The Fund Grade · free · no account needed
What grade does CPLSX 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
Calamos Phineus Long Short Fund Class A
#314 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
CPLSX 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.
CPLSX vs the Honor Roll · share card ↗Conviction exposure
29.4%
of the book in specialist-converged names
Late-stage weight
23.6%
of the book in Crowded or Fading names
Active share
87.5%
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
CPLSX grades D and ranks 314 out of 500, with specialists holding just 29.4% of the book. The early positions in AMZN, MSFT, and NVDA are a bright spot, but five holdings including AVGO, BA, MS, UAL, and BAH show specialists actively leaving, which is a real drag on conviction.
→ Watch the five fading positions closely: AVGO, BA, MS, UAL, and BAH together represent over 19% of the fund.
→ Three higher graded funds exist in the same segment and higher graded options within Calamos itself are worth comparing directly.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.