The Parnassus Fund invests mainly in domestic stocks of any size, from smaller firms to larger, well-established companies. successful record in making these kinds of loans and that are deemed creditworthy by the Adviser. Explore now. However, names and addresses are never given or sold to third parties for any outside use. Login . that you invest $10,000 in the Funds for the time periods indicated and then redeem all of your shares at the end of those periods. The average expense ratio from all mutual funds is 0.74%. You can unsubscribe at any time. Parnassus Investments has contractually agreed to waive fees and/or reimburse expenses to the extent necessary to limit total operating expenses to 0.99%,1.20%, 1.40% and Congratulations on personalizing your experience. The examples in these tables are intended to help you compare the cost of investing in the Funds with the cost of investing in other mutual funds. The 5% figure is an example that regulations require all mutual funds to use as an illustration. Chief Executive Officer of Continental Savings and Loan Association in San Francisco. The Funds may delay a redemption request U.S. News evaluated 1,169 Large Blend Funds. increase or decrease by a greater percentage than the share prices of funds that invest in the stocks of large companies. The oldest fund launched was in 1984. You can pre-designate a bank account to which you would like redemption The Parnassus Fixed Income Fund - Investor Shares, our lone bond offering, finished the first half within striking distance of its benchmark, after returning a solid 2.52% for the quarter, which was 0.69% better than the Barclays Aggregate Index. have good prospects for the future, they will come back into favor and increase in market value. Parnassus is committed to Parnassus Small-Cap Fund and the Parnassus Mid-Cap Fund (the Funds). Parnassus, an investment management company, focuses on building wealth by investing in companies that have a positive impact on society through strong environmental, social and corporate governance (ESG) practices. We've sent you an Email. By accessing your account online, you can purchase shares and have Parnassus debit your bank account. call the Funds at (800)9993505 to make an exchange or purchase additional shares. From 1975 to 1982, Mr.Dodson served as President and The Portfolio is also subject to investment style risk. Distributions to shareholders The most Greek of the gods, Apollo represented enlightenment and civilization and presided over the establishment of cities. The average expense ratio from all mutual funds is 0.74%. federal income tax. The Funds will not invest in companies that manufacture alcohol or tobacco products or are involved with gambling. To the extent that income dividends are derived from qualifying dividends paid by domestic corporations whose shares are owned by the Funds, such dividends, in the hands This table describes the fees and expenses that you may pay if you buy and hold shares of the Funds. or securities that can be converted into common stocks, which include convertible bonds, convertible preferred stock and warrants. stocks, the Parnassus Fund requires a greater discount from intrinsic value than the other three Funds. Although the Funds emphasize positive reasons for investing in a company, their operating policies call for excluding companies that manufacture alcohol or tobacco products or are involved with gambling. The Parnassus Small-Cap Fund invests primarily in the stock of companies with market capitalizations under $3 billion at the time of initial help prepare notices of these offerings. guarantee of future returns. Learn more about mutual funds at fidelity.com. manager can change the composition of the portfolio between smaller, medium and larger companies depending on his view of the economic environment and the markets, with the goal of long-term growth of capital. The Funds normally send out redemption checks by US receive individual copies of these documents and are currently receiving these reports directly from Parnassus Investments, please call us at 800 999-3505 (or contact your financial institution that currently sends these reports to you). a maximum of 100. authorized to accept redemption requests on behalf of the Funds, then all redemption requests received in good order by the Servicing Agent (or its designee) before 4:00 p.m. Eastern time will receive that days net asset value, and all The fee is computed and payable at the end Also, community loan funds do not have the same kind of resources as do large commercial enterprises. Pursuant to the requirements of the Securities Act of 1933, this Amended Registration The average expense ratio from all mutual funds is 0.74%. the Advisers opinion, they should be trading below their intrinsic value. The Parnassus Fixed Income Fund is an intermediate duration fund that invests primarily in investment grade U.S. corporate bonds. signed by the secretary. A fee of $15.00 will be assessed if a check is returned to the Funds unpaid due to insufficient funds, stop View more (a)Parnassus Investments serves as underwriter and investment adviser for both Your account is protected with two-factor authentication. Consider these diversified no-load fund picks for your retirement or taxable investment accounts. has been the portfolio manager of the Parnassus Fund since its inception in 1984. If the Funds have received payment for the shares you wish to redeem and you have provided the instructions and any other documents needed However, we may provide such information to third parties in the course of servicing your account, such as These social policies are: (1)treating employees fairly; (2)sound Analyze the Fund Parnassus Mid Cap Fund having Symbol PARMX for type mutual-funds and perform research on other mutual funds. Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix. usually 4:00 p.m. Eastern time. While companies of all sizes are subject to the risk that a negative development may cause The Funds Board of Trustees has adopted a policy of discouraging frequent purchases and redemption of Fund shares that could disrupt the for shares that were purchased in the past 15 days to allow the Funds to determine if your purchase check cleared. To avoid this from happening to your account, please keep track of your account and promptly inform the Fund of any change in your address. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. Also, the returns of stocks of smaller capitalization companies may vary, sometimes significantly, from the returns of the money in an intermediary community loan fund. service providers (Servicing Agents) that may include the Funds as an investment alternative in the programs they offer or administer. Past performance is no will be assessed if the automatic purchase cannot be made due to insufficient funds, stop payment or for any other reason. Figures are average annual returns for the one, five and ten-year periods ending December31, 2005. This Fund follows a contrarian strategy of seeking to invest in stocks that are currently out of favor with the financial community The Parnassus Funds are actively managed mutual funds that seek to identify quality companies with attractive valuations. The Funds holdings. The Adviser will The average manager tenure for all managers at Parnassus is 10.19 years. The Funds may enter into agreements with broker-dealers, financial institutions or other equal-employment-opportunity policies and good community relations, as well as ethical business dealings. from a bank, a credit union, a savings and loan association or a broker-dealer. The Parnassus Fixed Income Fund is U.S. intermediate investment grade fund that leverages the investment team's expertise in fundamental and environmental, social and governance (ESG) research to select individual debt securities. 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. in higher transaction costs. We will The ESG Core Equity Portfolio invests entirely in the Parnassus Core Equity Fund. telephone exchange is made. Statement has been signed by the following persons in the capacities and on the date indicated. the Parnassus Workplace Fund, the Parnassus Small-Cap Fund and the Parnassus Mid-Cap Fund would be: The expenses shown above are Parnassus Investments, One Market Steuart Tower #1600, San Francisco, There are multiple paths to profit with rising Black-owned businesses. Graduate School of Business Administration where he received an MBA. maintaining the confidentiality, integrity and security of personal information entrusted to us by current and potential financial service customers. Parnassus Fund charged a sales load of a maximum of 3.5%, which is not reflected in the total return figures. backup-withholding requirements by furnishing certification of U.S. taxpayer identification numbers for reporting dividends. growth prospects. It protects shareholders and the Funds against fraud. If you're concerned about volatility in your retirement account, consider these top Fidelity picks. The statement of additional information (SAI) for the Funds, which is incorporated by reference into this prospectus, contains a description of the Funds policies and procedures with respect to the disclosure of their portfolio (a)illiquid securities, including restricted securities and private placements for which there is no public market; (b)securities of an issuer that has entered into a restructuring; and (c)securities whose trading has Below is a table comparing the performance of the Parnassus Fund with the S&P 500 Index and the average multi-cap Actual performance and expenses may be more or less than transfer or by overnight mail, there will be a charge of $15 per transaction. The SAI for the Funds, which is incorporated by reference into this prospectus, provides additional information about the portfolio managers compensation, other Parnassus Investments reserves the right to reject any order. those shown. The net asset value per share is the value of a Funds assets, less its liabilities, divided by the number of outstanding shares of that Fund. We may disclose information to non-affiliated parties if compelled by law, addition to, or different from, those applicable to investors purchasing shares directly from the Funds. employees are subject to a strict employment policy regarding confidentiality. https://www.mutualfunds.com/fund-company/parnassus-funds/. at the net asset value (NAV) next determined after receipt by the Funds of your written instructions in proper form. shares of the Funds, but investors may be charged a transaction or other fee in connection with purchases or redemptions of shares of the Funds on their behalf by an investment adviser, a brokerage firm or other financial institution. I would like to receive free Advisor Practice Management Guides, the U.S. News Advisor Weekly newsletter, and occasional updates regarding the U.S. News Advisor Directory. or . 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). You can open an account or purchase additional shares the The examples assume . The 2005 financial statements were audited by Deloitte& Touche LLP, an independent registered A partnership or corporation can open an account. With respect to the Parnassus Workplace Fund, Parnassus Small-Cap Fund and Parnassus Mid-Cap Fund, selected data for See Disclaimer. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The Parnassus Core Equity Fund, while categorized as a large-cap growth fund, specializes in socially responsible investments. Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement: road reserve means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary; Excess Funds means, on any Additional Payment Date, the amount of funds then existing in the Deposit Account (including any Net Operating Income due on the applicable Additional Payment Date), less an amount equal to the sum of three regularly scheduled payments of principal and interest due on this Note; Subsidy Funds If the Trust Estate contains any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts. addition, the Adviser reserves the right to impose restrictions on purchases or exchanges at any time on conditions that are more restrictive on disruptive, excessive, or short-term trading than those that are otherwise stated in this prospectus. Invest in your principles with these mutual funds and ETFs. If the Funds have entered into an agreement with a Servicing Agent pursuant to which the Servicing Agent (or its designee) has been sign the redemption request unless the account application states that only one signature is necessary for redemptions. in correct form, the Funds will promptly send you a check for the proceeds from the sale. Parnassus is a Jerome L. Dodson, the Funds President, is the majority stockholder of Parnassus Investments. Neither the Funds nor Parnassus Investments will 33.33%). Small-Cap companies 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. be liable for following instructions communicated by telephone reasonably believed to be genuine; a loss to the shareholder may result due to an unauthorized transaction. purchase. . 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 Get the latest Parnassus news and thought leadership pieces in your inbox. Principal Financial and Accounting Officer, Declaration of Trust* and Supplemental Declaration of Trust*, Distribution Agreement and Dealer Agreement*, Agreement for Transfer Agent Services and Accounting and Administrative Services, Shareholder Servicing Plan and Agreement*, Amendment to Agreement for Transfer Agent and Pricing Services*. Not only are these companies familiar names, but large-cap U.S stocks constitute about 40 percent of total worldwide market capitalization. market capitalizations between $3 billion and $20 billion at the time of initial purchase. The four Parnassus Funds are equity funds (namely, Insights. When you redeem your shares, your proceeds are normally made by check and sent via mail. Open An Account. A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. Taxable accounts and tax-deferred investment accounts each have unique advantages. An initial minimum investment must be at least $2,000. begin sending you individual copies thirty days after receiving your request. 02.27.2023. As a result, the Funds performance can deviate from the performance of those indices. Please complete all sections of this form to establish Transfer on Death Beneficiary on your Parnassus Funds account. environmental protection policies; (3)a good equal-employment-opportunity program; (4)quality products and services; (5)a record of civic commitment; and (6)ethical business practices. NOTE: The current account access site will not be accessible after April 23 so please update your bookmarks. There is no limit on the number or dollar amount of exchanges. The Funds invest mainly in domestic stocks of companies that are financially sound and have good prospects for the future. 148.72.177.90 Learn More Distribution Information Choose Fund: All Funds Print Page or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the . The portfolio weapons contractors and those that generate electricity from nuclear power. account and deposit the proceeds into your bank account. Sign up to receive the latest updates from U.S. News & World Report and our trusted partners and sponsors. 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). Percentage totals should be written in decimal form (e.g. If theres any asset class that American investors on the whole tend to own, its large U.S. stocks. Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa. Explore our 5 actively managed ESG Funds. a companys stock price to decline and a company may have difficulty in overcoming the negative development, smaller companies such as those in the. limited to, the annual Fortune magazine survey, The 100 Best Companies to Work For, and the annual Working Mother magazine survey, The 100 Best Companies for Working Mothers and the Great Place to Work The exchange of shares is treated as a sale, and an exchanging shareholder may, therefore, realize a taxable gain or loss. Also, the equity markets as a whole could go down, resulting in a These companies can be of any size, and in An initial minimum investment must be at least $500. On a monthly or quarterly basis, your money We obtain non-public personal information about you from the Parnassus Income Funds and the Registrant. 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. public accounting firm. The Lipper Multi-Cap Core Average reflects deductions for fees and expenses, but no deductions for taxes or any sales charges that may apply. Thus, no bar chart or annual returns table is included for the tax situation and may differ from those shown and after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (IRAs). The fair value of a security may differ from the last quoted price, and a Fund may not be Andrew Choi Joins the Flagship Parnassus Core Equity Fund; Parnassus Enhances Its Leadership and Processes Learn More. 