Parnassus Fund (PARNX)

49.89
Net Asset Value
-0.12%
1 Day
+8.79%
Year-to-Date
Overall Morningstar Rating
Large growth
Style or Category
No Load
Sales Expenses
0.86%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks capital appreciation. The fund invests in undervalued stocks. It follows a "contrarian" strategy of seeking to invest in stocks that are currently out of favor with the financial community and are therefore deeply undervalued. The fund's investment adviser expects that if these undervalued companies are financially strong and have good prospects for the future, they will come back into favor and increase in market value. It is a "multi-cap" fund in that it can invest in companies of any size, from larger, well-established companies to smaller companies with market capitalizations below $1 billion.

Performance

1 month+1.36% 3 years+30.29%
3 months+5.61% 5 years+17.17%
1 year+24.40% Since inception+10.17%
Data through --

Peer Comparisonvs. Large growth

 PARNXCategory
Performance 5-yr return+17.17%+17.64%
Expense ratio0.86%1.24%
Risk 5 year sharpe ratio0.991.06
Net assets$609.4M$2.6B
Average market cap$16.8B$69.9B
Average P/E16.422.3
Portfolio turnover65%65%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyParnassus
Fund manager & tenureJerome Dodson / 29 Years
Minimal initial investment$2,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock82.69%
International stock15.26%
Cash2.04%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Telecommunication 19.81%
Hardware 16.41%
Financial service 14.79%
Industrial materials 13.74%
Consumer service 8.32%
Top 10 Holdings
Portfolio weighting
AMAT Applied Materials Inc4.80%
IBM International Business Machines Corp4.70%
CHRW CH Robinson Worldwide Inc4.41%
CIEN Ciena Corp3.83%
EQIX Equinix Inc3.51%
PHM PulteGroup Inc3.32%
DISCA Discovery Communications Inc Class A3.14%
-- Thomson Reuters Corp3.09%
QCOM Qualcomm Inc3.01%
AL Air Lease Corp Class A2.88%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.