The Fund Grade · free · no account needed
What grade does FIUIX 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 2026-09-01
Fidelity Utilities Fund
#1 of 440 graded active funds · blend · mid segment peer group
The point · specialist footprint
FIUIX puts more of its book behind proven specialists than 79% 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 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 graded funds · 2.7 years of filings, measured as they were published · evidence, not advice
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.
Conviction exposure
33.3%
of the book in specialist-converged names
Late-stage weight
47.5%
of the book in Crowded or Fading names
Active share
97.7%
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 2026-09-09
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 Utilities Fund ranks first out of 440 graded funds with an A grade, supported by a meaningful 33% specialist share. The most striking tension is that nearly half the portfolio sits in late-stage positions, including a 10.9% stake in NEE that specialists are crowding out of, while early conviction names like CEG and TMUS offer a genuine counterbalance.
→ Monitor the combined 27% weight in Fading and Crowded positions like NEE, NRG, AEP, and SRE as specialist exits could signal near-term headwinds.
→ Note that CEG and TMUS are Emerging-stage holdings where specialists are building early, suggesting the fund has real forward-looking conviction here.
Support leaving these positions
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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