Parnassus Mid Cap Fund Institutional Shares (PFPMX)
| Fund Assets | 2.50B |
| Expense Ratio | 0.75% |
| Min. Investment | $100,000 |
| Turnover | 43.55% |
| Dividend (ttm) | 4.01 |
| Dividend Yield | 9.91% |
| Dividend Growth | 5.34% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 39.94 |
| YTD Return | 4.91% |
| 1-Year Return | 13.53% |
| 5-Year Return | 32.34% |
| 52-Week Low | 29.44 |
| 52-Week High | 40.95 |
| Beta (5Y) | n/a |
| Holdings | 43 |
| Inception Date | Apr 30, 2015 |
About PFPMX
Parnassus Mid Cap Fund Institutional Shares is a mutual fund focused on the U.S. mid-cap equity segment. Its primary objective is capital appreciation by investing at least 80% of net assets in mid-sized companies, which the fund defines based on market capitalization criteria set by its managers. The portfolio typically comprises 35 to 45 high-quality stocks, emphasizing fundamentals and long-term growth prospects. The fund is managed with a high-conviction approach, incorporating robust environmental, social, and governance (ESG) analysis. While the fund has historically used exclusionary screens to avoid certain industries, its process now focuses on comprehensive ESG evaluation to assess reputational and material risks, granting portfolio managers discretion to consider a wider universe as long as risks are not central to a company's business model. The fund is designed for institutional investors and maintains a minimum initial investment requirement, with an expense ratio that is competitive for its category. Parnassus Mid Cap Fund Institutional Shares plays an important role in providing access to leaders and innovators within the U.S. mid-cap sector, with risk and return characteristics distinct from both large-cap and small-cap equities.
Performance
PFPMX had a total return of 13.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.30%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| PARMX | Investor Shares | 0.95% |
Top 10 Holdings
35.65% of assets| Name | Symbol | Weight |
|---|---|---|
| The Bank of New York Mellon Corporation | BK | 4.58% |
| Lam Research Corporation | LRCX | 4.53% |
| KLA Corporation | KLAC | 4.29% |
| CBRE Group, Inc. | CBRE | 4.14% |
| Cboe Global Markets, Inc. | CBOE | 3.25% |
| TransUnion | TRU | 3.13% |
| Brookfield Renewable Corporation | BEPC | 3.10% |
| Ferguson Enterprises Inc. | FERG | 3.06% |
| Hubbell Incorporated | HUBB | 2.84% |
| Synopsys, Inc. | SNPS | 2.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $0.953 | Dec 19, 2025 |
| Dec 5, 2025 | $3.0531 | Dec 8, 2025 |
| Dec 20, 2024 | $1.9488 | Dec 20, 2024 |
| Dec 6, 2024 | $1.8541 | Dec 6, 2024 |
| Dec 20, 2023 | $0.2064 | Dec 20, 2023 |
| Nov 16, 2023 | $0.7164 | Nov 16, 2023 |