Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
ALERT

FREE Webinar for FA’s and RIA’s — Reserve Your Seat Now!

Mutualfunds logo

PRBLX Parnassus Core Equity Investor

  • Fund
  • PRBLX
  • Price as of: Dec 02, 2016
  • $38.49
  • + $0.10
  • + 0.26%
  • Category
  • Large Cap Blend Equities

PRBLX - Profile

Vitals

  • YTD Return 4.1%
  • 3 Yr Annualized Return 7.5%
  • 5 Yr Annualized Return 13.7%
  • Net Assets $14 B
  • Holdings in Top 10 38.2%

52 WEEK LOW AND HIGH

$38.49
$33.75
$40.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.90%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 13.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Parnassus Core Equity Fund
  • Fund Family Name Parnassus
  • Inception Date Aug 31, 1992
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Benjamin E. Allen

Fund Description

The Parnassus Core Equity Fund (PRBLX) is designed to provide both capital appreciation and current income for its investors. To do this, the fund seeks out large cap companies that seem to be undervalued compared to the overall market. At least 75% of the fund’s assets will be invested in equities that pay normal dividends while the remaining allocation may go to non-dividend securities. That investment breakdown means that the fund will lean more towards an income product than one designed for growth, though it does deliver aspects of both. PRBLX also takes environmental, social, and governance factors into account when it is picking its holdings.

With a quarterly dividend and at least 75% of its assets focused on dividend-payers, PRBLX is most appropriate for an income investor that is looking for a bit of growth potential as well. The fund would likely not act as a core holding in a portfolio, but rather as a complement to an already-diversified strategy. The fund is managed by Todd C. Ahlsten and Benjamin E. Allen who combine to boast more than 25 years of experience in the investing world. The fund charges 87 basis points for investment and holds a minimum investment threshold of $2,000.

PRBLX - Performance

Return Ranking - Trailing

Period PRBLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.1% -82.7% 186.5% 69.46% 4
1 Yr 2.8% -51.7% 28.0% 44.88% 3
3 Yr 7.5% * -14.4% 16.9% 34.45% 2
5 Yr 13.7% * -1.0% 19.4% 8.55% 1
10 Yr 9.0% * -0.2% 10.3% 1.28% 1

* Annualized


Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -9.1% -46.9% 5.7% 62.25% 4
2014 10.9% -51.7% 19.5% 18.36% 1
2013 25.6% -88.0% 41.8% 55.10% 3
2012 10.8% -100.0% 42.8% 62.57% 4
2011 0.2% -27.1% 13.3% 17.94% 1

Total Return Ranking - Trailing

Period PRBLX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.0% -82.7% 190.8% 68.21% 4
1 Yr 2.8% -52.5% 142.7% 37.44% 2
3 Yr 7.5% * -5.6% 57.6% 30.51% 2
5 Yr 13.7% * -1.0% 19.4% 7.53% 1
10 Yr 9.0% * -0.2% 10.3% 1.28% 1

* Annualized


Total Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -40.3% 13.0% 39.16% 3
2014 16.7% -24.8% 54.2% 12.18% 1
2013 45.3% -93.4% 1119.1% 27.37% 2
2012 22.8% -100.0% 282.8% 33.43% 2
2011 4.7% -43.5% 45.5% 11.83% 1

NAV & Total Return History

PRBLX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

PRBLX Category Low Category High PRBLX % Rank Quintile
Net Assets 14 B 9.87 K 463 B 1.36% 1
Number of Holdings 38 1 3780 16.26% 5
Net Assets in Top 10 5.35 B 13.1 K 69.4 B 0.94% 1
Weighting of Top 10 38.2% 2.2% 297.1% 10.94% 2

Top 10 Holdings

  1. United Parcel Service Inc Class B 3.26%
  2. Danaher Corp 3.92%
  3. Intel Corp 3.60%
  4. Gilead Sciences Inc 4.85%
  5. Wells Fargo & Co 4.87%
  6. Apple Inc 4.09%
  7. Charles Schwab Corp 3.70%
  8. Walt Disney Co 3.59%
  9. CVS Health Corp 3.13%
  10. Praxair Inc 3.20%

