PFPMX Performance — Parnassus Mid Cap Fund, Institutional Shares
Data updated: 2026-07-20
PFPMX returned +12.07% year to date and +19.70% over one year to Jun 2026. Annualised returns are +8.87% over 3 years and +5.21% over 5 years. The fund trailed its US Mid-Cap Value category average: $100 invested three years ago grew to $129, against $148 for the category, and to $120 over one year, against $120. Volatility over the past three years was 13.07% a year. In the 12 months to Jun 2026 the fund lost a net $255.4M, and assets reached $2.53B.
PFPMX Growth of $100
What $100 invested in Parnassus Mid Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | PFPMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $120 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $129 | $148 |
| 5 years (Jul 2021 – Jun 2026) | $129 | $154 |
| Since data start (Jul 2019 – Jun 2026) | $129 | $212 |
PFPMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.07% |
| 1 year | +19.70% |
| 3 years (annualised) | +8.87% |
| 5 years (annualised) | +5.21% |
PFPMX Annual Returns
Calendar-year total returns of Parnassus Mid Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +12.07% |
| 2025 | +13.08% |
| 2024 | +1.73% |
| 2023 | +0.14% |
| 2022 | −0.22% |
| 2021 | +0.16% |
| 2020 | +0.18% |
| 2019 (Jul–Dec) | +0.06% |
PFPMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.5% | +1.0% | −7.4% | +8.0% | +0.6% | +5.6% | — | — | — | — | — | — |
| 2025 | +5.8% | −3.1% | −5.1% | −0.7% | +4.4% | +4.9% | +2.8% | +0.2% | +2.4% | +0.6% | +1.3% | −0.7% |
| 2024 | 0.0% | +0.1% | 0.0% | −7.2% | +0.8% | +0.7% | +6.6% | +3.3% | +2.1% | −1.9% | +6.3% | −8.1% |
| 2023 | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | −0.1% | 0.0% | +0.1% | +0.1% |
| 2022 | −0.1% | 0.0% | 0.0% | −0.1% | 0.0% | −0.1% | +0.1% | −0.1% | −0.1% | +0.1% | +0.1% | 0.0% |
| 2021 | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% |
| 2020 | 0.0% | −0.1% | −0.2% | +0.1% | +0.1% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
PFPMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.07%
- 3-year Sharpe ratio: 0.33 (vs 4.5% risk-free rate)
- Best month: +7.97% (Apr 2026)
- Worst month: −8.06% (Dec 2024)
PFPMX Fund Flows
Monthly money in and out of Parnassus Mid Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$255.4M
- 12-month gross sales (incl. reinvestments): $497.8M
- Sales ÷ redemptions: 0.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $17.8M | $46.5M | −$28.7M |
| May 2026 | $14.8M | $39.6M | −$24.8M |
| Apr 2026 | $26.9M | $53.2M | −$26.3M |
| Mar 2026 | $18.4M | $58.8M | −$40.4M |
| Feb 2026 | $35.1M | $54.0M | −$18.9M |
| Jan 2026 | $24.2M | $78.2M | −$54.0M |
| Dec 2025 | $256.3M | $127.7M | $128.6M |
| Nov 2025 | $16.0M | $61.7M | −$45.7M |
| Oct 2025 | $19.9M | $62.1M | −$42.1M |
| Sep 2025 | $15.1M | $58.1M | −$43.0M |
| Aug 2025 | $24.5M | $52.9M | −$28.4M |
| Jul 2025 | $28.6M | $60.4M | −$31.8M |
PFPMX Assets Under Management
Net assets of Parnassus Mid Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.53B |
| 2026-03-31 | $2.28B |
| 2025-12-31 | $2.44B |
| 2025-09-30 | $2.61B |
| 2025-06-30 | $2.57B |
| 2025-03-31 | $2.54B |
| 2024-12-31 | $2.84B |
| 2024-09-30 | $3.18B |
| 2024-06-30 | $3.04B |
| 2024-03-31 | $3.70B |
| 2023-12-31 | $5.40B |
| 2023-09-30 | $5.31B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.