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About Parnassus Value 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
US7017696060
PRVS focuses on a portfolio of approximately 20-30 value stocks, concentrating on large-cap US companies that are perceived as undervalued in the current market. The investment process involves rigorous analysis of company fundamentals, including evaluating financial statements and assessing management effectiveness. Competitive advantages such as brand strength, market position, and cost efficiency are also considered. In addition to financial metrics, PRVS incorporates assessments of environmental, social, and governance (ESG) criteria, including climate impact and governance practices, to ensure that investments align with broader sustainability considerations. The fund actively reviews its holdings to ensure they meet its standards for financial health and sustainable practices. This approach aims to capitalize on market undervaluation opportunities while pursuing capital appreciation over the long term.
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
Finance
Technology Services
Health Technology
Producer Manufacturing
Stocks99.62%
Finance23.43%
Technology Services12.77%
Health Technology10.96%
Producer Manufacturing10.84%
Retail Trade6.88%
Electronic Technology6.31%
Commercial Services4.74%
Communications4.25%
Utilities3.93%
Transportation3.48%
Process Industries3.32%
Health Services3.15%
Distribution Services3.02%
Consumer Services2.56%
Bonds, Cash & Other0.38%
Cash0.38%
Stock breakdown by region
North America82.44%
Europe10.33%
Asia4.08%
Middle East3.15%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PRVS invests in stocks. The fund's major sectors are Finance, with 23.43% stocks, and Technology Services, with 12.77% of the basket. The assets are mostly located in the North America region.
PRVS top holdings are Alphabet Inc. Class A and CBRE Group, Inc. Class A, occupying 5.17% and 4.89% of the portfolio correspondingly.
PRVS assets under management is 8.47 M USD. It's risen 2.95% over the last month.
PRVS fund flows account for 6.81 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, PRVS doesn't pay dividends to its holders.
PRVS 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.
PRVS expense ratio is 0.59% meaning you'd have to pay 0.59% of your investment to help manage the fund.
PRVS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PRVS invests in stocks.
PRVS price has risen by 2.72% over the last month, and its yearly performance shows a 5.79% increase. See more dynamics on PRVS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.83% over the last month, showed a 9.62% increase in three-month performance and has increased by 10.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.83% over the last month, showed a 9.62% increase in three-month performance and has increased by 10.84% in a year.
PRVS trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.