40-17G

July 31, 2024

VIA EDGAR

Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

RE:Rule 17g-1 Fidelity Bond Filing

Information with Respect to Period Covering June 30, 2023 to June 30, 2024 for

Parnassus Funds and Parnassus Income Funds

Dear Sir or Madam:

Enclosed for filing, pursuant to Rule 17g-1 of the Investment Company Act of 1940, as amended, please find the following information with respect to the series of the trusts referenced above.  Please note for the Commission’s records, the following:

• A copy of the executed joint Investment Company Blanket Bond (the “Bond”) with a schedule of individual named insureds, for the period from June 30, 2023 to June 30, 2024 is enclosed as Exhibit 99.1.

• A copy of the resolution from the June 28, 2023, meeting of the Boards of Trustees of the trusts at which a majority of trustees not considered “interested persons” approved the amount, type, form and coverage of the Bond, and the portion of the premium to be paid by the Funds for the period from June 30, 2023 to June 30, 2024 is enclosed as Exhibit 99.2

• A document showing the amount of the single insured bond which each trust would have provided and maintained had it not been named as an insured under the Bond for the period from June 30, 2023 to June 30, 2024 is enclosed as Exhibit 99.3.

• Premiums have been appropriately paid for the period from June 30, 2023 to June 30, 2024.

• A copy of the agreement between each trust and all of the other named insureds entered into pursuant to paragraph (f) of Rule 17g-1 is enclosed as Exhibit 99.4.

Please contact me if you have questions or require additional information.

Very truly yours,

/s/ John V. Skidmore II

John V. Skidmore II

Chief Compliance Officer and Fidelity Bond Officer and Secretary

Enclosures

EX-99.2

Exhibit 99.2

Copy of Resolutions of Boards of Trustees

Concerning Joint Fidelity Bond

Rule 17g-1(g)(1)(B)(ii) – Copy of the resolution of a majority of the board of trustees who are not “interested persons” of Parnassus Funds and Parnassus Income Funds approving the amount, type, form and coverage of the bond and the portion of the premium to be paid by the Parnassus Funds:

MINUTES OF REGULAR MEETING OF COMBINED BOARDS OF TRUSTEES

(Excerpts Relating to Renewal of Fidelity Bond at June 28, 2023 Regular Board Meeting)

Following discussion by the Trustees, and upon a motion duly made and seconded, and unanimously carried, it was:

“… FURTHER RESOLVED, that the joint Fidelity Bond (the “Joint Fidelity Bond”) issued   by Chubb Group, in the form previously approved by the Boards of Trustees (collectively,   the “Board”) of the Trusts, shall be renewed with minimum amount of the coverage to be   no less than the larger of: (a) the amount provided in the regulations of the Securities and   Exchange Commission; or (b) Five Million ($5,000,000.00); and  

FURTHER RESOLVED, that for the Joint Fidelity Bond covering the Adviser and the   Funds, the Adviser shall pay 25% of the premiums, with the balance to be allocated among   the Funds and portfolios in accordance with their respective net assets; and  

FURTHER RESOLVED, that the Trusts shall renew their joint Allocation Agreement  with the Adviser, to be effective as long as the Funds and the Adviser maintain a joint   fidelity bond, providing that if a recovery is received under that bond as a result of a loss   sustained by either or both Funds and the Adviser, then each of the Funds shall be entitled   to recover an equitable and proportionate share of the recovery according to their net assets,   but at least equal to the amount which each Fund would have received had it provided and   maintained a single insured bond with the minimum coverage required by Rule 17g-1 under   the Investment Company Act of 1940, as amended, and both the Funds and the Adviser  shall be entitled to recover the entire face amount of the Joint Fidelity Bond, but should the   loss be more than the amount of the Joint Fidelity Bond, then the Funds shall receive their   pro-rata recoveries before the Adviser receives any reimbursement; and  

FURTHER RESOLVED, that common expenses incurred by the Funds shall be allocated   among the Funds and portfolios of the Funds based upon their relative net assets as of the   end of the previous fiscal year.

