The Fund outperformed the Russell Mid Cap Growth Index over the last quarter due primarily to positive allocation effect.
Coherent, Monolithic Power, and Lattice Semiconductor had very strong quarterly earnings reports as well as positive forward estimate revisions which helped fuel material stock outperformance.
Ross Stores reported well above expected same store sales growth and provided forward guidance above consensus expectations.
During the quarter the Thrivent Mid Cap Growth Fund added 12 new positions across five sectors and exited 15 holdings across seven sectors.
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Executive Summary
The Fund outperformed the Russell Mid Cap Growth Index over the last quarter due primarily to positive allocation effect. Six of the eleven sectors outperformed, led by strong stock selection in the Information Technology
