You may lose money by investing in the Fund. Equity securities include common and preferred stock. The Funds are managed by Parnassus Investments (the "Adviser"). Broad Asset Class: Large Cap Stocks $449M. Example This example is intended to help you compare the cost of investing in the Parnassus Fund with the cost of investing in other mutual funds. examine the fund's prospectus carefully for specific information before investing. You can also get this information at no cost by calling (800) 999-3505 or by sending an e-mail request to shareholder@parnassus.com. Parnassus Fixed-Income Fund 1 Fund Facts Documents for Fund or Underlying Fund (s) Prospectus Description Performance & Expenses Distributions Morningstar Information Characteristics Statistics Description Objective † The investment seeks a high level of current income consistent with safety and preservation of capital. Parnassus Core Equity Fund - Institutional Shares (PRILX) Transaction Fee/Load Hypothetical Growth of $10,0002,3 . The Parnassus Endeavor Fund has a quality bias and invests in U.S. large cap companies with competitive advantages and relevancy, quality management teams and positive performance on environmental, social and governance (ESG) criteria. Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives . For the current holdings of the Parnassus Mid Cap Growth Fund, the Parnassus Core Equity Fund, the Parnassus Endeavor Fund, the Parnassus Mid Cap Fund and the Parnassus Fixed Income Fund, please visit each fund's individual holdings page. The Parnassus Funds are fossil-fuel free funds, meaning they do not invest in companies that derive significant revenues from the extraction, exploration, production or refining of fossil fuels; the Funds may invest in companies that use fossil fuel-based energy to power their operations or for other purposes. Fund Facts Inception Date: . Our investment professionals carefully vet each certificate of deposit (CD) or loan to determine how it will fit with Morningstar Prospectus Objective Min Initial Purchase Min Subsequent Purchase Min IRA Purchase: Expense Ratio: 12b-1: Sales Charge: Available to New Shareholders: . Fund assets. $40.50 3/18/2022. All the funds employ the same research process that fully integrates ESG and fundamental analysis. The Parnassus Core Equity Fund's objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Fees and Expenses This table describes the fees and expenses that you may pay if you buy and hold shares of the Parnassus Fund. There are three Parnassus Income Funds: the Parnassus Equity Income Fund, the Parnassus Fixed-Income Fund and the Parnassus California Tax-Exempt Fund (the "Funds"). Please see the Fund's prospectus or other disclosure documents for information about the Fund's risks. You can also get this information at no cost by calling (800) 999-3505 or by sending an e-mail request to shareholder@parnassus.com. Please call 800-395-1113 to obtain the Fund Sheet for the group annuity investment option sub-accounts and/or to obtain a prospectus (or Offering Memorandum/Trust Document) for the sub-accounts' underlying fund, that are available on request. PRFIX Parnassus Fixed Income Fund Investor Shares. The Funds are managed by Parnassus Investments (the "Adviser"). NAV change from prior day $-0.04. You can find the Fund's prospectus, reports to shareholders, and other information about the Fund, including the statement of additional information, online at www.parnassus.com. 12b1 Expense % A 12b-1 fee is a fee used to pay for a mutual fund's distribution costs. Smart Money magazine had also named the fund a 'Superstar Fund.' By 2017, all four of Parnassus's domestic equity funds had since gone on to outperform the market averages over the long term (Exhibit 2). Principal Risks All investments involve risk, and investing in the Parnassus Fund is no exception. Learn more about mutual funds at fidelity.com. Past name: Parnassus Equity Income - Inv. . normal circumstances, the fund will invest a minimum of 80% of its net assets (plus borrowings for investment purposes) in equity securities. PARNASSUS FUNDS Prospectus • 2015 governance factors into account in making investment decisions. NAV. Prospectus † 2020 SUMMARY SECTION Parnassus Core Equity Fund Investment Objective The Parnassus Core Equity Fund's objective is to achieve both capital appreciation and current income. 