About PARWX
Parnassus Value Equity Fund Investor Shares is an actively managed mutual fund focused on large-cap value equities in the United States. Its primary objective is to achieve capital appreciation by investing in a diversified portfolio of equity securities, including common and preferred stocks. The fund typically holds 40 to 45 high-conviction positions, targeting companies that are, in the view of the management team, undervalued but possess strong prospects for long-term growth. Notably, the fund maintains a high concentration in its top holdings, with approximately 32% of assets allocated to its top ten investments, spanning sectors such as financial services, consumer goods, industrials, and real estate. Launched in 2005, the fund is managed by a team with an average tenure of over three years and is recognized for integrating environmental, social, and governance (ESG) considerations into its investment process. It serves investors seeking exposure to U.S. large-cap stocks with a value-oriented and responsible investment approach, playing a notable role within the U.S. equity mutual fund landscape.
Fund Family Parnassus
Category Large Value
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol PARWX
Share Class Investor Shares
Index Russell 1000 Value TR
PARWX had a total return of 21.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.64%.
