The Fund Grade · free · no account needed
What grade does TCVIX 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
Touchstone Mid Cap Value Institutional Class
#247 of 440 graded active funds · value · mid segment peer group
The point · specialist footprint
TCVIX puts less of its book behind proven specialists than 79% 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 points 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.
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
2.5%
of the book in specialist-converged names
Late-stage weight
27.6%
of the book in Crowded or Fading names
Active share
94.2%
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 2026-09-09
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
TCVIX grades C, ranking 247 of 440, with specialist backing at just 2.5 percent and 27.6 percent of the book sitting in late-stage positions. Five holdings including RRX, DOV, and PTC are actively being exited by specialists, which is the most striking pressure point here. Small early-stage positions in ADC, LDOS, and XEL exist but do not yet offset the fading weight.
→ Watch RRX, DOV, and PTC closely, as specialists are leaving all three and they combine for over 6 percent of the fund.
→ Compare TCVIX against the three higher-graded funds in the same segment, given the weak specialist backing and concentrated fading positions.
Support leaving these positions
Same family, higher grade
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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