# EDGAR Filing Document

**Accession Number:** 0000747546
**File Stem:** 0001003715-25-001034
**Filing Date:** 2025-10
**Character Count:** 26417
**Document Hash:** 6a15a5f33f71aab37c540143416d3413
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-25-001034.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001003715-25-001034

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARNASSUS FUNDS
- **CENTRAL INDEX KEY:** 0000747546

**ORGANIZATION NAME:**
- **EIN:** 946579180
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04044
- **FILM NUMBER:** 251435796

**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 FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RENAISSANCE FUND/MA
- **DATE OF NAME CHANGE:** 19841206

## Series and Classes Contracts Data

### Parnassus International Equity Fund (Series ID: S000091873)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000259717 | Investor Shares      | PRBRX           |
| C000259718 | Institutional Shares | PFPEX           |

## Nport-Ex

**Parnassus International Equity Fund** 

**Portfolio of Investments as of September 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| **Equities** | **Shares** | **Market<br> Value ($)** |
| **Belgium (2.5%)** |  |  |
| UCB SA | 1179 | 329100 |
| **Canada (5.3%)** |  |  |
| Brookfield Corp. | 3823 | 262311 |
| Constellation Software Inc. | 67 | 181882 |
| Waste Connections Inc. | 1494 | 262645 |
|  |  | 706838 |
| **China (3.6%)** |  |  |
| BYD Co. Ltd., Class H | 14155 | 200076 |
| Full Truck Alliance Co. Ltd., ADR | 21547 | 279465 |
|  |  | 479541 |
| **Denmark (3.5%)** |  |  |
| DSV A/S | 1066 | 212956 |
| Novo Nordisk, ADR | 4564 | 253256 |
|  |  | 466212 |
| **France (3.0%)** |  |  |
| Danone SA | 4591 | 400029 |
| **Germany (17.6%)** |  |  |
| Deutsche Boerse AG | 775 | 207538 |
| Deutsche Telekom AG | 7256 | 247208 |
| Fresenius Medical Care AG | 3566 | 188419 |
| Fresenius SE & Co. KGaA | 5284 | 295299 |
| Infineon Technologies AG | 3642 | 142876 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 533 | 340307 |
| SAP SE, ADR | 1222 | 326531 |
| Siemens AG | 1050 | 283477 |
| Siemens Energy AG<sup>q</sup> | 2660 | 312760 |
|  |  | 2344415 |
| **Ireland (2.3%)** |  |  |
| CRH plc | 2592 | 310781 |
| **Italy (2.3%)** |  |  |
| UniCredit SpA | 4029 | 306587 |
| **Japan (9.4%)** |  |  |
| Komatsu Ltd. | 8372 | 291657 |
| NEC Corp. | 14151 | 452961 |
| Nintendo Co. Ltd. | 2812 | 243292 |
| Sony Financial Group Inc.<sup>q</sup> | 9140 | 10136 |
| Sony Group Corp. | 9140 | 262745 |
|  |  | 1260791 |
| **Netherlands (2.4%)** |  |  |
| AerCap Holdings NV | 1124 | 136004 |
| ASML Holding NV | 185 | 180410 |
|  |  | 316414 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | |
|:---|:---|:---|
| **Singapore (6.1%)** |  |  |
| DBS Group Holdings Ltd. | 7498 | 297354 |
| Sea Ltd., ADR<sup>q</sup> | 2910 | 520104 |
|  |  | 817458 |
| **Spain (4.4%)** |  |  |
| Aena SME SA<sup>l</sup> | 9441 | 258110 |
| CaixaBank SA | 31048 | 327926 |
|  |  | 586036 |
| **Sweden (2.0%)** |  |  |
| Spotify Technology SA<sup>q</sup> | 376 | 262448 |
| **Taiwan (2.3%)** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 1119 | 312526 |
| **United Kingdom (23.5%)** |  |  |
| 3i Group plc | 4788 | 263929 |
| AstraZeneca plc, ADR | 3590 | 275425 |
| CNH Industrial NV | 20174 | 218888 |
| Coca-Cola Europacific Partners plc | 2884 | 260742 |
| Haleon plc | 29650 | 133430 |
| Linde plc | 608 | 288800 |
| NatWest Group plc | 40801 | 288192 |
| RELX plc, ADR | 8563 | 408969 |
| Tesco plc | 55839 | 334682 |
| Unilever plc | 4372 | 258423 |
| Willis Towers Watson plc | 1188 | 410395 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3141875 |
| **United States (4.9%)** |  |  |
| Arch Capital Group Ltd.<sup>q</sup> | 2487 | 225645 |
| Booking Holdings Inc. | 50 | 269963 |
| Ferguson Enterprises Inc. | 693 | 155634 |
|  |  | 651242 |
| **Uruguay (1.9%)** |  |  |
| MercadoLibre Inc.<sup>q</sup> | 107 | 250053 |
| **Total investment in equities (97.0%)** |  |  |
| (cost $12,051,381) |  | **12942346** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short-Term Securities** | **Interest Rate** | **Maturity Date** | **Principal<br> Amount ($)** | | **Market<br> Value ($)** | |
| **Time Deposits (1.7%)** |  |  |  |  |  |  |
| Brown Brothers Harriman, New York | 0.12% | 10/01/2025 | JPY 3 |  | 0 | <sup>ß</sup> |
| Brown Brothers Harriman, New York | 0.33% | 10/01/2025 | SGD 0 | <sup>ß</sup> | 0 | <sup>ß</sup> |
| Brown Brothers Harriman, New York | 0.65% | 10/01/2025 | DKK 1 |  | 0 | <sup>ß</sup> |
| Brown Brothers Harriman, New York | 2.14% | 10/02/2025 | HKD 0 | <sup>ß</sup> | 0 | <sup>ß</sup> |
| Citibank, London | 0.79% | 10/01/2025 | EUR 9 |  | 10 |  |
| Citibank, London | 2.92% | 10/01/2025 | GBP 8 |  | 11 |  |
| Royal Bank of Canada, Toronto | 3.44% | 10/01/2025 | $236504 |  | 236504 |  |
|  |  |  |  |  | 236525 |  |
| **Total short-term securities (1.7%)** |  |  |  |  |  |  |
| (cost $236,525) |  |  |  |  | **236525** |  |
| **Total securities (98.7%)** |  |  |  |  |  |  |
| (cost $12,287,906) |  |  |  |  | **13178871** |  |
| Other assets and liabilities (1.3%) |  |  |  |  | 170070 |  |
| **Total net assets (100.0%)** |  |  |  |  | **13348941** |  |

