Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Parnassus Fund (PARNX)

Net Asset Value
1 Day
Overall Morningstar Rating
Large growth
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month-1.01% 3 years+11.02%
3 months+6.73% 5 years+12.18%
1 year-5.56% Since inception+9.80%
Data through --

Peer Comparisonvs. Large growth

Performance 5-yr return+12.18%+9.88%
Expense ratio0.84%1.18%
Risk 5 year sharpe ratio0.690.71
Net assets$724.8M$2.7B
Average market cap$23.3B$84.3B
Average P/E16.821.9
Portfolio turnover69%69%

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 / 31 Years
Minimal initial investment$2,000.00
Minimum IRA investment$500.00


U.S. stock88.30%
International stock5.26%
Fixed income0.00%
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
IBM IBM4.75%
CIEN Ciena Corp4.20%
SCHW Charles Schwab3.93%
-- 3.90%
AXP American Express3.85%
MU Micron Technology Inc3.42%
AMAT Applied Materials Inc3.40%
MSI Motorola3.12%
GILD Gilead Sciences3.12%
MDLZ Mondelez International Inc3.06%

Partner Offers