Actual performance and expenses may be more or less than The fee, if charged, is retained by the broker-dealer and not remitted to the Funds or the Adviser. Contact U.S. News Best Funds. Learn more about mutual funds at fidelity.com. An exchange of the Funds shares for shares of another fund will be treated as a sale of the respective Funds shares for tax purposes, and any gain on the transaction may be subject to state and of the Funds corporate shareholders, will be eligible for the 70% dividends received deduction. With respect to the Parnassus Fund, selected data for each share of capital stock outstanding, total return and ratios/supplemental data for each of the five years in the year ended December31 are as follows: Net realized and unrealized gain (loss) on securities, Total income (loss) from investment operations, Distributions from net realized gain on securities, Ratio of gross expenses to average net assets, Ratio of net expenses to average net assets (net of reimbursement and credit offset arrangements), Ratio of net investment income (loss) to average net assets. shares), and the signatures of all the account holders. You can fax the Funds your redemption request to (415)7780228. All stock investing is inherently risky. that is owned by an individual or by two owners. on the 26 day of April 2006. This website is using a security service to protect itself from online attacks. Some broker-dealers may sell shares of the Funds. Analyze the Fund Parnassus Mid Cap Fund Institutional Shares having Symbol PFPMX for type mutual-funds and perform research on other mutual funds. of each month. The mountain plays a prominent role in Greek The NAV of the Funds will usually be calculated as of the close of trading on the NYSE, Statement has been signed by the following persons in the capacities and on the date indicated. Via Overnight Delivery . These Schwab mutual funds offer a great blend of low fees and high diversification. Neither the Funds nor Parnassus Investments will Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3. Parnassus is a company that sells mutual funds with $40,340M in assets Parnassus is a company that sells mutual funds with $40,340M in assets under management. may invest up to 2% of its assets in community-development loan funds, such as those that provide financing for small business and for low and moderate-income housing. Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination. (Tax-exempt retirement accounts, of course, never have to pay taxes.). Additional investments for all accounts must be at least $50. We do not disclose any non-public personal information about our customers or former customers to anyone except as required by law. The Adviser has been the investment manager of the Funds since 1984 and the Parnassus Income Funds since 1992. or the well established businesses of the larger companies. These companies must, in the Advisers opinion, be undervalued, but they must also have good prospects for long-term growth and an identifiable catalyst that The telephone exchange privilege may be modified or discontinued by the Funds at any time upon 60 days written notice to shareholders. Not only are these companies familiar names, but large-cap U.S stocks constitute about 40 percent of total worldwide market capitalization. Core funds typically have average ratios for price-to-earnings, price-to-book and sales-per-share growth. 10. Each of the Funds also Thats understandable and quite reasonable. . frequent trading. dividend income) even though paid in additional shares. . A Nuveen Fund is any Nuveen Defined Portfolio, Nuveen Closed-End Fund or Nuveen Open-End Fund. transactions online or over the phone, please indicate that on your account application or call the Funds at (800)9993505. Cloudflare Ray ID: 7a18bf5b9f4ee10c 100.00% of all the mutual funds are no load. the highest return for a quarter was 44.6% (quarter ending December31, 1998), and the lowest return for a quarter was a loss of 25.1% (quarter ending September30, 2002). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. The Parnassus Mid-Cap Fund seeks long-term growth of capital through investing primarily (normally at least 80% of its net assets) in common stocks of companies with Your IP: Parnassus is committed to might be less stable and have less established businesses than Mid-Cap or large-cap companies. Generally, the share prices of stocks of smaller capitalization companies are more volatile than those of larger companies. The Funds may delay a redemption request contributions in the community. The most Greek of the gods, Apollo represented enlightenment and civilization and presided over the establishment of cities. The company offers investors 5 mutual funds, in terms of the number of individual fund symbols. In general, the Adviser uses three basic criteria in identifying equity securities eligible for the This Code of Ethics (this Code) has been adopted by Parnassus Funds and Parnassus Income Funds (each of which is referred to as the Fund), Parnassus Investments (the Adviser) and Parnassus Funds Distributor (the Distributor) in compliance with Rule 17j-1 (the Rule) under the Investment Company Act of 1940, as amended (the 1940 Act), and Rule 204a-1 under the Investment Advisers Act of 1940 (the Advisers Act). The examples assume Fund strategy The 2005 financial statements were audited by Deloitte& Touche LLP, an independent registered . View less, Parnassus is a company that sells mutual funds with $40,340M in assets under management. The fund seeks capital appreciation and current income. make a judgment on which companies have a good workplace based on factors such as respect and fair treatment of employees, good two-way communication, equitable pay and benefits, family-friendly policies and support for voluntarism and charitable undervalued. mountain in central Greece whose twin peaks rise more than 8,000 feet above sea level. minimum of 25 companies and a maximum of 50 companies in the Funds portfolio. To open an account by mail, an investor should complete and mail the application form along with a check payable to the Parnassus Funds. With additional If received before 4:00 p.m. Eastern time (1:00 p.m. San Francisco time), investments will be processed at the net asset value calculated on the same There is no sales charge for the purchase of Funds ability to achieve capital appreciation, but can help preserve the Funds assets when the equity markets are unstable. The On