---

------

---

| | |
|:---|:---|
| q | This security is non-income producing. |
| l | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration normally to qualified institutional buyers. The security has been determined to be liquid in accordance with procedures adopted by the Funds' Board of Trustees. At September 30, 2025, the aggregate value is $258,110, which is 1.93% of net assets. |
| ß | Amount less than $0.5. |

---

------

---

| | |
|:---|:---|
| ***SA*** | Société Anonyme |
| ***ADR*** | American Depositary Receipt |
| ***AG*** | Aktiengesellschaft |
| ***KGaA*** | Kommanditgesellschaft auf Aktien |
| ***SE*** | Societas Europaea |
| ***plc*** | Public Limited Company |
| ***SpA*** | Società per Azioni |
| ***NV*** | Naamloze Vennootschap |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Parnassus Funds

- **b. Investment Company Act file number:** 811-04044

- **c. CIK number of Registrant:** 0000747546

- **d. LEI of Registrant:** 254900NG8E5H7DEOIQ09

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Market Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 415-778-0200

**Item A.2. Information about the Series.**

- **a. Name of Series:** Parnassus International Equity Fund

- **b. EDGAR series identifier (if any):** S000091873

- **c. LEI of Series:** 529900RVUMML5DZMZC71

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $13443876.43

**Total Liabilities:** $99066.73

**Net Assets:** $13344809.70

**Cash Not Reported:** $81396.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259717 | -2.70%               | 3.53%                | 0.30%                |
| Class ID C000259718 | -2.64%               | 3.59%                | 0.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $40668.73                | $-366478.11                                |
| Month 2  | $8534.32                 | $425536.70                                 |
| Month 3  | $-44033.68               | $66484.50                                  |

