The Fund Grade · free · no account needed
What grade does JSVAX 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
Janus Henderson Contrarian Fund - T Shares
#303 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
JSVAX 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.
JSVAX vs the Honor Roll · share card ↗Conviction exposure
30%
of the book in specialist-converged names
Late-stage weight
22.1%
of the book in Crowded or Fading names
Active share
95.2%
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
JSVAX grades D, ranking 303 of 500, with specialists holding just 30% of the book and five notable positions, including ORCL at 6.4% and VRT at 4.6%, firmly in Fading stage. There are early bright spots in AMZN and FPS, but they are outweighed by the fading weight. Higher graded funds exist both in this segment and within the same fund family.
→ Watch ORCL, VRT, HWM, LITE, and SGRY closely: all are Fading, together totaling roughly 22% of the fund.
→ Compare JSVAX against the three higher graded segment peers, as the D grade argues the case for switching.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.