ETF Evaluator:
Parnassus Value Select ETF ()
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(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
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Risk
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ETF Details
Parnassus Value Select ETF Overview
Parnassus Value Select ETF (PRVS) is an actively managed U.S. Equity Large Value 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 in a concentrated portfolio of equity securities selected using the fund’s “value strategy”. 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 value strategy. The fund is non-diversified.
About Parnassus Value Select ETF (PRVS)
There are 2 members of the management team with an average tenure of 1.07 years: Mark Zagata (2026) and Krishna Chintalapalli (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Russell 1000 Value TR USD index with a weighting of 100%. Parnassus Value Select ETF has 28 securities in its portfolio. The top 10 holdings constitute 47.4% 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 Value Select ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Parnassus Value Select ETF has 11.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.4% There is 11.2% 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 Value Select ETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $25 million in total assets, which is below the $5 billion average for the Large Value 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.
PRVS 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 Value Select ETF expense ratio is average compared to funds in the Large Value category. Parnassus Value Select ETF has an expense ratio of 0.59%, which is 58% higher than its category average, making the fund expense ratio grade a F. 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 Value Select ETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Parnassus Value Select ETF returned 0.2%, which earned it a grade of F, as the Large Value category had an average return of 2.4%. 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 Value Select ETF has a trailing yield of 0.51%, which is below the 1.70% 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 Value Select ETF Grades
Year to date, the ETF has returned 17.6%, 3.2 percentage points better than the category, which translates into a grade of B. The fund has returned 29.8% over the past year (grade of B).
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PRVS Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PRVS Return (NAV) | 0.2% | 9.4% | 29.8% | na | na | na |
| PRVS Return (Price) | 0.2% | 9.5% | 29.0% | na | na | na |
| NAV +/- Price Return | -0.096% | -0.101% | 0.706% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| PRVS Grade (NAV) | F | A | B | na | na | na |
| +/- Category (NAV) | -2.2% | 3.5% | 5.7% | na | na | na |
| PRVS Tax-Cost Ratio | na | na | 0.3% | na | na | na |
PRVS Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PRVS Return (NAV) | 17.6% | 18.1% | na | na | na | na | na | na | na | na | na |
| PRVS Return (Price) | 17.7% | 18.1% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.002% | 0.000% | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| PRVS Grade (NAV) | B | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 3.2% | 3.2% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 25 Mil |
| Share Class Assets: | $ 25 Mil |
| Turnover: | 34.1% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | Russell 1000 Value TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.6 years | |||
| Average Tenure: 1.1 years | |||
| Managers (Year): Chintalapalli Krishna (2024), Zagata Mark (2026) | |||
Portfolio Composition (as of 7/20/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 47.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 11.2% |
Portfolio Allocation |
|
| Domestic Stock: | 88.4% |
| Foreign Stock: | 11.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Parnassus |
| Phone Number: | 855-514-4443 |
| Website: | www.parnassus.com |
| Inception Date: | December 11, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
