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Parnassus Mid-Cap (PARMX) Fund Ranking and Research

Ranking, Research and Recommendation of Parnassus Mid-Cap (PARMX) Fund

    Last Trade: $30.10 on 3/24/2017, Change: +0.00 (0%)

 

Graph of Parnassus Mid-Cap Fund (PARMX) ManagerFund Manager - Matthew D. Gershuny

Fund Manager Information

Fund Manager Tenure: 8.5 years
Fund Family: Parnassus
Fund Category: Mid-Cap Blend
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A+ (Score: 0.83)     (What does this score mean?)

 

Graph of Parnassus Mid-Cap Fund (PARMX) ProfileParnassus Mid-Cap Fund (PARMX) Profile

Fund Profile and Description

Parnassus Mid-Cap Fund seeks long-term growth of capital. Parnassus Mid-Cap Fund invests at least 80% of net assets (plus borrowings for investment purposes) primarily in the stock of companies with market capitalizations between $3 billion and $20 billion at the time of initial purchase. It invests in stocks that are undervalued and have good prospects for long-term growth and an identifiable catalyst that could move the stock higher in the succeeding 12 months.

 

Parnassus Mid-Cap (PARMX) Fund Strength What we like about Parnassus Mid-Cap (PARMX) Fund

Data for Parnassus Mid-Cap Fund (PARMX) as of May 30, 2016

  • Parnassus Mid-Cap Fund (PARMX) management has been with Parnassus Mid-Cap Fund for 8.5 years
  • Parnassus Mid-Cap Fund (PARMX) has good short-term performance (1-year return 6.83% vs -4.08% Mid-Cap Blend category median performance)
  • Parnassus Mid-Cap Fund (PARMX) has good mid-term performance (3-year return 10.93% vs 8.11% Mid-Cap Blend category median performance)
  • Parnassus Mid-Cap Fund (PARMX) has good Long-term performance (5-year return 10.34% vs 8.53% Mid-Cap Blend category median performance)
  • Parnassus Mid-Cap Fund (PARMX) ratio of up-years vs down years is greater than 2
  • Parnassus Mid-Cap Fund (PARMX) has a Morningstar rating of 4 and above
  • Asset base in Parnassus Mid-Cap Fund (PARMX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Parnassus Mid-Cap Fund (PARMX) has an annual stock turnover rate of 58.01% vs Mid-Cap Blend average of 60.70%. It is good that Parnassus Mid-Cap management does not trade extensively for its return.
  • Parnassus Mid-Cap Fund (PARMX) is less volatile than its peers as it has a 3-year Standard Deviation of 10.46, lower than category average of 12.56
  • Parnassus Mid-Cap Fund (PARMX) has a lower expense ratio than its Mid-Cap Blend average: 0.99% vs 1.15%
  • Parnassus Mid-Cap Fund (PARMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Parnassus Mid-Cap Fund (PARMX) Weakness What we are cautious about Parnassus Mid-Cap (PARMX) Fund

Data for Parnassus Mid-Cap Fund (PARMX) as of May 30, 2016

See Parnassus Mid-Cap Fund (PARMX) performance details as of May 30, 2016

 

What do you think?

 

Compare Parnassus Mid-Cap Fund (PARMX)Compare with other top Mid-Cap Blend category mutual funds

Aadditional top Mid-Cap Blend mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Parnassus Mid-Cap8.556.8310.9310.34
VY JPMorgan Mid Cap Value S2 (IJPMX)5.65-1.1810.0811.52Compare
Thrivent Mid Cap Stock A (AASCX)7.444.8912.209.76Compare
CRM Mid Cap Value Instl (CRIMX)9.240.699.458.33Compare

See top fund managers for Mid-Cap Blend Category Funds

 

Compare Parnassus Mid-Cap Fund (PARMX)Compare with Mid-Cap Blend category ETFs

Some Mid-Cap Blend ETFs for your consideration

ETFYear to DateOne YearThree Year
Direxion All Cap Insider Sentiment ETF (KNOW)3.88%2.77%13.82%
Guggenheim Mid-Cap Core ETF (CZA)6.80%1.17%9.91%
Schwab US Mid-Cap ETF (SCHM)000
iShares Russell Mid-Cap (IWR)000
SPDR S&P MidCap 400 ETF (MDY)000

 

Graph of Parnassus Mid-Cap Fund (PARMX) Net Asset TrackingParnassus Mid-Cap (PARMX) Fund Net Asset

Track net asset change of Parnassus Mid-Cap fund (PARMX)

DateNet Asset
05/2016$759.89M
03/2016$624.55M
02/2016$557.77M
More historic net asset information on Parnassus Mid-Cap Fund (PARMX)

  

Graph of Parnassus Mid-Cap Fund (PARMX) Portfolio TrackingParnassus Mid-Cap (PARMX) Fund Portfolio Allocation

Track portfolio allocation change of Parnassus Mid-Cap fund (PARMX)

DateCashStockBondOther
04/20167.86%92.14%0%0%
03/20166.8%93.2%0%0%
01/20166.54%93.46%0%0%
Click here to see more historic asset allocation information on Parnassus Mid-Cap Fund (PARMX)

 

graph of Parnassus Mid-Cap Fund (PARMX) Top 10 Position TrackingTop 10 Holdings in Parnassus Mid-Cap (PARMX) Fund

Discover what Parnassus Mid-Cap Fund (PARMX) manager is buying

Apr 29, 2016
Pentair plc. Ordinary Share [3.82%]
Insperity, Inc. Common Stock [3.76%]
Xylem Inc. Common Stock New [3.5%]
Iron Mountain Incorporated (Del [3.39%]
National Oilwell Varco, Inc. Co [3.25%]
Patterson Companies, Inc. [3.23%]
First Horizon National Corporat [3.15%]
Autodesk, Inc. [2.97%]
Perrigo Company plc Ordinary Sh [2.93%]
Applied Materials, Inc. [2.84%]

Mar 30, 2016
Xylem Inc. Common Stock New [3.68%]
Patterson Companies, Inc. [3.62%]
Pentair plc. Ordinary Share [3.58%]
Insperity, Inc. Common Stock [3.49%]
Iron Mountain Incorporated (Del [3.38%]
Perrigo Company plc Ordinary Sh [3.29%]
Applied Materials, Inc. [3.16%]
First Horizon National Corporat [2.98%]
Autodesk, Inc. [2.98%]
Cardinal Health, Inc. Common St [2.96%]

Jan 30, 2016
Xylem Inc. Common Stock New [3.54%]
Fiserv, Inc. [3.46%]
Questar Corporation [3.38%]
First Horizon National Corporat [3.34%]
Patterson Companies, Inc. [3.34%]
Sysco Corporation Common Stock [3.17%]
Pentair plc. Ordinary Share [3.14%]
Applied Materials, Inc. [3.14%]
THOMSON REUTERS CORPORATION [3.13%]
Iron Mountain Incorporated (Del [3.12%]
Click here for Stock Holding Change Map in Parnassus Mid-Cap Fund (PARMX)

  

Latest News on Parnassus Mid-Cap (PARMX) Fund

See what is happening with Parnassus Mid-Cap Fund (PARMX)

 

Parnassus Mid-Cap Fund (PARMX) Related ResourcesSee more information on Parnassus Mid-Cap (PARMX) Fund

Popular pages on Parnassus Mid-Cap (PARMX) Fund

  

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