The Fund Grade · free · no account needed

What grade does PXWIX 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.

B

Fundprints Fund Grade · as of 2026-10-01

Impax Ellevate Global Women's Ldr Instl

#133 of 500 graded active funds · blend · large segment peer group

The point · specialist footprint

PXWIX puts more of its book behind proven specialists than 81% of graded funds.

Bottom 20%

Bottom 40%

Middle

Top 40%

● Top 20%

beat the S&P in 22% of quarters+3.8%/qtr better · 43% beat rate

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.

PXWIX vs the Honor Roll · share card ↗

Conviction exposure

45.4%

of the book in specialist-converged names

Late-stage weight

14.4%

of the book in Crowded or Fading names

Active share

80.5%

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

Early Conviction
NVDA 5.9%AAPL 4.7%MSFT 3.2%+11 locked
Consensus
LLY 1.8%JNJ 1.6%INTC 1.6%+26 locked
Emerging
JPM 1.8%BNY 1.1%PRU 0.9%+1 locked
Crowded
GOOGL 1.9%STT 1%VLTO 0.8%+5 locked
Fading
AVGO 1.4%CMI 1.1%EIX 1%+4 locked

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

PXWIX earns a B grade, ranking 133 of 500 funds, with specialists holding 45% of its weight. Early conviction positions in JNJ, MRK, and C suggest some genuine forward-looking bets, but fading signals on AVGO, GOOG, and PG mean roughly 5% of the fund sits in spots where proven specialists are already walking out.

→ Watch the combined fading weight in AVGO, GOOG, CMI, PG, and BNY closely, as specialists are actively leaving all five positions.

→ Note that JNJ, C, and MRK are early-stage holdings where specialist conviction is building, making them worth tracking for follow-through.

Support leaving these positions

GOOGL 1.9% of the fund · Crowded

AVGO 1.4% of the fund · Fading

CMI 1.1% of the fund · Fading

STT 1% of the fund · Crowded

EIX 1% of the fund · Fading

Where it's genuinely early

NVDA 5.9% of the fund · Early Conviction

AAPL 4.7% of the fund · Early Conviction

MSFT 3.2% of the fund · Early Conviction

Read from today's disclosed book. Evidence, not advice.

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