# EDGAR Filing Document

**Accession Number:** 0000866256
**File Stem:** 0001145549-23-015681
**Filing Date:** 2023-3
**Character Count:** 46038
**Document Hash:** 7daba7e1c6e956f034d721ade625675f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-015681.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001145549-23-015681

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**EFFECTIVENESS DATE**: 20230309

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARNASSUS INCOME FUNDS
- **CENTRAL INDEX KEY:** 0000866256
- **IRS NUMBER:** 946633178
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06673
- **FILM NUMBER:** 23720232

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MARKET #1600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 4157780200

**MAIL ADDRESS:**
- **STREET 1:** ONE MARKET #1600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARNASSUS INCOME FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Parnassus Core Equity Fund (Series ID: S000000856)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000002471 | Investor Shares      | PRBLX           |
| C000102327 | Institutional Shares | PRILX           |

### Parnassus Fixed Income Fund (Series ID: S000000857)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000002472 | Investor Shares      | PRFIX           |
| C000156017 | Institutional Shares | PFPLX           |

## Internal

**Report of Independent Registered Public Accounting Firm**

**To the Board of Trustees of Parnassus Income Funds and Shareholders of Parnassus Core Equity Fund and Parnassus Fixed Income Fund**

**In planning and performing our audits of the financial statements of Parnassus Core Equity Fund and Parnassus Fixed Income Fund (constituting the Parnassus Income Funds) (hereafter collectively referred to as the "Funds") as of and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.**

**The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.**

**Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.**

**A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.**

**Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2022.**

**This report is intended solely for the information and use of the Board of Trustees of Parnassus Income Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.**

**/s/PricewaterhouseCoopers LLP San Francisco, California January 27, 2023**

**PricewaterhouseCoopers LLP, 405 Howard Street, Suite 600, San Francisco, CA 94105**

**T: (415) 498 5000, www .pwc.com/us**

## Internal

**Report of Independent Registered Public Accounting Firm**

**To the Board of Trustees of Parnassus Funds and Parnassus Income Funds, and Shareholders of Parnassus Mid Cap Fund, Parnassus Value Equity Fund, Parnassus Mid Cap Growth Fund, Parnassus Growth Equity Fund, Parnassus Core Equity Fund and Parnassus Fixed Income Fund**

**Opinions on the Financial Statements**

**We have audited the accompanying statements of assets and liabilities, including the portfolio of investments, of Parnassus Mid Cap Growth Fund, Parnassus Mid Cap Fund, Parnassus Growth Equity Fund and Parnassus Value Equity Fund (constituting the Parnassus Funds), and Parnassus Core Equity Fund and Parnassus Fixed Income Fund (constituting the Parnassus Income Funds) (hereafter collectively referred to as the "Funds") as of December 31, 2022, the related statements of operations and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of December 31, 2022, the results of each of their operations and the changes in each of their net assets and each of the financial highlights for the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Fund** | &nbsp;&nbsp; **Statement of Operations** | &nbsp;&nbsp; **Statement of Changes in** | &nbsp;&nbsp; **Financial Highlights** |
|  |  | &nbsp;&nbsp; **Net Assets** |  |
| &nbsp;&nbsp; **Parnassus Fixed Income** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Parnassus Fixed Income** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Fund** | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **the period ended December** | &nbsp;&nbsp; **the period ended December** |
|  |  | **31, 2022** | &nbsp;&nbsp; **31, 2022** |
| &nbsp;&nbsp; **Parnassus Core Equity** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Parnassus Core Equity** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Fund** | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **the period ended December** | &nbsp;&nbsp; **the period ended December** |
|  |  | **31, 2022** | &nbsp;&nbsp; **31, 2022** |
| &nbsp;&nbsp; **Parnassus Value Equity** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Parnassus Value Equity** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Fund** | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **the period ended December** | &nbsp;&nbsp; **the period ended December** |
|  |  | **31, 2022** | &nbsp;&nbsp; **31, 2022** |
| &nbsp;&nbsp; **Parnassus Mid Cap Fund** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Parnassus Mid Cap Fund** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
|  | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **the period ended December** | &nbsp;&nbsp; **the period ended December** |
|  |  | **31, 2022** | &nbsp;&nbsp; **31, 2022** |
| &nbsp;&nbsp; **Parnassus Mid Cap Growth** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Parnassus Mid Cap Growth** | &nbsp;&nbsp; **For the year ended** | &nbsp;&nbsp; **For each of the two years in** | &nbsp;&nbsp; **For each of the two years in** |
| &nbsp;&nbsp; **Fund** | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **the period ended December** | &nbsp;&nbsp; **the period ended December** |
|  |  | **31, 2022** | &nbsp;&nbsp; **31, 2022** |
| &nbsp;&nbsp; **Parnassus Growth Equity** | &nbsp;&nbsp; **For the period December** | &nbsp;&nbsp; **For the period December** | &nbsp;&nbsp; **For the period December** |
| &nbsp;&nbsp; **Fund** | &nbsp;&nbsp; **28, 2022 (commencement** | &nbsp;&nbsp; **28, 2022 (commencement** | &nbsp;&nbsp; **28, 2022 (commencement** |
|  | &nbsp;&nbsp; **of operations) through** | &nbsp;&nbsp; **of operations) through** | &nbsp;&nbsp; **of operations) through** |
|  | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **December 31, 2022** | &nbsp;&nbsp; **December 31, 2022** |

