The Parnassus Fund is a diversified, fundamental, U.S., multi-cap, core equity fund.
The Fund invests principally in equity securities of all-capitalizations. The Fund
follows a contrarian strategy of seeking to invest in stocks that are currently
out of favor with the financial community. The Fund seeks to invest in good businesses
with attractive valuations. The Fund avoids investing in companies engaged in the
extraction, exploration, production, manufacturing or refining of fossil fuels;
the Fund may invest in companies that use fossil fuel-based energy to power their
operations or for other purposes. The Fund also takes environmental, social and
governance factors into account in making investment decisions.
The Funds 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.