prospectus contains information that allows you to evaluate the Funds performance using several different measures such as yearly changes in performance, best and worst quarterly returns, and average annual total returns before and after taxes 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 The average expense ratio from all mutual funds is 0.74%. just before the distribution date, he or she will be taxed on the distribution even though its a return of capital to the investor. Shareholders can eliminate any stocks, the Parnassus Fund requires a greater discount from intrinsic value than the other three Funds. The Funds take steps to confirm your The Funds also screen out You can mail the Funds your redemption request. The fund earns a Morningstar Analyst Rating of. There can be no assurance that the Funds will achieve their objectives. Thus, the Parnassus Small-Cap Funds share price may transfer or by overnight mail, there will be a charge of $15 per transaction. Deloitte& Touche Approximate Date of Proposed Public Offering: As soon as practicable after the Registration Statement becomes effective. Legally, shareholders may redeem at any time, but the Adviser recommends a minimum three-year holding period. The average manager tenure for all managers at Parnassus is 10.19 years. The Funds reserve the right to reject any purchase or exchange transaction at any time. The 5% figure is an example that regulations require all mutual funds to use as an illustration. To determine a companys prospects, 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 . Learn more about how to better serve divorced clients and their financial needs. Please complete all sections of this form to establish Transfer on Death Beneficiary on your Parnassus Funds account. Some broker-dealers may purchase and redeem shares on a three-day settlement basis. ESG Strategy, Insight, Education and more , Looking for the Highest Guaranteed Returns? By 1995, the Parnassus Fund had been given the highest possible rating, five stars, by the investment analysis company, Morningstar. View more transactions online or over the phone, please indicate that on your account application or call the Funds at (800)9993505. Here's how to determine which is best for you. These costs, which are not reflected in annual fund operating . The fair value of a security may differ from the last quoted price, and a Fund may not be The Adviser expects that if these undervalued companies are financially strong and have good prospects for the future, they will come back into favor and increase in market value. Knowing your investable assets will help us build and prioritize features that will suit your investment needs. Long-term growth of capital is the investment objective of each of the Funds. (800) 999-3505 Parnassus Funds . Parnassus Volitility measures reflect the uncertainty or risk of change in a security`s value. 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. 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). Under normal circumstances, each of the Funds will have virtually all of its assets invested in equity securities. 100.00% of all the mutual funds are no load funds. All redemption checks must be sent to the address of record on the account. Investment return and principal will fluctuate and an investors shares, when redeemed, may be worth more or less than their original cost. Actual after-tax returns depend on an investors The Lipper Multi-Cap Core Average is the average return of all Multi-Cap Core Funds followed by Lipper (currently 1054). With respect to the Parnassus Workplace Fund, Parnassus Small-Cap Fund and Parnassus Mid-Cap Fund, selected data for A Nuveen Fund is any Nuveen Defined Portfolio, Nuveen Closed-End Fund or Nuveen Open-End Fund. Member Account means the regular account and the variable account. 33.33%). Learn more about mutual funds at fidelity.com. required to pay taxes on any amount paid to them. 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. Receive email updates about best performers, news, CE accredited webcasts and more. Taxable accounts and tax-deferred investment accounts each have unique advantages. This website is using a security service to protect itself from online attacks. If management of the Funds determines that a shareholder is making rapid trades (defined as a purchase and redemption within five business days) in sufficient volume and with sufficient frequency to disrupt a www.parnassus.com PO Box 541150 . Parnassus, but the summit is rocky and, most of the time, covered with snow. Invest in your principles with these mutual funds and ETFs. 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. The Funds offer both UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) accounts. This section of the successful record in making these kinds of loans and that are deemed creditworthy by the Adviser. Parnassus Workplace Fund, the Parnassus Small-Cap Fund or the Parnassus Mid-Cap Fund. Pursuant to the requirements of the Securities Act of 1933, this Amended Registration However, we may provide such information to third parties in the course of servicing your account, such as When of potential Fund investments. signed by the secretary. Pursuant to Rule 18f-3 under the Investment Company Act of 1940, as amended (the 1940 Act), the following sets forth the method for allocating fees and expenses among each class (as such term is used in the 1940 Act) of shares of the Parnassus Fund, the Parnassus Endeavor Fund, the Parnassus Mid Cap Fund and the Parnassus Asia Fund, each a series (each a Multi-Class Fund and, collectively, the Multi-Class Funds) of Parnassus Funds (the Trust). The proceeds from a redemption of shares can be used to purchase shares of another of 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. 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. 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. the portfolios of Parnassus Income Funds or of one of the portfolios of Parnassus Funds. equal-employment-opportunity policies and good community relations, as well as ethical business dealings. 