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Kip 25

Parnassus Mid Cap Fund

Symbol: PARMX
Expense Ratio: 0.99%
800-999-3505

Parnassus Mid Cap, the first socially responsible fund in the Kip 25, has delivered solid returns with below-average volatility.

Managers Matt Gershuny and Lori Keith favor businesses that offer a product or service that’s in demand or companies that dominate their industry. The managers must conclude that a company’s intrinsic value—their estimate of its true worth—can increase, on average, by at least high-single-digit percentages annually over the next three years. Over the past three years, Parnassus has beaten the typical mid-cap fund by an average of 3.6 percentage points per year.

Data through February 28, 2017

See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

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And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.