The Fund Grade · free · no account needed
What grade does DDVAX 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 2026-09-01
Nomura Value Fund Class A
#191 of 440 graded active funds · value · large segment peer group
The point · specialist footprint
DDVAX puts more of its book behind proven specialists than 68% 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 points per quarter, and beat the S&P in 43% of fund-quarters versus their 22%. The evidence argues this fund earns its seat.
2,825 graded funds · 2.7 years of filings, measured as they were published · evidence, not advice
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.
Conviction exposure
27.6%
of the book in specialist-converged names
Late-stage weight
25.7%
of the book in Crowded or Fading names
Active share
92.6%
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 2026-09-09
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
Nomura Value Fund grades C, ranked 191 of 440, with specialists holding just 27.6% of the book. AMZN is the brightest spot at an Early Conviction stage, but CI and TDY are actively fading, and PLD, Q, and CARR sit in Crowded territory. Higher graded options exist both in this segment and within the Nomura family itself.
→ Watch CI and TDY closely, as specialists are already leaving those positions, which together represent over 6% of the fund.
→ Compare this fund against the three higher graded peers in the same segment, especially given the C grade and crowded positioning.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.
The evidence base updates this week.
The specialists — not the whales — are already positioned for what comes next. Stop finding out last.
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