Parnassus Core Equity Fund (PRBLX) NPORT-P Parnassus Fixed Income Fund (Mar 2022 report)

PARNASSUS FIXED INCOME FUND

Portfolio of Investments as of March 31, 2022 (unaudited)

Preferred Stocks	Interest Rate		Maturity Date		Shares		Market Value ($)
Banks (2.2%)
Bank of America		5.00%		09/17/2024		223,739		5,410,009
First Republic Bank		4.50%		12/31/2026		200,000		4,416,000
								9,826,009
Capital Markets (1.7%)
Morgan Stanley		4.25%		01/15/2027		240,000		5,162,400
The Charles Schwab Corp.		4.45%		06/01/2026		100,000		2,288,000
								7,450,400
Consumer Finance (0.4%)
Capital One Financial Company		5.00%		12/01/2024		50,000		1,153,500
Capital One Financial Company		4.63%		12/01/2025		22,285		483,139
								1,636,639
Equity Real Estate Investment Trusts (1.9%)
Digital Realty Trust Inc.		5.20%		10/10/2024		114,608		2,853,739
Public Storage l		3.88%		10/06/2025		40,000		819,200
Public Storage		4.00%		06/16/2026		140,549		2,879,849
Public Storage		4.10%		01/13/2027		70,000		1,453,900
								8,006,688
Total investment in preferred stocks (6.2%) (cost $29,550,248)								26,919,736
Convertible Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
Electrical Equipment (0.4%)
Sunrun Inc.		0.00%		02/01/2026		2,000,000		1,591,000
Total investment in convertible bonds (0.4%) (cost $1,650,763)								1,591,000
Corporate Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
Air Freight & Logistics (1.2%)
FedEx Corp.		4.25%		05/15/2030		2,500,000		2,624,965
FedEx Corp.		4.75%		11/15/2045		2,500,000		2,669,495
								5,294,460
Airlines (2.2%)
Alaska Airlines 2020-1, Class B		8.00%		08/15/2025		4,691,986		4,975,616
Southwest Airlines 07-1 Trust		6.15%		08/01/2022		147,523		148,474
Southwest Airlines Co.		5.13%		06/15/2027		4,000,000		4,282,360
								9,406,450
Auto Components (1.3%)
APTIV plc		4.35%		03/15/2029		3,000,000		3,087,096
APTIV plc		5.40%		03/15/2049		2,500,000		2,729,407
								5,816,503
Biotechnology (0.6%)
Gilead Sciences Inc.		4.80%		04/01/2044		2,500,000		2,750,971
Building Products (1.3%)
Masco Corp.		2.00%		10/01/2030		3,000,000		2,598,719
Masco Corp.		4.50%		05/15/2047		3,000,000		3,095,520
								5,694,239
Capital Markets (2.4%)
Morgan Stanley		2.51%		10/20/2032		2,000,000		1,802,827
MSCI Inc.		4.00%		11/15/2029		5,500,000		5,341,518
The Charles Schwab Corp.		4.63%		03/22/2030		3,000,000		3,262,204
								10,406,549

