Fund Facts  

Inception Date: Sep 1, 1992
CUSIP: 701769101
Ticker Symbol: PRBLX
Morningstar Category:Large Blend
As of Mar 31, 2021
Fund Net Assets ($millions) $25,620
Sustainable Investment:Yes

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to achieve both capital appreciation and current income.

Principal Investment Strategies  

The fund's objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80% of its net assets (plus borrowings for investment purposes) in equity securities. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2021
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Parnassus Core Equity Investora7.13%7.13%56.24%19.30%16.27%14.17%11.49%
S&P 500 Indexa,b6.17%6.17%56.35%16.78%16.29%13.91%N/A
Morningstar Large Blenda,c6.74%6.74%56.80%14.87%14.80%12.40%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in an ICMA-RC administered account can log in at www.icmarc.org, or institutions can go to www.vantagepointfunds.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.86%
Net Expenses0.86%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2021 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Mar 31, 2021Mar 31, 2021$0.043400000
Dec 17, 2020Dec 17, 2020$0.085800000
Nov 19, 2020Nov 19, 2020$2.841700000
Sep 30, 2020Sep 30, 2020$0.049900000
Jun 30, 2020Jun 30, 2020$0.073200000
Mar 31, 2020Mar 31, 2020$0.099300000
Dec 27, 2019Dec 27, 2019$0.092800000
Nov 21, 2019Nov 21, 2019$3.428200000
Sep 30, 2019Sep 30, 2019$0.089100000
Jun 28, 2019Jun 28, 2019$0.069900000
Mar 29, 2019Mar 29, 2019$0.092700000
Dec 27, 2018Dec 27, 2018$0.088400000
Nov 20, 2018Nov 20, 2018$3.314600000
Sep 28, 2018Sep 28, 2018$0.110600000
Jun 29, 2018Jun 29, 2018$0.088500000
Mar 29, 2018Mar 29, 2018$0.157100000
Dec 27, 2017Dec 27, 2017$0.206700000
Nov 21, 2017Nov 21, 2017$2.500800000
 

Morningstar Information

Morningstar RatingTM   As of Mar 31, 2021
Period Stars Category Size
Overall 5 Stars1225
3-Year 5 Stars1225
5-Year 5 Stars1068
10-Year 5 Stars809

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Mar 31, 2021
Equity Stylebox
Large Growth
Allocation of Assets As of Feb 28, 2021
Type of Asset Percent
Equity98%
Fixed Income0%
Cash/Other2%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 28, 2021
Asset ClassPercent
Domestic Stock95.3%
Foreign Stock2.9%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.8%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 

Equity Sector As of Feb 28, 2021
SectorPercent
Technology28.9%
Industrials16.8%
Financial Services10.5%
Communication Services10.4%
Healthcare10.0%
Consumer Cyclical8.9%
Consumer Defensive7.1%
Basic Materials2.9%
Real Estate2.7%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Feb 28, 2021
Holding NamePercent
Microsoft Corp5.8%
Applied Materials Inc5.2%
Deere & Co4.8%
Comcast Corp Class A4.2%
Amazon.com Inc4.1%
Danaher Corp3.8%
CME Group Inc Class A3.4%
Mastercard Inc A3.2%
Alphabet Inc A3.2%
Verizon Communications Inc3.1%
 

Statistics

Portfolio Statistics As of Mar 31, 2021
Statistic3-Year5-Year
Beta0.860.86
Alpha3.961.79
Standard Deviation16.2413.27
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2021 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.