The investment seeks to achieve both capital appreciation and current income.
Principal Investment Strategies†
The fund's objective is to achieve both capital appreciation and current income by investing primarily in a diversified portfolio of equity securities. Equity securities include common and preferred stock. Under normal circumstances, the fund will invest a minimum of 80% of its net assets (plus borrowings for investment purposes) in equity securities. At least 75% of the fund's total assets will normally be invested in equity securities that pay interest or dividends.
Principal Investment Risks
There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.
Performance & Expenses
|Fund/Benchmark Name||Qtr||YTD||1-Yr||3-Yr||5-Yr||10-Yr||Since Inception|
|Parnassus Core Equity Investora||4.54%||8.03%||13.20%||10.55%||16.13%||9.66%||10.51%|
|S&P 500 Indexa,b||3.85%||7.84%||15.43%||11.16%||16.37%||7.24%||N/A|
|Morningstar Large Blenda,c||3.80%||6.01%||12.03%||8.75%||14.71%||6.34%||N/A|
Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.
Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.
|Total annual fund operating expensesa||0.88%|
|Fee waiver and/or expense reimbursement||0.01%|
A contractual expense waiver exists for this fund and will expire on 05-01-2017.
a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.
b. The S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.
c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.
|Record Date||Ex/Payable Date||Income/Capital Gains Paid Per Share|
|Sep 30, 2016||Sep 30, 2016||$0.103400000|
|Jun 30, 2016||Jun 30, 2016||$0.085600000|
|Mar 31, 2016||Mar 31, 2016||$0.127300000|
|Dec 30, 2015||Dec 30, 2015||$0.498800000|
|Nov 24, 2015||Nov 24, 2015||$2.754700000|
|Sep 30, 2015||Sep 30, 2015||$0.116700000|
|Jun 30, 2015||Jun 30, 2015||$0.104700000|
|Mar 31, 2015||Mar 31, 2015||$0.083100000|
|Dec 30, 2014||Dec 30, 2014||$0.197300000|
|Nov 25, 2014||Nov 25, 2014||$0.674600000|
|Sep 30, 2014||Sep 30, 2014||$0.202900000|
|Jun 30, 2014||Jun 30, 2014||$0.094100000|
|Mar 31, 2014||Mar 31, 2014||$0.100600000|
|Dec 27, 2013||Dec 27, 2013||$0.161300000|
|Nov 22, 2013||Nov 22, 2013||$1.872600000|
|Sep 30, 2013||Sep 30, 2013||$0.124500000|
|Jun 28, 2013||Jun 28, 2013||$0.100600000|
|Mar 28, 2013||Mar 28, 2013||$0.097500000|
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.
|Type of Asset||Percent|
Due to rounding, percentages shown may not add up to 100%.
Due to rounding, percentages shown may not add up to 100%.
Exposure reflects equity securities only and will sum to the equity exposure of the fund.
|Wells Fargo & Co||4.5%|
|Gilead Sciences Inc||3.9%|
|Applied Materials Inc||3.5%|
|Charles Schwab Corp||3.5%|
|Walt Disney Co||3.1%|
Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing email@example.com, or visiting www.icmarc.org.
The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.
Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.