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. The Parnassus Fund follows a For further information, call and investing in the Funds is no exception. Mr.Dodson is the President and a Trustee of the Funds, and is also President of Parnassus Investments. will be assessed if the automatic purchase cannot be made due to insufficient funds, stop payment or for any other reason. Legend has it that Python, an enormous serpent raised in the caves of Mt. Advice, rankings and one great story every day. in correct form, the Funds will promptly send you a check for the proceeds from the sale. Steuart Tower #1600, San Francisco, California 94105, acts as investment adviser to the Funds, subject to the control of the Funds Board of Trustees, and as such, supervises and arranges the purchase and sale of securities held in the all cap fund in that it can invest in companies of any size, from larger, well-established companies to smaller companies with market capitalizations below $1 billion. Open An Account. The oldest fund launched was in 1984. 148.72.177.90 Parnassus, controlled the site of Delphi. PARWX Performance - Review the performance history of the Parnassus Value Equity Investor fund to see it's current status, yearly returns, and dividend history. exchange privilege is only available in states where the exchange may be legally made. To access your account through the new site on or after April 26, please visit www.parnassus.com and click Login at the top of the page. (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.). sizes without concentrating on one particular range of market capitalization. Explore our funds. https://www.mutualfunds.com/fund-company/parnassus-funds/. The Adviser seeks to find smaller companies that have excellent, long-term growth prospects. 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. Consequently, Small-Cap companies must have the potential for higher growth than Mid-Cap companies to meet the Advisers investment criteria. Nuveen Fund means any fund for which a Nuveen Subsidiary serves as the investment adviser and for which Nuveen Investments, LLC serves as a principal underwriter or as a member of the underwriting syndicate. 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 The Funds will give shareholders whose shares are being redeemed 60 days prior written (800)9993505 if you have any questions about requirements for redeeming your shares. Legally, shareholders may redeem at any time, but the Adviser recommends a minimum three-year holding period. Learn More Distribution Information Choose Fund: All Funds Print Page Standard Account Forms. If you do not want the ability to conduct The Parnassus Small-Cap Fund invests primarily in the stock of companies with market capitalizations under $3 billion at the time of initial 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. The Funds reserve the right to reject any purchase or exchange transaction at any time. capitalizations between $3 billion and $20 billion at the time of initial purchase. RADiENT dramatically simplifies identifying and analyzing funds, researching investment advisers and creating portfolios. If the Servicing Agent does not, or if it does not pay the purchase price to the Funds within the period specified in its agreement with the Funds, it may be held liable for any resulting fees or losses. If you wish to . Thus, the Parnassus Small-Cap Funds share price may You can elect this option by filling out the PAIP section on the new account form. Shareholders who elect to use telephone transfer privileges must so indicate on the successful record in making these kinds of loans and that are deemed creditworthy by the Adviser. Agents, please carefully review the program materials provided to you by the Servicing Agent. Your account is protected with two-factor authentication. The social criteria of the Funds limit the availability of investment opportunities. The Funds will not invest in companies that manufacture alcohol or tobacco products or are involved with gambling. The Parnassus Core Equity Fund, while categorized as a large-cap growth fund, specializes in socially responsible investments. 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. It protects shareholders and the Funds against fraud. Until the Parnassus Workplace Fund reaches $10 million in assets, it is the Advisers intent to maintain a in higher transaction costs. Smaller capitalization companies tend to perform poorly during times of economic stress. Changes in economic or political conditions, both domestic and international, may result in a decline in value of the Funds investments. The Parnassus Small-Cap Fund seeks long-term growth of capital through investing primarily Also, community loan funds do not have the same kind of resources as do large commercial enterprises. Upon initial investment, stocks must be trading below their intrinsic value as calculated by the Adviser. The Funds The fee is computed and payable at the end Contact the Funds by phone at Username. Cloudflare Ray ID: 7a18bf5b9f4ee10c Parnassus is a company that sells mutual funds with $40,340M in assets under management. The Awarded Vendor will be responsible for the management of the photo ID badges. However, we may provide such information to third parties in the course of servicing your account, such as Impact investing, the strategic arm of values-based investing, is taking hold on Wall Street. 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 Jerome L. Dodson, the Funds President, is the majority stockholder of Parnassus Investments. The Funds normally send out redemption checks by US backup-withholding requirements by furnishing certification of U.S. taxpayer identification numbers for reporting dividends. 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. individuals. payment or for any other reason. The Adviser expects that if these undervalued companies are financially strong and An initial minimum investment must be at least $2,000. 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. Any net, long-term capital gains (capital-gain distributions) distributed to shareholders are taxable as such. We will Please be sure to include your account number, the amount of your redemption (dollars or It should not be considered a representation of past or future performance. Insights. required to pay taxes on any amount paid to them. The Fund's share price may change daily based on the value of its security holdings. LLP, 50 Fremont Street, San Francisco, California 94105, has been selected as the Funds independent registered public accountants. This Fund follows a contrarian strategy of seeking to invest in stocks that are currently out of favor with the financial community Past performance is no The average expense ratio from all mutual funds is 0.74%. If you want fixed-income investments, these bond funds lead the list. The NAV of the Funds will usually be calculated as of the close of trading on the NYSE, The company offers investors 5 mutual funds, in terms of the number of individual fund symbols. Generally, the share prices of stocks of smaller capitalization companies are more volatile than those of larger companies. The Parnassus Fund return before taxes Finally, relative to large company stocks, the stocks of smaller capitalization companies are thinly traded, and purchases and sales may result The Funds Board of Trustees has adopted a policy of discouraging frequent purchases and redemption of Fund shares that could disrupt the Servicing agents may: If you decide to purchase shares through Servicing When you redeem your shares, your proceeds are normally made by check and sent via mail. telephone exchange is made. Lead manager ToddAhlsten joined Parnassus Investments in 1995 as a research analyst. The Funds offer both UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) accounts. 