Capital appreciation and current income.
The Parnassus Equity Income Fund is a diversified, fundamental, U.S., large-cap,
core equity fund. The Fund invests principally in undervalued equity securities
of large-capitalization companies. At least 75% of the Fund’s total assets will
normally be invested in equity securities that pay dividends. The remaining 25%
may be invested in non-dividend-paying equity securities. The Fund also takes environmental,
social and governance factors into account in making investment decisions.
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 asset
levels of individual companies and in response to general U.S. and international
market and economic conditions. 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.