS
610116.65000000
0.125727644279
Long
EC
CORP
BE
N
2
N
N
N
Penta-Ocean Construction Coltd
529900QN42Q9UIW3AS17
Penta-Ocean Construction Company, Ltd.
N/A
28500.00000000
NS
142145.91000000
0.029292218804
Long
EC
CORP
JP
N
2
N
N
N
Alstom Sa
96950032TUYMW11FB530
Alstom SA
001022047
2743.00000000
NS
81563.26000000
0.016807862135
Long
EC
CORP
FR
N
2
N
N
N
Crescent Pt Energy Corp
549300FTKUHZK8OC7N74
Crescent Point Energy Corporation
22576C952
45185.00000000
NS
337558.83000000
0.069561249478
Long
EC
CORP
CA
N
2
N
N
N
Aalberts Industries Nv
549300EMP9DT6Q35HZ31
Aalberts NV
N/A
11659.00000000
NS
551265.12000000
0.113600022079
Long
EC
CORP
NL
N
2
N
N
N
Izumi Company Ltd
N/A
Izumi Company, Ltd.
N/A
3000.00000000
NS
67925.28000000
0.013997463339
Long
EC
CORP
JP
N
2
N
N
N
Tegernsee-Bahn Ag Tegernseeoberbayern
529900TAE68USJNXLR59
TAG Immobilien AG
N/A
27880.00000000
NS
238758.99000000
0.049201419701
Long
EC
CORP
DE
N
2
N
N
N
Mcdonald S Co
529900FY9FV0AYNRC729
McDonald's Holdings Company (Japan), Ltd.
N/A
16000.00000000
NS
632118.07000000
0.130261509578
Long
EC
CORP
JP
N
2
N
N
N
Fast Retailing Company Ltd
353800ZCXKHDPY0N5218
Fast Retailing Company, Ltd.
380230000
200.00000000
NS
121471.89000000
0.025031892796
Long
EC
CORP
JP
N
2
N
N
N
Yangzijiang Shipbuilding Holdings Ltd
254900Z3JEM14YIGLM66
Yangzijiang Shipbuilding Holdings, Ltd.
1U7693481
103700.00000000
NS
102232.82000000
0.021067269065
Long
EC
CORP
SG
N
2
N
N
N
Itg Holding Spa
815600F25FF44EF1FA76
Italgas SPA
N/A
28905.00000000
NS
169200.62000000
0.034867423079
Long
EC
CORP
IT
N
2
N
N
N
Nutrien Ltd
5493002QQ7GD21OWF963
Nutrien, Ltd.
67077M108
2733.00000000
NS
USD
226265.07000000
0.046626779049
Long
EC
CORP
CA
N
1
N
N
N
Bombardier Inc
W7L3VLU8EHQY34Z36697
Bombardier, Inc.
097751960
5977.00000000
NS
288709.02000000
0.059494696574
Long
EC
CORP
CA
N
2
N
N
N
Experian Plc
635400RXXHHYT1JTSZ26
Experian plc
00B19NLV4
15158.00000000
NS
554319.67000000
0.114229477735
Long
EC
CORP
JE
N
2
N
N
N
Fairfax Financial Holdings Ltd
GLS7OQD0WOEDI8YAP031
Fairfax Financial Holdings, Ltd.
303901953
1038.00000000
NS
687191.81000000
0.141610636981
Long
EC
CORP
CA
N
2
N
N
N
CANADIAN IMPERIAL BK COMM TORONTO ONT
2IGI19DL77OX0HC3ZE78
Canadian Imperial Bank of Commerce
136069952
133903.00000000
NS
6112711.45000000
1.259655527793
Long
EC
CORP
CA
N
2
N
N
N
Nippon Steel Corp
35380065QWQ4U2V3PA33
Nippon Steel Corporation
N/A
82200.00000000
NS
1710971.61000000
0.352582461001
Long
EC
CORP
JP
N
2
N
N
N
Softbank Mobile Service Corp
5493003BZYYYCDIO0R13
SoftBank Group Corporation
N/A
58700.00000000
NS
2778980.20000000
0.572668577470
Long
EC
CORP
JP
N
2
N
N
N
Tokyo Electron Ltd
549300H5LSF8DP3RIJ34
Tokyo Electron, Ltd.
357140000
6400.00000000
NS
2236955.68000000
0.460972779557
Long
EC
CORP
JP
N
2
N
N
N
Ipsos Sa
9695002OY2X35E9X8W87
Ipsos SA
N/A
11034.00000000
NS
715084.05000000
0.147358432307
Long
EC
CORP
FR
N
2
N
N
N
Komeda Holdings Company Ltd
N/A
KOMEDA Holdings Company, Ltd.
N/A
5700.00000000
NS
105982.07000000
0.021839882581
Long
EC
CORP
JP
N
2
N
N
N
Compania De Distribucionintegral Logista Holdings S A U
9598000ANNAL42UJ7X28
Cia de Distribucion Integral Logista Holdings SA
N/A
34367.00000000
NS
931116.78000000
0.191876617854
Long
EC
CORP
ES
N
2
N
N
N
Hoya Corp
353800X4VR3BHEUCJB42
Hoya Corporation
N/A
20400.00000000
NS
2243427.56000000
0.462306449482
Long
EC
CORP
JP
N
2
N
N
N
Arcs Company Ltd
N/A
Arcs Company, Ltd.
N/A
14700.00000000
NS
248418.97000000
0.051192066127
Long
EC
CORP
JP
N
2
N
N
N
Novartis Ag Basel
5493007HIVTX6SY6XD66
Novartis AG
001200526
120715.00000000
NS
10913732.26000000
2.249009017131
Long
EC
CORP
CH
N
2
N
N
N
Loblaw Cos Ltd
5493008LN3O1DIDTSH67
Loblaw Companies, Ltd.
539481952
6133.00000000
NS
549437.15000000
0.113223329586
Long
EC
CORP
CA
N
2
N
N
N
Melco Resorts & Entertainment Ltd
529900NRV6LBR3T6B421
Melco Resorts & Entertainment. Ltd. ADR
585464100
50456.00000000
NS
USD
689228.96000000
0.142030435508
Long
EC
CORP
KY
N
1
N
N
N
La Francaise Des Jeux
969500R4CLSQFTYYI535
La Francaise des Jeux SAEM
N/A
3637.00000000
NS
155619.30000000
0.032068700294
Long
EC
CORP
FR
N
2
N
N
N
Assa Abloy Ab
549300YECS8HKCIMMB67
Assa Abloy AB
N/A
68137.00000000
NS
1605052.88000000
0.330755630988
Long
EC
CORP
SE
N
2
N
N
N
Rea Group Ltd
N/A
REA Group, Ltd.
N/A
10062.00000000
NS
902278.33000000
0.185933835629
Long
EC
CORP
AU
N
2
N
N
N
Aurizon Holdings Ltd
5299005PC1O6NOWL3H48
Aurizon Holdings, Ltd.
N/A
407540.00000000
NS
1065213.70000000
0.219510169335
Long
EC
CORP
AU
N
2
N
N
N
Ck Infrastructure Holdings Ltd
5299005U11RQ1C27MR12
CK Infrastructure Holdings, Ltd.
N/A
31500.00000000
NS
175252.03000000
0.036114446126
Long
EC
CORP
BM
N
2
N
N
N
SANOFI
549300E9PC51EN656011
Sanofi
000012057
49769.00000000
NS
4873583.38000000
1.004306565915
Long
EC
CORP
FR
N
2
N
N
N
Ana Holdings Inc
5493008IRKIY0G3TE305
All Nippon Airways Company, Ltd.
342980000
15600.00000000
NS
345271.00000000
0.071150507805
Long
EC
CORP
JP
N
2
N
N
N
Pan Pacific International Holdings Corp
529900QLHJM2E18A5763
Pan Pacific International Holdings Company
N/A
5000.00000000
NS
92465.69000000
0.019054542078
Long
EC
CORP
JP
N
2
N
N
N
Contact Energy Ltd
549300FT5JOXS1PZ1I32
Contact Energy, Ltd.
N/A
54392.00000000
NS
273545.81000000
0.056369991367
Long
EC
CORP
NZ
N
2
N
N
N
Tokio Marine Holdings Inc
5299009QN2NZ191KLS29
Tokio Marine Holdings, Inc.
391066000
12800.00000000
NS
268092.34000000
0.055246186704
Long
EC
CORP
JP
N
2
N
N
N
Volkswagen Ag Wolfsburg
529900NNUPAGGOMPXZ31
Volkswagen AG
N/A
29257.00000000
NS
4057658.05000000
0.836167621257
Long
EP
CORP
DE
N
2
N
N
N
Daikin Inds Ltd
549300Y7FWSTSHMW5Y57
Daikin Industries, Ltd.
348180000
14100.00000000
NS
2449095.47000000
0.504688741177
Long
EC
CORP
JP
N
2
N
N
N
Volkswagen Ag Wolfsburg
529900NNUPAGGOMPXZ31
Volkswagen AG
N/A
1404.00000000
NS
245755.29000000
0.050643157633
Long
EC
CORP
DE
N
2
N
N
N
Bp Plc
213800LH1BZH3DI6G760
BP plc
000798059
652154.00000000
NS
3939170.00000000
0.811750612802
Long
EC
CORP
GB
N
2
N
N
N
Bank Hapoalim B M
B6ARUI4946ST4S7WOU88
Bank Hapoalim, Ltd.
N/A
221601.00000000
NS
1994532.91000000
0.411016359270
Long
EC
CORP
IL
N
2
N
N
N
Sony Corp
529900R5WX9N2OI2N910
Sony Group Corporation
343500000
28800.00000000
NS
2573325.73000000
0.530289055376
Long
EC
CORP
JP
N
2
N
N
N
Hong Kong & China Gas Company Ltd
254900P7BETXGC7YU827
Hong Kong and China Gas Company, Ltd.
N/A
75000.00000000
NS
75301.52000000
0.015517496072
Long
EC
CORP
HK
N
2
N
N
N
B&M European Value Retail Sa
213800UK7ZRLY2K1X530
B&M European Value Retail SA
N/A
92379.00000000
NS
510884.36000000
0.105278698888
Long
EC
CORP
LU
N
2
N
N
N
Ryoyo Electro Corp
N/A
Ryoyo Electro Corporation
N/A
10600.00000000
NS
189473.48000000
0.039045081451
Long
EC
CORP
JP
N
2
N
N
Hang Seng Bank Ltd
5493009Z5F07LWZYMK62
Hang Seng Bank, Ltd.
001100009
28400.00000000
NS
472951.44000000
0.097461805721
Long
EC
CORP
HK
N
2
N
N
N
Intact Financial Corp
5493009LXGE7Y4U9OY43
Intact Financial Corporation
45823T957
4691.00000000
NS
680548.44000000
0.140241627858
Long
EC
CORP
CA
N
2
N
N
N
Mediaset Espana Comunicacionsa
95980020140005021479
Mediaset Espana Comunicacion SA
015250303
134151.00000000
NS
480653.02000000
0.099048881751
Long
EC
CORP
ES
N
2
N
N
N
Fuji Soft Inc
N/A
Fuji Soft, Inc.
N/A
7100.00000000
NS
423781.76000000
0.087329336731
Long
EC
CORP
JP
N
2
N
N
N
Roche Holding Ltd
549300U41AUUVOAAOB37
Roche Holding AG, Participation Certificates
001203204
7847.00000000
NS
2449601.16000000
0.504792949466
Long
EC
CORP
CH
N
2
N
N
N
London Stock Exchange Ltd
213800QAUUUP6I445N30
London Stock Exchange Group plc
N/A
13234.00000000
NS
1211504.48000000
0.249656527657
Long
EC
CORP
GB
N
2
N
N
N
Sage Group Plc
2138005RN5XYLTF8G138
Sage Group plc
N/A
66143.00000000
NS
635479.36000000
0.130954175601
Long
EC
CORP
GB
N
2
N
N
N
Premier Investments Ltd
N/A
Premier Investments, Ltd.
N/A
3029.00000000
NS
59896.33000000
0.012342925687
Long
EC
CORP
AU
N
2
N
N
N
Sumitomo Mitsui Financialgroup
35380028MYWPB6AUO129
Sumitomo Mitsui Financial Group, Inc.
389035000
53400.00000000
NS
2320822.45000000
0.478255329420
Long
EC
CORP
JP
N
2
N
N
N
ENGIE SA
LAXUQCHT4FH58LRZDY46
Engie SA
001020848
199053.00000000
NS
2826515.60000000
0.582464267953
Long
EC
CORP
FR
N
2
N
N
N
Shionogi & Company Ltd
35380049VXDTHZI3DY35
Shionogi & Company, Ltd.
N/A
18600.00000000
NS
886374.17000000
0.182656441755
Long
EC
CORP
JP
N
2
N
N
N
Alk-Abello As
529900SGCREUZCZ7P020
ALK-Abello AS
N/A
5316.00000000
NS
79410.50000000
0.016364239684
Long
EC
CORP
DK
N
2
N
N
N
Coloplast As
529900NN7SOJ5QG82X67
Coloplast AS
006044859
899.00000000
NS
108540.30000000
0.022367060837
Long
EC
CORP
DK
N
2
N
N
N
Sopra Sa
96950020QIOHAAK9V551
Sopra Group SA
N/A
313.00000000
NS
52058.91000000
0.010727856907
Long
EC
CORP
FR
N
2
N
N
N
InterRent Real Estate Investment Trust
N/A
InterRent Real Estate Investment Trust
46071W957
9860.00000000
NS
106784.86000000
0.022005314709
Long
EC
CORP
CA
N
2
N
N
N
Kddi Corp
5299003FU7V4I45FU310
KDDI Corporation
349640000
32100.00000000
NS
1002914.88000000
0.206672158964
Long
EC
CORP
JP
N
2
N
N
N
Flutter Entertainment Plc
635400EG4YIJLJMZJ782
Flutter Entertainment plc
N/A
2061.00000000
NS
320140.08000000
0.065971741793
Long
EC
CORP
IE
N
2
N
N
N
Ck Hutchison Holdings Ltd
254900Z8HM1VEPOQ2G79
CK Hutchison Holdings, Ltd.
N/A
330500.00000000
NS
2103286.08000000
0.433427286544
Long
EC
CORP
HK
N
2
N
N
N
Lancashire Holdings Limited
5493002UNUYXLHOWF752
Lancashire Holdings, Ltd.
N/A
7308.00000000
NS
56411.25000000
0.011624750075
Long
EC
CORP
GB
N
2
N
N
N
Hitachi Ltd
549300T6IPOCDWLKC615
Hitachi, Ltd.
378860000
15100.00000000
NS
791881.35000000
0.163184165986
Long
EC
CORP
JP
N
2
N
N
N
Banca Farmafactoring S P A
815600522538355AE429
Banca Farmafactoring SPA
N/A
14816.00000000
NS
137019.84000000
0.028235881946
Long
EC
CORP
IT
N
2
N
N
N
Arc Resources Limited Cda
FIR47I6FEYKYNJBYW622
ARC Resources, Ltd.
00208D952
53084.00000000
NS
616796.54000000
0.127104179133
Long
EC
CORP
CA
N
2
N
N
N
Rio Tinto Plc
213800YOEO5OQ72G2R82
Rio Tinto plc
000718875
3655.00000000
NS
286190.66000000
0.058975734389
Long
EC
CORP
GB
N
2
N
N
N
Volvo Aktiebolaget
549300HGV012CNC8JD22
Volvo AB, Class B
928856301
45262.00000000
NS
898157.43000000
0.185084635645
Long
EC
CORP
SE
N
2
N
N
N
Taikisha Ltd
3538005OOQOUE7DBWV52
Taikisha, Ltd.
N/A
3600.00000000
NS
98733.09000000
0.020346074505
Long
EC
CORP
JP
N
2
N
N
N
Kinden Corporation Kinkielectrical Construction Company Inc
N/A
Kinden Corporation
N/A
47900.00000000
NS
549008.17000000
0.113134929041
Long
EC
CORP
JP
N
2
N
N
N
Shell PLC
21380068P1DRHMJ8KU70
Shell plc
N/A
254958.00000000
NS
7484991.42000000
1.542443299477
Long
EC
CORP
GB
N
2
N
N
N
Evraz Plc London
5493005B7DAN39RXLK23
Evraz plc
N/A
41754.00000000
NS
5.15000000
0.000001061268
Long
EC
CORP
GB
N
3
N
N
N
Ministop Company Ltd
N/A
Ministop Company, Ltd.
N/A
7400.00000000
NS
80713.11000000
0.016632670461
Long
EC
CORP
JP
N
2
N
N
N
Mitsubishi Hc Capital Inc
353800MZ3QX9RLMH7B09
Mitsubishi HC Capital, Inc.
N/A
385600.00000000
NS
1968160.02000000
0.405581658655
Long
EC
CORP
JP
N
2
N
N
N
Nippon Telegraph & Telephone Corp
353800VHQU5VIXVUA841
Nippon Telegraph and Telephone Corporation
373540000
5200.00000000
NS
155924.73000000
0.032131640708
Long
EC
CORP
JP
N
2
N
N
N
Keyence Corp
529900M7PQBS7A89DZ11
Keyence Corporation
323620000
7700.00000000
NS
3544840.84000000
0.730490617098
Long
EC
CORP
JP
N
2
N
N
N
Marubeni Corp
4P4N3ORD02UGQT1T1W12
Marubeni Corporation
387760000
51900.00000000
NS
636739.59000000
0.131213873069
Long
EC
CORP
JP
N
2
N
N
N
Prysmian S.p.A.
529900X0H1IO3RS1A464
Prysmian SPA
N/A
4061.00000000
NS
165841.15000000
0.034175132106
Long
EC
CORP
IT
N
2
N
N
N
Jb Hi-Fi Limited
529900TPC8H040Y3ZQ65
JB Hi-Fi, Ltd.
N/A
28951.00000000
NS
995409.57000000
0.205125528585
Long
EC
CORP
AU
N
2
N
N
N
Heineken Holding Nv
724500M1WJLFM9TYBS04
Heineken Holding NV
N/A
592.00000000
NS
48878.82000000
0.010072531037
Long
EC
CORP
NL
N
2
N
N
N
Hsbc Holdings Plc
MLU0ZO3ML4LN2LL2TL39
HSBC Holdings plc
N/A
683021.00000000
NS
5032728.75000000
1.037101888692
Long
EC
CORP
GB
N
2
N
N
N
Nitori Holdings Company Ltd
N/A
Nitori Holdings Company, Ltd.
375610000
7400.00000000
NS
979432.82000000
0.201833175982
Long
EC
CORP
JP
N
2
N
N
N
J.P. Morgan
N/A
ICE mini MSCI EAFE Index
N/A
53.00000000
NC
USD
300759.23000000
0.061977901247
N/A
DE
CORP
US
N
1
J.P. Morgan
N/A
Long
MSCI EAFE Index
MXEA
2023-03-20
5314590.77000000
USD
300759.23000000
N
N
N
Yakult Honsha Company Ltd
353800YJPSPGG7KI0S71
Yakult Honsha Company, Ltd.
N/A
2100.00000000
NS
149914.64000000
0.030893132535
Long
EC
CORP
JP
N
2
N
N
N
Repsol S A
BSYCX13Y0NOTV14V9N85
Repsol SA
N/A
13642.00000000
NS
224094.04000000
0.046179391672
Long
EC
CORP
ES
N
2
N
N
N
Michael Page International Plc
213800JK5ZEQW4AB8G71
PageGroup plc
N/A
39939.00000000
NS
224841.26000000
0.046333372407
Long
EC
CORP
GB
N
2
N
N
N
Canadian Utils Ltd
LWV4QIQODEH3VBHUFX07
Canadian Utilities, Ltd.
136717956
8509.00000000
NS
236490.79000000
0.048734008358
Long
EC
CORP
CA
N
2
N
N
N
Swire Pacific Offshore Financing Ltd
549300KZOZHII0DGF611
Swire Pacific, Ltd.
001900016
52000.00000000
NS
476522.38000000
0.098197674631
Long
EC
CORP
HK
N
2
N
N
N
Takeda Pharmaceutical Company Ltd
549300ZLMVP4X0OGR454
Takeda Pharmaceutical Company, Ltd.
346300000
82100.00000000
NS
2581010.23000000
0.531872611705
Long
EC
CORP
JP
N
2
N
N
N
Ssab Svenskt Stal Ab
529900329VS14ZIML164
SSAB AB, Class B
000012066
41640.00000000
NS
283762.85000000
0.058475431976
Long
EC
CORP
SE
N
2
N
N
N
2023-02-24
Thrivent Core Funds
Sarah L. Bergstrom
Sarah L. Bergstrom
Treasurer and Principal Accounting Officer
XXXX
NPORT-EX
2
thrivent_RFD7.htm
1/31/2023 SCHEDULE OF INVESTMENTS
Emerging
Markets
Debt
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Long-Term
Fixed
Income
(
95.3%
)
Value
Angola
(2.9%)
Angola
Government
International
Bond
$
14,000,000
8.250%,
5/9/2028
$
13,237,000
2,000,000
8.000%,
11/26/2029
1,853,920
6,000,000
8.750%,
4/14/2032
a
5,542,020
2,000,000
9.125%,
11/26/2049
1,748,700
1,000,000
9.500%,
11/12/2025
1,042,460
Total
23,424,100
Argentina
(1.4%)
Argentina
Government
International
Bond
1,800,000
0.500%,
7/9/2030
b
641,755
15,700,000
1.500%,
7/9/2035
b
4,824,868
17,700,000
3.500%,
7/9/2041
b
6,022,050
Total
11,488,673
Azerbaijan
(0.9%)
Azerbaijan
Government
International
Bond
8,900,000
3.500%,
9/1/2032
7,714,627
Total
7,714,627
Bahrain
(2.4%)
Bahrain
Government
International
Bond
4,000,000
6.125%,
8/1/2023
a
3,998,720
1,000,000
7.000%,
10/12/2028
a
1,031,618
1,000,000
5.250%,
1/25/2033
882,200
3,000,000
5.625%,
5/18/2034
a
2,655,348
6,000,000
7.500%,
9/20/2047
a
5,570,400
1,000,000
7.500%,
9/20/2047
928,400
CBB
International
Sukuk
Programme
SPC
4,000,000
6.250%,
11/14/2024
4,049,280
Total
19,115,966
Brazil
(2.1%)
Brazil
Government
International
Bond
5,800,000
4.750%,
1/14/2050
4,254,728
3,000,000
2.875%,
6/6/2025
2,852,261
1,000,000
4.500%,
5/30/2029
c
947,289
7,000,000
3.875%,
6/12/2030
c
6,191,577
1,300,000
5.000%,
1/27/2045
1,016,635
2,000,000
5.625%,
2/21/2047
1,659,288
Total
16,921,778
Canada
(1.0%)
Canacol
Energy,
Ltd.
3,000,000
5.750%,
11/24/2028
a
2,654,960
Petronas
Energy
Canada,
Ltd.
