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Parnassus Core Equity Fund
mutual fund
PRBLX
Payout Change
Pending
Price as of:
$61.47
-0.35
-0.57%
primary theme
U.S. Large-Cap Blend Equity
share class
PRBLX (Mutual Fund)
Parnassus Core Equity Fund
Payout Change
Pending
Price as of:
$61.47
-0.35
-0.57%
primary theme
U.S. Large-Cap Blend Equity
share class
PRBLX (Mutual Fund)
Parnassus Core Equity Fund
Payout Change
Pending
Price as of:
$61.47
-0.35
-0.57%
primary theme
U.S. Large-Cap Blend Equity
share class
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
22.2%
1 yr return
24.2%
3 Yr Avg Return
8.5%
5 Yr Avg Return
14.2%
Net Assets
$29.4 B
Holdings in Top 10
43.8%
52 WEEK LOW AND HIGH
$61.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.82%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.82%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PRBLX - Profile
Distributions
- YTD Total Return 22.2%
- 3 Yr Annualized Total Return 8.5%
- 5 Yr Annualized Total Return 14.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.38%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameParnassus Core Equity Fund
-
Fund Family NameParnassus
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTodd Ahlsten
Fund Description
The Parnassus Core Equity Fund’s 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% of its net assets (plus borrowings for investment purposes) in equity securities. At least 65% of the Fund’s total assets will normally be invested in equity securities that pay interest or dividends. The remaining 35% may be invested in non-dividend-paying equity securities, short-term instruments and money-market instruments (i.e., “cash” or cash equivalents). The Parnassus Core Equity Fund is primarily a large-cap fund, which means that it normally invests more than half of its net assets in large, well-established companies. The Fund considers a large-cap company to be one that has a market capitalization that is greater than the median market capitalization of the Russell 1000® Index (which was $14.9 billion as of March 31, 2024) measured at the time of purchase. The Fund may invest to a lesser
extent in small-and mid-capitalization companies. The portfolio managers focus on seeking downside protection. The Fund may purchase foreign securities directly on foreign markets. The Fund invests mainly in domestic stocks of companies that are financially sound and have good prospects for the future, and to a lesser extent may also invest in foreign securities of similar companies. Using a value-oriented investment process, the Fund seeks to invest in equity securities that pay dividends, have the potential for capital appreciation and that the Fund’s investment adviser, Parnassus Investments, LLC, (the “Adviser”), believes have the capacity to raise dividends in the future. To determine a company’s prospects, the Adviser reviews the company’s income statement, cash flow statement and balance sheet, and analyzes the company’s sustainable strategic advantage and management team.
Upon initial investment, a company’s stock must be trading below its intrinsic value, which means that the Adviser seeks to purchase stock trading at a discount to the Adviser’s assessment of the company’s estimated value. As part of the Adviser’s investment approach, the Adviser seeks to invest in companies with sustainable business practices, in alignment with our investment philosophy, as we believe these factors are relevant to our assessment of quality and the risk-return profiles of companies in the Funds. The Fund will evaluate whether it will continue to hold or sell a security if the Adviser believes a company’s fundamentals will deteriorate, if it believes a company’s stock has little potential for appreciation or if the company no longer meets the Adviser’s sustainable investment expectations and the Adviser does not believe it is an appropriate investment for the Fund following such changes.
