ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

Thrivent Financial for Lutherans's Holding History (CIK: 0000314984)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 177,552 Value ($000) $29 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 141,188 Value ($000) $23 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 101,997 Value ($000) $18 Avg Close $155.27 Range $108.50 - $173.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	177,552	$29	$154.95	$138.30 - $180.02
Q3 2025	141,188	$23	$178.28	$153.51 - $192.79
Q2 2025	101,997	$18	$155.27	$108.50 - $173.43