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Parnassus Investments

Fixed-Income Fund

Fund Details

Fund Facts
Ticker Symbol PRFIX
CUSIP 701769200
Fund Category Intermediate Coporate Bond
Commencement Date 8/31/1992
Fund Manager Minh T. Bui
Manager Tenure Since 5/2008
Income Dividend Frequency Monthly
Minimum Investment $2,000
Fund Stats 6/30/10
Expense Ratio 0.76% 1
Load None
Net Assets $166.1MM
Number of Long-Term Holdings 54
Yield (30-day SEC yield as of 6/30/10) 2.00%
Portfolio Turnover (2009 Annual) 46.2%
Sector Weightings 6/30/10 2
Short-term Investments, Other Assest Equity Municipal Bonds U.S. Treasury Bonds U.S. Agency Bonds Convertible Bonds Corporate Bonds Short-term Investments, Other Assest

Asset Allocation 6/30/10
Corporate Bonds 36% Convertible Bonds 10% U.s. Agency Bonds 0% Municipal Bonds 0% U.S. Treasury Bonds 49% Equity 0% Short-term Investments, Other Assest 5%
 10 Largest Holdings 6/30/2010 3
1.   U.S. Treasury 2.50%, due 04/30/15 3.7%
2.   U.S. Treasury 3.63%, due 08/15/19 3.2%
3.   U.S. Treasury 3.63%, due 02/15/20 3.2%
4.   U.S. Treasury 3.13%, due 10/31/16 3.2%
5.   U.S. Treasury 3.13%, due 04/30/17 3.1%
6.   U.S. Treasury 3.00%, due 09/30/16 3.1%
7.   U.S. Treasury 3.38%, due 11/15/19 3.1%
8.   U.S. Treasury 4.63%, due 02/15/40 2.7%
9.   U.S. Treasury 4.38%, due 11/15/39 2.6%
10.   U.S. Treasury 3.75%, due 11/15/18 2.6%
Full Quarterly Holdings
Quality Ratings 6/30/10 3
U.S. Gov't/Agency & AAA 55%
AA 6%
A 20%
BBB 15%
BB 3%
B 1%
Below B 0%
Not Rated/Not Available 0%

The portfolio holdings listing and top 10 holdings are not taken from the fund's annual, semiannual or quarterly reports and have not been audited.

Fund information is not intended to represent future portfolio composition. Fund industry breakdown, asset allocation and holdings are subject to change and should not be considered a recommendation to buy or sell any securities.

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

1The expense ratio is net of contractual adviser reimbursement and exclusive of acquired fund fees. As described in the Fund's current prospectus dated May 1, 2009, Parnassus Investments has contractually agreed to limit the total operating expenses to 0.87% of net assets, exclusive of acquired fund fees, through May 1, 2010. The "Total Annual Fund Operating Expenses" for the Parnassus Fixed-Income Fund indicated in the table above overstate the expenses a shareholder would have paid in 2008 since they are based on expenses before reimbursements. During 2008, the Adviser voluntarily agreed to waive an additional 0.13% for the Fixed-Income Fund. Total net operating expenses paid in 2008 after both contractual and voluntary waivers was 0.75% for the Parnassus Fixed-Income Fund. Additional information about the Fund's contractual expense limitation and acquired fund fees is described in the prospectus.

2 Percent based on total net assets as of date indicated. The 10 Largest Holdings and Industry Breakdown represent the diversity of areas in which the fund may invest and may not be representative of the fund's current or future investments.

3 Quality Ratings are derived using Standard & Poor's ("S&P") as the primary ratings source. S&P is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. "U.S. Government/Agency" consists of securities that are issued by the U.S. Treasury or U.S. government agencies. N/R means no rating is available.

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