Our Firm

Parnassus Fund Team Nominated for Morningstar’s 2016 U.S. Domestic-Stock Fund Manager of the Year

SAN FRANCISCO, CA, January 24, 2017

Parnassus Investments is pleased to announce that the portfolio management team for the Parnassus Fund (PARNX), which includes Jerome L. Dodson, Ian Sexsmith, CFA and Robert J. Klaber, has been nominated for the Morningstar 2016 U.S. Domestic-Stock Fund Manager of the Year.

“This year’s crop of nominees not only managed to deliver strong returns to shareholders, but did so the right way—by sticking to their fundamental investing approach through thick and thin,” observed Laura Pavlenko Lutton, Morningstar’s director of manager research, North America. “During their long and distinguished tenures, these managers have exhibited the discipline and skill that successful investing demands. We think those same qualities, coupled with a strong commitment to shareholders, should pave the way to future success as well.”

Parnassus Investments founder and CEO Jerome L. Dodson commented that Parnassus is “honored to be nominated by Morningstar for this distinguished award. I am also pleased to share this nomination with a great team that works tirelessly to manage the Parnassus Fund. We’ve been singularly focused on building wealth in a socially responsible manner for our clients for more than 30 years and will continue to do so going forward. The track record of the Parnassus Fund shows it is possible to create portfolios of companies with strong fundamentals that also contribute positively to society.”

“Morningstar is the gold standard when it comes to financial research, and we appreciate Morningstar’s recognition of our steadfast focus on finding good companies with great performance opportunities,” added Mr. Sexsmith.

More information on Morningstar’s 2016 U.S. Fund Manager of the Year Awards can be found here. Details about the Parnassus Fund are available here.

About Parnassus Investments

Founded in 1984, Parnassus Investments is a pioneer in socially responsible investments. Based in San Francisco, the firm invests responsibly to build wealth for its clients by selecting businesses that the investment team believes have increasingly relevant products or services, sustainable competitive advantages and quality management teams for their high conviction portfolios. Every investment must meet rigorous fundamental and environmental, social and governance (ESG) criteria.

Mutual fund investing involves risk, and loss of principal is possible.