Corporate Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
Commercial Services & Supplies (1.2%)
Waste Management Inc.		3.15%		11/15/2027		3,500,000		3,512,283
Waste Management Inc.		1.50%		03/15/2031		2,000,000		1,721,507
								5,233,790
Consumer Finance (1.8%)
Capital One Financial Co.		2.62%		11/02/2032		4,000,000		3,602,389
Discover Financial Services		4.50%		01/30/2026		3,500,000		3,609,759
Discover Financial Services		4.10%		02/09/2027		1,000,000		1,021,032
								8,233,180
Containers & Packaging (2.5%)
Ball Corp.		4.88%		03/15/2026		6,000,000		6,251,076
Sealed Air Corp.		4.00%		12/01/2027		4,482,000		4,369,950
								10,621,026
Diversified Telecom Services (0.5%)
Verizon Communications Inc.		4.02%		12/03/2029		2,000,000		2,078,475
Electronic Equipment Instruments (1.4%)
Trimble Inc.		4.90%		06/15/2028		6,000,000		6,224,535
Equity Real Estate Investment Trusts (7.2%)
Alexandria Real Estate Equities Inc.		2.00%		05/18/2032		3,750,000		3,278,120
Alexandria Real Estate Equities Inc.		4.85%		04/15/2049		1,750,000		1,975,360
American Tower Corp.		2.70%		04/15/2031		4,500,000		4,070,153
American Tower Corp.		2.95%		01/15/2051		2,250,000		1,772,901
Digital Realty Trust Inc.		3.60%		07/01/2029		3,000,000		2,986,749
Iron Mountain Inc.		5.25%		03/15/2028		4,000,000		3,941,320
Iron Mountain Inc.		4.88%		09/15/2029		1,500,000		1,427,805
Regency Centers LP		3.75%		06/15/2024		2,000,000		2,024,103
Regency Centers LP		3.70%		06/15/2030		4,000,000		4,002,394
SBA Communications Corp.		3.88%		02/15/2027		5,500,000		5,356,890
								30,835,795
Food Products (1.7%)
McCormick & Co., Inc.		2.50%		04/15/2030		6,000,000		5,565,113
Mondelez International Inc.		1.50%		02/04/2031		2,000,000		1,706,421
								7,271,534
Health Care Equipment & Supplies (3.7%)
Becton, Dickinson and Co.		6.70%		08/01/2028		3,500,000		4,043,403
Becton, Dickinson and Co.		4.69%		12/15/2044		1,500,000		1,612,365
Boston Scientific Corp.		4.70%		03/01/2049		495,000		550,775
Hologic Inc.		3.25%		02/15/2029		5,500,000		5,135,735
Teleflex Inc.		4.25%		06/01/2028		5,000,000		4,868,750
								16,211,028
Hotels Restaurants & Leisure (2.2%)
Hilton Domestic Operating Company Inc.		3.75%		05/01/2029		3,684,000		3,462,960
Hilton Domestic Operating Company Inc.		4.00%		05/01/2031		1,000,000		946,310
Starbucks Corp.		2.45%		06/15/2026		3,500,000		3,417,163
Starbucks Corp.		2.55%		11/15/2030		2,000,000		1,862,998
								9,689,431
Household Products (0.4%)
The Clorox Co.		1.80%		05/15/2030		2,050,000		1,799,969
Industrial Conglomerates (1.3%)
Roper Technologies Inc.		2.95%		09/15/2029		3,500,000		3,374,043
Roper Technologies Inc.		2.00%		06/30/2030		2,500,000		2,219,692
								5,593,735
Interactive Media & Services (0.6%)
Alphabet Inc.		1.10%		08/15/2030		3,000,000		2,623,887
Internet & Catalog Retail (1.3%)
Booking Holdings Inc.		4.63%		04/13/2030		5,000,000		5,423,571
IT Services (1.5%)
Fiserv Inc.		2.65%		06/01/2030		4,500,000		4,153,784
Fiserv Inc.		4.40%		07/01/2049		2,000,000		2,064,038
								6,217,822
Life Sciences Tools & Services (1.9%)
Agilent Technologies Inc.		2.75%		09/15/2029		5,250,000		5,007,183
Agilent Technologies Inc.		2.10%		06/04/2030		1,000,000		897,662
Danaher Corp.		3.35%		09/15/2025		2,000,000		2,014,146
								7,918,991