2021 Parnassus Funds Prospectus_Amended Jan. 2022. Before investing, an investor should carefully consider the investment objectives, risks, charges and expenses of a fund and should carefully read the prospectus or summary prospectus, which contains this and other information and can be found in our Literature and Forms section or by calling (800) 999-3505. $40.50 3/18/2022. The Wall Street Transcript—Viewing Fixed Income Through the Lens of ESG . For more information on the Adviser, please see "Management of the Funds" in the prospectus and "The Adviser" in the statement of additional information. Prospectus • 2018PARNASSUS FUNDS SUMMARY SECTION Parnassus Fund Investment Objective The Parnassus Fund has the overall investment objective of capital appreciation. Strategy The funds objective is to achieve capital appreciation by investing primarily in a diversified portfolio of equity securities. View; Related Insights. Parnassus Asia Fund ( since 7/1/2014 ) Fund Overview Objective The investment seeks capital appreciation. JavaScript chart by amCharts 3.21.12. Standard Performance As of Dec 31, 2021. You could lose money investing in the Fund. PROSPECTUS May 1, 2006 . PARNASSUS FUNDS The Funds that do well by doing good PROSPECTUS May 1, 2006 There are four Parnassus Funds: the Parnassus Fund, the Parnassus Workplace Fund, the Parnassus Small-Cap Fund and the Parnassus Mid-Cap Fund (the "Funds"). It is often used as a commission to brokers NAV as of 03/22/2022 $15.91. Parnassus Fund Annual Fund Operating Expenses (%) Such fees are included in the funds' overall expense ratio and a portion of these fees may be paid to us. Mutual fund investing involves risk, and loss of principal is possible. May 1, 2005 . The "Summary Section - Parnassus Core Equity Fund - Portfolio Managers" of the prospectus is supplemented by adding the following disclosure: " Andrew S. Choi is a Portfolio Manager of the Parnassus Core Equity Fund and has served in this capacity since January 3, 2022." The NAV is calculated by subtracting liabilities from the value of a fund's total assets and dividing it by the number of fund's shares outstanding. Parnassus Investments is the investment adviser to the Parnassus Small-Cap Fund. Close tooltip. For additional information about the Parnassus Fund's expenses, please see "Financial Highlights" in the prospectus. PARNASSUS FUNDS Prospectus † 2018 Parnassus Fund Average Annual Total Returns (%) One Year Five Years Ten Years (all periods ended December 31, 2017) Investor Shares Return before Taxes 16.08 15.24 10.72 Return after Taxes on Distributions 13.99 12.38 8.99 Return after Taxes on Distributions and Sale of Fund Shares 10.76 11.70 8.50 . As described in the Fund's current prospectus dated May 1, 2016, Parnassus Investments has contractually agreed to limit total operating expenses to 0.87% of net assets for the Parnassus Core Equity Fund—Investor and 0.78% of net assets for the Parnassus Core Equity Fund— Institutional Shares. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends. The Funds' portfolio managers may invest up to 2% of the Funds' assets in these organizations, allowing Parnassus to earn an investment return for our shareholders while making an appreciable impact on local communities. Broad Asset Class: Large Cap Stocks The Parnassus Funds are fossil-fuel free funds, meaning they do not invest in companies that derive significant revenues from the extraction, exploration, production or refining of fossil fuels; the Funds may invest in companies that use fossil fuel-based energy to power their operations or for other purposes. The five Parnassus ESG Funds ® are actively managed ESG mutual funds that seek to identify high quality companies with attractive valuations. Prospectus • 2021 SUMMARY SECTION Parnassus Core Equity Fund Investment Objective The Parnassus Core Equity Fund's objective is to achieve both capital appreciation and current income. 2021 Parnassus Funds Prospectus_Amended Jan. 2022. Parnassus Endeavor Fund Investor Shares-5.96% 11.24% 20.98% 15.79% 16.69% 13.30% . NAV. Reference the Fund's prospectus for more details. For a mutual fund, the net expense ratio is the total annual fund or class operating expenses directly paid by the fund from the fund's most recent prospectus, after any fee waiver and/or expense reimbursements that will reduce . The Parnassus Funds are distributed by Parnassus Funds Distributor, LLC. Found in a fund's prospectus, these figures show how much an investor would expect to pay in expenses-sales charges and fees assuming a $10,000 investment that grows by 5 . There is no guarantee that the Fund will achieve its investment objective. The Parnassus