Mutual Fund Insights: Parnassus Workplace Fund (PARWX)

In-depth Analysis of Parnassus Workplace Fund (PARWX)

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See Parnassus Workplace Fund (PARWX) performance details as of January 31, 2010

  

Last Trade: $19.88 on 3/15/2010, Change: +0.03 (0.15%)

Experiment our closing price forecasting tool for Parnassus Workplace Fund (PARWX) (alpha release)

  

Fund Manager - Jerome L. Dodson

Fund Manager Tenure: 4.9 years
Fundmojo Fund Grade: A+ (Score: 0.81)     (What does this score mean?)

Dodson is president of Parnassus Financial Investors, his employer since 1985. Previously, he spent six years as president of Continental Savings of America. From 1966 to 1969, he was a foreign service officer with the Department of State. Dodson is a director of the Haight Ashbury Free Medical Clinic and of the Social Investment Forum, the national trade association of the social-investment movement.  Get more insights on Jerome L. Dodson

  

 What we like about Parnassus Workplace Fund (PARWX)

Data for Parnassus Workplace Fund (PARWX) as of January 31, 2010

• Parnassus Workplace Fund (PARWX) management has been with Parnassus Workplace Fund for 4.9 years
• Parnassus Workplace Fund (PARWX) has good short-term performance (1-year return 65.48% vs 35.76% Large Growth category average)
• Parnassus Workplace Fund (PARWX) has good mid-term performance (3-year return 3.92% vs -5.20% Large Growth category average)
• Parnassus Workplace Fund (PARWX) has a Morningstar rating of 4 and above
• Parnassus Workplace Fund (PARWX) has an annual stock turnover rate of 72.58% vs Large Growth average of 109.93%. It is good that Parnassus Workplace management does not trade extensively for its return.
• Parnassus Workplace Fund (PARWX) has a lower management fee than its Large Growth average: 1.21% vs 1.33%
• Parnassus Workplace Fund (PARWX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Parnassus Workplace Fund (PARWX)

Data for Parnassus Workplace Fund (PARWX) as of January 31, 2010

• Parnassus Workplace Fund is a focused fund with 45.82% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Parnassus Workplace Fund (PARWX) ratio of up-years vs down years can be improved
• Parnassus Workplace Fund (PARWX) is more volatile than its peers as it has a 3-year Standard Deviation of 24.24 that is higher than category average of 21.28

See Parnassus Workplace Fund (PARWX) performance details as of January 31, 2010

  

  

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Parnassus Workplace Fund (PARWX) Net Asset

Track net asset change of Parnassus Workplace fund (PARWX)

Date	Net Asset
01/2010	$102.51M
11/2009	$83.51M
10/2009	$74.75M

More historic net asset information on Parnassus Workplace Fund (PARWX)

  

Parnassus Workplace Fund (PARWX) Portfolio Allocation

Track portfolio allocation change of Parnassus Workplace fund (PARWX)

Date	Cash	Stock	Bond	Other
10/2009	9.31%	90.69%	0%	0%
09/2009	7.32%	92.69%	0%	0%
08/2009	7.21%	92.79%	0%	0%

Click here to see more historic asset allocation information on Parnassus Workplace Fund (PARWX)

  

Most Recent Top 10 Holdings in Parnassus Workplace Fund (PARWX)

Discover what Parnassus Workplace Fund (PARWX) manager is buying

31-Oct-09 MEDTRONIC INC [5.25%] Symantec Corporation [4.93%] Applied Materials, Inc. [4.73%] CORNING INC [4.68%] DEERE CO [4.56%] LOWES COMPANIES [4.39%] Altera Corporation [4.36%] Cisco Systems, Inc. [3.66%] Intel Corporation [3.57%] MDU RESOURCES GROUP [3.46%]

30-Sep-09 Symantec Corporation [4.87%] Applied Materials, Inc. [4.72%] CORNING INC [4.31%] Cisco Systems, Inc. [3.98%] DEERE CO [3.63%] MDU RESOURCES GROUP [3.38%] Altera Corporation [3.32%] Paychex, Inc. [3.27%] Genzyme Corporation [3.19%] Autodesk, Inc. [3.02%]

31-Aug-09 Symantec Corporation [4.79%] Applied Materials, Inc. [4.62%] Cisco Systems, Inc. [4.32%] CORNING INC [4.28%] Genzyme Corporation [3.72%] Autodesk, Inc. [3.52%] Altera Corporation [3.37%] Paychex, Inc. [3.3%] MDU RESOURCES GROUP [3.24%] TARGET CP [3.14%]

Click here for Stock Holding Change Map in Parnassus Workplace Fund (PARWX)

  

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Latest News on Parnassus Workplace (PARWX)

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See more information on Parnassus Workplace Fund (PARWX)

• Parnassus Workplace Fund Insights
• Parnassus Workplace Fund Performance Data
• Parnassus Workplace Fund News
• Parnassus Workplace Fund Score Explaination
• Parnassus Workplace Fund Manager Information
• Historic Parnassus Workplace Fund Asset Allocation Report
• Historic Parnassus Workplace Fund Top 10 Holding Tracking
• Historic Parnassus Workplace Fund Asset Under Management Tracking