---

**The financial statements of Parnassus Mid Cap Growth Fund, Parnassus Mid Cap Fund, Parnassus Core Equity Fund, Parnassus Value Equity Fund and Parnassus Fixed Income Fund as of and for the year ended December 31, 2020 and the financial highlights for each of the periods ended on or prior to December 31, 2020 (not presented herein, other than the financial highlights) were audited by other auditors whose report dated January 28, 2021 expressed an unqualified opinion on those financial statements and financial highlights.**

**Basis for Opinions**

**These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.**

**We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.**

**Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2022 by correspondence with the custodian and broker; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.**

**/s/PricewaterhouseCoopers LLP**

**San Francisco, CA**

**January 27, 2023**

**We have served as the auditor of one or more investment companies in Parnassus Funds and Parnassus Income Funds since 2021.**

**PricewaterhouseCoopers LLP, 405 Howard Street, Suite 600, San Francisco, CA 94105**

**T: (415) 498 5000, www .pwc.com/us**

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000866256

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-12-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Parnassus Income Funds

- **Item B.1.b - Investment Company Act file number:** 811-06673

- **Item B.1.c - CIK:** 0000866256

- **Item B.1.d - LEI:** 25490076SJ8OS37PWC23

- **Item B.2.a - Street 1:** 1 Market Street, Suite 1600

- **Item B.2.b - City:** San Francisco

- **Item B.2.c - State:** CA

- **Item B.2.e - Zip Code:** 94105

- **Item B.2.f - Telephone:** 4157780200

- **Item B.2.g - Public Website:** www.parnassus.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Parnassus Investments, LLC

- **b. Street 1:** 1 Market Street, Suite 1600

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

- **g. Telephone number:** 4157780200

- **h. Briefly describe the books and records kept at this location:** All accounts, books, documents, and other records required to be maintained by Section 31(a) of the Investment Company Act.

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** Parnassus Funds

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 6

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                  | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| Alecia A. DeCoudreaux | No                      | 811-04044                               |
| Donald J. Boteler     | No                      | 811-04044                               |
| Donald J. Boteler     | No                      | 811-4750                                |
| Kay Yun               | No                      | 811-04044                               |
| Eric P. Rakowski      | No                      | 811-04044                               |
| Eric P. Rakowski      | No                      | 811-03752                               |
| Eric P. Rakowski      | No                      | 811-22972                               |
| Eric P. Rakowski      | No                      | 811-22973                               |
| Eric P. Rakowski      | No                      | 811-06431                               |
| Eric P. Rakowski      | No                      | 811-09521                               |
| Eric P. Rakowski      | No                      | 811-06520                               |
| Eric P. Rakowski      | No                      | 811-08004                               |
| Eric P. Rakowski      | No                      | 811-14626                               |
| Eric P. Rakowski      | No                      | 811-07739                               |
| Rajesh Atluru         | No                      | 811-04044                               |
| Roy Swan, Jr.         | No                      | 811-04044                               |
| Amy Johnson           | No                      | 811-04044                               |
| Benjamin E. Allen     | Yes                     | 811-4750                                |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** John V. Skidmore II

- **b. CRD Number, if any:** 002662312

- **c. Street Address 1:** 1 Market Street, Suite 1600

- **d. City:** San Francisco

- **e. State, if applicable:** CA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 94105

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** —

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a - Did the Registrant rely on any exemptive orders from the Commission?:** No

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Parnassus Funds Distributor, LLC

- **ii. SEC file number:** 8-32878

- **iii. CRD number:** 000015883

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** ME

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Pricewaterhouse Coopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Parnassus Core Equity Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Parnassus Core Equity Fund

- **b. Series identification number, if any:** S000000856

- **c. LEI:** 2549006DFEPKUNK4Z657

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor Shares         | C000002471                                | PRBLX                        |
|                           2 | Institutional  Shares   | C000102327                                | PRILX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Brown Brothers Harriman & Co.

- **ii. LEI, if any:** 5493006KMX1VFTPYPW14

- **iii. Is the securities lending agent an affiliated person...?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** Short Term Invts Tr Govt Agn Instl

- **ii. LEI, if any:** 5493007T1J7WZ5QI1A47

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $2,832,689.00

- **g. Provide the net income from securities lending activities:** $3,699.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Parnassus Investments, LLC

- **ii. SEC file number:** 801-22799

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 254900YWD1TKAJA10V28

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions, LLC

- **ii. SEC file number:** N/A

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** OH

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Brown Brothers Harriman & Co.

