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Kip 25

Parnassus Mid Cap Fund

Symbol: PARMX
Expense Ratio: 0.99%

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.

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

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