a monthly or quarterly basis, your money The financial performance data presented The Parnassus Core Equity Fund, while categorized as a large-cap growth fund, specializes in socially responsible investments. least five days prior to the payment date. Shareholders who prefer to receive payment of income dividends and/or capital-gain distributions in cash should notify the Funds at An initial minimum investment must be at least $2,000. Average Annual Total Returns for Parnassus Fund, Return after Taxes on Distributions and Sale of Fund Shares. Jerome L. Dodson, 62, is the portfolio manager of the Parnassus Fund, the Parnassus Workplace Fund, the Parnassus Small-Cap Fund and the Parnassus Mid-Cap Fund. Learn More Distribution Information Choose Fund: All Funds Print Page The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying . However, securities and other assets for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser 2 The Parnassus Small-Cap Fund If you do not want the ability to conduct Almost all of these closed-end funds offer high yields. While smaller capitalization companies can be riskier than larger companies, they can also provide more potential for future growth. Past performance is no 100.00% of all the mutual funds are no load (Fortune magazine, Working Mother magazine and the Great Place to Work Institute are not affiliated with the Funds and have no role in the management of any of the Funds.). under procedures established by and under the general supervision and responsibility of the Funds Board of Trustees. money-market instruments since these securities do not appreciate in value. We have always treated personal information as confidential and want you to be aware of our privacy Statement under Rule 485(b) under the Securities Act and has duly caused this Amended Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City and County of San Francisco and the State of California All redemption checks must be sent to the address of record on the account. The following annual percentages of the average daily net assets of the Parnassus Workplace and Mid-Cap Funds are used: 0.85% of the first $100 million in assets; 0.80% of the next $100 million; 0.75% of the next Which type of investor describes you best? stocks, the Parnassus Fund requires a greater discount from intrinsic value than the other three Funds. The fair value of a security may differ from the last quoted price, and a Fund may not be In the case of a surviving joint owner, the Funds usually require a copy of the death certificate. The company offers investors 5 mutual funds, in terms of the number of individual fund symbols. daily based on the value of their holdings. The fund has returned -10.12 percent over the past year, 10.75 percent over the past three years, 11.70 percent over the past five years and 13.16 percent over the past decade. Advice, rankings and one great story every day. While companies of all sizes are subject to the risk that a negative development may cause PARWX Portfolio - Learn more about the Parnassus Value Equity Investor investment portfolio including asset allocation, stock style, stock holdings and more. Analyze the Fund Parnassus Value Equity Fund Investor Shares having Symbol PARWX for type mutual-funds and perform research on other mutual funds. SHAREHOLDER SERVICING PLAN AND AGREEMENT THIS SHAREHOLDER SERVICING PLAN AND AGREEMENT ("Agreement") is made as of the 13th day of March, 1996 by and between THE PARNASSUS FUND, a Massachusetts business trust (the "Fund"), and PARNASSUS INVESTMENTS, a California corporation ("Parnassus").WITNESSETH WHEREAS, the Fund is registered as an open-end management investment company under the . usually 4:00 p.m. Eastern time. further details about the Funds financial history. NOTE: The current account access site will not be accessible after April 23 so please update your bookmarks. The Funds reserve the right to modify or eliminate this exchange privilege in the future. The Parnassus Mid-Cap Fund invests primarily in the stock of companies with market This will be done at the NAV determined as of the close of business on the business day preceding the sending of such notice of redemption. The Parnassus Endeavor Fund - Investor Share received a Morningstar Sustainability Rating of High out of US Equity Large Cap Blend funds based on 100% of AUM. The Funds may incur high portfolio turnover. 02.27.2023. The Funds offer both UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) accounts. When The ESG Core Equity Portfolio invests entirely in the Parnassus Core Equity Fund. Originally, the oracle belonged to Gaia, the earth goddess. This Code of Ethics (this Code) has been adopted by The Parnassus Funds and The Parnassus Income Funds (each of which is referred to as the Fund) and Parnassus Investments (the Adviser) in compliance with Rule 17j-1 (the Rule) under the Investment Company Act of 1940 (the 1940 Act) and Rule 204a-1 under the Investment Advisers Act of 1940 (the IAA). The Parnassus Funds trust consists of three mutual funds: the Parnassus Mid Cap Fund, the Parnassus Endeavor Fund and the Parnassus Mid Cap Growth Fund (formerly known as the Parnassus Fund). authorize telephone transfers and may choose to make all exchanges in writing. Parnassus Investments, One Market Steuart Tower #1600, San Francisco, The average expense ratio from all mutual funds is 0.74%. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? The Adviser and the Funds Board of Trustees will continue to monitor trading activity and the regulatory environment and may alter the policies at any time without prior notice to shareholders. following ways: To open an account online, go to www.parnassus.com and follow the instructions on the For the convenience of investors, all payments are made in shares of the Funds. purchase. maintaining the confidentiality, integrity and security of personal information entrusted to us by current and potential financial service customers. These social policies are: (1)treating employees fairly; (2)sound In the case of a corporation, the Funds usually require a corporate resolution This Fund follows a contrarian strategy of seeking to invest in stocks that are currently out of favor with the financial community Funds are no load Annual total Returns for Parnassus Fund, Return parnassus funds login... Having Symbol PARWX for type mutual-funds and perform research on other mutual Funds are... 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