The Fund Grade · free · no account needed
What grade does PRPFX 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
Permanent Portfolio Permanent I
#395 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
PRPFX sits mid pack for specialist backing among graded funds.
Bottom 20%
Bottom 40%
● Middle
Top 40%
Top 20%
The middle rungs sat between the extremes, and the pattern was monotonic: every step up in specialist backing came with better subsequent results. Not damning, not compelling. The fee decides whether it is worth it.
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.
PRPFX vs the Honor Roll · share card ↗Conviction exposure
23.8%
of the book in specialist-converged names
Late-stage weight
18.4%
of the book in Crowded or Fading names
Active share
89.6%
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
PRPFX grades out at D, ranking 395 of 500 funds, with specialists holding only 23.8% of the book. TPL at 3.4% is a genuine early position worth watching, but AVGO, APP, and AMT are all fading, meaning proven specialists are already walking away from those names.
→ Watch the fading weight in AVGO, APP, and AMT closely, as specialist exit from these three positions is already underway.
→ Three higher graded funds exist in the same segment, so compare what you are getting here against those alternatives before holding further.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.