Mutual fund
Parnassus Core Equity Fund
TickerPRBLXMember of USSIFsocially responsible
Fund manager
Parnassus
Deforestation grade: Fund is invested in deforestation-risk banks and lenders and/or major consumer brands, but no holdings flagged for our deforestation-risk agricultural commodity producer/trader screen. Assigned a grade of B.
How we track deforestation-risk investments
B
13.03%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
6
holdings flagged
13%
of assets flagged
Member of the Forum for Sustainable and Responsible Investment
This asset manager is a member of the Forum for Sustainable and Responsible Investment, a group advancing sustainable, responsible, and impact investing.
Member of The Forum for Sustainable and ResponsibleInvestment icon
This fund contains
 $3.35 BILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
0 holdings
0% of assets
$0 invested
banks
Banks and lenders
1 holdings
3.02% of assets
$776.01 MILLION invested
consumers
Major consumer brands
5 holdings
10% of assets
$2.57 BILLION invested
No holdings icon
Commodity producers
0 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
Banks and lenders
Banks and lenders
1 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
1 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Bank of America Corp
    3.02%3.02% of portfolio
    $776.01M$776.01M invested
Major consumer brands
Major consumer brands
5 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
5 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    2.93%2.93% of portfolio
    $751.68M$751.68M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 2. Mondelez International Inc Class A
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    2.47%2.47% of portfolio
    $633.41M$633.41M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. Costco Wholesale Corp
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    2.23%2.23% of portfolio
    $573.15M$573.15M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 4. Sysco Corp
    Soy major consumer brandCattle major consumer brandPalm oil major consumer brand
    1.27%1.27% of portfolio
    $327.4M$327.4M invested
    Soy major consumer brandCattle major consumer brandPalm oil major consumer brand
  • 5. The Home Depot Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    1.11%1.11% of portfolio
    $285.51M$285.51M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
View more info
DATA AS OF 11/30/22
Financial performance
Performance data provided byMorningstarFind more financial data on PRBLX at Morningstar.com
Current fund
PRBLX
Parnassus Core Equity Fund
Family
Parnassus
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 12/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.1% less in annualized returns
Less invested in commodity producers 
0.32% less invested
More invested in banks and lenders 
0.46% more invested
Less invested in major consumer brands 
3.4% less invested
Current fund
PRBLX
Parnassus Core Equity Fund
Family
Parnassus
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 12/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.1% less in annualized returns
Less invested in commodity producers 
0.32% less invested
More invested in banks and lenders 
0.46% more invested
Less invested in major consumer brands 
3.4% less invested
Current fund
PRBLX
Parnassus Core Equity Fund
Family
Parnassus
Category
Large Blend
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 12/31/22
1 year
3 years
5 years
10 years
Benchmark
Suggested: S&P 500
IVV - iShares Core S&P 500 ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-0.1% less in annualized returns
Less invested in commodity producers 
0.32% less invested
More invested in banks and lenders 
0.46% more invested
Less invested in major consumer brands 
3.4% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
PRBLX - Parnassus Core Equity Fund
-18.61%
7.95%
10%
12%
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
-18.13%
7.63%
9.39%
13%
0.32% 
Fund compared to benchmark
 
-0.48%
0.32%
1.02%
-0.1%
0.32%  lower
Find more financial data on PRBLX at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
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