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Morningstar

Parnassus Fixed Income Institutional PFPLX

Morningstar Medalist Rating
Medalist Rating as of | See Parnassus Investment Hub
  • NAV / 1-Day Return 14.35  /  −0.28 %
  • Total Assets 275.0 Mil
  • Adj. Expense Ratio
    0.390%
  • Expense Ratio 0.390%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.42%
  • Effective Duration 6.31 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis PFPLX

Will PFPLX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFPLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PFPLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PFPLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Increased confidence in Parnassus Fixed Income Institutional's prospects relative to its Morningstar Category peers leads to an upgrade in this strategy's Morningstar Medalist Rating to Gold from Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PFPLX

More PFPLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares MBS ETF

7.63 21.5 Mil
—

Cash

2.91 8.2 Mil
Cash and Equivalents

International Finance Corporation 2.125%

2.02 5.7 Mil
Government

United States Treasury Bonds 4%

1.51 4.2 Mil
Government

International Bank for Reconstruction & Development 1.625%

1.46 4.1 Mil
Government

International Finance Corporation 4.375%

1.41 4.0 Mil
Government

Sysco Corporation 2.4%

1.38 3.9 Mil
Corporate

International Bank for Reconstruction & Development 3.125%

1.38 3.9 Mil
Government

Federal National Mortgage Association 5.5%

1.38 3.9 Mil
Securitized

Public Service Company of Oklahoma 2.2%

1.30 3.7 Mil
Corporate