Parnassus Equity is trading at 67.66 as of the 1st of December 2024; that is 0.45% up since the beginning of the trading day. The fund's open price was 67.36. Parnassus Equity has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Parnassus Equity Incme are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of November 2024 and ending today, the 1st of December 2024. Click here to learn more.
The funds 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 percent of its net assets in equity securities. More on Parnassus Equity Incme
Parnassus Equity Incme [PRILX] is traded in USA and was established 1st of December 2024. Parnassus Equity is listed under Parnassus category by Fama And French industry classification. The fund is listed under Large Blend category and is part of Parnassus family. This fund at this time has accumulated 26.97 B in assets with minimum initial investment of 100 K. Parnassus Equity Incme is currently producing year-to-date (YTD) return of 22.09% with the current yeild of 0.01%, while the total return for the last 3 years was 8.18%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Parnassus Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Parnassus Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Parnassus Equity Incme Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Parnassus Equity Incme Mutual Fund Constituents
Other Information on Investing in Parnassus Mutual Fund
Parnassus Equity financial ratios help investors to determine whether Parnassus Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Parnassus with respect to the benefits of owning Parnassus Equity security.
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