… FURTHER RESOLVED, that the joint Fidelity Bond issued by Chubb Group, in the form previously approved by this Board, shall be renewed with minimum amount of the coverage to be no less than the larger of: (a) the amount provided in the regulations of the Securities and Exchange Commission; or (b) Five Million ($5,000,000.00).

FURTHER RESOLVED, that for the Fidelity Bond covering Parnassus Investments and the Funds, Parnassus Investments shall pay 25% of the premiums, with the balance to be allocated among the Funds and portfolios in accordance with their net assets.

FURTHER RESOLVED, that the Funds shall renew their joint recovery agreement with Parnassus Investments, to be effective as long as the Funds and Parnassus Investments maintain a joint fidelity bond, providing that if a recovery is received under that bond as a result of a loss sustained by either or both Funds and Parnassus Investments, then each of the Funds shall be entitled to recover an equitable and proportionate share of the recovery according to their net assets, but at least equal to the amount which each Fund would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1. Both the Funds and Parnassus Investments shall be entitled to recover the entire face amount of the bond, but should the loss be more than the amount of the bond, then the Funds shall receive their pro-rata recoveries before Parnassus Investments receives any reimbursement.

FURTHER RESOLVED, that common expenses incurred by the Funds shall be allocated among the Funds and portfolios of the Funds based upon their relative net assets as of the end of the previous fiscal year.”

2

EX-99.3

Exhibit 99.3

Filing Statement

Concerning Joint Fidelity Bond

Rule 17g-1(g)(1)(B)(iii) - Statement showing the amount of the single insured bond which Parnassus Funds and Parnassus Income Funds would have provided and maintained had they not been named as insureds under a joint insured bond:

Amount of Single Insured Bond for Joint Insureds

Period of Coverage: June 30, 2023 – June 30, 2024

Entity	Single Insured Bond Coverage
Parnassus Funds	$2,500,000
Parnassus Income Funds	$2,500,000
Aggregate Single Bond Coverage (as if not maintained under joint coverage)	$5,000,000
Total joint Investment Company Bond	$5,000,000

EX-99.4

Exhibit 99.4

ALLOCATION AGREEMENT

AGREEMENT by and between Parnassus Funds and Parnassus Income Funds (the “Funds”), management investment companies registered under the Investment Company Act of 1940, as amended (the “1940 Act”), and Parnassus Investments, LLC (the “Advisor”) (collectively with the Funds, the “Insureds”).

W I T N E S S E T H:

WHEREAS, pursuant to the requirements of Rule 17g-1 under the 1940 Act, the Funds are required to maintain a fidelity bond against larceny and embezzlement covering certain of its officers and employees; and

WHEREAS, Rule 17g-1 provides that when two or more investment companies are managed and/or distributed by the same person or persons, such investment companies may obtain a joint insured bond covering themselves and such person or persons and their affiliates; and

WHEREAS, the Funds are managed by Parnassus Investments, LLC; and

WHEREAS, the Insureds have entered into a joint Investment Company Bond (the “Bond”); and

WHEREAS, the Insureds desire to provide for: (1) the method by which the amount of coverage provided under the Bond will be determined from time to time and (2) an equitable and proportionate allocation of any proceeds received under the Bond in the event that two or more of the Insureds suffer loss and consequently are entitled to recover under the Bond;

NOW THEREFORE, it is hereby agreed among the parties hereto as follows:

1. Amount of Coverage Maintained.  The amount of the fidelity coverage under the Bond shall at all times be at least equal in the amount to the sum of (i) the total amount of coverage which the Funds would have been required to provide and maintain individually pursuant to the schedule set forth in paragraph (d) of Rule 17g-I under the 1940 Act had the Funds not been a named Insured under the Bond, and (ii) the amount of each bond which each Insured other than the Funds would have been required to provide and maintain pursuant to federal statutes or regulations had it not been a named insured under the Bond. The amount of fidelity coverage under the Bond shall be approved at least annually by the Boards of Trustees of the Funds, including a majority of those Trustees who are not “interested persons” of the Funds as defined by Section 2(a)(19) of the 1940 Act.

