The Fund Grade · free · no account needed
What grade does SVAIX 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
Federated Hermes Strategic Value Dividend Fund
#401 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
SVAIX 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.
SVAIX vs the Honor Roll · share card ↗Conviction exposure
23.2%
of the book in specialist-converged names
Late-stage weight
44.1%
of the book in Crowded or Fading names
Active share
97.4%
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
SVAIX grades F, ranking 401 of 500 funds, with only 23.2% specialist share and 44.1% of the portfolio sitting in late or fading stages. PNC, TFC, PLD, and AMT are all Fading, meaning proven specialists are actively leaving those positions. USB and VZ show Early Conviction, but that bright spot is outweighed by the crowded and fading weight dragging the rest of the fund down.
→ Watch PNC and TFC closely, as specialist exits from both positions suggest weakening conviction in the fund's largest bank holdings.
→ Compare this F-rated fund against the three higher graded peers in the same segment, as the evidence argues the trade-off is unfavorable.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.