Parnassus Mid Cap Growth Fund - Investor

Frequently Asked Questions About PARNX

What does PARNX invest in?

This fund's main objective is to achieve long-term growth of capital. It typically commits a minimum of 80% of its total assets (including any funds borrowed for investment) to growth-oriented businesses with a mid-range market capitalization. The fund is not compelled to sell or discontinue acquiring shares of a company it already holds merely because that company's market value shifts beyond the parameters of the Russell Midcap® Growth Index, whose specifications can fluctuate. Additionally, it possesses the flexibility to allocate up to 20% of its net assets to companies with either smaller or larger market capitalizations.

What is the expense ratio of PARNX?

Parnassus Mid Cap Growth Fund - Investor (PARNX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PARNX?

Parnassus Mid Cap Growth Fund - Investor (PARNX) manages $837.2M 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 PARNX actively managed or an index fund?

PARNX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PARNX launched?

Parnassus Mid Cap Growth Fund - Investor (PARNX) launched in December 1984 and is managed by the fund issuer.

How has PARNX performed?

PARNX'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.