About 20 months after transitioning this fund to a mid-cap growth strategy from an all-cap strategy, Parnassus promoted Ian Sexsmith to lead manager Jan. 1, 2022. This step doesn’t alter the strategy’s Morningstar Analyst Ratings of Bronze for both share classes.
Will PARNX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PARNX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PARNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PARNX’s parent organization’s priorities and whether they’re in line with investors’ interests.