PRBLX - Performance
Return Ranking - Trailing
| Period | PRBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.2% | 4.3% | 46.2% | 62.53% |
| 1 Yr | 24.2% | 5.8% | 61.3% | 64.02% |
| 3 Yr | 8.5%* | -11.0% | 19.2% | 62.41% |
| 5 Yr | 14.2%* | -7.6% | 110.6% | 46.07% |
| 10 Yr | 12.7%* | -0.1% | 52.9% | 33.41% |
* Annualized
Return Ranking - Calendar
| Period | PRBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.5% | -42.6% | 47.4% | 56.74% |
| 2022 | -26.0% | -56.3% | -4.2% | 81.18% |
| 2021 | 18.2% | -27.2% | 537.8% | 45.85% |
| 2020 | 14.1% | -22.5% | 2181.7% | 37.14% |
| 2019 | 20.6% | -13.5% | 40.4% | 65.25% |
Total Return Ranking - Trailing
| Period | PRBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.2% | 4.3% | 46.2% | 62.53% |
| 1 Yr | 24.2% | 5.8% | 61.3% | 64.02% |
| 3 Yr | 8.5%* | -11.0% | 19.2% | 62.41% |
| 5 Yr | 14.2%* | -7.6% | 110.6% | 46.07% |
| 10 Yr | 12.7%* | -0.1% | 52.9% | 33.41% |
* Annualized
Total Return Ranking - Calendar
| Period | PRBLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 24.9% | -5.0% | 47.4% | 43.42% |
| 2022 | -18.6% | -36.8% | -2.2% | 59.62% |
| 2021 | 27.5% | 3.0% | 537.8% | 39.85% |
| 2020 | 21.2% | -15.8% | 2266.0% | 15.54% |
| 2019 | 30.7% | -0.4% | 241.3% | 42.03% |
NAV & Total Return History
PRBLX - Holdings
Concentration Analysis
| PRBLX | Category Low | Category High | PRBLX % Rank | |
|---|---|---|---|---|
| Net Assets | 29.4 B | 2.34 M | 1.55 T | 8.66% |
| Number of Holdings | 44 | 2 | 3963 | 86.56% |
| Net Assets in Top 10 | 13.5 B | 880 K | 525 B | 8.57% |
| Weighting of Top 10 | 43.80% | 0.3% | 111.6% | 19.37% |
Top 10 Holdings
- MICROSOFT CORP 0.00000000 6.63%
- NVIDIA CORP 0.00000000 6.45%
- AMAZON.COM INC 0.00000000 5.29%
- ALPHABET INC-CL A 0.00000000 4.52%
- REALTY INCOME CORP 0.00000000 3.88%
- SALESFORCE INC 0.00000000 3.87%
- DEERE AND CO 0.00000000 3.61%
- MASTERCARD INC - A 0.00000000 3.29%
- INTERCONTINENTAL EXCHANGE IN 0.00000000 3.28%
- BALL CORP 0.00000000 2.98%
Asset Allocation
| Weighting | Return Low | Return High | PRBLX % Rank | |
|---|---|---|---|---|
| Stocks | 95.22% | 0.00% | 105.79% | 92.33% |
| Other | 3.88% | -13.91% | 100.00% | 3.30% |
| Cash | 0.89% | 0.00% | 99.07% | 54.58% |
| Bonds | 0.01% | 0.00% | 93.85% | 9.89% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 80.46% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 79.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PRBLX % Rank | |
|---|---|---|---|---|
| Technology | 21.98% | 0.00% | 48.94% | 66.33% |
| Financial Services | 16.62% | 0.00% | 55.59% | 19.90% |
| Communication Services | 13.25% | 0.00% | 27.94% | 5.29% |
| Healthcare | 13.08% | 0.00% | 52.29% | 78.51% |
| Industrials | 12.52% | 0.00% | 29.90% | 14.19% |
| Consumer Defense | 6.69% | 0.00% | 47.71% | 54.74% |
| Consumer Cyclical | 6.31% | 0.00% | 30.33% | 88.92% |
| Basic Materials | 4.85% | 0.00% | 25.70% | 11.84% |
| Real Estate | 4.71% | 0.00% | 31.91% | 8.31% |
| Utilities | 0.00% | 0.00% | 20.91% | 97.40% |
| Energy | 0.00% | 0.00% | 41.64% | 98.24% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PRBLX % Rank | |
|---|---|---|---|---|
| US | 95.22% | 0.00% | 105.79% | 82.11% |
| Non US | 0.00% | 0.00% | 63.83% | 82.61% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PRBLX % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | -1.48% | 25.41% | 82.16% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 98.18% |
| Securitized | 0.00% | 0.00% | 52.16% | 78.70% |
| Corporate | 0.00% | 0.00% | 100.00% | 81.47% |
| Municipal | 0.00% | 0.00% | 2.10% | 79.05% |
