An upcoming process change introduces uncertainty, dropping the Morningstar Analyst Rating of Parnassus' two share classes to Neutral from Bronze.
Will PARNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PARNX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PARNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PARNX’s parent organization’s priorities and whether they’re in line with investors’ interests.