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Is Parnassus Core Equity Fund (PRBLX) a Strong Mutual Fund Pick Right Now?

3 3 7
24.09.2021

There are plenty of choices in the Large Cap Value category, but where should you start your research? Well, one fund that might be worth investigating is Parnassus Core Equity Fund (PRBLX). PRBLX holds a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

Large Cap Value mutual funds invest in stocks with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value; this value investing strategy often leads to low P/E ratios and high dividend yields, though growth levels are often curtailed. The high-growth opportunity of these funds are slowed even further, as large-cap securities are generally in stable industries with low to moderate growth prospects. Therefore, Large Cap Value funds are usually more appealing to investors who are interested in a stable income stream.

History of Fund/Manager

PRBLX is a part of the Parnassus family of funds, a company based out of San Francisco, CA. The Parnassus Core Equity Fund made its debut in September of 1992 and PRBLX has managed to accumulate roughly $14.79 billion in assets, as of the most recently available information. The fund is currently managed by Todd C. Ahlsten who has........

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