# Parnassus Income Funds - Parnassus Value Select ETF (PRVS): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prvs for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Parnassus · Asset class: Large Cap Equity - Strategy: Actively Managed · Inception: 2024-12-11 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, t... ## Key Facts | Metric | Value | |---|---| | Price | $32.61 | | Expense Ratio | 0.59% | | Assets Under Management | $28.9M | | NAV | $32.78 | | Holdings Count | 27 | | Distribution Yield (TTM) | 0.52% | | Annual Distribution (TTM) | $0.17 /share | | Distribution Frequency | Irregular | | 52-Week Range | $26.59 – $33.71 | | Beta | 0.85 | ## Latest Distribution - Amount: $0.1690 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-26 ## Frequently Asked Questions ### 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. ### Does PRVS pay a dividend? Parnassus Income Funds - Parnassus Value Select ETF (PRVS) currently distributes little or no income. Trailing-twelve-month yield is 0.52%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRVS pay dividends? Parnassus Income Funds - Parnassus Value Select ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRVS's dividend yield? PRVS's trailing-twelve-month yield is 0.52%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRVS's next ex-dividend date? The most recently announced ex-dividend date for PRVS was 2025-12-19. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will PRVS's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.59% 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 PRVS charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRVS'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 PRVS cost more than a fund like VOO? PRVS is actively managed (current expense ratio 0.59%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRVS's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRVS? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PRVS (0.59%) 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/prvs - Distribution history: https://www.dividenddata.com/funds/prvs/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prvs/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prvs/expenses - Peer comparison: https://www.dividenddata.com/funds/prvs/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.