0000897069-19-000413.txt : 20190916 0000897069-19-000413.hdr.sgml : 20190916 20190913173826 ACCESSION NUMBER: 0000897069-19-000413 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190916 DATE AS OF CHANGE: 20190913 EFFECTIVENESS DATE: 20190916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARNASSUS FUNDS CENTRAL INDEX KEY: 0000747546 IRS NUMBER: 946579180 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-93131 FILM NUMBER: 191093319 BUSINESS ADDRESS: STREET 1: ONE MARKET #1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4157780200 MAIL ADDRESS: STREET 1: ONE MARKET #1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: PARNASSUS FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: RENAISSANCE FUND/MA DATE OF NAME CHANGE: 19841206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARNASSUS INCOME FUNDS CENTRAL INDEX KEY: 0000866256 IRS NUMBER: 946633178 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-36065 FILM NUMBER: 191093320 BUSINESS ADDRESS: STREET 1: ONE MARKET #1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4157780200 MAIL ADDRESS: STREET 1: ONE MARKET #1600 CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: PARNASSUS INCOME FUND DATE OF NAME CHANGE: 19920703 0000747546 S000000852 Parnassus Fund C000002467 Investor Shares PARNX C000156022 Institutional Shares PFPRX 0000747546 S000000853 Parnassus Mid Cap Fund C000002468 Investor Shares PARMX C000156023 Institutional Shares PFPMX 0000747546 S000000855 Parnassus Endeavor Fund C000002470 Investor Shares PARWX C000156024 Institutional Shares PFPWX 0000866256 S000000856 Parnassus Core Equity Fund C000002471 Investor Shares PRBLX C000102327 Institutional Shares PRILX 0000866256 S000000857 Parnassus Fixed Income Fund C000002472 Investor Shares PRFIX C000156017 Institutional Shares PFPLX 497 1 cmw130.htm
Filed Pursuant to Rule 497(e)
Parnassus Funds:  1933 Act File No. 002-93131
1940 Act File No. 811-04044
Parnassus Income Funds:  1933 Act File No. 033-36065
1940 Act File No. 811-06673


Parnassus FundSM
Investor Shares: PARNX | Institutional Shares: PFPRX
Parnassus Core Equity FundSM
Investor Shares: PRBLX | Institutional Shares: PRILX
Parnassus Endeavor FundSM
Investor Shares: PARWX | Institutional Shares: PFPWX
Parnassus Mid Cap FundSM
Investor Shares: PARMX | Institutional Shares: PFPMX
Parnassus Fixed Income FundSM
Investor Shares: PRFIX | Institutional Shares: PFPLX
September 16, 2019

Supplement dated September 16, 2019 to the
Currently Effective Summary Prospectuses and Statutory Prospectus, each dated May 1, 2019
Fossil-Fuel Free Investment Policy and Issuer Engagement
Effective as of September 16, 2019, the disclosure under the “Principal Investment Strategies” section for the Parnassus Core Equity Fund, the Parnassus Mid Cap Fund and the Parnassus Fixed Income Fund, in the applicable Summary Prospectus for those Funds and the Statutory Prospectus for all Parnassus Funds, is supplemented by adding the disclosure below regarding these Funds implementing a fossil-fuel free investment policy.  The Parnassus Fund and the Parnassus Endeavor Fund have already implemented this fossil-fuel free investment policy.  
“The Fund is fossil-fuel free, as it does not invest in companies that derive significant revenues from the extraction, exploration, production or refining of fossil fuels; the Fund may invest in companies that use fossil fuel-based energy to power their operations or for other purposes.”
Effective as of September 16, 2019, the second and third paragraphs of the disclosure under the “Responsible Investment Policy” section for all of the Parnassus Funds, in the Statutory Prospectus, are amended and restated in their entirety to read as follows:
“No company is perfect in all these areas, but the Adviser makes value judgments in deciding which companies best meet the criteria. The Adviser uses strategic engagement, which may include direct communication, such as letters, emails, phone calls or in-person meetings, with company management teams to encourage positive change on ESG factors. The Adviser also votes proxies consistent with its proxy voting policies and procedures, which are stated in the SAI. With regard to the Parnassus Fixed Income Fund, the Adviser will take into consideration factors specific to fixed income investments when making these value judgments. The Fixed Income Fund may invest in securities that are appropriate based on their specific criteria, but that may not be appropriate for the U.S. equity funds.
The Funds will not invest in companies that derive significant revenues from the manufacture of alcohol or tobacco products or from direct involvement with gambling. The Funds do not invest in companies with significant revenues derived from the manufacture of weapons or the generation of electricity from nuclear power. The Funds are fossil-fuel free, meaning they do not invest in companies that derive significant revenues from the extraction, exploration, production or refining of fossil fuels; each Fund may invest in companies that use fossil fuel-based energy to power their operations or for other purposes.”
A shareholder may obtain additional information by contacting the Parnassus Funds at 1 (800) 999-3505.
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