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What grade does VHCAX 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 Capital Opportunity Fund Admiral Shares

#187 of 500 graded active funds · blend · large segment peer group

The point · specialist footprint

VHCAX puts more of its book behind proven specialists than 72% of 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

That has mattered: over the past 2.7 years, funds on this rung beat bottom-rung funds by about 3.8 points per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.

2,825 disclosing funds tracked · the graded specialists among them drive every read · evidence, not advice

You pay 0.32% a year for a C.

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.

VHCAX vs the Honor Roll — share card ↗

Conviction exposure

40.2%

of the book in specialist-converged names

Late-stage weight

18.4%

of the book in Crowded or Fading names

Active share

82.2%

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 2026-10-01

Early Conviction

AMGN 2.4%BMRN 1.2%BMY 1.1%+16 locked

Consensus

LLY 6.5%MU 5.6%FLEX 2.8%+72 locked

Emerging

KLAC 2.4%JBL 1.5%CIEN 0.4%+5 locked

Crowded

BSX 1.3%ACM 1.2%J 1.1%+13 locked

Fading

GOOG 1.8%TSLA 1.4%TJX 1.4%+34 locked

see the names driving this grade, and how early each one is →

Watch this fund — free →X-ray what's inside →

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

GOOG 1.8% of the fund · Fading

TSLA 1.4% of the fund · Fading

TJX 1.4% of the fund · Fading

BSX 1.3% of the fund · Crowded

NXT 1.3% of the fund · Fading

Where it's genuinely early

AMGN 2.4% of the fund · Early Conviction

KLAC 2.4% of the fund · Emerging

JBL 1.5% of the fund · Emerging

Same family, higher grade

VMGRX · B · 0.33% fee — Vanguard Mid-Cap Growth Fund VGHCX · B · 0.33% fee — Vanguard Health Care Fund Investor Shares

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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