The Fund Grade · free · no account needed
What grade does MGNR 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 Beacon GLG Natural Resources ETF
#426 of 500 graded active funds · blend · mid segment peer group
The point · specialist footprint
MGNR puts less of its book behind proven specialists than 93% 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 0.75% 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.
MGNR vs the Honor Roll · share card ↗Conviction exposure
0%
of the book in specialist-converged names
Late-stage weight
34%
of the book in Crowded or Fading names
Active share
98.6%
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
MGNR grades F, ranking 426 out of 500 funds, with zero specialist backing and 34% of the portfolio in late or fading positions including RRC, MT, and AA where specialists are actively leaving. The 0.75% fee is hard to justify at that grade, and three higher graded funds exist in the same segment. There are early conviction positions in VIST, BE, and PR, but they sit inside a fund that otherwise shows little smart money support.
→ Watch RRC, MT, AR, AA, and NXT closely, as specialists are crowded or fading in all five positions.
→ Compare this fund's 0.75% fee and F grade against the three higher graded peers available in the same segment.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.