The Fund Grade · free · no account needed
What grade does FLV 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
American Century Focused Large Cap Value ETF
#463 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
FLV puts less of its book behind proven specialists than 62% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
You pay 0.42% a year for a F.
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.
FLV vs the Honor Roll · share card ↗Conviction exposure
17.9%
of the book in specialist-converged names
Late-stage weight
20.4%
of the book in Crowded or Fading names
Active share
93.3%
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
FLV ranks 463 out of 500 graded funds and earns an F, with only 17.9% specialist backing and five positions including PEP and TFC where specialists are actively leaving. The 0.42% fee is hard to justify at this grade, especially when three higher graded peers exist in the same large cap value segment. JPM, OKE, and CVX show early specialist interest, but they are outweighed by the crowded and fading holdings.
→ Watch PEP and TFC closely, as specialists are fading from both and combined they represent nearly 5% of the fund.
→ Compare FLV's 0.42% fee against higher graded funds in the same segment before your next rebalance decision.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.