The Fund Grade · free · no account needed
What grade does SHSAX 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
BlackRock Health Sciences Opportunities Portfolio Investor A Shares
#128 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
SHSAX puts more of its book behind proven specialists than 81% of graded funds.
Bottom 20%
Bottom 40%
Middle
Top 40%
● Top 20%
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.
SHSAX vs the Honor Roll · share card ↗Conviction exposure
46.7%
of the book in specialist-converged names
Late-stage weight
14.3%
of the book in Crowded or Fading names
Active share
96%
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
SHSAX earns a B grade with specialists holding 46.7% of the book, which is meaningful backing. The early conviction bets on JNJ, MRK, and ABBV stand out as the real story here. But EW, ISRG, and SYK are all fading, and a higher graded fund exists within BlackRock's own lineup.
→ Watch the combined 5.5% weight in fading positions EW, ISRG, and SYK for continued specialist exits.
→ Compare this B-grade fund against the higher-graded BlackRock option in the same family before adding more.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.