6,000,000
2.112%,
3/23/2028
a,c
5,390,524
Total
8,045,484
Chile
(3.0%)
Chile
Government
International
Bond
1,700,000
3.100%,
1/22/2061
1,118,889
8,500,000
3.500%,
1/25/2050
6,392,410
1,200,000
3.125%,
1/21/2026
1,154,277
2,600,000
3.240%,
2/6/2028
2,464,020
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
Chile
(3.0%)
-
continued
$
11,850,000
2.550%,
7/27/2033
c
$
9,650,635
2,000,000
3.500%,
1/31/2034
c
1,768,272
2,000,000
4.340%,
3/7/2042
c
1,770,580
Total
24,319,083
Colombia
(3.3%)
Colombia
Government
International
Bond
2,000,000
2.625%,
3/15/2023
1,992,363
3,375,000
3.875%,
4/25/2027
3,052,967
786,000
3.125%,
4/15/2031
593,847
1,000,000
7.500%,
2/2/2034
d
988,206
2,500,000
7.375%,
9/18/2037
2,421,466
10,500,000
6.125%,
1/18/2041
8,623,982
3,000,000
4.125%,
2/22/2042
1,929,938
4,605,000
5.625%,
2/26/2044
3,503,064
2,000,000
5.000%,
6/15/2045
1,401,533
Ecopetrol
SA
2,000,000
8.875%,
1/13/2033
2,051,400
Total
26,558,766
Costa
Rica
(0.6%)
Costa
Rica
Government
International
Bond
4,900,000
7.000%,
4/4/2044
4,753,000
Total
4,753,000
Dominican
Republic
(3.7%)
Dominican
Republic
Government
International
Bond
500,000
7.050%,
2/3/2031
a
500,000
1,300,000
6.875%,
1/29/2026
a
1,337,666
1,000,000
5.950%,
1/25/2027
a
996,019
3,000,000
5.500%,
2/22/2029
a
2,822,004
4,500,000
4.875%,
9/23/2032
a
3,830,794
2,500,000
7.450%,
4/30/2044
a
2,433,526
4,900,000
6.850%,
1/27/2045
4,463,016
8,300,000
6.500%,
2/15/2048
a
7,158,024
8,000,000
6.400%,
6/5/2049
a
6,802,520
Total
30,343,569
Ecuador
(1.7%)
Ecuador
Government
International
Bond
6,500,000
5.500%,
7/31/2030
b
4,317,679
18,800,000
2.500%,
7/31/2035
b
9,148,568
Total
13,466,247
Egypt
(2.6%)
Egypt
Government
International
Bond
2,500,000
7.500%,
2/16/2061
a
1,619,200
2,000,000
8.875%,
5/29/2050
a
1,425,992
2,000,000
8.750%,
9/30/2051
a
1,415,600
500,000
8.150%,
11/20/2059
a
338,750
4,300,000
7.600%,
3/1/2029
3,547,810
3,500,000
7.053%,
1/15/2032
a
2,623,600
2,500,000
7.625%,
5/29/2032
1,901,960
3,000,000
8.500%,
1/31/2047
2,111,682
9,000,000
7.903%,
2/21/2048
5,973,840
Total
20,958,434
Emerging
Markets
Debt
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
El
Salvador
(0.5%)
El
Salvador
Government
International
Bond
$
3,300,000
8.625%,
2/28/2029
$
1,747,751
5,000,000
7.625%,
2/1/2041
2,350,162
Total
4,097,913
Gabon
(0.4%)
Gabon
Government
International
Bond
3,000,000
6.950%,
6/16/2025
2,907,360
Total
2,907,360
Ghana
(0.9%)
Ghana
Government
International
Bond
2,000,000
6.375%,
2/11/2027
e
756,800
3,000,000
7.750%,
4/7/2029
a,e
1,110,000
5,000,000
8.625%,
4/7/2034
a,e
1,837,500
5,000,000
7.875%,
2/11/2035
a,e
1,834,500
4,000,000
8.875%,
5/7/2042
e
1,440,000
Total
6,978,800
Guatemala
(1.7%)
Guatemala
Government
International
Bond
1,000,000
6.125%,
6/1/2050
a
970,279
4,590,000
4.500%,
5/3/2026
4,450,725
3,700,000
4.375%,
6/5/2027
3,537,185
4,000,000
5.375%,
4/24/2032
3,907,620
1,000,000
4.650%,
10/7/2041
a
831,412
Total
13,697,221
Honduras
(0.1%)
Honduras
Government
International
Bond
1,000,000
6.250%,
1/19/2027
881,198
Total
881,198
Hungary
(0.7%)
Hungary
Government
International
Bond
3,000,000
5.250%,
6/16/2029
a
2,952,000
3,000,000
6.250%,
9/22/2032
a
3,101,430
Total
6,053,430
Indonesia
(6.0%)
Indonesia
Government
International
Bond
964,000
3.375%,
4/15/2023
a
960,742
5,000,000
4.125%,
1/15/2025
4,954,931
6,100,000
4.750%,
1/8/2026
a
6,136,681
3,700,000
4.100%,
4/24/2028
3,626,452
3,000,000
4.850%,
1/11/2033
3,027,454
3,400,000
6.625%,
2/17/2037
a
3,901,500
2,000,000
7.750%,
1/17/2038
a
2,470,000
726,000
6.750%,
1/15/2044
a
845,965
4,000,000
5.125%,
1/15/2045
a
3,971,680
1,200,000
5.250%,
1/8/2047
a
1,203,172
1,500,000
4.350%,
1/11/2048
1,336,829
Pertamina
Persero
PT
1,500,000
6.450%,
5/30/2044
1,560,317
Perusahaan
Listrik
Negara
PT
1,000,000
4.375%,
2/5/2050
774,787
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
Indonesia
(6.0%)
-
continued
$
2,000,000
3.375%,
2/5/2030
$
1,756,360
6,400,000
5.250%,
10/24/2042
5,693,920
Perusahaan
Penerbit
SBSN
Indonesia
III
1,500,000
4.150%,
3/29/2027
a
1,485,870
1,500,000
4.400%,
6/6/2027
a
1,496,139
PT
Perusahaan
Gas
Negara
(Persero)
Tbk
PT
4,000,000
5.125%,
5/16/2024
3,979,970
Total
49,182,769
Italy
(0.1%)
Italy
Government
International
Bond
1,000,000
2.375%,
10/17/2024
946,884
Total
946,884
Ivory
Coast
(1.8%)
Ivory
Coast
Government
International
Bond
16,500,000
6.125%,
6/15/2033
14,629,296
Total
14,629,296
Jersey
(1.3%)
Galaxy
Pipeline
Assets
Bidco,
Ltd.
4,623,300
2.160%,
3/31/2034
3,989,197
6,500,000
2.625%,
3/31/2036
a
5,308,905
1,933,060
2.940%,
9/30/2040
a
1,579,053
Total
10,877,155
Jordan
(0.5%)
Jordan
Government
International
Bond
4,500,000
5.850%,
7/7/2030
4,142,097
Total
4,142,097
Kazakhstan
(0.8%)
Kazakhstan
Government
International
Bond
4,000,000
6.500%,
7/21/2045
4,238,928
KazMunayGas
National
Company
JSC
1,000,000
3.500%,
4/14/2033
757,548
1,700,000
5.750%,
4/19/2047
1,350,980
Total
6,347,456
Kenya
(0.4%)
Kenya
Government
International
Bond
2,000,000
6.875%,
6/24/2024
1,877,600
1,500,000
8.000%,
5/22/2032
1,303,230
Total
3,180,830
Lebanon
(0.1%)
Lebanon
Government
International
Bond
10,000,000
6.650%,
4/22/2024
e
637,500
3,000,000
6.600%,
11/27/2026
e
187,500
5,000,000
6.850%,
3/23/2027
e
312,500
Total
1,137,500
Emerging
Markets
Debt
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
Luxembourg
(0.3%)
EIG
Pearl
Holdings
SARL
$
2,500,000
3.545%,
8/31/2036
a
$
2,171,300
Total
2,171,300
Malaysia
(1.1%)
Petronas
Capital,
Ltd.
3,500,000
4.550%,
4/21/2050
3,273,051
6,400,000
3.500%,
4/21/2030
5,984,384
Total
9,257,435
Mexico
(7.0%)
America
Movil
SAB
de
CV
3,000,000
5.375%,
4/4/2032
a
2,797,500
Comision
Federal
de
Electricidad
2,000,000
3.875%,
7/26/2033
a
1,580,274
Mexico
Government
International
Bond
4,460,000
4.500%,
1/31/2050
3,599,654
2,000,000
4.400%,
2/12/2052
1,560,064
1,781,000
4.150%,
3/28/2027
1,759,762
885,000
3.750%,
1/11/2028
847,317
2,000,000
5.400%,
2/9/2028
2,053,449
2,000,000
3.500%,
2/12/2034
1,680,723
5,800,000
6.050%,
1/11/2040
5,900,018
2,000,000
4.600%,
2/10/2048
1,642,700
Petroleos
Mexicanos
14,300,000
7.690%,
1/23/2050
10,676,397
3,000,000
8.750%,
6/2/2029
2,921,614
900,000
6.840%,
1/23/2030
783,020
8,200,000
5.950%,
1/28/2031
6,564,457
3,415,000
6.700%,
2/16/2032
2,834,674
9,100,000
6.625%,
6/15/2035
7,143,862
Total
Play
Telecomunicaciones
SA
de
CV
3,024,000
7.500%,
11/12/2025
a
2,820,485
Total
57,165,970
Mongolia
(0.2%)
Mongolia
Government
International
Bond
1,700,000
5.125%,
4/7/2026
1,585,250
Total
1,585,250
Morocco
(0.1%)
OCP
SA
1,500,000
5.125%,
6/23/2051
1,178,430
Total
1,178,430
Mozambique
(0.8%)
Mozambique
Government
International
Bond
8,383,000
5.000%,
9/15/2031
b
6,677,227
Total
6,677,227
Netherlands
(0.9%)
AES
Andres
BV
3,000,000
5.700%,
5/4/2028
a
2,641,466
IHS
Netherlands
Holdco
BV
3,000,000
8.000%,
9/18/2027
a
2,703,900
Majapahit
Holding
BV
2,000,000
7.875%,
6/29/2037
2,299,983
Total
7,645,349
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
Nigeria
(1.6%)
Nigeria
Government
International
Bond
$
12,100,000
7.875%,
2/16/2032
$
9,105,250
1,000,000
7.375%,
9/28/2033
a
712,500
5,000,000
7.696%,
2/23/2038
3,462,500
Total
13,280,250
Oman
(3.6%)
Oman
Government
International
Bond
4,000,000
4.875%,
2/1/2025
3,954,760
5,000,000
4.750%,
6/15/2026
a
4,903,150
4,000,000
5.625%,
1/17/2028
a
4,024,400
6,500,000
7.375%,
10/28/2032
a
7,245,108
9,500,000
6.750%,
1/17/2048
a
9,360,065
Total
29,487,483
Pakistan
(0.5%)
Pakistan
Government
International
Bond
2,000,000
6.000%,
4/8/2026
a
860,000
4,500,000
6.875%,
12/5/2027
1,890,000
3,000,000
7.375%,
4/8/2031
a
1,247,400
Total
3,997,400
Panama
(2.5%)
Aeropuerto
Internacional
de
Tocumen
SA
2,000,000
4.000%,
8/11/2041
a
1,660,246
Panama
Bonos
del
Tesoro
8,000,000
3.362%,
6/30/2031
6,685,120
Panama
Government
International
Bond
4,800,000
4.500%,
4/16/2050
3,756,257
3,000,000
3.750%,
3/16/2025
2,910,427
5,079,000
6.700%,
1/26/2036
5,482,807
Total
20,494,857
Paraguay
(1.3%)
Paraguay
Government
International
Bond
6,300,000
5.400%,
3/30/2050
5,614,158
3,500,000
4.700%,
3/27/2027
3,450,581
2,000,000
5.600%,
3/13/2048
1,808,762
Total
10,873,501
Peru
(2.9%)
Fondo
Mivivienda
SA
3,000,000
4.625%,
4/12/2027
a,c
2,912,663
Peru
Government
International
Bond
11,000,000
2.783%,
1/23/2031
9,310,751
2,100,000
8.750%,
11/21/2033
2,607,155
2,000,000
3.000%,
1/15/2034
1,623,419
6,000,000
3.300%,
3/11/2041
4,511,707
Petroleos
del
Peru
SA
4,500,000
5.625%,
6/19/2047
a
3,002,130
Total
23,967,825
Philippines
(1.9%)
Philippines
Government
International
Bond
3,000,000
4.200%,
1/21/2024
2,974,499
Emerging
Markets
Debt
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
Philippines
(1.9%)
-
continued
$
3,000,000
3.750%,
1/14/2029
$
2,880,000
5,025,000
7.750%,
1/14/2031
6,035,897
1,625,000
6.375%,
10/23/2034
1,844,375
2,420,000
3.950%,
1/20/2040
2,117,947
Total
15,852,718
Qatar
(3.7%)
Qatar
Government
International
Bond
4,800,000
4.400%,
4/16/2050
a
4,531,824
3,000,000
3.875%,
4/23/2023
a
2,989,356
6,000,000
3.375%,
3/14/2024
a
5,900,040
3,000,000
3.250%,
6/2/2026
a
2,917,104
1,000,000
3.750%,
4/16/2030
a
980,004
2,000,000
5.750%,
1/20/2042
a
2,242,500
8,000,000
4.817%,
3/14/2049
a
7,980,000
QatarEnergy
3,000,000
3.125%,
7/12/2041
a
2,374,170
Total
29,914,998
Romania
(2.2%)
Romania
Government
International
Bond
3,100,000
4.000%,
2/14/2051
2,168,890
6,000,000
5.250%,
11/25/2027
a,c
5,896,800
1,000,000
6.625%,
2/17/2028
a
1,035,500
5,000,000
3.000%,
2/14/2031
4,110,350
3,500,000
3.625%,
3/27/2032
a
2,941,645
2,000,000
7.125%,
1/17/2033
a
2,110,000
Total
18,263,185
Saudi
Arabia
(4.7%)
Saudi
Arabia
Government
International
Bond
10,600,000
3.750%,
1/21/2055
8,389,052
3,000,000
2.875%,
3/4/2023
a
2,991,150
6,300,000
3.250%,
10/26/2026
a
6,055,799
4,000,000
3.625%,
3/4/2028
a
3,868,800
2,300,000
4.375%,
4/16/2029
a
2,300,414
1,000,000
5.500%,
10/25/2032
a
1,071,300
7,000,000
2.250%,
2/2/2033
a
5,725,720
2,500,000
4.875%,
7/18/2033
a
2,543,750
1,500,000
4.500%,
10/26/2046
1,342,254
Saudi
Arabian
Oil
Company
4,500,000
2.250%,
11/24/2030
a
3,809,826
Total
38,098,065
Senegal
(0.9%)
Senegal
Government
International
Bond
4,500,000
6.250%,
7/30/2024
4,415,085
3,700,000
6.250%,
5/23/2033
3,190,880
Total
7,605,965
Serbia
And
Montenegr
(0.3%)
Serbia
Government
International
Bond
1,000,000
6.250%,
5/26/2028
a
1,015,000
1,000,000
6.500%,
9/26/2033
a
1,001,900
Total
2,016,900
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
South
Africa
(2.8%)
Eskom
Holdings
SOC,
Ltd.
$
2,000,000
6.750%,
8/6/2023
$
1,964,840
1,000,000
7.125%,
2/11/2025
957,600
6,000,000
6.350%,
8/10/2028
a
5,728,440
2,000,000
8.450%,
8/10/2028
1,916,468
South
Africa
Government
International
Bond
2,000,000
4.665%,
1/17/2024
1,972,960
1,000,000
5.875%,
4/20/2032
927,500
3,500,000
6.250%,
3/8/2041
3,085,138
2,000,000
5.375%,
7/24/2044
1,552,500
6,100,000
5.650%,
9/27/2047
4,652,043
Total
22,757,489
Sri
Lanka
(0.5%)
Sri
Lanka
Government
International
Bond
4,000,000
6.825%,
7/18/2026
e
1,377,263
5,000,000
6.200%,
5/11/2027
e
1,694,612
1,000,000
6.750%,
4/18/2028
e
338,650
2,000,000
7.550%,
3/28/2030
e
677,385
Total
4,087,910
Trinidad
and
Tobago
(0.9%)
Heritage
Petroleum
Company,
Ltd.
2,000,000
9.000%,
8/12/2029
a
2,090,200
Telecommunications
Services
of
Trinidad
and
Tobago,
Ltd.
5,500,000
8.875%,
10/18/2029
a
4,829,000
Total
6,919,200
Turkey
(3.1%)
Turkey
Government
International
Bond
2,000,000
5.750%,
3/22/2024
c
1,961,160
4,000,000
6.375%,
10/14/2025
3,803,240
4,000,000
9.875%,
1/15/2028
4,100,000
1,000,000
6.125%,
10/24/2028
878,696
2,000,000
9.375%,
1/19/2033
1,958,608
3,500,000
6.500%,
9/20/2033
2,857,750
2,639,000
6.875%,
3/17/2036
2,170,578
4,435,000
6.750%,
5/30/2040
3,500,137
2,000,000
6.000%,
1/14/2041
1,434,760
1,800,000
5.750%,
5/11/2047
1,201,057
Turkiye
Ihracat
Kredi
Bankasi
AS
1,500,000
9.375%,
1/31/2026
a
1,497,900
Total
25,363,886
Ukraine
(0.5%)
State
Agency
of
Roads
of
Ukraine
3,000,000
6.250%,
6/24/2028
a,e
536,040
Ukraine
Government
International
Bond
2,000,000
7.750%,
9/1/2026
e
436,640
3,000,000
7.750%,
9/1/2028
e
654,084
1,900,000
9.750%,
11/1/2030
e
409,982
2,000,000
6.876%,
5/21/2031
e
397,252
7,500,000
7.375%,
9/25/2034
e
1,483,020
Total
3,917,018
Emerging
Markets
Debt
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Long-Term
Fixed
Income
(95.3%)
Value
United
Arab
Emirates
(3.0%)
Abu
Dhabi
Government
International
Bond
$
2,500,000
3.875%,
4/16/2050
a
$
2,144,140
3,000,000
3.000%,
9/15/2051
a
2,197,500
3,000,000
3.125%,
5/3/2026
a
2,908,284
8,500,000
2.500%,
9/30/2029
a
7,712,985
Finance
Department
Government
of
Sharjah
6,000,000
4.000%,
7/28/2050
a
3,943,800
MDGH
GMTN
RSC,
Ltd.
2,000,000
5.500%,
4/28/2033
a
2,136,112
UAE
International
Government
Bond
3,000,000
4.050%,
7/7/2032
a
2,971,416
Total
24,014,237
United
Kingdom
(0.1%)
NAK
Naftogaz
Ukraine
4,000,000
7.625%,
11/8/2026
a
800,600
Total
800,600
Uruguay
(2.1%)
Uruguay
Government
International
Bond
3,000,000
4.975%,
4/20/2055
2,969,399
2,000,000
5.100%,
6/18/2050
2,017,840
11,840,312
4.375%,
1/23/2031
c
11,805,347
Total
16,792,586
Uzbekistan
(0.7%)
Uzbekistan
Government
International
Bond
5,000,000
3.900%,
10/19/2031
a
4,097,620
Uzbekneftegaz
JSC
2,000,000
4.750%,
11/16/2028
a
1,677,600
Total
5,775,220
Vietnam
(1.0%)
Vietnam
Government
International
Bond
7,900,000
4.800%,
11/19/2024
7,781,500
Total
7,781,500
Virgin
Islands,
British
(3.2%)
Sinopec
Group
Overseas
Development
2017,
Ltd.
5,000,000
3.625%,
4/12/2027
4,854,150
Sinopec
Group
Overseas
Development
2018,
Ltd.
7,700,000
2.300%,
1/8/2031
6,653,621
State
Grid
Overseas
Investment
2016,
Ltd.
12,500,000
2.875%,
5/18/2026
11,764,172
3,000,000
3.500%,
5/4/2027
2,911,426
Total
26,183,369
Total
Long-Term
Fixed
Income
(cost
$917,729,435)
776,096,759
Shares
Collateral
Held
for
Securities
Loaned
(
0.8%
)
Value
6,336,638
Thrivent
Cash
Management
Trust
$
6,336,638
Total
Collateral
Held
for
Securities
Loaned
(cost
$6,336,638)
6,336,638
Shares
Registered
Investment
Companies
(
0.5%
)
Value
Unaffiliated (0.5%)
49,000
iShares
J.P.
Morgan
USD
Emerging
Markets
Bond
ETF
4,307,590
Total
4,307,590
Total
Registered
Investment
Companies
(cost
$4,346,333)
4,307,590
Shares
Short-Term
Investments
(
3.1%
)
Thrivent
Core
Short-Term
Reserve
Fund
2,550,522
4.830%
25,505,224
Total
Short-Term
Investments
(cost
$25,505,225)
25,505,224
Total
Investments
(cost
$953,917,631)
99.7%
$812,246,211
Other
Assets
and
Liabilities,
Net
0.3%
2,124,389
Total
Net
Assets
100.0%
$814,370,600
a
Denotes
securities
sold
under
Rule
144A
of
the
Securities
Act
of
1933,
which
exempts
them
from
registration.
These
securities
may
be
resold
to
other
dealers
in
the
program
or
to
other
qualified
institutional
buyers.
As
of
January
31,
2023,
the
value
of
these
investments
was
$270,340,939
or
33.2%
of
total
net
assets.
b
Denotes
step
coupon
securities.
Step
coupon
securities
pay
an
initial
coupon
rate
for
the
first
period
and
then
different
coupon
rates
for
following
periods.
The
rate
shown
is
as
of
January
31,
2023.
c
All
or
a
portion
of
the
security
is
on
loan.
d
Denotes
investments
purchased
on
a
when-issued
or
delayed-delivery
basis.
e
Defaulted
security. Interest
is
not
being
accrued.
The
following
table
presents
the
total
amount
of
securities
loaned
with
continuous
maturity,
by
type,
offset
by
the
gross
payable
upon
return
of
collateral
for
securities
loaned
by
Thrivent
Core
Emerging
Markets
Debt
Fund
as
of
January
31,
2023:
Securities
Lending
Transactions
Long-Term
Fixed
Income
$
6,108,878
Total
lending
$6,108,878
Gross
amount
payable
upon
return
of
collateral
for
securities
loaned
$6,336,638
Net
amounts
due
to
counterparty
$227,760
Definitions:
ETF
-
Exchange
Traded
Fund
Emerging
Markets
Debt
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Fair
Valuation
Measurements
The
following
table
is
a
summary
of
the
inputs
used,
as
of
January
31,
2023,
in
valuing
Emerging
Markets
Debt
Fund's
assets
carried
at
fair
value.
Investments
in
Securities
Total
Level
1
Level
2
Level
3
Long-Term
Fixed
Income
Communications
Services
13,150,885
–
13,150,885
–
Energy
75,144,086
–
75,144,086
–
Financials
5,933,995
–
5,933,995
–
Foreign
Government
658,773,666
–
658,773,666
–
Transportation
1,660,246
–
1,660,246
–
Utilities
21,433,881
–
21,433,881
–
Registered
Investment
Companies
Unaffiliated
4,307,590
4,307,590
–
–
Subtotal
Investments
in
Securities
$780,404,349
$
4,307,590
$776,096,759
$–
Other
Investments *
Total
Affiliated
Short-Term
Investments
25,505,224
Collateral
Held
for
Securities
Loaned
6,336,638
Subtotal
Other
Investments
$31,841,862
Total
Investments
at
Value
$812,246,211
*
Certain
investments
are
measured
at
fair
value
using
a
net
asset
value
per
share
that
is
not
publicly
available
(practical
expedient). According
to
disclosure
requirements
of
Accounting
Standards
Codification
(ASC)
820,
Fair
Value
Measurement,
securities
valued
using
the
practical
expedient
are
not
classified
in
the
fair
value
hierarchy. The
fair
value
amounts
presented
in
this
table
are
intended
to
permit
reconciliation
of
the
fair
value
hierarchy
to
the
amounts
presented
in
the
Statement
of
Assets
and
Liabilities.
