Parnassus Workplace (PARWX)
As of March 5, 2010
This fund sprang from between the covers of Fortune magazine. Several years ago, manager Jerome Dodson saw evidence that the stocks of publicly traded companies that made Fortune’s list of the “100 Best Companies to Work For” tended to perform exceptionally well. While the fund still uses the annual Fortune list as a starting point, it also invests in other companies that, in Dodson’s opinion, foster positive environments for their employees. Apart from looking for great office cultures, Parnassus Workplace, like all funds run by Parnassus, screens out companies from the alcohol, tobacco, gambling, and weapons-contracting industries, as well as companies that generate electricity from nuclear power.
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