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What grade does SGGAX 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.

A

Fundprints Fund Grade · as of 2026-09-01

DWS Large Cap Focus Growth Fund - Class A

#63 of 440 graded active funds · growth · large segment peer group

The point · specialist footprint

SGGAX puts more of its book behind proven specialists than 90% of graded funds.

Bottom 20%

Bottom 40%

Middle

Top 40%

● Top 20%

beat the S&P in 22% of quarters+3.8 pts/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 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

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

45.1%

of the book in specialist-converged names

Late-stage weight

20.2%

of the book in Crowded or Fading names

Active share

81.9%

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

Early Conviction
AMZN 5.1%VRT 2.4%AXON 1.1%+5 locked
Consensus
NVDA 14.7%MSFT 8.2%META 3.6%+20 locked
Crowded
CSGP 0.7%NOW 0.5%TRU 0.4%+1 locked
Fading
AVGO 6.3%MOD 1.7%ISRG 1.5%+11 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

SGGAX earns an A grade and ranks 63rd out of 440 graded funds, with specialists holding 45% of the portfolio. The early positions in AMZN, VRT, and AXON show genuine conviction before the crowd arrives, but AVGO at 6.3% is the biggest watch item as specialists are already leaving that trade.

Watch the AVGO position closely, as specialists are fading a 6.3% weight that could drag the fund if selling accelerates.

Note the Early Conviction staging in VRT and AXON, where the fund appears ahead of broader institutional flows.

Support leaving these positions

AVGO 6.3% of the fund · Fading

MOD 1.7% of the fund · Fading

ISRG 1.5% of the fund · Fading

COST 1.4% of the fund · Fading

SYK 1.2% of the fund · Fading

Where it's genuinely early

AMZN 5.1% of the fund · Early Conviction

VRT 2.4% of the fund · Early Conviction

AXON 1.1% of the fund · Early Conviction

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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