Investment
in
Affiliates
Affiliated
issuers,
as
defined
under
the
Investment
Company
Act
of
1940,
include
those
in
which
the
Fund's
holdings
of
an
issuer
represent
5%
or
more
of
the
outstanding
voting
securities
of
an
issuer,
any
affiliated
mutual
fund,
or
a
company
which
is
under
common
ownership
or
control
with
the
Fund.
The
Fund
owns
shares
of
Thrivent
Cash
Management
Trust
for
the
purpose
of
securities
lending
and
Thrivent
Core
Short-Term
Reserve
Fund,
a
series
of
Thrivent
Core
Funds,
primarily
to
serve
as
a
cash
sweep
vehicle
for
the
Fund.
Thrivent
Cash
Management
Trust
and
Thrivent
Core
Funds
are
established
solely
for
investment
by
Thrivent
entities.
A
summary
of
transactions
(in
thousands;
values
shown
as
zero
are
less
than
$500)
for
the
fiscal
year
to
date,
in
Emerging
Markets
Debt
Fund,
is
as
follows:
Fund
Value
10/31/2022
Gross
Purchases
Gross
Sales
Value
1/31/2023
Shares
Held
at
1/31/2023
%
of
Net
Assets
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$19,291
$53,007
$
46,793
$25,505
2,551
3.1%
Total
Affiliated
Short-Term
Investments
19,291
25,505
3.1
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
13,503
39,720
46,886
6,337
6,337
0.8
Total
Collateral
Held
for
Securities
Loaned
13,503
6,337
0.8
Total
Value
$32,794
$31,842
Portfolio
Net
Realized
Gain/(Loss)
Change
in
Unrealized
Appreciation/
(Depreciation)
Distributions
of
Realized
Capital
Gains
Income
Earned
11/1/2022
-
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$–
$–
$
–
$221
Total
Income/Non
Income
Cash
from
Affiliated
Investments
$221
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
–
–
–
26
Total
Affiliated
Income
from
Securities
Loaned,
Net
$26
Total
Value
$–
$–
$
–
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(
98.3%
)
Value
Bermuda
(0.1%)
506,000
Alibaba
Health
Information
Technology,
Ltd.
a
$
451,916
179,000
Road
King
Infrastructure,
Ltd.
88,967
812,200
Shanghai
Industrial
Urban
Development
Group,
Ltd.
62,205
192,000
Yuexiu
Transport
Infrastructure,
Ltd.
113,617
Total
716,705
Brazil
(6.0%)
6,500
Alupar
Investimento
SA
36,583
140,600
Ambev
SA
378,900
267,000
B3
SA
-
Brasil
Bolsa
Balcao
682,188
118,878
Banco
Bradesco
SA
ADR
331,670
252,700
Banco
BTG
Pactual
SA
1,075,255
21,700
Banco
do
Brasil
SA
174,539
312,000
BB
Seguridade
Participacoes
SA
2,327,569
276,092
Centrais
Eletricas
Brasileiras
SA
ADR
2,222,541
107,742
Cia
de
Saneamento
Basico
do
Estado
de
Sao
Paulo
ADR
1,186,239
17,011
Cia
Paranaense
de
Energia
ADR
127,412
283,274
Companhia
Siderurgica
Nacional
SA
ADR
b
1,042,448
265,500
ENGIE
Brasil
Energia
SA
2,066,970
247,433
Gerdau
SA
ADR
1,608,315
574,400
Hapvida
Participacoes
e
Investimentos
SA
a,c
587,266
215,900
Hypera
SA
1,985,771
195,589
Itau
Unibanco
Holding
SA
ADR
974,033
66,500
Localiza
Rent
a
Car
SA
775,787
436,800
Petroleo
Brasileiro
SA
2,252,709
240,757
Petroleo
Brasileiro
SA
ADR
2,792,781
186,400
Telefonica
Brasil
SA
1,530,108
112,037
Telefonica
Brasil
SA
ADR
b
910,861
265,025
Vale
SA
ADR
4,950,667
Total
30,020,612
Cayman
Islands
(15.6%)
68,800
ANTA
Sports
Products,
Ltd.
1,043,601
30,987
Baidu.com,
Inc.
ADR
a
4,173,329
461,300
Chailease
Holding
Company,
Ltd.
3,476,421
945,500
China
Hongqiao
Group,
Ltd.
1,099,734
375,000
China
Overseas
Property
Holdings,
Ltd.
490,511
172,000
China
Resources
Land,
Ltd.
824,320
47,030
China
Resources
Microelectronics,
Ltd.
383,680
126,000
China
Yuhua
Education
Corporation,
Ltd.
*,a,d
17,653
433,600
Chow
Tai
Fook
Jewellery
Group,
Ltd.
928,191
666,000
Consun
Pharmaceutical
Group,
Ltd.
351,412
36,000
Country
Garden
Services
Holdings
Company,
Ltd.
97,325
12,246
Daqo
New
Energy
Corporation
ADR
a
557,315
716,000
Geely
Automobile
Holdings,
Ltd.
1,161,567
121,000
Greentown
China
Holdings,
Ltd.
178,399
582,000
Greentown
Service
Group
Company,
Ltd.
424,893
190,000
Haidilao
International
Holding,
Ltd.
a,c
518,076
23,267
Hello
Group,
Inc.
ADR
238,487
15,804
Huazhu
Group,
Ltd.
ADR
750,374
Shares
Common
Stock
(98.3%)
Value
Cayman
Islands
(15.6%)
-
continued
61,465
iQIYI,
Inc.
ADR
a
$
411,816
13,650
JD
Health
International,
Inc.
a,c
113,354
159,898
JD.com,
Inc.
4,747,912
5,747
JOYY,
Inc.
ADR
205,053
64,402
KE
Holdings,
Inc.
ADR
a
1,181,133
102,500
Kuaishou
Technology
a,c
901,879
41,800
Li
Auto,
Inc
a
511,475
94,500
Li
Ning
Company,
Ltd.
934,195
229,500
Longfor
Group
Holdings,
Ltd.
c
758,294
294,500
Meituan
a,c
6,583,806
45,920
Meituan,
Bonus
Shares
a,d
975,253
91,500
NetDragon
Websoft
Holdings,
Ltd.
212,539
33,763
NetEase,
Inc.
ADR
2,991,739
130,004
NIO,
Inc.
ADR
a
1,569,148
45,032
Pinduoduo,
Inc.
ADR
a
4,412,235
4,912,000
Shui
On
Land,
Ltd.
665,290
6,000
Silergy
Corporation
122,097
78,500
Sunny
Optical
Technology
(Group)
Company,
Ltd.
1,059,525
19,000
Super
Hi
International
Holding,
Ltd.
a
36,395
462,300
Tencent
Holdings,
Ltd.
22,527,379
200,995
Tencent
Music
Entertainment
Group
ADR
a
1,686,348
41,028
Trip.com
Group,
Ltd.
ADR
a
1,508,189
99,000
Want
Want
China
Holdings,
Ltd.
64,479
298,000
WuXi
Biologics
(Cayman),
Inc.
a,c
2,488,422
692,400
Xiaomi
Corporation
a,c
1,145,402
144,000
Xinyi
Solar
Holdings,
Ltd.
187,339
198,000
Yadea
Group
Holdings,
Ltd.
c
451,412
488,000
Zhen
Ding
Technology
Holding,
Ltd.
1,802,006
58,500
Zhongsheng
Group
Holdings,
Ltd.
331,004
Total
77,300,406
Chile
(0.7%)
13,592
Banco
de
Credito
e
Inversiones
SA
409,729
218,911
Cencosud
SA
393,193
4,473,946
Colbun
SA
520,641
125,416
Embotelladora
Andina
SA
311,116
64,304
Empresas
CMPC
SA
110,572
72,401
Empresas
Copec
SA
546,085
173,616
S.A.C.I.
Falabella
403,632
6,451
Sociedad
Quimica
y
Minera
de
Chile
SA
ADR
629,230
Total
3,324,198
China
(17.7%)
14,704
3peak,
Inc.
633,306
4,311,100
Agricultural
Bank
of
China,
Ltd.
1,858,065
126,600
Aier
Eye
Hospital
Group
Company,
Ltd.
618,342
135,938
Alibaba
Group
Holding,
Ltd.
ADR
a
14,980,368
68,602
Amlogic
(Shanghai)
Company,
Ltd.
a
790,575
1,823
Autohome,
Inc.
ADR
63,550
6,773,200
Bank
of
China,
Ltd.,
Class
A
3,230,677
8,807,000
Bank
of
China,
Ltd.,
Class
H
3,352,515
3,022,700
Bank
of
Communications
Company,
Ltd.
2,172,277
2,759,613
Baoshan
Iron
&
Steel
Company,
Ltd.
2,529,551
132,000
Beijing
North
Star
Company,
Ltd.
15,650
46,800
Beijing
Tongrentang
Company,
Ltd.
327,363
25,067
Bloomage
Biotechnology
Corporation,
Ltd.
463,790
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(98.3%)
Value
China
(17.7%)
-
continued
15,682
BYD
Company,
Ltd.,
Class
A
$
669,854
101,500
BYD
Company,
Ltd.,
Class
H
3,214,257
4,935,000
CGN
Power
Company,
Ltd.
c
1,153,108
1,162
Changzhou
Xingyu
Automotive
Lighting
Systems
23,346
4,237,000
China
Cinda
Asset
Management
Company,
Ltd.
601,563
208,000
China
Coal
Energy
Company,
Ltd.
166,915
745,000
China
Construction
Bank
Corporation
482,232
1,441,500
China
Galaxy
Securities
Company,
Ltd.
777,046
5,200
China
International
Travel
Service
Corporation,
Ltd.
164,651
310,920
China
Life
Insurance
Company,
Ltd.
572,333
165,000
China
Merchants
Bank
Company,
Ltd.,
Class
H
1,070,211
535,100
China
Merchants
Securities
Company,
Ltd.
1,134,787
610,600
China
Merchants
Shekou
Industrial
Zone
Holdings
Company,
Ltd.
1,344,866
57,300
China
National
Nuclear
Power
Company,
Ltd.
51,349
1,103,000
China
Petroleum
&
Chemical
Corporation
595,587
90,500
China
Railway
Group,
Ltd.
76,524
3,149,000
China
Railway
Group,
Ltd.
1,717,887
462,500
China
Shenhua
Energy
Company,
Ltd.,
Class
H
1,439,587
328,500
China
State
Construction
Engineering
Corporation,
Ltd.
269,962
22,000
China
Tourism
Group
Duty
Free
Corporation,
Ltd.
a,c
674,092
130,800
China
Vanke
Company,
Ltd.
Class
A
354,716
53,700
China
Vanke
Company,
Ltd.,
Class
H
108,555
341,408
China
Yangtze
Power
Company,
Ltd.
1,051,537
256,900
CITIC
Securities
Company,
Ltd.,
Class
A
817,698
1,927,300
Daqin
Railway
Company,
Ltd.
1,913,478
115,432
Fuyao
Glass
Industry
Group
Company,
Ltd.,
Class
A
668,945
390,400
Fuyao
Glass
Industry
Group
Company,
Ltd.,
Class
H
c
1,921,376
81,300
Gemdale
Corporation
119,072
381,000
GF
Securities
Company,
Ltd.,
Class
H
623,914
97,900
Great
Wall
Motor
Company,
Ltd.,
Class
A
451,336
562,500
Great
Wall
Motor
Company,
Ltd.,
Class
H
794,223
1,922,360
Greenland
Holdings
Corporation,
Ltd.
a
892,833
184,000
Guangzhou
Automobile
Group
Company,
Ltd.
132,375
324,533
Guangzhou
Baiyunshan
Pharmaceutical
Holdings,
Ltd.
1,456,925
113,200
Guangzhou
Shiyuan
Electronic
Technology
Company
Ltd.
1,058,091
202,000
Guotai
Junan
Securities
Company,
Ltd.
427,947
123,600
Haier
Smart
Home
Company,
Ltd.,
Class
H
455,852
Shares
Common
Stock
(98.3%)
Value
China
(17.7%)
-
continued
292,800
Haitong
Securities
Company,
Ltd.,
Class
H
$
201,981
7,900
Hangzhou
Lion
Electronics
Company,
Ltd.
54,713
157,358
Hundsun
Technologies,
Inc.
1,103,379
7,400
Industrial
and
Commercial
Bank
of
China,
Ltd.,
Class
A
4,736
1,111,000
Industrial
and
Commercial
Bank
of
China,
Ltd.,
Class
H
594,295
8,000
Jiangsu
Hengrui
Medicine
Company,
Ltd.
50,114
10,200
Jiangsu
Yangnong
Chemical
Company,
Ltd.
167,033
208,000
Jiangxi
Copper
Company,
Ltd.
358,187
2,201,200
Jinke
Property
Group
Company,
Ltd.
a
646,627
12,100
Kweichow
Moutai
Company,
Ltd.
3,317,459
196,860
LONGi
Green
Energy
Technology
Company,
Ltd.
1,411,179
144,270
Luxshare
Precision
Industry
Company,
Ltd.
698,664
80,800
Nongfu
Spring
Company,
Ltd.
c
457,393
27,900
Ovctek
China,
Inc.
153,562
2,874,000
People's
Insurance
Company
(Group)
of
China,
Ltd.
968,897
383,500
Ping
An
Insurance
(Group)
Company
of
China,
Ltd.,
Class
H
2,978,914
98,800
Poly
Developments
and
Holdings
Group
Company,
Ltd.
230,224
9,200
Proya
Cosmetics
Company,
Ltd.
225,142
176,900
Rongsheng
Petrochemical
Company,
Ltd.
347,754
34,300
Seazen
Holdings
Company,
Ltd.
a
108,475
159,030
Shanghai
Baosight
Software
Company,
Ltd.
1,179,949
47,648
Shanghai
Lujiazui
Finance
&
Trade
Zone
Development
Company,
Ltd.
71,776
19,000
Shanghai
Pharmaceuticals
Holding
Company,
Ltd.
52,623
786,098
Shanghai
Yuyuan
Tourist
Mart
(Group)
Company,
Ltd.
922,126
1,999,500
Shenwan
Hongyuan
Group
Company,
Ltd.
1,231,296
45,300
Shenzhen
Inovance
Technology
Company,
Ltd.
479,335
12,000
Shenzhen
Mindray
Bio-Medical
Electronics
Company,
Ltd.
593,283
1,238,700
Shenzhen
Overseas
Chinese
Town
Company,
Ltd.
987,113
15,600
Shenzhen
S.C
New
Energy
Technology
Corporation
285,775
69,300
Shenzhou
International
Group
Holdings,
Ltd.
872,738
27,300
Sichuan
Kelun
Pharmaceutical
Company,
Ltd.
110,009
562,000
Tong
Ren
Tang
Technologies
Company,
Ltd.
423,042
92,000
Tsingtao
Brewery
Company,
Ltd.
888,245
81,358
Vipshop
Holdings,
Ltd.
ADR
a
1,258,608
122,900
Wanhua
Chemical
Group
Company,
Ltd.
1,763,239
104,700
Wens
Foodstuff
Group
Company,
Ltd.
312,762
94,500
Wuhan
Guide
Infrared
Company,
Ltd.
165,217
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(98.3%)
Value
China
(17.7%)
-
continued
20,100
Xiamen
Faratronic
Company,
Ltd.
$
535,177
699,000
Zhejiang
Century
Huatong
Group
Company,
Ltd.
a
412,062
36,320
Zhejiang
Jingsheng
Electrical
Company,
Ltd.
371,486
111,960
Zhejiang
NHU
Company,
Ltd.
323,408
55,700
Zoomlion
Heavy
Industry
Science
and
Technology
Company,
Ltd.,
Class
A
48,076
Total
87,851,132
Colombia
(<0.1%)
8,687
Bancolombia
SA
77,883
Total
77,883
Cyprus
(<0.1%)
71,245
Ros
Agro
plc
GDR
a,d
0
Total
0
Czech
Republic
(0.4%)
16,286
CEZ
AS
661,241
32,312
Komercni
Banka
AS
1,090,576
285
Philip
Morris
CR
218,843
Total
1,970,660
Egypt
(0.2%)
574,828
Commercial
International
Bank
Egypt
SAE
GDR
932,236
Total
932,236
Greece
(0.4%)
62,275
Eurobank
Ergasias
Services
and
Holdings
SA
a
84,499
6,247
GEK
Terna
Holding
Real
Estate
Construction
SA
84,839
27,233
Hellenic
Telecommnications
Organization
SA
429,306
14,435
JUMBO
SA
259,218
1,404
Motor
Oil
(Hellas)
Diilistiria
Korinthou
AE
34,311
29,996
Mytilineos
SA
775,995
72,243
National
Bank
of
Greece
SA
a
343,490
Total
2,011,658
Hong
Kong
(0.5%)
266,000
China
Merchants
Holdings
International
Company,
Ltd.
372,885
61,500
China
Overseas
Land
&
Investment,
Ltd.
166,067
100,000
China
Resources
Beer
(Holdings)
Company,
Ltd.
752,828
891,440
CSPC
Pharmaceutical
Group,
Ltd.
1,016,423
Total
2,308,203
Hungary
(0.1%)
15,249
OTP
Bank
Nyrt
459,475
4,849
Richter
Gedeon
Nyrt
109,497
Total
568,972
India
(14.5%)
9,824
ABB
India,
Ltd.
341,885
292,916
Adani
Ports
and
Special
Economic
Zone,
Ltd.
2,200,207
3,689
Affle
India,
Ltd.
a
50,163
Shares
Common
Stock
(98.3%)
Value
India
(14.5%)
-
continued
157,714
Asian
Paints,
Ltd.
$
5,266,773
24,519
Bajaj
Finance,
Ltd.
1,772,440
83,730
Bajaj
Finserv,
Ltd.
1,380,625
38,835
Britannia
Industries,
Ltd.
2,052,447
332,341
Cipla,
Ltd.
4,142,880
378,742
Coal
India,
Ltd.
1,045,454
48,415
Coromandel
International,
Ltd.
530,855
6,116
CRISIL,
Ltd.
235,603
28,952
Cummins
India,
Ltd.
509,617
8,169
Dabur
India,
Ltd.
55,778
12,387
Dr.
Reddy's
Laboratories,
Ltd.
ADR
666,421
128,627
HCL
Technologies,
Ltd.
1,773,715
12,103
Hindustan
Unilever,
Ltd.
381,854
124,670
ICICI
Bank,
Ltd.
ADR
2,596,876
451,189
Infosys,
Ltd.
ADR
8,482,353
325,465
ITC,
Ltd.
1,404,584
91,430
Kotak
Mahindra
Bank,
Ltd.
1,941,177
65,094
Larsen
&
Toubro,
Ltd.
1,694,553
35,977
LTIMindtree,
Ltd.
c
1,933,608
2,464
Maruti
Suzuki
India,
Ltd.
268,605
1,794
Mphasis,
Ltd.
45,777
159,789
NTPC,
Ltd.
334,673
3,845
Page
Industries,
Ltd.
1,884,491
17,174
Persistent
Systems,
Ltd.
990,727
3,166
Phoenix
Mills,
Ltd.
53,078
67,639
PI
Industries,
Ltd.
2,483,899
60,878
Pidilite
Industries,
Ltd.
1,698,385
202,487
Power
Grid
Corporation
of
India,
Ltd.
537,349
335,217
Reliance
Industries,
Ltd.
9,670,142
92,974
SBI
Cards
and
Payment
Services,
Ltd.
823,406
51,747
SBI
Life
Insurance
Company,
Ltd.
c
772,510
27,748
Schaeffler
India,
Ltd.
915,874
25,425
Siemens,
Ltd.
911,207
870
SKF
India,
Ltd.
46,775
7,306
Solar
Industries
India,
Ltd.
358,254
21,290
SRF,
Ltd.
569,985
28,739
Sun
Pharmaceutical
Industries,
Ltd.
363,877
112,892
Tata
Consultancy
Services,
Ltd.
4,659,468
44,870
Tata
Elxsi,
Ltd.
3,659,185
4,714
Tech
Mahindra,
Ltd.
58,861
7,394
Thermax,
Ltd.
174,252
1,416
Titan
Company,
Ltd.
41,300
24,632
Trent,
Ltd.
361,243
Total
72,143,191
Indonesia
(2.3%)
3,437,600
Astra
International
Tbk
PT
1,381,063
11,691,200
Bank
Central
Asia
Tbk
PT
6,634,863
2,426,100
Bank
Mandiri
Persero
Tbk
PT
1,616,598
5,555,900
Bank
Rakyat
Indonesia
Persero
Tbk
PT
1,703,816
712
Telekomunikasi
Indonesia
Persero
Tbk
PT
ADR
18,527
Total
11,354,867
Kuwait
(1.6%)
350,579
Boubyan
Bank
KSCP
901,446
268,737
Gulf
Bank
KSCP
276,109
119,894
HumanSoft
Holding
Company
KSCP
1,334,403
778,215
Kuwait
Finance
House
KSCP
2,139,884
62,723
Kuwait
International
Bank
KSCP
41,826
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(98.3%)
Value
Kuwait
(1.6%)
-
continued
266,020
Mobile
Telecommunications
Company
KSCP
$
483,907
601,007
National
Bank
of
Kuwait
KSC
2,163,491
658,884
National
Industries
Group
Holding
462,326
Total
7,803,392
Luxembourg
(0.4%)
254,154
Allegro.eu
SA
a,c
1,769,052
Total
1,769,052
Malaysia
(1.3%)
29,100
AEON
Credit
Service
(M)
Berhad
86,210
886,600
Hong
Leong
Bank
Berhad
4,271,100
597,700
Mah
Sing
Group
Berhad
84,986
747,600
PETRONAS
Chemicals
Group
Berhad
1,467,121
9,000
Petronas
Dagangan
BHD
45,994
229,100
Public
Bank
Berhad
228,050
57,200
QL
Resources
Berhad
78,712
376,342
Sports
Toto
BHD
142,207
92,600
Ta
Ann
Holdings
Berhad
74,023
Total
6,478,403
Mexico
(1.8%)
73,939
America
Movil
SAB
de
CV
ADR
1,547,543
249,600
Arca
Continental
SAB
de
CV
2,201,671
67,000
Grupo
Financiero
Banorte
SAB
de
CV
ADR
555,057
406,200
Grupo
Mexico,
SAB
de
CV
1,806,604
72,736
Grupo
Televisa
SAB
ADR
447,327
603,500
Megacable
Holdings
SAB
de
CV
1,897,625
58,200
Orbia
Advance
Corporation
SAB
de
CV
115,964
54,800
Wal-Mart
de
Mexico,
SAB
de
CV
214,043
Total
8,785,834
Poland
(1.0%)
91,972
Asseco
Poland
SA
1,618,592
52,239
Cyfrowy
Polsat
SA
221,817
70,416
Jastrzebska
Spolka
Weglowa
SA
a
1,099,498
149,063
Polski
Koncern
Naftowy
Orlen
SA
2,238,871
Total
5,178,778
Russian
Federation
(<0.1%)
647,134
Gazprom
PJSC
ADR
a,d
65
23,359
LUKOIL
PJSC
d
0
23,091
Mechel
PJSC
ADR
a,b,d
2
56,865
MMC
Norilsk
Nickel
PJSC
ADR
a,d
6
1,696
Novatek
PJSC
GDR
a,d,e
0
652
PAO
Transneft
d
0
2,615
Polyus
PJSC
a,d
0
1,260,120
Sberbank
of
Russia
PJSC
a,d
2
67,230
Sovcomflot
OAO
a,d
0
2,930,700
Surgutneftegas
PJSC
d
4
257,974
Surgutneftegas
PJSC
ADR
a,d
26
Total
105
Saudi
Arabia
(4.6%)
239,096
Al
Rajhi
Bank
5,248,460
312,294
Alinma
Bank
2,751,322
17,854
Arab
National
Bank
131,995
24,913
Bank
Albilad
299,168
4,446
BinDawood
Holding
Company
71,761
Shares
Common
Stock
(98.3%)
Value
Saudi
Arabia
(4.6%)
-
continued
18,636
Dr.
