Our Funds

Parnassus Asia Fund

Asset Allocation as of 12/31/14

Common Stock 95% Cash and Other 5% *

Ten Largest Holdings1 as of 1/31/2015

Taiwan Semi (ADR) 3.5%
Samsung Electronics
SOUTH KOREA
3.1%
KDDI Corp.
JAPAN
3.0%
Hermes Microvision
TAIWAN
3.0%
Lenovo Group Ltd.
HONG KONG
2.7%
Keppel Corp., Ltd.
SINGAPORE
2.7%
Lite-On Technology
TAIWAN
2.5%
Air Lease Corp. 2.4%
Linear Technology 2.4%
SITC Int'l Holdings
HONG KONG
2.3%
Total 27.6%

Full Quarterly Holdings

Sector Weightings2 as of 12/31/14

Telecom Services Information Technology Materials Industrials Health Care Financials Utilities Energy Consumer Staples Consumer Discretionary Telecom Services Information Technology Materials Industrials Health Care Financials Utilities Energy Consumer Staples Consumer Discretionary

Country Allocation3

Equity China/Hong Kong 28.5 %
Equity Indonesia 8.1 %
Equity Philippines 2.1 %
Equity Japan 18.9 %
Equity Singapore 7.3 %
Equity South Korea 4.1 %
Equity Taiwan 23.6 %
Equity Thailand 7.4 %
Total 100.0%

1 The Ten Largest Holdings and Full Quarterly Holdings are not taken from the Fund's annual, semiannual or quarterly reports and have not been audited. This holdings information represents the diversity of areas in which the Fund may invest and may not be representative of the Fund's current or future investments.

The Fund may participate in securities lending. The portfolio holdings information provided herein excludes any securities held by the Fund as collateral for securities on loan by the Fund. Complete holdings information, including securities held as collateral for securities on loan, can be obtained in the Funds' most recent annual and semiannual reports as of the date of such report.

2 Percent based on long-term portfolio as of date indicated. The Sector Weightings represent the diversity of areas in which the Fund may invest and may not be representative of the Fund's current or future investments.

Fund industry breakdown, asset allocation and holdings are subject to change and should not be considered a recommendation to buy or sell any securities.

* Percentage of net assets Including cash and cash equivalents, short-term investments, and other assets and liabilities.

3 As a percentage of long-term investments. Parnassus considers companies that do a substantial amount of business in Asia to be Asian companies.