Insufficient Data. Either the fund is too new, or return data of current frequency is not available.
The investment seeks to achieve both capital appreciation and current income.
The 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.
Value and growth stocks can perform differently from other types of stocks. Growth stocks can be more volatile. Value stocks can continue to be undervalued by the market for long periods of time. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. These risks may be magnified in foreign markets. The Fund's sustainable investment strategy will affect the fund's exposure to certain issuers, industries, sectors, regions and countries and could cause the fund to sell or avoid securities that subsequently perform well. In addition, securities that do not meet the sustainable investing criteria could outperform those that do. Additional risk information for this product may be found in the prospectus or other product materials, if available.
This description is only intended to provide a brief overview of the mutual fund. Read the fund's prospectus for more detailed information about the fund.
The analysis on these pages may be based, in part, on adjusted historical returns for periods prior to the class's actual inception of 04/28/2006. These calculated returns reflect the historical performance of the oldest share class of the fund, with an inception date of 08/31/1992, adjusted to reflect the fees and expenses of this share class (when this share class's fees and expenses are higher.) Please refer to a fund's prospectus for information regarding fees and expenses. These adjusted historical returns are not actual returns. Calculation methodologies utilized by Morningstar may differ from those applied by other entities, including the fund itself.
Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
---|---|---|---|---|---|
FUND Parnassus Core Equity Fund - Institutional Shares | 18.75% | 6.64% | 13.49% | 12.25% | 11.46% |
PRIMARY BENCHMARK | 25.02% | 8.94% | 14.53% | 13.10% | 10.68% |
MORNINGSTAR CATEGORY AVERAGE | 21.45% | 7.24% | 12.89% | 11.57% | -- |
Parnassus Core Equity Fund - Institutional Shares | 16.10% | 4.53% | 11.34% | 10.18% | 10.08% |
19.26% | 5.76% | 11.18% | 9.76% | -- | |
Parnassus Core Equity Fund - Institutional Shares | 12.92% | 4.86% | 10.39% | 9.50% | 9.52% |
13.17% | 5.19% | 9.79% | 8.88% | -- |