Sulaiman
Al
Habib
Medical
Services
Group
Company
$
1,164,805
13,164
Eastern
Province
Cement
Company
154,028
23,570
Jarir
Marketing
Company
947,385
6,203
Mouwasat
Medical
Services
Company
341,500
327,304
National
Commercial
Bank
4,143,533
145,232
Rabigh
Refining
&
Petrochemical
Company
a
434,699
338,948
Riyad
Bank
2,795,777
116,454
Saudi
Arabian
Mining
Company
a
2,304,315
43,112
Saudi
Arabian
Oil
Company
c
380,355
10,835
Saudi
Basic
Industries
Corporation
268,877
7,885
Saudi
Electricity
Company
48,587
99,945
Saudi
Telecom
Company
986,377
45,281
Yanbu
National
Petrochemical
Company
536,580
Total
23,009,524
Singapore
(<0.1%)
10,312
China
Yuchai
International,
Ltd.
94,252
Total
94,252
South
Africa
(2.7%)
151,463
Absa
Group,
Ltd.
1,740,660
198,852
AECI,
Ltd.
999,860
70,783
African
Rainbow
Minerals,
Ltd.
1,154,292
208,767
DataTec,
Ltd.
408,907
89,933
Discovery,
Ltd.
a
715,340
78,987
Exxaro
Resources,
Ltd.
991,275
195,540
FirstRand,
Ltd.
726,548
90,749
Gold
Fields,
Ltd.
ADR
1,038,168
5,495
Investec,
Ltd.
34,937
20,854
Kumba
Iron
Ore,
Ltd.
638,551
1,019,455
Momentum
Metropolitan
Holdings
1,112,036
8,823
Motus
Holdings,
Ltd.
62,491
11,989
Naspers,
Ltd.
2,317,941
55,420
Sasol,
Ltd.
1,006,806
63,221
Sibanye
Stillwater,
Ltd.
167,109
39,155
Standard
Bank
Group
390,678
34,479
Super
Group,
Ltd.
54,733
Total
13,560,332
South
Korea
(10.1%)
7,807
Alteogen,
Inc.
a
235,235
2,387
Celltrion,
Inc.
315,039
95
Celltrion,
Inc.,
Bonus
Shares
a,d
11,912
18,535
Cheil
Worldwide,
Inc.
331,234
1,844
Chongkundang
Holdings
Corporation
82,688
2,875
Dongwha
Enterprise
Company,
Ltd.
a
125,383
4,514
Echo
Marketing,
Inc.
50,779
18,230
Green
Cross
Holdings
Corporation
251,303
123,808
GS
Holdings
Corporation
4,448,772
3,074
HD
Hyundai
Company,
Ltd.
152,807
8,873
Huons
Global
Company,
Ltd.
154,971
940
Hyundai
Glovis
Company,
Ltd.
127,212
3,617
Hyundai
Motor
Company
493,075
26,943
JYP
Entertainment
Corporation
a
1,597,258
15,793
Kakao
Corporation
794,977
137,226
Kangwon
Land,
Inc.
a
2,629,510
41,532
Kia
Corporation
2,262,744
3,329
Korea
Zinc
Company,
Ltd.
1,466,208
6,458
Krafton,
Inc.
a
948,488
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(98.3%)
Value
South
Korea
(10.1%)
-
continued
3,201
KT&G
Corporation
$
240,112
1,192
LG
Chem,
Ltd.
672,769
8,591
LG
Corporation
578,554
2,807
LG
Energy
Solution
a
1,193,959
46,542
Lotte
Shopping
Company,
Ltd.
3,566,794
4,978
LS
Corporation
286,141
2,544
MedPacto,
Inc.
a
43,585
5,599
NAVER
Corporation
930,138
4,129
NCSoft
Corporation
1,528,272
1,466
NEXTIN,
Inc.
59,747
9,245
Pearl
Abyss
Corporation
a
342,659
22,971
PharmaResearch
Company,
Ltd.
1,449,122
2,868
POSCO
Chemical
Company,
Ltd.
525,703
7,855
Samsung
Biologics
Company,
Ltd.
a,c
5,071,819
4,849
Samsung
C&T
Corporation
468,324
272,952
Samsung
Electronics
Company,
Ltd.
13,595,808
4,024
Samsung
SDI
Company,
Ltd.
2,255,059
5,871
SK
Hynix,
Inc.
424,731
2,779
SM
Entertainment
Company,
Ltd.
a
199,914
5,516
S-Oil
Corporation
397,914
209
Taekwang
Industrial
Corporation,
Ltd.
a
126,166
Total
50,436,885
Taiwan
(12.5%)
947,000
Asia
Cement
Corporation
1,334,129
1,407,000
Capital
Securities
Corporation
546,070
117,500
Charoen
Pokphand
Enterprise
(Taiwan)
Company,
Ltd.
309,590
284,000
Cheng
Shin
Rubber
Industry
Company,
Ltd.
327,720
25,000
Chicony
Power
Technology
Company,
Ltd.
64,378
101,000
China
Steel
Chemical
Corporation
363,214
38,000
Delta
Electronics,
Inc.
368,504
34,000
E
Ink
Holdings,
Inc.
197,294
365,000
Far
Eastern
New
Century
Corporation
398,921
484,000
Feng
Hsin
Steel
Company,
Ltd.
1,116,552
67,000
FLEXium
Interconnect,
Inc.
224,472
341,000
Formosa
Plastics
Corporation
1,016,476
42,000
Fusheng
Precision
Company,
Ltd.
311,069
11,000
Global
Unichip
Corporation
290,328
32,000
Globalwafers
Company,
Ltd.
561,442
113,000
Goldsun
Building
Materials
Company,
Ltd.
97,050
46,000
Hotai
Motor
Company,
Ltd.
1,009,936
634,000
Hua
Nan
Financial
Holdings
Company,
Ltd.
482,361
78,000
International
Games
System
Company,
Ltd.
1,290,426
8,000
Largan
Precision
Company,
Ltd.
570,891
22,000
Lotes
Company,
Ltd.
559,262
30,000
Makalot
Industrial
Company,
Ltd.
219,019
50,000
MediaTek,
Inc.
1,208,049
7,000
Momo.com,
Inc.
186,281
2,134,000
Nan
Ya
Plastics
Corporation
5,370,487
32,000
Novatek
Microelectronics
Corporation
381,052
19,000
Poya
International
Company,
Ltd.
330,008
236,000
Radiant
Opto-Electronics
Corporation
809,009
137,000
Sanyang
Motor
Company,
Ltd.
160,378
Shares
Common
Stock
(98.3%)
Value
Taiwan
(12.5%)
-
continued
169,000
Shanghai
Commercial
&
Savings
Bank,
Ltd.
$
262,650
182,000
Systex
Corporation
451,083
89,056
Taichung
Commercial
Bank
Company,
Ltd.
38,966
5,000
TaiDoc
Technology
Corporation
29,992
129,000
Taiwan
Fertilizer
Company,
Ltd.
240,510
1,867,000
Taiwan
Semiconductor
Manufacturing
Company,
Ltd.
32,946,570
399,000
Topco
Scientific
Company,
Ltd.
2,257,190
138,000
TTY
Biopharm
Company,
Ltd.
357,540
1,178,000
United
Microelectronics
Corporation
1,927,733
52,000
Voltronic
Power
Technology
Corporation
2,631,423
73,000
YFY,
Inc.
62,955
1,316,950
Yuanta
Financial
Holding
Company,
Ltd.
990,290
Total
62,301,270
Thailand
(2.2%)
766,800
Airports
of
Thailand
Public
Company,
Ltd.
NVDR
a
1,729,220
539,800
AP
(Thailand)
Public
Company,
Ltd.
NVDR
195,142
140,300
Bumrungrad
Hospital
Public
Company,
Ltd.
924,645
348,200
Central
Pattana
pcl
NVDR
754,657
61,100
Delta
Electronics
Public
Company,
Ltd.
NVDR
1,678,661
299,600
Energy
Absolute
Public
Company,
Ltd.
NVDR
787,626
1,772,300
Krung
Thai
Bank
Public
Company,
Ltd.
NVDR
942,910
11,993,700
Land
and
Houses
Public
Company,
Ltd.
NVDR
3,604,304
52,500
PTT
Exploration
and
Production
Public
Company,
Ltd.
NVDR
274,054
Total
10,891,219
Turkey
(1.1%)
280,041
BIM
Birlesik
Magazalar
AS
1,856,927
679,122
Haci
Omer
Sabanci
Holding
AS
1,412,520
29,807
KOC
Holding
AS
121,525
80,617
Turk
Hava
Yollari
Anonim
Ortakligi
a
591,055
2,519,378
Turkiye
Is
Bankasi
AS
1,461,269
Total
5,443,296
United
States
(0.5%)
41,860
Yum
China
Holding,
Inc.
2,578,995
Total
2,578,995
Virgin
Islands,
British
(<0.1%)
17,004
VK
Company,
Ltd.
GDR
a,d
0
Total
0
Total
Common
Stock
(cost
$491,899,096)
488,912,060
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Collateral
Held
for
Securities
Loaned
(
0.2%
)
Value
1,109,650
Thrivent
Cash
Management
Trust
$
1,109,650
Total
Collateral
Held
for
Securities
Loaned
(cost
$1,109,650)
1,109,650
Shares
Short-Term
Investments
(
1.1%
)
Thrivent
Core
Short-Term
Reserve
Fund
521,038
4.830%
5,210,381
Total
Short-Term
Investments
(cost
$5,210,381)
5,210,381
Total
Investments
(cost
$498,219,127)
99.6%
$495,232,091
Other
Assets
and
Liabilities,
Net
0.4%
1,917,798
Total
Net
Assets
100.0%
$497,149,889
a
Non-income
producing
security.
b
Denotes
securities
sold
under
Rule
144A
of
the
Securities
Act
of
1933,
which
exempts
them
from
registration.
These
securities
may
be
resold
to
other
dealers
in
the
program
or
to
other
qualified
institutional
buyers.
As
of
January
31,
2023,
the
value
of
these
investments
was
$27,681,224
or
5.6%
of
total
net
assets.
c
Security
is
valued
using
significant
unobservable
inputs.
Further
information
on
valuation
can
be
found
in
the
Notes
to
Financial
Statements.
d
All
or
a
portion
of
the
security
is
on
loan.
e
Pursuant
to
sanctions
related
to
the
Russian
invasion
of
Ukraine
which
restricts
the
ability
of
Russia
and
its
allied
nations
to
make
payments
on
its
dollar-denominated
sovereign
debt
and
equity,
existing
accruals
on
these
securities
have
been
reserved
and
income
is
currently
not
being
accrued.
*
Denotes
restricted
securities.
Restricted
securities
are
investment
securities
which
cannot
be
offered
for
public
sale
without
first
being
registered
under
the
Securities
Act
of
1933.
The
value
of
all
restricted
securities
held
in
Emerging
Markets
Equity
Fund
as
of
January
31,
2023
was
$17,653
or
0.00%
of
total
net
assets.
The
following
table
indicates
the
acquisition
date
and
cost
of
restricted
securities
shown
in
the
schedule
as
of
January
31,
2023.
Security
Acquisition
Date
Cost
China
Yuhua
Education
Corporation,
Ltd.
4/6/2022
$
27,480
The
following
table
presents
the
total
amount
of
securities
loaned
with
continuous
maturity,
by
type,
offset
by
the
gross
payable
upon
return
of
collateral
for
securities
loaned
by
Thrivent
Core
Emerging
Markets
Equity
Fund
as
of
January
31,
2023:
Securities
Lending
Transactions
Common
Stock
$
1,085,409
Total
lending
$1,085,409
Gross
amount
payable
upon
return
of
collateral
for
securities
loaned
$1,109,650
Net
amounts
due
to
counterparty
$24,241
Definitions:
ADR
-
American
Depositary
Receipt,
which
are
certificates
for
an
underlying
foreign
security's
shares
held
by
an
issuing
U.S.
depository
bank.
GDR
-
Global
Depository
Receipts,
which
are
certificates
for
shares
of
an
underlying
foreign
security’s
shares
held
by
an
issuing
depository
bank
from
more
than
one
country.
NVDR
-
Non-Voting
Depository
Receipts
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Intercontinental
Exchange
Morgan
Stanley
Capital
International
Fair
Valuation
Measurements
The
following
table
is
a
summary
of
the
inputs
used,
as
of
January
31,
2023,
in
valuing
Emerging
Markets
Equity
Fund's
assets
carried
at
fair
value.
Investments
in
Securities
Total
Level
1
Level
2
Level
3
Common
Stock
Communications
Services^
51,337,140
12,676,053
37,685,834
975,253
Consumer
Discretionary
79,565,056
27,057,917
52,489,486
17,653
Consumer
Staples^
16,261,862
–
16,261,862
0
Energy^
23,459,635
2,792,781
20,666,759
95
Financials
91,909,526
3,902,579
88,006,945
2
Health
Care
26,718,586
666,421
26,040,253
11,912
Industrials
26,618,817
94,252
26,524,565
–
Information
Technology
97,942,953
9,039,668
88,903,285
–
Materials^
50,790,264
9,268,828
41,521,428
8
Real
Estate
13,522,365
1,181,133
12,341,232
–
Utilities
10,785,856
3,536,192
7,249,664
–
Subtotal
Investments
in
Securities
$488,912,060
$70,215,824
$417,691,313
$1,004,923
Other
Investments *
Total
Affiliated
Short-Term
Investments
5,210,381
Collateral
Held
for
Securities
Loaned
1,109,650
Subtotal
Other
Investments
$6,320,031
Total
Investments
at
Value
$495,232,091
*
Certain
investments
are
measured
at
fair
value
using
a
net
asset
value
per
share
that
is
not
publicly
available
(practical
expedient). According
to
disclosure
requirements
of
Accounting
Standards
Codification
(ASC)
820,
Fair
Value
Measurement,
securities
valued
using
the
practical
expedient
are
not
classified
in
the
fair
value
hierarchy. The
fair
value
amounts
presented
in
this
table
are
intended
to
permit
reconciliation
of
the
fair
value
hierarchy
to
the
amounts
presented
in
the
Statement
of
Assets
and
Liabilities.
^
Level
3
security
in
this
section
is
fair
valued
at
<$1.
Other
Financial
Instruments
Total
Level
1
Level
2
Level
3
Asset
Derivatives
Futures
Contracts
904,158
904,158
–
–
Total
Asset
Derivatives
$904,158
$904,158
$–
$–
The
following
table
presents
Emerging
Markets
Equity
Fund's
futures
contracts
held
as
of
January
31,
2023.
Investments
and/or
cash
totaling
$1,796,763
were
pledged
as
the
initial
margin
deposit
for
these
contracts.
Futures
Contracts
Description
Number
of
Contracts
Long/(Short)
Expiration
Date
Notional
Principal
Amount
Value
and
Unrealized
ICE
US
mini
MSCI
Emerging
Markets
Index
235
March
2023
$
11,369,892
$
904,158
Total
Futures
Long
Contracts
$
11,369,892
$
904,158
Total
Futures
Contracts
$
11,369,892
$904,158
Emerging
Markets
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Investment
in
Affiliates
Affiliated
issuers,
as
defined
under
the
Investment
Company
Act
of
1940,
include
those
in
which
the
Fund's
holdings
of
an
issuer
represent
5%
or
more
of
the
outstanding
voting
securities
of
an
issuer,
any
affiliated
mutual
fund,
or
a
company
which
is
under
common
ownership
or
control
with
the
Fund.
The
Fund
owns
shares
of
Thrivent
Cash
Management
Trust
for
the
purpose
of
securities
lending
and
Thrivent
Core
Short-Term
Reserve
Fund,
a
series
of
Thrivent
Core
Funds,
primarily
to
serve
as
a
cash
sweep
vehicle
for
the
Fund.
Thrivent
Cash
Management
Trust
and
Thrivent
Core
Funds
are
established
solely
for
investment
by
Thrivent
entities.
A
summary
of
transactions
(in
thousands;
values
shown
as
zero
are
less
than
$500)
for
the
fiscal
year
to
date,
in
Emerging
Markets
Equity
Fund,
is
as
follows:
Fund
Value
10/31/2022
Gross
Purchases
Gross
Sales
Value
1/31/2023
Shares
Held
at
1/31/2023
%
of
Net
Assets
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$4,055
$30,010
$28,855
$5,210
521
1.1%
Total
Affiliated
Short-Term
Investments
4,055
5,210
1.1
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
1,649
10,533
11,072
1,110
1,110
0.2
Total
Collateral
Held
for
Securities
Loaned
1,649
1,110
0.2
Total
Value
$5,704
$6,320
Portfolio
Net
Realized
Gain/(Loss)
Change
in
Unrealized
Appreciation/
(Depreciation)
Distributions
of
Realized
Capital
Gains
Income
Earned
11/1/2022
-
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$–
$–
$
–
$56
Total
Income/Non
Income
Cash
from
Affiliated
Investments
$56
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
–
–
–
27
Total
Affiliated
Income
from
Securities
Loaned,
Net
$27
Total
Value
$–
$–
$
–
International
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(
97.8%
)
Value
Australia
(7.0%)
162,811
Aristocrat
Leisure,
Ltd.
$
3,930,791
407,540
Aurizon
Holdings,
Ltd.
1,065,214
30,634
Australia
and
New
Zealand
Banking
Group,
Ltd.
545,176
46,741
BHP
Group,
Ltd.
1,636,972
7,526
BlueScope
Steel,
Ltd.
102,628
52,298
Carsales.com,
Ltd.
846,719
140,032
Coles
Group,
Ltd.
1,761,274
31,398
Commonwealth
Bank
of
Australia
2,450,997
153,238
Computershare,
Ltd.
2,580,817
31,571
CSL,
Ltd.
6,666,242
11,915
Deterra
Royalties,
Ltd.
41,340
221,236
GWA
Group,
Ltd.
340,224
212,371
Humm
Group,
Ltd.
89,567
28,951
JB
Hi-Fi,
Ltd.
995,410
575,506
Lottery
Corporation,
Ltd.
a
1,919,404
12,265
Macquarie
Group,
Ltd.
1,636,264
45,509
Nine
Entertainment
Company
Holdings,
Ltd.
65,844
21,064
Northern
Star
Resources,
Ltd.
187,692
3,029
Premier
Investments,
Ltd.
59,896
38,548
QBE
Insurance
Group,
Ltd.
376,110
10,062
REA
Group,
Ltd.
902,278
46,407
Rio
Tinto,
Ltd.
4,164,445
52,513
SEEK,
Ltd.
909,472
8,168
Technology
One,
Ltd.
84,452
31,939
Westpac
Banking
Corporation
537,403
Total
33,896,631
Austria
(0.3%)
27,790
OMV
AG
1,392,002
6,355
Raiffeisen
Bank
International
AG
a
114,340
Total
1,506,342
Belgium
(0.8%)
821
D'ieteren
Group
156,905
19,978
Groupe
Bruxelles
Lambert
SA
1,709,015
9,936
Solvay
SA
1,157,852
8,401
Telenet
Group
Holding
NV
144,808
7,431
UCB
SA
610,117
Total
3,778,697
Bermuda
(0.2%)
31,500
CK
Infrastructure
Holdings,
Ltd.
175,252
10,700
Jardine
Matheson
Holdings,
Ltd.
567,314
116,000
Road
King
Infrastructure,
Ltd.
57,655
Total
800,221
Canada
(11.5%)
33,618
Alimentation
Couche-Tard,
Inc.
1,535,177
53,084
ARC
Resources,
Ltd.
616,797
126
ATCO,
Ltd.
4,009
27,005
Bank
of
Nova
Scotia
1,461,929
30,821
Bausch
Health
Companies,
Inc.
a,b
237,322
30,398
Baytex
Energy
Corporation
a
140,733
5,977
Bombardier,
Inc.
a
288,709
133,903
Canadian
Imperial
Bank
of
Commerce
6,112,712
56,654
Canadian
National
Railway
Company
6,743,723
60,084
Canadian
Natural
Resources,
Ltd.
3,687,994
8,509
Canadian
Utilities,
Ltd.
236,491
80,654
Canadian
Western
Bank
1,704,551
55,934
CGI,
Inc.
a
4,794,042
45,185
Crescent
Point
Energy
Corporation
337,559
Shares
Common
Stock
(97.8%)
Value
Canada
(11.5%)
-
continued
8,770
Dollarama,
Inc.
$
524,466
1,038
Fairfax
Financial
Holdings,
Ltd.
687,192
14,327
Fortis,
Inc.
b
588,672
4,691
Intact
Financial
Corporation
680,548
9,860
InterRent
Real
Estate
Investment
Trust
106,785
80,276
Laurentian
Bank
of
Canada
2,158,109
6,133
Loblaw
Companies,
Ltd.
549,437
5,569
Magna
International,
Inc.
b
361,651
28,682
Northland
Power,
Inc.
770,429
2,733
Nutrien,
Ltd.
226,265
20,137
Pembina
Pipeline
Corporation
714,492
30,007
Rogers
Communications,
Inc.
1,458,910
4,465
Royal
Bank
of
Canada
456,920
98,377
Shopify,
Inc.
a
4,847,035
6,090
Sun
Life
Financial,
Inc.
306,022
37,238
Suncor
Energy,
Inc.
1,292,436
141,841
TC
Energy
Corporation
6,111,566
2,707
TFI
International,
Inc.
301,492
29,916
Thomson
Reuters
Corporation
3,558,757
7,781
Toromont
Industries,
Ltd.
621,580
12,081
Toronto-Dominion
Bank
835,878
12,773
Tourmaline
Oil
Corporation
595,283
1,885
WSP
Global,
Inc.
240,387
Total
55,896,060
Cayman
Islands
(0.4%)
6,635
Futu
Holdings,
Ltd.
ADR
a,b
336,793
50,456
Melco
Resorts
&
Entertainment.
Ltd.
ADR
a
689,229
176,400
Sands
China,
Ltd.
a
661,515
9,000
Wharf
Real
Estate
Investment
Company,
Ltd.
51,522
27,200
Wynn
Macau,
Ltd.
a
31,131
Total
1,770,190
Denmark
(2.6%)
418
A.P.
