The Fund Grade · free · no account needed
What grade does MCVIX 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
MFS Mid Cap Value Fund
#321 of 500 graded active funds · value · mid segment peer group
The point · specialist footprint
MCVIX puts less of its book behind proven specialists than 86% 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
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.
MCVIX vs the Honor Roll · share card ↗Conviction exposure
2.9%
of the book in specialist-converged names
Late-stage weight
30.7%
of the book in Crowded or Fading names
Active share
87.2%
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
MCVIX grades D, ranking 321 of 500, with specialist ownership at just 2.9 percent, meaning the sharpest category investors have largely passed on it. Over 30 percent of the portfolio sits in late-stage or fading positions, including PCG and PEG where specialists are actively leaving. Early bright spots like HIG and GLW exist but do not offset the broader picture.
→ Watch PCG, PEG, and LNT closely as specialists are currently exiting those positions, which together total over 3 percent of the fund.
→ Compare this fund against the 3 higher graded peers in the mid cap value segment, and check whether MFS offers a better graded fund in the same family.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.