Parnassus Investments

Fixed-Income Fund

Manager Commentary

We spend a lot of time writing our shareholder reports and try to explain in plain language how our funds performed as well as our investment strategy.

Current Fund Shareholder Report
Historical Shareholder Reports

Before investing, an investor should carefully consider the investment objectives, risks, charges and expenses of a fund and should carefully read the prospectus which contains this and other
information about the fund and can be found in our Forms and Documents section. Investment
return and principal value will fluctuate so that an investor’s shares, when redeemed, may be
worth more or less than their original principal cost and you could lose money.

This site is intended for U.S. investors only and should not be considered a solicitation or
offering to investors outside the U.S.

Parnassus Investments

Fixed-Income Fund

Manager Commentary

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