PFPRX Performance — Parnassus Mid Cap Growth Fund, Institutional Shares
Data updated: 2026-07-20
PFPRX returned +11.68% year to date and +19.66% over one year to Jun 2026. Annualised returns are +7.88% over 3 years and +4.62% over 5 years. The fund trailed its US Mid-Cap Value category average: $100 invested three years ago grew to $126, against $148 for the category, and to $120 over one year, against $120. Volatility over the past three years was 14.63% a year. In the 12 months to Jun 2026 the fund took in a net $25.9M, and assets reached $850.32M.
PFPRX Growth of $100
What $100 invested in Parnassus Mid Cap Growth 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 | PFPRX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $120 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $126 | $148 |
| 5 years (Jul 2021 – Jun 2026) | $125 | $154 |
| Since data start (Jul 2019 – Jun 2026) | $126 | $212 |
PFPRX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.68% |
| 1 year | +19.66% |
| 3 years (annualised) | +7.88% |
| 5 years (annualised) | +4.62% |
PFPRX Annual Returns
Calendar-year total returns of Parnassus Mid Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.68% |
| 2025 | +9.34% |
| 2024 | +2.67% |
| 2023 | +0.33% |
| 2022 | −0.37% |
| 2021 | +0.10% |
| 2020 | +0.29% |
| 2019 (Jul–Dec) | +0.08% |
PFPRX 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 | +1.1% | −2.1% | −6.1% | +7.4% | +5.5% | +6.0% | — | — | — | — | — | — |
| 2025 | +6.0% | −6.3% | −9.3% | −0.4% | +8.1% | +5.3% | +1.8% | +2.4% | +3.6% | +2.8% | −1.6% | −1.9% |
| 2024 | 0.0% | +0.1% | 0.0% | −7.1% | +1.9% | +2.3% | +2.7% | +3.4% | +2.2% | −3.4% | +7.5% | −6.1% |
| 2023 | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | 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% | 0.0% | +0.1% | −0.1% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | +0.1% | 0.0% | 0.0% |
| 2020 | 0.0% | −0.1% | −0.1% | +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% |
PFPRX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.63%
- 3-year Sharpe ratio: 0.23 (vs 4.5% risk-free rate)
- Best month: +8.09% (May 2025)
- Worst month: −9.30% (Mar 2025)
PFPRX Fund Flows
Monthly money in and out of Parnassus Mid Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $25.9M
- 12-month gross sales (incl. reinvestments): $149.4M
- Sales ÷ redemptions: 1.21×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.6M | $7.7M | −$6.1M |
| May 2026 | $2.0M | $10.3M | −$8.2M |
| Apr 2026 | $2.4M | $9.7M | −$7.4M |
| Mar 2026 | $2.6M | $12.6M | −$10.0M |
| Feb 2026 | $2.8M | $10.0M | −$7.2M |
| Jan 2026 | $5.0M | $11.0M | −$6.0M |
| Dec 2025 | $121.8M | $21.2M | $100.6M |
| Nov 2025 | $2.2M | $7.3M | −$5.1M |
| Oct 2025 | $2.5M | $9.3M | −$6.8M |
| Sep 2025 | $3.1M | $6.4M | −$3.3M |
| Aug 2025 | $1.5M | $9.2M | −$7.7M |
| Jul 2025 | $1.9M | $8.8M | −$6.9M |
PFPRX Assets Under Management
Net assets of Parnassus Mid Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $850.32M |
| 2026-03-31 | $728.24M |
| 2025-12-31 | $806.82M |
| 2025-09-30 | $846.33M |
| 2025-06-30 | $801.84M |
| 2025-03-31 | $735.68M |
| 2024-12-31 | $842.17M |
| 2024-09-30 | $884.78M |
| 2024-06-30 | $831.70M |
| 2024-03-31 | $876.80M |
| 2023-12-31 | $828.28M |
| 2023-09-30 | $721.30M |
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.