Parnassus Core Equity Fund
Parnassus Funds II · Series S000000856 · 2 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
The Parnassus Core Equity Funds objective is to achieve both capital appreciation and current income.
The fund invests primarily in large-capitalization U.S. equity securities that pay or are expected to pay dividends, selected through a value-oriented process that screens for companies trading below estimated intrinsic value, with sustainable business practices and strong fundamentals. At least 65% of assets are held in dividend-paying stocks, while the remainder may include non-dividend-paying equities and cash. The fund may also invest in foreign securities. Because the fund's holdings depend on the adviser's assessments of intrinsic value and future dividend capacity, which may prove incorrect, performance will diverge from broad market returns.
| Share class | Gross | Net |
|---|---|---|
| PRBLX | 0.85% | 0.81% |
| PRILX | 0.61% | 0.61% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 28.50% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.25% |
| Real assets | 2.33% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +18.37% | +24.86% | +24.91% | 13.89% | -7.55% | |
| +18.61% | +25.40% | +25.47% | 13.88% | -7.51% |
These classes hold the same portfolio, so the 0.55pp spread over 5 years is the cost difference between them — roughly 0.11pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GOOGL | ALPHABET INC-CL AGOOGL | 5.93% | $357.37 | $1.44B | 4.0M |
| AMAT | APPLIED MATERIALS INCAMAT | 5.89% | $723.00 | $1.43B | 2.0M |
| NVDA | NVIDIA CORPNVDA | 5.82% | $200.09 | $1.41B | 7.0M |
| MSFT | MICROSOFT CORPMSFT | 5.15% | $373.02 | $1.25B | 3.3M |
| AMZN | AMAZON.COM INCAMZN | 4.98% | $238.34 | $1.21B | 5.1M |
| AMD | ADVANCED MICRO DEVICESAMD | 4.35% | $580.91 | $1.05B | 1.8M |
| AAPL | APPLE INCAAPL | 4.33% | $289.36 | $1.05B | 3.6M |
| KLAC | KLA CORPKLAC | 4.11% | $301.71 | $995.21M | 3.3M |
| WM | WASTE MANAGEMENT INCWM | 3.31% | $222.88 | $800.37M | 3.6M |
| DE | DEERE AND CODE | 3.16% | $634.33 | $764.77M | 1.2M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 47.03% of net assets, top 25 81.20%, across 37 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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