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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$53.68

$5 B

1.33%

$0.71

0.72%

Vitals

YTD Return

6.0%

1 yr return

16.9%

3 Yr Avg Return

3.2%

5 Yr Avg Return

14.9%

Net Assets

$5 B

Holdings in Top 10

32.3%

52 WEEK LOW AND HIGH

$53.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 37.22%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$53.68

$5 B

1.33%

$0.71

0.72%

PFPWX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.39%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Parnassus Value Equity Fund
  • Fund Family Name
    Parnassus Funds
  • Inception Date
    Apr 30, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Billy Hwan

Fund Description

The Parnassus Value Equity Fund’s objective is to achieve capital appreciation 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. 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. The Parnassus Value Equity Fund is primarily a large-cap fund, which means that it normally invests more than half of its net assets in large, well-established companies. The Fund may invest to a lesser extent in small-and mid-capitalization companies. The Fund may purchase foreign securities directly on foreign markets. The Fund invests mainly in domestic stocks of companies that are financially sound and have good prospects for the future, and to a
lesser extent may also invest in foreign securities of similar companies. To determine a company’s prospects, the Fund’s investment adviser, Parnassus Investments, LLC (the “Adviser”), reviews the company’s income statement, cash flow statement and balance sheet, and analyzes the company’s sustainable strategic advantage and management team. Upon initial investment, a company’s stock must be deemed to represent relative value. To determine whether the company demonstrates relative value, the Adviser considers the companies valuation relative to its own valuation history and relative to similar companies operating in the same industry. As part of the Adviser’s investment approach, the Adviser seeks to invest in companies with sustainable business practices, in alignment with our investment philosophy, as we believe these factors are relevant to our assessment of quality and the risk-return profiles of companies in the Funds. The Fund will evaluate whether it will continue to hold or sell a security if the Adviser believes a company’s fundamentals will deteriorate, if it believes a company’s stock has little potential for appreciation or if the company no longer meets the Adviser’s sustainable investment expectations and the Adviser does not believe it is an appropriate investment for the Fund following such changes.
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PFPWX - Performance

Return Ranking - Trailing

Period PFPWX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -6.8% 41.1% 71.45%
1 Yr 16.9% -1.9% 53.5% 49.77%
3 Yr 3.2%* -4.1% 30.9% 93.12%
5 Yr 14.9%* -0.2% 43.4% 3.55%
10 Yr N/A* 0.9% 24.1% 0.10%

* Annualized

Return Ranking - Calendar

Period PFPWX Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% -16.9% 46.1% 19.53%
2022 -16.2% -64.7% 4.6% 81.03%
2021 11.9% -44.2% 57.5% 68.40%
2020 26.6% -23.2% 285.0% 1.45%
2019 32.2% -21.4% 48.5% 1.00%

Total Return Ranking - Trailing

Period PFPWX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -6.8% 41.1% 71.45%
1 Yr 16.9% -1.9% 53.5% 49.77%
3 Yr 3.2%* -4.1% 30.9% 93.12%
5 Yr 14.9%* -0.2% 43.4% 3.55%
10 Yr N/A* 0.9% 24.1% 0.10%

* Annualized

Total Return Ranking - Calendar

Period PFPWX Return Category Return Low Category Return High Rank in Category (%)
2023 13.9% -15.9% 46.7% 27.85%
2022 -13.7% -42.0% 8.5% 95.69%
2021 31.4% 3.6% 129.7% 7.74%
2020 27.7% -22.6% 304.8% 2.13%
2019 33.6% -12.7% 52.1% 1.89%

NAV & Total Return History


PFPWX - Holdings

Concentration Analysis

PFPWX Category Low Category High PFPWX % Rank
Net Assets 5 B 1.69 M 163 B 21.73%
Number of Holdings 50 2 1683 79.17%
Net Assets in Top 10 1.7 B 435 K 38.9 B 18.21%
Weighting of Top 10 32.31% 4.8% 98.8% 30.53%

Top 10 Holdings

  1. Micron Technology Inc. 4.02%
  2. Verizon Communications Inc. 3.98%
  3. Bank of America Corp. 3.47%
  4. Ball Corp. 3.19%
  5. Intel Corp. 3.09%
  6. Sysco Corp. 3.05%
  7. Oracle Corp. 3.00%
  8. The Progressive Corp. 2.93%
  9. Global Payments Inc. 2.87%
  10. Deere Co. 2.72%

Asset Allocation

Weighting Return Low Return High PFPWX % Rank
Stocks
99.25% 2.48% 108.67% 27.77%
Cash
0.75% 0.00% 20.27% 68.98%
Preferred Stocks
0.00% 0.00% 14.68% 77.10%
Other
0.00% -1.68% 42.55% 82.42%
Convertible Bonds
0.00% 0.00% 3.66% 77.26%
Bonds
0.00% -1.92% 77.58% 77.91%

Stock Sector Breakdown

Weighting Return Low Return High PFPWX % Rank
Financial Services
21.56% 0.00% 58.05% 26.66%
Healthcare
21.26% 0.00% 30.08% 11.37%
Technology
18.11% 0.00% 54.02% 8.83%
Industrials
14.69% 0.00% 42.76% 12.19%
Consumer Cyclical
7.80% 0.00% 22.74% 24.29%
Communication Services
7.74% 0.00% 26.58% 20.29%
Consumer Defense
6.66% 0.00% 34.10% 72.79%
Real Estate
2.18% 0.00% 90.54% 58.42%
Utilities
0.00% 0.00% 27.04% 96.63%
Energy
0.00% 0.00% 54.00% 98.45%
Basic Materials
0.00% 0.00% 21.69% 97.18%

Stock Geographic Breakdown

Weighting Return Low Return High PFPWX % Rank
US
99.25% 2.48% 108.67% 23.81%
Non US
0.00% 0.00% 26.07% 82.33%

PFPWX - Expenses

Operational Fees

PFPWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.03% 14.82% 70.77%
Management Fee 0.66% 0.00% 1.50% 68.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

PFPWX 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

PFPWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PFPWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.22% 0.00% 488.00% 49.32%

PFPWX - Distributions

Dividend Yield Analysis

PFPWX Category Low Category High PFPWX % Rank
Dividend Yield 1.33% 0.00% 16.67% 78.79%

Dividend Distribution Analysis

PFPWX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Monthly

Net Income Ratio Analysis

PFPWX Category Low Category High PFPWX % Rank
Net Income Ratio 1.39% -1.51% 4.28% 47.23%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PFPWX - Fund Manager Analysis

Managers

Billy Hwan


Start Date

Tenure

Tenure Rank

May 01, 2018

4.08

4.1%

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 Category High Category Average Category Mode
0.05 86.59 7.96 6.71