The Fund Grade · free · no account needed

What grade does VPCCX 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.

C

Fundprints Fund Grade · as of 2026-10-01

Vanguard PRIMECAP Core Fund

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

The point · specialist footprint

VPCCX puts more of its book behind proven specialists than 68% of graded funds.

Bottom 20%

Bottom 40%

Middle

● Top 40%

Top 20%

beat the S&P in 22% of quarters+3.8%/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% per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.

10,000+ funds tracked · the graded specialists among them drive every read

You pay 0.37% 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.

VPCCX vs the Honor Roll · share card ↗

Conviction exposure

37.2%

of the book in specialist-converged names

Late-stage weight

16.6%

of the book in Crowded or Fading names

Active share

84.1%

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

Early Conviction
MU 4%MSFT 2.2%GOOG 1.1%+19 locked
Consensus
LLY 5.4%INTC 2.8%AMGN 1.9%+62 locked
Emerging
KLAC 2.4%FDX 1.9%JPM 1.4%+13 locked
Crowded
GOOGL 3%BSX 1.3%ACM 1.1%+16 locked
Fading
FLEX 3%ELAN 1.3%NXT 1.3%+30 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

VPCCX lands at grade C, ranked 212 of 500, with specialists holding 37.2% of the fund. The early story is in semiconductors, where MU at 4% and KLAC at 2.4% carry genuine early conviction, but FLEX and ELAN are both Fading, meaning proven specialists are walking away from those positions. At 0.37% annually the fee is modest, though higher graded funds exist in this segment.

→ Watch FLEX and ELAN closely, as specialist exits from Fading positions historically precede broader price pressure.

→ Compare VPCCX against the three higher graded funds in the same segment before adding new money at current grade.

Support leaving these positions

GOOGL 3% of the fund · Crowded

FLEX 3% of the fund · Fading

BSX 1.3% of the fund · Crowded

ELAN 1.3% of the fund · Fading

NXT 1.3% of the fund · Fading

Where it's genuinely early

MU 4% of the fund · Early Conviction

KLAC 2.4% of the fund · Emerging

MSFT 2.2% of the fund · Early Conviction

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

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