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Post by Deleted on May 8, 2022 20:13:57 GMT
Towards the end of last year I did slight shift to blend and value.
I chose Parnassus funds (PRBLX and PARWX). Parnassus is a great shop and PRBLX has done well for me over the years.
Parnassus being ESG shop does not invest much at all in material and fossil fuel energy.
So my shift did not work well at all in current environment while all this time I was under wrong impression that I have decent allocation in value/blend.
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Post by yogibearbull on May 8, 2022 20:56:17 GMT
PRBLX is definitely not value. M* shows its portfolio at the borderline of LC- blend & growth. So, M* puts it in LC-blend Category & LC-growth Investment Style. It does follow exclusionary ESG policies, so it is not exposed to energy, defense, sin-stocks. But it has decent cyclical exposure along with other growth & value stuff. IMO, growth vs value is too simplistic and economic recoveries drive cyclicals. It is also concentrated. It is a good/solid fund but it shouldn't be your only equity fund.
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Post by Deleted on May 8, 2022 21:38:49 GMT
I agree. PRBLX is more of growth with P/E around 23.5. The other PARWX is value but did quite bad too.
What I am learning is all value is not equal as you said or Value is too broad a category.
my other value investments - Berskhire, SCHD and recent buy of Vanguard Windsor are holding on so far.
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Post by roi2020 on May 9, 2022 4:13:26 GMT
Future PARWX performance may be quite different from its historical performance.
Longtime PARWX manager Jerry Dodson retired in December 2020.
The current manager, Billy Hwan, implements a relative value approach
while Mr. Dodson utilized a contrarian, high-conviction strategy.
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Post by Chahta on May 9, 2022 12:27:52 GMT
Interesting to compare PARWX (-13% YTD) to SCHD (-4%) YTD. Both are LV funds. SCHD pays much higher dividends so they must be the key for holding up better.
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Post by anovice on May 9, 2022 16:26:28 GMT
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Post by FD1000 on May 9, 2022 22:23:47 GMT
Since 12/2021 value+higher div have been doing better. HDV is an easy choice
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