The Fund Grade · free · no account needed

What grade does VWNDX 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.

F

Fundprints Fund Grade · as of 2026-10-01

Vanguard Windsor

#464 of 500 graded active funds · value · large segment peer group

The point · specialist footprint

VWNDX puts less of its book behind proven specialists than 63% 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 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 0.29% 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.

VWNDX vs the Honor Roll · share card ↗

Conviction exposure

17.8%

of the book in specialist-converged names

Late-stage weight

22.5%

of the book in Crowded or Fading names

Active share

88.5%

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
AMZN 2.4%WFC 1.5%MSFT 1.5%+17 locked
Consensus
CB 1.5%MRK 1.5%MET 1.4%+57 locked
Emerging
KR 0.8%DAL 0.6%JPM 0.3%
Crowded
GOOGL 2.3%MTB 1.1%PCAR 0.9%+10 locked
Fading
TSN 1.9%MS 1.6%SLB 1.5%+20 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

Vanguard Windsor ranks 464 out of 500 graded funds, an F, with only 17.8% specialist backing and five positions including TSN, MS, SLB, and ASML where specialists are actively leaving. The 0.29% fee is low but higher graded peers exist, even within Vanguard's own lineup. AMZN, WFC, and MSFT show early conviction, though they are too small to carry the rest.

→ Watch TSN, MS, SLB, and ASML closely, as specialist exit from all four signals weakening conviction in meaningful positions.

→ Compare this F-rated fund against higher graded options in the same Vanguard family before adding new money.

Support leaving these positions

GOOGL 2.3% of the fund · Crowded

TSN 1.9% of the fund · Fading

MS 1.6% of the fund · Fading

SLB 1.5% of the fund · Fading

ASML 1.3% of the fund · Fading

Where it's genuinely early

AMZN 2.4% of the fund · Early Conviction

WFC 1.5% of the fund · Early Conviction

MSFT 1.5% of the fund · Early Conviction

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

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