| Government | 0.00% | 0.00% | 100.00% | 79.74% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PRBLX % Rank | |
|---|---|---|---|---|
| US | 0.01% | 0.00% | 91.39% | 9.89% |
| Non US | 0.00% | 0.00% | 12.06% | 79.14% |
PRBLX - Expenses
Operational Fees
| PRBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.82% | 0.01% | 19.75% | 48.30% |
| Management Fee | 0.57% | 0.00% | 1.90% | 60.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| PRBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PRBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PRBLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.82% | 0.00% | 268.00% | 54.40% |
PRBLX - Distributions
Dividend Yield Analysis
| PRBLX | Category Low | Category High | PRBLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.40% | 0.00% | 25.47% | 77.77% |
Dividend Distribution Analysis
| PRBLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| PRBLX | Category Low | Category High | PRBLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.38% | -54.00% | 2.44% | 69.42% |
Capital Gain Distribution Analysis
| PRBLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 06, 2024 | $5.731 | CapitalGainLongTerm |
| Sep 30, 2024 | $0.062 | OrdinaryDividend |
| Mar 28, 2024 | $0.067 | OrdinaryDividend |
| Dec 20, 2023 | $0.088 | OrdinaryDividend |
| Nov 16, 2023 | $2.997 | CapitalGainLongTerm |
| Sep 29, 2023 | $0.092 | OrdinaryDividend |
| Jun 30, 2023 | $0.066 | OrdinaryDividend |
| Mar 31, 2023 | $0.068 | OrdinaryDividend |
| Dec 21, 2022 | $0.066 | OrdinaryDividend |
| Nov 17, 2022 | $4.522 | CapitalGainLongTerm |
| Sep 30, 2022 | $0.087 | OrdinaryDividend |
| Jun 30, 2022 | $0.048 | OrdinaryDividend |
| Mar 31, 2022 | $0.030 | OrdinaryDividend |
| Dec 22, 2021 | $0.367 | OrdinaryDividend |
| Nov 18, 2021 | $4.400 | CapitalGainLongTerm |
| Sep 30, 2021 | $0.057 | OrdinaryDividend |
| Jun 30, 2021 | $0.062 | OrdinaryDividend |
| Mar 31, 2021 | $0.043 | OrdinaryDividend |
| Dec 17, 2020 | $0.086 | OrdinaryDividend |
| Nov 19, 2020 | $2.842 | CapitalGainLongTerm |
| Sep 30, 2020 | $0.050 | OrdinaryDividend |
| Jun 30, 2020 | $0.073 | OrdinaryDividend |
| Mar 31, 2020 | $0.099 | OrdinaryDividend |
| Dec 27, 2019 | $0.093 | OrdinaryDividend |
| Nov 21, 2019 | $3.428 | CapitalGainLongTerm |
| Sep 30, 2019 | $0.089 | OrdinaryDividend |
| Jun 28, 2019 | $0.070 | OrdinaryDividend |
| Mar 29, 2019 | $0.093 | OrdinaryDividend |
| Dec 27, 2018 | $0.088 | OrdinaryDividend |
| Nov 20, 2018 | $3.315 | CapitalGainLongTerm |
| Sep 28, 2018 | $0.111 | OrdinaryDividend |
| Jun 29, 2018 | $0.089 | OrdinaryDividend |
| Mar 29, 2018 | $0.157 | OrdinaryDividend |
| Dec 27, 2017 | $0.207 | OrdinaryDividend |
| Nov 21, 2017 | $2.501 | CapitalGainLongTerm |
| Sep 29, 2017 | $0.126 | OrdinaryDividend |
| Jun 30, 2017 | $0.101 | OrdinaryDividend |
| Mar 31, 2017 | $0.120 | OrdinaryDividend |
| Dec 28, 2016 | $0.085 | OrdinaryDividend |
| Nov 22, 2016 | $1.091 | CapitalGainLongTerm |
| Sep 30, 2016 | $0.103 | OrdinaryDividend |
| Jun 30, 2016 | $0.086 | OrdinaryDividend |
| Mar 31, 2016 | $0.127 | OrdinaryDividend |
| Dec 30, 2015 | $0.499 | OrdinaryDividend |
| Nov 24, 2015 | $2.755 | CapitalGainLongTerm |
| Sep 30, 2015 | $0.117 | OrdinaryDividend |
| Jun 30, 2015 | $0.105 | OrdinaryDividend |
| Mar 31, 2015 | $0.083 | OrdinaryDividend |
| Dec 30, 2014 | $0.197 | OrdinaryDividend |
| Nov 25, 2014 | $0.675 | CapitalGainLongTerm |
| Sep 30, 2014 | $0.203 | OrdinaryDividend |
| Jun 30, 2014 | $0.094 | OrdinaryDividend |
| Mar 31, 2014 | $0.101 | OrdinaryDividend |
