The Fund Grade · free · no account needed
What grade does ARKW 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
ARK Next Generation Internet ETF
#89 of 500 graded active funds · growth · large segment peer group
The point · specialist footprint
ARKW puts more of its book behind proven specialists than 87% of graded funds.
Bottom 20%
Bottom 40%
Middle
Top 40%
● Top 20%
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 0.76% a year for a A.
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.
ARKW vs the Honor Roll · share card ↗Conviction exposure
52.5%
of the book in specialist-converged names
Late-stage weight
27.1%
of the book in Crowded or Fading names
Active share
86.6%
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
ARKW grades A, ranking 89 of 500, with specialists holding over half the fund. The early story is in HOOD and GTLB, where proven buyers are still building. The concern is real weight in fading names: TSLA at 8.6%, GOOG, RBLX, and AVGO all showing specialists stepping back.
→ Watch TSLA closely. At 8.6% weight with a Fading stage, it is the single biggest drag risk in the portfolio.
→ The 0.76% fee is notable. Compare it against the genuine early positions in HOOD and GTLB to judge if it earns its cost.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.