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About Parnassus Core Select ETF
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Inception date
Dec 12, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Parnassus Investments LLC
Distributor
Parnassus Funds Distributor LLC
ISIN
US7017695070
PRCS targets a concentrated portfolio of approximately 20-30 equity securities, emphasizing both value and growth stocks primarily from large-cap US companies. The fund aims to identify businesses that are perceived to be undervalued or possess significant potential for revenue and earnings growth. The investment process involves a comprehensive analysis of company fundamentals, including assessment of financial statements and management quality. Key to the selection criteria are competitive advantages such as strong brand loyalty, operational efficiencies, and a robust network effect. PRCS additionally considers factors related to sustainable business practices, assessing ESG criteria including environmental impact, product safety, and corporate governance. The fund actively monitors its holdings to ensure compliance with its investment criteria, aiming to achieve capital appreciation while maintaining a commitment to responsible investing principles.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Health Technology
Retail Trade
Electronic Technology
Stocks99.41%
Technology Services27.84%
Finance14.93%
Health Technology11.61%
Retail Trade10.90%
Electronic Technology10.29%
Producer Manufacturing9.65%
Industrial Services4.80%
Commercial Services4.21%
Process Industries3.00%
Distribution Services2.18%
Bonds, Cash & Other0.59%
Cash0.59%
Stock breakdown by region
North America96.98%
Europe3.02%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PRCS invests in stocks. The fund's major sectors are Technology Services, with 27.84% stocks, and Finance, with 14.93% of the basket. The assets are mostly located in the North America region.
PRCS top holdings are Microsoft Corporation and Alphabet Inc. Class A, occupying 10.35% and 7.94% of the portfolio correspondingly.
PRCS assets under management is 58.90 M USD. It's risen 4.81% over the last month.
PRCS fund flows account for 53.14 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, PRCS doesn't pay dividends to its holders.
PRCS shares are issued by Affiliated Managers Group, Inc. under the brand Parnassus Investments. The ETF was launched on Dec 12, 2024, and its management style is Active.
PRCS expense ratio is 0.58% meaning you'd have to pay 0.58% of your investment to help manage the fund.
PRCS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PRCS invests in stocks.
PRCS price has fallen by −0.09% over the last month, and its yearly performance shows a 2.62% increase. See more dynamics on PRCS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.36% over the last month, have fallen by −0.36% over the last month, showed a 3.56% increase in three-month performance and has increased by 7.96% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.36% over the last month, have fallen by −0.36% over the last month, showed a 3.56% increase in three-month performance and has increased by 7.96% in a year.
PRCS trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.