Parnassus Fixed Income Fund - Investor Shares
PRFIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Market #1600 San Francisco CA United States of America 94105
- IPO Date
- Aug 31, 1992
- CIK
- 0000866256
- Similar Companies
- Business
- Parnassus Fixed Income Fund - Investor Shares (PRFIX) is a socially responsible fixed income mutual fund offered by Parnassus Investments that invests primarily in investment-grade corporate bonds, U.S. Treasuries, supranational bonds, and smaller allocations to U.S. governmental agencies, commercial and residential mortgage-backed securities, asset-backed securities, convertibles, and preferred stock; the fund emphasizes ESG-screened corporate securities from approximately 60 issuers, avoiding leverage, derivatives, and securitized bonds to enable deep fundamental research at the company level. Parnassus Investments, founded in 1984 and headquartered at One Market Street, Suite 1600, San Francisco, California, manages the fund as part of its suite of actively managed responsible investing strategies serving retail, institutional, and wealth management clients primarily in the United States. The fund maintains a duration similar to the Bloomberg U.S. Aggregate Bond Index benchmark and targets intermediate-term, high-quality holdings projected for income generation and principal appreciation relative to risk. In a major strategic shift announced in March 2025, Parnassus Investments decided to close and liquidate the Parnassus Fixed Income Fund, including PRFIX Investor Shares and PFPLX Institutional Shares, effective April 30, 2025, ceasing new purchases after March 14, 2025, to refocus resources exclusively on equity strategies; this operational change reflects the fund's lack of commercial viability while retaining its co-portfolio managers' credit analysis expertise for equity portfolios. Parnassus Investments, with approximately $45.6 billion in assets under management as of December 31, 2024 across its equity funds such as Core Equity, Growth Equity, Value Equity, Mid Cap, and International Equity, continues as a pioneer in ESG-integrated investing without noted recent acquisitions, partnerships, funding rounds, or new fixed income launches.