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Trending ETFs

Name

As of 06/17/2024

Price

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

Parnassus Mid Cap Fund

PARMX | Fund

$37.96

$5.4 B

0.36%

$0.14

0.98%

Vitals

YTD Return

1.9%

1 yr return

11.7%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

5.1%

Net Assets

$5.4 B

Holdings in Top 10

29.8%

52 WEEK LOW AND HIGH

$37.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

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 06/17/2024

Price

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

Parnassus Mid Cap Fund

PARMX | Fund

$37.96

$5.4 B

0.36%

$0.14

0.98%

PARMX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Parnassus Mid Cap Fund
  • Fund Family Name
    Parnassus Funds
  • Inception Date
    Apr 29, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew 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 $47.0 billion as of April 28, 2023) 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.
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PARMX - Performance

Return Ranking - Trailing

Period PARMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -9.3% 18.8% 85.87%
1 Yr 11.7% -12.5% 38.0% 70.64%
3 Yr -0.4%* -20.7% 17.9% 93.54%
5 Yr 5.1%* -1.7% 22.1% 95.03%
10 Yr 7.3%* 1.5% 12.0% 58.60%

* Annualized

Return Ranking - Calendar

Period PARMX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -12.9% 28.8% 74.09%
2022 -25.0% -52.6% 20.1% 82.87%
2021 10.8% -43.8% 32.4% 51.29%
2020 14.5% -10.6% 82.1% 20.90%
2019 23.5% -8.5% 37.5% 50.32%

Total Return Ranking - Trailing

Period PARMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -9.3% 18.8% 85.87%
1 Yr 11.7% -12.5% 38.0% 70.64%
3 Yr -0.4%* -20.7% 17.9% 93.54%
5 Yr 5.1%* -1.7% 22.1% 95.03%
10 Yr 7.3%* 1.5% 12.0% 58.60%

* Annualized

Total Return Ranking - Calendar

Period PARMX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% 1.2% 31.3% 74.93%
2022 -21.4% -45.7% 21.1% 87.64%
2021 16.4% -30.2% 52.8% 87.39%
2020 14.9% -8.4% 84.3% 36.72%
2019 28.8% 1.0% 43.4% 38.92%

NAV & Total Return History


PARMX - Holdings

Concentration Analysis

PARMX Category Low Category High PARMX % Rank
Net Assets 5.4 B 728 K 160 B 6.09%
Number of Holdings 48 1 2667 76.45%
Net Assets in Top 10 1.1 B 224 K 12.8 B 7.48%
Weighting of Top 10 29.83% 4.3% 100.0% 33.06%

Top 10 Holdings

  1. Fidelity National Information Services 3.69%
  2. Cboe Global Markets Inc. 3.33%
  3. Roper Technologies Inc. 3.21%
  4. TransUnion 3.02%
  5. Hologic Inc. 3.00%
  6. The Sherwin-Williams Co. 2.75%
  7. Old Dominion Freight Line Inc. 2.75%
  8. Republic Services Inc. 2.75%
  9. IQVIA Holdings Inc. 2.69%
  10. Guidewire Software Inc. 2.65%

Asset Allocation

Weighting Return Low Return High PARMX % Rank
Stocks
98.98% 14.60% 108.70% 35.46%
Cash
1.02% 0.00% 27.80% 68.14%
Preferred Stocks
0.00% 0.00% 13.94% 59.56%
Other
0.00% -0.06% 23.02% 69.81%
Convertible Bonds
0.00% 0.00% 1.78% 59.83%
Bonds
0.00% 0.00% 62.14% 63.43%

Stock Sector Breakdown

Weighting Return Low Return High PARMX % Rank
Technology
20.27% 0.00% 40.65% 16.67%
Industrials
18.69% 0.00% 45.89% 23.89%
Consumer Cyclical
12.90% 2.49% 46.48% 51.67%
Real Estate
10.68% 0.00% 25.82% 9.72%
Healthcare
10.55% 0.00% 24.06% 44.72%
Financial Services
9.65% 0.00% 46.10% 90.83%
Consumer Defense
6.65% 0.00% 32.18% 15.83%
Basic Materials
5.90% 0.00% 16.35% 45.83%
Utilities
2.57% 0.00% 18.97% 70.56%
Communication Services
2.14% 0.00% 30.98% 58.06%
Energy
0.00% 0.00% 58.13% 94.44%

Stock Geographic Breakdown

Weighting Return Low Return High PARMX % Rank
US
98.98% 14.60% 108.70% 33.24%
Non US
0.00% 0.00% 10.11% 62.88%

PARMX - Expenses

Operational Fees

PARMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.03% 19.40% 50.28%
Management Fee 0.71% 0.00% 1.50% 52.92%
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% 40.37%

PARMX - Distributions

Dividend Yield Analysis

PARMX Category Low Category High PARMX % Rank
Dividend Yield 0.36% 0.00% 29.78% 74.24%

Dividend Distribution Analysis

PARMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

PARMX Category Low Category High PARMX % Rank
Net Income Ratio -0.08% -2.06% 3.38% 73.82%

Capital Gain Distribution Analysis

PARMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

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 7.26 5.78