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PDARX

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Analysis and statistics

  • Open
    12.0766$
  • Previous Close
    12.0766$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

PDARX.US refers to the Parnassus Endeavor Fund Investor Shares. It is a mutual fund managed by Parnassus Investments that focuses on investing in companies with positive environmental, social, and governance (ESG) practices alongside strong financial performance. The fund aims to generate long-term capital appreciation by selecting companies that they believe are contributing to a more sustainable and equitable world.

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Factors

Net Asset Value (NAV): PDARX.US's price directly reflects its NAV, calculated by dividing the fund's total assets minus liabilities by the number of outstanding shares.

Underlying Bond Market: Changes in interest rates, credit spreads, and overall bond market conditions significantly affect the value of the bonds held in PDARX.US's portfolio.

Fund Flows: Large inflows into or outflows from PDARX.US can impact its price as the fund manager buys or sells bonds to accommodate these flows.

Credit Quality: Downgrades or upgrades in the credit ratings of bonds held by PDARX.US will affect its price, as higher credit risk typically leads to lower bond prices.

Maturity and Duration: The average maturity and duration of the bonds in PDARX.US's portfolio influence its sensitivity to interest rate changes; longer durations mean greater price volatility.

Inflation Expectations: Rising inflation expectations can lead to higher interest rates, which negatively impact bond prices and, consequently, PDARX.US's price.

Economic Growth: Strong economic growth can sometimes lead to higher interest rates, affecting bond prices, while weaker growth might lead to lower rates and higher bond prices.

Federal Reserve Policy: Decisions by the Federal Reserve regarding interest rates and monetary policy have a substantial impact on the bond market and PDARX.US's price.

Market Sentiment: General investor sentiment and risk appetite can influence demand for bond funds like PDARX.US, affecting its price.

Expense Ratio: While not directly a price driver, the expense ratio impacts the net return to investors and therefore can influence investment decisions and demand.

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