What this ETF is trying to do

The Parnassus Core Select ETF (PRCS) is a fund that invests in a collection of companies. Based on its top holdings, it focuses heavily on large technology and service companies. As of October 7, 2026, its top holdings include Microsoft Corp (10.85%), NVIDIA Corp (8.06%), and Alphabet Inc Class A (7.87%).

What the numbers show

As of October 5, 2026, the current price of one share is $29.18.

To understand how the price has changed, we can look at the price return (which only tracks the share price) and the total return (which includes distributions).

• Year-to-Date (YTD): The price return is 8.64%, and the total return is also 8.64%.

• One Year: The price return is 10.63%, while the total return is slightly higher at 10.78%.

For a simple example, if you had invested $10,000 in this ETF roughly one year ago at the estimated price of $26.38, the price-only increase would have grown that investment to approximately $11,063.34.

Income and distribution explanation

This ETF pays out cash to investors, known as distributions. The distribution yield is 0.12%. In the last 12 months, it has made one payout. The frequency of these payments is described as irregular or less frequent.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment value will stay the same.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets drops significantly over time. StockValueFinder uses an erosion-risk score to measure this.

PRCS has an erosion score of 100, and the erosion label states "No price erosion detected." The erosion severity is rated as "good," and the severe erosion-risk flag is false. This means the fund's price trend has not triggered a warning for substantial price deterioration.

Pros

• Positive Returns: The fund has shown positive price and total returns over the last year and so far this year.

• Low Erosion Risk: The fund has a "good" erosion severity rating.

• Strong Holdings: It holds well-known companies like Amazon.com Inc (6.58%) and Apple Inc (3.8%).

Cons

• Low Income: The distribution yield is very low (0.12%).

• Irregular Payouts: Cash distributions are not paid on a steady, frequent schedule.

Beginner takeaway

PRCS is an ETF that has seen its share price grow over the past year. While it provides a small amount of cash income, it is not designed for investors seeking high regular payouts. Its primary movement has been driven by the price of its holdings rather than its distributions.