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Parnassus Value Equity Investor PARWX

Medalist Rating as of | See Parnassus Investment Hub
  • NAV / 1-Day Return 48.50  /  0.31 %
  • Total Assets 4.7 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 1.11%
  • Turnover 32%

Morningstar’s Analysis PARWX

Will PARWX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Parnassus Updates ESG Exclusions; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

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.

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Portfolio Holdings PARWX

  • Current Portfolio Date
  • Equity Holdings 44
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 32.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
4.25
183,058,636
Communication Services
3.76
161,958,620
Financial Services
3.43
148,019,582
Technology
3.17
136,512,102
Healthcare
3.12
134,250,577
Technology
3.05
131,382,644
Consumer Defensive
2.95
126,942,127
Financial Services
2.86
123,221,118
Communication Services
2.79
120,129,013
Technology
2.78
119,999,912
Consumer Cyclical