Moller
-
Maersk
AS,
Class
B
909,273
5,316
ALK-Abello
AS
a
79,411
899
Coloplast
AS
108,540
25,609
DSV
AS
4,236,500
1,016
Genmab
AS
a
398,167
50,214
Novo
Nordisk
AS
6,949,109
2,512
Topdanmark
AS
135,592
Total
12,816,592
Finland
(0.6%)
6,012
Neste
Oil
Oyj
287,386
72,161
Nokia
Oyj
342,151
5,376
Sampo
Oyj
282,236
146,091
Stora
Enso
Oyj
2,088,418
362
Tieto
Oyj
11,024
2,061
UPM-Kymmene
Oyj
74,703
Total
3,085,918
France
(9.0%)
32,834
Air
Liquide
SA
5,228,009
2,743
Alstom
SA
81,563
1,407
BioMerieux
143,437
47,349
Bollore
SA
264,935
6,927
Bureau
Veritas
SA
198,052
17,470
Compagnie
de
Saint-Gobain
1,003,318
22,850
Dassault
Systemes
SE
849,808
11,290
Eiffage
SA
1,205,886
199,053
Engie
SA
2,826,516
International
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(97.8%)
Value
France
(9.0%)
-
continued
29,508
Groupe
Eurotunnel
SA
$
499,090
3,072
Hermes
International
5,749,251
11,034
Ipsos
SA
715,084
3,637
La
Francaise
des
Jeux
SAEM
c
155,619
55,785
Legrand
SA
4,956,025
2,181
LNA
Sante
74,452
4,497
LVMH
Moet
Hennessy
Louis
Vuitton
SE
3,925,755
21,057
Publicis
Groupe
SA
1,485,347
49,769
Sanofi
4,873,583
313
Sopra
Group
SA
52,059
19,827
Thales
SA
2,622,295
108,775
TotalEnergies
SE
6,724,530
Total
43,634,614
Germany
(6.7%)
17,809
Allianz
SE
4,258,362
55,120
BASF
SE
3,160,317
103,419
Bayer
AG
6,437,283
6,765
Bayerische
Motoren
Werke
AG
689,112
32,310
Deutsche
Boerse
AG
5,781,602
24,071
Deutsche
Post
AG
1,036,413
23,381
Evonik
Industries
AG
519,723
21,992
Merck
KGaA
4,590,334
54,546
Porsche
Automobil
Holding
SE
3,261,657
4,062
SAP
SE
481,508
1,309
Scout24
SE
c
76,207
11,524
Siemens
AG
1,800,103
27,880
TAG
Immobilien
AG
238,759
1,404
Volkswagen
AG
245,755
Total
32,577,135
Hong
Kong
(1.9%)
163,000
BOC
Hong
Kong
(Holdings),
Ltd.
569,667
330,500
CK
Hutchison
Holdings,
Ltd.
2,103,286
40,000
Hang
Lung
Properties,
Ltd.
75,422
28,400
Hang
Seng
Bank,
Ltd.
472,951
48,000
Henderson
Land
Development
Company,
Ltd.
177,312
75,000
Hong
Kong
and
China
Gas
Company,
Ltd.
75,302
71,800
Hong
Kong
Exchanges
&
Clearing,
Ltd.
3,229,391
30,000
Hysan
Development
Company,
Ltd.
100,934
51,600
Link
REIT
413,025
60,000
Melco
International
Development,
Ltd.
a
78,084
38,000
Sino
Land
Company,
Ltd.
49,380
100,000
Sun
Hung
Kai
Properties,
Ltd.
1,418,163
52,000
Swire
Pacific,
Ltd.
476,522
29,400
Swire
Properties,
Ltd.
82,631
Total
9,322,070
Ireland
(0.1%)
2,061
Flutter
Entertainment
plc
a
320,140
Total
320,140
Isle
of
Man
(0.1%)
25,118
Entain
plc
463,193
Total
463,193
Israel
(1.8%)
221,601
Bank
Hapoalim,
Ltd.
1,994,533
334,580
Bank
Leumi
Le-Israel
BM
2,956,811
Shares
Common
Stock
(97.8%)
Value
Israel
(1.8%)
-
continued
7,541
Check
Point
Software
Technologies,
Ltd.
a
$
959,215
1,533
First
International
Bank
of
Israel,
Ltd.
61,924
69,275
Mizrahi
Tefahot
Bank,
Ltd.
2,288,200
3,274
Wix.com,
Ltd.
a
284,773
Total
8,545,456
Italy
(1.8%)
57,106
A2A
SPA
85,972
32,857
Azimut
Holding
SPA
820,294
14,816
Banca
Farmafactoring
SPA
c
137,020
48,180
Banca
Mediolanum
SPA
460,956
660
Brunello
Cucinelli
SPA
54,971
16,689
Davide
Campari-Milano
NV
179,023
264,598
Enel
SPA
1,557,978
495,538
Intesa
Sanpaolo
SPA
1,302,898
28,905
Italgas
SPA
169,201
78,382
Leonardo
SPA
807,186
3,435
Moncler
SPA
214,988
4,061
Prysmian
SPA
165,841
65,848
Recordati
SPA
2,884,690
40,297
Saras
SPA
a
69,864
Total
8,910,882
Japan
(19.1%)
8,200
Advantest
Corporation
587,784
11,000
AGC,
Inc.
405,304
15,600
All
Nippon
Airways
Company,
Ltd.
a
345,271
14,700
Arcs
Company,
Ltd.
248,419
6,800
Asahi
Group
Holdings,
Ltd.
224,551
160,200
Astellas
Pharma,
Inc.
2,358,166
19,600
Chiyoda
Company,
Ltd.
119,542
6,100
Chugai
Pharmaceutical
Company,
Ltd.
158,143
13,800
COMSYS
Holdings
Corporation
263,199
23,800
Daiichi
Sankyo
Company,
Ltd.
747,485
14,100
Daikin
Industries,
Ltd.
2,449,095
6,100
Daito
Trust
Construction
Company,
Ltd.
602,793
41,500
Daiwa
House
Industry
Company,
Ltd.
996,624
1,200
Denso
Corporation
64,807
207,200
Eneos
Holdings,
Inc.
741,817
4,400
FANUC
Corporation
777,435
200
Fast
Retailing
Company,
Ltd.
121,472
8,100
Ferrotec
Holdings
Corporation
202,878
4,200
Fuji
Corporation
69,930
7,100
Fuji
Soft,
Inc.
423,782
19,300
FUJIFILM
Holdings
NPV
1,021,379
9,500
Fujitsu,
Ltd.
1,352,605
6,800
Hamamatsu
Photonics
KK
363,326
3,500
Hanwa
Company,
Ltd.
111,444
15,100
Hitachi,
Ltd.
791,881
97,600
Honda
Motor
Company,
Ltd.
2,414,283
20,400
Hoya
Corporation
2,243,428
36,300
Iida
Group
Holdings
Company,
Ltd.
605,138
39,700
Inaba
Denki
Sangyo
Company,
Ltd.
862,516
36,000
Inpex
Corporation
395,591
9,100
ITOCHU
Corporation
294,129
44,800
ITOCHU
Techno-Solutions
Corporation
1,109,136
3,000
Izumi
Company,
Ltd.
67,925
38,600
Japan
Airlines
Company,
Ltd.
a
818,613
International
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(97.8%)
Value
Japan
(19.1%)
-
continued
32,000
Japan
Post
Holdings
Company,
Ltd.
$
280,943
140,600
Japan
Tobacco,
Inc.
2,867,104
4,900
Kawasaki
Kisen
Kaisha,
Ltd.
102,316
32,100
KDDI
Corporation
1,002,915
59
Kenedix
Retail
REIT
Corporation
110,618
7,700
Keyence
Corporation
3,544,841
1,200
Kikkoman
Corporation
63,471
47,900
Kinden
Corporation
549,008
5,700
KOMEDA
Holdings
Company,
Ltd.
105,982
15,100
Kyocera
Corporation
783,560
39,900
Kyoei
Steel,
Ltd.
436,167
400
Lasertec
Corporation
75,729
3,900
Lintec
Corporation
67,536
51,900
Marubeni
Corporation
636,740
16,000
McDonald's
Holdings
Company
(Japan),
Ltd.
632,118
7,400
Ministop
Company,
Ltd.
80,713
6,600
MISUMI
Group,
Inc.
166,105
41,000
Mitsubishi
Corporation
1,372,924
178,200
Mitsubishi
Electric
Corporation
1,963,898
385,600
Mitsubishi
HC
Capital,
Inc.
1,968,160
271,300
Mitsubishi
UFJ
Financial
Group,
Inc.
1,987,240
12,600
Mitsuboshi
Belting,
Ltd.
359,527
15,600
Mitsui
&
Company,
Ltd.
460,243
7,400
Mitsui
O.S.K.
Lines,
Ltd.
183,659
9,900
Mizuho
Financial
Group,
Inc.
154,643
7,700
MS
and
AD
Insurance
Group
Holdings,
Inc.
246,968
24,700
Murata
Manufacturing
Company,
Ltd.
1,411,370
15,600
Nidec
Corporation
864,534
55,600
Nintendo
Company,
Ltd.
2,410,694
82,200
Nippon
Steel
Corporation
1,710,972
5,200
Nippon
Telegraph
and
Telephone
Corporation
155,925
31,700
Nippon
Yusen
Kabushiki
Kaisha
754,107
6,600
Nishimatsu
Construction
Company,
Ltd.
206,173
7,400
Nitori
Holdings
Company,
Ltd.
979,433
21,300
Nitto
Kogyo
Corporation
398,727
16,800
Nomura
Research
Institute,
Ltd.
403,327
40,200
NTT
Data
Corporation
623,558
2,800
Ono
Pharmaceutical
Company,
Ltd.
60,756
12,400
Oracle
Corporation
Japan
849,485
13,800
Oriental
Land
Company,
Ltd.
2,299,356
40,400
ORIX
Corporation
710,353
5,000
Pan
Pacific
International
Holdings
Company
92,466
28,500
Penta-Ocean
Construction
Company,
Ltd.
142,146
26,000
Recruit
Holdings
Company,
Ltd.
836,167
124,100
Resona
Holdings,
Inc.
686,735
10,600
Ryoyo
Electro
Corporation
b
189,473
26,200
Sangetsu
Company,
Ltd.
460,416
32,600
Secom
Company,
Ltd.
1,942,172
26,600
Sekisui
House,
Ltd.
502,720
19,000
Shin-Etsu
Chemical
Company,
Ltd.
2,801,040
18,600
Shionogi
&
Company,
Ltd.
886,374
1,800
SMC
Corporation
914,240
58,700
SoftBank
Group
Corporation
2,778,980
28,800
Sony
Group
Corporation
2,573,326
19,900
Sumco
Corporation
294,854
42,200
Sumitomo
Corporation
757,487
Shares
Common
Stock
(97.8%)
Value
Japan
(19.1%)
-
continued
53,400
Sumitomo
Mitsui
Financial
Group,
Inc.
$
2,320,822
52,900
Sumitomo
Mitsui
Trust
Holdings,
Inc.
1,927,075
900
Sysmex
Corporation
59,747
3,600
Taikisha,
Ltd.
98,733
17,100
Taiyo
Holdings
Company,
Ltd.
315,455
4,300
Takara
Standard
Company,
Ltd.
46,927
82,100
Takeda
Pharmaceutical
Company,
Ltd.
2,581,010
8,700
Terumo
Corporation
253,260
39,000
Toagosei
Company,
Ltd.
353,923
21,400
Tohoku
Electric
Power
Company,
Inc.
115,100
12,800
Tokio
Marine
Holdings,
Inc.
268,092
6,400
Tokyo
Electron,
Ltd.
2,236,956
3,500
Tokyotokeiba
Company,
Ltd.
104,338
7,500
Toyo
Suisan
Kaisha,
Ltd.
309,906
246,000
Toyota
Motor
Corporation
3,612,687
18,300
Tsubakimoto
Chain
Company
438,078
57,500
TV
Asahi
Holdings
Corporation
595,068
2,100
Yakult
Honsha
Company,
Ltd.
149,915
9,600
Yuasa
Trading
Company,
Ltd.
273,554
333,400
Z
Holdings
Corporation
970,101
43,900
ZOZO,
Inc.
1,138,029
Total
92,429,161
Jersey
(0.4%)
15,158
Experian
plc
554,320
485,803
Man
Group
plc
1,494,550
Total
2,048,870
Luxembourg
(0.1%)
92,379
B&M
European
Value
Retail
SA
510,884
Total
510,884
Netherlands
(5.1%)
11,659
Aalberts
NV
551,265
900
Adyen
NV
a,c
1,360,711
1,337
Akzo
Nobel
NV
99,586
11,658
ASML
Holding
NV
7,713,455
24,017
Euronext
NV
c
1,946,136
15,523
Ferrari
NV
3,878,936
28,309
ForFarmers
BV
95,444
592
Heineken
Holding
NV
48,879
3,550
Heineken
NV
354,782
1,379
IMCD
NV
218,615
48,776
Koninklijke
Ahold
Delhaize
NV
1,455,810
42,909
QIAGEN
NV
a
2,093,226
871
Randstad
Holding
NV
55,829
166,404
Stellantis
NV
2,616,024
5,307
Technip
Energies
NV
102,888
46,127
Unilever
plc
2,341,715
Total
24,933,301
New
Zealand
(0.1%)
54,392
Contact
Energy,
Ltd.
273,546
Total
273,546
Norway
(2.2%)
249,930
DNB
Bank
ASA
4,673,582
91,687
Equinor
ASA
2,794,314
14,931
Storebrand
ASA
129,983
International
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(97.8%)
Value
Norway
(2.2%)
-
continued
65,496
Yara
International
ASA
$
2,910,074
Total
10,507,953
Portugal
(0.1%)
92,155
EDP
-
Energias
de
Portugal
SA
457,848
12,500
Navigator
Company
SA
43,763
Total
501,611
Singapore
(1.4%)
219,900
DBS
Group
Holdings,
Ltd.
6,020,042
187,800
Genting
Singapore,
Ltd.
142,232
88,200
Keppel
Corporation,
Ltd.
509,237
50,459
Wing
Tai
Holdings,
Ltd.
59,292
103,700
Yangzijiang
Shipbuilding
Holdings,
Ltd.
102,233
Total
6,833,036
Spain
(1.7%)
73,062
Acerinox
SA
791,254
33,832
Banco
Bilbao
Vizcaya
Argentaria
SA
238,981
484,136
CaixaBank
SA
2,148,083
34,367
Cia
de
Distribucion
Integral
Logista
Holdings
SA
931,117
3,029
Endesa
SA
60,388
109,986
Industria
de
Diseno
Textil
SA
3,433,839
134,151
Mediaset
Espana
Comunicacion
SA
a
480,653
13,642
Repsol
SA
224,094
7,007
Siemens
Gamesa
Renewable
Energy
SA
a
137,715
Total
8,446,124
Sweden
(2.4%)
32,951
AB
Industrivarden,
Class
A
872,883
49,168
AB
Industrivarden,
Class
C
1,295,315
68,137
Assa
Abloy
AB
1,605,053
13,589
Atlas
Copco
AB,
Class
A
161,248
10,655
Atlas
Copco
AB,
Class
B
112,385
5,958
Avanza
Bank
Holding
AB
137,473
26,353
Boliden
AB
1,182,644
6,958
Epiroc
AB,
Class
B
116,007
858
Evolution
Gaming
Group
AB
c
96,432
103,110
Granges
AB
862,450
6,719
Hexatronic
Group
AB
82,700
76,702
Hexpol
AB
828,601
6,587
Indutrade
AB
146,279
4,203
L
E
Lundbergforetagen
AB
194,629
24,786
NIBE
Industrier
AB
267,795
5,100
Saab
AB
208,786
12,723
Skandinaviska
Enskilda
Banken
AB
154,022
3,535
Skanska
AB
62,393
207,323
SSAB
AB,
Class
A
1,481,869
41,640
SSAB
AB,
Class
B
283,763
7,065
Svolder
AB
45,804
63
Swedish
Orphan
Biovitrum
AB
a
1,405
28,883
Telefonaktiebolaget
LM
Ericsson
167,535
9,086
Trelleborg
AB
227,191
45,262
Volvo
AB,
Class
B
898,157
Total
11,492,819
Switzerland
(9.5%)
9,773
Baloise
Holding
AG
1,607,394
5,829
Coca-Cola
HBC
AG
141,653
Shares
Common
Stock
(97.8%)
Value
Switzerland
(9.5%)
-
continued
18,487
Compagnie
Financiere
Richemont
SA
$
2,849,906
4,528
Galenica
AG
c
354,124
856,930
Glencore
Xstrata
plc
5,738,755
20,795
Holcim,
Ltd.
1,243,224
19,350
Julius
Baer
Group,
Ltd.
1,241,194
2,071
Lonza
Group
AG
1,181,385
74,078
Nestle
SA
9,038,187
120,715
Novartis
AG
10,913,732
7,910
OC
Oerlikon
Corporation
AG
54,308
777
Partners
Group
Holding
AG
729,057
14,922
PSP
Swiss
Property
AG
1,860,233
471
Roche
Holding
AG,
Bearer
Shares
172,405
7,847
Roche
Holding
AG,
Participation
Certificates
2,449,601
8,574
Sika
AG
2,436,275
2,823
Sonova
Holding
AG
705,953
1,922
Swiss
Life
Holding
AG
1,137,531
3,266
Tecan
Group
AG
1,370,656
47,390
UBS
Group
AG
1,011,558
698
Vontobel
Holding
AG
49,434
Total
46,286,565
United
Kingdom
(10.9%)
11,381
AstraZeneca
plc
1,491,051
469,383
Auto
Trader
Group
plc
c
3,641,695
37,853
Avacta
Group
plc
a,b
66,594
23,583
BAE
Systems
plc
249,651
351,750
Barclays
plc
808,599
20,095
Beazley
plc
165,370
652,154
BP
plc
3,939,170
86,734
British
American
Tobacco
plc
3,324,840
15,517
Bunzl
plc
569,647
539
Coca-Cola
European
Partners
plc
30,303
14,887
Compass
Group
plc
355,620
723
Croda
International
plc
61,626
117,470
Diageo
plc
5,136,498
41,754
Evraz
plc
a,d
5
41,386
GSK
plc
726,946
186,441
Halma
plc
4,963,807
683,021
HSBC
Holdings
plc
5,032,729
82,631
Imperial
Brands
plc
2,072,898
50,652
InterContinental
Hotels
Group
plc
3,516,440
7,308
Lancashire
Holdings,
Ltd.
56,411
13,234
London
Stock
Exchange
Group
plc
1,211,504
130,200
Moneysupermarket.com
Group
plc
383,314
10,939
Next
plc
895,621
39,939
PageGroup
plc
224,841
19,219
Paragon
Banking
Group
plc
142,402
31,611
Redde
Northgate
plc
169,137
134,880
RELX
plc
4,007,135
3,655
Rio
Tinto
plc
286,191
66,143
Sage
Group
plc
635,479
254,958
Shell
plc
7,484,991
5,988
Spirax-Sarco
Engineering
plc
855,337
38,469
Standard
Chartered
plc
323,124
4,041
TORM
plc
102,341
Total
52,931,317
Total
Common
Stock
(cost
$417,952,572)
474,519,328
Shares
Preferred
Stock
(
0.9%
)
Germany
(0.9%)
2,869
Bayerische
Motoren
Werke
AG
271,805
International
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Preferred
Stock
(0.9%)
Value
Germany
(0.9%)
-
continued
29,257
Volkswagen
AG
$
4,057,658
Total
4,329,463
Total
Preferred
Stock
(cost
$4,322,554)
4,329,463
Shares
Collateral
Held
for
Securities
Loaned
(
0.3%
)
1,744,594
Thrivent
Cash
Management
Trust
1,744,594
Total
Collateral
Held
for
Securities
Loaned
(cost
$1,744,594)
1,744,594
Shares
Short-Term
Investments
(
0.2%
)
Thrivent
Core
Short-Term
Reserve
Fund
96,689
4.830%
966,895
Total
Short-Term
Investments
(cost
$966,895)
966,895
Total
Investments
(cost
$424,986,615)
99.2%
$481,560,280
Other
Assets
and
Liabilities,
Net
0.8%
3,706,741
Total
Net
Assets
100.0%
$485,267,021
a
Non-income
producing
security.
b
All
or
a
portion
of
the
security
is
on
loan.
c
Denotes
securities
sold
under
Rule
144A
of
the
Securities
Act
of
1933,
which
exempts
them
from
registration.
These
securities
may
be
resold
to
other
dealers
in
the
program
or
to
other
qualified
institutional
buyers.
As
of
January
31,
2023,
the
value
of
these
investments
was
$7,767,944
or
1.6%
of
total
net
assets.
d
Security
is
valued
using
significant
unobservable
inputs.
Further
information
on
valuation
can
be
found
in
the
Notes
to
Financial
Statements.
The
following
table
presents
the
total
amount
of
securities
loaned
with
continuous
maturity,
by
type,
offset
by
the
gross
payable
upon
return
of
collateral
for
securities
loaned
by
Thrivent
Core
International
Equity
Fund
as
of
January
31,
2023:
Securities
Lending
Transactions
Common
Stock
$
1,682,615
Total
lending
$1,682,615
Gross
amount
payable
upon
return
of
collateral
for
securities
loaned
$1,744,594
Net
amounts
due
to
counterparty
$61,979
Definitions:
ADR
-
American
Depositary
Receipt,
which
are
certificates
for
an
underlying
foreign
security's
shares
held
by
an
issuing
U.S.
depository
bank.
REIT
-
Real
Estate
Investment
Trust
is
a
company
that
buys,
develops,
manages
and/or
sells
real
estate
assets.
Fair
Valuation
Measurements
The
following
table
is
a
summary
of
the
inputs
used,
as
of
January
31,
2023,
in
valuing
International
Equity
Fund's
assets
carried
at
fair
value.
Investments
in
Securities
Total
Level
1
Level
2
Level
3
Common
Stock
Communications
Services
19,288,949
–
19,288,949
–
Consumer
Discretionary
58,678,895
1,050,880
57,628,015
–
Consumer
Staples
32,009,999
30,303
31,979,696
–
Energy
37,755,848
–
37,755,848
–
Financials
90,370,784
336,793
90,033,991
–
Health
Care
64,928,134
237,322
64,690,812
–
Industrials
69,004,194
–
69,004,194
–
Information
Technology
45,684,614
6,091,023
39,593,591
–
Materials
42,523,537
226,265
42,297,267
5
Real
Estate
6,877,670
–
6,877,670
–
Utilities
7,396,704
–
7,396,704
–
Preferred
Stock
Consumer
Discretionary
4,329,463
–
4,329,463
–
Subtotal
Investments
in
Securities
$478,848,791
$7,972,586
$470,876,200
$5
Other
Investments *
Total
Affiliated
Short-Term
Investments
966,895
Collateral
Held
for
Securities
Loaned
1,744,594
Subtotal
Other
Investments
$2,711,489
Total
Investments
at
Value
$481,560,280
*
Certain
investments
are
measured
at
fair
value
using
a
net
asset
value
per
share
that
is
not
publicly
available
(practical
expedient). According
to
disclosure
requirements
of
Accounting
Standards
Codification
(ASC)
820,
Fair
Value
Measurement,
securities
valued
using
the
practical
expedient
are
not
classified
in
the
fair
value
hierarchy. The
fair
value
amounts
presented
in
this
table
are
intended
to
permit
reconciliation
of
the
fair
value
hierarchy
to
the
amounts
presented
in
the
Statement
of
Assets
and
Liabilities.
International
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Europe,
Australasia
and
Far
East
Intercontinental
Exchange
Morgan
Stanley
Capital
International
Other
Financial
Instruments
Total
Level
1
Level
2
Level
3
Asset
Derivatives
Futures
Contracts
300,759
300,759
–
–
Total
Asset
Derivatives
$300,759
$300,759
$–
$–
The
following
table
presents
International
Equity
Fund's
futures
contracts
held
as
of
January
31,
2023.
