Parnassus Mid Cap Growth Fund (PARNX)
The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in mid-sized growth companies. The fund will not automatically sell or cease to purchase stock of a company it already owns just because the company's market capitalization grows or falls outside the ranges of the Russell Midcap Growth Index, which are subject to change. The fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies.
Fund Info
ISIN | US7017651099 |
---|---|
CUSIP | 701765109 |
Issuer | Parnassus |
Inception Date | Dec 27, 1984 |
Category | Mid Cap Growth Equities |
Min. Investment | $2,000 |
Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
PARNX has a high expense ratio of 0.80%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PARNX vs. VAFAX, PARNX vs. VGT, PARNX vs. IUSG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Parnassus Mid Cap Growth 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 Growth Fund had a return of 3.87% year-to-date (YTD) and 29.59% in the last 12 months. Over the past 10 years, Parnassus Mid Cap Growth Fund had an annualized return of 8.65%, while the S&P 500 had an annualized return of 10.79%, indicating that Parnassus Mid Cap Growth Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.87% | 9.47% |
1 month | 0.30% | 1.91% |
6 months | 19.12% | 18.36% |
1 year | 29.59% | 26.61% |
5 years (annualized) | 8.19% | 12.90% |
10 years (annualized) | 8.65% | 10.79% |
Monthly Returns
The table below presents the monthly returns of PARNX, 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 | -1.19% | 7.47% | 1.56% | -7.11% | 3.87% | ||||||||
2023 | 12.94% | -1.17% | 1.89% | -3.29% | 0.73% | 7.11% | 3.87% | -1.11% | -3.76% | -4.17% | 12.50% | 7.24% | 35.60% |
2022 | -15.19% | -1.79% | 0.82% | -12.41% | -3.26% | -7.87% | 12.72% | -5.21% | -9.03% | 4.76% | 5.02% | -5.60% | -33.83% |
2021 | -1.87% | 3.35% | -0.51% | 4.98% | -2.75% | 4.47% | 2.54% | 1.02% | -5.83% | 6.43% | -2.91% | 1.25% | 9.85% |
2020 | 0.14% | -6.47% | -14.24% | 11.00% | 9.13% | 3.83% | 7.33% | 1.92% | -1.40% | -0.38% | 12.42% | 5.50% | 28.75% |
2019 | 9.52% | 3.74% | 1.37% | 2.72% | -4.65% | 6.45% | 3.00% | -2.21% | 0.96% | -0.16% | 4.21% | 2.19% | 29.82% |
2018 | 3.58% | -3.80% | -3.08% | -0.41% | -0.37% | 1.82% | 1.91% | 3.52% | 0.85% | -6.61% | 4.31% | -10.81% | -9.80% |
2017 | 2.27% | 2.35% | 0.38% | 0.85% | 0.76% | 2.54% | 0.67% | -2.00% | 2.64% | 0.82% | 3.24% | 0.64% | 16.12% |
2016 | -9.89% | 3.95% | 5.54% | -1.70% | 3.48% | -2.19% | 4.45% | 4.04% | 0.28% | -3.09% | 6.20% | 2.83% | 13.45% |
2015 | -3.31% | 7.61% | -1.22% | 0.02% | 1.72% | -1.25% | 2.05% | -5.23% | -3.14% | 6.73% | 0.25% | -3.16% | 0.24% |
2014 | -2.46% | 5.88% | -0.13% | -1.44% | 3.20% | 3.03% | -3.01% | 5.01% | -3.53% | 2.20% | 4.56% | 1.05% | 14.69% |
2013 | 5.14% | -1.87% | 2.53% | 1.37% | 4.55% | 0.59% | 6.57% | -3.71% | 6.47% | 2.54% | 1.70% | 4.47% | 34.22% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PARNX is 66, 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.
PARNX (Parnassus Mid Cap Growth Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Parnassus Mid Cap Growth Fund (PARNX) 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 Growth Fund granted a 2.75% dividend yield in the last twelve months. The annual payout for that period amounted to $1.59 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.59 | $1.59 | $0.52 | $2.90 | $3.20 | $2.13 | $3.22 | $3.84 | $0.92 | $7.94 | $4.46 | $8.35 |
Dividend yield | 2.75% | 2.86% | 1.23% | 4.48% | 5.20% | 4.21% | 7.94% | 7.96% | 2.04% | 19.63% | 9.27% | 18.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Parnassus Mid Cap Growth 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 | $1.59 | $0.00 | $1.59 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.52 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.96 | $0.93 | $2.90 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.14 | $0.06 | $3.20 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $1.28 | $2.13 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.68 | $0.54 | $3.22 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.39 | $0.45 | $3.84 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.36 | $0.92 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.16 | $1.78 | $7.94 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.84 | $1.62 | $4.46 |
2013 | $6.41 | $1.94 | $8.35 |
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 Growth 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 Growth Fund was 57.11%, occurring on Oct 8, 1998. Recovery took 291 trading sessions.
The current Parnassus Mid Cap Growth Fund drawdown is 11.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-57.11% | Oct 14, 1997 | 249 | Oct 8, 1998 | 291 | Dec 3, 1999 | 540 |
-54.34% | Apr 10, 2000 | 2168 | Nov 20, 2008 | 356 | Apr 23, 2010 | 2524 |
-44.11% | Oct 6, 1987 | 43 | Dec 4, 1987 | 1034 | Jan 7, 1992 | 1077 |
-41.75% | Nov 17, 2021 | 228 | Oct 14, 2022 | — | — | — |
-34.5% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
Volatility
Volatility Chart
The current Parnassus Mid Cap Growth Fund volatility is 4.25%, 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.