Parnassus Value Select ETF (PRVS)

The Parnassus Value Select ETF is an actively managed equity fund from Parnassus Investments, a San Francisco-based manager that pairs fundamental research with environmental, social and governance analysis.

The fund invests in a concentrated portfolio of U.S. companies that Parnassus believes are trading below their intrinsic value, typically focusing on large and mid-sized businesses. The value style involves buying out-of-favor companies whose prospects the team believes are underappreciated by the market, while ESG factors remain part of the selection process.

Listed on the NYSE under the ticker PRVS, it offers the Parnassus value approach in an exchange-traded format, complementing the firm's core equity ETF.