Parnassus Mid Cap Fund
Fund
PARMX
Price as of:
$40.48
- $0.16
- 0.39%
Primary Theme
fund company
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.6%
1 yr return
18.5%
3 Yr Avg Return
13.9%
5 Yr Avg Return
4.7%
Net Assets
$2.43 B
Holdings in Top 10
35.7%
52 WEEK LOW AND HIGH
$40.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
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 06/01/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PARMX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return 13.9%
- 5 Yr Annualized Total Return 4.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.08%
- Dividend Yield 0.2%
- 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
The Parnassus Mid Cap Fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in mid-sized companies. The Fund considers a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap® Index (which was between $2.4 billion and $51.8 billion as of April 30, 2024) measured at the time of purchase. The Russell Midcap® Index includes approximately 800 of the smallest companies in the Russell 1000® Index. The Fund will not automatically sell or cease to purchase stock of a company it already owns just because the company’s market capitalization grows or falls outside the ranges of the Russell Midcap® Index, which are subject to change. The Fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies. The portfolio managers focus on seeking downside protection. The Fund invests mainly in domestic stocks of companies that are financially sound and have good prospects for the future, and may invest up to 20% of its assets in foreign securities of similar companies. The Fund may purchase foreign securities directly on foreign markets.
Using a value-oriented investment process, the Fund seeks to invest in equity securities that have the potential for long-term capital appreciation. To determine a company’s prospects, the Fund’s investment adviser, Parnassus Investments, LLC (the “Adviser”) reviews the company’s income statement, cash flow statement and balance sheet, and analyzes the company’s sustainable strategic advantage and management team. Upon initial investment, a company’s stock must be trading below its intrinsic value, which means that the Adviser seeks to purchase stock trading at a discount to the Adviser’s assessment of the company’s estimated value. As part of the Adviser’s investment approach, the Adviser seeks to invest in companies with sustainable business practices, in alignment with our investment philosophy, as we believe these factors are relevant to our assessment of quality and the risk-return profiles of companies in the Funds. The Fund will evaluate whether it will continue to hold or sell a security if the Adviser believes a company’s fundamentals will deteriorate, if it believes a company’s stock has little potential for appreciation or if the company no longer meets the Adviser’s sustainable investment expectations and the Adviser does not believe it is an appropriate investment for the Fund following such changes.
PARMX - Performance
Return Ranking - Trailing
| Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -22.2% | 42.3% | 84.29% |
| 1 Yr | 18.5% | -15.2% | 81.7% | 69.79% |
| 3 Yr | 13.9%* | 4.2% | 36.0% | 70.69% |
| 5 Yr | 4.7%* | -5.2% | 17.7% | 84.88% |
| 10 Yr | 8.7%* | 5.2% | 17.0% | 78.99% |
* Annualized
Return Ranking - Calendar
| Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 2.4% | -30.5% | 23.6% | 36.86% |
| 2024 | 0.4% | -9.8% | 27.4% | 90.94% |
| 2023 | 9.9% | -12.9% | 28.8% | 72.64% |
| 2022 | -25.0% | -52.6% | 3.0% | 83.44% |
| 2021 | 10.8% | -43.8% | 32.4% | 52.32% |
Total Return Ranking - Trailing
| Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -22.2% | 42.3% | 84.29% |
| 1 Yr | 18.5% | -15.2% | 81.7% | 69.79% |
| 3 Yr | 13.9%* | 4.2% | 36.0% | 70.69% |
| 5 Yr | 4.7%* | -5.2% | 17.7% | 84.88% |
| 10 Yr | 8.7%* | 5.2% | 17.0% | 78.99% |
* Annualized
Total Return Ranking - Calendar
| Period | PARMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 12.8% | -5.5% | 30.3% | 11.78% |
| 2024 | 10.0% | -7.0% | 34.8% | 83.38% |
| 2023 | 12.7% | 1.8% | 31.3% | 75.68% |
| 2022 | -21.4% | -45.7% | 4.4% | 87.12% |
| 2021 | 16.4% | -30.2% | 52.8% | 87.31% |
NAV & Total Return History
PARMX - Holdings
Concentration Analysis
| PARMX | Category Low | Category High | PARMX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.43 B | 728 K | 214 B | 22.36% |
| Number of Holdings | 42 | 1 | 2748 | 81.87% |
| Net Assets in Top 10 | 871 M | 1.42 M | 17.9 B | 10.57% |
