The Fund Grade · free · no account needed
What grade does PEMGX 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
Principal MidCap Fund
#360 of 500 graded active funds · blend · mid segment peer group
The point · specialist footprint
PEMGX puts less of its book behind proven specialists than 89% of graded funds.
● Bottom 20%
Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
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.
PEMGX vs the Honor Roll · share card ↗Conviction exposure
1.5%
of the book in specialist-converged names
Late-stage weight
19.4%
of the book in Crowded or Fading names
Active share
95.2%
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
Principal MidCap Fund grades D and ranks 360 out of 500, with specialist ownership at just 1.5 percent, a sign that informed money has largely passed on this one. Three positions, VMC, ORLY, and ENTG, show early specialist conviction, but TDG and MLM are actively fading. Higher graded options exist both in this segment and within the same fund family.
→ Watch TDG and MLM closely, both fading at a combined 8.7 percent weight, as specialist exits can pressure returns.
→ Compare this fund against the three higher graded mid-cap peers before adding new money, given its D grade.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.