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 Managers | Todd Ahlsten, Benjamin Allen |
| Manager Tenure |
Since 5/2001 (Ahlsten); Since 5/2007 (Allen) |
| Income Dividend Frequency |
Monthly |
| Minimum Investment |
$2,000 |
| Fund Stats 3/31/08 |
| Expense Ratio |
0.88% 1 |
| Load |
None |
| Net Assets |
$87.0MM |
| Number of Long-Term Holdings |
26 |
| Yield (30-day SEC yield as of 4/30/08) |
2.50% |
| Portfolio Turnover |
2.6% |
| Industry Breakdown 3/31/08 2 |
 |
| Asset Allocation 3/31/08 |
 |
 |
Common Stocks 1.5% |
 |
Convertible Bonds 4.5% |
 |
Corporate Bonds 19.8% |
 |
US Gov't/Agency Bonds 31.1% |
 |
Short Term Securities & Other Assets and Liabilities 43.1% |
| |
| 10 Largest Holdings 4/30/2008 2 |
| 1.
Fannie Mae |
9.1%
|
| 2.
Federal Farm Credit |
3.5%
|
| 3.
Genentech Inc. |
3.3%
|
| 4.
Cisco Systems Inc. |
3.2%
|
| 5.
Federal Home Loan Bk |
2.3%
|
| 6.
Fannie Mae |
2.3%
|
| 7.
Freddie Mac |
2.3%
|
| 8.
Merrill Lynch & Co., |
2.2%
|
| 9.
Wells Fargo & Co. |
2.2%
|
| 10.
American Express Co. |
2.2%
|
| Full Quarterly Holdings |
| Quality Ratings 03/31/08 3 |
| U.S. Gov't/Agency & AAA |
66.9% |
| AA |
8.8% |
| A |
12.6% |
| BBB |
1.8% |
| BB |
- |
| B |
- |
| Below B |
- |
| Not Rated/Not Available |
9.9% |
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. 1 The
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, 2007, Parnassus
Investments has contractually agreed to limit the total operating expenses to 0.87%
of net assets, exclusive of acquired fund fees, through April 30, 2008. The "Total
Annual Fund Operating Expenses" for the Fixed-Income Fund indicated in the table
above overstate the expenses a shareholder would have paid in 2006 since they are
based on expenses before reimbursements. During 2006, the Adviser voluntarily agreed
to waive an additional 0.12% for the Fixed-Income Fund. Total net operating expenses
paid in 2006 after both contractual and voluntary waivers was 0.75% for the 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.