The Fund Grade · free · no account needed

What grade does MGOAX 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.

D

Fundprints Fund Grade · as of 2026-10-01

Victory Mid-Cap Core Growth A

#328 of 500 graded active funds · growth · mid segment peer group

The point · specialist footprint

MGOAX puts less of its book behind proven specialists than 88% 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

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.

MGOAX vs the Honor Roll · share card ↗

Conviction exposure

2.5%

of the book in specialist-converged names

Late-stage weight

23.2%

of the book in Crowded or Fading names

Active share

88.6%

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

Early Conviction
RL 1.9%AMG 1.8%DVN 1.7%+10 locked
Consensus
HALO 1.7%VLO 1.6%ROST 1.5%+51 locked
Emerging
EME 1.7%DAL 1.4%ATO 1.3%+7 locked
Crowded
FTI 1.8%DOCU 1%TER 0.7%+11 locked
Fading
FIX 2.4%MPWR 1.7%FN 1.5%+24 locked

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

Victory Mid-Cap Core Growth A grades D out of 500 funds, with only 2.5% specialist backing and five positions including FN, CASY, and BNY where specialists are actively leaving. Early-stage spots in AMG and JBL offer a small bright side, but 23.2% of the portfolio sits in late-stage trades that specialists are already walking away from.

→ Watch FN, CASY, BNY, and HWM closely, as specialist exits from all four suggest these positions may face headwinds.

→ Compare this fund against the three higher-graded peers in the same segment, and the better-graded options within the Victory family itself.

Support leaving these positions

FIX 2.4% of the fund · Fading

FTI 1.8% of the fund · Crowded

MPWR 1.7% of the fund · Fading

FN 1.5% of the fund · Fading

CASY 1.4% of the fund · Fading

Where it's genuinely early

RL 1.9% of the fund · Early Conviction

AMG 1.8% of the fund · Early Conviction

EME 1.7% of the fund · Emerging

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

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