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PARWX Parnassus Endeavor Investor

  • Fund
  • PARWX
  • Price as of: Nov 19, 2018
  • $35.76
  • - $0.63
  • - 1.73%
  • Category
  • Large Cap Growth Equities

PARWX - Profile

Vitals

  • YTD Return -3.8%
  • 3 Yr Annualized Return 4.8%
  • 5 Yr Annualized Return 5.1%
  • Net Assets $4.59 B
  • Holdings in Top 10 48.1%

52 WEEK LOW AND HIGH

$35.76
$34.28
$40.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.92%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 43.21%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return -3.8%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Parnassus Endeavor Fund
  • Fund Family Name Parnassus
  • Inception Date Apr 29, 2005
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Jerome L. Dodson

Fund Description

The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in companies believed by the fund's investment adviser to provide good workplaces for their employees. Companies with good workplaces usually are able to recruit and retain better employees, and perform at a higher level than competitors in terms of innovation, productivity, customer loyalty and profitability. These companies must, in the adviser's opinion, be undervalued, but they must also have good prospects for long-term capital appreciation over the course of the expected holding period.

PARWX - Performance

Return Ranking - Trailing

Period PARWX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.8% -97.0% 549.9% 78.36% 5
1 Yr -8.9% -52.0% 75.7% 81.28% 5
3 Yr 4.8% * -15.1% 30.2% 42.71% 3
5 Yr 5.1% * -4.5% 17.8% 41.93% 3
10 Yr 12.7% * 3.4% 19.3% 21.36% 2

* Annualized


Return Ranking - Calendar

Period PARWX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 12.7% -52.0% 104.4% 59.50% 3
2016 17.5% -56.6% 121.2% 0.21% 1
2015 -6.3% -41.2% 42.9% 63.76% 4
2014 11.0% -30.1% 45.5% 15.15% 1
2013 21.7% -13.0% 56.4% 68.00% 4

Total Return Ranking - Trailing

Period PARWX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.8% -100.0% 549.9% 78.88% 5
1 Yr -8.9% -71.3% 2606.2% 82.22% 5
3 Yr 8.2% * -21.9% 43.7% 28.81% 2
5 Yr 11.3% * -5.6% 17.8% 21.57% 2
10 Yr N/A * 3.2% 20.3% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PARWX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 12.7% -43.6% 104.4% 59.85% 4
2016 17.5% -56.6% 126.1% 1.20% 1
2015 3.7% -41.2% 382.6% 51.91% 3
2014 22.5% -10.0% 615.0% 9.34% 1
2013 44.9% -100.0% 357.8% 51.34% 3

NAV & Total Return History

PARWX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

PARWX Category Low Category High PARWX % Rank Quintile
Net Assets 4.59 B 373 K 180 B 5.59% 2
Number of Holdings 33 1 2010 12.28% 5
Net Assets in Top 10 2.17 B 0 61 B 4.56% 1
Weighting of Top 10 48.1% 0.0% 150.9% 5.91% 1

Top 10 Holdings

  1. Gilead Sciences Inc 4.16%
  2. Mattel Inc 5.88%
  3. CVS Health Corp 5.78%
  4. Hanesbrands Inc 4.57%
  5. Micron Technology Inc 5.19%
  6. Alliance Data Systems Corp 4.58%
  7. American Express Co 4.10%
  8. Applied Materials Inc 4.89%
  9. Lam Research Corp 4.72%
  10. Cummins Inc 4.25%

Asset Allocation

Weighting Category Low Category High PARWX % Rank Quintile
Stocks
97.52% 0.00% 127.84% 12.15% 4
Cash
2.48% -62.60% 100.00% 10.15% 2
Preferred Stocks
0.00% 0.00% 10.87% 4.11% 3
Other
0.00% -8.87% 24.55% 5.01% 3
Convertible Bonds
0.00% 0.00% 3.20% 1.29% 2
Bonds
0.00% -0.04% 75.72% 3.21% 2

Stock Sector Breakdown

Weighting Category Low Category High PARWX % Rank Quintile
Technology
28.09% -1.29% 56.28% 16.39% 3
Healthcare
25.10% -1.03% 96.22% 1.09% 1
Consumer Cyclical
16.32% -2.22% 34.73% 14.07% 3
Financial Services
15.60% -2.38% 37.90% 9.51% 2
Industrials
12.28% -0.37% 25.62% 7.97% 2
Consumer Defense
0.13% -1.43% 20.13% 25.51% 5
Utilities
0.00% -0.18% 14.05% 9.70% 3
Real Estate
0.00% -0.04% 11.06% 14.59% 4
Energy
0.00% -1.24% 16.17% 22.17% 5
Communication Services
0.00% 0.00% 13.72% 18.89% 5
Basic Materials
0.00% -1.65% 12.41% 20.05% 5

Stock Geographic Breakdown

Weighting Category Low Category High PARWX % Rank Quintile
US
97.52% 0.00% 126.81% 5.98% 2
Non US
0.00% 0.00% 91.47% 26.41% 5

PARWX - Expenses

Operational Fees

PARWX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.92% 0.00% 37.77% 13.71% 2
Management Fee 0.66% 0.00% 1.44% 2.63% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.01% N/A N/A

Sales Fees

PARWX Fees (% of AUM) Category Low Category High PARWX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

PARWX Fees (% of AUM) Category Low Category High PARWX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PARWX Fees (% of AUM) Category Low Category High PARWX Rank Quintile
Turnover 43.21% 0.00% 650.00% 9.01% 3

PARWX - Distributions

Dividend Yield Analysis

PARWX Category Low Category High PARWX % Rank Quintile
Dividend Yield 0.8% 0.00% 11.75% 2.16% 1

Dividend Distribution Analysis

PARWX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PARWX Category Low Category High PARWX % Rank Quintile
Net Income Ratio 0.94% -14.30% 3.70% 4.57% 1

Capital Gain Distribution Analysis

PARWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PARWX - Managers

Jerome L. Dodson

Lead Manager

Start Date

Apr 29, 2005

Tenure

13.52

Tenure Rank

3.2%

Jerome L. Dodson is the Founder and President of Parnassus Investments. He is the lead Portfolio Manager of the Parnassus Multi-Cap Equity strategy and the Parnassus Asia Pacific Equity strategy and is the sole Portfolio Manager of the Parnassus Endeavor Equity strategy. Prior to founding Parnassus Investments in 1984, he served as President and Chief Executive Officer of Continental Savings of America from 1976 to 1982, where he started the “Solar T-Bill” program to finance solar energy installations and also developed innovative programs to finance low and moderate income housing. Mr. Dodson received his bachelor’s degree in political science from the University of California, Berkeley and his master’s degree in business administration from Harvard Business School.


Billy J. Hwan

Manager

Start Date

May 01, 2018

Tenure

0.5

Tenure Rank

14.2%

Billy J. Hwan is a Portfolio Manager of the Parnassus Asia Fund and a Senior Research Analyst. He joined Parnassus Investments in 2012 and was previously a Parnassus research intern. His prior experience includes equity research at Dodge & Cox in San Francisco and at the Government of Singapore Investment Corporation. Mr. Hwan received his bachelor's degree in engineering from Stanford University and a master's degree in accountancy from the University of Houston. He graduated with honors from the University of California, Berkeley with his master's degree in business administration. Mr. Hwan holds the CPA and CFA designations, and was a former Blakemore Freeman Fellow.


Tenure Analysis

Category Low

0.0

Category High

50.9

Category Average

7.86

Category Mode

0.5