Parnassus Mid Cap Fund (PARMX)
The fund normally invests at least 80% of its net assets in mid-sized companies. The fund's managers consider a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap Index measured at the time of purchase. The Russell Midcap Index includes approximately 800 of the smallest companies in the Russell 1000 Index. The fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies.
Fund Info
| ISIN | US7017658854 |
|---|---|
| CUSIP | 701765885 |
| Issuer | Parnassus |
| Inception Date | Apr 29, 2005 |
| Category | Mid Cap Blend Equities |
| Min. Investment | $2,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
PARMX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PARMX vs. SCHM, PARMX vs. XMHQ, PARMX vs. NOSIX, PARMX vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parnassus Mid Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Parnassus Mid Cap Fund had a return of 4.54% year-to-date (YTD) and 18.26% in the last 12 months. Over the past 10 years, Parnassus Mid Cap Fund had an annualized return of 7.90%, while the S&P 500 had an annualized return of 10.90%, indicating that Parnassus Mid Cap Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.54% | 11.05% |
| 1 month | 2.37% | 4.86% |
| 6 months | 14.28% | 17.50% |
| 1 year | 18.26% | 27.37% |
| 5 years (annualized) | 6.42% | 13.14% |
| 10 years (annualized) | 7.90% | 10.90% |
Monthly Returns
The table below presents the monthly returns of PARMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.30% | 5.76% | 2.75% | -7.21% | 4.54% | ||||||||
| 2023 | 6.76% | -4.01% | -1.96% | -0.09% | -3.06% | 7.37% | 2.32% | -1.68% | -5.64% | -4.26% | 11.93% | 6.00% | 12.66% |
| 2022 | -9.27% | -3.71% | 2.03% | -5.96% | -0.18% | -6.00% | 8.66% | -5.36% | -10.75% | 7.11% | 6.32% | -4.40% | -21.41% |
| 2021 | -2.62% | 1.61% | 4.26% | 6.09% | -1.75% | 1.57% | 2.02% | 1.03% | -4.99% | 4.42% | -1.16% | 5.42% | 16.38% |
| 2020 | -0.79% | -7.72% | -16.52% | 10.21% | 7.20% | 1.49% | 6.65% | 2.76% | -0.89% | -0.82% | 10.60% | 5.23% | 14.88% |
| 2019 | 7.73% | 5.53% | 2.07% | 2.54% | -4.22% | 6.87% | 1.65% | -0.25% | 0.81% | -1.14% | 2.64% | 1.91% | 28.74% |
| 2018 | 2.00% | -3.24% | -0.54% | 0.10% | 0.51% | 2.81% | 2.92% | 0.72% | -0.12% | -6.17% | 3.76% | -8.80% | -6.67% |
| 2017 | 2.15% | 2.14% | 0.96% | 1.09% | 0.52% | 1.55% | 0.89% | -0.66% | 2.13% | 0.93% | 3.44% | -0.31% | 15.80% |
| 2016 | -4.81% | 2.26% | 6.19% | 0.72% | 4.28% | -0.07% | 3.39% | 1.22% | 0.03% | -3.41% | 4.50% | 1.25% | 16.07% |
| 2015 | -2.63% | 5.28% | -0.68% | -1.15% | 0.07% | -1.30% | 0.55% | -3.40% | -2.27% | 6.46% | 1.25% | -2.56% | -0.87% |
| 2014 | -3.63% | 3.56% | 0.24% | 2.07% | 2.11% | 2.45% | -2.76% | 2.53% | -2.28% | 3.52% | 2.30% | 0.93% | 11.23% |
| 2013 | 5.82% | 0.19% | 3.58% | 0.09% | 2.33% | -1.32% | 5.16% | -2.58% | 4.69% | 3.15% | 0.79% | 3.65% | 28.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PARMX is 46, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PARMX (Parnassus Mid Cap Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parnassus Mid Cap Fund (PARMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Parnassus Mid Cap Fund granted a 2.19% dividend yield in the last twelve months. The annual payout for that period amounted to $0.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.85 | $0.85 | $1.66 | $2.20 | $0.15 | $1.48 | $1.12 | $1.34 | $0.80 | $1.64 | $0.52 | $0.88 |
Dividend yield | 2.19% | 2.29% | 4.90% | 4.88% | 0.36% | 4.15% | 3.90% | 4.19% | 2.76% | 6.42% | 1.90% | 3.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Parnassus Mid Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.14 | $0.85 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.57 | $0.09 | $1.66 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.19 | $0.01 | $2.20 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.08 | $0.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $0.18 | $1.48 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.22 | $1.12 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.48 | $1.34 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.11 | $0.80 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.46 | $0.18 | $1.64 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.20 | $0.52 |
| 2013 | $0.62 | $0.26 | $0.88 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Parnassus Mid Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Parnassus Mid Cap Fund was 49.88%, occurring on Mar 9, 2009. Recovery took 440 trading sessions.
The current Parnassus Mid Cap Fund drawdown is 7.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.88% | Oct 15, 2007 | 351 | Mar 9, 2009 | 440 | Dec 3, 2010 | 791 |
| -37.39% | Feb 18, 2020 | 25 | Mar 23, 2020 | 140 | Oct 9, 2020 | 165 |
| -29.27% | Jan 3, 2022 | 198 | Oct 14, 2022 | — | — | — |
| -23.37% | May 2, 2011 | 108 | Oct 3, 2011 | 111 | Mar 13, 2012 | 219 |
| -17.45% | Sep 24, 2018 | 64 | Dec 24, 2018 | 45 | Mar 1, 2019 | 109 |
Volatility
Volatility Chart
The current Parnassus Mid Cap Fund volatility is 3.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.