PRBLX: Parnassus Core Equity Fund - MutualFunds.com
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Parnassus Core Equity Investor

PRBLX - Snapshot

Vitals

  • YTD Return 11.4%
  • 3 Yr Annualized Return 20.7%
  • 5 Yr Annualized Return 17.6%
  • Net Assets $27.1 B
  • Holdings in Top 10 38.3%

52 WEEK LOW AND HIGH

$60.20
$42.10
$60.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

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

BROKERAGE FEES

  • Turnover 37.15%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $500

Fund Classification


Compare PRBLX to Popular U.S. Large-Cap Blend Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$104.37

-0.72%

$1.21 T

-

$0.00

10.20%

0.14%

$214.44

-0.81%

$1.21 T

0.98%

$2.15

7.69%

0.03%

$380.86

-0.88%

$731.30 B

1.39%

$5.39

8.45%

0.03%

$383.69

-0.87%

$731.30 B

-

$0.00

10.70%

0.14%

$414.21

-0.89%

$363.96 B

1.32%

$5.56

8.43%

0.09%

PRBLX - Profile

Distributions

  • YTD Total Return 11.4%
  • 3 Yr Annualized Total Return 20.7%
  • 5 Yr Annualized Total Return 17.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.69%
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 Ahlsten

Fund Description

The fund's objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80% of its net assets (plus borrowings for investment purposes) in equity securities. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends.


PRBLX - Performance

Return Ranking - Trailing

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -73.1% 36.7% 47.83%
1 Yr 48.4% 1.3% 112.2% 35.00%
3 Yr 20.7%* -5.2% 25.7% 4.77%
5 Yr 17.6%* 4.2% 25.5% 15.64%
10 Yr 14.3%* 2.7% 15.5% 7.14%

* Annualized

Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
2020 14.1% -40.9% 2181.7% 35.53%
2019 20.6% -22.7% 41.1% 64.76%
2018 -8.6% -100.0% 17.1% 22.49%
2017 8.6% -100.0% 33.2% 80.21%
2016 6.3% -44.8% 25.0% 58.40%

Total Return Ranking - Trailing

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -72.9% 36.7% 49.07%
1 Yr 48.4% 1.3% 112.2% 31.28%
3 Yr 20.7%* -5.2% 25.7% 4.32%
5 Yr 17.6%* 4.2% 25.5% 14.61%
10 Yr 14.3%* 2.7% 15.5% 6.58%

* Annualized

Total Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
2020 14.1% -40.9% 2181.7% 35.53%
2019 20.6% -21.6% 41.1% 65.15%
2018 -8.6% -100.0% 17.1% 48.35%
2017 8.6% -100.0% 33.2% 94.21%
2016 6.3% -13.4% 26.8% 79.62%

NAV & Total Return History


PRBLX - Holdings

Concentration Analysis

PRBLX Category Low Category High PRBLX % Rank
Net Assets 27.1 B 732 K 1.21 T 7.13%
Number of Holdings 40 2 3755 87.25%
Net Assets in Top 10 9.85 B -247 M 246 B 5.67%
Weighting of Top 10 38.27% 2.0% 100.0% 21.23%

Top 10 Holdings

  1. Microsoft Corp 5.50%
  2. Deere & Co 4.81%
  3. Comcast Corp Class A 4.03%
  4. CME Group Inc Class A 3.86%
  5. Amazon.com Inc 3.83%
  6. Danaher Corp 3.68%
  7. Linde PLC 3.35%
  8. Linde PLC 3.35%
  9. Linde PLC 3.35%
  10. Linde PLC 3.35%

Asset Allocation

Weighting Return Low Return High PRBLX % Rank
Stocks
97.77% -6.31% 154.21% 75.32%
Cash
2.23% -87.42% 100.00% 18.83%
Preferred Stocks
0.00% 0.00% 11.50% 60.59%
Other
0.00% -15.45% 100.00% 58.64%
Convertible Bonds
0.00% 0.00% 10.44% 58.43%
Bonds
0.00% -9.53% 81.55% 60.55%

Stock Sector Breakdown

Weighting Return Low Return High PRBLX % Rank
Technology
27.10% 0.00% 57.66% 9.51%
Industrials
16.70% 0.00% 34.46% 7.53%
Financial Services
13.04% 0.00% 51.28% 77.00%
Communication Services
10.29% 0.00% 32.87% 52.09%
Healthcare
8.88% 0.00% 52.91% 91.72%
Consumer Cyclical
8.55% 0.00% 63.52% 83.16%
Consumer Defense
7.42% 0.00% 42.81% 31.76%
Real Estate
4.82% 0.00% 51.99% 7.67%
Basic Materials
3.19% 0.00% 37.14% 30.46%
Utilities
0.00% 0.00% 52.21% 94.18%
Energy
0.00% 0.00% 19.92% 92.81%

Stock Geographic Breakdown

Weighting Return Low Return High PRBLX % Rank
US
94.65% -6.31% 151.35% 66.60%
Non US
3.12% 0.00% 62.89% 38.53%

PRBLX - Expenses

Operational Fees

PRBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.01% 31.14% 50.00%
Management Fee 0.58% 0.00% 2.00% 57.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.95% 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 0.25% 2.00% N/A

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 37.15% 0.00% 438.00% 52.88%

PRBLX - Distributions

Dividend Yield Analysis

PRBLX Category Low Category High PRBLX % Rank
Dividend Yield 0.00% 0.00% 14.66% 62.62%

Dividend Distribution Analysis

PRBLX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Semi-Annually

Net Income Ratio Analysis

PRBLX Category Low Category High PRBLX % Rank
Net Income Ratio 0.69% -3.04% 16.95% 70.16%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PRBLX - Fund Manager Analysis

Managers

Todd Ahlsten


Start Date

Tenure

Tenure Rank

May 01, 2001

20.01

20.0%

Todd Ahlsten is the Chief Investment Officer and lead Portfolio Manager of the Parnassus Core Equity Fund. Mr. Ahlsten has responsibility for portfolio management for the firm’s Core Equity strategy. He also oversees all of the firm’s strategies, including mentoring investment staff, managing investment risk and acting as final arbiter on ESG decisions. He joined Parnassus Investments in 1995 as a Research Analyst after serving as a Parnassus research intern. In 1998, Mr. Ahlsten was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity Fund 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 Allen


Start Date

Tenure

Tenure Rank

May 01, 2012

9.0

9.0%

Benjamin Allen is the Chief Executive Officer of Parnassus Investments and Portfolio Manager of the Parnassus Core Equity Fund. Mr. Allen is responsible for Parnassus’s long-term strategic direction, products and personnel. He is also responsible for portfolio management for the firm’s Core Equity strategy. He joined Parnassus Investments in 2005 as a Senior Research Analyst after serving as a Parnassus research intern. In 2008, Mr. Allen was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity Fund in 2012. 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. 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. He received his master's degree in business administration from the University of California, Berkeley.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 42.35 6.31 1.33