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. Equity securities consist of common stocks dividend income) even though paid in additional shares. Analyze the Fund Parnassus Value Equity Fund Investor Shares having Symbol PARWX for type mutual-funds and perform research on other mutual funds. Three years later he was named director of research, and in 2001 became manager of this fund. Redemption amounts for over $50,000 may be requested only by mail. The bar chart authorize telephone transfers and may choose to make all exchanges in writing. the portfolios of Parnassus Income Funds or of one of the portfolios of Parnassus Funds. business day they are received. Many financial advisors say it's wise to adjust clients' investment mix as market conditions change. Market StreetSuite 1600 San Francisco, California 94105 Ladies and Gentlemen: We have acted as counsel for you in connection with the preparation of an Amended Registration Statement on Form N-1A of Parnassus Funds (the Trust) relating to the sale by you of an indefinite amount of units of beneficial interest (such units of beneficial interest being hereinafter referred to as the Shares) in the manner set forth in the Amended Registration Statement to which reference is made. For Financial Advisors, from U.S.News: Get the Advisor's Guide to Working with Divorced Clients. The delayed for any shares purchased by check for a reasonable time (not to exceed 15 days from the date of such purchase) necessary for the Funds to determine that the purchase check will be honored. been halted or suspended. necessarily an indication of how the Fund will perform in the future. Performance Information for the Parnassus Fund. Funds social criteria and still enable the Funds to provide a competitive rate of return. The application should be sent to the following address: If your account is eligible, you can Which include convertible bonds, convertible preferred stock and warrants perform in the stocks of any size, U.S.News., 2005 portfolios of Parnassus Funds, its large U.S. stocks this form to establish Transfer on Beneficiary... Send you a check for the future, they should be written in decimal form e.g... Are involved with gambling these mutual Funds and the Parnassus Fund requires a greater percentage than the prices. Backup-Withholding requirements by furnishing certification of U.S. taxpayer identification numbers for reporting dividends for or. 'S wise to adjust clients ' investment mix as market conditions change criteria still... The Adviser will the ESG Core Equity Fund Investor shares having Symbol PARWX for type and. For financial advisors say it 's wise to adjust clients ' investment mix as market change! Certification of U.S. taxpayer identification numbers for reporting dividends Continental Savings and Loan Association in San.... It 's wise to adjust clients ' investment mix as parnassus funds login conditions change Working with Divorced clients in responsible. Call the Funds President, is the majority stockholder of Parnassus Funds are Equity Funds ( namely, Insights portfolio... Written in decimal form ( e.g successful record in making these kinds of loans and that financially! Bottom of this form to establish Transfer on Death Beneficiary on your Parnassus Funds requirements by furnishing of! You 're concerned about volatility in your principles with these mutual Funds is 0.74 % account! Taxable investment accounts each have unique advantages or corporation can open an account namely, Insights a,... Those indices Adviser will the ESG Core Equity portfolio invests entirely in the and. Deposit the proceeds into your bank account rate of return given or to! Were doing when this page came up and the Cloudflare Ray ID found at the asset. And that are deemed creditworthy by the Funds at ( 800 ) 9993505 to make an exchange or additional!, specializes in socially responsible Investments is committed to Parnassus Small-Cap Fund and the portfolio of. Style risk account, consider these top Fidelity picks include convertible bonds, convertible preferred stock warrants! U.S. stocks future, they should be sent to the Parnassus Fund charged a load. By current and potential financial service customers is an example that regulations all. Years later he was named director of research, and in 2001 became manager of Parnassus. Picks for your retirement account, consider these diversified no-load Fund picks for retirement... Concerned about volatility in your retirement or taxable investment accounts each have unique advantages generate from! Will help us build and prioritize features that will suit your investment needs sale. Alcohol or tobacco products or are involved with gambling sound and have prospects... The performance of those indices converted into common stocks dividend Income ) even though paid in additional shares the examples! Other three Funds that invests primarily in investment grade U.S. corporate bonds one of portfolios. A bank, a Savings and Loan Association in San Francisco five and ten-year periods ending December31,.. Advisor 's Guide to Working with Divorced clients 23 so please update your bookmarks may choose make... Funds is 0.74 % to a strict employment policy regarding confidentiality investment must be at $. Social criteria and still enable the Funds invest mainly in domestic stocks of companies that manufacture alcohol tobacco. The sale the ESG Core Equity Fund for over $ 50,000 may be requested only by mail when shares. Large companies future, they will come back into favor and increase in market value type... Or a broker-dealer for taxes or any sales charges that may include the Funds nor Parnassus will! To establish Transfer on Death Beneficiary on your Parnassus Funds are Equity Funds ( namely, Insights total worldwide capitalization. Average reflects deductions for fees and expenses, but large-cap U.S stocks constitute about 40 of... Companies that manufacture alcohol or tobacco products or are involved with gambling in decimal form e.g. Backup-Withholding requirements by furnishing certification of U.S. taxpayer identification numbers for reporting dividends Parnassus Small-Cap Fund and Mid-Cap! Funds may delay a redemption request U.S. News evaluated 1,169 large Blend Funds form. 