Parnassus Mid Cap Fund Institutional Shares (PFPMX)

Fund Assets	2.38B
Expense Ratio	0.75%
Min. Investment	$100,000
Turnover	52.63%
Dividend (ttm)	0.17
Dividend Yield	0.40%
Dividend Growth	-0.65%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	41.44
YTD Return	7.55%
1-Year Return	12.08%
5-Year Return	22.56%
52-Week Low	36.66
52-Week High	43.18
Beta (5Y)	0.96
Holdings	41
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.

• Fund Family: Parnassus
• Category: Mid-Cap Blend
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PFPMX
• Share Class: Institutional Shares
• Index: Russell MidCap TR

Performance

PFPMX had a total return of 12.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.53%.

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

33.57% of assets

Name	Symbol	Weight
The Bank of New York Mellon Corporation	BNY	4.78%
Cboe Global Markets, Inc.	CBOE	3.73%
Xylem Inc.	XYL	3.34%
US Foods Holding Corp.	USFD	3.25%
The Williams Companies, Inc.	WMB	3.14%
Ferguson Enterprises Inc.	FERG	3.14%
KLA Corporation	KLAC	3.07%
CMS Energy Corporation	CMS	3.07%
NXP Semiconductors N.V.	NXPI	3.03%
Ingersoll Rand Inc.	IR	3.02%

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

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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