The Fund Grade · free · no account needed
What grade does NGUAX 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
Neuberger Large Cap Growth Fund Investor Class
#44 of 500 graded active funds · growth · large segment peer group
The point · specialist footprint
NGUAX puts more of its book behind proven specialists than 94% 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.
NGUAX vs the Honor Roll · share card ↗Conviction exposure
62.1%
of the book in specialist-converged names
Late-stage weight
24.6%
of the book in Crowded or Fading names
Active share
80.3%
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
NGUAX earns an A grade and ranks 44 out of 500, with 62.1% of assets held by specialists whose footprint sits in the top 20% of peers. The early positions in CAT and COST are where specialists are building, but five holdings including AVGO at 5% weight are actively fading, which is the sharpest tension in the portfolio right now.
→ Watch the AVGO position closely. At 5% weight with specialists leaving, it carries the most concentrated fading risk in the fund.
→ Note that CAT and COST are Emerging stage picks where specialists are early, suggesting the fund has some genuine forward-looking conviction.
Support leaving these positions
Read from today's disclosed book. Evidence, not advice.