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Parnassus (PARNX) Fund Ranking and Research

Ranking, Research and Recommendation of Parnassus (PARNX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Parnassus Fund (PARNX) ManagerFund Manager - Jerome Dodson

Fund Manager Information

Fund Manager Tenure: 35.0 years
Fund Family: Parnassus
Fund Category: Large Growth
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.68)     (What does this score mean?)

 

Graph of Parnassus Fund (PARNX) ProfileParnassus Fund (PARNX) Profile

Fund Profile and Description

Parnassus Fund seeks long-term growth of capital. Parnassus Fund invests in undervalued stocks. It follows a "contrarian" strategy of seeking to invest in stocks that are currently out of favor with the financial community and are therefore deeply undervalued. Parnassus Fund is a "multi-cap" fund in that it can invest in companies of any size, from larger, well-established companies to smaller companies with market capitalizations below $1 billion.

 

Parnassus (PARNX) Fund Strength What we like about Parnassus (PARNX) Fund

Data for Parnassus Fund (PARNX) as of May 30, 2016

  • Parnassus Fund (PARNX) management has been with Parnassus Fund for 35.0 years
  • Parnassus Fund (PARNX) has good mid-term performance (3-year return 11.44% vs 10.74% Large Growth category median performance)
  • Parnassus Fund (PARNX) has good Long-term performance (5-year return 11.72% vs 10.14% Large Growth category median performance)
  • Parnassus Fund (PARNX) ratio of up-years vs down years is greater than 2
  • Parnassus Fund (PARNX) has a Morningstar rating of 4 and above
  • Asset base in Parnassus Fund (PARNX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Parnassus Fund (PARNX) has a lower expense ratio than its Large Growth average: 0.84% vs 1.17%
  • Parnassus Fund (PARNX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Parnassus Fund (PARNX) Weakness What we are cautious about Parnassus (PARNX) Fund

Data for Parnassus Fund (PARNX) as of May 30, 2016

  • Parnassus Fund (PARNX) has a less-than-ideal short-term performance (1-year return -3.59% vs -1.74% Large Growth category median performance)
  • Parnassus Fund (PARNX) has an annual stock turnover rate of 68.52% that is higher than the Large Growth average of 50.46%. This could mean Parnassus is more nimble, but also signal potential high tax impact and high trading fees
  • Parnassus Fund (PARNX) is more volatile than its peers as it has a 3-year Standard Deviation of 13.86 that is higher than category average of 12.75
See Parnassus Fund (PARNX) performance details as of May 30, 2016

 

What do you think?

 

Compare Parnassus Fund (PARNX)Compare with other top Large Growth category mutual funds

Aadditional top Large Growth mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Parnassus0.55-3.5911.4411.72
American Funds AMCAP R6 (RAFGX)3.59-1.1311.8211.94Compare
AB Core Opportunities Advisor (ADGYX)1.543.3612.0412.15Compare
Eaton Vance Growth R (ELCRX)-0.280.1013.0010.73Compare

See top fund managers for Large Growth Category Funds

 

Compare Parnassus Fund (PARNX)Compare with Large Growth category ETFs

Some Large Growth ETFs for your consideration

ETFYear to DateOne YearThree Year
PowerShares Dynamic Large Cap Growth ETF (PWB)-0.31%1.61%13.24%
iShares Russell 1000 Growth (IWF)1.70%1.47%12.29%
Vanguard Russell 1000 Growth ETF (VONG)1.69%1.42%12.36%
First Trust Large Cap Gr AlphaDEX ETF (FTC)2.10%1.03%12.67%
iShares Morningstar Large-Cap Growth (JKE)-0.23%0.51%13.52%

 

Graph of Parnassus Fund (PARNX) Net Asset TrackingParnassus (PARNX) Fund Net Asset

Track net asset change of Parnassus fund (PARNX)

DateNet Asset
05/2016$746.49M
03/2016$740.24M
02/2016$697.93M
More historic net asset information on Parnassus Fund (PARNX)

  

Graph of Parnassus Fund (PARNX) Portfolio TrackingParnassus (PARNX) Fund Portfolio Allocation

Track portfolio allocation change of Parnassus fund (PARNX)

DateCashStockBondOther
04/20166.44%93.56%0%0%
03/20162.28%97.72%0%0%
01/20162.49%97.51%0%0%
Click here to see more historic asset allocation information on Parnassus Fund (PARNX)

 

graph of Parnassus Fund (PARNX) Top 10 Position TrackingTop 10 Holdings in Parnassus (PARNX) Fund

Discover what Parnassus Fund (PARNX) manager is buying

Apr 29, 2016
International Business Machines [4.75%]
Ciena Corporation Common Stock [4.2%]
Charles Schwab Corporation (The [3.93%]
SanDisk Corporation [3.9%]
American Express Company Common [3.85%]
Micron Technology, Inc. [3.42%]
Applied Materials, Inc. [3.4%]
Gilead Sciences, Inc. [3.12%]
Motorola Solutions, Inc. Common [3.12%]
Mondelez International, Inc. [3.06%]

Mar 30, 2016
Applied Materials, Inc. [5.15%]
International Business Machines [4.81%]
Ciena Corporation Common Stock [4.62%]
Whole Foods Market, Inc. [4.41%]
American Express Company Common [4.15%]
Intel Corporation [3.93%]
Air Lease Corporation Class A C [3.9%]
SanDisk Corporation [3.85%]
Gilead Sciences, Inc. [3.85%]
Charles Schwab Corporation (The [3.78%]

Jan 30, 2016
Intel Corporation [5.14%]
SanDisk Corporation [4.79%]
Applied Materials, Inc. [4.79%]
Whole Foods Market, Inc. [4.64%]
Ciena Corporation Common Stock [4.55%]
International Business Machines [4.42%]
Cummins Inc. Common Stock [4.4%]
Motorola Solutions, Inc. Common [4.03%]
American Express Company Common [3.63%]
Air Lease Corporation Class A C [3.49%]
Click here for Stock Holding Change Map in Parnassus Fund (PARNX)

  

Latest News on Parnassus (PARNX) Fund

See what is happening with Parnassus Fund (PARNX)

 

Parnassus Fund (PARNX) Related ResourcesSee more information on Parnassus (PARNX) Fund

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