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What grade does PRHSX 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.

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Fundprints Fund Grade · as of 2026-10-01

T. Rowe Price Health Sciences Fund

Listed, but not graded: it lives in small caps, where our edge is absent. We don't grade what we can't defend.

The point · specialist footprint

PRHSX puts more of its book behind proven specialists than 65% 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 on this rung beat bottom-rung funds by about 3.8% per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.

10,000+ funds tracked · the graded specialists among them drive every read

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.

PRHSX vs the Honor Roll · share card ↗

Conviction exposure

34.8%

of the book in specialist-converged names

Late-stage weight

25.5%

of the book in Crowded or Fading names

Active share

96.2%

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

Early Conviction
PTGX 1.1%CAH 0.7%CGEM 0.1%
Consensus
LLY 10.1%TMO 4.1%MRK 3.4%+68 locked
Emerging
UTHR 1.3%BLTE 0.3%BEAM 0.2%+4 locked
Crowded
ISRG 3.7%RVMD 1.4%INSM 1.1%+12 locked
Fading
SYK 3.5%ALNY 1.6%ASND 1.4%+38 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.

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