Parnassus Income Funds - Parnassus Value Select ETF

Frequently Asked Questions About PRVS

What does PRVS invest in?

PRVS focuses on a portfolio of approximately 20-30 value stocks, concentrating on large-cap US companies that are perceived as undervalued in the current market. The investment process involves rigorous analysis of company fundamentals, including evaluating financial statements and assessing management effectiveness. Competitive advantages such as brand strength, market position, and cost efficiency are also considered. In addition to financial metrics, PRVS incorporates assessments of environmental, social, and governance (ESG) criteria, including climate impact and governance practices, to ensure that investments align with broader sustainability considerations. The fund actively reviews its holdings to ensure they meet its standards for financial health and sustainable practices. This approach aims to capitalize on market undervaluation opportunities while pursuing capital appreciation over the long term.

What is the expense ratio of PRVS?

Parnassus Income Funds - Parnassus Value Select ETF (PRVS) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PRVS?

Parnassus Income Funds - Parnassus Value Select ETF (PRVS) manages $28.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is PRVS actively managed or an index fund?

PRVS is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRVS's is 0.59%) in exchange for the discretion to over- or under-weight positions.

When was PRVS launched?

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

How has PRVS performed?

PRVS'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.