PARNASSUS CORE EQUITY FUND

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

Equities	Shares		Market Value ($)
Biotechnology (1.5%)
Gilead Sciences Inc.		7,542,335		448,391,816
Capital Markets (11.5%)
CME Group Inc., Class A		5,062,381		1,204,137,945
Intercontinental Exchange Inc.		3,300,866		436,110,416
S&P Global Inc.		2,597,371		1,065,389,637
The Charles Schwab Corp.		9,497,745		800,754,881
				3,506,392,879
Chemicals (4.1%)
Linde plc		2,474,530		790,439,118
The Sherwin Williams Co.		1,862,242		464,852,848
				1,255,291,966
Commercial Services & Supplies (2.1%)
Waste Management Inc.		3,971,331		629,455,963
Containers & Packaging (2.3%)
Ball Corp.		7,665,093		689,858,370
Diversified Telecommunication Services (1.5%)
Verizon Communications Inc.		8,702,221		443,291,138
Equity Real Estate Investment Trusts (3.4%)
Alexandria Real Estate Equities Inc. l		2,100,486		422,722,807
American Tower Corp.		2,445,771		614,426,591
				1,037,149,398
Food & Staples Retailing (2.6%)
Costco Wholesale Corp. l		1,351,209		778,093,703
Food Products (1.8%)
Mondelez International Inc., Class A		8,770,197		550,592,968
Health Care Equipment & Supplies (5.5%)
Becton, Dickinson and Co.		4,010,763		1,066,862,958
Boston Scientific Corp. q		13,311,329		589,558,761
				1,656,421,719
Hotels Restaurants & Leisure (2.0%)
Booking Holdings Inc. q		254,802		598,389,757
Household Products (2.5%)
The Procter & Gamble Co.		5,039,444		770,027,043

Equities	Shares		Market Value ($)
Interactive Media & Services (6.4%)
Alphabet Inc., Class A q		690,980		1,921,857,223
IT Services (8.1%)
Fiserv Inc. q		12,672,877		1,285,029,728
Mastercard Inc., Class A		3,211,396		1,147,688,702
				2,432,718,430
Life Sciences Tools & Services (5.2%)
Danaher Corp.		3,800,882		1,114,912,717
Thermo Fisher Scientific Inc.		792,766		468,247,238
				1,583,159,955
Machinery (4.5%)
Deere & Co.		3,052,181		1,268,059,118
Pentair plc		1,836,813		99,573,633
				1,367,632,751
Media (2.8%)
Comcast Corp., Class A		18,231,231		853,586,235
Professional Services (3.1%)
CoStar Group Inc. q		4,756,075		316,802,156
Verisk Analytics Inc.		2,995,396		642,901,843
				959,703,999
Road & Rail (4.1%)
Canadian Pacific Railway Ltd. l		11,182,599		923,011,721
Union Pacific Corp.		1,113,083		304,105,406
				1,227,117,127
Semiconductors & Semiconductor Equipment (7.9%)
Applied Materials Inc.		5,328,395		702,282,461
Micron Technology Inc. l		5,654,866		440,457,513
NVIDIA Corp.		2,271,090		619,689,617
Texas Instruments Inc.		3,444,010		631,906,955
				2,394,336,546
Software (8.8%)
Adobe Inc. q		1,118,677		509,691,615
Microsoft Corp. l		6,840,934		2,109,128,362
				2,618,819,977
Specialty Retail (1.5%)
The Home Depot Inc.		1,531,970		458,564,580
Technology Hardware, Storage & Peripherals (3.1%)
Apple Inc.		5,327,965		930,315,969

Equities	Shares		Market Value ($)
Textiles, Apparel & Luxury Goods (1.4%)
Nike Inc., Class B		3,227,827		434,336,401
Wireless Telecommunication Services (2.0%)
T-Mobile US Inc. q		4,727,540		606,779,759
Total investment in equities (99.7%) (cost $22,349,930,304)				30,152,285,672

Short-Term Securities	Interest Rate		Maturity Date		Principal Amount ($)		Market Value ($)
Certificates of Deposit (0.0%) a
Citizens Trust Bank		0.05%		01/14/2023		250,000		241,795
Community Vision Capital & Consulting		0.50%		01/31/2023		250,000		237,466
Self-Help Federal Credit Union		0.40%		10/16/2022		250,000		244,575
Self-Help Federal Credit Union		0.40%		02/17/2023		1,000,000		964,712
								1,688,548
Certificates of Deposit Account Registry Service (0.0%) a
CDARS agreement with Beneficial State Bank, dated 03/17/2022 Participating depository institutions: Chambers Bank, par 238,500; Decatur County Bank, par 238,500; First Commerce Bank, par 46,000; First State Bank of Forsyth, par 24,529; Legacy Bank & Trust Company, par 238,500; Prime Alliance Bank, par 238,500; Texas National Bank of Jacksonville, par 238,500; The Tri-County Bank, par 38,740; United Bank, par 238,500; Waumandee State Bank, par 238,500; West Alabama Bank & Trust, par 221,231; (cost $1,923,297)		0.73%		03/16/2023		2,000,000		1,923,297
Community Development Loans (0.0%) a
BlueHub Loan Fund Inc.		1.00%		04/15/2022		100,000		99,770
BlueHub Loan Fund Inc.		1.00%		04/15/2022		900,000		897,929
New Hampshire Community Loan Fund Inc.		1.00%		07/31/2022		500,000		490,055
Root Capital Inc.		1.00%		02/01/2023		200,000		184,745
Vermont Community Loan Fund Inc.		0.75%		04/15/2022		100,000		99,770
								1,772,269
Time Deposits (0.5%)
BNP Paribas, Paris		0.15%		04/01/2022		33,423,290		33,423,290
National Australia Bank, London		0.15%		04/01/2022		97,052,485		97,052,485
								130,475,775
Securities Purchased with Cash Collateral from Securities Lending
Registered Investment Companies (0.0%)
Invesco Aim Government & Agency Portfolio
Short-Term Investments Trust, Institutional Class		0.15%						2,378,960
Total short-term securities (0.5%) (cost $138,238,849)								138,238,849
Total securities (100.2%) (cost $22,488,169,153)								30,290,524,521
Payable upon return of securities loaned (0.00%)								(2,378,960	)
Other assets and liabilities (-0.2%)								(57,200,307	)
Total net assets (100.0%)								30,230,945,254

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 $2,330,118.

q This security is non-income producing.

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

plc Public Limited Company