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Parnassus Core Equity Fund

Shareclass
Parnassus Core Equity Institutional (PRILX)
Type
Open-end mutual fund
Manager
Parnassus
Sustainability mandate
Member of US-SIF
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
13.26%
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.
Learn more: Forum for Sustainable and Responsible Investment
Member of The Forum for Sustainable and ResponsibleInvestment icon
This fund contains
 $4.09 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
1.94% of assets
$598.8 MILLION invested
consumers
Major consumer brands
5 holdings
11% of assets
$3.5 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
    1.94%1.94% of portfolio
    $598.8M$598.8M 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. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    5.28%5.28% of portfolio
    $1.63B$1.63B invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Costco Wholesale Corp
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.76%1.76% of portfolio
    $542.38M$542.38M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 3. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    1.72%1.72% of portfolio
    $530M$530M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 4. Sysco Corp
    Soy major consumer brandCattle major consumer brandPalm oil major consumer brand
    1.29%1.29% of portfolio
    $399.7M$399.7M invested
    Soy major consumer brandCattle major consumer brandPalm oil major consumer brand
  • 5. Mondelez International Inc Class A
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.27%1.27% of portfolio
    $393.4M$393.4M invested
    Soy major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
View more info
DATA AS OF 30 Sep 2024
Invest Your Values
Sustainability report card
As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.
Parnassus Core Equity Fund PRILX
Member of USSIFsocially responsible

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Financial performance
Performance data provided byMorningstarFind more financial data on PRILX at Morningstar.com
Current fund
PRILX
Parnassus Core Equity Fund
Family
Parnassus
Category
Large Blend
Find another fund
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Change benchmark
Fund comparison settings
Investment timeline
Performance as of: 10/31/24
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 
-0.64% less in annualized returns
Less invested in commodity producers 
0.17% less invested
Less invested in banks and lenders 
0.5% less invested
Less invested in major consumer brands 
0.17% less invested
Current fund
PRILX
Parnassus Core Equity Fund
Family
Parnassus
Category
Large Blend
Find another fund
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Change benchmark
Fund comparison settings
Investment timeline
Performance as of: 10/31/24
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 
-0.64% less in annualized returns
Less invested in commodity producers 
0.17% less invested
Less invested in banks and lenders 
0.5% less invested
Less invested in major consumer brands 
0.17% less invested
Current fund
PRILX
Parnassus Core Equity Fund
Family
Parnassus
Category
Large Blend
Find another fund
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Change benchmark
Fund comparison settings
Investment timeline
Performance as of: 10/31/24
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 
-0.64% less in annualized returns
Less invested in commodity producers 
0.17% less invested
Less invested in banks and lenders 
0.5% less invested
Less invested in major consumer brands 
0.17% less invested
Month-end trailing returns  
Performance as of date: 10/31/24
Morningstar suggested benchmark: S&P 500 TR USD
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
PRILX - Parnassus Core Equity Fund
32%
7.49%
14%
12%
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
38%
9.05%
15%
13%
0.17% 
Fund compared to benchmark
 
-5.87%
-1.56%
-0.92%
-0.64%
0.17%  lower
Find more financial data on PRILX at Morningstar.com
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