The Fund Grade · free · no account needed
What grade does FDFAX 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
Fidelity Select Consumer Staples Portfolio
#250 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
FDFAX puts more of its book behind proven specialists than 64% 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.
FDFAX vs the Honor Roll · share card ↗Conviction exposure
33.6%
of the book in specialist-converged names
Late-stage weight
40.4%
of the book in Crowded or Fading names
Active share
97.2%
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
Fidelity Select Consumer Staples Portfolio lands at grade C, ranked 250 of 500, with specialists holding about a third of the book. PG and COST show early specialist conviction, which is a real positive, but WMT at 7.7% and PEP at 1.1% are both fading, and higher graded peers in this segment exist.
→ Watch WMT closely: at 7.7% of the fund, specialist exit from that position is the single largest risk here.
→ Compare this fund against the three higher graded segment peers and the better graded Fidelity options in the same family.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.