Parnassus Income Funds - Parnassus Core Select ETF

Frequently Asked Questions About PRCS

What does PRCS invest in?

PRCS targets a concentrated portfolio of approximately 20-30 equity securities, emphasizing both value and growth stocks primarily from large-cap US companies. The fund aims to identify businesses that are perceived to be undervalued or possess significant potential for revenue and earnings growth. The investment process involves a comprehensive analysis of company fundamentals, including assessment of financial statements and management quality. Key to the selection criteria are competitive advantages such as strong brand loyalty, operational efficiencies, and a robust network effect. PRCS additionally considers factors related to sustainable business practices, assessing ESG criteria including environmental impact, product safety, and corporate governance. The fund actively monitors its holdings to ensure compliance with its investment criteria, aiming to achieve capital appreciation while maintaining a commitment to responsible investing principles.

What is the expense ratio of PRCS?

Parnassus Income Funds - Parnassus Core Select ETF (PRCS) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRCS?

Parnassus Income Funds - Parnassus Core Select ETF (PRCS) manages $175.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PRCS actively managed or an index fund?

PRCS's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PRCS launched?

Parnassus Income Funds - Parnassus Core Select ETF (PRCS) launched in December 2024 and is managed by Parnassus.

How has PRCS performed?

PRCS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.