The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PARMX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PARMX 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 PARMX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Change amid challenges.
Stephen Welch
Senior Analyst
Summary
A difficult stretch of performance has prompted changes at Parnassus Mid Cap, though the strategy’s sensible approach remains intact.