About PRBLX
Parnassus Core Equity Fund Investor Shares is a mutual fund that focuses on achieving both capital appreciation and current income through a diversified portfolio of primarily U.S. large-cap equity securities. Its investment approach is value-oriented, meaning it seeks companies that are financially sound and have strong prospects for long-term growth. The fund typically invests at least 80% of its net assets in equity securities, including common and preferred stock, with a significant portion—at least 65%—in companies that pay dividends or interest. While its core holdings are large, well-established firms, the fund may also allocate assets to mid- and small-cap companies as well as a modest allocation to foreign stocks and cash equivalents. The portfolio is high-conviction, generally containing around 40 holdings, and emphasizes downside protection. Notable sectors represented include information technology, consumer discretionary, industrials, financials, and real estate, with major holdings such as Microsoft, Amazon.com, and NVIDIA. The fund is recognized for integrating sustainable investment principles, reflecting its commitment to environmental, social, and governance (ESG) criteria within its selection process. Its performance and style align closely with the large blend mutual fund category, offering a balance between growth and value investments.
Fund Family Parnassus
Category Large Blend
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PRBLX
Share Class Investor Shares
Index S&P 500 TR
PRBLX had a total return of 8.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.91%.
