# Parnassus Core Equity Fund - Institutional Shares (PRILX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prilx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Parnassus · Asset class: Equity - Strategy: Thematic · Inception: 2006-04-28 This fund aims to both expand capital and generate regular income. It achieves these goals principally through substantial investments in a diverse array of equity instruments, encompassing both common and preferred stocks. Ordinarily, a minimum of 80% of its net assets—including any capital borrowed for investment—will be committed to such equity holdings. Furthermore, at least three-quarters of the fund's total assets are typically allocated to income-producing equities, meaning those that pay out interest or dividends. ## Key Facts | Metric | Value | |---|---| | Price | $61.19 | | Expense Ratio | 0.61% | | Assets Under Management | $21.38B | | NAV | $61.19 | | Holdings Count | — | | Distribution Yield (TTM) | 17.60% | | Annual Distribution (TTM) | $10.77 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $51.31 – $67.78 | | Beta | 0.92 | ## Latest Distribution - Amount: $0.0419 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does PRILX invest in? This fund aims to both expand capital and generate regular income. It achieves these goals principally through substantial investments in a diverse array of equity instruments, encompassing both common and preferred stocks. Ordinarily, a minimum of 80% of its net assets—including any capital borrowed for investment—will be committed to such equity holdings. Furthermore, at least three-quarters of the fund's total assets are typically allocated to income-producing equities, meaning those that pay out interest or dividends. ### What is the expense ratio of PRILX? Parnassus Core Equity Fund - Institutional Shares (PRILX) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRILX? Parnassus Core Equity Fund - Institutional Shares (PRILX) manages $21.38B 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 PRILX actively managed or an index fund? PRILX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PRILX launched? Parnassus Core Equity Fund - Institutional Shares (PRILX) launched in April 2006 and is managed by Parnassus. ### How has PRILX performed? PRILX'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. ### Does PRILX pay a dividend? Parnassus Core Equity Fund - Institutional Shares (PRILX) currently distributes little or no income. Trailing-twelve-month yield is 17.60%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRILX pay dividends? Parnassus Core Equity Fund - Institutional Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRILX's dividend yield? PRILX's trailing-twelve-month yield is 17.60%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRILX's next ex-dividend date? The most recently announced ex-dividend date for PRILX was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PRILX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.61% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRILX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRILX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRILX cost more than a fund like VOO? PRILX's strategy (current expense ratio 0.61%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PRILX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PRILX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRILX (0.61%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prilx - Distribution history: https://www.dividenddata.com/funds/prilx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prilx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prilx/expenses - Peer comparison: https://www.dividenddata.com/funds/prilx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.