2024-05-26 05:30:00 ET
Summary
- Parnassus Investments is a fundamental, bottoms-up investment firm offering responsible investment funds to the public. Parnassus Investments integrates comprehensive ESG evaluations with fundamental financial analysis to select investments.
- The Fund (Investor Shares) returned 10.17% for the quarter, outperforming the Russell 1000 Value Index’s 8.99%.
- The outperformance was largely driven by stock selection in the Information Technology and Communication Services sectors. Our overweight in Financials and underweight in Real Estate also contributed.
- We have positioned the Fund for an environment in which inflation continues to moderate, economic growth stabilizes, unemployment remains low, and credit conditions gradually loosen.
- This confluence of factors should broaden stock market gains to more sectors, an expectation that drives our overweight allocations in Financials, Communications Services and Health Care.
Parnassus Value Equity Fund
Fund Facts | Investor Shares | Institutional Shares |
Ticker | ||
Net Expense Ratio1 | 0.88% | 0.65% |
Gross Expense Ratio | 0.92% | 0.72% |
Inception Date | 04/29/2005 | 04/30/2015 |
Benchmark | Russell 1000 Value Index | |
Asset Class | U.S. large cap value | |
Objective | Capital appreciation |
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For further details see:
Parnassus Value Equity Fund Q1 2024 Investment Commentary