Parnassus Value Equity Fund

Shareclass
Parnassus Value Equity Institutional (PFPWX)
Type
Open-end mutual fund
Manager
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
8.77%
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
3
holdings flagged
8.77%
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
 $439.73 MILLION invested 
in holdings flagged for deforestation risk
Take action
producers
Commodity producers
0 holdings
0% of assets
$0 invested
banks
Banks and lenders
2 holdings
5.75% of assets
$288.28 MILLION invested
consumers
Major consumer brands
1 holdings
3.02% of assets
$151.46 MILLION 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
2 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).
2 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Bank of America Corp
    3.3%3.3% of portfolio
    $165.31M$165.31M invested
  • 2. Citigroup Inc
    2.45%2.45% of portfolio
    $122.97M$122.97M invested
Major consumer brands
Major consumer brands
1 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).
1 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Sysco Corp
    Soy major consumer brandCattle major consumer brandPalm oil major consumer brand
    3.02%3.02% of portfolio
    $151.46M$151.46M invested
    Soy major consumer brandCattle major consumer brandPalm oil major consumer brand
View more info
DATA AS OF 31 Jul 2024
Financial performance
Performance data provided byMorningstarFind more financial data on PFPWX at Morningstar.com
Current fund
PFPWX
Parnassus Value Equity Fund
Family
Parnassus
Category
Large Value
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/24
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:
Higher 10-yr returns 
0.15% more in annualized returns
Less invested in commodity producers 
0.19% less invested
More invested in banks and lenders 
3.28% more invested
Less invested in major consumer brands 
8.54% less invested
Current fund
PFPWX
Parnassus Value Equity Fund
Family
Parnassus
Category
Large Value
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/24
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:
Higher 10-yr returns 
0.15% more in annualized returns
Less invested in commodity producers 
0.19% less invested
More invested in banks and lenders 
3.28% more invested
Less invested in major consumer brands 
8.54% less invested
Current fund
PFPWX
Parnassus Value Equity Fund
Family
Parnassus
Category
Large Value
vs.
Benchmark
IVV
iShares Core S&P 500 ETF
Family
iShares from BlackRock
Category
Large Blend
Fund comparison settings
Investment timeline
Performance as of: 8/31/24
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:
Higher 10-yr returns 
0.15% more in annualized returns
Less invested in commodity producers 
0.19% less invested
More invested in banks and lenders 
3.28% more invested
Less invested in major consumer brands 
8.54% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
PFPWX - Parnassus Value Equity Fund
19%
4.05%
16%
13%
0% 
Benchmark
IVV - iShares Core S&P 500 ETF
27%
9.35%
16%
13%
0.19% 
Fund compared to benchmark
 
-8.06%
-5.3%
0.28%
0.15%
0.19%  lower
Find more financial data on PFPWX 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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