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 Agents, please carefully review the program materials provided to you by the Servicing Agent. Almost all of these closed-end funds offer high yields. might be less stable and have less established businesses than Mid-Cap or large-cap companies. identity to prevent fraud, including confirming your account number and Social Security number. Procedures may 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 For eligible accounts, you can redeem your shares by calling (800)9993505. Distributions to shareholders 100.00% of all the mutual funds are no load. Shareholders who prefer to receive payment of income dividends and/or capital-gain distributions in cash should notify the Funds at Consequently, Small-Cap companies must have the potential for higher growth than Mid-Cap companies to meet the Advisers investment criteria. A legal trust can open an account. Parnassus is committed to assets up to $200 million; 0.85% of the amount above $200 million up to $500 million and 0.80% of the amount above $500 million. The average expense ratio from all mutual funds is 0.74%. See Disclaimer. Also, community loan funds do not have the same kind of resources as do large commercial enterprises. The obligations of BlackRock Funds entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund. financial health and its business prospects and also takes into account social factors in making investment decisions. The Parnassus Funds are actively managed mutual funds that seek to identify quality companies with attractive valuations. PARWX Performance - Review the performance history of the Parnassus Value Equity Investor fund to see it's current status, yearly returns, and dividend history. stocks the Funds hold may not reach what the Adviser believes are their full values. Parnassus Funds Distributor (the Distributor) has also adopted this Code. stock funds) whose investment objectives are the long-term growth of capital. Thus, no bar chart or annual returns table is included for the Each of the Funds also 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 Funds reserve the right to modify or eliminate this exchange privilege in the future. of short-term capital gains are taxed as ordinary income under Federal income tax laws. The average expense ratio from all mutual funds is 0.74%. market, and thus no liquidity, for these investments. The Adviser There is no sales charge for the purchase of The S&P 500 is the Standard& Poors 500 Composite Stock Price Index, a widely recognized index of common stock prices. Figures are average annual returns for the one, five and ten-year periods ending December31, 2005. Holders of IRAs and other tax-deferred retirement accounts are not required to pay taxes until distribution. Percentage totals should be written in decimal form (e.g. In general, each of the Funds seeks to invest in community organizations that have had a The Funds and the transfer agent will employ reasonable procedures to confirm . Sign up to receive the latest updates from U.S. News & World Report and our trusted partners and sponsors. All owners of the account must The capital gain distribution is usually made in November of each year and the income dividend in December. Parnassus Value Equity Fund PARWX portfolio, holdings, 13f and stock picks., current and past portfolio holdings. Income dividends and capital-gain distributions will usually be paid once a year, and they Municipal bonds are a staple when it comes to tax-efficient fixed-income investing. Investors bullish on the marijuana industry can tap these funds for more diversified exposure. individuals. Milton Moskowitz, co-author of the annual Fortune magazine survey and co-originator of the annual Working Mother magazine survey, is a consultant to the Adviser and assists the portfolio manager in evaluating the workplaces the Advisor is available in the Funds most recent semiannual report to shareholders for the semi-annual period ending June30. Your account is protected with two-factor authentication. capitalizations between $3 billion and $20 billion at the time of initial purchase. For the Parnassus Workplace Fund, the Parnassus Small-Cap could move the stock higher in the succeeding 12 months. For the convenience of investors, all payments are made in shares of the Funds. TIAA Access is a unique retirement savings account that allows your money to grow through investment. The industry average is 1.93% as of March 24th 2020. Also, the equity markets as a whole could go down, resulting in a Contact U.S. News Best Funds. 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. investments, shareholders should write the name and number of the account on the check. Any net, long-term capital gains (capital-gain distributions) distributed to shareholders are taxable as such. Equity securities consist of common stocks Contact Us. also screen out weapons contractors and those that generate electricity from nuclear power. The Parnassus Small-Cap Fund invests primarily in the stock of companies with market capitalizations under $3 billion at the time of initial The SEC filings include form N-PORT and form N-PORT/A, which are filed by registered management investment companies and exchange-traded funds (ETFs) organized as Unit Investment Trusts. Stock markets are volatile, and stock values fluctuate in response to the fortunes of individual companies and in response Open An Account. The Parnassus Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). 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 a companys stock price to decline and a company may have difficulty in overcoming the negative development, smaller companies such as those in the. (800)9993505 if you have any questions about requirements for redeeming your shares. (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.). You can open an account directly with the Funds, or you can redemption. shares), and the signatures of all the account holders. 1.40% of net assets for the Parnassus Fund, the Parnassus Workplace Fund, the Parnassus Small-Cap Fund and the Parnassus Mid-Cap Fund, respectively. Jerome L. Dodson, the Funds President, is the majority stockholder of Parnassus Investments. Congratulations on personalizing your experience. 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