PRFIX Fees and Costs — Parnassus Fixed Income Fund, Investor Shares
Data updated: 2025-05-05
The net expense ratio is 0.58%: a 0.49% management fee plus 0.32% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $389 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 49%.
PRFIX Fees and Expenses
Annual operating expenses and sales charges of PRFIX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.58% |
| 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 |
PRFIX Costs Over Time
On $10,000 invested in PRFIX, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
PRFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $389
- Bought from dealers (principal trades, not a cost): $179.5M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $0
- Net income from securities lending: $1K (0.000% of average net assets)
PRFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROYAL BANK OF CANADA | $389 | 100.00% |
PRFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $71.1M | 39.64% |
| BNY MELLON CAPITAL MARKETS, LLC | $43.8M | 24.42% |
| Goldman Sachs & Co, LLC | $20.9M | 11.66% |
| ROYAL BANK OF CANADA | $12.4M | 6.91% |
| Wells Fargo Securities LLC | $11.8M | 6.55% |
| D.A. DAVIDSON & CO. | $8.6M | 4.78% |
| BARCLAYS CAPITAL INC. | $8.2M | 4.58% |
| OPPENHEIMER & CO. INC. | $2.7M | 1.48% |
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.