Parnassus Core Equity Fund (PRBLX)
Parnassus Core Equity Fund operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $62.59, up 0.05% on the session, giving a market capitalisation of $24.50B. Its beta of 0.93 implies it has historically moved less than the broad market.
This fund aims to generate both an increase in capital value and a consistent stream of current income for its shareholders. It primarily achieves these objectives through strategic investments in a broad and varied portfolio of company shares, encompassing both common and preferred stock. Typically, the fund allocates a minimum of 80% of its net assets, along with any borrowed capital used for investments, directly into these equity instruments. Additionally, under normal circumstances, at least 65% of the fund's entire asset base will be dedicated to equity holdings that provide either interest or dividend payments.
Parnassus Core Equity Fund is most often compared with the following Financial Services names: