PRILX Fees and Costs — Parnassus Core Equity Fund, Institutional Shares
Data updated: 2026-07-20
The net expense ratio is 0.61%: a 0.57% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.0M in broker commissions, 0.0107% of average net assets, and portfolio turnover was 28%.
PRILX Fees and Expenses
Annual operating expenses and sales charges of PRILX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PRILX Costs Over Time
On $10,000 invested in PRILX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
PRILX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0107%
- Total broker commissions: $3.0M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $418 (0.000% of average net assets)
PRILX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC. | $1.9M | 68.70% |
| ROYAL BANK OF CANADA | $233K | 8.37% |
| INSTINET, LLC | $113K | 4.08% |
| Cantor Fitzgerald & Co. | $108K | 3.88% |
| BNY MELLON CAPITAL MARKETS, LLC | $90K | 3.23% |
| Goldman Sachs & Co, LLC | $78K | 2.79% |
| MORGAN STANLEY & CO. LLC | $66K | 2.36% |
| UBS Securities LLC | $64K | 2.30% |
| Sg Americas Securities, Llc | $62K | 2.23% |
| J.P. MORGAN SECURITIES LLC | $57K | 2.06% |
Parnassus Core Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PRILX | Institutional Shares | 0.61% | — |
| PRBLX | Investor Shares | 0.81% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.