PFPMX – Fund Analysis – Parnassus Mid Cap Institutional | Morningstar

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFPMX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the PFPMX 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 PFPMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Change amid challenges.

Senior Analyst Stephen Welch

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.

by Stephen Welch

Rated on Sep 17, 2026 Published on Sep 17, 2026

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