Parnassus Fixed Income Fund (PRFIX)
The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of bonds and other fixed income instruments. It principally invests in corporate bonds, U.S. Treasuries and supranational bonds, with an emphasis on corporate bonds. The fund may also invest in U.S. governmental agencies, commercial and residential mortgage-backed securities and other asset-backed securities. It invests mainly in domestic securities, and to a lesser extent may also invest in U.S. dollar denominated foreign securities.
Fund Info
| ISIN | US7017692002 |
|---|---|
| CUSIP | 701769200 |
| Issuer | Parnassus |
| Inception Date | Aug 31, 1992 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
PRFIX features an expense ratio of 0.68%, falling within the medium range.
Share Price Chart
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Popular comparisons: PRFIX vs. STLG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parnassus Fixed Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Parnassus Fixed Income Fund had a return of 2.02% year-to-date (YTD) and 7.76% in the last 12 months. Over the past 10 years, Parnassus Fixed Income Fund had an annualized return of 1.09%, while the S&P 500 had an annualized return of 11.39%, indicating that Parnassus Fixed Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.02% | 25.48% |
| 1 month | -1.21% | 2.14% |
| 6 months | 2.75% | 12.76% |
| 1 year | 7.76% | 33.14% |
| 5 years (annualized) | -0.51% | 13.96% |
| 10 years (annualized) | 1.09% | 11.39% |
Monthly Returns
The table below presents the monthly returns of PRFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.17% | -1.36% | 1.12% | -2.47% | 1.58% | 1.11% | 1.85% | 1.53% | 1.33% | -1.99% | 2.02% | ||
| 2023 | 3.65% | -2.55% | 1.62% | 0.64% | -1.13% | -0.01% | 0.31% | -0.61% | -2.40% | -1.56% | 4.88% | 4.02% | 6.74% |
| 2022 | -2.79% | -1.55% | -2.49% | -4.59% | 0.37% | -2.06% | 2.67% | -2.67% | -3.94% | -1.18% | 3.66% | -0.46% | -14.32% |
| 2021 | -1.18% | -1.98% | -1.22% | 0.94% | 0.35% | 1.21% | 1.10% | -0.25% | -0.95% | -0.06% | -0.78% | 0.05% | -2.79% |
| 2020 | 2.20% | 1.87% | -0.73% | 2.08% | 0.51% | 0.58% | 1.67% | -0.98% | 0.12% | -0.72% | 0.61% | -0.04% | 7.34% |
| 2019 | 1.65% | 0.32% | 2.19% | -0.08% | 1.84% | 1.45% | 0.15% | 2.83% | -0.71% | 0.24% | -0.28% | -0.27% | 9.64% |
| 2018 | -1.23% | -0.73% | 0.29% | -0.62% | 0.35% | -0.12% | 0.10% | 0.76% | -0.57% | -0.74% | 0.28% | 1.14% | -1.11% |
| 2017 | 0.35% | 0.75% | -0.05% | 0.78% | 0.63% | -0.10% | 0.58% | 0.62% | -0.56% | 0.13% | -0.20% | 0.14% | 3.11% |
| 2016 | 1.07% | 0.41% | 0.85% | 0.35% | 0.04% | 1.55% | 0.70% | 0.07% | 0.10% | -0.67% | -2.58% | 0.18% | 2.03% |
| 2015 | 1.72% | -0.73% | 0.47% | -0.27% | -0.02% | -1.05% | 0.55% | -0.25% | 0.72% | -0.03% | -0.21% | -0.23% | 0.63% |
| 2014 | 1.33% | 0.78% | -0.25% | 0.60% | 0.95% | -0.01% | -0.27% | 0.88% | -0.72% | 0.62% | -0.32% | 0.01% | 3.64% |
| 2013 | -1.06% | 0.54% | 0.10% | 1.17% | -1.50% | -1.31% | -0.09% | -0.53% | 0.73% | 0.36% | -2.55% | -0.74% | -4.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRFIX is 24, indicating that it is in the bottom 24% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parnassus Fixed Income Fund (PRFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Parnassus Fixed Income Fund provided a 3.53% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.47 | $0.37 | $0.29 | $0.29 | $0.39 | $0.43 | $0.39 | $0.36 | $0.33 | $0.37 | $0.29 |
Dividend yield | 3.53% | 3.15% | 2.53% | 1.67% | 1.59% | 2.31% | 2.72% | 2.34% | 2.18% | 1.98% | 2.20% | 1.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Parnassus Fixed Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.00 | $0.44 | |
| 2023 | $0.04 | $0.03 | $0.05 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2022 | $0.02 | $0.02 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.03 | $0.03 | $0.02 | $0.39 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.06 | $0.04 | $0.03 | $0.03 | $0.43 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.02 | $0.04 | $0.04 | $0.39 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.02 | $0.04 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.02 | $0.03 | $0.01 | $0.33 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 | $0.03 | $0.07 | $0.37 |
| 2013 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.01 | $0.03 | $0.03 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Parnassus Fixed Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parnassus Fixed Income Fund was 21.14%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Parnassus Fixed Income Fund drawdown is 10.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.14% | Aug 5, 2020 | 559 | Oct 21, 2022 | — | — | — |
| -11.51% | Oct 18, 1993 | 275 | Nov 4, 1994 | 129 | May 4, 1995 | 404 |
| -8.93% | Oct 6, 1998 | 420 | May 18, 2000 | 167 | Jan 18, 2001 | 587 |
| -6.48% | Mar 10, 2020 | 8 | Mar 19, 2020 | 57 | Jun 10, 2020 | 65 |
| -6.25% | Nov 5, 2010 | 65 | Feb 8, 2011 | 127 | Aug 10, 2011 | 192 |
Volatility
Volatility Chart
The current Parnassus Fixed Income Fund volatility is 1.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.