Parnassus Funds - Parnassus Mid Cap Fund(NASDAQMUTFUND) PFPMX

Parnassus Mid Cap Fund Institutional Shares focuses on investing in mid-sized companies, typically allocating at least 80% of its net assets to this sector. The fund aims to provide investors with exposure to growth opportunities within the mid-cap market while maintaining a diversified portfolio.

Products and Services

• Investment in mid-sized companies within the Russell Midcap® Index
• Flexibility to invest up to 20% in smaller or larger market cap businesses
• Focus on sustainable and responsible investing practices

Growth Outlook

• Market capitalization of mid-cap companies offers significant growth potential
• Recent trends indicate increasing investor interest in mid-cap stocks
• Strong performance of the Russell Midcap® Index supports future growth prospects

Financial Highlights

• Recent dividend yield of 10.06% reflects strong income generation
• Market capitalization stands at approximately $2.42 billion
• Stock price range over the past year is $36.66 to $43.18

The Parnassus Mid Cap Fund Institutional Shares is designed for investors seeking exposure to mid-sized companies, which are often positioned for growth. The fund's strategy emphasizes sustainable investing, aligning with the increasing demand for responsible investment options. The recent dividend yield of 10.06% highlights the fund's ability to generate income, making it an attractive option for income-focused investors. With a solid market capitalization and a favorable stock price range, the fund is well-positioned to capitalize on the growth potential within the mid-cap sector.