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PRBLX Parnassus Core Equity Investor

  • Fund
  • PRBLX
  • Price as of: Apr 23, 2019
  • $45.61 + $0.40 + 0.89%
  • Category
  • Large Cap Blend Equities

PRBLX - Profile

Vitals

  • YTD Return 17.0%
  • 3 Yr Annualized Return 6.4%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $16.6 B
  • Holdings in Top 10 38.9%

52 WEEK LOW AND HIGH

$45.61
$36.74
$47.19

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 17.0%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 4.0%
  • 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

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 17.0% -14.1% 34.2% 45.43%
1 Yr 7.6% -60.9% 39.1% 15.31%
3 Yr 6.4%* -32.4% 21.5% 31.33%
5 Yr 4.0%* -22.8% 12.9% 32.94%
10 Yr 9.3%* -5.6% 20.0% 37.20%

* Annualized


Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -67.0% 16.7% 18.26%
2017 8.6% -32.8% 34.8% 69.03%
2016 6.3% -28.0% 20.8% 48.42%
2015 -9.1% -46.9% 5.7% 66.43%
2014 10.9% -31.3% 53.8% 19.50%

Total Return Ranking - Trailing

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.0% -14.1% 34.2% 45.43%
1 Yr 7.6% -60.9% 40.0% 34.44%
3 Yr 6.4%* -29.7% 22.0% 66.23%
5 Yr 4.0%* -19.2% 14.3% 71.87%
10 Yr 9.3%* -4.0% 24.7% 76.49%

* Annualized


Total Return Ranking - Calendar

Period PRBLX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.6% -67.0% 17.4% 40.06%
2017 8.6% -22.1% 34.8% 86.74%
2016 6.3% -14.7% 21.8% 73.96%
2015 -9.1% -40.3% 7.0% 85.57%
2014 10.9% -24.8% 56.3% 43.12%

NAV & Total Return History

PRBLX - Holdings

Concentration Analysis

PRBLX Category Low Category High PRBLX % Rank
Net Assets 16.6 B 2.15 M 773 B 6.00%
Number of Holdings 38 7 3615 85.00%
Net Assets in Top 10 6.45 B -57.2 M 135 B 4.30%
Weighting of Top 10 38.87% 2.4% 936.4% 27.00%

Top 10 Holdings

  1. Linde PLC 4.68%

  2. Cadence Design Systems Inc 4.38%

  3. The Walt Disney Co 4.36%

  4. Mastercard Inc A 3.93%

  5. 3M Co 3.89%

  6. Synopsys Inc 3.85%

  7. Danaher Corp 3.51%

  8. Gilead Sciences Inc 3.46%

  9. Clorox Co 3.46%

  10. CVS Health Corp 3.33%


Asset Allocation

Weighting Return Low Return High PRBLX % Rank
Stocks
96.70% -6.79% 687.17% 67.60%
Cash
3.29% -187.97% 74.45% 25.10%
Preferred Stocks
0.00% -0.37% 7.17% 94.60%
Other
0.00% -5.58% 56.83% 93.30%
Convertible Bonds
0.00% 0.00% 2.23% 94.70%
Bonds
0.00% -595.81% 186.14% 94.70%

Stock Sector Breakdown

Weighting Return Low Return High PRBLX % Rank
Technology
23.31% -67.56% 52.42% 20.24%
Industrials
17.59% 0.00% 77.42% 4.11%
Healthcare
12.95% 0.00% 47.60% 60.42%
Financial Services
12.64% 0.00% 187.22% 74.95%
Consumer Cyclical
9.50% 0.00% 32.66% 73.15%
Basic Materials
8.75% 0.00% 90.41% 1.70%
Consumer Defense
8.21% 0.00% 64.11% 25.05%
Real Estate
2.51% -1.66% 13.40% 34.37%
Energy
1.25% -1.23% 306.37% 87.68%
Utilities
0.00% -1.17% 20.22% 97.70%
Communication Services
0.00% -0.57% 14.81% 98.10%

Stock Geographic Breakdown

Weighting Return Low Return High PRBLX % Rank
US
92.02% -6.79% 223.50% 56.50%
Non US
4.68% 0.00% 463.67% 40.20%

PRBLX - Expenses

Operational Fees

PRBLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.00% 153.75% 61.27%
Management Fee 0.58% 0.00% 1.50% 54.30%
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% 42.86%

PRBLX - Distributions

Dividend Yield Analysis

PRBLX Category Low Category High PRBLX % Rank
Dividend Yield 0.01% 0.00% 0.10% 60.20%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRBLX Category Low Category High PRBLX % Rank
Net Income Ratio 1.03% -1.49% 3.64% 45.98%

Capital Gain Distribution Analysis

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

PRBLX - Managers

Tenure Analysis

Category Low

0.0

Category High

83.42

Category Average

7.0

Category Mode

3.54

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