The Fund Grade · free · no account needed
What grade does BGAFX 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
Baron Global Advantage Fd Retail Shs
#204 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
BGAFX puts more of its book behind proven specialists than 70% of graded funds.
Bottom 20%
Bottom 40%
Middle
● Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds on this rung beat bottom-rung funds by about 3.8% per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.
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.
BGAFX vs the Honor Roll · share card ↗Conviction exposure
38.4%
of the book in specialist-converged names
Late-stage weight
15.2%
of the book in Crowded or Fading names
Active share
91%
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
BGAFX sits at rank 204 of 500 graded funds with a C grade, and specialist ownership at 38.4% is middling. The early story here is NVDA at 7.6% and AMZN at 5.1%, both in Early Conviction stage, but crowded positions like MELI and GDS with specialists leaving add real drag.
→ Watch GDS closely, as specialists are actively fading a position that still carries 3% weight in the fund.
→ Compare BGAFX against the 3 higher graded funds in the same segment, and check whether Baron's own family offers a better graded option.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.