The Fund Grade · free · no account needed
What grade does MMUKX 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
MFS Utilities Fund Class R6
#5 of 440 graded active funds · blend · mid segment peer group
The point · specialist footprint
MMUKX 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.
2,825 graded funds · 2.7 years of filings, measured as they were published · evidence, not advice
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
23.3%
of the book in specialist-converged names
Late-stage weight
53.5%
of the book in Crowded or Fading names
Active share
96.6%
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
MFS Utilities Fund Class R6 earns an A grade and ranks 5th out of 440 graded funds, with specialists actively building early positions in CEG and D. However, over half the portfolio sits in late-stage holdings, and top position NEE at 13.3% is already Crowded, with SRE, AEP, and SO all showing specialist exits.
→ Watch the combined Fading weight in SRE, AEP, and SO closely, as specialist departures there signal potential headwinds for over 13% of the fund.
→ Note that CEG and D represent genuine early-stage opportunities where the evidence suggests specialists are still building conviction ahead of broader ownership.
Support leaving these positions
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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