Asset Allocation

Weighting Category Low Category High PRBLX % Rank Quintile
Stocks
97.62% 0.00% 118.62% 11.34% 3
Cash
2.38% -103.42% 132.07% 14.10% 2
Other
0.00% -81.75% 100.00% 10.86% 5
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 5
Preferred Stocks
0.00% 0.00% 90.60% 3.53% 5
Bonds
0.00% -13.88% 103.49% 7.25% 5

Stock Sector Breakdown

Weighting Category Low Category High PRBLX % Rank Quintile
Technology
22.14% 0.00% 63.16% 3.46% 1
Industrials
21.87% 0.00% 48.43% 1.37% 1
Healthcare
14.58% 0.00% 30.94% 11.75% 3
Financial Services
13.32% 0.00% 46.84% 19.54% 4
Consumer Defense
9.21% 0.00% 48.03% 12.83% 3
Basic Materials
7.40% 0.00% 23.55% 2.09% 1
Consumer Cyclical
6.32% 0.00% 47.61% 25.45% 5
Energy
2.80% -3.67% 22.58% 24.08% 5
Real Estate
0.00% -0.11% 12.73% 18.96% 5
Communication Services
0.00% -3.08% 17.25% 22.35% 5
Utilities
0.00% -3.74% 25.88% 18.89% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRBLX % Rank Quintile
US
93.10% 0.00% 118.15% 16.47% 3
Non US
4.52% -0.64% 94.30% 11.87% 2

PRBLX - Expenses

Operational Fees

PRBLX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.88% 0.02% 303.36% 15.95% 2
Management Fee 0.60% 0.00% 2.25% 3.23% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

PRBLX Fees (% of AUM) Category Low Category High PRBLX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

PRBLX Fees (% of AUM) Category Low Category High PRBLX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% 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.

PRBLX Fees (% of AUM) Category Low Category High PRBLX Rank Quintile
Turnover 26.90% 0.00% 1754.00% 12.63% 2

PRBLX - Distributions

Dividend Yield Analysis

PRBLX Category Low Category High PRBLX % Rank Quintile
Dividend Yield 0.8% 0.00% 11.20% 4.77% 1

Dividend Distribution Analysis

PRBLX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRBLX Category Low Category High PRBLX % Rank Quintile
Net Income Ratio 1.03% -2.05% 3.95% 10.97% 3

Capital Gain Distribution Analysis

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

PRBLX - Managers

Benjamin E. Allen

Manager

Start Date

May 01, 2012

Tenure

4.5

Tenure Rank

7.8%

Benjamin E. Allen is a Portfolio Manager of the Parnassus Core Equity strategy. He joined Parnassus Investments in 2005 as a Senior Research Analyst and was previously a Parnassus research intern. In 2008, Mr. Allen was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity strategy in 2012. In Prior to joining the firm, Mr. Allen worked at Morgan Stanley in New York, first as an Investment Banking Analyst and later in the firm’s venture capital group. Raised in Massachusetts, he is an alumnus of the Boston Latin School. Mr. Allen graduated Phi Beta Kappa and magna cum laude from Georgetown University with a bachelor's degree in government, and completed the general course in philosophy at the London School of Economics. Mr. Allen received his master’s degree in business administration from the University of California, Berkeley.


Todd C. Ahlsten

Lead Manager

Start Date

May 01, 2001

Tenure

15.51

Tenure Rank

1.9%

Todd C. Ahlsten is the Vice President, the Chief Investment Officer and the lead Portfolio Manager of the Parnassus Core Equity strategy. He joined Parnassus Investments in 1995 as a Research Analyst and was previously a Parnassus research intern. In 1998, Mr. Ahlsten was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity strategy in 2001. He became Chief Investment Officer in 2008. Mr. Ahlsten received his bachelor's degree in business administration from the University of California, Berkeley with an emphasis in finance and accounting.


Tenure Analysis

Category Low

0.0

Category High

81.0

Category Average

6.06

Category Mode

4.8