Equity securities include common and preferred stock. He became Chief Investment Officer in 2008. Parnassus Core Equity Fund [PRBLX] See fees data for Parnassus Core Equity Fund (PRBLX). Municipal bonds news, reports, video and more. PRBLX | A complete Parnassus Core Equity Fund;Investor mutual fund overview by MarketWatch. He also oversees all of the firm’s strategies, including mentoring investment staff, managing investment risk and acting as final arbiter on ESG decisions. The Parnassus Core Equity Fund, while categorized as a large-cap growth fund, specializes in socially responsible investments. American Funds Washington Mutual Investors Fund, American Funds The Investment Company of America®, Vanguard Dividend Appreciation Index Fund, Critical Facts You Need to Know About Preferred Stocks, Earn More With Dividend Stocks Than With Annuities for Your Retirement. Prior to joining the firm, Mr. Allen worked at Morgan Stanley in New York, first as an Investment Banking Analyst and later in the firm's venture capital group. Security holdings in the fund can vary significantly from broad market indexes. Mr. Allen is responsible for Parnassus’s long-term strategic direction, products and personnel. Research information including asset allocation, sector weightings and top holdings for Parnassus Core Equity Fund. Deepen your understanding of Responsible Investing. As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. The Fund focuses on identifying companies with: • Wide moats or strong competitive advantages that protect market share and profitability • Relevancy over the long term, which provides a compounding growth component Monthly payments from Quarterly Payers ››. He joined Parnassus Investments in 1995 as a Research Analyst after serving as a Parnassus research intern. In addition to large-cap companies, the Fund may invest in small- and/or mid-cap companies, which can be more volatile than large-cap firms. The Parnassus Core Equity Fund is a U.S. large cap fund that aims to capture more of the … Enhance retirement outcomes with helpful tactics. Learn from industry thought leaders and expert market participants. Benjamin Allen is the Chief Executive Officer of Parnassus Investments and Portfolio Manager of the Parnassus Core Equity Fund. Before investing, an investor should carefully consider the investment objectives, risks, charges and expenses of a fund and should carefully read the prospectus or summary prospectus, which contains this and other information and can be found in our Literature and Forms section or by calling (800) 999-3505. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends. Dividend stocks making payouts in the next 10 business days and have a history of rebounding in price shortly thereater. Mr. The portfolio managers focus on high quality companies that may perform better than the market during downturns. There are no assurances the Funds will meet their investment objectives and or that their ESG strategies will be successful. Portfolio management news, reports, video and more. Higher turnover means higher trading fees. Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Browse our guide to explore. Parnassus Core Equity Fund $PRBLX has $2.99 BILLION invested in 3 companies involved in the prison industrial complex, amounting to 15% of fund assets He joined Parnassus Investments in 1995 as a Research Analyst after serving as a Parnassus research intern. Research information including fund fees, cost projections and minimum investments for Parnassus Core Equity Fund. For the current holdings of the Parnassus Mid Cap Growth Fund, the Parnassus Core Equity Fund, the Parnassus Endeavor Fund, the Parnassus Mid Cap Fund and the Parnassus Fixed Income Fund, please visit each fund’s individual holdings page. Retirement news, reports, video and more. He is also responsible for portfolio management for the firm’s Core Equity strategy. The Parnassus Funds are distributed by Parnassus Funds Distributor, LLC. This site is intended for U.S. investors only and should not be considered a solicitation or offering to investors outside the U.S. Find out how much your money can grow by using our Compounding Returns Calculator. Practice management news, reports, video and more. He joined Parnassus Investments in 2005 as a Senior Research Analyst after serving as a Parnassus research intern. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. ("Mergent") Copyright © 2014. The fund's objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. For current quarter-end standardized performance and disclosure information, please click here. He is also responsible for portfolio management for the firm’s Core Equity strategy. Compare PRBLX to Popular U.S. Large-Cap Blend Equity Funds, Compare PRBLX to Popular U.S. Large-Cap Blend Equity ETFs. Build conviction from in-depth coverage of the best dividend stocks. Click through to get more details on each issue. All stock quotes on this website should be considered as having a 24-hour delay. Reproduction of such information in any form is prohibited. Todd Ahlsten is the Chief Investment Officer and lead Portfolio Manager of the Parnassus Core Equity Fund. Hand picked by analysts based on Dividend.com rating system. Make short-term dividend income. Mr. Ahlsten received his bachelor's degree in business administration from the University of California, Berkeley with an emphasis in finance and accounting. Fixed income news, reports, video and more. Research our firm with FINRA's BrokerCheck. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. Mr. Ahlsten has responsibility for portfolio management for the firm’s Core Equity strategy. He received his master's degree in business administration from the University of California, Berkeley. Please help us personalize your experience. Prior to March 31, 1998, the Parnassus Core Equity Fund was a balanced fund. Parnassus Core Equity Fund [PRBLX] For current quarter-end standardized performance and disclosure information, please click here. In 1998, Mr. Ahlsten was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity Fund in 2001. He became Chief Investment Officer in 2008. Current performance information to the most recent month-end is available on the Parnassus website (www.parnassus.com). View mutual fund news, mutual fund market and mutual fund interest rates. In 2008, Mr. Allen was promoted to Director of Research and subsequently became Portfolio Manager of the Parnassus Core Equity Fund in 2012. May 01, 2012. Current performance may be lower or higher than the performance data quoted. As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Analyze the Fund Parnassus Core Equity Fund - Investor Shares having Symbol PRBLX for type mutual-funds and perform research on other mutual funds. Click through to get more details on each issue. The Parnassus Core Equity Fund invests with low turnover and high conviction in approximately 40 holdings. Mr. Allen is responsible for Parnassus’s long-term strategic direction, products and personnel. For current quarter-end standardized performance and disclosure information, please click here. Stay up to date with timely dividend news. Mr. Allen graduated Phi Beta Kappa and magna cum laude from Georgetown University with a bachelor's degree in government and completed the general course in philosophy at the London School of Economics. Because of the possibility of human or mechanical error by Mergent's sources, Mergent or others, Mergent does not guarantee the accuracy, adequacy, completeness, timeliness or availability or for the results obtained from the use of such information. Under normal circumstances, the fund will invest a minimum of 80% of its net assets (plus borrowings for investment purposes) in equity securities.