| Dec 27, 2013 | $0.161 | OrdinaryDividend |
| Nov 22, 2013 | $1.873 | CapitalGainLongTerm |
| Sep 30, 2013 | $0.125 | OrdinaryDividend |
| Jun 28, 2013 | $0.101 | OrdinaryDividend |
| Mar 28, 2013 | $0.098 | OrdinaryDividend |
| Dec 27, 2012 | $0.475 | OrdinaryDividend |
| Nov 16, 2012 | $0.443 | CapitalGainLongTerm |
| Sep 28, 2012 | $0.087 | OrdinaryDividend |
| Jun 29, 2012 | $0.098 | OrdinaryDividend |
| Mar 30, 2012 | $0.078 | OrdinaryDividend |
| Dec 28, 2011 | $0.084 | OrdinaryDividend |
| Nov 18, 2011 | $0.447 | CapitalGainLongTerm |
| Sep 30, 2011 | $0.067 | OrdinaryDividend |
| Jun 30, 2011 | $0.095 | OrdinaryDividend |
| Mar 31, 2011 | $0.069 | OrdinaryDividend |
| Dec 29, 2010 | $0.099 | OrdinaryDividend |
| Sep 30, 2010 | $0.054 | OrdinaryDividend |
| Jun 30, 2010 | $0.073 | OrdinaryDividend |
| Mar 31, 2010 | $0.067 | OrdinaryDividend |
| Dec 30, 2009 | $0.086 | OrdinaryDividend |
| Sep 30, 2009 | $0.075 | OrdinaryDividend |
| Jun 30, 2009 | $0.081 | OrdinaryDividend |
| Mar 31, 2009 | $0.079 | OrdinaryDividend |
| Dec 30, 2008 | $0.071 | OrdinaryDividend |
| Sep 30, 2008 | $0.057 | OrdinaryDividend |
| Jun 30, 2008 | $0.053 | OrdinaryDividend |
| Mar 31, 2008 | $0.060 | OrdinaryDividend |
| Dec 28, 2007 | $1.031 | OrdinaryDividend |
| Nov 16, 2007 | $1.822 | CapitalGainLongTerm |
| Sep 28, 2007 | $0.040 | OrdinaryDividend |
| Jun 29, 2007 | $0.042 | OrdinaryDividend |
| Mar 30, 2007 | $0.064 | OrdinaryDividend |
| Dec 28, 2006 | $1.116 | OrdinaryDividend |
| Nov 17, 2006 | $1.335 | CapitalGainLongTerm |
| Sep 29, 2006 | $0.096 | OrdinaryDividend |
| Jun 30, 2006 | $0.077 | OrdinaryDividend |
| Mar 31, 2006 | $0.094 | OrdinaryDividend |
| Dec 29, 2005 | $0.523 | OrdinaryDividend |
| Nov 18, 2005 | $0.782 | CapitalGainLongTerm |
| Sep 30, 2005 | $0.105 | OrdinaryDividend |
| Jun 30, 2005 | $0.108 | OrdinaryDividend |
| Mar 31, 2005 | $0.110 | OrdinaryDividend |
| Dec 28, 2004 | $0.242 | OrdinaryDividend |
| Nov 19, 2004 | $0.544 | CapitalGainLongTerm |
| Sep 30, 2004 | $0.098 | OrdinaryDividend |
| Jun 30, 2004 | $0.215 | OrdinaryDividend |
| Mar 31, 2004 | $0.086 | OrdinaryDividend |
| Dec 29, 2003 | $0.077 | OrdinaryDividend |
| Sep 30, 2003 | $0.124 | OrdinaryDividend |
| Jun 30, 2003 | $0.147 | OrdinaryDividend |
| Mar 31, 2003 | $0.137 | OrdinaryDividend |
| Dec 27, 2002 | $0.145 | OrdinaryDividend |
| Nov 13, 2002 | $0.044 | CapitalGainLongTerm |
| Sep 30, 2002 | $0.063 | OrdinaryDividend |
| Jun 28, 2002 | $0.037 | OrdinaryDividend |
| Mar 28, 2002 | $0.180 | OrdinaryDividend |
| Dec 28, 2001 | $0.090 | OrdinaryDividend |
| Dec 28, 2001 | $0.170 | CapitalGainShortTerm |
| Nov 14, 2001 | $0.456 | CapitalGainLongTerm |
| Sep 28, 2001 | $0.115 | OrdinaryDividend |
| Jun 29, 2001 | $0.091 | OrdinaryDividend |
| Mar 30, 2001 | $0.154 | OrdinaryDividend |
| Dec 15, 2000 | $0.101 | OrdinaryDividend |
| Dec 15, 2000 | $2.683 | CapitalGainLongTerm |
| Sep 29, 2000 | $0.111 | OrdinaryDividend |
| Jun 30, 2000 | $0.087 | OrdinaryDividend |
| Mar 31, 2000 | $0.061 | OrdinaryDividend |
| Dec 17, 1999 | $0.075 | OrdinaryDividend |
| Dec 17, 1999 | $0.672 | CapitalGainShortTerm |
| Dec 17, 1999 | $0.569 | CapitalGainLongTerm |
| Sep 30, 1999 | $0.054 | OrdinaryDividend |
| Jun 30, 1999 | $0.083 | OrdinaryDividend |
| Mar 31, 1999 | $0.047 | OrdinaryDividend |
| Dec 31, 1998 | $0.035 | OrdinaryDividend |
| Dec 31, 1998 | $0.283 | CapitalGainShortTerm |
| Dec 31, 1998 | $2.059 | CapitalGainLongTerm |
| Sep 30, 1998 | $0.085 | OrdinaryDividend |
| Jun 30, 1998 | $0.145 | OrdinaryDividend |
