Parnassus Core Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Parnassus Core Equity Fund held 37 positions with $24.21B in net assets. Its ten largest holdings made up 47.0% of the fund. The PRBLX share class costs 0.81% a year. Over the 12 months to May 2026, PRBLX returned 15.4%, with dividends reinvested. In 2026 Q2 it added 3 new positions and exited 4.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLALPHABET INC-CL A | 5.93% | $1.44B | 4.0M | $357.37 |
5.89% | $1.43B | 2.0M | $723.00 | |
NVDANVIDIA CORP | 5.82% | $1.41B | 7.0M | $200.09 |
MSFTMICROSOFT CORP | 5.15% | $1.25B | 3.3M | $373.02 |
AMZNAMAZON.COM INC | 4.98% | $1.21B | 5.1M | $238.34 |
4.35% | $1.05B | 1.8M | $580.91 | |
AAPLAPPLE INC | 4.33% | $1.05B | 3.6M | $289.36 |
KLACKLA CORP | 4.11% | $995.21M | 3.3M | $301.71 |
3.31% | $800.37M | 3.6M | $222.88 | |
3.16% | $764.77M | 1.2M | $634.33 |
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.
All 37 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.25% |
| Real assets | 2.33% |
By sector
- Information Technology
- 35.1%
- Industrials
- 16.1%
- Consumer Discretionary
- 13.2%
- Financials
- 9.6%
- 5 other sectors
- 26.0%
- Information Technology
- 35.1%
- Industrials
- 16.1%
- Consumer Discretionary
- 13.2%
- Financials
- 9.6%
- Health Care
- 8.9%
- Communication Services
- 6.0%
- Materials
- 5.5%
- Consumer Staples
- 3.3%
- Real Estate
- 2.3%
How it has done
PRBLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.37%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.81% | +15.42% | +28.05% | +28.10% | -7.55% | |
| 0.61% | +15.64% | +28.61% | +28.67% | -7.51% |
These classes hold the same portfolio, so the 0.57pp spread over 5 years is the cost difference between them — roughly 0.11pp a year — not a difference in what they own.
Fees & fund details
Parnassus Core Equity Fund is an actively managed U.S. equity fund. 22% of PRBLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.61% – 0.81%· PRBLX 0.81%
- Portfolio turnover
- 28.50% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
4 exited
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
Understand how this fund fits with the rest.
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