Our Funds

Parnassus Core Equity Fund - Investor Shares

Asset Allocation as of 12/31/16

Common Stock 97.1% Cash and Other 2.9% *

Ten Largest Holdings1 as of 1/31/2017

Wells Fargo & Co. 4.9%
Danaher Corp. 4.5%
Gilead Sciences Inc. 4.4%
Apple Inc. 4.0%
Charles Schwab Corp. 4.0%
The Walt Disney Co. 4.0%
Praxair Inc. 3.9%
Intel Corp. 3.5%
Allergan plc 3.3%
United Parcel Svc 3.1%
Total 39.6%

Full Monthly Holdings

Sector Weightings2 as of 12/31/16

Short Term Investments Real Estate Telecom Services Information Technology Materials Industrials Health Care Financials Utilities Energy Consumer Staples Consumer Discretionary Short Term Investments Real Estate Telecom Services Information Technology Materials Industrials Health Care Financials Utilities Energy Consumer Staples Consumer Discretionary

1 The Ten Largest Holdings and Full Quarterly Holdings are not taken from the Fund's annual, semiannual or quarterly reports and have not been audited. This holdings information represents the diversity of areas in which the Fund may invest and may not be representative of the Fund's current or future investments.

The Fund may participate in securities lending. The portfolio holdings information provided herein excludes any securities held by the Fund as collateral for securities on loan by the Fund. Complete holdings information, including securities held as collateral for securities on loan, can be obtained in the Funds' most recent annual and semiannual reports as of the date of such report.

2 Percent based on total net assets as of date indicated. The Sector Weightings represent the diversity of areas in which the Fund may invest and may not be representative of the Fund's current or future investments.

Fund industry breakdown, asset allocation and holdings are subject to change and should not be considered a recommendation to buy or sell any securities.

* Percentage of net assets Including cash and cash equivalents, short-term investments, and other assets and liabilities.