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What grade does FDRR 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 Dividend ETF for Rising Rates

#171 of 500 graded active funds · value · large segment peer group

The point · specialist footprint

FDRR puts more of its book behind proven specialists than 75% of graded funds.

Bottom 20%

Bottom 40%

Middle

● Top 40%

Top 20%

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

That has mattered: over the past 2.7 years, funds on this rung beat bottom-rung funds by about 3.8 points per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.

2,825 disclosing funds tracked · the graded specialists among them drive every read · evidence, not advice

You pay 0.15% a year for a B.

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.

FDRR vs the Honor Roll — share card ↗

Conviction exposure

41.1%

of the book in specialist-converged names

Late-stage weight

22.7%

of the book in Crowded or Fading names

Active share

81.4%

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 2026-10-01

Early Conviction

JNJ 1.5%BAC 1.2%ABBV 1.2%+13 locked

Consensus

NVDA 8.4%MSFT 5.5%META 2.1%+34 locked

Emerging

CAT 1.3%MCD 1%LMT 0.6%+5 locked

Crowded

GS 1.2%NKE 0.6%PCAR 0.6%+4 locked

Fading

AVGO 4.3%HD 1.2%IBM 1.1%+20 locked

see the names driving this grade, and how early each one is →

Watch this fund — free →X-ray what's inside →

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

Support leaving these positions

AVGO 4.3% of the fund · Fading

GS 1.2% of the fund · Crowded

HD 1.2% of the fund · Fading

IBM 1.1% of the fund · Fading

PG 0.9% of the fund · Fading

Where it's genuinely early

JNJ 1.5% of the fund · Early Conviction

CAT 1.3% of the fund · Emerging

BAC 1.2% of the fund · Early Conviction

Same family, higher grade

FIUIX · A — Fidelity Utilities Fund FSUTX · A — Fidelity Select Utilities Growth Portfolio FELCX · A — Fidelity Advisor Semiconductors Fund Class C

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

The evidence base updates this week.

The specialists — not the whales — are already positioned for what comes next. Stop finding out last.

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