| Mar 31, 1998 | $0.183 | OrdinaryDividend |
| Dec 31, 1997 | $0.482 | OrdinaryDividend |
| Dec 31, 1997 | $0.091 | CapitalGainShortTerm |
| Dec 31, 1997 | $1.223 | CapitalGainLongTerm |
| Sep 30, 1997 | $0.260 | OrdinaryDividend |
| Jun 30, 1997 | $0.210 | OrdinaryDividend |
| Mar 31, 1997 | $0.205 | OrdinaryDividend |
| Dec 31, 1996 | $0.243 | OrdinaryDividend |
| Dec 31, 1996 | $0.091 | CapitalGainShortTerm |
| Dec 31, 1996 | $1.402 | CapitalGainLongTerm |
| Sep 30, 1996 | $0.203 | OrdinaryDividend |
| Jun 28, 1996 | $0.206 | OrdinaryDividend |
| Mar 29, 1996 | $0.230 | OrdinaryDividend |
| Dec 29, 1995 | $0.305 | OrdinaryDividend |
| Sep 29, 1995 | $0.230 | OrdinaryDividend |
| Jun 30, 1995 | $0.210 | OrdinaryDividend |
| Mar 31, 1995 | $0.180 | OrdinaryDividend |
| Dec 30, 1994 | $0.189 | OrdinaryDividend |
| Sep 30, 1994 | $0.210 | OrdinaryDividend |
| Jun 30, 1994 | $0.210 | OrdinaryDividend |
| Mar 31, 1994 | $0.200 | OrdinaryDividend |
PRBLX - Fund Manager Analysis
Managers
Todd Ahlsten
Start Date
Tenure
Tenure Rank
May 01, 2001
21.1
21.1%
Todd Ahlsten is the Chief Investment Officer and lead Portfolio Manager of the Parnassus Core Equity Fund. Mr. Ahlsten has responsibility for portfolio management for the firm’s Core Equity strategy. He also oversees all of the firm’s strategies, including mentoring investment staff, managing investment risk and acting as final arbiter on ESG decisions. He joined Parnassus Investments in 1995 as a Research Analyst after serving as a Parnassus research intern. In 1998, Mr. Ahlsten was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity Fund in 2001. He became Chief Investment Officer in 2008. Mr. Ahlsten received his bachelor's degree in business administration from the University of California, Berkeley with an emphasis in finance and accounting.
Benjamin Allen
Start Date
Tenure
Tenure Rank
May 01, 2012
10.09
10.1%
Benjamin Allen is the Chief Executive Officer of Parnassus Investments and Portfolio Manager of the Parnassus Core Equity Fund. Mr. Allen is responsible for Parnassus’s long-term strategic direction, products and personnel. He is also responsible for portfolio management for the firm’s Core Equity strategy. He joined Parnassus Investments in 2005 as a Senior Research Analyst after serving as a Parnassus research intern. In 2008, Mr. Allen was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity Fund in 2012. Prior to joining the firm, Mr. Allen worked at Morgan Stanley in New York, first as an Investment Banking Analyst and later in the firm's venture capital group. Mr. Allen graduated Phi Beta Kappa and magna cum laude from Georgetown University with a bachelor's degree in government and completed the general course in philosophy at the London School of Economics. He received his master's degree in business administration from the University of California, Berkeley.
Andrew Choi
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Andrew Choi is a Portfolio Manager of the Parnassus Core Equity Fund and a Senior Research Analyst. Mr. Choi has responsibility for portfolio management for the firm’s Core Equity strategy and firmwide research. Mr. Choi joined Parnassus as a Senior Research Analyst in 2018 after serving as a Parnassus research intern. Prior to joining Parnassus, Mr. Choi worked at Deloitte Consulting as a Business Analyst. Mr. Choi received his bachelor’s degree in Chemistry from Princeton University and his master’s degree in business administration from Harvard Business School.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
