The Fund Grade · free · no account needed
What grade does CIRAX 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 Capital Income Builder Class 529-A
#324 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
CIRAX sits mid pack for specialist backing among graded funds.
Bottom 20%
Bottom 40%
● Middle
Top 40%
Top 20%
The middle rungs sat between the extremes, and the pattern was monotonic: every step up in specialist backing came with better subsequent results. Not damning, not compelling. The fee decides whether it is worth it.
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.
CIRAX vs the Honor Roll · share card ↗Conviction exposure
28.9%
of the book in specialist-converged names
Late-stage weight
33.3%
of the book in Crowded or Fading names
Active share
86.8%
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
CIRAX grades D, ranking 324 out of 500 funds, with specialists holding less than 29% of the book and fading from its largest position, Broadcom, at 4.5% weight. Three higher-graded funds exist in this same segment. The early conviction spots in ABBV, MS, and APD are small and do not offset the fading pressure across five positions.
→ Watch the Broadcom position closely, as specialists are actively leaving what is the fund's single largest holding at 4.5%.
→ Compare this fund against higher graded options in the same family, where better specialist backing may exist at a similar fee.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.