The Fund Grade · free · no account needed
What grade does APWEX 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
Cavanal Hill World Energy Fund
#53 of 500 graded active funds · blend · mid segment peer group
The point · specialist footprint
APWEX puts less of its book behind proven specialists than 63% 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
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.
APWEX vs the Honor Roll · share card ↗Conviction exposure
17.8%
of the book in specialist-converged names
Late-stage weight
15.4%
of the book in Crowded or Fading names
Active share
97.7%
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
APWEX earns an A grade and ranks 53rd out of 500 graded funds, with specialists holding a meaningful 17.8% share. The early story here is WMB and VIST, where proven specialists are still building positions. Watch the fading weight in HAL, LBRT, and CW, which together represent real drag risk if specialists keep exiting.
→ Monitor HAL at 3.8% and LBRT at 3.0%, where specialists are actively leaving, for signs of further position unwinding.
→ VIST at 3.6% is at Early Conviction stage, meaning specialists are building early, so track whether that weight grows over coming quarters.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.