Parnassus Fund

Class No Load (PARNX)
Scorecard
3 / 5 Stars
Lipper
5 4 2 5 1
Zacks Investment Research
4 (Sell)
Standard & Poor's
4 / 5 Stars
TheStreet.com
C (Hold)

#235 in Large Growth

U.S. News evaluated 466 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 34.35 percent over the past year, 15.08 percent over the past three years, 26.85 percent over the past five years, and 9.05 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.3%
1 Year 34.4%
3 Years (Annualized) 15.1%
5 Years (Annualized) 26.9%
10 Years (Annualized) 9.0%

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Summary

The investment seeks capital appreciation. The fund invests in undervalued stocks. It follows a "contrarian" strategy of seeking to invest in stocks that are currently out of favor with the financial community and are therefore deeply undervalued. The fund's investment adviser expects that if these undervalued companies are financially strong and have good prospects for the future, they will come back into favor and increase in market value. It is a "multi-cap" fund in that it can invest in companies of any size, from larger, well-established companies to smaller companies with market capitalizations below $1 billion.

Fees

Fees are Average compared to funds in the same category.
Parnassus Fund has an expense ratio of 0.86 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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