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Parnassus Mid Cap Growth Fund Investor Shares: (MF: PARNX)
(NASDAQ Mutual Funds) As of May 3, 2024 08:00 PM ET
$56.63 USD
+0.45 (0.80%)
Zacks MF Rank
2-Buy of 5 2
Fund Description
The fund was incepted in December 1984 and is managed by Parnassus Investments. The fund seeks long-term growth of capital. The fund uses a contrarian investment strategy, investing in stocks that are out of favor with the financial community and are, therefore, undervalued. The fund invests 15% of its total assets in foreign securities and up to 5% in warrants. The fund invests 5% of its total assets in community-development loan fund, such as those that provide financing for small business and for low and moderate-income housing. The fund distributes its dividends and capital gains, if any, annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Parnassus Mid Cap Growth Investor | PARNX | NA | NA | 0.00 | 0.00 | 0.62 | 0.80 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Parnassus Fund | PARNX | 56.63 | 5/2/1985 | 0.00 | 28.61 | 1.76 | 9.04 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Parnassus Mid Cap Growth Investor | PARNX | 2000 | 50 | 500 | A |
Contact Information
| Family | Parnassus |
| Address | One Mkt-Steuart Twr #1600 San Francisco, CA 94105 |
| Phone | 800 999-3505 |