Parnassus announced that the firm removed its long-held nuclear power exclusion for firm holdings as of May 1, 2023. To support the transition to a low-carbon economy, the firm felt it necessary to remove its nuclear power exclusion. It will still emphasize reputational and material ESG risk assessments of its potential investments. This expands the firm's universe by roughly 20 companies, mainly utilities. There are no other changes to the firm's investment approach, and we do not expect this change to materially impact the portfolio characteristics or holdings. It does not change Parnassus funds' Morningstar Medalist Ratings.
- NAV / 1-Day Return 45.74 / 2.01 %
- Total Assets 4.6 Bil
-
Adj. Expense Ratio
0.880%
- Expense Ratio 0.880%
- Distribution Fee Level Average
- Share Class Type No Load
- Category Large Value
- Investment Style Large Value
- Min. Initial Investment 2,000
- Status Open
- TTM Yield 1.18%
- Turnover 32%
Morningstar’s Analysis PARWX
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Process Pillar
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Parent Pillar
- Current Portfolio Date
- Equity Holdings 45
- Bond Holdings 0
- Other Holdings 1
- % Assets in Top 10 Holdings 30.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector