The Fund Grade · free · no account needed
What grade does BACAX 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
BlackRock Fds, All-Cap Energy & Resources Ptf Investor A Class
#117 of 500 graded active funds · blend · large segment peer group
The point · specialist footprint
BACAX puts more of its book behind proven specialists than 83% 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
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.
BACAX vs the Honor Roll · share card ↗Conviction exposure
48.2%
of the book in specialist-converged names
Late-stage weight
5.1%
of the book in Crowded or Fading names
Active share
98.6%
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
BACAX earns a B grade, ranking 117 of 500, with specialists making up 48.2% of its ownership base. The fund is genuinely early in KMI and CRC, but FTI and EQT have both turned Crowded, and LBRT is actively fading. A higher graded fund exists within BlackRock's own lineup.
→ Watch FTI at 2.3% and EQT at 1.2%, both Crowded, as specialist exits there could drag near-term returns.
→ Compare BACAX against the higher graded BlackRock fund in the same family before adding new money.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.