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 core, intermediate-duration,
U.S. investment-grade 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 bond selection based on fundamental research, is the most
effective way to construct a risk-balanced, investment-grade fixed income portfolio.