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Guide to Parnassus Endeavor Investor Fund (PARWX)


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Parnassus Endeavor Investor (PARWX - MF report) a Zacks Rank #1 (Strong Buy) was incepted in April 2005. PARWX seeks growth of capital. PARWX looks to invest major portion of its assets in securities of companies that are expected to have employee friendly environment. PARWX invests in securities of companies that are considered to be undervalued and also have impressive growth prospects.

This Large Growth fund, as of the last filing, allocates their fund in three major groups; Large Value, Small Growth and Small Value. Further, as of the last filing, Applied Materials, Micron Technology and Ciena were the top holdings for PARWX.

Parnassus Endeavor Investor, managed by Parnassus, carries an expense ratio of 0.95%. Moreover, PARWX requires a minimal initial investment of $2,000.

PARWX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 15.19%, 3 year 13.51% and 5 year 15.90%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

PARWX’s performance, as of the last filing, when compared to funds in its category was in the top 2% in 1 year, top 4% over the past 3 years, and in the 2% over the past 5 years.

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