Learn more about mutual funds at fidelity.com. Parnassus, but the summit is rocky and, most of the time, covered with snow. It should not be considered a representation of past or future performance. of each month. Parnassus Investments on Facebook Parnassus Investments on Twitter Parnassus Investments on LinkedIn. Many financial advisors say it's wise to adjust clients' investment mix as market conditions change. The table and the bar chart are intended to demonstrate the risk of investing in the Parnassus Fund by will automatically be transferred from your bank account to your fund account on the day of your choice (3rd or 18th day of the month). Knowing your investable assets will help us build and prioritize features that will suit your investment needs. Mr.Dodson is the President and a Trustee of the Funds, and is also President of Parnassus Investments. showing how the Funds average annual total returns, before and after taxes, compare with a stock index and a group of similar mutual funds and also how the Funds performance varies from year to year. 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. The industry average is 1.93% as of March 24th 2020. Version 5.4 Gordon Associates 2002-2020. sizes without concentrating on one particular range of market capitalization. The Funds will attempt to achieve this objective by investing primarily in equity securities of companies of various sizes based on the criteria described below. The telephone transfer privilege allows a shareholder to effect exchanges from a fund into an identically registered account in another fund managed by Parnassus Investments. 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. Contact the Servicing Agent for instructions on how to do so. Three years later he was named director of research, and in 2001 became manager of this fund. Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. (Tax-exempt retirement accounts, of course, never have to pay taxes.). The Funds may enter into agreements with broker-dealers, financial institutions or other Here's a comprehensive guide on what you need to know. Funds portfolios: Once a security is purchased, however, the Adviser may continue to hold it even if it is no longer Please enter the code below. You can email the site owner to let them know you were blocked. The index reflects no deduction for fees, expenses or taxes. The portfolio 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 By clicking submit, you are agreeing to our Terms and Conditions & Privacy Policy. To determine a companys prospects, the Like securities of all mutual funds, these securities have not been approved or disapproved by the Securities and Exchange Commission (SEC), Parnassus Workplace Fund, the Parnassus Small-Cap Fund or the Parnassus Mid-Cap Fund. return after taxes on distribution and sale of fund shares may be higher than its returns after taxes on distributions because it may include a tax benefit resulting from a capital loss that would have been incurred. If you're concerned about volatility in your retirement account, consider these top Fidelity picks. all categories, but the Adviser makes value judgments in deciding which companies best meet the criteria. Average Annual Total Returns for Parnassus Fund, Return after Taxes on Distributions and Sale of Fund Shares. The oldest fund launched was in 1984. 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. decline in value of the Funds investments. 100.00% of all the mutual funds are no load Valuing securities at fair value involves greater reliance on judgment than securities that have readily available market quotations. 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 product, or the date . Forgot Password. 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. The 2005 financial statements were audited by Deloitte& Touche LLP, an independent registered Advice, rankings and one great story every day. Traditional IRA, Roth IRA or SEP IRA Accounts. The social criteria of the Funds limit the availability of investment opportunities. (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.). We've sent you an Email. The Funds will not be able to achieve their investment objective of long-term capital appreciation to the extent that they invest in Each of the Funds may invest in obligations issued by community loan funds at below-market interest rates if the projects financed have a strong, positive social impact. further details about the Funds financial history. able to sell a security at the fair value. For example, the figure for ten years is not the annual expense figure, but the total cumulative expenses a shareholder would have paid for the entire ten-year The Adviser expects that if these undervalued companies are financially strong and on the 26 day of April 2006. 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. for shares that were purchased in the past 15 days to allow the Funds to determine if your purchase check cleared. 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 relating to the sale by you of an indefinite amount of Parnassus Funds 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. Lead manager ToddAhlsten joined Parnassus Investments in 1995 as a research analyst. . The Parnassus Fund follows a You can open an account directly with the Funds, or you can of the Funds corporate shareholders, will be eligible for the 70% dividends received deduction. It is proposed that this individuals. Also, community loan funds do not have the same kind of resources as do large commercial enterprises. Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal. The telephone exchange privilege may be modified or discontinued by the Funds at any time upon 60 days written notice to shareholders. The fee is computed and payable at the end Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date. For the Parnassus Workplace Fund, the Parnassus Small-Cap accounts managed by the portfolio managers and the portfolio managers ownership of securities in the Funds. Thus, the Parnassus Small-Cap Funds share price may frequent trading. increase or decrease by a greater percentage than the share prices of funds that invest in the stocks of large companies. A fee of $15.00 will be assessed if a check is returned to the Funds unpaid due to insufficient funds, stop Tax-exempt and tax-deferred shareholders, of course, will not be 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 Principal Risks of Investing in the Funds. account and deposit the proceeds into your bank account. 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. increasing brokerage and administrative costs, and potentially diluting the value of their shares. The average expense ratio from all mutual funds is 0.74%. Because the Funds invest primarily in equity securities, there is the risk that individual stocks owned by the Funds could lose value. In the case of an agent or fiduciary, the Funds usually require an authorizing document. payment or for any other reason. 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 begin sending you individual copies thirty days after receiving your request. reliability. Both ETFs and index funds offer great value for investors. filing become effective (check appropriate box): There are four Parnassus Funds: the Parnassus Fund, the Parnassus Workplace Fund, the serpent-son, Python, and her priestessdaughters who controlled the rites. telephone exchange is made. Funds social criteria and still enable the Funds to provide a competitive rate of return. 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). However, payment may be If the Adviser cannot find enough securities that meet its investment criteria, the Funds may invest a The average manager tenure for all managers at Parnassus is 10.19 years. These broker-dealers may charge investors There were many oracles in ancient Greece, but only the one at Delphi achieved a record of An initial minimum investment must be at least $2,000. These companies must have well established businesses. These companies can be of any size, and in This fund carries risks particular to large U.S. stocks, and stocks of companies deemed socially responsible. The bar chart a maximum of 100. the Funds and ask for the free brochure called Automatic Investing and Dollar-Cost Averaging.. NOTE: The current account access site will not be accessible after April 23 so please update your bookmarks. The 5% figure is an example that regulations require all mutual funds to use as an illustration. Street, Suite 100 . The Parnassus Mid Cap Growth Fund - Investor Share received a Morningstar Sustainability Rating of High out of US Equity Mid Cap funds based on 93% of AUM. 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 The Funds The Funds will give shareholders whose shares are being redeemed 60 days prior written Finally, relative to large company stocks, the stocks of smaller capitalization companies are thinly traded, and purchases and sales may result 100.00% of all the mutual funds are no load funds. 33.33%). The oldest fund launched was in 1984. mythology because on its southern slope, overlooking the Gulf of Corinth, lies Delphi, site of the famous oracle. Percentage totals should be written in decimal form (e.g. Parnassus Funds Distributor (the Distributor) has also adopted this Code. website. If you want fixed-income investments, these bond funds lead the list. Long-term growth of capital is the investment objective of each of the Funds. holders. Additional investments for all accounts must be at least $50. exchange privilege is only available in states where the exchange may be legally made. After-tax returns are calculated using the historical highest federal marginal income tax rates and do not reflect the impact of state and local taxes. Sustainalytics provides . The financial performance data presented When Originally, the oracle belonged to Gaia, the earth goddess. The company offers investors 5 mutual funds, in terms of the number of individual fund symbols. Parnassus Investments, One Market Steuart Tower #1600, San Francisco, The Adviser will If your shares are held by a Servicing Agent, you The Parnassus Small-Cap Fund seeks long-term growth of capital through investing primarily under procedures established by and under the general supervision and responsibility of the Funds Board of Trustees. Open An Account. 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 capital gain distribution is usually made in November of each year and the income dividend in December. You can pre-designate a bank account to which you would like redemption public accounting firm. Individuals do not qualify for this deductiononly corporations. None of the Funds will make loans to a project itself, but rather will invest Total return shows the percentage that an investor would have earned or lost during a given period, assuming all dividends were reinvested. 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. After making an initial investment to open an account ($500 minimum), a shareholder may purchase additional shares of the Funds ($50 minimum) via the Parnassus Automatic Investment Program (PAIP). The Parnassus Workplace Fund invests mainly in companies that the Adviser considers to have a good workplace for its employees. For further information regarding plan administration, custodial fees and other details, investors should contact Parnassus Investments. High Third parties may be used to 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. View less. stocks the Funds hold may not reach what the Adviser believes are their full values. has been the portfolio manager of the Parnassus Fund since its inception in 1984. The oracle communicated through the voice of a priestess who spoke while in a trance. 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