Investments
and/or
cash
totaling
$1,306,968
were
pledged
as
the
initial
margin
deposit
for
these
contracts.
Futures
Contracts
Description
Number
of
Contracts
Long/(Short)
Expiration
Date
Notional
Amount
Value
and
Unrealized
ICE
mini
MSCI
EAFE
Index
53
March
2023
$
5,314,591
$
300,759
Total
Futures
Long
Contracts
$
5,314,591
$
300,759
Total
Futures
Contracts
$
5,314,591
$300,759
Investment
in
Affiliates
Affiliated
issuers,
as
defined
under
the
Investment
Company
Act
of
1940,
include
those
in
which
the
Fund's
holdings
of
an
issuer
represent
5%
or
more
of
the
outstanding
voting
securities
of
an
issuer,
any
affiliated
mutual
fund,
or
a
company
which
is
under
common
ownership
or
control
with
the
Fund.
The
Fund
owns
shares
of
Thrivent
Cash
Management
Trust
for
the
purpose
of
securities
lending
and
Thrivent
Core
Short-Term
Reserve
Fund,
a
series
of
Thrivent
Core
Funds,
primarily
to
serve
as
a
cash
sweep
vehicle
for
the
Fund.
Thrivent
Cash
Management
Trust
and
Thrivent
Core
Funds
are
established
solely
for
investment
by
Thrivent
entities.
A
summary
of
transactions
(in
thousands;
values
shown
as
zero
are
less
than
$500)
for
the
fiscal
year
to
date,
in
International
Equity
Fund,
is
as
follows:
Fund
Value
10/31/2022
Gross
Purchases
Gross
Sales
Value
1/31/2023
Shares
Held
at
1/31/2023
%
of
Net
Assets
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$1,206
$24,379
$24,618
$967
97
0.2%
Total
Affiliated
Short-Term
Investments
1,206
967
0.2
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
3,639
12,437
14,331
1,745
1,745
0.3
Total
Collateral
Held
for
Securities
Loaned
3,639
1,745
0.3
Total
Value
$4,845
$2,712
Fund
Net
Realized
Gain/(Loss)
Change
in
Unrealized
Appreciation/
(Depreciation)
Distributions
of
Realized
Capital
Gains
Income
Earned
11/1/2022
-
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$–
$–
$–
$20
Total
Income/Non
Income
Cash
from
Affiliated
Investments
$20
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
–
–
–
20
Total
Affiliated
Income
from
Securities
Loaned,
Net
$20
Total
$–
$–
$–
Low
Volatility
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(
99.8%
)
Value
Communications
Services
(8.7%)
122,942
Activision
Blizzard,
Inc.
$
9,413,669
46,055
Alphabet,
Inc.,
Class
C
a
4,599,513
22,109
Charter
Communications,
Inc.
a
8,496,710
476,890
Comcast
Corporation
18,765,622
81,077
Electronic
Arts,
Inc.
10,432,988
76,115
T-Mobile
US,
Inc.
a
11,364,731
645,069
Verizon
Communications,
Inc.
26,815,518
11,380
Walt
Disney
Company
a
1,234,616
Total
91,123,367
Consumer
Discretionary
(4.7%)
48,808
Dollar
General
Corporation
11,401,549
18,764
Home
Depot,
Inc.
6,082,726
67,462
McDonald's
Corporation
18,039,339
24,020
Murphy
USA,
Inc.
6,534,160
12,683
Ulta
Beauty,
Inc.
a
6,518,555
Total
48,576,329
Consumer
Staples
(13.8%)
48,484
Church
&
Dwight
Company,
Inc.
3,920,416
166,763
Coca-Cola
Company
10,225,907
56,921
Colgate-Palmolive
Company
4,242,322
7,550
Costco
Wholesale
Corporation
3,859,107
3,561
Flowers
Foods,
Inc.
98,604
90,371
General
Mills,
Inc.
7,081,472
18,322
Hershey
Company
4,115,121
288,612
Kellogg
Company
19,793,011
80,989
Kraft
Heinz
Company
3,282,484
551,189
Kroger
Company
24,599,565
26,154
Lancaster
Colony
Corporation
5,019,214
326,586
Mondelez
International,
Inc.
21,371,788
76,401
PepsiCo,
Inc.
13,066,099
18,301
Post
Holdings,
Inc.
a
1,737,680
86,375
Procter
&
Gamble
Company
12,298,073
62,737
Walmart,
Inc.
9,025,972
Total
143,736,835
Energy
(1.4%)
45,804
Phillips
66
4,592,767
324,685
Williams
Companies,
Inc.
10,467,844
Total
15,060,611
Financials
(9.1%)
5,508
AMERISAFE,
Inc.
303,381
24,433
Aon
plc
7,786,309
45,811
Arthur
J.
Gallagher
&
Company
8,966,129
30,227
Banc
of
California,
Inc.
526,554
32,803
Berkshire
Hathaway,
Inc.
a
10,218,791
6,462
BlackRock,
Inc.
4,906,015
106,382
Cboe
Global
Markets,
Inc.
13,072,220
5,484
Citigroup,
Inc.
286,375
9,292
Customers
Bancorp,
Inc.
a
282,198
16,784
Employers
Holdings,
Inc.
736,314
18,299
FactSet
Research
Systems,
Inc.
7,739,379
3,778
Financial
Institutions,
Inc.
93,354
142,874
Hartford
Financial
Services
Group,
Inc.
11,088,451
4,186
Hometrust
Bancshares,
Inc.
113,022
82
Lakeland
Financial
Corporation
5,798
407
MarketAxess
Holdings,
Inc.
148,087
2,407
Marsh
&
McLennan
Companies,
Inc.
421,008
22,106
Moody's
Corporation
7,134,712
188,337
Nasdaq,
Inc.
11,336,004
32,847
NMI
Holdings,
Inc.
a
763,036
Shares
Common
Stock
(99.8%)
Value
Financials
(9.1%)
-
continued
2,601
Progressive
Corporation
$
354,646
3,698
Safety
Insurance
Group,
Inc.
312,074
31,830
T.
Rowe
Price
Group,
Inc.
3,707,240
57,438
W.R.
Berkley
Corporation
4,028,701
Total
94,329,798
Health
Care
(20.1%)
149,190
Abbott
Laboratories
16,492,954
127,491
Allogene
Therapeutics,
Inc.
a,b
984,230
29,787
Amgen,
Inc.
7,518,239
20,264
AMN
Healthcare
Services,
Inc.
a
1,942,102
238,850
Baxter
International,
Inc.
10,913,056
25,282
Biogen,
Inc.
a
7,354,534
2,866
Bio-Rad
Laboratories,
Inc.
a
1,339,740
195,652
Bristol-Myers
Squibb
Company
14,214,118
9,413
Danaher
Corporation
2,488,609
26,571
Eli
Lilly
and
Company
9,144,410
181,384
Gilead
Sciences,
Inc.
15,225,373
48,948
Hologic,
Inc.
a
3,982,899
179,405
Johnson
&
Johnson
29,318,365
289,103
Merck
&
Company,
Inc.
31,052,553
22,932
Regeneron
Pharmaceuticals,
Inc.
a
17,393,234
2,764
Thermo
Fisher
Scientific,
Inc.
1,576,392
19,293
UnitedHealth
Group,
Inc.
9,630,873
66,159
Vertex
Pharmaceuticals,
Inc.
a
21,375,973
21,719
Waters
Corporation
a
7,136,429
Total
209,084,083
Industrials
(11.4%)
57,180
3M
Company
6,580,274
75,043
Booz
Allen
Hamilton
Holding
Corporation
7,102,070
13,121
Cintas
Corporation
5,822,313
219,557
CSX
Corporation
6,788,702
69,201
Expeditors
International
of
Washington,
Inc.
7,484,088
30,643
IDEX
Corporation
7,344,514
9,227
L3Harris
Technologies,
Inc.
1,982,144
17,662
Northrop
Grumman
Corporation
7,913,283
2,765
Old
Dominion
Freight
Line,
Inc.
921,409
175,641
Pentair
plc
9,726,999
51,601
Republic
Services,
Inc.
6,440,837
40,202
United
Parcel
Service,
Inc.
7,446,616
70,719
Verisk
Analytics,
Inc.
12,856,007
21,241
Waste
Connections,
Inc.
2,822,929
175,877
Waste
Management,
Inc.
27,213,448
Total
118,445,633
Information
Technology
(19.6%)
8,695
Accenture
plc
2,426,340
18,340
Adobe,
Inc.
a
6,792,036
49,887
Adtran
Holdings,
Inc.
941,368
80,360
Apple,
Inc.
11,595,144
82,581
Arista
Networks,
Inc.
a
10,406,858
46,525
Automatic
Data
Processing,
Inc.
10,505,810
12,876
Cadence
Design
Systems,
Inc.
a
2,354,119
371,223
Cisco
Systems,
Inc.
18,067,423
125,746
Fiserv,
Inc.
a
13,414,583
27,426
Fortinet,
Inc.
a
1,435,477
67,063
Global
Payments,
Inc.
7,559,341
58,263
International
Business
Machines
Corporation
7,849,774
31,902
Jack
Henry
&
Associates,
Inc.
5,745,231
110,653
Keysight
Technologies,
Inc.
a
19,845,616
40,708
Mastercard,
Inc.
15,086,385
Low
Volatility
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(99.8%)
Value
Information
Technology
(19.6%)
-
continued
13,427
Microsoft
Corporation
$
3,327,345
39,335
Motorola
Solutions,
Inc.
10,109,488
32,137
Oracle
Corporation
2,842,839
50,388
Paychex,
Inc.
5,837,954
29,784
Paycom
Software,
Inc.
a
9,648,229
4,146
Salesforce,
Inc.
a
696,404
16,406
Silicon
Laboratories,
Inc.
a
2,574,265
26,651
Skyworks
Solutions,
Inc.
2,922,815
116,482
Texas
Instruments,
Inc.
20,641,775
5,917
Tyler
Technologies,
Inc.
a
1,909,830
18,177
VeriSign,
Inc.
a
3,963,495
22,370
Visa,
Inc.
5,149,798
Total
203,649,742
Materials
(1.6%)
219
Celanese
Corporation
26,981
6,949
CF
Industries
Holdings,
Inc.
588,580
306,490
Newmont
Corporation
16,222,516
Total
16,838,077
Real
Estate
(1.4%)
40,401
National
Storage
Affiliates
Trust
1,648,361
41,643
Public
Storage,
Inc.
12,673,630
Total
14,321,991
Utilities
(8.0%)
39,994
Avista
Corporation
1,595,761
210,422
Consolidated
Edison,
Inc.
20,055,321
57,308
Dominion
Energy,
Inc.
3,647,081
142,905
Duke
Energy
Corporation
14,640,617
66,214
Edison
International,
Inc.
4,562,145
86,498
Entergy
Corporation
9,366,003
153,538
Evergy,
Inc.
9,619,156
288,674
NiSource,
Inc.
8,010,704
40,313
NorthWestern
Corporation
2,289,778
61,212
OGE
Energy
Corporation
2,406,856
10,057
Pinnacle
West
Capital
Corporation
749,749
37,858
Sempra
Energy
6,069,773
Total
83,012,944
Total
Common
Stock
(cost
$930,307,991)
1,038,179,410
Shares
Collateral
Held
for
Securities
Loaned
(
0.1%
)
Value
830,025
Thrivent
Cash
Management
Trust
830,025
Total
Collateral
Held
for
Securities
Loaned
(cost
$830,025)
830,025
Shares
Short-Term
Investments
(
0.1%
)
Value
Thrivent
Core
Short-Term
Reserve
Fund
129,570
4.830%
1,295,698
Total
Short-Term
Investments
(cost
$1,295,698)
1,295,698
Total
Investments
(cost
$932,433,714)
100.0%
$1,040,305,133
Other
Assets
and
Liabilities,
Net
<0.1%
157,929
Total
Net
Assets
100.0%
$1,040,463,062
a
Non-income
producing
security.
b
All
or
a
portion
of
the
security
is
on
loan.
The
following
table
presents
the
total
amount
of
securities
loaned
with
continuous
maturity,
by
type,
offset
by
the
gross
payable
upon
return
of
collateral
for
securities
loaned
by
Thrivent
Core
Low
Volatility
Equity
Fund
as
of
January
31,
2023:
Securities
Lending
Transactions
Common
Stock
$
788,212
Total
lending
$788,212
Gross
amount
payable
upon
return
of
collateral
for
securities
loaned
$830,025
Net
amounts
due
to
counterparty
$41,813
Low
Volatility
Equity
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Fair
Valuation
Measurements
The
following
table
is
a
summary
of
the
inputs
used,
as
of
January
31,
2023,
in
valuing
Low
Volatility
Equity
Fund's
assets
carried
at
fair
value.
Investments
in
Securities
Total
Level
1
Level
2
Level
3
Common
Stock
Communications
Services
91,123,367
91,123,367
–
–
Consumer
Discretionary
48,576,329
48,576,329
–
–
Consumer
Staples
143,736,835
143,736,835
–
–
Energy
15,060,611
15,060,611
–
–
Financials
94,329,798
94,329,798
–
–
Health
Care
209,084,083
209,084,083
–
–
Industrials
118,445,633
118,445,633
–
–
Information
Technology
203,649,742
203,649,742
–
–
Materials
16,838,077
16,838,077
–
–
Real
Estate
14,321,991
14,321,991
–
–
Utilities
83,012,944
83,012,944
–
–
Subtotal
Investments
in
Securities
$1,038,179,410
$1,038,179,410
$–
$–
Other
Investments *
Total
Affiliated
Short-Term
Investments
1,295,698
Collateral
Held
for
Securities
Loaned
830,025
Subtotal
Other
Investments
$2,125,723
Total
Investments
at
Value
$1,040,305,133
*
Certain
investments
are
measured
at
fair
value
using
a
net
asset
value
per
share
that
is
not
publicly
available
(practical
expedient). According
to
disclosure
requirements
of
Accounting
Standards
Codification
(ASC)
820,
Fair
Value
Measurement,
securities
valued
using
the
practical
expedient
are
not
classified
in
the
fair
value
hierarchy. The
fair
value
amounts
presented
in
this
table
are
intended
to
permit
reconciliation
of
the
fair
value
hierarchy
to
the
amounts
presented
in
the
Statement
of
Assets
and
Liabilities.
Investment
in
Affiliates
Affiliated
issuers,
as
defined
under
the
Investment
Company
Act
of
1940,
include
those
in
which
the
Fund's
holdings
of
an
issuer
represent
5%
or
more
of
the
outstanding
voting
securities
of
an
issuer,
any
affiliated
mutual
fund,
or
a
company
which
is
under
common
ownership
or
control
with
the
Fund.
The
Fund
owns
shares
of
Thrivent
Cash
Management
Trust
for
the
purpose
of
securities
lending
and
Thrivent
Core
Short-Term
Reserve
Fund,
a
series
of
Thrivent
Core
Funds,
primarily
to
serve
as
a
cash
sweep
vehicle
for
the
Fund.
Thrivent
Cash
Management
Trust
and
Thrivent
Core
Funds
are
established
solely
for
investment
by
Thrivent
entities.
A
summary
of
transactions
(in
thousands;
values
shown
as
zero
are
less
than
$500)
for
the
fiscal
year
to
date,
in
Low
Volatility
Equity
Fund,
is
as
follows:
Fund
Value
10/31/2022
Gross
Purchases
Gross
Sales
Value
1/31/2023
Shares
Held
at
1/31/2023
%
of
Net
Assets
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$1,086
$9,291
$
9,081
$1,296
130
0.1%
Total
Affiliated
Short-Term
Investments
1,086
1,296
0.1
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
–
2,488
1,658
830
830
0.1
Total
Collateral
Held
for
Securities
Loaned
–
830
0.1
Total
Value
$1,086
$2,126
Fund
Net
Realized
Gain/(Loss)
Change
in
Unrealized
Appreciation/
(Depreciation)
Distributions
of
Realized
Capital
Gains
Income
Earned
11/1/2022
-
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$–
$–
$–
$23
Total
Income/Non
Income
Cash
from
Affiliated
Investments
$23
Collateral
Held
for
Securities
Loaned
Cash
Management
Trust-
Collateral
Investment
–
–
–
0
Total
Affiliated
Income
from
Securities
Loaned,
Net
$0
Total
$–
$–
$
–
Short-Term
Reserve
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Asset-Backed
Securities
(
0.7%
)
a
Value
Enterprise
Fleet
Financing,
LLC
$
10,420,351
5.148% ,11/20/2023,
Ser.
2022-4
b
$
10,416,769
Westlake
Automobile
Receivables
Trust
20,000,000
5.046% ,1/16/2024,
Ser.
2023-1A
b
20,004,844
Total
30,421,613
Principal
Amount
Basic
Materials
(
1.5%
)
a
Value
BASF
SE
25,000,000
4.750% ,3/29/2023
b
24,810,713
Nutrien,
Ltd.
20,000,000
4.820% ,2/22/2023
b
19,941,810
20,000,000
4.800% ,3/8/2023
b
19,904,120
Total
64,656,643
Principal
Amount
Capital
Goods
(
5.1%
)
a
Value
Amcor
Finance
USA,
Inc.
25,000,000
4.900% ,2/2/2023
b,c
24,993,542
25,000,000
4.800% ,2/6/2023
b,c
24,980,125
Amcor
Flexibles
North
America,
Inc.
22,000,000
4.800% ,2/3/2023
b,c
21,991,546
9,000,000
4.770% ,2/14/2023
b,c
8,983,077
Caterpillar
Financial
Services
Corporation
19,809,000
5.116%
(LIBOR
3M
+
0.510%),5/15/2023
d
19,822,754
John
Deere
Canada,
ULC
15,000,000
4.360% ,2/6/2023
b,c
14,988,935
20,000,000
4.380% ,2/13/2023
b,c
19,967,782
John
Deere
Capital
Corporation
12,471,000
5.273%
(LIBOR
3M
+
0.550%),6/7/2023
d
12,481,511
19,450,000
4.420%
(SOFRRATE
+
0.120%),7/10/2023
d
19,431,340
Parker-Hannifin
Corporation
25,000,000
4.880% ,2/16/2023
b
24,948,489
5,000,000
4.850% ,3/3/2023
b
4,979,777
Waste
Management,
Inc.
25,000,000
4.880% ,2/16/2023
b,c
24,947,645
Total
222,516,523
Principal
Amount
Communications
Services
(
0.7%
)
a
Value
AT&T,
Inc.
25,300,000
4.850% ,3/29/2023
b
25,106,198
5,000,000
4.850% ,3/30/2023
b
4,960,995
Total
30,067,193
Principal
Amount
Consumer
Cyclical
(
14.9%
)
a
Value
American
Honda
Finance
Corporation
25,000,000
4.750% ,2/3/2023
c
24,990,331
25,000,000
4.820% ,2/10/2023
c
24,966,986
25,000,000
4.860% ,2/13/2023
c
24,957,046
25,000,000
4.780% ,2/16/2023
c
24,947,089
25,000,000
4.870% ,3/27/2023
c
24,815,521
25,000,000
4.950% ,4/10/2023
c
24,765,448
BMW
US
Capital,
LLC
14,075,000
3.800% ,4/6/2023
b
14,050,045
Principal
Amount
Consumer
Cyclical
(14.9%)
a
Value
Charta,
LLC
$
25,000,000
4.700% ,3/7/2023
b,c
$
24,888,875
10,000,000
4.820% ,4/6/2023
b,c
9,916,168
8,000,000
4.800% ,5/12/2023
b,c
7,893,299
Hyundai
Capital
America
25,000,000
4.700% ,2/6/2023
b,c
24,980,496
26,000,000
4.690% ,2/7/2023
b,c
25,976,188
25,000,000
4.680% ,2/10/2023
b,c
24,967,236
25,000,000
4.760% ,2/22/2023
b,c
24,927,430
25,000,000
4.850% ,2/27/2023
b,c
24,910,713
19,129,000
0.800% ,4/3/2023
b
18,997,584
Mercedes-Benz
Finance
North
America,
LLC
25,000,000
4.540% ,2/1/2023
b,c
24,996,848
25,000,000
4.670% ,2/8/2023
b,c
24,973,817
25,000,000
4.670% ,2/10/2023
b,c
24,967,236
Toyota
Credit
Canada,
Inc.
25,000,000
4.610% ,2/28/2023
c
24,911,333
25,000,000
4.640% ,3/7/2023
c
24,888,511
25,000,000
4.670% ,3/14/2023
c
24,865,542
20,000,000
4.950% ,5/5/2023
c
19,751,422
Toyota
Motor
Credit
Corporation
10,000,000
5.050%
(SOFRRATE
+
0.750%),12/11/2023
d
10,025,640
VW
Credit,
Inc.
25,000,000
4.720% ,2/3/2023
b,c
24,990,425
4,307,000
4.750% ,3/6/2023
b,c
4,287,544
24,550,000
4.850% ,3/9/2023
b,c
24,429,063
25,000,000
4.808% ,3/10/2023
b,c
24,873,413
11,000,000
4.870% ,3/13/2023
b,c
10,939,779
15,000,000
4.830% ,3/24/2023
b,c
14,895,068
20,000,000
4.850% ,3/27/2023
b,c
19,851,714
Total
654,597,810
Principal
Amount
Consumer
Non-Cyclical
(
6.4%
)
a
Value
AstraZeneca
plc
20,000,000
4.700% ,3/6/2023
b
19,911,732
25,000,000
4.700% ,3/13/2023
b
24,866,266
10,000,000
4.850% ,4/5/2023
b
9,915,218
Avery
Dennison
Corporation
7,850,000
4.970% ,3/28/2023
b
7,790,813
Merck
&
Company,
Inc.
10,000,000
2.800% ,5/18/2023
9,932,360
Mondelez
International,
Inc.
21,000,000
4.810% ,2/6/2023
b
20,983,616
21,000,000
4.810% ,2/7/2023
b
20,980,768
8,100,000
4.600% ,2/8/2023
b
8,091,531
25,000,000
4.750% ,2/28/2023
b
24,908,514
Philip
Morris
International,
Inc.
5,217,000
2.625% ,3/6/2023
5,206,790
Reckitt
Benckiser
Treasury
Services
plc
50,450,000
4.755% ,2/27/2023
b,c
50,272,731
25,000,000
4.920% ,3/23/2023
b,c
24,828,371
Roche
Holdings,
Inc.
25,000,000
4.630%
(SOFRRATE
+
0.330%),9/11/2023
b,d
25,001,495
Stanley
Black
&
Decker,
Inc.
13,430,000
4.500% ,2/23/2023
b
13,390,719
Zoetis,
Inc.
16,856,000
3.250% ,2/1/2023
16,856,000
Total
282,936,924
Short-Term
Reserve
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Energy
(
2.6%
)
a
Value
BP
Capital
Markets
plc
$
50,000,000
4.565% ,3/1/2023
b,c
$
49,812,950
Chevron
Corporation
5,000,000
1.141% ,5/11/2023
4,950,685
31,525,000
5.530%
(LIBOR
3M
+
0.900%),5/11/2023
d
31,616,123
Chevron
USA,
Inc.
