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The Fund is an actively managed ETF whose objective is to achieve capital appreciation by investing primarily in concentrated portfolio of equity securities (generally 20-30 holdings) selected using the Fund's "core strategy,". Equity securities include common and preferred stock. Under normal circumstances, the Fund will invest a minimum of 80% of its net assets in equity securities selected using its core strategy. The Fund's "core strategy" selects value stocks and growth stocks of companies for investment. Value stocks are stocks of companies that the Fund's investment adviser, Parnassus Investments, LLC believes are undervalued, which means that their current prices are less than the Adviser believes they are worth. Growth stock are stocks of companies whose revenues, earnings, or cash flows the Adviser expects to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. The Fund is primarily a large-cap fund. The Adviser seeks to invest in companies with sustainable business practices, in alignment with its investment philosophy and Principles, as the Adviser believes these factors are relevant to its assessment of quality and the risk-return profiles of companies in the Fund.
Parnassus Core Select ETF trades on the NYSE stock market under the symbol PRCS.
As of December 12, 2025, PRCS stock price declined to $26.74 with 76,374 million shares trading.
PRCS has a beta of 0.89, meaning it tends to be less sensitive to market movements. PRCS has a correlation of 0.93 to the broad based SPY ETF.
PRCS has a market cap of $82.63 million. This is considered a Micro Cap stock.
PRCS has underperformed the market in the last year with a return of +7.1%, while the SPY ETF gained +14.0%. In the last 3 month period, PRCS fell short of the market, returning +3.5%, while SPY returned +4.0%. However, in the most recent 2 weeks PRCS has outperformed the stock market by returning -0.2%, while SPY returned -0.2%.
PRCS support price is $26.68 and resistance is $27.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRCS shares will trade within this expected range on the day.
