Advertisement
Skip to Content
Morningstar

Parnassus Mid Cap Institutional PFPMX Fund Analysis

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

Morningstar’s Analysis PFPMX

Will PFPMX 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 PFPMX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PFPMX 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 PFPMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Parnassus Updates ESG Exclusions; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

Parnassus announced that the firm removed its long-held nuclear power exclusion for firm holdings as of May 1, 2023. To support the transition to a low-carbon economy, the firm felt it necessary to remove its nuclear power exclusion. It will still emphasize reputational and material ESG risk assessments of its potential investments. This expands the firm's universe by roughly 20 companies, mainly utilities. There are no other changes to the firm's investment approach, and we do not expect this change to materially impact the portfolio characteristics or holdings. It does not change Parnassus funds' Morningstar Medalist Ratings.

by Stephen Welch
Published on

Unlock our full analysis with Morningstar Investor