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Parnassus Fund (PARNX)

48.16
Net Asset Value
+2.19%
1 Day
+0.15%
Year-to-Date
Overall Morningstar Rating
Large growth
Style or Category
No Load
Sales Expenses
0.84%
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-3.12% 3 years+17.71%
3 months-4.65% 5 years+17.68%
1 year+4.71% Since inception+10.34%
Data through --

Peer Comparisonvs. Large growth

 PARNXCategory
Performance 5-yr return+17.68%+16.96%
Expense ratio0.84%1.20%
Risk 5 year sharpe ratio1.101.19
Net assets$782.9M$2.8B
Average market cap$21.6B$81.2B
Average P/E19.123.1
Portfolio turnover60%60%

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Fund Management and Purchase Info

Fund familyParnassus
Fund manager & tenureJerome Dodson / 30 Years
Minimal initial investment$2,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock90.06%
International stock9.16%
Cash0.79%
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
ALTR Altera Corp8.53%
IBM IBM4.49%
MSI Motorola4.37%
CIEN Ciena Corp4.03%
AXP American Express3.77%
INTC Intel3.63%
AGN Allergan3.50%
AL Air Lease Corp3.50%
WFM Whole Foods Market Inc3.49%
AMAT Applied Materials Inc3.44%

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