ETF Evaluator: Parnassus Core Select ETF () Follow This ETF

Parnassus Core Select ETF Overview

Parnassus Core Select ETF (PRCS) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Parnassus launched the ETF in 2024.

The investment seeks capital appreciation. The fund is an actively managed ETF whose objective is to achieve capital appreciation by investing primarily in a concentrated 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 selected using its core strategy. The fund is non-diversified.

About Parnassus Core Select ETF (PRCS)

There are 3 members of the management team with an average tenure of 1.64 years: Benjamin Allen (2024), Andrew Choi (2024) and Todd Ahlsten (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Parnassus Core Select ETF has 27 securities in its portfolio. The top 10 holdings constitute 57.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

Parnassus Core Select ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Parnassus Core Select ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.5% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Parnassus Core Select ETF has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $175 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PRCS Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Parnassus Core Select ETF expense ratio is average compared to funds in the Large Blend category. Parnassus Core Select ETF has an expense ratio of 0.58%, which is 40% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Parnassus Core Select ETF has a portfolio turnover rate of 18%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.

Recently, in the month of July 2026, Parnassus Core Select ETF returned -0.2%, which earned it a grade of C, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Parnassus Core Select ETF has a trailing yield of 0.12%, which is below the 1.16% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Parnassus Core Select ETF Grades

Year to date, the ETF has returned 7.0%, 2.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 10.7% over the past year (grade of F).

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