The Fund Grade · free · no account needed
What grade does NMVLX 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
Nuance Mid Cap Value Fund
#287 of 500 graded active funds · value · mid segment peer group
The point · specialist footprint
NMVLX puts less of its book behind proven specialists than 84% 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.
NMVLX vs the Honor Roll · share card ↗Conviction exposure
3.9%
of the book in specialist-converged names
Late-stage weight
37.6%
of the book in Crowded or Fading names
Active share
97.8%
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 2026-10-20
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
NMVLX grades a C, ranking 287 of 500, with only 3.9% specialist ownership suggesting limited conviction from proven stock pickers. Over a third of the portfolio sits in late or fading stages, including MRTN at 5.8% and CLX at 4.8%, both positions specialists are actively leaving. Three higher graded peers exist in this segment.
→ Watch MRTN and CLX closely, as specialists are fading from both and together they make up over 10% of the fund.
→ Compare this fund against the three higher graded mid cap value peers before adding new money at this grade.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.