Funds are distributed . Exploring the Parnassus Endeavor Fund. NAV. prospectus, reports to shareholders, and other information about the Fund, including the statement of additional information, online at www.parnassus.com. PARNASSUS INCOME FUNDS . NAV. Exp Ratio (Gross): Expense ratio is a measure of what it costs to operate an investment, expressed as a percentage of its assets, as a dollar amount, or in basis points. Analyze the Fund Parnassus Mid Cap Fund having Symbol PARMX for type mutual-funds and perform research on other mutual funds. Total Cost Projections. The dollar value of one mutual fund's share, excluding any sales charges or redemption fees. Principal Investment Risks. PROSPECTUS . normal circumstances, the fund will invest a minimum of 80% of its net assets (plus borrowings for investment purposes) in equity securities. The NAV is calculated by subtracting liabilities from the value of a fund's total assets and dividing it by the number of fund's shares outstanding. Prospectus † 2020 SUMMARY SECTION Parnassus Core Equity Fund Investment Objective The Parnassus Core Equity Fund's objective is to achieve both capital appreciation and current income. Investing with a Conscience . Samantha Palm and Minh Bui discuss the Parnassus Fixed Income Fund and provide valuable insight to help investors consider if ESG should be a part of their fixed income portfolio. Close tooltip. Parnassus Income Funds was formerly known as The Parnassus Income Trust. company's stock has little potential for appreciation. Parnassus Funds: PARNASSUS WORKPLACE: 701765869: PARWX: Mutual Fund Growth $ 2000 $ 50 $ 500 : 1.2: 0: None: Yes: Yes: Y: Y . Parnassus Fixed-Income Fund 1. Past name: Parnassus Equity Income - Inv. Return to Fund Listings. Parnassus Core Equity Institutional PRILX . Transaction Fee (Online) 1. Transaction Fee (Online) 1. Fund strategy U.S. Intermediate, Investment-Grade. AMG Investor Relations: Anjali Aggarwal AMG Media Relations: Ann Imes (617) 747-3300 ir@amg.com pr@amg.com. A prospectus or summary prospectus can be obtained on the website, www.parnassus.com, or by calling (800) 999-3505. Holdings include contrarian stocks and quality compounders trading off price. Undervalued companies with strong or improving fundamental and ESG profiles provide long-term investors with a differentiated opportunity to make "clean" investments without sacrificing returns. The dollar value of one mutual fund's share, excluding any sales charges or redemption fees. These include marketing fees known as 12b-1 fees, as well as certain record keeping or shareholder services fees. YTD return as of 03/22/2022 -7.38%. PARNASSUS FUNDS . The Funds that do well by doing good . There are four Parnassus Funds: the Parnassus Fund, the Parnassus Workplace Fund, the Parnassus Small-Cap Fund and the Parnassus Mid-Cap Fund (the "Funds"). You can find the Fund's prospectus, reports to shareholders, and other information about the Fund, including the statement of additional information, online at www.parnassus.com. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends. An overview of the management, performance and expenses, investment characteristics, and other information about the Parnassus Fixed-Income Fund. By 1995, the Parnassus Fund had been given the highest possible rating, five stars, by the investment analysis company, Morningstar. You can also get this information at no cost by calling (800) 999-3505 or by sending an e-mail request to shareholder@parnassus.com. Parnassus Media Relations: Joe Sinha Standard Performance As of Dec 31, 2021; Fund/Benchmark Name Qtr YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception; Parnassus Core Equity Investor a: 10.74%: 27.55%: 27.55% The example assumes that you invest $10,000 in the Fund for the time Performance & Expenses. The Parnassus Fixed Income Fund invests primarily in the debt securities of companies with long-term competitive advantages and relevancy, quality management teams and positive performance on ESG criteria. See our funds View; Related Insights. Equity securities include common and preferred stock. Prospectus † 2020 SUMMARY SECTION Parnassus Core Equity Fund Investment Objective The Parnassus Core Equity Fund's objective is to achieve both capital appreciation and current income. Prospectus † 2020 SUMMARY SECTION Parnassus Core Equity Fund Investment Objective The Parnassus Core Equity Fund's objective is to achieve both capital appreciation and current income. 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