The investment style of the Parnassus equity funds is fundamental, U.S.,
core equity. Our investment philosophy is to own good businesses at attractive
valuations. We seek to invest in businesses that have increasingly relevant
products or services, sustainable competitive advantages, quality management
teams and ethical business practices. Once a company clears these gates, we
perform a detailed valuation analysis to confirm that the investment will yield
an attractive risk-adjusted return.
The investment style of the Parnassus Fixed-Income Fund is U.S., investment-grade,
intermediate, government/credit fixed-income. Our investment philosophy is to
generate a high level of current income consistent with safety, preservation
of capital and a responsible investment approach. We believe that risk selection
through sound macroeconomic analysis combined with bonds selection based on a
fundamental research process is the most effective way to construct a risk-balanced,
investment grade fixed-income portfolio.