Parnassus Mid Cap Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
14.0%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
5.5%
Net Assets
$5.4 B
Holdings in Top 10
33.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.76%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PARMX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return 5.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.08%
- Dividend Yield 0.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameParnassus Mid Cap Fund
-
Fund Family NameParnassus Funds
-
Inception DateApr 29, 2005
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Gershuny
Fund Description
PARMX - Performance
Return Ranking - Trailing
Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -13.8% | 16.2% | 69.51% |
1 Yr | 14.0% | -8.5% | 39.8% | 47.53% |
3 Yr | -1.3%* | -22.4% | 14.9% | 92.63% |
5 Yr | 5.5%* | -1.8% | 19.7% | 92.86% |
10 Yr | 7.9%* | 1.9% | 12.6% | 49.77% |
* Annualized
Return Ranking - Calendar
Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.9% | -12.9% | 28.8% | 73.76% |
2022 | -25.0% | -52.6% | 20.1% | 83.01% |
2021 | 10.8% | -43.8% | 32.4% | 51.14% |
2020 | 14.5% | -10.6% | 82.1% | 20.71% |
2019 | 23.5% | -8.5% | 37.5% | 50.16% |
Total Return Ranking - Trailing
Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -13.8% | 16.2% | 69.51% |
1 Yr | 14.0% | -8.5% | 39.8% | 47.53% |
3 Yr | -1.3%* | -22.4% | 14.9% | 92.63% |
5 Yr | 5.5%* | -1.8% | 19.7% | 92.86% |
10 Yr | 7.9%* | 1.9% | 12.6% | 49.77% |
* Annualized
Total Return Ranking - Calendar
Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.7% | 1.2% | 31.3% | 75.14% |
2022 | -21.4% | -45.7% | 21.1% | 87.74% |
2021 | 16.4% | -30.2% | 52.8% | 87.50% |
2020 | 14.9% | -8.4% | 84.3% | 36.39% |
2019 | 28.8% | 1.0% | 43.4% | 39.18% |
NAV & Total Return History
PARMX - Holdings
Concentration Analysis
PARMX | Category Low | Category High | PARMX % Rank | |
---|---|---|---|---|
Net Assets | 5.4 B | 728 K | 160 B | 5.69% |
Number of Holdings | 49 | 1 | 2609 | 74.80% |
Net Assets in Top 10 | 1.78 B | 155 K | 11.7 B | 6.23% |
Weighting of Top 10 | 32.97% | 3.4% | 100.0% | 24.18% |
Top 10 Holdings
- The Sherwin-Williams Co. 3.94%
- Hologic Inc. 3.83%
- Cboe Global Markets Inc. 3.51%
- Roper Technologies Inc. 3.30%
- IQVIA Holdings Inc. 3.24%
- TransUnion 3.06%
- Ball Corp. 3.05%
- Ross Stores Inc. 3.05%
- Fidelity National Information Services 3.03%
- Sysco Corp. 2.96%
Asset Allocation
Weighting | Return Low | Return High | PARMX % Rank | |
---|---|---|---|---|
Stocks | 98.63% | 14.60% | 104.46% | 52.03% |
Cash | 1.37% | 0.00% | 30.96% | 51.76% |
Preferred Stocks | 0.00% | 0.00% | 14.30% | 74.25% |
Other | 0.00% | -1.04% | 23.02% | 73.98% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 73.98% |
Bonds | 0.00% | 0.00% | 62.14% | 76.69% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PARMX % Rank | |
---|---|---|---|---|
Technology | 20.27% | 0.00% | 40.65% | 16.03% |
Industrials | 18.69% | 0.00% | 45.89% | 23.64% |
Consumer Cyclical | 12.90% | 2.49% | 46.48% | 51.90% |
Real Estate | 10.68% | 0.00% | 25.82% | 9.24% |
Healthcare | 10.55% | 0.00% | 24.06% | 43.75% |
Financial Services | 9.65% | 0.00% | 46.10% | 90.76% |
Consumer Defense | 6.65% | 0.00% | 32.18% | 15.22% |
Basic Materials | 5.90% | 0.00% | 16.35% | 46.47% |
Utilities | 2.57% | 0.00% | 18.97% | 69.02% |
Communication Services | 2.14% | 0.00% | 30.98% | 56.79% |
Energy | 0.00% | 0.00% | 58.13% | 95.65% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PARMX % Rank | |
