Our Funds

Parnassus Asia Fund

Objective:

Capital appreciation.

Strategy

The Parnassus Asia Fund is a diversified, fundamental, Asia Pacific, multi-cap equity fund. The Fund principally invests in stocks of Asian companies of all-capitalizations. The Fund seeks to invest in good businesses with attractive valuations. The Fund also takes environmental, social and governance factors into account in making investment decisions.

Risks

The Fund's share price may change daily based on the value of its security holdings. Stock markets can be volatile, and stock values fluctuate in response to the assets levels of individual companies and in response to general domestic and international market and economic conditions.

There are additional risks associated with foreign investments, such as increased market volatility, a lower level of government oversight in emerging markets, risks associated with focusing on a specific geographic region and exposure to fluctuations in foreign currencies. In addition to large-cap companies, the Fund may invest in small and/ or mid-cap companies, which can be more volatile than large-cap firms. Security holdings in the Fund can vary significantly from broad market indexes.

Fund Facts

Ticker PAFSX
CUSIP 701765208
Minimum Investment $2,000
Gross Expense Ratio 5.08 %
Net Expense Ratio* 1.25 %
Inception Date 4/30/2013
Fund Manager,
Since April 2013
Since July 2014

Jerome L. Dodson
Billy J. Hwan
Fund Strategy Multi-Cap
(Asia Pacific Equity)
Lipper Category Pacific Region
Distribution Frequency Annually
Total Net Assets $7MM

* Expenses based on total net assets, net of reimbursement.

As described in the Fund's current prospectus dated May 1, 2014, Parnassus Investments has contractually agreed to limit the total operating expenses (exclusive of acquired fund fees and expenses) to 1.25% of the net assets of the Parnassus Asia Fund. This agreement will not be terminated prior to May 1, 2015, and may be continued indefinitely by the Adviser on a year-to-year basis.

The MSCI AC Asia Pacific Index is an unmanaged index of Asian stock markets. An individual cannot invest directly in an index. An index reflects no deductions for fees, expenses or taxes, but mutual fund returns do.