PFGEX Fees and Costs — Parnassus Growth Equity Fund, Investor Shares
Data updated: 2026-07-20
The net expense ratio is 0.84%: a 0.72% management fee plus 0.57% other expenses, less a 0.45% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0123% of average net assets, and portfolio turnover was 44%.
PFGEX Fees and Expenses
Annual operating expenses and sales charges of PFGEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.84% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PFGEX Costs Over Time
On $10,000 invested in PFGEX, assuming 5% a year before costs, total costs come to $535 over 5 years, cutting the return by 0.89% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.84%) | $88 | $276 | $479 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $535 |
| Value after costs | $10,411 | $11,283 | $12,228 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
PFGEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0123%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $49K
- Net income from securities lending: $3 (0.000% of average net assets)
PFGEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC. | $4K | 40.50% |
| Wells Fargo Securities LLC | $2K | 24.16% |
| Cantor Fitzgerald & Co. | $2K | 19.16% |
| BNY MELLON CAPITAL MARKETS, LLC | $1K | 13.02% |
| ROYAL BANK OF CANADA | $201 | 2.29% |
| J.P. MORGAN SECURITIES LLC | $76 | 0.87% |
Parnassus Growth Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFPGX | Institutional Shares | 0.63% | — |
| PFGEX | Investor Shares | 0.84% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.