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What grade does IQSM 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 2026-10-30

NYLI Candriam U.S. Mid Cap Equity ETF

#244 of 363 graded active funds · blend · mid segment peer group

The point · specialist footprint

IQSM puts less of its book behind proven specialists than 85% of graded funds.

● Bottom 20%

Bottom 40%

Middle

Top 40%

Top 20%

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

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 0.15% a year for a D.

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.

IQSM vs the Honor Roll · share card ↗

Conviction exposure

3.2%

of the book in specialist-converged names

Late-stage weight

33.8%

of the book in Crowded or Fading names

Active share

85.8%

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 2026-10-30

Early Conviction

UTHR 1.1%TWLO 0.9%NLY 0.7%+32 locked

Consensus

USFD 0.8%ITT 0.8%FFIV 0.8%+92 locked

Emerging

XPO 1.1%MTSI 0.8%YUMC 0.7%+9 locked

Crowded

RVMD 1.1%NVT 1%ROKU 0.6%+25 locked

Fading

FTI 1.3%FN 1.1%MTZ 1.1%+56 locked

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

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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

FTI 1.3% of the fund · Fading

FN 1.1% of the fund · Fading

RVMD 1.1% of the fund · Crowded

MTZ 1.1% of the fund · Fading

NVT 1% of the fund · Crowded

Where it's genuinely early

XPO 1.1% of the fund · Emerging

UTHR 1.1% of the fund · Early Conviction

TWLO 0.9% of the fund · Early Conviction

Same family, higher grade

EPLPX · B · NYLI Epoch U.S. Equity Yield Fund Class A VCRAX · B · NYLI CBRE Global Infrastructure Class A

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

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