Parnassus Mid Cap Fund Institutional Shares (PFPMX)
Parnassus Mid Cap Fund Institutional Shares operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $42.29, up 0.50% on the session, giving a market capitalisation of $2.57B. Its beta of 0.99 implies it has historically moved less than the broad market.
The Parnassus Mid Cap Fund typically allocates a significant portion of its net assets – at least 80% – to companies classified as mid-sized. Management defines a mid-sized company as one whose market capitalization falls within the range of the smallest and largest components of the Russell Midcap® Index, assessed at the time of investment. The Russell Midcap® Index is composed of approximately 800 of the smaller companies found within the Russell 1000® Index. Furthermore, the fund has the flexibility to invest up to 20% of its total net assets in businesses with either smaller or larger market capitalizations.
Parnassus Mid Cap Fund Institutional Shares is most often compared with the following Financial Services names: