Parnassus Core Select ETF

Parnassus Core Select ETF (PRCS) is an actively managed fund. Parnassus Investments picks a small portfolio of mostly large U.S. stocks, generally 20 to 30, using financial analysis and a review of each company's business practices. As of June 30, 2026, it held 25 stocks. The top 10 made up 61% of the fund, and Applied Materials alone was 12.4%. It costs 0.58% a year and pays almost no income.

• Over the year to Oct 27, 2026, PRCS returned +7.1%.
• Its worst full calendar year was 2025 (+11.7%); its best was 2025 (+11.7%).
• The deepest fall in its price history was 18.2% (Jan 23, 2025 to Apr 8, 2025), recovered by Jun 26, 2025.

As of Jun 30, 2026, the fund held 25 securities; the ten largest made up 61.37% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $8.5M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +10.01%, +0.80%, +3.69%.

PRCS does not track an index. Its adviser, Parnassus Investments, picks stocks itself, aiming for a concentrated portfolio of generally 20 to 30 holdings. It mixes value stocks (companies it thinks trade below their worth) and growth stocks (companies it expects to grow faster than peers). More than half of assets normally go to large companies, those worth more than the median company in the Russell 1000 Index, a cutoff of $15.8 billion as of March 31, 2026.

The team studies each company's financial statements, management and "durable competitive advantage," its ability to fend off rivals through traits such as patents, strong brands or high switching costs. It also weighs sustainable business practices, reviewing every holding at least annually. Seeking downside protection, the managers favor stocks they believe carry less broad market risk, and may sell if fundamentals weaken, upside looks limited or sustainability practices fall short.

The prospectus sets no weighting formula or rebalancing schedule; the managers decide position sizes. As of June 30, 2026, the fund held 25 stocks, led by Applied Materials at 12.4%, Alphabet at 8.4% and Microsoft at 7.4%, with the top 10 at 61.4%. As a "non-diversified" fund, it may put more of its assets in fewer companies than a diversified fund. It uses no leverage or options and held no derivatives.

• PRCS charges 0.58% a year.
• Using the prospectus's standard example, $10,000 invested would cost about $59 in the first year and $726 over 10 years (assuming a 5% annual return).

With 25 stocks, a heavy tilt toward technology and less than two years of history, it fits better as a smaller growth position beside broader funds than as a whole portfolio.

PRCS could add a concentrated, quality-focused group of large U.S. stocks next to a broad core fund. Its history is short. It launched on December 12, 2024, so it has no record from the 2008, 2020 or 2022 sell-offs. Its only full calendar year, 2025, returned 11.7%. Its deepest drop was 18.2%, from January 23 to April 8, 2025. It got back to its earlier high by June 26, 2025, about 2.6 months later. Someone who had to sell near that April low would have locked in the loss. The yield was 0.14% as of October 27, 2026, paid once a year, so the fund produces very little income. Its expense ratio is 0.58%. In the SEC's standard example, that comes to $726 in costs on $10,000 over 10 years. Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.

No close alternatives found.