July 31, 2026
State Street Bank and Trust Company
One Congress Street
Boston, MA 02114
Attention: Michael Hug
Re: Thrivent Large Cap Stock ETF and Thrivent Securitized Income ETF (each, a “Thrivent ETF Fund” or “Fund”)
Ladies and Gentlemen:
In accordance with Section 20.6.1, the Additional Fund provision of the Master Custodian Agreement dated as of December 1, 2017 (as amended, the “Agreement”) between each management investment company identified on Appendix A thereto and State Street Bank and Trust Company (“State Street”), each undersigned Thrivent ETF Fund hereby requests that your bank act as its Custodian under the terms of the Agreement. In connection with such request, each Thrivent ETF Fund hereby confirms to you, as of the date hereof, its representations and warranties set forth in Section 20.7.1 of the Agreement. An updated Appendix A to the Agreement reflecting the addition of the Thrivent ETF Funds is attached.
Kindly indicate your acceptance of the foregoing by signing below.
| Sincerely, EACH OF THE MANAGEMENT INVESTMENT COMPANIES AND SERIES SET FORTH ON APPENDIX A HERETO | ||
| By: | /s/ Sarah Bergstrom | |
| Name: Sarah Bergstrom | ||
| Title: Treasurer and Principal Accounting Officer | ||
Agreed and Accepted:
STATE STREET BANK AND TRUST COMPANY
| By: | /s/ Geoffrey Johnson | |
| Name: Geoffrey Johnson | ||
| Title: Managing Director | ||
| Effective Date: October 21, 2026 | ||
Information Classification: Limited Access
APPENDIX A
TO
Master Custodian Agreement
Updated as of July 31, 2026, and effective as of:
for addition of Thrivent ETF Funds – October 21, 2026
Management Investment Companies Registered with the SEC and Portfolios thereof, If Any
Thrivent Mutual Funds
Thrivent Conservative Allocation Fund (f/k/a Thrivent Diversified Income Plus Fund)
Thrivent Aggressive Allocation Fund
Thrivent Dynamic Allocation Fund (f/k/a Thrivent Balanced Income Plus Fund)
Thrivent Multisector Bond Fund (f/k/a Thrivent Opportunity Income Plus Fund)
Thrivent Government Bond Fund
Thrivent High Yield Fund
Thrivent Income Fund
Thrivent Large Cap Growth Fund
Thrivent Global Stock Fund (f/k/a Thrivent Large Cap Stock Fund)
Thrivent Large Cap Value Fund
Thrivent Short-Term Bond Fund (f/k/a Thrivent Limited Maturity Bond Fund)
Thrivent Mid Cap Growth Fund
Thrivent Mid Cap Stock Fund
Thrivent Moderate Allocation Fund
Thrivent Moderately Aggressive Allocation Fund
Thrivent Moderately Conservative Allocation Fund
Thrivent Money Market Fund
Thrivent Municipal Bond Fund
Thrivent International Equity Fund (f/k/a Thrivent International Allocation Fund)
Thrivent Small Cap Stock Fund
Thrivent Small Cap Growth Fund
Thrivent High Income Municipal Bond Fund
Thrivent Series Fund
Thrivent Aggressive Allocation Portfolio
Thrivent Dynamic Allocation Portfolio (f/k/a Thrivent Balanced Income Plus Portfolio)
Thrivent Government Bond Portfolio
Thrivent Conservative Allocation Portfolio (f/k/a Thrivent Diversified Income Plus Portfolio)
Thrivent ESG Index Portfolio
Thrivent High Yield Portfolio
Thrivent Income Portfolio
Thrivent Large Cap Growth Portfolio
Thrivent Large Cap Index Portfolio
Thrivent Global Stock Portfolio (f/k/a Thrivent Large Cap Stock Portfolio)
Thrivent Large Cap Value Portfolio
Thrivent Short-Term Bond Portfolio (f/k/a Thrivent Limited Maturity Bond Portfolio)
Thrivent Mid Cap Index Portfolio
Thrivent Mid Cap Stock Portfolio
Thrivent Moderate Allocation Portfolio
Thrivent Moderately Aggressive Allocation Portfolio
Thrivent Moderately Conservative Allocation Portfolio
Thrivent Money Market Portfolio
Thrivent Multisector Bond Portfolio (f/k/a Thrivent Opportunity Income Plus Portfolio)
Thrivent All Cap Portfolio (f/k/a Thrivent Partner All Cap Growth Portfolio)
Information Classification: Limited Access
Thrivent Emerging Markets Equity Portfolio
Thrivent Healthcare Portfolio
Thrivent International Equity Portfolio (f/k/a Thrivent International Allocation Portfolio)
Thrivent International Index Portfolio
Thrivent Mid Cap Growth Portfolio
Thrivent Mid Cap Value Portfolio
Thrivent Real Estate Securities Portfolio
Thrivent Small Cap Index Portfolio
Thrivent Small Cap Stock Portfolio
Thrivent Small Cap Growth Portfolio
Thrivent Core Funds
Thrivent Core Short-Term Reserve Fund
Thrivent Core Emerging Markets Debt Fund
Thrivent Core High Yield Bond Fund
Thrivent Core Investment Grade Corporate Bond Fund
Thrivent Core Emerging Markets Equity
Thrivent Cash Management Trust
Thrivent ETF Trust
Thrivent Small-Mid Cap Equity ETF (f/k/a Thrivent Small-Mid Cap ESG ETF)
Thrivent Core Plus Bond ETF
Thrivent Ultra Short Bond ETF
Thrivent Small Cap Value ETF
Thrivent Mid Cap Value ETF
Thrivent International Large Cap ETF
Thrivent International Small Cap ETF
Thrivent Securitized Income ETF
Thrivent Large Cap Stock ETF
Information Classification: Limited Access