Corporate Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
Machinery (4.1%)
CNH Industrial Capital LLC		1.45%		07/15/2026		4,500,000		4,137,427
Cummins Inc.		4.88%		10/01/2043		2,500,000		2,784,567
Pentair Finance SA		4.50%		07/01/2029		5,000,000		5,217,060
Xylem Inc.		2.25%		01/30/2031		5,500,000		4,996,581
								17,135,635
Media (1.2%)
Comcast Corp.		4.25%		10/15/2030		5,000,000		5,318,159
Pharmaceuticals (1.0%)
Merck & Co. Inc.		3.40%		03/07/2029		4,000,000		4,091,124
Road & Rail (1.4%)
Kansas City Southern		2.88%		11/15/2029		4,000,000		3,845,399
Kansas City Southern		4.70%		05/01/2048		2,000,000		2,206,351
								6,051,750
Semiconductors & Semiconductor Equipment (3.2%)
Applied Materials Inc.		1.75%		06/01/2030		3,500,000		3,168,683
Micron Technology Inc.		2.70%		04/15/2032		5,000,000		4,526,550
Qorvo Inc.		4.38%		10/15/2029		1,000,000		1,000,335
Qorvo Inc.		3.38%		04/01/2031		5,500,000		5,032,280
								13,727,848
Software (3.2%)
Adobe Inc.		2.30%		02/01/2030		4,500,000		4,258,123
Autodesk Inc.		4.38%		06/15/2025		3,630,000		3,728,495
Autodesk Inc.		2.85%		01/15/2030		2,250,000		2,116,943
Cadence Design Systems Inc.		4.38%		10/15/2024		3,940,000		4,043,476
								14,147,037
Specialty Retail (2.5%)
Lowe’s Companies Inc.		4.50%		04/15/2030		5,000,000		5,351,047
O’Reilly Automotive Inc.		4.20%		04/01/2030		5,500,000		5,688,950
								11,039,997
Textiles, Apparel & Luxury Goods (2.7%)
Hanesbrands Inc.		4.88%		05/15/2026		6,000,000		6,045,000
VF Corp.		2.95%		04/23/2030		3,500,000		3,315,940
VF Corp.		6.00%		10/15/2033		2,000,000		2,303,537
								11,664,477
Transportation & Infrastructure (2.1%)
Avantor Funding Inc.		4.63%		07/15/2028		6,000,000		5,925,000
Burlington Northern Santa Fe Corp.		5.05%		03/01/2041		2,500,000		2,904,357
								8,829,357
Wireless Telecom Services (1.1%)
T-Mobile USA Inc.		2.25%		02/15/2026		5,000,000		4,724,188
Total investment in corporate bonds (60.7%) (cost $285,273,612)								262,075,513
Supranational Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
European Bank for Reconstruction & Development		1.50%		02/13/2025		2,000,000		1,941,343
European Investment Bank		1.63%		10/09/2029		2,000,000		1,883,980
European Investment Bank		0.75%		09/23/2030		2,000,000		1,747,082
International Bank for Reconstruction & Development		3.13%		11/20/2025		4,000,000		4,073,557
International Bank for Reconstruction & Development		1.63%		11/03/2031		5,000,000		4,608,897
International Finance Corp.		2.00%		10/24/2022		3,000,000		3,012,840
International Finance Corp.		2.13%		04/07/2026		6,000,000		5,917,229
Total investment in supranational bonds (5.5%) (cost $24,143,047)								23,184,928
U.S. Government Treasury Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
U.S. Treasury		0.13%		05/31/2022		3,000,000		2,998,690
U.S. Treasury		0.13%		06/30/2022		2,000,000		1,997,812
U.S. Treasury		1.75%		07/15/2022		3,000,000		3,009,375
U.S. Treasury		1.63%		11/15/2022		3,000,000		3,006,797
U.S. Treasury		1.38%		02/15/2023		5,000,000		4,991,406

