# Parnassus Mid Cap Fund (PARMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/parmx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Parnassus · Asset class: Equity - Strategy: Actively Managed · Inception: 2005-04-29 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. ## Key Facts | Metric | Value | |---|---| | Price | $40.22 | | Expense Ratio | 0.95% | | AUM (All Share Classes) | $2.17B | | NAV | $40.22 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 9.76% | | Annual Distribution (TTM) | $3.93 /share | | Distribution Frequency | Irregular | | 52-Week Range | $36.45 – $42.90 | | Beta | 0.99 | ## Latest Distribution - Amount: $0.8730 /share - Ex-date: 2025-12-19 - Pay date: 2025-12-19 ## Frequently Asked Questions ### 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. ### Does PARMX pay a dividend? Parnassus Mid Cap Fund (PARMX) currently distributes little or no income. Trailing-twelve-month yield is 9.76%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PARMX pay dividends? Parnassus Mid Cap Fund pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PARMX's dividend yield? PARMX's trailing-twelve-month yield is 9.76%, calculated from the sum of dividends over the past year divided by the current price. ### When is PARMX's next ex-dividend date? The most recently announced ex-dividend date for PARMX was 2025-12-19. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will PARMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PARMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PARMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PARMX cost more than a fund like VOO? PARMX is actively managed (current expense ratio 0.95%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PARMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PARMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PARMX (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/parmx - Distribution history: https://www.dividenddata.com/funds/parmx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/parmx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/parmx/expenses - Peer comparison: https://www.dividenddata.com/funds/parmx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.