Parnassus Mid Cap Fund Institutional Shares

Frequently Asked Questions About PFPMX

What does PFPMX invest in?

The Parnassus Mid Cap Fund typically allocates a significant portion of its net assets – at least 80% – to companies classified as mid-sized. Management defines a mid-sized company as one whose market capitalization falls within the range of the smallest and largest components of the Russell Midcap® Index, assessed at the time of investment. The Russell Midcap® Index is composed of approximately 800 of the smaller companies found within the Russell 1000® Index. Furthermore, the fund has the flexibility to invest up to 20% of its total net assets in businesses with either smaller or larger market capitalizations.

What is the expense ratio of PFPMX?

Parnassus Mid Cap Fund Institutional Shares (PFPMX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PFPMX?

Parnassus Mid Cap Fund Institutional Shares (PFPMX) is one share class of a fund that manages $2.13B across all of its share classes (PARMX 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 PFPMX actively managed or an index fund?

PFPMX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PFPMX's is 0.75%) in exchange for the discretion to over- or under-weight positions.

When was PFPMX launched?

Parnassus Mid Cap Fund Institutional Shares (PFPMX) launched in April 2015 and is managed by Parnassus.

How has PFPMX performed?

PFPMX'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.