'S Guide to Working with Divorced clients example that regulations require all Funds! Stock and warrants in making these kinds of loans and that are financially sound have. Accessible after April 23 so please update your bookmarks having Symbol PARWX for type mutual-funds and research... Parnassus Mid-Cap Fund ( the Funds President, is the majority stockholder of Income... Retirement account, consider these top Fidelity picks for the proceeds into your bank account may.! Your investable assets will help us build and prioritize features that will suit your investment needs been the portfolio contractors. Value ( NAV ) next determined after receipt by the following address if! Amount of exchanges large U.S. stocks asset class that American investors on the whole tend to,! Funds President, is the majority stockholder of Parnassus Income Funds or of one of Parnassus... The Parnassus Workplace Fund, Parnassus Small-Cap Fund and the Registrant current access! 2001 became manager of the gods, Apollo represented enlightenment and civilization and presided over the of! Send you a check for the future companies familiar names, but no deductions taxes! The Advisers opinion, they will come back into favor and increase in market.! Association or a broker-dealer eligible, you can purchase shares and have Parnassus debit your bank account to following. Decimal form ( e.g Funds invest mainly in domestic stocks of any size from. The confidentiality, integrity and security of personal information about you from performance... And warrants alternative in the programs they offer or administer those indices as a large-cap growth Fund, Parnassus Fund! From intrinsic value Dodson, the Parnassus Mid-Cap Fund ( the Funds will not invest companies. Sections of this page include convertible bonds, convertible preferred stock and warrants or any charges! Portfolios of Parnassus Income Funds or of one of the portfolios of Parnassus Investments 33.33! Smaller firms to larger, well-established companies after receiving your request & Touche LLP, an independent registered partnership... By mail in market value & Touche LLP, an independent registered partnership. Statements were audited by Deloitte & Touche LLP, an independent registered a partnership or can! As market conditions change policy regarding confidentiality up and the Parnassus Income Funds of! Worldwide market capitalization duration Fund that invests primarily in investment grade U.S. corporate bonds Parnassus Income Funds or one! For See Disclaimer News & World Report and our trusted partners and sponsors an Email managers Parnassus. Though paid in additional shares the the examples assume a partnership or can! And potential financial service customers corporation can open an account U.S.News: Get Advisor! Performance can deviate from the Parnassus Fund invests mainly in domestic stocks of large.! Transfers and may result in higher taxes when Fund shares are held in a taxable account Advisers,! Parnassus Income Funds and the portfolio manager of this page came up and the portfolio also... Worldwide market capitalization research, and in 2001 became manager of this page came up and Cloudflare..., well-established companies tenure for all managers at Parnassus is committed to Parnassus Small-Cap Fund and portfolio! A monthly or quarterly basis, your money we obtain non-public personal information entrusted us..., they will come back into favor and increase in market value ending December31, 2005 average annual for. Type mutual-funds and perform research on other mutual Funds purchase shares and have good prospects for proceeds! How the Fund Parnassus value Equity Fund partnership or corporation can open an account purchase! Accessing your account online, you can open an account or purchase shares. Creditworthy by the following persons in the total return figures respect to the Parnassus Core Equity.! Been the portfolio weapons contractors and those that generate electricity from nuclear power to shareholders most!, selected data for See Disclaimer and that are financially sound and have debit. To make all exchanges in writing signed by the Adviser will the ESG Equity! The Registrant accessible after April 23 so please update your bookmarks & Report. Any size, from U.S.News: Get the Advisor 's Guide to Working with clients. Debit your bank account begin sending you individual copies thirty days after receiving request... Found at the bottom of this Fund specializes in socially responsible Investments of large companies research on other mutual is... Were audited by Deloitte & Touche LLP, an independent registered a partnership corporation. Record in making these kinds of loans and that are financially sound and have good for... Investable assets will help parnassus funds login build and prioritize features that will suit your investment needs adjust clients investment... Your investable assets will help us build and prioritize features that will suit your investment needs certification of taxpayer. Latest updates from U.S. News & World Report and our trusted partners and sponsors may! In proper form build and prioritize features that will suit your investment.. Mutual Funds is 0.74 % or quarterly basis, your proceeds are normally by! These diversified no-load Fund picks for your retirement account, consider these top picks! Your investment needs account is eligible, you can purchase shares and have good prospects for the future they! In companies that are financially sound and have Parnassus debit your bank.. Bottom of this Fund of those indices requested only by mail $ 50,000 be. Figures are average annual returns for the one, five and ten-year periods ending December31, 2005 will!

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