Sustainable, Responsible and Impact Mutual Fund and ETF Chart
Jump to: General Fund Information | Fund Institution Information | Account Minimums | Methodology | Proxy Voting Information | Specific Screening Information by Category | Performance Data
General Fund Information - [Return to Top]
Ticker: PARWX
Assets under management (AUM): $4920.38M (in US$ millions) - See other performance data below
General Fund Type: Equity Large Cap
Specific Sizes or Types of Investments: Large-Cap Value
Financial Objective: Capital appreciation
Specific ESG Focus: --
To invest, call: (800) 999-3505
Institution Name:
Parnassus Investments
Mutual Funds Description: Parnassus Investments was founded by Jerome L. Dodson in San Francisco in 1984 as an investment management company offering responsible investment funds to the public. Parnassus offers highly active U.S. equity and fixed income strategies with long-term track records. The firm seeks to invest in businesses with increasingly relevant products or services, sustainable competitive advantages, quality management teams and ethical business practices. All the investment strategies consider ESG factors as part of the investment process.
Contact info:
1 Market Street, Suite 1600
San Francisco,CA 94105-1407
United States
Phone: (415) 778-2678
Fax: (415) 778-0228
Email: Joe.Sinha@parnassus.com
Web: http://www.parnassus.com (Opens in a new window)
Account Minimums - [Return to Top]
Minimum Account: $2,000
Minimum IRA:
$500
Screening Venue: In-house
Screening Party:
Parnassus Investments
Screening Database Used:
Parnassus Investments research analysts perform proprietary research informed by in-house and third-party sources such as MSCI and Sustainalytics.
Screening Process:
At Parnassus Investments, our Sustainable Investment Policy defines our Principles which describe the business conduct we seek for companies to succeed and create enduring value for investors, including:
· Demonstrating respect for human, worker and community rights
· Pursuing environmental sustainability and climate change mitigation
· Promoting product responsibility
· Upholding ethics and transparency
Our analysts conduct fundamental research to identify high-quality companies in the pursuit of strong long-term investment returns. Although we do not exclude any company or industry from consideration as a potential investment, we may have limited to no exposure to businesses that are materially involved in certain activities related to our Principles. Examples include companies that manufacture weapons or tobacco or that explore for, extract, produce or refine fossil fuels. We also consider the business's sustainability-related risks and opportunities in our proxy voting and engagement strategies.
Proxy Voting Information - [Return to Top]
Proxy Voting Guidelines or Policies: Open external link in new window
Proxy Voting Records: Open external link in new window
Specific Screening Information by Category - [Return to Top]
Environment
- Climate / Clean Technology: Combination of Positive and Restricted/Exclusionary Strategies
- Pollution / Toxics: Restricted/Exclusionary Investment
- Other Environmental: Combination of Positive and Restricted/Exclusionary Strategies
Social
- Community Development: No Screens
- Diversity & Equal Employment Opportunity: Combination of Positive and Restricted/Exclusionary Strategies
- Human Rights: Combination of Positive and Restricted/Exclusionary Strategies
- Labor Relations: Combination of Positive and Restricted/Exclusionary Strategies
- Conflict Risk: Restricted/Exclusionary Investment
Governance
- Board Issues: Combination of Positive and Restricted/Exclusionary Strategies
- Executive Pay: Combination of Positive and Restricted/Exclusionary Strategies
Products
- Alcohol: Restricted/Exclusionary Investment
- Animal Welfare: Restricted/Exclusionary Investment
- Defense/Weapons: Positive Investment
- Gambling: Restricted/Exclusionary Investment
- Tobacco: Restricted/Exclusionary Investment
Other
- Shareholder Engagement - Shareholder Resolutions: Filed or co-filed with companies on environmental, social or governance issues
- Shareholder Engagement - Private Dialogue: Conducted with companies on environmental, social or governance issues
Performance Data - [Return to Top]
Data provided by:
- Information current as of December 31, 2023
Year-to-date rate of return: 13.7%
1-year rate of return: 13.7%
3-year rate of return: 8.73%
5-year rate of return: 16.9%
10-year rate of return: 12.89%
Previous year rate of return: -13.85%
Management fee: 0.66%
Expense ratio: 0.88%
Standard deviation: 17.96%
Benchmark used: Russell 1000 Value Index
Disclaimer:
The gross expense ratio for the Parnassus Value Equity Fund (Investor Shares) is 0.93%. As described in the Fund's current prospectus dated May 1, 2024, Parnassus Investments has contractually agreed to waive 0.05% of its management fee and to reimburse the Fund for expenses to the extent necessary to limit total annual fund operating expenses to 0.88% of net assets for the Parnassus Value Equity Fund (Investor Shares). This agreement will not be terminated prior to May 1, 2025, and may be continued indefinitely by the investment adviser on a year-to-year basis. The net expense ratio is what investors pay.
Mutual fund investing involves risk, and loss of principal is possible.
Performance data quoted represent past performance and are no guarantee of future returns. Current performance may be lower or higher than the performance data quoted. Current performance information to the most recent month-end is available on the Parnassus website (www.parnassus.com). Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original principal cost.
Standardized performance data can be found here.
Before investing, an investor should carefully consider the investment objectives, risks, charges and expenses of a fund and should carefully read the prospectus or summary prospectus, which contains this and other information and can be found in our Literature and Forms section or by calling (800) 999-3505.
The Parnassus Funds are distributed by Parnassus Funds Distributor, LLC.