Parnassus Core Equity Fund – Institutional Shares (PRILX)
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Parnassus Core Equity Fund – Institutional Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CGL Chester Gary Lloyd Coston, McIsaac & Partners | 1,236 | $61,617.02 | $72,157.68 | $10,540.66 | 17.11% |
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Parnassus Core Equity Fund – Institutional Shares Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund aims to provide its investors with both capital appreciation and current income, reflecting a balanced approach towards investments. It primarily focuses on a diversified portfolio comprised of equity securities, which include both common and preferred stocks. This fund is designed for investors looking for a mix of growth and income, underpinned by a substantial investment in equity securities. It maintains a disciplined strategy where at least 80% of its net assets, in addition to any borrowings for investment purposes, are allocated towards equity securities. This approach ensures that the fund remains committed to its core investment philosophy under normal market conditions. Furthermore, to provide a steady income stream, the fund commits that at least 65% of its total assets will be invested in equity securities that yield interest or dividends, positioning it as a suitable option for income-seeking investors.
Products and Services
- Diversified Portfolio of Equity Securities
The core product of this fund is its diversified portfolio, which mainly includes common and preferred stock. This diversification aims to mitigate risk while seeking the potential for capital appreciation and current income, catering to an investor's dual objective of growth and income.
- Investments in Equity Securities
A minimum of 80% of the fund's net assets, along with any borrowings for investment purposes, are invested in equity securities. This commitment ensures a significant exposure to the equity markets, potentially leading to capital appreciation over the long term while allowing the fund to stay aligned with its investment objectives.
- Income-Generating Equity Securities
At least 65% of the fund's total assets are allocated in equity securities that offer interest or dividends. This strategy is significant for investors who are looking for a steady stream of income in addition to the possibility of capital growth, making it an attractive aspect for those who value income alongside capital appreciation.
