PRILX: Parnassus Core Equity Institutional

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PRILX Parnassus Core Equity Institutional


Profile

PRILX - Profile

Vitals

  • YTD Return 7.0%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $20.7 B
  • Holdings in Top 10 42.2%

52 WEEK LOW AND HIGH

$50.39
$34.64
$53.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

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

BROKERAGE FEES

  • Turnover 36.88%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 7.0%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Parnassus Core Equity Fund
  • Fund Family Name
    Parnassus
  • Inception Date
    Apr 28, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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.


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Categories

Performance

PRILX - Performance

Return Ranking - Trailing

Period PRILX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -37.3% 1980.1% 6.40%
1 Yr 6.0% -73.2% 2122.8% 44.13%
3 Yr 5.4%* -33.7% 190.4% 26.18%
5 Yr 5.4%* -21.2% 99.1% 44.56%
10 Yr 7.5%* -6.4% 38.7% 36.14%

* Annualized

Return Ranking - Calendar

Period PRILX Return Category Return Low Category Return High Rank in Category (%)
2019 20.6% -72.6% 39.5% 62.79%
2018 -8.6% -67.0% 10.0% 18.12%
2017 8.6% -32.8% 33.2% 78.85%
2016 6.3% -18.6% 19.7% 58.40%
2015 -9.1% -35.5% 7.8% 72.62%

Total Return Ranking - Trailing

Period PRILX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.0% -37.3% 1980.1% 6.40%
1 Yr 6.0% -73.2% 2122.8% 44.04%
3 Yr 5.4%* -33.7% 190.4% 49.49%
5 Yr 5.4%* -13.8% 99.1% 75.40%
10 Yr 7.5%* -4.8% 38.7% 78.17%

* Annualized

Total Return Ranking - Calendar

Period PRILX Return Category Return Low Category Return High Rank in Category (%)
2019 20.6% -72.6% 39.5% 63.23%
2018 -8.6% -67.0% 10.0% 47.27%
2017 8.6% -22.1% 33.2% 94.15%
2016 6.3% -16.4% 26.8% 81.95%
2015 -9.1% -21.4% 106.5% 91.35%

NAV & Total Return History


Holdings

PRILX - Holdings

Concentration Analysis

PRILX Category Low Category High PRILX % Rank
Net Assets 20.7 B 1.14 K 974 B 6.92%
Number of Holdings 38 1 3529 90.58%
Net Assets in Top 10 8.71 B 48.8 K 236 B 5.09%
Weighting of Top 10 42.18% 2.3% 100.0% 16.07%

Top 10 Holdings

  1. Microsoft Corp 6.37%
  2. Amazon.com Inc 6.02%
  3. Danaher Corp 4.34%
  4. Alphabet Inc A 4.14%
  5. Comcast Corp Class A 4.09%
  6. Mastercard Inc A 3.63%
  7. CME Group Inc Class A 3.48%
  8. Verizon Communications Inc 3.40%
  9. Deere & Co 3.37%
  10. Linde PLC 3.35%

Asset Allocation

Weighting Return Low Return High PRILX % Rank
Stocks
98.45% 80.83% 167.47% 64.58%
Cash
1.55% -110.24% 19.17% 32.69%
Preferred Stocks
0.00% 0.00% 14.67% 91.91%
Other
0.00% -4.07% 83.89% 90.24%
Convertible Bonds
0.00% 0.00% 13.87% 92.08%
Bonds
0.00% 0.00% 72.82% 92.92%

Stock Sector Breakdown

Weighting Return Low Return High PRILX % Rank
Technology
23.61% 0.00% 38.54% 48.22%
Industrials
17.20% 0.00% 28.15% 4.40%
Communication Services
12.14% 0.00% 28.36% 15.06%
Healthcare
11.41% 0.00% 31.05% 90.69%
Consumer Cyclical
11.01% 0.00% 50.96% 58.38%
Consumer Defense
10.26% 0.00% 32.98% 15.23%
Financial Services
9.05% 0.00% 42.66% 91.79%
Basic Materials
3.49% -0.14% 13.17% 22.08%
Real Estate
1.83% 0.00% 12.00% 70.47%
Utilities
0.00% 0.00% 29.37% 99.41%
Energy
0.00% -1.47% 13.74% 99.07%

Stock Geographic Breakdown

Weighting Return Low Return High PRILX % Rank
US
95.10% 80.53% 157.79% 62.22%
Non US
3.35% -1.85% 19.64% 35.53%

Expenses

PRILX - Expenses

Operational Fees

PRILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 49.73% 74.74%
Management Fee 0.58% 0.00% 2.00% 55.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.95% N/A

Sales Fees

PRILX 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

PRILX 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.

PRILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.88% 0.00% 475.00% 54.34%

Distributions

PRILX - Distributions

Dividend Yield Analysis

PRILX Category Low Category High PRILX % Rank
Dividend Yield 0.00% 0.00% 11.12% 92.08%

Dividend Distribution Analysis

PRILX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Semi-Annually Annually

Net Income Ratio Analysis

PRILX Category Low Category High PRILX % Rank
Net Income Ratio 1.02% -3.93% 3.34% 58.66%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PRILX - Fund Manager Analysis

Managers

Todd Ahlsten


Start Date

Tenure

Tenure Rank

May 01, 2001

19.35

19.4%

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

8.34

8.3%

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
0.02 34.15 6.42 0.67