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Expense Ratio Information

All the Parnassus Funds are no-load funds, meaning there's no up-front sales charge on our funds. Expense ratios include gross expenses and expenses net of contractual waivers as described in the Funds current prospectus dated May 1, 2015.

Fund Name Gross
Expense Ratio
1 (%)
Net
Expense Ratio
1 (%)
Category
Average
2 (%)
Parnassus Fund
Investor Shares
0.84 0.84 1.23
Parnassus Fund
Institutional Shares
0.77 0.77 1.23
Parnassus Core Equity Fund
Investor Shares
0.87 0.87 1.23
Parnassus Core Equity Fund
Institutional Shares
0.67 0.67 1.23
Parnassus Endeavor Fund
Investor Shares
1.02 0.95 1.23
Parnassus Endeavor Fund
Institutional Shares
0.87 0.83 1.23
Parnassus Mid Cap Fund
Investor Shares
1.09 0.99 1.15
Parnassus Mid Cap Fund
Institutional Shares
0.94 0.85 1.15
Parnassus Asia Fund
Investor Shares
3.53 1.25 1.41
Parnassus Asia Fund
Institutional Shares
3.48 1.22 1.41
Parnassus Fixed Income Fund
Investor Shares
0.78 0.68 0.84
Parnassus Fixed Income Fund
Institutional Shares
0.65 0.58 0.84


1As described in the Fund's current prospectus dated May 1, 2015, Parnassus Investments has contractually agreed to reduce its investment advisory fee to the extent necessary to limit total operating expenses to 0.95% of net assets for the Parnassus Endeavor Fund-Investor Shares, 0.83% of net assets for the Parnassus Endeavor Fund-Institutional Shares, 0.99% of the net assets of the Parnassus Mid-Cap Fund-Investor Shares, 0.85% of the net assets of the Parnassus Mid-Cap Fund-Institutional Shares, 1.25% of net assets for the Parnassus Asia Fund-Investor Shares, 1.22% of net assets for the Parnassus Asia Fund-Institutional Shares, 0.68% of net assets for the Parnassus Fixed Income Fund-Investor Shares and 0.58% of net assets for the Parnassus Fixed Income Fund-Institutional Shares. These limitations continue until May 1, 2016 for the Parnassus Endeavor Fund, Parnassus Asia Fund and Parnassus Fixed Income Fund and until May 1, 2017 for the Parnassus Mid Cap, and may be continued indefinitely by the Adviser on a year-to-year basis. The computation of advisory fees is based on the average daily net assets for each class of shares in each Fund independently.

2 The fund category average benchmarks shown are the mean total expense ratios of each fund's peer group as classified by Lipper as of April 30, 2013. Lipper's data and analyses are for informational purposes only, and do not constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction.

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