The Fund Grade · free · no account needed
What grade does SGIDX 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
Steward Global Equity Income Fund - Class A
#436 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
SGIDX 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.
SGIDX vs the Honor Roll · share card ↗Conviction exposure
22.9%
of the book in specialist-converged names
Late-stage weight
27.6%
of the book in Crowded or Fading names
Active share
94.1%
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
SGIDX ranks 436 out of 500 graded funds, a grade of F, with only 22.9% specialist ownership and 27.6% of the portfolio in late-stage or fading positions. Specialists are leaving AVGO, SLB, and TIMB, which together represent meaningful weight. Small early spots in ZTO, MCD, and JCI are not enough to offset the broader picture.
→ Watch the fading positions in AVGO, SLB, and TIMB closely, as specialist exits from all three signal weakening conviction.
→ At least 3 higher graded funds exist in this same segment. Compare their holdings and fees against SGIDX before staying put.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.