1 All returns greater than one year are annualized.
2 The inception date for the Parnassus Fund is December
31, 1984. The inception date for the Parnassus Equity Income Fund and Parnassus
Fixed-Income Fund is August 31, 1992. The inception date for the Parnassus Mid-Cap
Fund, Parnassus Small-Cap Fund and Parnassus Workplace Fund is April 29, 2005. The
inception date for the Institutional Shares of the Parnassus Equity Income Fund
is April 28, 2006.
a As described in the Funds current prospectus dated May 1, 2013, Parnassus
Investments has contractually agreed to limit the total operating expenses (exclusive
of acquired fund fees and expenses) to 0.90%, 0.90%, 0.68%, 1.20%, 1.20%, 1.14%,
1.45% and 0.68% of the net assets of the Parnassus Fund, the Parnassus Equity Income
Fund-Investor Shares, the Parnassus Equity Income Fund-Institutional Shares, the
Parnassus Mid-Cap Fund, the Parnassus Small-Cap Fund, the Parnassus Workplace Fund,
Parnassus Asia Fund and the Parnassus Fixed-Income Fund, respectively. These limitations
continue until May 1, 2014, and may be continued indefinitely by the Adviser on
a year-to-year basis.
Performance data quoted represent past performance and are no guarantee of future
returns. All performance assumes reinvestment of dividends and capital gains. Current
performance may be lower or higher than the performance data quoted. Investment
return and principal will fluctuate so that an investor's shares, when redeemed,
may be worth more or less than their original cost.
The Parnassus Equity Income Fund - Institutional Shares were incepted on April 28,
2006. Performance shown prior to the inception of the Institutional Shares reflects
the performance of the Parnassus Equity Income Fund - Investor Shares and includes
expenses that are not applicable to and are higher than those of the Institutional
Prior to May 1, 2004, the Parnassus Fund charged a sales load of a maximum of 3.5%,
which is not reflected in the total return figures. Prior to March 31, 1998, the
Parnassus Equity Income Fund was a balanced fund.