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Parnassus Endeavor Fund

Parnassus Endeavor Fund

Parnassus Endeavor Fund
Last update 2021-10-19 42 Stocks (2 new)
Value $4.84 Bil Turnover 8 %
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Parnassus Endeavor Fund Profile

Part of Jerome Dodson’s Parnassus Investments, the Parnassus Endeavor Fund is a fossil-fuel-free and positive workplace fund that selects deeply discounted, out-of-favor stocks with a wider range of expected outcomes. Mr. Dodson was the portfolio manager of the Fund until he stepped back from fund management at the end of 2020, after which Billy Hwan became the new portfolio manager of the Parnassus Endeavor Fund. Affiliated Managers Group gained control of Parnassus in mid-2021 after acquiring a majority stake in the firm.

Parnassus Endeavor Fund Investing Philosophy

The Parnassus Endeavor Fund invests in U.S. large cap companies with long-term competitive advantages and relevancy, quality management teams and positive performance on ESG criteria The fund holds companies with outstanding workplaces and avoids investments in fossil fuels. The portfolio managers seek to outperform the S&P 500 Index by purchasing the stocks of quality companies when they are deeply discounted. The managers are willing to accept the widest range of outcomes of the Parnassus funds for stocks they believe are only temporarily trading at low prices.
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Performance of Parnassus Endeavor Fund