The Fund Grade · free · no account needed
What grade does FSUTX 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 Select Utilities Growth Portfolio
#3 of 440 graded active funds · growth · mid segment peer group
The point · specialist footprint
FSUTX 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 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
26.9%
of the book in specialist-converged names
Late-stage weight
50.3%
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
FSUTX earns an A grade and ranks 3rd out of 440 graded funds, with specialists holding about 27% of the portfolio. The early story here is CEG, PPL, and Dominion, where proven specialists are still building positions, but over half the fund sits in late-stage trades, and NEE, AEP, SRE, VST, and NRG are all showing specialist exit signals.
→ Watch the combined 33% weight in fading positions like NEE, AEP, SRE, VST, and NRG for further specialist exits.
→ The early positions in CEG at 6.5% and PPL at 3.2% are where the A grade argument is strongest; monitor their stage progression.
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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