The Fund Grade · free · no account needed
What grade does FISEX 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
Franklin Equity Income Fund Class A
#348 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
FISEX 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.
FISEX vs the Honor Roll · share card ↗Conviction exposure
27.3%
of the book in specialist-converged names
Late-stage weight
21.4%
of the book in Crowded or Fading names
Active share
87.8%
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
Franklin Equity Income earns a D grade, ranking 348 of 500, with specialists backing only 27.3% of the fund. JPM, CVX, and AMZN show early specialist interest, but MS, AVGO, and WMT are all Fading, and higher graded funds exist both in this segment and within Franklin's own lineup.
→ Watch the combined 6.3% weight in Fading positions MS, AVGO, and WMT as specialists continue to exit those trades.
→ Compare this fund against the three higher graded peers in the same segment, given the D grade and low specialist backing.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.