PARMX – Parnassus Mid-Cap Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PARMX	Parnassus Mid Cap Fund	No Load	Open			Apr 29, 2005	$992.54M	0.950%	Average	$2,000	−$215.87M
PFPMX	Parnassus Mid Cap Fund Institutional Shares	Institutional	Open			Apr 30, 2015	$1.18B	0.750%	Below Average	$100,000	−$295.11M

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