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Samantha Palm named Portfolio Manager of the Parnassus Fixed-Income Fund

San Francisco, California – May 1, 2013

Effective May 1, 2013, Samantha D. Palm will manage the Parnassus Fixed-Income Fund. Based on the growth of assets in the Fund, the firm has decided to transition the portfolio manager position to Ms. Palm, who brings a wealth of knowledge of fixed-income to the role. “During our extensive interview process, Samantha impressed us with her enthusiasm, team-orientation and deep understanding of fixed-income markets. I’m delighted that Samantha chose to join the firm, and confident that she’ll do a great job managing the Parnassus Fixed-Income Fund,” said Benjamin E. Allen, Director of Research. When asked about her new role, Ms. Palm replied, “I’m thrilled to join Parnassus Investments and am honored to be a part of such a highly-regarded and focused team. I’m also looking forward to serving and creating value for shareholders in my new role.” As of March 31, 2013, assets under management for the Parnassus Fixed-Income Fund have grown to $213.09MM.

Samantha D. Palm is the Portfolio Manager of the Parnassus Fixed-Income Fund. She joined Parnassus Investments in 2013. Prior to joining the firm, she was a Vice President within Wells Fargo Securities’ fixed income group. Previously, Ms. Palm was at Robert W. Baird & Co. where she was an equity research analyst. Ms. Palm graduated with honors from the University of Wisconsin with a bachelor’s degree in agricultural and applied economics.

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Media Relations
Vidya Nathu
Parnassus Investments
P: (415) 778-2634