2. Allocation of Recovery.  In the event an actual pecuniary loss is suffered by any two or more of the Insureds under circumstances covered by the terms of the Bond, any recovery under the Bond shall be allocated among such Insureds as follows:

a. If the total amount of coverage provided under the Bond exceeds or is equal to the amount of the combined total amount of loss suffered by the Insureds suffering loss, then each such Insured shall be entitled to recover the amount of its actual loss.

b. If the amount of loss suffered by each Insured suffering loss exceeds its minimum coverage requirements as set forth in Section 1 hereof and the amount of such Insureds' combined actual losses exceeds the total amount of coverage provided under the Bond, then each such Insured shall be entitled to recover (i) its minimum coverage requirement (ii) to the extent there exists any excess coverage, the proportion of such excess coverage which its minimum coverage requirement bears to the amount of the combined minimum coverage requirements of the Insureds suffering actual loss; provided, however, that if the actual loss of any of such Insureds is less than the sum of (i) and (ii) above, then such difference shall be recoverable by the other Insured or Insureds in proportion to their relative minimum coverage requirements.

c. If (i) the amount of actual loss suffered by any Insured is less than or equal to its minimum coverage requirement, (ii) the amount of actual loss of another Insured or the other Insureds exceeds its or their minimum coverage requirement or requirements, and (iii) the amount of the combined actual losses of the Insureds exceeds the total amount of coverage provided under the Bond, then any Insured which has suffered an amount of actual loss less than or equal to its minimum coverage requirement shall be entitled to recover its actual loss. If only one other Insured has suffered actual loss, it shall be entitled to recover the remainder of the amount of the coverage under the Bond. If more than one other Insured has suffered actual loss in excess of the remaining coverage, then they shall allocate such remaining amount of coverage in accordance with paragraph (b) of this Section 2.

3. Allocation of Premium.  No premium shall be paid under the Bond unless the Board of Trustees of the Funds, including a majority of those Trustees who are not "interested persons" of the Funds as defined by Section 2(a)(19) of the 1940 Act, shall approve the portion of the premium to be paid by the Funds. The premium payable on the Bond shall be allocated between the Funds and the other Insured as determined by the Boards of Trustees of the Funds.

4. Amendment.  This Agreement may not be amended or modified in any manner except by a written agreement executed by the parties.

5. Filing with the Commission.  A copy of this Agreement and any amendment thereto shall be filed with the Securities and Exchange Commission within 10 days after the execution thereof to the extent required by Regulation 270.17g-1(g) under the 1940 Act.

6. Applicable Law.  This Agreement shall be construed, and the provisions thereof interpreted under and in accordance with the laws of the California.

7. Limitation of Liability of Trustees and Shareholders.  A copy of the organizational documents each of the Funds is on file with the Secretary of State of the state of such Funds’ organization, and it is hereby agreed that this Agreement is executed on behalf of the Trustees of the Funds as Trustees and not individually and that the obligations of this Agreement are not binding upon any of the Trustees, officers and shareholders of the Funds individually but are binding only upon the assets and property of the Funds.

* * * * * * *

[Signatures follow on the next page.]

PARNASSUS INVESTMENTS, LLC

By: /s/ Benjamin E. Allen

Name: Benjamin E. Allen

Title: President and CEO

Date: June 28, 2023

PARNASSUS FUNDS

By: /s/ John V. Skidmore II

Name: John V. Skidmore II

Title: Secretary

Date: June 28, 2023

PARNASSUS INCOME FUNDS

By: /s/ John V. Skidmore II

Name: John V. Skidmore II

Title: Secretary

Date: June 28, 2023