- **ii. LEI, if any:** 5493006KMX1VFTPYPW14

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions, LLC

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Parnassus Investments, LLC

- **ii. LEI, if any, or other identifying number:** 254900YWD1TKAJA10V28

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Parnassus Funds Distributor, LLC

- **b. SEC file number:** 8-32878

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **e. State, if applicable:** ME

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** ABEL NOSER LLC

- **ii. SEC file number:** 8-69809

- **iii. CRD number:** 000284714

- **iv. LEI, if any:** 549300UQY3DBDP2Y2N55

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $840,986.36

**Brokers Record: 2**

- **i. Full name of broker:** COWEN & CO.

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $803,500.10

**Brokers Record: 3**

- **i. Full name of broker:** CANTOR FITZGERALD

- **ii. SEC file number:** 8-20100

- **iii. CRD number:** 000000134

- **iv. LEI, if any:** 5493004J7H4GCPG6OB62

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $360,411.63

**Brokers Record: 4**

- **i. Full name of broker:** WALL STREET ACCESS

- **ii. SEC file number:** 8-25936

- **iii. CRD number:** 000010012

- **iv. LEI, if any:** 549300Z0MOT47D6OQV22

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48,556.17

**Brokers Record: 5**

- **i. Full name of broker:** C.S. FIRST BOSTON

- **ii. SEC file number:** 8-52352

- **iii. CRD number:** 000103821

- **iv. LEI, if any:** FIK8397NT1P4IPD28W79

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $47,989.90

**Brokers Record: 6**

- **i. Full name of broker:** J.P.MORGAN CHASE

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** 5493007C5MW3TG916H27

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $38,737.45

**Brokers Record: 7**

- **i. Full name of broker:** MORGAN STANLEY

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $36,462.70

**Brokers Record: 8**

- **i. Full name of broker:** SANFORD BERNSTEIN

- **ii. SEC file number:** 8-52942

- **iii. CRD number:** 000104474

- **iv. LEI, if any:** 549300I7JYZHT7D5CO04

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,106.30

**Brokers Record: 9**

- **i. Full name of broker:** WOLFE RESEARCH SECURITIES

- **ii. SEC file number:** 8-68406

- **iii. CRD number:** 000151850

- **iv. LEI, if any:** 25490055RCIM412FC286

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,465.05

**Brokers Record: 10**

- **i. Full name of broker:** GOLDMAN SACHS

- **ii. SEC file number:** 8-12900

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,315.45

**Aggregate Commission:** $2,304,421.96

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $12,632,306,132.72

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - Parnassus Fixed Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Parnassus Fixed Income Fund

- **b. Series identification number, if any:** S000000857

- **c. LEI:** 5493002SGLW4ZCW71T75

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 2

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Investor Shares         | C000002472                                | PRFIX                        |
|                           2 | Institutional  Shares   | C000156017                                | PFPLX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Brown Brothers Harriman & Co.

- **ii. LEI, if any:** 5493006KMX1VFTPYPW14

- **iii. Is the securities lending agent an affiliated person...?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** Short Term Invts Tr Govt Agn Instl

- **ii. LEI, if any:** 5493007T1J7WZ5QI1A47

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $3,314,886.00

- **g. Provide the net income from securities lending activities:** $129,670.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17e-1 (17 CFR 270.17e-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Parnassus Investments, LLC

- **ii. SEC file number:** 801-22799

- **iii. CRD number:** N/A

- **iv. LEI, if any:** 254900YWD1TKAJA10V28

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions, LLC

- **ii. SEC file number:** N/A

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** OH

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800HQORQAP68CJJ04

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Intercontinental Exchange, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Brown Brothers Harriman & Co.

- **ii. LEI, if any:** 5493006KMX1VFTPYPW14

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Ultimus Fund Solutions, LLC

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Parnassus Investments, LLC

- **ii. LEI, if any, or other identifying number:** 254900YWD1TKAJA10V28

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Parnassus Funds Distributor, LLC

- **b. SEC file number:** 8-32878

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **e. State, if applicable:** ME

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** OPPENHEIMER & CO. INC.

- **ii. SEC file number:** 8-40770

- **iii. CRD number:** 000000249

- **iv. LEI, if any:** 254900VH02JQR2L8XD64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,971.03

**Aggregate Commission:** $0.00

**Item C.17.a. Principal transaction counterparties.**

| Name                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| GOLDMAN SACHS         | 8-12900           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $124,917.00               |
| MORGAN STANLEY        | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $98,413.00                |
| RBC CAPITAL MARKETS   | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $77,931.00                |
| WACHOVIA              | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $65,435.00                |
| STIFEL NICOLAUS       | 8-14470           |    000023710 | 5WUVMA08EYG4KEUPW589 | MO      | US        | $59,172.00                |
| 280 SECURITIES LLC    | 8-69819           |    000284939 | 2549003I2299B6776G77 | CA      | US        | $21,044.00                |
| BARCLAYS CAPITAL      | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $19,572.00                |
| OPPENHEIMER & CO. INC | 8-40770           |    000000249 | 254900VH02JQR2L8XD64 | NY      | US        | $15,504.00                |
| D.A. DAVIDSON         | 8-23990           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $8,318.00                 |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $480,047.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $179,209,228.93

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Parnassus Income Funds

**Date:** 2023-03-04

**Signature:** Marc C. Mahon

**Title:** Chief Financial Officer