The Fund Grade · free · no account needed

What grade does TRVLX 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.

D

Fundprints Fund Grade · as of 2026-09-01

T. Rowe Price Value

#310 of 440 graded active funds · value · large segment peer group

The point · specialist footprint

TRVLX sits mid pack for specialist backing among graded funds.

Bottom 20%

Bottom 40%

● Middle

Top 40%

Top 20%

beat the S&P in 22% of quarters+3.8 pts/qtr better · 43% beat rate

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.

2,825 graded funds · 2.7 years of filings, measured as they were published · evidence, not advice

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.

Conviction exposure

20.1%

of the book in specialist-converged names

Late-stage weight

15.4%

of the book in Crowded or Fading names

Active share

84.2%

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 2026-09-09

Early Conviction
MDLZ 1.8%BKNG 1.2%RVTY 1%+4 locked
Consensus
JPM 3.2%KEYS 3.2%DE 2.6%+43 locked
Emerging
BRK-B 2.9%ICE 1.5%MCD 1.4%+8 locked
Crowded
GOOG 1.7%RRC 1.3%RSG 1.2%+6 locked
Fading
PG 1.8%SO 1.7%AZO 1.2%+12 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.

The read · what to do with it

Support leaving these positions

PG 1.8% of the fund · Fading

GOOG 1.7% of the fund · Crowded

SO 1.7% of the fund · Fading

RRC 1.3% of the fund · Crowded

AZO 1.2% of the fund · Fading

Where it's genuinely early

BRK-B 2.9% of the fund · Emerging

MDLZ 1.8% of the fund · Early Conviction

ICE 1.5% of the fund · Emerging

Read from today's disclosed book. Evidence, not advice.

The evidence base updates this week.

The specialists — not the whales — are already positioned for what comes next. Stop finding out last.

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