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Parnassus Core Equity Fund - Investor Shares (PRBLX)
Nasdaq - Nasdaq Delayed Price. Currency in USD
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9 reactions on $PRBLX conversation
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with a 15 percent 5 year return, and a low risk, high return rating, I find it hard to believe there is no activity on this board. it has an excellent portfolio of stocks that have less volatility than other funds. If you combine this fund, along with SCHD by Shwab , you have a good earnings portfolio.
anyone know why prblx is up over $29 a share today???
Why the sudden drop and now its not being traded??
In case anyone is wondering, the big drop in NAV on 11/21/2019 was due to a capital gain distribution of $3.4282 and not due to a performance issue.
PRBLX was a 5-star fund when I got in 10 years ago, but since the Obama bull market (starting Feb. 2009), the fund has fallen short of the important indexes. Looking at some of the uninspiring holdings in its portfolio, it’s not hard to see why the fund has dropped to 3 stars for the preceding 3-year and 5-year stretches. Its top holding has been CVS, a drug store that failed a consumer comparison test conducted by Yahoo a couple of days ago. The photos told the story: whereas Walgreen's was laid out like an attractive "theme park, with shelves full and organized, displaying products that were bright and alluring to various ages, CVS was a poorly designed and badly maintained, boring and trashy "trailer park" by comparison. This was the kind of choice that the legendary Peter Lynch would call a no-brainer. Another holding--fit only for a fund whose philosophy is "slow" to "no-grow"--is American Express, a perennial favorite of portfolio managers needing to come up with something in a hurry. Not only are company profits disappointing, but in the past 20 years AXP has been slower than Visa or Mastercard in offering consumer support for a wrongful charge. AXP may once have been viewed as a card offering "status" along with its promised services, but today it clearly needs to “earn” its reputation as an “upper-scale” credit provider. Maybe PRBLX is more interested in "turnaround" stories than in recent companies showing momentum and growth. If so, I’ll give the fund another 5 years before a final decision.
dont now how much higher it can go
$2.84 capital gain distribution for 2020. Thought it would be larger.
Why the sudden drop in Quarterly dividends ??
What happened to FDX? It was in the top holdings, now it's gone.
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