Registry rank 1023 · Portfolio as of 2026-06-30

Parnassus Value Equity Fund

PARWX · PFPWX

Best-fit active share73.3%vs IVV · fund as of 2026-06-30 · proxy as of 2026-03-31
Declared-benchmark active share76.9%Russell 1000® Value Index · benchmark mismatch · fund as of 2026-06-30 · proxy as of 2026-03-31 · declared source as of 2025-12-31
PARWX expense ratio0.88%SEC expense filing · as of 2025-12-31
PARWX fee per active unit1.20%expense as of 2025-12-31; fund as of 2026-06-30; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
PARWX0.88% · SEC expense filing · as of 2025-12-31$12,993$40,600$95,204
PFPWX0.65% · SEC expense filing · as of 2025-12-31$9,652$30,483$72,226

Real trailing windows

Computed on licensed market-return history

Trailing windows use IVV adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
PARWXFiled fee as of 2025-12-31$29,270Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$121,045Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window
PFPWXFiled fee as of 2025-12-31$21,726Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 14.88% annualized
$90,781Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 11.19% annualized
Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. PARWX SEC expense filing, as of 2025-12-31. Methodology.

SEC-convention illustration for PARWX; expense ratio filed as of 2025-12-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$224,225
Difference attributed to fee drag$40,600

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IVV

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

Bank of New York Mellon Corp. (The)+3.40%
TAIWAN SEMICONDUCTOR-SP ADR+3.19%
Coca-Cola Co. (The)+2.31%
HoldingFundIVVDifference
NVIDIA Corp.0.00%7.58%-7.58%
Apple, Inc.0.00%6.67%-6.67%
Bank of New York Mellon Corp. (The)3.55%0.15%+3.40%
TAIWAN SEMICONDUCTOR-SP ADR3.19%0.00%+3.19%
Cummins, Inc.2.81%0.13%+2.68%
Sysco Corp.2.55%0.06%+2.49%
CBRE Group, Inc.2.47%0.07%+2.40%
Coca-Cola Co. (The)2.83%0.53%+2.31%
Meta Platforms, Inc.0.00%2.24%-2.24%
ASTRAZENECA PLC2.24%0.00%+2.24%

Source and verification

SEC N-PORT filing · filed 2026-07-20 · period 2026-06-30

SEC expense filing · period 2025-12-31

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Parnassus Value Equity Fund — best-fit active share,” 73.3% versus IVV, fund portfolio as of 2026-06-30. https://sensible-investor.com/registry/parwx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

PARWX filed expense ratio

Sensible Investor, “Parnassus Value Equity Fund — filed expense ratio,” 0.88% for PARWX, as of 2025-12-31. https://sensible-investor.com/registry/parwx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

PARWX fee per active unit

Sensible Investor, “Parnassus Value Equity Fund — fee per unit of active management,” 1.20% using the PARWX expense ratio as of 2025-12-31 and fund portfolio as of 2026-06-30. https://sensible-investor.com/registry/parwx/as-of/363649da-fcfb-4007-87ef-de06de7710ca