Parnassus Mid Cap Fund Institutional Shares (PFPMX)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
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Parnassus Mid Cap Fund Institutional Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CGL Chester Gary Lloyd Coston, McIsaac & Partners | 1,977 | $66,990.32 | $79,910.34 | $12,920.02 | 19.29% |
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Parnassus Mid Cap Fund Institutional Shares Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is primarily focused on investing in mid-sized companies, particularly those that fall within the market capitalization range of the Russell Midcap® Index at the time of purchase. This strategic approach is geared toward leveraging the growth potential of mid-sized companies, which are defined as entities with a market capitalization that sits between the smallest and largest companies included in the Russell Midcap® Index. This index encompasses roughly 800 companies, representing the lower tier of the Russell 1000® Index, thus offering a broad spectrum of investment opportunities within the mid-cap space. The fund is designed to invest at least 80% of its net assets in such companies, highlighting its commitment to the mid-cap sector. Additionally, the fund maintains flexibility in its investment approach by allowing up to 20% of its net assets to be allocated toward smaller- and larger-capitalization companies, thereby diversifying its investment portfolio and managing risk.
Products and Services
- Mid-Cap Equity Investments
The core offering of the fund revolves around investments in mid-sized companies. By targeting entities within the market capitalization range of the Russell Midcap® Index, the fund seeks to capitalize on the growth potential inherent in mid-cap firms. This strategy is predicated on the belief that mid-sized companies offer a unique blend of growth potential and financial stability, positioning them as attractive investment opportunities within the broader market landscape.
- Flexible Investment Allocations
In addition to its primary focus on mid-cap equities, the fund offers flexibility in its investment strategy by allowing for up to 20% of its net assets to be invested in companies outside the mid-sized range. This includes both smaller and larger capitalization companies. Such flexibility not only enables the fund to take advantage of broader market movements and opportunities but also helps in managing risk by diversifying its investment portfolio. This approach reflects the fund's commitment to adapting its strategy in response to changing market conditions and investment outlooks.