25,000,000
4.850%
(LIBOR
3M
+
0.200%),8/11/2023
d
24,995,758
Exxon
Mobil
Corporation
5,000,000
2.726% ,3/1/2023
4,996,477
Total
116,371,993
Principal
Amount
Financials
(
32.3%
)
a
Value
ANZ
New
Zealand
International,
Ltd.
of
London
10,000,000
1.900% ,2/13/2023
b
9,990,337
Australia
&
New
Zealand
Banking
Group,
Ltd.
25,000,000
4.670%
(SOFRRATE
+
0.370%),4/28/2023
b,d
25,010,823
20,000,000
4.630%
(SOFRRATE
+
0.330%),7/5/2023
b,d
20,002,672
Bank
of
Montreal
6,287,000
4.980%
(SOFRINDX
+
0.680%),3/10/2023
d
6,289,450
Bank
of
Montreal
Chicago
15,000,000
4.800%
(SOFRRATE
+
0.500%),5/5/2023
d
15,011,750
Bank
of
Nova
Scotia
25,000,000
4.850%
(SOFRRATE
+
0.550%),5/22/2023
b,d
25,025,179
10,000,000
4.770%
(SOFRRATE
+
0.470%),10/5/2023
b,d
10,007,845
Bank
of
Nova
Scotia/Houston
25,000,000
4.820%
(SOFRRATE
+
0.520%),3/14/2023
d
25,010,766
Barclays
Bank
plc
25,000,000
4.780% ,5/15/2023
b,c
24,662,072
10,000,000
4.970% ,6/16/2023
b,c
9,817,382
Barton
Capital
SA
9,793,000
4.680% ,2/24/2023
b,c
9,763,229
25,000,000
4.660% ,3/21/2023
b,c
24,842,860
10,000,000
4.700% ,4/3/2023
b,c
9,919,366
BPCE
SA
4,906,000
4.750% ,5/8/2023
b
4,843,276
CAFCO,
LLC
25,000,000
4.750% ,3/23/2023
b,c
24,836,906
Chariot
Funding,
LLC
25,000,000
4.850%
(SOFRRATE
+
0.550%),2/1/2023
b,d
25,000,342
15,000,000
4.680% ,2/10/2023
b
14,981,325
25,000,000
4.600% ,3/6/2023
b
24,892,121
Ciesco,
LLC
15,000,000
4.850% ,5/4/2023
b,c
14,817,177
10,000,000
5.000% ,7/10/2023
b,c
9,782,356
Citibank
NA
25,000,000
4.750%
(SOFRRATE
+
0.450%),5/25/2023
d
25,012,960
Citigroup
Global
Markets
Holdings,
Inc./U.S.
25,000,000
5.080%
(SOFRRATE
+
0.780%),7/10/2023
d
25,017,633
Principal
Amount
Financials
(32.3%)
a
Value
Citigroup
Global
Markets,
Inc.
$
25,000,000
4.950%
(SOFRRATE
+
0.650%),9/21/2023
b,d
$
25,023,756
CRC
Funding,
LLC
10,000,000
4.800% ,5/19/2023
b,c
9,855,940
Credit
Agricole
SA/London
5,000,000
3.750% ,4/24/2023
b
4,986,563
Goldman
Sachs
Bank
USA/New
York,
NY
25,000,000
4.580%
(SOFRRATE
+
0.280%),2/3/2023
d
25,000,447
25,000,000
4.600%
(SOFRRATE
+
0.300%),2/17/2023
d
25,002,047
Goldman
Sachs
Group,
Inc.
25,309,000
5.442%
(LIBOR
3M
+
0.750%),2/23/2023
d
25,318,357
16,000,000
0.523% ,3/8/2023
15,930,566
GTA
Funding,
LLC
25,000,000
4.840% ,4/10/2023
b
24,776,852
10,000,000
4.950% ,5/12/2023
b
9,866,652
Healthpeak
Properties,
Inc.
25,000,000
5.060% ,2/7/2023
b
24,976,958
10,000,000
5.000% ,2/28/2023
b
9,962,706
Jupiter
Securitization
Company,
LLC
25,000,000
4.750%
(SOFRRATE
+
0.450%),4/6/2023
b,c,d
24,999,986
Liberty
Street
Funding,
LLC
10,000,000
4.850% ,3/28/2023
b,c
9,927,558
15,000,000
4.850% ,4/6/2023
b,c
14,873,115
20,000,000
4.845% ,4/12/2023
b,c
19,814,966
25,000,000
4.830% ,5/26/2023
b,c
24,612,514
LMA-Americas,
LLC
25,000,000
4.570% ,2/17/2023
b,c
24,946,733
Manhattan
Asset
Funding
Company,
LLC
5,975,000
4.850% ,5/10/2023
b,c
5,897,757
Mizuho
Bank,
Ltd.
25,000,000
5.100%
(SOFRRATE
+
0.800%),4/27/2023
d
25,039,746
MUFG
Bank,
Ltd.
15,000,000
4.840%
(SOFRRATE
+
0.540%),3/17/2023
d
15,006,977
National
Australia
Bank,
Ltd.
25,000,000
4.700%
(SOFRRATE
+
0.400%),2/24/2023
b,d
25,004,303
Nederlandse
Waterschapsbank
NV
15,000,000
4.555% ,3/9/2023
b
14,929,500
25,000,000
4.700% ,4/12/2023
b
24,770,680
10,000,000
4.650% ,4/13/2023
b
9,906,960
New
York
Life
Global
Funding
20,225,000
4.520%
(SOFRRATE
+
0.220%),2/2/2023
b,d
20,225,000
6,802,000
4.490%
(SOFRRATE
+
0.190%),6/30/2023
b,d
6,798,832
10,118,000
4.660%
(SOFRINDX
+
0.360%),10/21/2023
b,d
10,125,779
11,804,000
4.610%
(SOFRRATE
+
0.310%),4/26/2024
b,d
11,797,437
Nordea
Bank
Abp/New
York,
NY
25,000,000
4.880%
(SOFRRATE
+
0.580%),8/31/2023
d
25,045,375
Old
Line
Funding,
LLC
15,000,000
4.900% ,5/19/2023
b,c
14,784,720
Short-Term
Reserve
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
Financials
(32.3%)
a
Value
$
25,000,000
4.780%
(SOFRRATE
+
0.480%),6/21/2023
b,c,d
$
25,012,273
25,000,000
4.900% ,6/28/2023
b,c
24,494,847
25,000,000
4.650%
(SOFRRATE
+
0.350%),7/11/2023
b,c,d
25,002,205
25,000,000
4.640%
(SOFRRATE
+
0.340%),8/4/2023
b,c,d
24,999,999
Pacific
Life
Short
Term
Funding,
LLC
9,500,000
4.320% ,2/3/2023
b
9,496,563
8,600,000
4.650% ,3/2/2023
b
8,567,463
3,100,000
4.600% ,3/16/2023
b
3,082,673
8,500,000
4.740% ,3/31/2023
b
8,435,808
17,800,000
4.830% ,4/17/2023
b
17,625,151
Protective
Life
Corporation
15,000,000
4.700% ,2/2/2023
b
14,996,114
Royal
Bank
of
Canada
10,000,000
5.050%
(SOFRRATE
+
0.750%),7/27/2023
b,d
10,021,307
15,913,000
5.442%
(LIBOR
3M
+
0.660%),10/5/2023
d
15,920,548
13,910,000
4.600%
(SOFRINDX
+
0.300%),1/19/2024
d
13,877,690
Royal
Bank
of
Canada/New
York,
NY
15,000,000
4.800%
(SOFRRATE
+
0.500%),10/4/2023
b,d
15,020,850
Skandinaviska
Enskilda
Banken
AB
14,000,000
5.081%
(LIBOR
3M
+
0.320%),9/1/2023
b,d
13,993,813
Standard
Chartered
Bank/New
York
10,000,000
5.390% ,7/14/2023
10,017,781
Sumitomo
Mitsui
Banking
Corporation/New
York
25,000,000
4.700%
(SOFRRATE
+
0.400%),3/22/2023
d
25,005,344
15,000,000
4.730%
(SOFRRATE
+
0.430%),3/28/2023
d
15,004,505
Sumitomo
Mitsui
Trust
Bank,
Ltd./
New
York
25,000,000
4.780% ,2/28/2023
25,004,436
10,000,000
4.830% ,5/1/2023
10,001,182
15,000,000
4.580%
(SOFRRATE
+
0.280%),5/15/2023
d
15,004,743
Svenska
Handelsbanken/New
York,
NY
15,000,000
4.540%
(SOFRRATE
+
0.240%),2/15/2023
d
15,000,755
10,000,000
5.030%
(SOFRRATE
+
0.730%),8/3/2023
d
10,024,140
Toronto-Dominion
Bank
15,000,000
4.800%
(SOFRRATE
+
0.500%),3/6/2023
b,d
15,005,260
5,169,000
5.438%
(LIBOR
3M
+
0.640%),7/19/2023
d
5,178,161
Toronto-Dominion
Holdings
USA,
Inc.
15,000,000
4.550%
(SOFRRATE
+
0.250%),2/9/2023
d
15,000,473
15,000,000
4.780%
(FEDL
1M
+
0.450%),5/15/2023
d
15,010,494
15,000,000
4.950%
(SOFRRATE
+
0.650%),7/3/2023
d
15,026,971
Principal
Amount
Financials
(32.3%)
a
Value
Truist
Bank
$
11,000,000
5.010%
(SOFRRATE
+
0.730%),3/9/2023
d
$
11,007,084
9,055,000
4.500%
(SOFRRATE
+
0.200%),1/17/2024
d
9,031,680
UDR,
Inc.
15,000,000
4.710% ,2/16/2023
b,c
14,968,440
25,000,000
4.800% ,3/1/2023
b,c
24,903,998
Westpac
Banking
Corporation
5,000,000
5.326%
(LIBOR
3M
+
0.720%),5/15/2023
d
5,006,023
4,199,000
5.506%
(LIBOR
3M
+
0.770%),2/26/2024
d
4,204,786
Westpac
Banking
Corporation
NZ,
Ltd./London
16,174,000
4.804% ,3/27/2023
b,c
16,062,137
Total
1,419,762,306
Principal
Amount
Technology
(
0.9%
)
a
Value
Oracle
Corporation
27,960,000
4.740% ,2/23/2023
b
27,875,649
9,795,000
4.790% ,3/3/2023
b
9,755,071
Total
37,630,720
Principal
Amount
U.S.
Government
&
Agencies
(
7.0%
)
a
Value
Federal
Home
Loan
Bank
30,000,000
4.325%
(SOFRRATE
+
0.025%),2/6/2023
d
29,999,845
15,000,000
4.350%
(SOFRRATE
+
0.050%),2/27/2023
d
15,000,048
10,000,000
4.330%
(SOFRRATE
+
0.030%),2/28/2023
d
9,999,893
15,000,000
4.355%
(SOFRRATE
+
0.055%),3/10/2023
d
15,000,233
25,000,000
4.330%
(SOFRRATE
+
0.030%),3/21/2023
d
24,999,721
15,000,000
4.340%
(SOFRRATE
+
0.040%),3/27/2023
d
15,000,069
50,000,000
4.355%
(SOFRRATE
+
0.055%),4/3/2023
d
50,001,796
10,000,000
4.360%
(SOFRRATE
+
0.060%),4/18/2023
d
10,000,622
20,000,000
4.350%
(SOFRRATE
+
0.050%),6/27/2023
d
19,999,848
20,000,000
4.350%
(SOFRRATE
+
0.050%),6/27/2023
d
19,999,848
3,330,000
4.370%
(SOFRRATE
+
0.070%),12/14/2023
d
3,329,474
U.S.
International
Development
Finance
Corporation
9,764,617
4.900%
(T-BILL
3M
+
FLAT),2/7/2023
d
9,764,617
3,700,000
0.950% ,4/23/2023
3,763,873
3,111,109
4.550%
(T-BILL
3M
+
FLAT),5/15/2026
d
3,111,109
7,174,800
4.600%
(T-BILL
3M
+
FLAT),9/2/2031
d
7,174,800
11,752,136
4.550%
(T-BILL
3M
+
FLAT),3/15/2032
d
11,752,136
12,072,649
4.550%
(T-BILL
3M
+
FLAT),6/15/2032
d
12,072,649
Short-Term
Reserve
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Principal
Amount
U.S.
Government
&
Agencies
(7.0%)
a
Value
U.S.
Treasury
Notes
$
50,000,000
4.666%
(USBMMY
3M
+
0.037%),7/31/2024
d
$
49,982,488
Total
310,953,069
Principal
Amount
U.S.
Municipals
(
1.0%
)
a
Value
Austin,
TX
9,200,000
4.550% ,3/8/2023
c
9,200,000
California
State
20,010,000
4.520% ,3/2/2023
c
20,025,172
Los
Angeles
County
Metropolitan
Transportation
Auth.
15,000,000
4.550% ,3/2/2023
c
15,008,671
Total
44,233,843
Principal
Amount
Utilities
(
28.6%
)
a
Value
Ameren
Illinois
Company
25,000,000
4.750% ,2/21/2023
24,930,773
American
Electric
Power
Company,
Inc.
21,350,000
4.720% ,2/8/2023
b
21,327,639
25,000,000
4.850% ,2/15/2023
b
24,950,719
13,650,000
4.850% ,3/6/2023
b
13,588,339
15,000,000
4.800% ,3/13/2023
b
14,917,880
25,000,000
4.900% ,3/16/2023
b
24,852,814
25,000,000
5.000% ,3/27/2023
b
24,814,642
Baltimore
Gas
and
Electric
Company
25,000,000
4.800% ,2/27/2023
24,910,712
25,000,000
4.800% ,2/28/2023
24,907,347
CenterPoint
Energy,
Inc.
8,000,000
4.790% ,2/2/2023
b
7,997,961
10,000,000
4.800% ,2/6/2023
b
9,992,165
25,000,000
4.808% ,2/7/2023
b
24,977,007
9,750,000
4.750% ,2/9/2023
b
9,738,471
10,000,000
4.790% ,2/13/2023
b
9,982,916
18,700,000
4.760% ,2/14/2023
b
18,665,595
5,000,000
4.780% ,2/23/2023
b
4,984,820
20,000,000
4.780% ,2/27/2023
b
19,928,570
4,000,000
4.800% ,3/3/2023
b
3,983,560
15,000,000
4.800% ,3/9/2023
b
14,926,108
Consolidated
Edison
Company
of
New
York,
Inc.
25,000,000
4.670% ,2/15/2023
b
24,950,719
25,000,000
4.880% ,2/24/2023
b
24,920,867
25,000,000
4.750% ,3/1/2023
b
24,904,340
DTE
Electric
Company
25,000,000
4.620% ,2/9/2023
24,969,856
4,935,000
4.730% ,2/24/2023
4,919,264
DTE
Energy
Company
25,000,000
4.720% ,2/13/2023
b,c
24,957,335
Duke
Energy
Corporation
15,000,000
4.590% ,2/7/2023
b
14,986,321
14,873,000
4.670% ,2/16/2023
b
14,841,707
34,000,000
4.717% ,2/22/2023
b
33,901,305
Enbridge
US,
Inc.
24,750,000
4.930% ,2/1/2023
b,c
24,746,743
25,000,000
4.820% ,2/2/2023
b,c
24,993,383
25,000,000
4.820% ,2/21/2023
b,c
24,928,527
25,000,000
4.860% ,2/28/2023
b,c
24,904,567
Eversource
Energy
25,000,000
4.650% ,2/7/2023
b
24,977,785
25,000,000
4.630% ,2/8/2023
b
24,974,600
Principal
Amount
Utilities
(28.6%)
a
Value
$
25,000,000
4.720% ,2/24/2023
b
$
24,923,350
Florida
Power
&
Light
Company
25,905,000
4.550%
(SOFRINDX
+
0.250%),5/10/2023
d
25,878,572
ITC
Holdings
Corporation
6,000,000
4.750% ,2/8/2023
b
5,993,716
22,000,000
4.750% ,2/13/2023
b
21,962,455
19,600,000
4.780% ,2/17/2023
b
19,556,166
National
Rural
Utilities
Cooperative
Finance
Corporation
25,000,000
4.610% ,2/1/2023
24,997,003
20,500,000
4.750% ,2/14/2023
20,464,269
25,000,000
4.710% ,2/22/2023
24,931,311
Nextera
Energy
Capital
Holdings,
Inc.
25,000,000
4.630% ,2/6/2023
b,c
24,980,333
25,000,000
4.770% ,3/2/2023
b,c
24,900,625
8,940,000
4.810% ,3/6/2023
b,c
8,899,616
11,375,000
4.760% ,3/7/2023
b,c
11,322,060
25,000,000
4.780% ,3/9/2023
b,c
24,876,847
Northern
States
Power
Company/
MN
7,500,000
4.700% ,2/7/2023
b
7,493,131
PPL
Electric
Utilities
Corporation
25,000,000
4.974%
(LIBOR
3M
+
0.250%),9/28/2023
d
24,904,105
San
Diego
Gas
&
Electric
Company
7,810,000
4.700% ,2/8/2023
b
7,801,631
Sempra
Energy
15,000,000
4.700% ,2/14/2023
b
14,972,367
19,000,000
4.700% ,2/15/2023
b
18,962,467
Southern
Company
Gas
Capital
Corporation
16,895,000
4.720% ,2/16/2023
b,c
16,859,078
Southern
Power
Company
21,000,000
4.700% ,2/9/2023
b
20,975,246
TransCanada
PipeLines,
Ltd.
25,000,000
5.000% ,2/1/2023
b
24,996,848
25,000,000
4.910% ,2/2/2023
b
24,993,657
25,000,000
5.000% ,2/21/2023
b
24,930,773
11,500,000
5.000% ,2/22/2023
b
11,466,618
15,000,000
5.100% ,3/6/2023
b
14,932,241
Union
Electric
Company
15,000,000
4.630% ,2/6/2023
14,988,318
25,000,000
4.710% ,2/13/2023
24,957,497
25,000,000
4.750% ,2/21/2023
24,931,167
25,000,000
4.700% ,2/23/2023
24,924,579
Virginia
Electric
and
Power
Company
25,000,000
4.770% ,2/17/2023
24,945,848
Total
1,258,977,251
Total
Investments
(cost
$4,472,768,581)
101.7%
$4,473,125,888
Other
Assets
and
Liabilities,
Net
(1.7)%
(75,567,660)
Total
Net
Assets
100.0%
$4,397,558,228
Short-Term
Reserve
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
a
The
interest
rate
shown
reflects
the
yield.
b
Denotes
securities
sold
under
Rule
144A
of
the
Securities
Act
of
1933,
which
exempts
them
from
registration.
These
securities
may
be
resold
to
other
dealers
in
the
program
or
to
other
qualified
institutional
buyers.
As
of
January
31,
2023,
the
value
of
these
investments
was
$2,886,190,818
or
65.6%
of
total
net
assets.
c
Denotes
investments
that
benefit
from
credit
enhancement
or
liquidity
support
provided
by
a
third
party
bank,
institution
or
government.
d
Denotes
variable
rate
securities.
The
rate
shown
is
as
of
January
31,
2023.
The
rates
of
certain
variable
rate
securities
are
based
on
a
published
reference
rate
and
spread;
these
may
vary
by
security
and
the
reference
rate
and
spread
are
indicated
in
their
description. The
rates
of
other
variable
rate
securities
are
determined
by
the
issuer
or
agent
and
are
based
on
current
market
conditions. These
securities
do
not
indicate
a
reference
rate
and
spread
in
their
description.
Definitions:
Auth.
-
Authority
Ser.
-
Series
Reference
Rate
Index:
FEDL
1M
-
Federal
Funds
1
Month
Rate
LIBOR
3M
-
ICE
Libor
USD
Rate
3
Month
SOFRINDX
-
Secured
Overnight
Financing
Rate
Compounded
Index
SOFRRATE
-
Secured
Overnight
Financing
Rate
T-BILL
3M
-
U.
S.
Treasury
Bill
Rate
3
Month
USBMMY
3M
-
U.
S.
Treasury
Bill
Rate
3
Month
Money
Market
Yield
Fair
Valuation
Measurements
The
following
table
is
a
summary
of
the
inputs
used,
as
of
January
31,
2023,
in
valuing
Short-Term
Reserve
Fund's
assets
carried
at
fair
value.
Investments
in
Securities
Total
Level
1
Level
2
Level
3
Asset-Backed
Securities
30,421,613
–
30,421,613
–
Basic
Materials
64,656,643
–
64,656,643
–
Capital
Goods
222,516,523
–
222,516,523
–
Communications
Services
30,067,193
–
30,067,193
–
Consumer
Cyclical
654,597,810
–
654,597,810
–
Consumer
Non-Cyclical
282,936,924
–
282,936,924
–
Energy
116,371,993
–
116,371,993
–
Financials
1,419,762,306
–
1,419,762,306
–
Technology
37,630,720
–
37,630,720
–
U.S.
Government
&
Agencies
310,953,069
–
310,953,069
–
U.S.
Municipals
44,233,843
–
44,233,843
–
Utilities
1,258,977,251
–
1,258,977,251
–
Total
Investments
at
Value
$4,473,125,888
$–
$4,473,125,888
$–
Small
Cap
Value
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
Shares
Common
Stock
(
94.2%
)
Value
Communications
Services
(0.4%)
155,634
Imax
Corporation
a
$
2,645,778
Total
2,645,778
Consumer
Discretionary
(12.9%)
252,962
Cedar
Fair,
LP
10,609,226
737,959
Everi
Holdings,
Inc.
a
12,818,348
91,056
Grand
Canyon
Education,
Inc.
a
10,613,487
52,672
Lear
Corporation
7,678,524
81,056
Meritage
Homes
Corporation
a
8,728,921
79,270
Papa
John's
International,
Inc.
7,109,726
238,088
Tapestry,
Inc.
10,849,670
34,841
Wyndham
Hotels
&
Resorts,
Inc.
2,700,526
170,297
Zumiez,
Inc.
a
4,398,772
Total
75,507,200
Consumer
Staples
(4.5%)
29,740
Casey's
General
Stores,
Inc.
7,015,964
226,029
Hain
Celestial
Group,
Inc.
a
4,638,115
71,963
Lamb
Weston
Holdings,
Inc.
7,188,384
481,668
Primo
Water
Corporation
7,538,104
Total
26,380,567
Energy
(6.8%)
170,410
Helmerich
&
Payne,
Inc.
8,254,660
337,345
Magnolia
Oil
&
Gas
Corporation
7,964,716
587,012
NOV,
Inc.
14,346,573
650,798
TechnipFMC
plc
a
9,039,584
Total
39,605,533
Financials
(20.8%)
201,481
Banner
Corporation
13,062,013
508,757
Berkshire
Hills
Bancorp,
Inc.
15,796,905
284,709
Cadence
Bank
7,282,856
274,051
Columbia
Banking
System,
Inc.
8,470,916
413,445
Eastern
Bankshares,
Inc.
6,685,406
190,829
Equitable
Holdings,
Inc.
6,119,886
259,661
Federated
Hermes,
Inc.
10,204,677
778,200
First
Commonwealth
Financial
Corporation
11,447,322
50,283
Houlihan
Lokey,
Inc.
4,981,537
720,009
Old
National
Bancorp
12,600,158
100,314
RLI
Corporation
13,286,589
126,849
Wintrust
Financial
Corporation
11,602,878
Total
121,541,143
Health
Care
(5.8%)
89,990
Acadia
Healthcare
Company,
Inc.
a
7,560,960
229,218
Envista
Holdings
Corporation
a
8,937,210
73,941
Halozyme
Therapeutics,
Inc.
a
3,827,926
79,544
Ionis
Pharmaceuticals,
Inc.
a
3,171,419
183,755
NuVasive,
Inc.
a
8,379,228
57,354
Progyny,
Inc.
a
1,972,404
Total
33,849,147
Industrials
(17.5%)
243,263
AAR
Corporation
a
12,513,449
131,956
Air
Lease
Corporation
5,934,061
146,736
Barnes
Group,
Inc.