U.S. Government Treasury Bonds	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
U.S. Treasury		2.50%		03/31/2023		2,000,000		2,015,156
U.S. Treasury		2.88%		10/31/2023		3,000,000		3,033,516
U.S. Treasury		0.88%		01/31/2024		2,500,000		2,437,988
U.S. Treasury		2.50%		01/31/2024		2,000,000		2,007,891
U.S. Treasury		2.38%		02/29/2024		5,000,000		5,008,593
U.S. Treasury		2.13%		03/31/2024		5,000,000		4,982,226
U.S. Treasury		2.00%		05/31/2024		1,000,000		992,188
U.S. Treasury		1.75%		06/30/2024		2,000,000		1,972,500
U.S. Treasury		1.75%		07/31/2024		3,000,000		2,955,352
U.S. Treasury		1.25%		08/31/2024		2,000,000		1,944,844
U.S. Treasury		2.25%		11/15/2024		3,000,000		2,983,711
U.S. Treasury		1.50%		11/30/2024		2,000,000		1,950,078
U.S. Treasury		1.38%		01/31/2025		1,500,000		1,455,234
U.S. Treasury		2.00%		02/15/2025		3,000,000		2,960,742
U.S. Treasury		0.50%		03/31/2025		1,000,000		943,047
U.S. Treasury		0.25%		06/30/2025		2,000,000		1,859,922
U.S. Treasury		2.25%		11/15/2025		3,000,000		2,972,930
U.S. Treasury		0.38%		12/31/2025		2,000,000		1,849,063
U.S. Treasury		2.63%		01/31/2026		2,000,000		2,010,078
U.S. Treasury		1.88%		07/31/2026		4,000,000		3,903,125
U.S. Treasury		2.00%		11/15/2026		3,000,000		2,938,359
U.S. Treasury		0.63%		03/31/2027		1,000,000		915,586
U.S. Treasury		1.88%		02/15/2032		2,000,000		1,920,937
U.S. Treasury		3.50%		02/15/2039		2,000,000		2,291,719
U.S. Treasury		3.13%		11/15/2041		1,000,000		1,079,922
U.S. Treasury		2.75%		08/15/2042		1,000,000		1,018,242
U.S. Treasury		3.00%		05/15/2045		1,000,000		1,064,844
U.S. Treasury		2.75%		11/15/2047		1,500,000		1,557,129
U.S. Treasury		3.00%		08/15/2048		2,000,000		2,184,766
U.S. Treasury		2.88%		05/15/2049		4,000,000		4,303,906
U.S. Treasury		2.25%		08/15/2049		3,500,000		3,330,058
U.S. Treasury		2.00%		02/15/2050		4,000,000		3,604,219
U.S. Treasury		1.25%		05/15/2050		4,500,000		3,363,047
U.S. Treasury		1.38%		08/15/2050		2,000,000		1,542,656
U.S. Treasury		1.63%		11/15/2050		2,000,000		1,642,187
U.S. Treasury (TIPS)		0.38%		07/15/2025		1,185,560		1,256,115
U.S. Treasury (TIPS)		1.75%		01/15/2028		1,342,020		1,539,837
U.S. Treasury (TIPS)		0.63%		02/15/2043		2,445,720		2,758,696
Total investment in U.S. government treasury bonds (24.3%) (cost $106,672,068)								104,554,489
Total investment in long-term securities (97.1%) (cost $447,289,738)								418,325,666
Short-Term Securities	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
Certificates of Deposit (0.1%) a
Beneficial State Bank		0.30%		10/23/2022		250,000		244,329
Citizens Trust Bank		0.05%		10/06/2022		250,000		244,835
								489,164
Time Deposits (3.5%)
JPMorgan Chase, New York		0.15%		04/01/2022		15,156,677		15,156,677
Securities Purchased with Cash Collateral from Securities Lending
Registered Investment Companies (0.7%)
Invesco Aim Government & Agency Portfolio
Short-Term Investments Trust, Institutional Class		0.15%						3,258,150
Total short-term securities (4.3%) (cost $18,903,991)								18,903,991
Total securities (101.4%) (cost $466,193,729)								437,229,657
Payable upon return of securities loaned (-0.7%)								(3,258,150	)
Other assets and liabilities (-0.7%)								(2,907,301	)
Total net assets (100.0%)								431,064,206

l This security, or partial position of this security, was on loan at March 31, 2022. The total value of the securities on loan at March 31, 2022 was $3,189,970.

a Market value adjustments have been applied to these securities to reflect potential early withdrawal. Such securities have been classified as level 3.

plc Public Limited Company

LP Limited Partnership

TIPS Treasury Inflation Protected Security