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      <seriesName>THRIVENT GOVERNMENT BOND PORTFOLIO </seriesName>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corporation</name>
        <lei>N/A</lei>
        <title>Federal Home Loan Mortgage Corporation - REMIC</title>
        <cusip>3137AX2D4</cusip>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>United States Department of The Treasury</name>
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        <title>U.S. Treasury Bonds</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Morgan Stanley &amp; Co</name>
        <lei>N/A</lei>
        <title>CBOT U.S. Long Bond</title>
        <cusip>N/A</cusip>
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          <ticker value="USH0"/>
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        <units>NC</units>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CCM Futures, LLC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>United States Department of The Treasury</issuerName>
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      <invstOrSec>
        <name>Navient Corporation</name>
        <lei>549300WLW67V4O2Z6P70</lei>
        <title>SLM Student Loan Trust</title>
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          <isin value="US78445XAA46"/>
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        <balance>581347.98100000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>0.02192000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association - ACES</title>
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          <isin value="US3136AJB540"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <securityLending>
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      <invstOrSec>
        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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          <isin value="US912828YJ31"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
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      <invstOrSec>
        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds, TIPS</title>
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          <isin value="US912810RW09"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.00875000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association - REMIC</title>
        <cusip>3136B04D5</cusip>
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          <isin value="US3136B04D50"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <isin value="US3136AXQN88"/>
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        <name>Preferred Term Securities Xxiii Ltd</name>
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        <name>Morgan Stanley &amp; Co</name>
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          <ticker value="UXYH0"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CCM Futures, LLC</counterpartyName>
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                <issuerName>United States Department of The Treasury</issuerName>
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        <name>United States Department of The Treasury</name>
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        <name>Federal Home Loan Banks Office of Finance</name>
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        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>United States Department of The Treasury</name>
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        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
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        <name>Trustees Of Dartmouth College</name>
        <lei>JVPL1XBV6YI9538FWQ05</lei>
        <title>Dartmouth College</title>
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        <name>Federal National Mortgage Association</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Farm Credit Banks Funding Corporation</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>African Development Bank</name>
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        <title>African Development Bank</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-09-20</maturityDt>
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        <name>Federal Home Loan Mortgage Corporation</name>
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          <isin value="US3132DV3J26"/>
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          <maturityDt>2049-07-01</maturityDt>
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      <invstOrSec>
        <name>Oesterreichische Kontrollbank AG</name>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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          <ticker value="01F02241"/>
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        <name>Federal National Mortgage Association</name>
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          <maturityDt>2043-01-25</maturityDt>
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      <invstOrSec>
        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Sweden</name>
        <lei>ERE94C0BSULG2RM19605</lei>
        <title>Sweden Government International Bond</title>
        <cusip>87020DAT1</cusip>
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        <invCountry>SE</invCountry>
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          <maturityDt>2020-03-24</maturityDt>
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        <name>Federal Home Loan Banks Office of Finance</name>
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        <title>Federal Home Loan Bank Discount Notes</title>
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        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Bonds</title>
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        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>United States Department of The Treasury</name>
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        <name>United States Department of The Treasury</name>
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        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
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        <name>Petroleos Mexicanos</name>
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        <name>Federal National Mortgage Association</name>
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        <name>European Investment Bank</name>
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        <name>United States Department of The Treasury</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>Export Development Canada</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Morgan Stanley &amp; Co</name>
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        <name>Federal Home Loan Mortgage Corporation</name>
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        <name>United States Department of The Treasury</name>
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        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Province of Quebec</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Wells Fargo &amp; Company</name>
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        <name>Kommunalbanken AS</name>
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        <name>Morgan Stanley &amp; Co</name>
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        <name>CPPIB Capital Inc.</name>
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        <name>United States Department of The Treasury</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Morgan Stanley &amp; Co</name>
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        <name>Federal National Mortgage Association</name>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>649589.83000000</valUSD>
        <pctVal>0.354661363769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-11</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.05960000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Department of The Treasury</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>U.S. Treasury Notes</title>
        <cusip>912828G38</cusip>
        <identifiers>
          <isin value="US912828G385"/>
        </identifiers>
        <balance>6850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>7022867.90000000</valUSD>
        <pctVal>3.834327127604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02250000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIT Group Inc.</name>
        <lei>N/A</lei>
        <title>IndyMac Seconds Asset-Backed Trust</title>
        <cusip>43709KAA7</cusip>
        <identifiers>
          <isin value="US43709KAA79"/>
        </identifiers>
        <balance>213258.93000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>117405.20000000</valUSD>
        <pctVal>0.064100585357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.02132000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>California Institute of Technology</name>
        <lei>549300CITPNHOTVPHC04</lei>
        <title>California Institute of Technology</title>
        <cusip>13034VAA2</cusip>
        <identifiers>
          <isin value="US13034VAA26"/>
        </identifiers>
        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304235.43000000</valUSD>
        <pctVal>0.166105667803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2111-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.04700000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>N/A</lei>
        <title>Federal National Mortgage Association - REMIC</title>
        <cusip>3136ANGJ0</cusip>
        <identifiers>
          <isin value="US3136ANGJ05"/>
        </identifiers>
        <balance>1977725.34600000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1954439.81000000</valUSD>
        <pctVal>1.067079957854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-CBDO</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.02000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Federal National Mortgage Association</title>
        <cusip>3140HRF73</cusip>
        <identifiers>
          <isin value="US3140HRF731"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2121795.80000000</valUSD>
        <pctVal>1.158452545458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.03830000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="For derivatives owned, if any, Unrealized Appreciation/Depreciation is reported as Value for future and swap type derivatives.  Actual security Value is reported for option type derivatives." noteItem="C.2.c"/>
      <explntrNote note="Data presented is directly from day-to-day accounting records of Fund used to calculate net asset value per share.  It does not reflect adjustments necessary to make data GAAP compliant, such as reclassifying prepaid expenses, expenses reimbursements, and/or any other related adjustments." noteItem="B.1.b"/>
      <explntrNote note="The daily NAV is calculated on a T+1 basis on most days. The current exception to this occurs on the fiscal quarter ends. On these fiscal quarter end dates, the NAV is calculated on a T+0 basis." noteItem="B.1.c"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-01-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Thrivent Series Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Sarah L. Bergstrom</ncom:signature>
      <ncom:signerName>Sarah L. Bergstrom</ncom:signerName>
      <ncom:title>Head of Fund Accounting &amp; Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
