Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Parnassus Core Select and Parnassus Value Select ETFs are in registration
Not sure the three basis point discount compared to the OEF is going to attract much attention.
The way I am reading the information is that the difference between the ETF and the regular fund is 25 basis points. That combined with intra-day liquidity seems to warrant a serious look if one was already interested in the regular fund.
FYI the major holdings of PRCS (Parnassus Core Select ETF) line up fairly well vs its flagship PRBLX/PRILX. Sure, while .58 may be high for an ETF, it's better than .82 for PRBLX, at least you will get daily visibility into its holdings vs only monthly for the OEF.
It will be interesting to see how it tracks compared to CGDV which I'm kicking myself for not jumping into back when it was in the upper 20s.
Not sure the three basis point discount compared to the OEF is going to attract much attention.
The way I am reading the information is that the difference between the ETF and the regular fund is 25 basis points. That combined with intra-day liquidity seems to warrant a serious look if one was already interested in the regular fund.
Are most funds moving to unitary management fees? These are more akin to total expense ratio for non unitary funds, correct?
Comments
https://www.sec.gov/Archives/edgar/data/866256/000119312524284083/d878420d497.htm
It will be interesting to see how it tracks compared to CGDV which I'm kicking myself for not jumping into back when it was in the upper 20s.