Frequently Asked Questions About PFPLX

What does PFPLX invest in?

This fund typically allocates a minimum of 80% of its net assets (including any borrowed capital for investment purposes) to a diverse range of bonds and other income-generating debt instruments. Its primary holdings consist of corporate debt, U.S. Treasury obligations, and supranational agency bonds, with a notable emphasis on corporate issues. The portfolio also has the flexibility to include securities from U.S. government agencies, alongside commercial and residential mortgage-backed securities, and other asset-backed instruments. While predominantly focused on domestic investments, the fund may, to a lesser degree, also hold foreign securities denominated in U.S. dollars.

What is the expense ratio of PFPLX?

Parnassus Fixed Income Fund - Institutional Shares (PFPLX) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of PFPLX?

Effective duration measures PFPLX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PFPLX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PFPLX?

PFPLX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PFPLX?

Yield to maturity (YTM) is the total return you'd earn from PFPLX if every bond in the portfolio is held to maturity at the current price. PFPLX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is PFPLX?

Parnassus Fixed Income Fund - Institutional Shares (PFPLX) manages $85.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

PFPLX (Parnassus Fixed Income Fund - Institutional Shares) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

PFPLX

Parnassus Fixed Income Fund - Institutional Shares

NASDAQ·Asset Management, Income · Financial Services

$14.73$0.01+0.07%

Market closed·May 1 8:00 PM UTC

Price Chart

$14.73+$0.01 (+0.07%)today

−16.69%CAGR −3.59%

Select date range

FromTo

Apr 30, 2015Sep 11, 2021 → Sep 11, 2026· 5.0 yrsSep 11, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

FrequencyMonthly

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio0.39%

Cost per 10k Invested$39.00

AUM$85.88M

Avg Daily Volume—

Price$14.73

NAV$14.73

Premium / Discount+0.00%

52-Week Range$14.46 – $15.29

Beta0.97

Fund Overview

Cost Verdict

Is PFPLX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Parnassus
Asset Class: Bond
Strategy: Thematic
Inception: April 30, 2015
Fund Type: Mutual Fund
Domicile: US
Currency: USD
ISIN: —
CUSIP: —

Peers

Peers Tab

PRFIX

Parnassus Fixed Income Fund - Investor Shares

Cap

$85.9M

CLFLX

CLS Flexible Income Fund Class N

Cap

$89.9M

EVY

Eaton Vance New York Municipal Income Trust

Cap

$81.9M

Latest News

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Frequently Asked Questions About PFPLX

What does PFPLX invest in?: This fund typically allocates a minimum of 80% of its net assets (including any borrowed capital for investment purposes) to a diverse range of bonds and other income-generating debt instruments. Its primary holdings consist of corporate debt, U.S. Treasury obligations, and supranational agency bonds, with a notable emphasis on corporate issues. The portfolio also has the flexibility to include securities from U.S. government agencies, alongside commercial and residential mortgage-backed securities, and other asset-backed instruments. While predominantly focused on domestic investments, the fund may, to a lesser degree, also hold foreign securities denominated in U.S. dollars.
What is the expense ratio of PFPLX?: Parnassus Fixed Income Fund - Institutional Shares (PFPLX) charges an expense ratio of 0.39%. This is the annual fee deducted from fund assets to cover management and operations.
What is the duration of PFPLX?: Effective duration measures PFPLX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PFPLX's current duration is published on the fund's factsheet on the issuer's website.
What is the credit quality of PFPLX?: PFPLX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
What is the yield to maturity of PFPLX?: Yield to maturity (YTM) is the total return you'd earn from PFPLX if every bond in the portfolio is held to maturity at the current price. PFPLX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
How big is PFPLX?: Parnassus Fixed Income Fund - Institutional Shares (PFPLX) manages $85.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.