Code of Ethics
The Parnassus Funds (the "Funds"), Parnassus Funds Distributor (the "Distributor") and Parnassus Investments (the "Adviser") have adopted a Code of Ethics in compliance with Rule 17j-1 under the Investment Company Act of 1940 (the “Act") and Rule 204a-1 under the Investment Advisers Act of 1940.
In their personal investments, all Trustees and officers of the Fund and all officers, directors and staff of the Adviser and the Distributor have a fiduciary duty to place the interests of Fund shareholders and clients before their own personal interests at all times.
Identification of Affiliated Persons
The Funds have adopted policies and procedures to prevent self-dealing and overreaching by persons in a position to take advantage of the Funds. The Act prohibits Funds from entering into certain transactions with affiliated persons, as defined by the Act. These policies and procedures are designed to prevent unlawful transactions with them.
No less frequently than annually, each member of the Board of Trustees and Officers of the Funds must complete and certify a questionnaire provided by the Funds detailing their business affiliations, which the chief compliance officer will review for potential conflicts of interest.
Please see Parnassus’ proxy voting procedures: