Parnassus Investments

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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.

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offering to investors outside the U.S.