The fund normally invests at least 80% of its net assets in mid-sized companies. The fund's managers consider a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap Index measured at the time of purchase. The Russell Midcap Index includes approximately 800 of the smallest companies in the Russell 1000 Index. The fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies.

Nasdaq

PARMX

The investment seeks capital appreciation. The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in mid-sized growth companies. The fund will not automatically sell or cease to purchase stock of a company it already owns just because the company's market capitalization grows or falls outside the ranges of the Russell Midcap Growth Index, which are subject to change. The fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies.

PARNX

The fund’s objective is to achieve capital appreciation by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. These companies must, in the adviser's opinion, be undervalued, but they must also have good prospects for long-term capital appreciation over the course of the expected holding period.

PARWX

PRBLX

The fund normally invests at least 80% of its net assets (plus borrowings for investment purposes) in a diversified portfolio of bonds and other fixed income instruments. It principally invests in corporate bonds, U.S. Treasuries and supranational bonds, with an emphasis on corporate bonds. The fund may also invest in U.S. governmental agencies, commercial and residential mortgage-backed securities and other asset-backed securities. It invests mainly in domestic securities, and to a lesser extent may also invest in U.S. dollar denominated foreign securities.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
PARMX	Parnassus Mid Cap Fund	Mid Cap Blend Equities	Apr 29, 2005	0.96%	1.83%	7.81%	2.25%
PARNX	Parnassus Mid Cap Growth Fund	Mid Cap Growth Equities	Dec 27, 1984	0.80%	1.91%	8.60%	2.80%
PARWX	Parnassus Endeavor Fund	Large Cap Value Equities	Apr 29, 2005	0.88%	4.53%	13.10%	1.69%
PRBLX	Parnassus Core Equity Fund	Large Cap Blend Equities	Aug 31, 1992	0.82%	6.16%	11.94%	5.66%
PRFIX	Parnassus Fixed Income Fund	Intermediate Core-Plus Bond	Aug 31, 1992	0.68%	-1.59%	1.11%	3.41%
PRILX	Parnassus Core Equity Institutional Shares	Large Cap Blend Equities	—	0.61%	6.20%	12.17%	5.83%

Parnassus Mutual Funds List

Risk vs. Return Scatterplot