6,494,535
54,519
Crane
Holdings,
Company
6,319,297
39,274
Curtiss-Wright
Corporation
6,511,629
336,310
Dun
&
Bradstreet
Holdings,
Inc.
4,926,942
45,197
Forward
Air
Corporation
4,874,497
183,238
Greenbrier
Companies,
Inc.
5,665,719
153,502
IAA,
Inc.
a
6,405,639
Shares
Common
Stock
(94.2%)
Value
Industrials
(17.5%)
-
continued
163,326
Kirby
Corporation
a
$
11,560,214
158,421
ManpowerGroup,
Inc.
13,807,974
632,074
Resources
Connection,
Inc.
10,915,918
45,254
WESCO
International,
Inc.
a
6,743,299
Total
102,673,173
Information
Technology
(6.6%)
97,285
Ciena
Corporation
a
5,060,766
348,048
Knowles
Corporation
a
6,692,963
11,809
Littelfuse,
Inc.
3,031,252
89,214
MKS
Instruments,
Inc.
9,128,377
86,778
Plexus
Corporation
a
8,329,820
397,742
TTM
Technologies,
Inc.
a
6,252,504
Total
38,495,682
Materials
(9.7%)
75,295
AptarGroup,
Inc.
8,707,114
59,879
Ashland,
Inc.
6,542,978
134,164
Berry
Plastics
Group,
Inc.
8,281,944
211,348
Carpenter
Technology
Corporation
10,205,995
93,902
Compass
Minerals
International,
Inc.
4,381,467
113,202
Ingevity
Corporation
a
9,332,373
281,527
Summit
Materials,
Inc.
a
9,250,977
Total
56,702,848
Real
Estate
(6.4%)
99,014
Agree
Realty
Corporation
7,389,415
553,341
Cushman
and
Wakefield
plc
a
7,984,711
160,881
Healthcare
Realty
Trust,
Inc.
3,463,768
415,926
Independence
Realty
Trust,
Inc.
7,831,886
93,958
National
Storage
Affiliates
Trust
3,833,486
410,272
Pebblebrook
Hotel
Trust
6,728,461
Total
37,231,727
Utilities
(2.8%)
114,298
Black
Hills
Corporation
8,272,889
110,867
Spire,
Inc.
8,006,815
Total
16,279,704
Total
Common
Stock
(cost
$505,299,989)
550,912,502
Shares
Registered
Investment
Companies
(
2.9%
)
Value
Unaffiliated (2.9%)
111,811
iShares
Russell
2000
Value
Index
Fund
17,003,099
Total
17,003,099
Total
Registered
Investment
Companies
(cost
$16,243,163)
17,003,099
Shares
Short-Term
Investments
(
2.9%
)
Value
Thrivent
Core
Short-Term
Reserve
Fund
1,673,487
4.830%
16,734,869
Total
Short-Term
Investments
(cost
$16,734,870)
16,734,869
Total
Investments
(cost
$538,278,022)
100.0%
$584,650,470
Other
Assets
and
Liabilities,
Net
(<0.1%)
(168,533)
Total
Net
Assets
100.0%
$584,481,937
Small
Cap
Value
Fund
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
The
accompanying
Notes
to
Schedule
of
Investments
are
an
integral
part
of
this
schedule.
a
Non-income
producing
security.
Fair
Valuation
Measurements
The
following
table
is
a
summary
of
the
inputs
used,
as
of
January
31,
2023,
in
valuing
Small
Cap
Value
Fund's
assets
carried
at
fair
value.
Investments
in
Securities
Total
Level
1
Level
2
Level
3
Common
Stock
Communications
Services
2,645,778
2,645,778
–
–
Consumer
Discretionary
75,507,200
75,507,200
–
–
Consumer
Staples
26,380,567
26,380,567
–
–
Energy
39,605,533
39,605,533
–
–
Financials
121,541,143
121,541,143
–
–
Health
Care
33,849,147
33,849,147
–
–
Industrials
102,673,173
102,673,173
–
–
Information
Technology
38,495,682
38,495,682
–
–
Materials
56,702,848
56,702,848
–
–
Real
Estate
37,231,727
37,231,727
–
–
Utilities
16,279,704
16,279,704
–
–
Registered
Investment
Companies
Unaffiliated
17,003,099
17,003,099
–
–
Subtotal
Investments
in
Securities
$567,915,601
$567,915,601
$–
$–
Other
Investments *
Total
Affiliated
Short-Term
Investments
16,734,869
Subtotal
Other
Investments
$16,734,869
Total
Investments
at
Value
$584,650,470
*
Certain
investments
are
measured
at
fair
value
using
a
net
asset
value
per
share
that
is
not
publicly
available
(practical
expedient). According
to
disclosure
requirements
of
Accounting
Standards
Codification
(ASC)
820,
Fair
Value
Measurement,
securities
valued
using
the
practical
expedient
are
not
classified
in
the
fair
value
hierarchy. The
fair
value
amounts
presented
in
this
table
are
intended
to
permit
reconciliation
of
the
fair
value
hierarchy
to
the
amounts
presented
in
the
Statement
of
Assets
and
Liabilities.
Investment
in
Affiliates
Affiliated
issuers,
as
defined
under
the
Investment
Company
Act
of
1940,
include
those
in
which
the
Fund's
holdings
of
an
issuer
represent
5%
or
more
of
the
outstanding
voting
securities
of
an
issuer,
any
affiliated
mutual
fund,
or
a
company
which
is
under
common
ownership
or
control
with
the
Fund.
The
Fund
owns
shares
of
Thrivent
Core
Short-Term
Reserve
Fund,
a
series
of
Thrivent
Core
Funds,
primarily
to
serve
as
a
cash
sweep
vehicle
for
the
Fund.
Thrivent
Core
Funds
are
established
solely
for
investment
by
Thrivent
entities.
A
summary
of
transactions
(in
thousands;
values
shown
as
zero
are
less
than
$500)
for
the
fiscal
year
to
date,
in
Small
Cap
Value
Fund,
is
as
follows:
Fund
Value
10/31/2022
Gross
Purchases
Gross
Sales
Value
1/31/2023
Shares
Held
at
1/31/2023
%
of
Net
Assets
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$17,148
$19,528
$19,941
$16,735
1,673
2.9%
Total
Affiliated
Short-Term
Investments
17,148
16,735
2.9
Total
Value
$17,148
$16,735
Fund
Net
Realized
Gain/(Loss)
Change
in
Unrealized
Appreciation/
(Depreciation)
Distributions
of
Realized
Capital
Gains
Income
Earned
11/1/2022
-
1/31/2023
Affiliated
Short-Term
Investments
Core
Short-Term
Reserve,
4.830%
$–
$–
$–
$193
Total
Income/Non
Income
Cash
from
Affiliated
Investments
$193
Total
$–
$–
$–
Notes
to
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
SIGNIFICANT
ACCOUNTING
POLICIES
Valuation
of
Investments
—
The
Funds
record
their
investments
at
fair
value
using
market
quotations
when
they
are
readily
available
pursuant
to
Rule
2a-5.
The
Funds'
investments
are
recorded
at
fair
value
determined
in
good
faith
when
market
quotations
are
not
readily
available.
Securities
traded
on
U.S.
or
foreign
securities
exchanges
or
included
in
a
national
market
system
are
valued
at
the
last
sale
price
on
the
principal
exchange
as
of
the
close
of
regular
trading
on
such
exchange
or
the
official
closing
price
of
the
national
market
system. Over-the-counter
securities
and
listed
securities
for
which
no
price
is
readily
available
are
valued
at
the
current
bid
price
considered
best
to
represent
the
value
at
that
time.
Security
prices
are
based
on
quotes
that
are
obtained
from
an
independent
pricing
service
approved
by
the
Trust’s
Board
of
Trustees
(the
“Board”).
The
pricing
service,
in
determining
values
of
fixed-income
securities,
takes
into
consideration
such
factors
as
current
quotations
by
broker/dealers,
coupon,
maturity,
quality,
type
of
issue,
trading
characteristics,
and
other
yield
and
risk
factors
it
deems
relevant
in
determining
valuations.
Securities
which
cannot
be
valued
by
the
approved
pricing
service
are
valued
using
valuations
obtained
from
dealers
that
make
markets
in
the
securities.
Exchange-listed
options and
futures
contracts
are
valued
at
the
primary
exchange
settle
price.
Exchange
cleared
swap
agreements are
valued at the
clearinghouse
end
of
day
price.
Swap
agreements
not
cleared
on
exchanges will
be
valued at
the
mid-price
from
the
primary
approved pricing
service.
Forward
foreign
currency
exchange
contracts
are
marked-to-
market
based
upon
foreign
currency
exchange
rates
provided
by
the
pricing
service.
Investments
in
open-ended
mutual
funds
are
valued
at
the
net
asset
value
at
the
close
of
each
business
day.
Thrivent
Money
Market
Fund
seeks
to
maintain
a stable
net
asset
value
of
$1.00
per
share,
pursuant
to
procedures
established
by
the
Board,
and
generally
utilizes
the
amortized
cost
method.
Valuing securities
held
by
Thrivent
Money
Market
Fund
on
the
basis
of
amortized
cost
(which
approximates
market
value)
involves
a constant
amortization
of
premium
or
accretion
of discount
to
maturity.
The
Thrivent
Money
Market
Fund
will
not
value
a
security
at
amortized
cost,
but
will
instead
make
a
fair
value
determination
of
each
security,
if
it
determines
that
amortized
cost
is
not
approximately
the
same
as
the
fair
value
of
the
security.
The
Board
has
chosen
the
Funds'
investment
Adviser
as
the
valuation
designee,
responsible
for daily
valuation
of
the
Funds'
securities.
The
Adviser
has
formed
a
Valuation
Committee
(the
“Committee”)
that
is
responsible
for
overseeing
the
Funds'
valuation
policies
in
accordance
with
Valuation
Policies
and
Procedures.
The
Committee
meets
on
a
monthly
and
on
an
as-
needed
basis
to
review
price
challenges,
price
overrides,
stale
prices,
shadow
prices,
manual
prices,
money
market
pricing,
international
fair
valuation,
and
other
securities
requiring
fair
valuation.
The
Committee
monitors
for
significant
events
occurring
prior
to
the
close
of
trading
on
the
New
York
Stock
Exchange
that
could
have
a
material
impact
on
the
value
of
any
securities
that
are
held
by
the
Funds.
Examples
of
such
events
include
trading
halts,
national
news/events,
and
issuer-specific
developments.
If
the
Committee
decides
that
such
events
warrant
using
fair
value
estimates,
the
Committee
will
take
such
events
into
consideration
in
determining
the
fair
value
of
such
securities.
If
market
quotations
or
prices
are
not
readily
available
or
determined
to
be
unreliable,
the
securities
will
be
valued
at
fair
value
as
determined
in
good
faith
pursuant
to
procedures
adopted
by
the
Board.
In
accordance
with
U.S.
Generally
Accepted
Accounting
Principles
("GAAP"),
the
various
inputs
used
to
determine
the
fair
value
of
the
Funds’
investments
are
summarized
in
three
broad
levels. Level
1
includes
quoted
prices
in
active
markets
for
identical
securities,
typically
included
in
this
level
are
U.S.
equity
securities,
futures,
options
and
registered
investment
company
funds. Level
2
includes
other
significant
observable
inputs
such
as
quoted
prices
for
similar
securities,
interest
rates,
prepayment
speeds
and
credit
risk,
typically
included
in
this
level
are
fixed
income
securities,
international
securities,
swaps
and
forward
contracts. Level
3
includes
significant
unobservable
inputs
such
as
the
Adviser’s
own
assumptions
and
broker
evaluations
in
determining
the
fair
value
of
investments.
The
valuation
levels
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
these
securities
or
other
investments.
Investments
measured
using
net
asset
value
per
share
as
a
practical
expedient
for
fair
value
and
that
are
not
publicly
available
for
sale
are
not
categorized
within
the
fair
value
hierarchy.
Valuation
of
International
Securities
—
The
Funds
value
certain
foreign
securities
traded
on
foreign
exchanges
that
close
prior
to
the
close of
the
New
York
Stock
Exchange
using
a
fair
value
pricing
service.
The
fair
value
pricing
service
uses
a
multi-factor
model
that
may
take
into
account
the
local
close,
relevant
general
and
sector
indices,
currency
fluctuation,
prices
of
other
securities
(including
ADRs,
New
York
registered
shares,
and
ETFs),
and
futures,
as
applicable,
to
determine
price
adjustments
for
each
security
in
order
to
reflect
the
effects
of
post-closing
events.
The
Board
has
authorized
the
Adviser
to
make
fair
valuation
determinations
pursuant
to
policies
approved
by
the
Board.
Foreign
Denominated
Investments
—
Foreign
denominated
assets
and
currency
contracts
may
involve
more
risks
than
domestic
transactions
including
currency
risk,
political
and
economic
risk,
regulatory
risk,
and
market
risk.
Certain
Funds
may
also
invest
in
securities
of
companies
located
in
emerging
markets.
Future
economic
or
political
developments
could
adversely
affect
the
liquidity
or
value,
or
both,
of
such
securities.
Derivative
Financial
Instruments
— Certain
Funds
may
invest
in
derivatives,
a
category
that
includes
options,
futures,
swaps,
foreign
currency
forward
contracts
and
hybrid
instruments.
Derivatives
are
financial
instruments
whose
value
is
derived
from
another
security,
an
index
or
a
currency.
Each applicable
Fund
may
use
derivatives
for
hedging
(attempting
to
offset
a
potential
loss
in
one
position
by
establishing
an
interest
in
an
opposite
position).
This
includes
the
use
of
currency-based
derivatives to
manage
Notes
to
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
the
risk
of its
positions
in
foreign
securities.
Each applicable
Fund
may
also
use
derivatives
for
replication
of
a
certain
asset
class
or
speculation
(investing
for
potential
income
or
capital
gain).
These
contracts
may
be
transacted
on
an
exchange
or
over-the-counter
("OTC").
A
derivative
may
incur
a loss
if
the
value
of
the
derivative
decreases
due
to
an
unfavorable
change
in
the
market
rates
or
values
of
the
underlying
derivative.
Losses
can
also
occur
if
the
counterparty
does
not
perform
under
the
derivative.
A
Fund’s
risk
of
loss
from
the
counterparty
credit
risk
on
OTC
derivatives
is
generally
limited
to
the
aggregate
unrealized
gain
netted
against
any
collateral
held
by
such
Fund.
With
exchange
traded
futures
and
centrally
cleared
swaps,
there
is
minimal
counterparty
credit
risk
to
the
Funds
because
the
exchange’s
clearinghouse,
as
counterparty
to
such
derivatives,
guarantees
against
a
possible
default.
The
clearinghouse
stands
between
the
buyer
and
the
seller
of
the
derivative;
thus,
the
credit
risk
is
limited
to
the
failure
of
the
clearinghouse.
However,
credit
risk
still
exists
in
exchange
traded
futures
and
centrally
cleared
swaps
with
respect
to
initial
and
variation
margin
that
is
held
in
a
broker’s
customer
accounts.
While
brokers
are
required
to
segregate
customer
margin
from
their
own
assets,
in
the
event
that
a
broker
becomes
insolvent
or
goes
into
bankruptcy
and
at
that
time
there
is
a
shortfall
in
the
aggregate
amount
of
margin
held
by
the
broker
for
all
its
clients,
U.S.
bankruptcy
laws
will
typically
allocate
that
shortfall
on
a
pro-
rata
basis
across
all
the
broker’s
customers,
potentially
resulting
in
losses to
the
Funds.
Using
derivatives
to
hedge
can
guard
against
potential
risks,
but
it
also
adds
to
the
Funds'
expenses
and
can
eliminate
some
opportunities
for
gains.
In
addition,
a
derivative
used
for mitigating
exposure or
replication
may
not
accurately
track
the
value
of
the
underlying
asset.
Another
risk
with
derivatives
is
that
some
types
can
amplify
a
gain
or
loss,
potentially
earning
or
losing
substantially
more
money
than
the
actual
cost
of
the
derivative.
In
order
to
define
their
contractual
rights
and
to
secure
rights
that
will
help
the
Funds
mitigate
their
counterparty
risk,
the
Funds
may
enter
into
an
International
Swaps
and
Derivatives
Association,
Inc.
Master
Agreement
(“ISDA
Master
Agreement”)
or
similar
agreement
with
its
derivative
contract
counterparties.
An
ISDA
Master
Agreement
is
a
bilateral
agreement
between
a
Fund
and
a
counterparty
that
governs
OTC
derivatives
and
foreign
exchange
contracts
and
typically
includes,
among
other
things,
collateral
posting
terms
and
netting
provisions
in
the
event
of
a
default
and/or
termination
event.
Under
an
ISDA
Master
Agreement,
each
Fund
may,
under
certain
circumstances,
offset
with
the
counterparty
certain
derivatives'
payables
and/or
receivables
with
collateral
held
and/or
posted
and
create
one
single
net
payment.
The
provisions
of
the
ISDA
Master
Agreement
typically
permit
a
single
net
payment
in
the
event
of
a
default
(close-out
netting)
including
the
bankruptcy
or
insolvency
of
the
counterparty.
Note,
however,
that
bankruptcy
and
insolvency
laws
of
a
particular
jurisdiction
may
impose
restrictions
on
or
prohibitions
against
the
right
of
offset
in
bankruptcy,
insolvency
or
other
events.
Collateral
and
margin
requirements
vary
by
type
of
derivative.
Margin
requirements
are
established
by
the
broker
or
clearinghouse
for
exchange
traded
and
centrally
cleared
derivatives
(futures,
options,
and
centrally
cleared
swaps).
Brokers
can
ask
for
margining
in
excess
of
the
minimum
requirements in
certain
situations.
Collateral
terms
are
contract
specific
for
OTC
derivatives
(foreign
currency
exchange
contracts,
options,
swaps).
For
derivatives
traded
under
an
ISDA
Master
Agreement,
the
collateral
requirements
are
typically
calculated
by
netting
the
mark
to
market
amount
for
each
transaction
under
such
agreement
and
comparing
that
amount
to
the
value
of
any
collateral
currently
pledged
by
the
Fund
and
the
counterparty.
For
financial
reporting
purposes,
non-cash
collateral
that
has
been
pledged
to
cover
obligations
of
the
Fund
has
been
noted
in
the
Schedule
of
Investments.
To
the
extent
amounts
due
to
the
Fund
from
its
counterparties
are
not
fully
collateralized,
contractually
or
otherwise,
the
Fund
bears
the
risk
of
loss
from
counterparty
nonperformance.
The
Funds
attempt
to
mitigate
counterparty
risk
by
only
entering
into
agreements
with
counterparties
that
they
believe
have
the
financial
resources
to
honor
their
obligations
and
by
monitoring
the
financial
stability
of
those
counterparties.
Futures
Contracts
— Certain
Funds may
use
futures
contracts
to
manage
the
exposure
to
interest
rate
and
market
or
currency
fluctuations.
Gains
or
losses
on
futures
contracts
can
offset
changes
in
the
yield
of
securities.
When
a
futures
contract
is
opened,
cash
or
other
investments
equal
to
the
required
“initial
margin
deposit”
are
held
on
deposit
with
and
pledged
to
the
broker.
Additional
securities
held
by
the
Funds
may
be
earmarked
to
cover
open
futures
contracts.
The
futures
contract’s
daily
change
in
value
(“variation
margin”)
is
either
paid
to
or
received
from
the
broker,
and
is
recorded
as
an
unrealized
gain
or
loss.
When
the
contract
is
closed,
realized
gain
or
loss
is
recorded
equal
to
the
difference
between
the
value
of
the
contract
when
opened
and
the
value
of
the
contract
when
closed.
Futures
contracts
involve,
to
varying
degrees,
risk
of
loss
in
excess
of
the
variation
margin
disclosed
in
the
Statement
of
Assets
and
Liabilities.
Exchange-traded
futures
have
no
significant
counterparty
risk
as
the
exchange
guarantees
the
contracts
against
default.
During
the period ended January
31,
2023,
Core
Emerging
Markets
Equity
and
Core
International
Equity used
equity
futures
to
manage
exposure
to
the
equities
market.
For
financial
reporting
purposes,
the
Funds
do
not
offset
derivative
assets
and
derivative
liabilities
that
are
subject
to
netting
arrangements
in
the
Statement
of
Assets
and
Liabilities.
Securities
Lending
—
The
Trust
has
entered
into
a
Securities
Lending
Agreement
(the
“Agreement”)
with
Goldman
Sachs
Bank
USA,
doing
business
as
Goldman
Sachs Agency
Lending ("GSAL").
The
Agreement
authorizes
GSAL
to
lend
securities
to
authorized
borrowers
on
behalf
of
the
Funds.
Pursuant
to
the
Agreement, loaned
securities
are
typically
initially
collateralized equal
to
at
least
102%
of
the
market
value
of
U.S.
securities
and
105% of
the
market
value
of non-U.S.
securities.
Daily
market
fluctuations
could
cause
the
value
of
loaned
Notes
to
Schedule
of
Investments
as
of
January
31,
2023
(unaudited)
securities
to
be
more
or
less
than
the
value
of
the
collateral
received.
Any
additional
collateral
is
adjusted
and
settled
on
the
next
business
day.
The
Trust
has
the
ability
to
recall
the
loans
at
any
time
and
could
do
so
in
order
to
vote
proxies
or
sell
the
loaned
securities.
All
cash
collateral
received
is
invested
in
Thrivent
Cash
Management
Trust.
The
Funds
receive dividends
and
interest
that would
have
been
earned
on
the
securities
loaned
while
simultaneously
seeking
to
earn
income
on
the
investment
of
cash
collateral.
Amounts
earned
on
investments
in
Thrivent
Cash
Management
Trust,
net
of
rebates,
fees
paid
to
GSAL
for
services
provided
and
any
other
securities
lending
expenses,
are
included
in
affiliated income
from
securities
loaned,
net on
the
Statement
of
Operations.
By
investing
any
cash
collateral
it
receives
in
these
transactions,
a
Fund
could
realize
additional
gains
or
losses.
If
the
borrower
fails
to
return
the
securities
or
the
invested
collateral
has
declined
in
value, a
Fund
could
lose
money.
Generally,
in
the
event
of
borrower
default, a Fund
has
the
right
to
use
the
collateral
to
offset
any
losses
incurred.
However,
in
the
event a
Fund
is
delayed
or
prevented
from
exercising
its
right
to
dispose
of
the
collateral,
there
may
be
a
potential
loss.
Some
of
these
losses
may
be
indemnified
by
the
lending
agent.
As
of
January
31,
2023,
the
value
of
securities
on
loan
is
as
follows:
Additional
information
for
the
Funds’
policy
regarding
valuation
of
investments
and
other
significant
accounting
policies
can
be
obtained
by
referring
to
the
Funds’
most
recent
annual
or
semiannual
shareholder
report.
Fund
Securities
on
Loan
Emerging
Markets
Debt
$
6,108,878
Emerging
Markets
Equity
1,085,409
International
Equity
1,682,615
Low
Volatility
Equity
788,212