PFPRX Fees and Costs — Parnassus Mid Cap Growth Fund, Institutional Shares
Data updated: 2026-07-20
The net expense ratio is 0.68%: a 0.62% management fee plus 0.08% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $254K in broker commissions, 0.0313% of average net assets, and portfolio turnover was 62%.
PFPRX Fees and Expenses
Annual operating expenses and sales charges of PFPRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PFPRX Costs Over Time
On $10,000 invested in PFPRX, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
PFPRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0313%
- Total broker commissions: $254K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $1K (0.000% of average net assets)
PFPRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC. | $79K | 32.21% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $25K | 10.15% |
| INSTINET, LLC | $24K | 9.86% |
| MORGAN STANLEY & CO. LLC | $23K | 9.42% |
| Sg Americas Securities, Llc | $20K | 8.22% |
| UBS Securities LLC | $20K | 7.96% |
| Cantor Fitzgerald & Co. | $17K | 6.82% |
| BNY MELLON CAPITAL MARKETS, LLC | $15K | 6.22% |
| ROYAL BANK OF CANADA | $13K | 5.13% |
| BMO Capital Markets Corp. | $10K | 4.01% |
Parnassus Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFPRX | Institutional Shares | 0.68% | — |
| PARNX | Investor Shares | 0.80% | — |
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.