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) is one share class of a fund that manages $2.17B across all of its share classes (PFPMX reports the same total). Our data does not carry the assets of this share class alone. 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 actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PARMX's is 0.95%) in exchange for the discretion to over- or under-weight positions.

When was PARMX launched?

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

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.