The Fund Grade · free · no account needed
What grade does UMI 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
USCF Midstream Energy Income Fund
#500 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
UMI puts less of its book behind proven specialists than 93% of graded funds.
● Bottom 20%
Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
You pay 0.85% a year for a F.
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.
UMI vs the Honor Roll · share card ↗Conviction exposure
0%
of the book in specialist-converged names
Late-stage weight
47%
of the book in Crowded or Fading names
Active share
99.6%
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
UMI ranks dead last, 500 out of 500 graded funds, with zero specialist backing and 0.85% in annual fees. Nearly half the portfolio sits in late-stage or fading positions, including EPD, KMI, and DTM, where proven specialists are already walking away. TRGP and OKE show some early conviction, but that bright spot is buried under crowded, fading weight.
→ Watch the fading positions in EPD, KMI, DTM, AM, and WES closely, as specialist exits there signal weakening conviction.
→ Compare UMI's 0.85% fee and last-place grade against the three higher-graded peers in this segment before holding further.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.