Parnassus Core is trading at 65.94 as of the 22nd of November 2024; that is 0.89 percent down since the beginning of the trading day. The fund's open price was 66.53. Parnassus Core has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Parnassus E Equity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2023 and ending today, the 22nd of November 2024. Click here to learn more.
The funds objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80 percent of its net assets in equity securities. More on Parnassus E Equity
Parnassus E Equity [PRBLX] is traded in USA and was established 22nd of November 2024. Parnassus Core is listed under Parnassus category by Fama And French industry classification. The fund is listed under Large Blend category and is part of Parnassus family. This fund at this time has accumulated 26.97 B in assets with no minimum investment requirementsParnassus E Equity is currently producing year-to-date (YTD) return of 19.31% with the current yeild of 0.0%, while the total return for the last 3 years was 7.41%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Parnassus Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Parnassus Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Parnassus E Equity Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Other Information on Investing in Parnassus Mutual Fund
Parnassus Core financial ratios help investors to determine whether Parnassus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parnassus with respect to the benefits of owning Parnassus Core security.