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PARWX Parnassus Endeavor Investor

  • Fund
  • PARWX
  • Price as of: Sep 20, 2019
  • $35.55 - $0.15 - 0.42%

PARWX - Profile

Vitals

  • YTD Return 23.1%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $3.68 B
  • Holdings in Top 10 56.5%

52 WEEK LOW AND HIGH

$35.55
$27.46
$39.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

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

BROKERAGE FEES

  • Turnover 70.96%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 23.1%
  • 3 Yr Annualized Total Return 11.1%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.04%
DIVIDENDS
  • Dividend Yield 1.5%
  • 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 (%)
YTD 23.1% -0.2% 29.7% 8.24%
1 Yr -9.9% -47.1% 10.8% 70.00%
3 Yr 3.9%* -19.9% 14.3% 57.64%
5 Yr 3.5%* -26.5% 10.2% 37.67%
10 Yr 6.8%* -9.6% 12.6% 50.70%

* Annualized


Return Ranking - Calendar

Period PARWX Return Category Return Low Category Return High Rank in Category (%)
2018 -22.4% -51.6% 10.0% 85.73%
2017 12.7% -32.8% 33.2% 57.54%
2016 17.5% -26.1% 19.7% 0.61%
2015 -6.3% -82.5% 7.8% 57.02%
2014 11.0% -28.7% 24.1% 20.79%

Total Return Ranking - Trailing

Period PARWX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.1% -0.2% 29.7% 8.24%
1 Yr 0.2% -39.0% 12.8% 39.22%
3 Yr 11.1%* -19.9% 16.4% 34.88%
5 Yr 11.3%* -17.7% 22.1% 2.20%
10 Yr 13.7%* -4.1% 17.3% 0.78%

* Annualized


Total Return Ranking - Calendar

Period PARWX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.6% -46.2% 10.0% 68.76%
2017 19.9% -22.1% 33.2% 46.69%
2016 21.4% -16.4% 23.8% 0.51%
2015 3.2% -21.4% 106.5% 6.96%
2014 18.5% -24.8% 25.9% 0.46%

NAV & Total Return History

PARWX - Holdings

Concentration Analysis

PARWX Category Low Category High PARWX % Rank
Net Assets 3.68 B 131 K 813 B 22.67%
Number of Holdings 28 2 3592 96.95%
Net Assets in Top 10 2.07 B -123 M 145 B 11.34%
Weighting of Top 10 56.51% 2.9% 216.7% 3.47%

Top 10 Holdings

  1. Applied Materials Inc 8.79%

  2. Micron Technology Inc 7.92%

  3. Lam Research Corp 6.33%

  4. NVIDIA Corp 5.04%

  5. Regeneron Pharmaceuticals Inc 4.95%

  6. Biogen Inc 4.86%

  7. Charles Schwab Corp 4.81%

  8. Perrigo Co PLC 4.73%

  9. Gilead Sciences Inc 4.73%

  10. Gap Inc 4.35%


Asset Allocation

Weighting Return Low Return High PARWX % Rank
Stocks
94.04% 81.63% 128.08% 97.04%
Cash
5.96% -28.09% 18.36% 2.28%
Preferred Stocks
0.00% 0.00% 2.04% 68.87%
Other
0.00% -2.70% 16.72% 67.17%
Convertible Bonds
0.00% 0.00% 7.92% 66.84%
Bonds
0.00% -14.46% 4.83% 67.51%

Stock Sector Breakdown

Weighting Return Low Return High PARWX % Rank
Technology
41.29% 0.00% 46.33% 0.68%
Healthcare
22.66% 0.00% 27.61% 1.02%
Financial Services
14.00% 0.00% 45.41% 82.30%
Consumer Cyclical
8.09% 0.00% 39.96% 87.55%
Industrials
8.01% 0.00% 28.99% 85.01%
Utilities
0.00% -13.57% 19.49% 94.07%
Real Estate
0.00% -1.45% 15.15% 93.23%
Energy
0.00% -0.03% 15.48% 97.38%
Communication Services
0.00% 0.00% 8.92% 96.53%
Consumer Defense
0.00% 0.00% 28.38% 99.75%
Basic Materials
0.00% -3.86% 14.03% 96.53%

Stock Geographic Breakdown

Weighting Return Low Return High PARWX % Rank
US
94.04% 80.15% 127.01% 70.14%
Non US
0.00% -1.05% 20.36% 97.04%

PARWX - Expenses

Operational Fees

PARWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.00% 307.60% 50.00%
Management Fee 0.66% 0.00% 2.00% 71.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

PARWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

PARWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 70.96% 0.00% 838.00% 69.20%

PARWX - Distributions

Dividend Yield Analysis

PARWX Category Low Category High PARWX % Rank
Dividend Yield 1.46% 0.00% 6.36% 10.58%

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
Net Income Ratio 1.04% -2.85% 2.89% 50.95%

Capital Gain Distribution Analysis

PARWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PARWX - Managers

Jerome L. Dodson

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2005

14.35

14.4%

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

Tenure

Tenure Rank

May 01, 2018

1.33

1.3%

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

40.69

Category Average

5.9

Category Mode

3.96