The Fund Grade · free · no account needed
What grade does VWIAX 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 Wellesley Income Fund Admiral Shares
#454 of 500 graded active funds · value · large segment peer group
The point · specialist footprint
VWIAX 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 0.15% 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.
VWIAX vs the Honor Roll · share card ↗Conviction exposure
19.8%
of the book in specialist-converged names
Late-stage weight
29.6%
of the book in Crowded or Fading names
Active share
95%
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
Vanguard Wellesley Income gets an F, ranking 454 out of 500 graded funds, with only 19.8% specialist ownership and nearly 30% of the portfolio sitting in late-stage positions. AVGO, TMUS, and CCI are all Fading, meaning proven specialists are heading for the door. The 0.15% fee is low, but higher graded funds in the same segment exist.
→ Watch AVGO, TMUS, and CCI closely, as specialists are actively leaving all three positions inside this fund.
→ Compare this fund against higher graded options in the same Vanguard family before adding new money.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.