The Fund Grade · free · no account needed
What grade does AMECX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
American Funds The Income Fund of America Class A
#455 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
AMECX puts less of its book behind proven specialists than 60% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
3 funds in the same segment carry an A. Members see the names and what they charge. See the alternatives →
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
AMECX vs the Honor Roll · share card ↗Conviction exposure
19.7%
of the book in specialist-converged names
Late-stage weight
35.1%
of the book in Crowded or Fading names
Active share
89.9%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
AMECX ranks 455 out of 500 graded funds, an F grade, with only 19.7% specialist ownership and 35.1% of the portfolio sitting in late-stage trades. Specialists are actively leaving Broadcom, Exelon, and Fifth Third, while Philip Morris at 2.2% stands out as a genuine early-conviction holding.
→ Watch the Fading positions in AVGO, EXC, FITB, and SLB closely, as specialist exit signals meaningful conviction erosion.
→ Compare AMECX against the three higher-graded funds in this segment, where the grade gap suggests better specialist backing is available.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.