Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

PRBLX Parnassus Core Equity Investor

  • Fund
  • PRBLX
  • Price as of: Jul 19, 2019
  • $47.57 - $0.33 - 0.69%
  • Category
  • Large Cap Blend Equities

PRBLX - Profile

Vitals

  • YTD Return 22.0%
  • 3 Yr Annualized Return 6.4%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $17 B
  • Holdings in Top 10 38.2%

52 WEEK LOW AND HIGH

$47.57
$36.74
$48.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.43%

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 22.0%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Todd C. Ahlsten

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 (%)
YTD 22.0% -12.0% 37.1% 9.93%
1 Yr 5.6% -60.0% 35.1% 7.92%
3 Yr 6.4%* -32.6% 22.3% 27.38%
5 Yr 3.7%* -23.0% 12.8% 29.44%
10 Yr 8.7%* -6.4% 14.4% 34.62%

* Annualized


Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -67.0% 16.7% 18.11%
2017 8.6% -32.8% 34.8% 69.29%
2016 6.3% -28.0% 20.8% 48.92%
2015 -9.1% -46.9% 5.7% 66.98%
2014 10.9% -24.8% 53.8% 19.67%

Total Return Ranking - Trailing

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.0% -12.0% 37.1% 9.93%
1 Yr 5.6% -60.0% 35.9% 21.22%
3 Yr 6.4%* -32.6% 22.8% 62.36%
5 Yr 3.7%* -21.7% 13.8% 68.06%
10 Yr 8.7%* -3.1% 18.6% 73.82%

* Annualized


Total Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -67.0% 17.4% 40.08%
2017 8.6% -22.1% 34.8% 86.94%
2016 6.3% -14.7% 21.8% 74.46%
2015 -9.1% -23.7% 7.0% 85.76%
2014 10.9% -24.8% 56.3% 43.06%

NAV & Total Return History

PRBLX - Holdings

Concentration Analysis

PRBLX Category Low Category High PRBLX % Rank
Net Assets 17 B 1.75 M 814 B 6.05%
Number of Holdings 40 10 3640 83.37%
Net Assets in Top 10 6.52 B -972 M 144 B 4.33%
Weighting of Top 10 38.23% 2.4% 441.5% 26.61%

Top 10 Holdings

  1. Microsoft Corp 6.03%

  2. The Walt Disney Co 5.09%

  3. Linde PLC 3.93%

  4. Danaher Corp 3.55%

  5. Mastercard Inc A 3.53%

  6. American Express Co 3.51%

  7. Clorox Co 3.21%

  8. Cadence Design Systems Inc 3.18%

  9. Costco Wholesale Corp 3.11%

  10. Cerner Corp 3.08%


Asset Allocation

Weighting Return Low Return High PRBLX % Rank
Stocks
96.73% -1.61% 121.22% 69.05%
Cash
3.27% -113.33% 79.66% 23.19%
Preferred Stocks
0.00% -0.31% 6.86% 80.85%
Other
0.00% -21.65% 22.51% 79.23%
Convertible Bonds
0.00% 0.00% 3.11% 80.95%
Bonds
0.00% -49.90% 111.17% 82.56%

Stock Sector Breakdown

Weighting Return Low Return High PRBLX % Rank
Technology
25.43% 0.00% 62.21% 10.29%
Industrials
14.29% 0.00% 36.25% 12.01%
Consumer Defense
13.54% 0.00% 64.11% 4.54%
Financial Services
12.45% 0.00% 54.06% 80.63%
Consumer Cyclical
10.16% -14.17% 32.44% 69.63%
Healthcare
10.01% 0.00% 27.42% 76.19%
Basic Materials
6.42% 0.00% 25.02% 4.14%
Real Estate
4.44% -0.05% 95.70% 13.02%
Utilities
0.00% 0.00% 21.16% 96.17%
Energy
0.00% 0.00% 98.96% 97.88%
Communication Services
0.00% 0.00% 14.58% 97.38%

Stock Geographic Breakdown

Weighting Return Low Return High PRBLX % Rank
US
92.80% -1.61% 119.53% 56.75%
Non US
3.93% 0.00% 92.97% 42.94%

PRBLX - Expenses

Operational Fees

PRBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.00% 39.68% 60.95%
Management Fee 0.58% 0.00% 1.50% 54.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

PRBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

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

PRBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.43% 0.00% 836.00% 42.65%

PRBLX - Distributions

Dividend Yield Analysis

PRBLX Category Low Category High PRBLX % Rank
Dividend Yield 0.00% 0.00% 0.09% 64.72%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRBLX Category Low Category High PRBLX % Rank
Net Income Ratio 1.03% -1.49% 3.90% 47.97%

Capital Gain Distribution Analysis

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

PRBLX - Managers

Todd C. Ahlsten

Manager

Start Date

Tenure

Tenure Rank

May 01, 2001

18.18

18.2%

Todd C. Ahlsten is a Vice President and Chief Investment Officer at Parnassus Investments, where he has worked since 1995. 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.


Benjamin E. Allen

Manager

Start Date

Tenure

Tenure Rank

May 01, 2012

7.17

7.2%

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.


Tenure Analysis

Category Low

0.0

Category High

83.67

Category Average

6.97

Category Mode

3.79