The Fund Grade · free · no account needed
What grade does VEIRX 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
Vanguard Equity Income Fund Admiral Shares
#389 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
VEIRX 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
You pay 0.17% a year for a D.
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.
VEIRX vs the Honor Roll · share card ↗Conviction exposure
24.2%
of the book in specialist-converged names
Late-stage weight
31.2%
of the book in Crowded or Fading names
Active share
86%
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
VEIRX ranks 389 out of 500 graded funds, a D grade, and only 24% specialist ownership signals limited conviction from the sharpest money. The fee of 0.17% is low, but the portfolio carries real baggage: AVGO at 5.6% is the largest holding and specialists are actively leaving it. Small early positions in XOM and PM are a bright spot, though they barely move the needle at 1.2% each.
→ Watch AVGO closely, as it is the top holding at 5.6% and specialist investors are already fading out of it.
→ Compare this fund against the three higher graded peers in this same segment, where the same low fee bar may be met with better positioning.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.