Parnassus Mid Cap Fund

Frequently Asked Questions About PARMX

What does PARMX invest in?

The fund primarily commits at least 80% of its net assets to companies with a mid-range market capitalization. Management defines a "mid-sized company" as an entity whose market value, at the time of acquisition, falls between the smallest and largest constituents of the Russell Midcap® Index. This particular index is comprised of approximately 800 of the smaller companies listed within the broader Russell 1000® Index. However, the fund maintains the flexibility to allocate up to 20% of its net assets to businesses with either smaller or larger market capitalizations.

What is the expense ratio of PARMX?

Parnassus Mid Cap Fund (PARMX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PARMX?

Parnassus Mid Cap Fund (PARMX) manages $2.53B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PARMX actively managed or an index fund?

PARMX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PARMX's is 0.95%) because there's no security selection cost.

When was PARMX launched?

Parnassus Mid Cap Fund (PARMX) launched in April 2005 and is managed by the fund issuer.

How has PARMX performed?

PARMX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.