The Fund Grade · free · no account needed
What grade does SVAIX 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
Federated Hermes Strategic Value Dividend Fund
#263 of 440 graded active funds · value · large segment peer group
The point · specialist footprint
SVAIX 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
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.
Conviction exposure
23.2%
of the book in specialist-converged names
Late-stage weight
17.1%
of the book in Crowded or Fading names
Active share
96.7%
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
SVAIX grades D and ranks 263 of 440, with specialist ownership at just 23.2%. The fund carries real weight in crowded or fading names like TFC, PAYX, PLD, PFE, and AMT, where proven specialists are already stepping back. Early positions in VZ and MDLZ offer some counterbalance, but the overall picture is thin conviction.
→ Watch the combined 8.8% weight in TFC, PAYX, and PLD closely, specialists are already crowded or leaving those trades.
→ Compare this fund against the 3 higher graded peers in the same segment before adding new money at its current grade.
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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