Top Ten Holdings

Thrivent Financial Variable Universal Life (AAL contract form #4213, 4214)

For more information on each portfolio, see the sales profiles.

---Select a subaccount--- ESG Index International Index Mid Cap Growth Mid Cap Value Aggressive Allocation Moderately Aggressive Allocation Moderate Allocation Moderately Conservative Allocation Healthcare Emerging Markets Equity Real Estate Securities Small Cap Growth Small Cap Stock Small Cap Index Mid Cap Stock Mid Cap Index Variable Life Account I International Equity Subaccount All Cap Large Cap Growth Large Cap Value Global Stock Large Cap Index Variable Life Account I Dynamic Allocation Subaccount Variable Life Account I Conservative Allocation Subaccount High Yield Variable Life Account I Multisector Bond Subaccount Income Government Bond Variable Life Account I Short-Term Bond Subaccount

Top Ten Holdings for
Partner All Cap Portfolio:  02/27/2026

Rank	Ticker	Security Name	Percentage of Assets
1	NVDA	NVIDIA Corporation	6.6
2	AAPL	Apple, Inc.	5.9
3	MSFT	Microsoft Corporation	4.4
4	MAGS	Roundhill Magnificent Seven ETF	4.1
5	AMZN	Amazon.com, Inc.	3.1
6	GOOGL	Alphabet, Inc., Class A	2.7
7	GOOG	Alphabet, Inc., Class C	2.2
8	META	Meta Platforms, Inc.	2.1
9	BRK/B	Berkshire Hathaway, Inc.	1.9
10	AVGO	Broadcom, Inc.	1.8

The top ten holdings are as of 02/27/2026 and may not be representative of the portfolio's current or future holdings. For equity portfolios, the top ten holdings do not include money market instruments or other cash equivalents.

Past performance is no indication of future results. Unit values are subject to fluctuation. Accumulation units, when redeemed, may be worth more or less than their original value.

Flexible Premium Variable Universal Life is an insurance product of Thrivent Financial for Lutherans and is distributed by Thrivent Investment Management Inc.

To receive a prospectus for Thrivent Financial Variable Universal Life, click here. The prospectus contains more complete information on charges and expenses. You should read the prospectus carefully before you invest or send money.

AAL Contract Form #4213 and #4214