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.
Parnassus Mid Cap Growth Investor PARNX
NAV / 1-Day Return
56.00
/
0.37
%
Total Assets
976.4 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.830%
Expense Ratio
0.830%
Fee Level
Below Average
Longest Manager Tenure
8.72
years
Category
Mid-Cap Growth
Investment Style
Mid GrowthMin. Initial Investment
2,000
Status
Open
TTM Yield
1.41%
Turnover
82%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PARNX 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 PARNX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of PARNX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Lead Manager Named on Parnassus Mid Cap Growth; Ratings Unchanged
