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Parnassus Core Equity Institutional PRILX

Analyst rating as of
NAV / 1-Day Return
49.87  /  0.02 %
Total Assets
19.7 Bil
Adj. Expense Ratio
0.630%
Expense Ratio
0.630%
Fee Level
Below Average
Longest Manager Tenure
19.27 years
Category
US Fund Large Blend
Investment Style
Large Blend
Min. Initial Investment
100,000
Status
Open
TTM Yield
0.87%
Turnover
37%
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Morningstar’s Analysis

Will PRILX outperform in future?

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

Parnassus Core Equity Shines in Recent Sell-Off; Ratings Unchanged

Analyst Note

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Parnassus Core Equity PRBLX has held up well in the downturn that began in U.S. markets on Feb. 20, 2020. From then through March 23, the fund's Investor shares dropped 30.1%. While painful, that fared better than the S&P 500's 33.8% decline and placed in the large-blend Morningstar Category's top decile. Stock selection was solid across most sectors, but industrials picks, including Verisk Analytics VRSK and Waste Management WM, especially buoyed relative results, as did healthcare holdings like Gilead Sciences GILD. The fund also benefited from avoiding the plummeting energy sector.

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