### Schedule of Portfolio Investments

| Name                                 | Title                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NATWEST GROUP PLC /GBP/              | NATWEST GROUP PLC /GBP/ 0.00000000                                   | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     40801 | NS      | $288191.86    | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                | SPOTIFY TECHNOLOGY SA 0.00000000                                     | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       376 | NS      | $262448.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC /GBP/                   | UNILEVER PLC /GBP/ 0.00000000                                        | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      4372 | NS      | $258423.00    | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                | WASTE CONNECTIONS INC 0.00000000                                     | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      1494 | NS      | $262645.20    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK A/S-SPONS ADR           | NOVO-NORDISK A/S-SPONS ADR 0.00000000                                | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      4564 | NS      | $253256.36    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC             | FERGUSON ENTERPRISES INC 0.00000000                                  | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |       693 | NS      | $155633.94    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC CORP /JPY/                       | NEC CORP /JPY/ 0.00000000                                            | CUSIP: J48818207<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |     14151 | NS      | $452960.60    | 3.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS ENERGY AG /EUR/              | SIEMENS ENERGY AG /EUR/ 0.00000000                                   | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      2660 | NS      | $312760.47    | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY GROUP CORP /JPY/                | SONY GROUP CORP /JPY/ 0.00000000                                     | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      9140 | NS      | $262744.86    | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I GROUP PLC /GBP/                   | 3I GROUP PLC /GBP/ 0.00000000                                        | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      4788 | NS      | $263928.82    | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| FULL TRUCK ALLIANCE -SPN ADR         | FULL TRUCK ALLIANCE -SPN ADR 0.00000000                              | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |     21547 | NS      | $279464.59    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE I /CAD/       | CONSTELLATION SOFTWARE INC /CAD/ 0.00000000                          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |        67 | NS      | $181881.63    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HALEON PLC /GBP/                     | HALEON PLC /GBP/ 0.00000000                                          | CUSIP: G4232K100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |     29650 | NS      | $133430.39    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FRESENIUS SE & CO KGAA /EUR/         | FRESENIUS SE & CO KGAA /EUR/ 0.00000000                              | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      5284 | NS      | $295299.08    | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA /EUR/                         | UCB SA /EUR/ 0.00000000                                              | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      1179 | NS      | $329100.11    | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD CORP /CAD/                | BROOKFIELD CORP /CAD/ 0.00000000                                     | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      3823 | NS      | $262311.04    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMATSU LTD /JPY/                    | KOMATSU LTD /JPY/ 0.00000000                                         | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |      8372 | NS      | $291657.13    | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD /SGD/         | DBS GROUP HOLDINGS LTD /SGD/ 0.00000000                              | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      7498 | NS      | $297354.24    | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY FINANCIAL GROUP INC /JPY/       | SONY FINANCIAL GROUP INC /JPY/ 0.00000000                            | CUSIP: J76337104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9140 | NS      | $10135.98     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC                 | BOOKING HOLDINGS INC 0.00000000                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        50 | NS      | $269963.50    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC - SPON ADR                  | RELX PLC - SPON ADR 0.00000000                                       | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      8563 | NS      | $408968.88    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE TELEKOM AG-REG /EUR/        | DEUTSCHE TELEKOM AG-REG /EUR/ 0.00000000                             | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |      7256 | NS      | $247208.07    | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| LINDE PLC                            | LINDE PLC 0.00000000                                                 | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       608 | NS      | $288800.00    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV DKK1 /DKK/                       | DSV DKK1 /DKK/ 0.00000000                                            | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      1066 | NS      | $212955.58    | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD-ADR                          | SEA LTD-ADR 0.00000000                                               | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      2910 | NS      | $520104.30    | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA /EUR/                   | CAIXABANK SA /EUR/ 0.00000000                                        | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     31048 | NS      | $327926.35    | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR            | ASTRAZENECA PLC-SPONS ADR 0.00000000                                 | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      3590 | NS      | $275424.80    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UNICREDIT SPA /EUR/                  | UNICREDIT SPA /EUR/ 0.00000000                                       | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |      4029 | NS      | $306587.20    | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NINTENDO CO LTD /JPY/                | NINTENDO CO LTD /JPY/ 0.00000000                                     | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |      2812 | NS      | $243292.13    | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCH CAPITAL GROUP LTD               | ARCH CAPITAL GROUP LTD 0.00000000                                    | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      2487 | NS      | $225645.51    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESENIUS MEDICAL CARE AG & CO /EUR/ | FRESENIUS MEDICAL CARE AG & CO /EUR/ 0.00000000                      | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |      3566 | NS      | $188418.75    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR          | TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1119 | NS      | $312525.51    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| TESCO PLC /GBP/                      | TESCO PLC /GBP/ 0.00000000                                           | CUSIP: G8T67X102<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |     55839 | NS      | $334681.69    | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                              | CRH PLC 0.00000000                                                   | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      2592 | NS      | $310780.80    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PLC             | WILLIS TOWERS WATSON PLC 0.00000000                                  | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      1188 | NS      | $410394.60    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                     | MERCADOLIBRE INC 0.00000000                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       107 | NS      | $250052.58    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD-H /HKD/                   | BYD CO LTD-H /HKD/ 0.00000000                                        | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     14155 | NS      | $200076.37    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG /EUR/       | INFINEON TECHNOLOGIES AG /EUR/ 0.00000000                            | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      3642 | NS      | $142876.28    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AENA SME SA /EUR/                    | AENA SME SA /EUR/ 144A 0.00000000                                    | CUSIP: E526LK101<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |      9441 | NS      | $258110.46    | 1.93%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SAP SE-SPONSORED ADR                 | SAP SE-SPONSORED ADR 0.00000000                                      | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1222 | NS      | $326530.62    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DANONE /EUR/                         | DANONE /EUR/ 0.00000000                                              | CUSIP: F12033134<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |      4591 | NS      | $400028.83    | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV /EUR/                | ASML HOLDING NV /EUR/ 0.00000000                                     | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       185 | NS      | $180409.60    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MUENCHENER RUECKVER AG-R /EUR/       | MUENCHENER RUECKVER AG-REG /EUR/ 0.00000000                          | CUSIP: D55535104<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |       533 | NS      | $340306.76    | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG-REG /EUR/                 | SIEMENS AG-REG /EUR/ 0.00000000                                      | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      1050 | NS      | $283476.93    | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP HOLDINGS NV                   | AERCAP HOLDINGS NV 0.00000000                                        | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |      1124 | NS      | $136004.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BOERSE AG /EUR/             | DEUTSCHE BOERSE AG /EUR/ 0.00000000                                  | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       775 | NS      | $207538.13    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| COCA-COLA EUROPACIFIC PARTNE         | COCA-COLA EUROPACIFIC PARTNE 0.00000000                              | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      2884 | NS      | $260742.44    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                    | CNH INDUSTRIAL NV 0.00000000                                         | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     20174 | NS      | $218887.90    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Parnassus Funds

**Signature:** Marc C. Mahon

**Name of Signer:** Marc C. Mahon

**Title:** Principal Financial Officer