Parnassus Mid Cap Growth Fund Institutional Shares (PFPRX)

Overview

The fund is focused on investing primarily in mid-sized growth companies, dedicating at least 80% of its net assets, along with any borrowings intended for investment purposes, to such enterprises. It emphasizes a flexible approach towards investing in companies with varying market capitalizations, without strictly adhering to the fluctuations or boundaries defined by the Russell Midcap® Growth Index. This index serves as a general guideline for the fund's investment strategy but does not rigidly limit the fund's selections or investment decisions. As a result, the fund retains the discretion to continue holding or investing in companies even if their market capitalization moves beyond the designated range, reflecting a broader investment strategy that accommodates growth and market changes.

Products and Services

• Investments in Mid-Sized Growth Companies:

  The core of the fund's portfolio comprises investments in mid-sized companies that demonstrate potential for growth. This strategy leverages the dynamic nature of mid-sized firms and their potential for significant returns. The focus is on companies that are already part of the fund's assets, with a commitment to not automatically divesting from them should they grow beyond or drop below the Russell Midcap® Growth Index's market capitalization ranges.

• Flexibility with Market Capitalizations:

  Apart from its primary focus on mid-sized companies, the fund maintains flexibility to invest up to 20% of its net assets in companies of smaller or larger capitalization. This strategic flexibility allows the fund to capitalize on opportunities across the market spectrum and not limit itself strictly to mid-sized companies, enhancing the potential for diversified growth and investment resilience.