| Weighting of Top 10 | 35.67% | 4.7% | 100.0% | 25.15% |
Top 10 Holdings
- BANK OF NEW YORK MELLON CORP 0.00000000 4.59%
- LAM RESEARCH CORP 0.00000000 4.53%
- KLA CORP 0.00000000 4.30%
- CBRE GROUP INC - A 0.00000000 4.15%
- CBOE GLOBAL MARKETS INC 0.00000000 3.25%
- TRANSUNION 0.00000000 3.14%
- BROOKFIELD RENEWABLE CORP 0.00000000 3.10%
- FERGUSON ENTERPRISES INC 0.00000000 3.06%
- HUBBELL INC 0.00000000 2.84%
- SYNOPSYS INC 0.00000000 2.73%
Asset Allocation
| Weighting | Return Low | Return High | PARMX % Rank | |
|---|---|---|---|---|
| Stocks | 97.82% | 5.44% | 100.09% | 71.60% |
| Other | 1.49% | -0.37% | 16.45% | 8.16% |
| Cash | 0.69% | 0.00% | 20.13% | 73.41% |
| Preferred Stocks | 0.00% | 0.00% | 5.95% | 85.20% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 86.10% |
| Bonds | 0.00% | 0.00% | 72.34% | 85.80% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PARMX % Rank | |
|---|---|---|---|---|
| Technology | 20.27% | 0.00% | 40.65% | 16.36% |
| Industrials | 18.69% | 0.00% | 45.89% | 22.73% |
| Consumer Cyclical | 12.90% | 2.49% | 46.48% | 52.12% |
| Real Estate | 10.68% | 0.00% | 25.82% | 10.91% |
| Healthcare | 10.55% | 0.00% | 24.06% | 43.33% |
| Financial Services | 9.65% | 0.00% | 31.51% | 90.91% |
| Consumer Defense | 6.65% | 0.00% | 32.18% | 16.67% |
| Basic Materials | 5.90% | 0.00% | 16.35% | 46.67% |
| Utilities | 2.57% | 0.00% | 18.97% | 70.61% |
| Communication Services | 2.14% | 0.00% | 30.98% | 56.97% |
| Energy | 0.00% | 0.00% | 34.66% | 97.27% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PARMX % Rank | |
|---|---|---|---|---|
| US | 97.82% | 5.44% | 100.09% | 62.84% |
| Non US | 0.00% | 0.00% | 16.83% | 88.22% |
PARMX - Expenses
Operational Fees
| PARMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.02% | 6.24% | 51.83% |
| Management Fee | 0.71% | 0.00% | 1.50% | 56.06% |
| 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% | 40.14% |
PARMX - Distributions
Dividend Yield Analysis
| PARMX | Category Low | Category High | PARMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.22% | 0.00% | 29.78% | 75.53% |
Dividend Distribution Analysis
| PARMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| PARMX | Category Low | Category High | PARMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.08% | -2.06% | 3.38% | 75.76% |
Capital Gain Distribution Analysis
| PARMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2025 | $0.088 | OrdinaryDividend |
| Dec 19, 2025 | $0.785 | CapitalGainShortTerm |
| Dec 05, 2025 | $3.053 | CapitalGainLongTerm |
| Dec 20, 2024 | $0.077 | OrdinaryDividend |
| Dec 20, 2024 | $1.780 | CapitalGainShortTerm |
| Dec 20, 2024 | $1.857 | OrdinaryDividend |
| Dec 06, 2024 | $1.854 | CapitalGainLongTerm |
| Dec 20, 2023 | $0.136 | OrdinaryDividend |
| Nov 16, 2023 | $0.716 | CapitalGainLongTerm |
| Dec 21, 2022 | $0.085 | OrdinaryDividend |
| Nov 17, 2022 | $1.574 | CapitalGainLongTerm |
| Dec 22, 2021 | $0.012 | OrdinaryDividend |
| Nov 18, 2021 | $2.191 | CapitalGainLongTerm |
| Dec 17, 2020 | $0.079 | OrdinaryDividend |
| Nov 19, 2020 | $0.067 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.180 | OrdinaryDividend |
| Nov 21, 2019 | $1.298 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.220 | OrdinaryDividend |
| Nov 20, 2018 | $0.905 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.479 | OrdinaryDividend |
| Nov 21, 2017 | $0.866 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.110 | OrdinaryDividend |
| Nov 22, 2016 | $0.688 | CapitalGainLongTerm |
| Dec 30, 2015 | $0.178 | OrdinaryDividend |
| Nov 24, 2015 | $1.462 | CapitalGainLongTerm |
| Dec 30, 2014 | $0.198 | OrdinaryDividend |
| Nov 25, 2014 | $0.323 | CapitalGainLongTerm |
| Dec 27, 2013 | $0.261 | OrdinaryDividend |
| Nov 22, 2013 | $0.618 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.304 | OrdinaryDividend |
| Nov 16, 2012 | $0.383 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.131 | OrdinaryDividend |
| Nov 18, 2011 | $1.001 | CapitalGainLongTerm |
| Dec 29, 2010 | $0.242 | OrdinaryDividend |
| Nov 19, 2010 | $0.784 | CapitalGainLongTerm |
| Dec 30, 2009 | $0.072 | OrdinaryDividend |
| Dec 30, 2008 | $0.034 | OrdinaryDividend |
| Nov 21, 2008 | $0.212 | CapitalGainLongTerm |
| Dec 28, 2007 | $0.119 | OrdinaryDividend |
| Nov 16, 2007 | $0.171 | CapitalGainLongTerm |
| Dec 28, 2006 | $0.286 | OrdinaryDividend |
| Nov 17, 2006 | $0.070 | CapitalGainLongTerm |
| 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 | 32.69 | 7.46 | 5.78 |