Morningstar

Parnassus Fixed Income Institutional PFPLX

Morningstar Medalist Rating
Medalist Rating as of | See Parnassus Investment Hub
  • NAV / 1-Day Return 15.18  /  −0.20 %
  • Total Assets 295.3 Mil
  • Adj. Expense Ratio
    0.390%
  • Expense Ratio 0.390%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 5.88 years

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:25 PM GMT+0

Morningstar’s Analysis PFPLX

Will PFPLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFPLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PFPLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PFPLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin Parnassus Fixed Income Institutional's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PFPLX

More PFPLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares MBS ETF

7.69 22.2 Mil
—

International Finance Corporation 2.125%

2.02 5.8 Mil
Government

Cash

2.00 5.8 Mil
Cash and Equivalents

United States Treasury Bonds 4%

1.51 4.3 Mil
Government

International Bank for Reconstruction & Development 1.625%

1.49 4.3 Mil
Government

International Finance Corporation 4.375%

1.40 4.0 Mil
Government

International Bank for Reconstruction & Development 3.125%

1.37 3.9 Mil
Government

Federal National Mortgage Association 5.5%

1.35 3.9 Mil
Securitized

United States Treasury Notes 0.375%

1.32 3.8 Mil
Government

Federal National Mortgage Association 6%

1.31 3.8 Mil
Securitized

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