---|---|---|---|---|
US | 98.63% | 14.60% | 104.46% | 44.44% |
Non US | 0.00% | 0.00% | 19.95% | 78.86% |
PARMX - Expenses
Operational Fees
PARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.97% | 0.03% | 35.91% | 52.19% |
Management Fee | 0.71% | 0.00% | 1.50% | 53.41% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
PARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
PARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 34.76% | 0.00% | 304.00% | 39.70% |
PARMX - Distributions
Dividend Yield Analysis
PARMX | Category Low | Category High | PARMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.36% | 0.00% | 31.05% | 74.80% |
Dividend Distribution Analysis
PARMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
PARMX | Category Low | Category High | PARMX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.08% | -2.06% | 3.38% | 74.39% |
Capital Gain Distribution Analysis
PARMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.136 | OrdinaryDividend |
Dec 21, 2022 | $0.085 | OrdinaryDividend |
Dec 22, 2021 | $0.012 | OrdinaryDividend |
Dec 17, 2020 | $0.079 | OrdinaryDividend |
Dec 27, 2019 | $0.180 | OrdinaryDividend |
Nov 21, 2019 | $1.298 | OrdinaryDividend |
Dec 27, 2018 | $0.220 | OrdinaryDividend |
Dec 27, 2017 | $0.479 | OrdinaryDividend |
Dec 28, 2016 | $0.110 | OrdinaryDividend |
Dec 30, 2015 | $0.178 | OrdinaryDividend |
Dec 30, 2014 | $0.198 | OrdinaryDividend |
Dec 27, 2013 | $0.261 | OrdinaryDividend |
Dec 27, 2012 | $0.304 | OrdinaryDividend |
Dec 28, 2011 | $0.131 | OrdinaryDividend |
Dec 29, 2010 | $0.242 | OrdinaryDividend |
Dec 30, 2009 | $0.072 | OrdinaryDividend |
Dec 30, 2008 | $0.034 | OrdinaryDividend |
Dec 28, 2007 | $0.119 | OrdinaryDividend |
Dec 28, 2006 | $0.286 | OrdinaryDividend |
Dec 29, 2005 | $0.183 | OrdinaryDividend |
PARMX - Fund Manager Analysis
Managers
Matthew Gershuny
Start Date
Tenure
Tenure Rank
Oct 01, 2008
13.67
13.7%
Matthew Gershuny is the Director of Research and lead Portfolio Manager of the Parnassus Mid Cap Fund. Mr. Gershuny has responsibility for portfolio management for the firm’s Mid Cap strategy and oversees the day-to-day fundamental and ESG research effort. He joined Parnassus Investments in 2006 after serving as a Parnassus research intern. Before joining the firm, Mr. Gershuny was a Vice President of Equity Research at Cowen and Company (formerly SG Cowen Securities Corporation). Prior to that, he held various equity research and asset management positions at UBS Securities. Mr. Gershuny received his bachelor's degree in philosophy from Cornell University and his master’s degree in business administration from the University of Michigan.
Lori Keith
Start Date
Tenure
Tenure Rank
Oct 01, 2008
13.67
13.7%
Lori Keith is Portfolio Manager of the Parnassus Mid Cap Fund with responsibility for portfolio management for the firm’s Mid Cap strategy. She joined Parnassus Investments in 2005 after serving as a Parnassus research intern. Before joining the firm, Ms. Keith was a Vice President of Investment Banking at Deloitte & Touche Corporate Finance LLC and was a Senior Associate in Robertson Stephens & Company's investment banking division. Prior to that, she worked in the management consulting practice at Ernst & Young. Ms. Keith received her bachelor's degree in economics from the University of California, Los Angeles and her master's degree in business administration from Harvard Business School.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.24 | 5.78 |