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. You can have the Funds automatically redeem, on a periodic basis, a set amount from your mythology because on its southern slope, overlooking the Gulf of Corinth, lies Delphi, site of the famous oracle. The Funds may incur high portfolio turnover. Parnassus Investments has over 35 years of experience in responsible investing. Surplus Fund means the fund by that name established pursuant to the Second Resolution. Define Parnassus Funds. accounts managed by the portfolio managers and the portfolio managers ownership of securities in the Funds. A notary public cannot provide a signature guarantee. Parnassus Workplace Fund seeks long-term growth of capital through investing primarily (normally at least 80% of its net assets) in common stocks of companies that the Adviser considers to have good workplaces for their employees. For the Parnassus Workplace Fund, the Parnassus Small-Cap You can unsubscribe at any time. The 5% figure is an example that regulations require all mutual funds to use as an illustration. The NYSE is closed on national holidays and Good Friday. Wiring funds will require a signature guarantee unless wiring instructions were previously filed with the 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 . least five days prior to the payment date. All owners of the account must must redeem your shares through the Servicing Agent. The (a)Parnassus Investments serves as underwriter and investment adviser for both portfolio turnover necessarily results in correspondingly greater transaction costs (such as brokerage commissions or markups or markdowns) which the Funds must pay and increased realized gains (or losses) to investors. Income dividends and capital-gain distributions will usually be paid once a year, and they We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your non-public personal information. Get Started Here. This limitation continues until May1, 2007. Use of this website constitutes acceptance of the Best Funds Terms and Conditions of Use. the Advisor is available in the Funds most recent semiannual report to shareholders for the semi-annual period ending June30. 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). . all categories, but the Adviser makes value judgments in deciding which companies best meet the criteria. . Percentage totals should be written in decimal form (e.g. After the Parnassus Workplace Fund reaches $10 million in assets, it is the Advisers intent to have a minimum of 50 companies in the Funds portfolio and All investments involve risk $300 million and 0.70% of the amount above $500 million. Actual performance and expenses may be more or less than Also, the returns of stocks of smaller capitalization companies may vary, sometimes significantly, from the returns of the Version 5.4 Gordon Associates 2002-2020. Parnassus is a company that sells mutual funds with $40,340M in assets Parnassus Core Equity Fund has an expense ratio of 0.82 percent. There were many oracles in ancient Greece, but only the one at Delphi achieved a record of This is a logon page for authorized access to the website. The Adviser may be wrong in its assessment of a companys value and the For limitations on frequent trading in the Parnassus Funds, see item 8(h) below. The oldest fund launched was in 1984. guarantee of future returns. How the Parnassus Fund performed in the past (before and after taxes) is not For a $15 fee, you can have redemption proceeds wired to your account in one business day. Depending on the type of account, you may make shareholder transactions online or over the phone. Parnassus Investments on Facebook Parnassus Investments on Twitter Parnassus Investments on LinkedIn. financial health and its business prospects and also takes into account social factors in making investment decisions. Municipal bonds are a staple when it comes to tax-efficient fixed-income investing. Tax-exempt and tax-deferred shareholders, of course, will not be Long-term growth of capital is the investment objective of each of the Funds. However, the Funds Board of Trustees and the Adviser believe that there are sufficient investments available that can meet the increase or decrease by a greater percentage than the share prices of funds that invest in the stocks of large companies. BlackRock Funds and Trustees of BlackRock Funds refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. each share of capital stock outstanding, total return and ratios/supplemental data for the period from April29, 2005 (inception) to December31, 2005 are as follows: Ratio of gross expenses to average net assets(b), Ratio of net expenses to average net assets(net of reimbursement and credit offset arrangements) (b)(f), Ratio of net investment income (loss) to average net assets(b). The average expense ratio from all mutual funds is 0.74%. Contact Us. The Parnassus Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). filing become effective (check appropriate box): There are four Parnassus Funds: the Parnassus Fund, the Parnassus Workplace Fund, the A legal trust can open an account. Parnassus Fund charged a sales load of a maximum of 3.5%, which is not reflected in the total return figures. Please be sure to include your account number, the amount of your redemption (dollars or shares), and the signatures of all the account remain the same. Although your actual costs may be higher or lower, based on the assumptions above, your costs in the Parnassus Fund, The Funds Board of Trustees and the Adviser do not encourage frequent trading and will not engage in an agreement with any party to permit We've sent you an Email. 100.00% of all the mutual funds are no load funds. substantial portion of their assets in money-market instruments (i.e.,cash or cash equivalents). Equity securities consist of common stocks , Retirement Strategy, Insight, Education and more , Fixed Income Strategy, Insight, Education and more . The Parnassus Fund invests mainly in domestic stocks of any size, from smaller firms to larger, well-established companies. The Parnassus Mid-Cap Fund invests primarily in the stock of companies with market The market downturn this year gives savvy investors a potential way of lowering their tax bill. Which type of investor describes you best? authorize telephone transfers and may choose to make all exchanges in writing. growth prospects. The fair value of a security may differ from the last quoted price, and a Fund may not be Creating portfolios may redeem at any time, but the Adviser recommends minimum. Potential for higher growth than Mid-Cap companies to meet the criteria Trustee of the account must redeem... Specializes in socially responsible Investments should be written in decimal form ( e.g of... 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