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Trending ETFs

Name

As of 06/21/2024

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

$58.35

$873 M

0.00%

0.71%

Vitals

YTD Return

4.5%

1 yr return

22.4%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

7.6%

Net Assets

$873 M

Holdings in Top 10

35.3%

52 WEEK LOW AND HIGH

$58.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.71%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.73%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$58.35

$873 M

0.00%

0.71%

PFPRX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Parnassus Mid Cap Growth Fund
  • Fund Family Name
    Parnassus Funds
  • Inception Date
    Apr 30, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ian Sexsmith

Fund Description

The Parnassus Mid Cap Growth Fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in mid-sized growth 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® Growth Index (which was between $2.4 billion and $47.0 billion as of April 28, 2023) measured at the time of purchase. 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® Growth Index, which are subject to change. The Fund may normally invest up to 20% of its net assets in smaller-and larger-capitalization companies. A growth company is a company that the Adviser believes has a superior and pragmatic growth strategy and the potential for above-average revenue and earnings growth. The Fund invests mainly in domestic stocks of companies that are financially sound and have good prospects for the future, and to a lesser extent may also invest in foreign securities of similar companies. The Fund may purchase foreign securities directly on
foreign markets. 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. 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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PFPRX - Performance

Return Ranking - Trailing

Period PFPRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -17.2% 34.6% 52.46%
1 Yr 22.4% -5.7% 59.9% 11.03%
3 Yr -0.9%* -28.5% 57.2% 43.75%
5 Yr 7.6%* -3.4% 98.5% 69.29%
10 Yr N/A* -0.5% 24.7% 70.39%

* Annualized

Return Ranking - Calendar

Period PFPRX Return Category Return Low Category Return High Rank in Category (%)
2023 31.6% -27.7% 68.0% 4.75%
2022 -34.2% -85.6% 52.8% 70.55%
2021 4.9% -74.9% 238.3% 31.50%
2020 21.9% -44.1% 2474.5% 64.77%
2019 24.5% -50.2% 44.0% 59.87%

Total Return Ranking - Trailing

Period PFPRX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -17.2% 34.6% 52.46%
1 Yr 22.4% -5.7% 59.9% 11.03%
3 Yr -0.9%* -28.5% 57.2% 43.75%
5 Yr 7.6%* -3.4% 98.5% 69.29%
10 Yr N/A* -0.5% 24.7% 68.97%

* Annualized

Total Return Ranking - Calendar

Period PFPRX Return Category Return Low Category Return High Rank in Category (%)
2023 35.8% -26.1% 68.0% 3.42%
2022 -33.4% -67.0% 56.8% 77.82%
2021 9.5% -23.5% 342.2% 70.67%
2020 28.8% 2.6% 2549.1% 75.56%
2019 30.0% 14.6% 44.8% 80.25%

NAV & Total Return History


PFPRX - Holdings

Concentration Analysis

PFPRX Category Low Category High PFPRX % Rank
Net Assets 873 M 2.73 M 100 B 57.01%
Number of Holdings 49 25 3620 82.58%
Net Assets in Top 10 309 M 449 K 9.69 B 49.43%
Weighting of Top 10 35.26% 4.2% 98.2% 24.05%

Top 10 Holdings

  1. Guidewire Software Inc. 4.42%
  2. CoStar Group Inc. 3.84%
  3. Equifax Inc. 3.66%
  4. Agilent Technologies Inc. 3.58%
  5. Teradyne Inc. 3.55%
  6. Cintas Corp. 3.37%
  7. Morningstar Inc. 3.33%
  8. The Progressive Corp. 3.24%
  9. Ross Stores Inc. 3.20%
  10. Trane Technologies plc 3.07%

Asset Allocation

Weighting Return Low Return High PFPRX % Rank
Stocks
98.98% 58.72% 101.30% 37.88%
Cash
1.09% 0.00% 38.96% 58.90%
Preferred Stocks
0.00% 0.00% 5.36% 78.98%
Other
0.00% 0.00% 14.15% 83.33%
Convertible Bonds
0.00% 0.00% 0.40% 77.46%
Bonds
0.00% -3.09% 3.50% 77.84%

Stock Sector Breakdown

Weighting Return Low Return High PFPRX % Rank
Technology
33.25% 0.04% 62.17% 39.77%
Healthcare
17.41% 0.00% 37.06% 53.79%
Industrials
13.51% 0.00% 38.23% 60.23%
Consumer Cyclical
13.45% 0.00% 57.41% 57.39%
Financial Services
11.94% 0.00% 43.01% 22.73%
Communication Services
4.91% 0.00% 18.33% 17.99%
Real Estate
3.11% 0.00% 19.28% 40.34%
Basic Materials
2.42% 0.00% 17.25% 45.27%
Utilities
0.00% 0.00% 12.94% 83.90%
Energy
0.00% 0.00% 62.10% 89.58%
Consumer Defense
0.00% 0.00% 16.40% 96.02%

Stock Geographic Breakdown

Weighting Return Low Return High PFPRX % Rank
US
98.98% 46.79% 101.30% 28.79%
Non US
0.00% 0.00% 34.57% 82.95%

PFPRX - Expenses

Operational Fees

PFPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.02% 17.54% 85.23%
Management Fee 0.62% 0.00% 1.50% 24.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

PFPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PFPRX 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.

PFPRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.73% 0.00% 250.31% 36.13%

PFPRX - Distributions

Dividend Yield Analysis

PFPRX Category Low Category High PFPRX % Rank
Dividend Yield 0.00% 0.00% 33.43% 83.52%

Dividend Distribution Analysis

PFPRX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

PFPRX Category Low Category High PFPRX % Rank
Net Income Ratio -0.40% -2.24% 2.75% 31.92%

Capital Gain Distribution Analysis

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

Distributions History

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PFPRX - Fund Manager Analysis

Managers

Ian Sexsmith


Start Date

Tenure

Tenure Rank

May 01, 2013

9.09

9.1%

Ian Sexsmith is a Portfolio Manager since 2013 and a Senior Research Analyst since 2011. He joined Parnassus Investments in 2011 and was previously a Parnassus research intern. Prior to joining the firm, his work experience includes Investment Banking, Merger Arbitrage and Investment Management in Toronto for Scotia Capital and for TD Asset Management from 2010 to 2011. Mr. Sexsmith received his bachelor of commerce degree from the University of Manitoba, Canada and his master’s degree in business administration from the University of California, Berekely. He is a CFA charter holder and a member of the CFA Society of San Francisco.

Robert Klaber


Start Date

Tenure

Tenure Rank

May 01, 2016

6.08

6.1%

Robert J. Klaber has served as portfolio manager for Parnassus Investments since 2016. He is also a Senior Research Analyst at Parnassus Investments, where he has worked since 2012. Prior to his tenure with Parnassus, Mr. Klaber was a student at Harvard Business School, from which he received an MBA in 2012.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.4 11.76