Thrivent Large Cap Value Fund outperformed the Russell 1000 Value Index for the quarter and materially outperformed for the trailing 12 months.
For the trailing 12 months, stock selection in Information Technology, Communications Services, Financials and Utilities were positive.
The Fund remains overweight in attractively valued companies and focuses on companies where the team believes the future return on invested capital is not correctly priced into a company's valuation.
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Performance factors
Over the past quarter, within Materials, CF Industries, a U.S.-based fertilizer company, benefitted from increased global fertilizer prices due to supply declines from the closure of the Strait of Hormuz. Solstice Advanced Materials benefitted from continued adoption of
