Consent
and
amendment
fees
are
accrued
as
income
when
the
changes
to
the
bank
loan
are
immaterial
and
to
capital
when
the
changes
are
material.
All
or
a
portion
of
these
bank
loan
commitments
may
be
unfunded.
A
Fund
is
obligated
to
fund
these
commitments
at
the
borrower’s
discretion.
Therefore,
the
Fund
must
have
funds
sufficient
to
cover
its
contractual
obligation.
These
unfunded
bank
loan
commitments,
which
are
marked-to-market
daily,
are
presented
in
the
Schedule
of
Investments
and
included
in
Payable
for
investments
purchased
on
a
delayed-delivery
basis
on
the
Statement
of
Assets
and
Liabilities.
As
of
January
30,
2026,
the
Funds
have
the
following
unfunded
bank
loan
commitments:
Private
Equity
Funds
—
Typically,
when
a
Fund
invests
in
a
Private
Equity Fund, it
makes
a
commitment
to
invest
a
specified
amount
of
capital
in
the
applicable
Private Equity
Fund.
The
capital
commitment
may
be
drawn
by
the
general
partner
of
the
Private
Equity Fund
either
all
at
once
or
through
a
series
of
capital
calls
at
the
discretion
of
the
general
partner.
Thus,
an
unfunded
capital
commitment
represents
the
portion
of
the
Fund’s
overall
capital
commitment
that
has
not
yet
been
called
by
the
general
partner.
Unfunded
commitments
may
subject
the
Fund
to
certain
risks.
For
example,
the
Fund
may
be
required
to:
liquidate
other
portfolio
investments,
potentially
at
inopportune
times,
to
obtain
the
cash
needed
to
satisfy
its
obligations
with
respect
to
a
capital
call
or
borrow
under
a
credit
facility
which
may
result
in
additional
expenses
to
the
Fund.
Management
recognizes
these
risks
as
potentially
detrimental
to
the
overall
strategy
and
so
the
Fund
will
generally
maintain
with
its
custodian
cash
and/or,
liquid
investments
having
an
aggregate
value
at
least
equal
to
the
par
value
of
unfunded
capital
commitments.
As
of
January
30,
2026, private equity capital
commitments
were
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/Borrower
Unfunded
Loan
Commitments
Thrivent
High
Yield
Fund
Chemours
Company,
Term
Loan
$854,775
Columbus
McKinnon
Corporation/NY,
Term
Loan
$1,195,200
E.W.
Scripps
Company,
Term
Loan
$931,200
Natgasoline
,
LLC,
Term
Loan
$1,596,674
Total
$4,577,849
Fund
Total
Commitments
Unfunded
Commitments
Percent
Funded
Aggressive
Allocation
$153,500,000
$92,850,554
39.51%
Moderate
Allocation
155,000,000
92,857,371
40.09%
Moderately
Aggressive
Allocation
190,500,000
114,986,303
39.64%
Moderately
Conservative
Allocation
29,000,000
17,556,855
39.46%