About PRILX
Parnassus Core Equity Fund – Institutional Shares is a large-blend mutual fund focused on delivering both capital appreciation and current income. This fund primarily invests in a diversified selection of approximately 40 U.S. large-cap stocks, carefully chosen for their potential to compound shareholder value over time. The portfolio reflects a high-conviction approach, typically allocating significant positions to leading companies across the information technology, consumer discretionary, communication services, industrials, and financial sectors. Notable holdings as of mid-2025 include Microsoft, Amazon.com, NVIDIA, and Alphabet, illustrating the fund’s emphasis on industry leaders with robust fundamentals.
The fund’s investment strategy is based on a blend style—balancing growth and value characteristics—making it broadly representative of the overall U.S. stock market’s large-cap segment. With a below-average expense ratio and institutional share class structure, it is designed for sizable investments and appeals particularly to institutional investors seeking responsible, actively managed exposure to the U.S. equity market. The management team integrates environmental, social, and governance (ESG) considerations, underlining Parnassus Investments’ reputation as a pioneer in sustainable investing.
Fund Family Parnassus
Category Large Blend
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PRILX
Share Class Institutional Shares
Index S&P 500 TR
PRILX had a total return of 12.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.76%.
