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Parnassus Mid-Cap PARMX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Parnassus Investment Hub

Morningstar’s Analysis PARMX

Will PARMX outperform in 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.

This strategy's risk-consciousness has been hard to discern lately.

Senior Analyst Stephen Welch

Stephen Welch

Senior Analyst

Summary

Parnassus Mid Cap is still a solid option that benefits from veteran managers and a sensible approach, but recent execution issues warrant a Process rating downgrade to Above Average from High.

by Stephen Welch
Rated on Published on

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