The Fund Grade · free · no account needed

What grade does BIBL 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.

A

Fundprints Fund Grade · as of 2026-10-01

Inspire 100 ETF

#60 of 500 graded active funds · blend · mid segment peer group

The point · specialist footprint

BIBL puts less of its book behind proven specialists than 63% of graded funds.

Bottom 20%

● Bottom 40%

Middle

Top 40%

Top 20%

beat the S&P in 22% of quarters+3.8%/qtr better · 43% beat rate

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

You pay 0.41% a year for a A.

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.

BIBL vs the Honor Roll · share card ↗

Conviction exposure

17%

of the book in specialist-converged names

Late-stage weight

24%

of the book in Crowded or Fading names

Active share

91.6%

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

Early Conviction
ANET 4.8%PH 2.3%CIEN 1.7%+10 locked
Consensus
WELL 3.3%IBKR 3.3%PGR 2.5%+34 locked
Emerging
KLAC 5.4%MCHP 1.1%EME 0.8%+2 locked
Crowded
FCX 2%TER 1.3%PCAR 1.3%+16 locked
Fading
CAT 8.8%APH 4.3%PLD 3%+20 locked

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

BIBL earns an A grade and ranks 60th out of 500 graded funds, with specialists backing 17% of the portfolio at a reasonable 0.41% fee. The early story here is KLAC and ANET, where proven specialists are still building positions. The concern is CAT at 8.8% of the fund, the single largest holding, where specialists are actively leaving.

→ Watch CAT closely given its 8.8% weight and Fading stage, the largest specialist exit in the fund.

→ KLAC and ANET are Emerging and Early Conviction stages, worth noting as the fund's strongest forward-looking signal.

Support leaving these positions

CAT 8.8% of the fund · Fading

APH 4.3% of the fund · Fading

PLD 3% of the fund · Fading

VRT 2.8% of the fund · Fading

FCX 2% of the fund · Crowded

Where it's genuinely early

KLAC 5.4% of the fund · Emerging

ANET 4.8% of the fund · Early Conviction

PH 2.3% of the fund · Early Conviction

Read from today's disclosed book. Evidence, not advice.

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