The Parnassus Mid Cap Fund is a diversified, fundamental, U.S., mid-cap, core equity
fund. The Fund invests principally in undervalued equity securities of medium-capitalization
companies between that of the smallest and largest constituents of the Russell Midcap
Index at the time of initial purchase. The Fund seeks to invest in quality businesses
that are well-managed, increasingly relevant and competitively advantaged. The Fund
also takes environmental, social and governance factors into account in making investment
The Fund’s share price may change daily based on the value of its security holdings.
Stock markets can be volatile, and stock values fluctuate in response to the asset
levels of individual companies and in response to general U.S. and international
market and economic conditions. Security holdings in the fund can vary significantly
from broad market indexes.
The Fund invests in the stocks of small and mid-cap companies, which are generally
riskier than larger companies, and the Fund’s share price may be more volatile than
funds that invest in larger companies.