Parnassus Value Equity Fund Institutional Shares (PFPWX)

Overview

The company specializes in financial investments, focusing primarily on mid-sized companies. It operates a fund that aims to allocate at least 80% of its net assets into these companies, which it defines based on market capitalization criteria relative to the Russell Midcap® Index. This index comprises approximately 800 entities that are considered to be the smallest within the larger Russell 1000® Index, essentially positioning the fund’s interests in a specific segment of the market that straddles between small and large enterprises. In addition to its primary focus, the fund maintains flexibility to invest up to 20% of its assets in companies outside its main target size range, allowing for a diversified investment portfolio that includes smaller and larger corporations alongside its core mid-sized company investments.

Products and Services

• Investments in Mid-sized Companies

  This product is the fund’s primary focus, investing a majority of its assets in mid-sized companies that fall within a specific market capitalization range. This range is delineated by the smallest and largest constituents of the Russell Midcap® Index at the time of purchase, targeting a unique segment of the market that offers certain growth potentials and risk profiles characteristic of mid-sized entities.

• Flexible Portfolio Diversification

  Apart from its main investment strategy, the fund provides an option to diversify portfolios by investing up to 20% in companies outside the primary market cap focus. This includes smaller and larger-capitalization companies, expanding the investment opportunities available to fund participants and potentially mitigating risks through a broader diversification across different market segments.