Our Funds

Parnassus Mid Cap Fund - Investor Shares

Average Annual Total Returns as of 11/30/18 Quarter-End Performance  
YTD as of
12/18/18
3 Mo. 1 Yr. 3 Yr. 5 Yr. 10 Yr. Since
Inception1
Expense Ratio
Grossa Neta
Parnassus Mid Cap Fund
Investor Shares
-5.95 -2.72 2.06 10.27 9.48 14.96 9.22 1.01 0.99
Russell Midcap Index -7.49 -6.66 1.89 9.84 9.14 15.71 9.49 NA NA

aAs described in the Fund's current prospectus dated May 1, 2018, Parnassus Investments has contractually agreed to reduce its investment advisory fee to the extent necessary to limit total operating expenses to 0.99% of net assets for the Parnassus Mid Cap Fund—Investor Shares. This agreement will not be terminated prior to May 1, 2019, and may be continued indefinitely by the investment adviser on a year-to-year basis. The net expense ratio is what investors pay.

Annual Returns as of 12/31/17

Parnassus Mid Cap Fund - Investor Shares: -29.38% Parnassus Mid Cap Fund - Investor Shares: 36.26% Parnassus Mid Cap Fund - Investor Shares: 18.70% Parnassus Mid Cap Fund - Investor Shares: 3.33% Parnassus Mid Cap Fund - Investor Shares: 18.58% Parnassus Mid Cap Fund - Investor Shares: 28.27% Parnassus Mid Cap Fund - Investor Shares: 11.24% Parnassus Mid Cap Fund - Investor Shares: -0.87% Parnassus Mid Cap Fund - Investor Shares: 16.07% Parnassus Mid Cap Fund - Investor Shares: 15.79% Russell Midcap Index: -41.46% Russell Midcap Index: 40.48% Russell Midcap Index: 25.48% Russell Midcap Index: -1.55% Russell Midcap Index: 17.28% Russell Midcap Index: 34.76% Russell Midcap Index: 13.22% Russell Midcap Index: -2.44% Russell Midcap Index: 13.80% Russell Midcap Index: 18.52% Click for more information

Growth of $10,000 as of 12/31/2017 2

1 Since inception on April 29, 2005

2 The chart shows the growth in value of a hypothetical $10,000 investment since inception, 04/29/2005, and does not reflect the deduction of taxes a shareholder would pay on fund distributions or the redemption of fund shares.

Performance data quoted represent past performance and are no guarantee of future returns. All performance assumes reinvestment of dividends and capital gains. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

The Russell Midcap Index is a widely recognized index of common stock prices. An individual cannot invest directly in an index. An index reflects no deductions for fees, expenses or taxes, but mutual fund returns do.

Common stock prices fluctuate based on changes to a companys financial condition and on overall market and economic conditions.

The fund invests primarily in mid-cap companies, which can be particularly sensitive to changing economic conditions and have fewer financial resources that large-cap companies. Investment return and principal will fluctuate, so that an investors shares, when redeemed, may be worth more or less than their original principal cost.

Returns shown for the Fund do not reflect the declaration of taxes a shareholder would pay on the fund distributions or redemption of fund shares.