Our Funds

Our Funds

Parnassus Investments manages seven funds to meet your investment needs. We invest according to a disciplined research process, looking for undervalued companies with
good businesses. Our goal is to provide value to our shareholders by generating attractive risk-adjusted returns over the long-term.

Fund Name Symbol Fund Strategy Inception Date
Parnassus Fund PARNX Multi-Cap Core (U.S. Equity) 12/31/1984
Parnassus Equity Income Fund PRBLX Large-Cap Core (U.S. Equity) 8/31/1992
Parnassus Mid-Cap Fund PARMX Mid-Cap Core (U.S. Equity) 4/29/2005
Parnassus Small-Cap Fund PARSX Small-Cap Core (U.S. Equity) 4/29/2005
Parnassus Workplace Fund PARWX Large-Cap Core (U.S. Equity) 4/29/2005
Parnassus Asia Fund PAFSX Multi-Cap (Asia-Pacific Equity) 4/30/2013
Parnassus Fixed-Income Fund PRFIX Intermediate, Investment-Grade (U.S. Fixed-Income) 8/31/1992
Total % Returns as of 4/30/131 Quarter-End Performance  
YTD as of
5/20/13
3 Mo. 1 Yr. 3 Yr. 5 Yr. 10 Yr. Since
Inception2
Expense Ratio
Grossa Neta
Parnassus Fund 13.49 1.99 17.29 10.16 8.31 7.35 9.59 0.90 0.90
Parnassus Equity Income Fund
Investor Shares
18.06 7.41 21.31 12.32 8.24 9.07 10.38 0.90 0.90
Parnassus Equity Income Fund
Institutional Shares
18.06 7.44 21.50 12.54 8.46 9.22 8.95 0.68 0.68
Parnassus Mid-Cap Fund 14.16 3.87 16.10 13.93 9.36 NA 8.15 1.23 1.20
Parnassus Small-Cap Fund 10.01 -1.93 8.98 6.74 9.58 NA 8.37 1.23 1.20
Parnassus Workplace Fund 14.57 4.15 17.26 12.17 11.08 NA 9.87 1.14 1.14
Parnassus Asia Fund -0.07 NA NA NA NA NA NA 5.00 1.45
Parnassus Fixed-Income Fund -0.07 1.82 2.33 4.46 5.04 4.65 5.84 0.79 0.68

1 All returns greater than one year are annualized.

2 The inception date for the Parnassus Fund is December 31, 1984. The inception date for the Parnassus Equity Income Fund and Parnassus Fixed-Income Fund is August 31, 1992. The inception date for the Parnassus Mid-Cap Fund, Parnassus Small-Cap Fund and Parnassus Workplace Fund is April 29, 2005. The inception date for the Institutional Shares of the Parnassus Equity Income Fund is April 28, 2006.

a As described in Funds current prospectus dated May 1, 2013, Parnassus Investments has contractually agreed to limit the total operating expenses (exclusive of acquired fund fees and expenses) to 0.99%, 0.90%, 0.68%, 1.20%, 1.20%, 1.14%, 1.45 and 0.68% of the net assets of the Parnassus Fund, the Parnassus Equity Income Fund-Investor Shares, the Parnassus Equity Income Fund-Institutional Shares, the Parnassus Mid-Cap Fund, the Parnassus Small-Cap Fund, the Parnassus Workplace Fund, Parnassus Asia Fund and the Parnassus Fixed-Income Fund, respectively. These limitations continue until May 1, 2014, and may be continued indefinitely by the Adviser on a year-to-year basis.

Performance data quoted represent past performance and are no guarantee of future returns. All performance assumes reinvestment of dividends and capital gains. Current performance may be lower or higher than the performance data quoted. Investment return and principal will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

The Parnassus Equity Income Fund - Institutional Shares were incepted on April 28, 2006. Performance shown prior to the inception of the Institutional Shares reflects the performance of the Parnassus Equity Income Fund - Investor Shares and includes expenses that are not applicable to and are higher than those of the Institutional Shares.

Prior to May 1, 2004, the Parnassus Fund charged a sales load of a maximum of 3.5%, which is not reflected in the total return figures. Prior to March 31, 1998, the Parnassus Equity Income Fund was a balanced fund.

Daily Prices - NAV Historical Lookup
Fund Name Symbol Current Price
as of 5/20/2013
Previous Price
as of 5/17/2013
Price Change Percentage Change
Parnassus Fund PARNX $ 46.10 $ 46.16 $ (0.06) (0.13) %
Parnassus Equity Income Fund
Investor Shares
PRBLX $ 34.37 $ 34.42 $ (0.05) (0.15) %
Parnassus Equity Income Fund
Institutional Shares
PRILX $ 34.43 $ 34.49 $ (0.06) (0.17) %
Parnassus Mid-Cap Fund PARMX $ 23.14 $ 23.14 $ 0.00 0.00 %
Parnassus Small-Cap Fund PARSX $ 26.15 $ 26.08 $ 0.07 0.27 %
Parnassus Workplace Fund PARWX $ 25.40 $ 25.47 $ (0.07) (0.27) %
Parnassus Asia Fund PAFSX $ 14.99 $ 14.99 $ 0.00 0.00 %
Parnassus Fixed-Income Fund PRFIX $ 17.44 $ 17.45 $ (0.01) (0.06) %
Fund Name Commentary
Parnassus Fund HTML
Parnassus Equity Income Fund HTML
Parnassus Mid-Cap Fund HTML
Parnassus Small-Cap Fund HTML
Parnassus Workplace Fund HTML
Parnassus Fixed-Income Fund HTML

This commentary is the portfolio manager commentary as taken from the most recent of the Fund's Annual, Semiannual or Quarterly reports. Links to the full reports are available on the commentary pages.

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