THRIVENT INVESTMENT MANAGEMENT INC.

Reporter ID: TIMI • Quarter: 2026Q3 • Methodology: exq-3

Status: ACTIVE

Generated: Thu, 15 Oct 2026 22:39:19 GMT

Quarter:2026Q3

Covered Orders72,092Across all reported tiers

Covered Shares14,317,543In Q3 2026

Active Tiers58Order class × notional buckets

Routing Brokers0Disclosed in 606 filings

1. Amended Rule 605 Scorecard vs. Mix-Adjusted Peers — 2026-08

Execution metrics across order classes and the 24 notional × lot categories, benchmarked against what competing market centers delivered on identical symbols.

Class	Notional × Lot	Orders	Covered Sh	Fill Rate	PI Rate	NPI (bps)	Peer Bench (bps)	Coverage	Rank Pctl	Eff Spread	Speed <1s
Market	<$250 • Odd Lot	1,235	4,701	—	98.6%	6.0 bps	—	—	48th	—	98.9%
Market	<$250 • Round Lot	14	3,419	—	—	—	—	—	—	—	—
Market	$250–$999 • Odd Lot	6,975	93,185	—	97.0%	5.9 bps	—	—	66th	—	95.2%
Market	$250–$999 • Round Lot	60	17,275	—	—	—	—	—	—	—	—
Market	$1k–$5k • Odd Lot	18,231	674,291	—	96.6%	4.4 bps	—	—	60th	—	96.9%
Market	$1k–$5k • Round Lot	2,532	432,213	—	95.8%	7.5 bps	—	—	58th	—	94.9%
Market	$5k–$10k • Odd Lot	3,715	193,785	—	95.6%	2.6 bps	—	—	29th	—	97.9%
Market	$5k–$10k • Round Lot	5,565	1,172,478	—	94.9%	5.2 bps	—	—	63rd	—	94.6%
Market	$10k–$20k • Odd Lot	1,180	64,806	—	95.4%	2.2 bps	—	—	17th	—	98.3%
Market	$10k–$20k • Round Lot	5,748	1,816,620	—	96.6%	3.9 bps	—	—	55th	—	96.4%
Market	$20k–$50k • Odd Lot	213	12,267	—	95.0%	0.8 bps	—	—	3rd	—	100.0%
Market	$20k–$50k • Round Lot	4,947	2,802,236	—	95.9%	3.0 bps	—	—	48th	—	96.7%
Market	$50k–$200k • Round Lot	2,323	3,103,450	—	92.9%	2.2 bps	—	—	62nd	—	95.2%
Market	≥$200k • Round Lot	382	2,717,726	—	48.2%	-0.2 bps	—	—	54th	—	87.8%
Marketable Limit	<$250 • Odd Lot	2	16	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	4	112	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	10	286	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Round Lot	3	1,049	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Odd Lot	2	105	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Round Lot	8	2,310	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	3	1,311	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	6	7,604	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	10	50,984	—	—	—	—	—	—	—	—
Marketable Limit	≥$200k • Round Lot	4	462,466	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	6	42	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Round Lot	1	301	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	5	124	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	4	234	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Round Lot	2	570	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	3	1,757	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	3	4,142	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	6	20,522	—	—	—	—	—	—	—	—
Market	<$250 • Odd Lot	657	1,233	—	98.2%	3.3 bps	—	—	75th	—	99.4%
Market	$250–$999 • Odd Lot	4,584	17,773	—	96.4%	3.2 bps	—	—	69th	—	98.2%
Market	$1k–$5k • Odd Lot	8,736	110,200	—	96.8%	3.3 bps	—	—	77th	—	98.4%
Market	$1k–$5k • Round Lot	106	12,921	—	99.8%	2.4 bps	—	—	93rd	—	100.0%
Market	$5k–$10k • Odd Lot	2,275	65,789	—	96.5%	3.3 bps	—	—	78th	—	98.3%
Market	$5k–$10k • Round Lot	186	30,911	—	99.0%	2.4 bps	—	—	95th	—	99.4%
Market	$10k–$20k • Odd Lot	845	32,989	—	94.8%	3.5 bps	—	—	83rd	—	99.0%
Market	$10k–$20k • Round Lot	407	59,744	—	97.1%	2.5 bps	—	—	69th	—	97.8%
Market	$20k–$50k • Odd Lot	150	7,185	—	98.0%	3.8 bps	—	—	76th	—	99.1%
Market	$20k–$50k • Round Lot	627	110,385	—	97.5%	2.7 bps	—	—	73rd	—	99.1%
Market	$50k–$200k • Round Lot	233	99,077	—	99.0%	2.7 bps	—	—	74th	—	99.9%
Market	≥$200k • Round Lot	39	102,325	—	—	—	—	—	—	—	—
Marketable Limit	$250–$999 • Odd Lot	7	43	—	—	—	—	—	—	—	—
Marketable Limit	$1k–$5k • Odd Lot	3	25	—	—	—	—	—	—	—	—
Marketable Limit	$5k–$10k • Odd Lot	8	311	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Odd Lot	4	183	—	—	—	—	—	—	—	—
Marketable Limit	$10k–$20k • Round Lot	1	114	—	—	—	—	—	—	—	—
Marketable Limit	$20k–$50k • Round Lot	2	710	—	—	—	—	—	—	—	—
Marketable Limit	$50k–$200k • Round Lot	2	2,419	—	—	—	—	—	—	—	—
Non-Marketable Limit	<$250 • Odd Lot	1	1	—	—	—	—	—	—	—	—
Non-Marketable Limit	$250–$999 • Odd Lot	8	16	—	—	—	—	—	—	—	—
Non-Marketable Limit	$1k–$5k • Odd Lot	5	54	—	—	—	—	—	—	—	—
Non-Marketable Limit	$5k–$10k • Odd Lot	1	20	—	—	—	—	—	—	—	—
Non-Marketable Limit	$10k–$20k • Round Lot	1	168	—	—	—	—	—	—	—	—
Non-Marketable Limit	$20k–$50k • Round Lot	1	60	—	—	—	—	—	—	—	—
Non-Marketable Limit	$50k–$200k • Round Lot	1	500	—	—	—	—	—	—	—	—

2. Broker-Dealers Routing Here (Reverse 606 Index)

Firms directing customer order flow to this market center under SEC Rule 606(a), with route percentages and PFOF rates.

No broker-dealers identified routing flow to this market center in 2026Q3.

3. Rule 605 Report Files & Ingestion History

Published monthly execution quality data files crawled from vendor and exchange landing pages.

File Name	Month	Kind	Status	Fetched At	Source URL
TIMI202608.txt	202608	detailed	stored	2026-10-15T20:13:08.019795145+00:00	File Link ↗
timi202608.csv	202608	summary	too_large	2026-10-15T22:24:27.330+00:00	File Link ↗

4. Coverage Gaps & Review Limitations

Suppressed Cells

Tiers with < 100 covered orders

Missing Files

Months unretrievable

Methodological Caveats:

A venue's Rule 605 statistics describe all flow it handled, not this firm's orders.
606 route shares are per order, not per share, and list only the top 10 venues plus any venue with at least 5% of non-directed orders.
FINRA Rule 5310.09 also requires the firm's own order-level review of its executions.
This report is not legal or compliance advice.
Net price improvement is in basis points of executed notional (quote midpoint × shares). The PFOF comparison converts the difference to ¢/100 sh at the venue's average executed price; it is an estimate.
Brokers routing here reflect venue aliases as of the last crosswalk-venues run.

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