Fund Fact Sheet
Parnassus Workplace Fund
a As described in Funds current prospectus dated May 1, 2011, Parnassus
Investments is contractually obliged to limit the total operating expenses to 1.20%
through May 1, 2012, for the Parnassus Workplace Fund, exclusive of acquired fund
fees. This limitation may be continued indefinitely by the Adviser on a year-to-year
basis. Without these fee waivers and/or expense reimbursements, the Fund's returns
would have been lower.
1 All returns greater than one year are annualized.
2 Since inception on April 29, 2005
3 The chart shows the growth in value of a hypothetical
$10,000 investment over the last 10 years and does not reflect the deduction of
taxes a shareholder would pay on fund distributions or the redemption of fund shares.
Performance data quoted represent past performance and are no guarantee of future
returns. All performance assumes reinvestment of dividends and capital gains. The
investment return and principal value of an investment will fluctuate so that an
investor's shares, when redeemed, may be worth more or less than their original
cost.
The Standard & Poors 500 Composite Stock Price Index (also known as "the S&P
500 Index") is a widely recognized index of common stock prices. An individual cannot
invest directly in an index. An index reflects no deductions for fees, expenses
or taxes, but mutual fund returns do.
Common stock prices fluctuate based on changes to a companys financial condition
and on overall market and economic conditions.
This is a "multi-cap" fund. In addition to large-cap companies, the Fund may invest
in small- and/or mid-cap companies, which can be particularly sensitive to changing
economic conditions and have fewer financial resources or the well-established businesses
of large-cap companies. Relative to stocks of large-cap companies, the stocks of
small- and mid-cap companies are often thinly traded, and purchases and sales may
result in higher transaction costs. Also, small-cap companies tend to perform poorly
during times of economic stress. Investment return and principal will fluctuate,
so that an investors shares, when redeemed, may be worth more or less than their
original principal cost.
Returns shown for the Fund do not reflect the declaration of taxes a shareholder
would pay on the fund distributions or redemption of fund shares.