Morningstar

Parnassus Mid Cap Fund PARMX

Morningstar Medalist Rating
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Medalist Rating as of See Parnassus Investment Hub
  • NAV / 1-Day Return $39.54  /  +0.48 %
  • Fund Size $2.2B
  • Adjusted Expense Ratio 0.950%
  • Net Expense Ratio 0.950%
  • Fee Level: Distribution Average
  • Share Class Type No Load
  • Morningstar Category Mid-Cap Blend
  • Equity Style Box (Funds) Mid Blend
  • Minimum Initial Investment $2,000
  • Investment Status Open
  • TTM Yield 0.21%
  • Turnover Ratio 53%
NAV and 1-Day Return as of

Morningstar’s Analysis PARMX

Will PARMX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PARMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PARMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PARMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Change amid challenges.

Senior Analyst Stephen Welch

Stephen Welch

Senior Analyst

Summary

A difficult stretch of performance has prompted changes at Parnassus Mid Cap, though the strategy’s sensible approach remains intact.

by Stephen Welch
Rated on Published on

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Portfolio Holdings PARMX

More PARMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of New York Mellon Corp

4.96 114M
Financial Services

Guidewire Software Inc

3.82 88M
Technology

Cboe Global Markets Inc

3.63 83M
Financial Services

US Foods Holding Corp

3.41 78M
Consumer Defensive

Williams Companies Inc

3.31 76M
Energy

Synopsys Inc

3.28 75M
Technology

Republic Services Inc

3.17 73M
Industrials

Xylem Inc

3.16 72M
Industrials

Agilent Technologies Inc

3.10 71M
Healthcare

Edwards Lifesciences Corp

3.05 70M
Healthcare

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