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PSMTX

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Analysis and statistics

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About

PSMTX.US represents the Parnassus Mid Cap Growth Fund Investor Shares, a mutual fund managed by Parnassus Investments. This fund seeks long-term capital appreciation by investing primarily in mid-capitalization companies demonstrating above-average growth potential and adhering to socially responsible investment (SRI) criteria. The fund focuses on companies with sustainable competitive advantages, strong management teams, and attractive valuations while avoiding investments in companies involved in activities deemed inconsistent with the fund's values, such as weapons manufacturing, tobacco, and fossil fuels.
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Factors

Expense Ratio: Higher expense ratios reduce returns.

Portfolio Composition: The types of assets (stocks, bonds, etc.) and their allocation impact performance.

Management Strategy: The fund manager's investment decisions affect returns.

Market Conditions: Overall market trends influence fund performance.

Interest Rates: Rising rates can negatively impact bond fund prices.

Inflation: High inflation erodes purchasing power and can lower returns.

Credit Risk: The risk of issuers defaulting on debt obligations impacts bond funds.

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