Parnassus Value Select ETF
Portfolio of Investments as of March 31, 2026 (unaudited)
| Equities | Shares | Market Value ($) | ||||
| Banks (7.7%) | ||||||
| Bank of America Corp. | 13,165 | 641,794 | ||||
| JPMorgan Chase & Co. | 2,513 | 739,224 | ||||
| 1,381,018 | ||||||
| Capital Markets (7.6%) | ||||||
| S&P Global Inc. | 1,560 | 663,530 | ||||
| The Charles Schwab Corp. | 7,451 | 700,245 | ||||
| 1,363,775 | ||||||
| Chemicals (3.6%) | ||||||
| Linde plc | 1,288 | 638,539 | ||||
| Diversified Financial Services (3.8%) | ||||||
| Visa Inc., Class A | 2,273 | 686,992 | ||||
| Diversified Telecommunication Services (5.0%) | ||||||
| Verizon Communications Inc. | 18,025 | 904,855 | ||||
| Equity Real Estate Investment Trusts (4.1%) | ||||||
| CBRE Group Inc., Class Aq | 5,454 | 738,799 | ||||
| Food & Staples Retailing (2.7%) | ||||||
| Sysco Corp. | 6,763 | 482,405 | ||||
| Health Care Equipment & Supplies (1.8%) | ||||||
| Abbott Laboratories | 3,093 | 317,558 | ||||
| Health Care Providers & Services (2.5%) | ||||||
| UnitedHealth Group Inc. | 1,629 | 440,791 | ||||
| Independent Power & Renewable Electricity Producers (4.6%) | ||||||
| Brookfield Renewable Corp. | 20,615 | 821,095 | ||||
| Insurance (2.3%) | ||||||
| Willis Towers Watson plc | 1,451 | 421,806 | ||||
| Interactive Media & Services (5.7%) | ||||||
| Alphabet Inc., Class A | 3,556 | 1,022,563 | ||||
| Life Sciences Tools & Services (5.9%) | ||||||
| Bio-Rad Laboratories Inc., Class Aq | 1,531 | 426,766 | ||||
| Thermo Fisher Scientific Inc. | 1,284 | 631,124 | ||||
| 1,057,890 | ||||||
| Machinery (7.7%) | ||||||
| Cummins Inc. | 1,591 | 855,990 | ||||
| Deere & Co. | 922 | 519,363 | ||||
| Equities | Shares | Market Value ($) | ||||
| 1,375,353 | ||||||
| Multiline Retail (3.3%) | ||||||
| Amazon.com Inc.q | 2,863 | 596,277 | ||||
| Pharmaceuticals (6.1%) | ||||||
| AstraZeneca plc | 5,527 | 1,090,035 | ||||
| Road & Rail (4.0%) | ||||||
| Union Pacific Corp. | 2,916 | 707,480 | ||||
| Semiconductors & Semiconductor Equipment (13.3%) | ||||||
| Applied Materials Inc. | 2,627 | 897,882 | ||||
| Micron Technology Inc. | 1,788 | 604,058 | ||||
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 2,607 | 881,036 | ||||
| 2,382,976 | ||||||
| Software (5.4%) | ||||||
| Microsoft Corp. | 1,488 | 550,813 | ||||
| NICE Ltd., ADRq | 3,789 | 417,775 | ||||
| 968,588 | ||||||
| Specialty Retail (2.4%) | ||||||
| The Home Depot Inc. | 1,310 | 430,846 | ||||
| Total investment in equities (99.5%) | ||||||
| (cost $17,141,015) | 17,829,641 | |||||
| Short-Term Securities | Interest Rate | Maturity Date |
Principal Amount ($) |
Market Value ($) |
||||||||||||
| Time Deposits (0.5%) |
|
|||||||||||||||
| Citibank, New York | 2.98% | 04/01/2026 | 90,351 | 90,351 | ||||||||||||
| Total short-term securities (0.5%) | ||||||||||||||||
| (cost $90,351) | 90,351 | |||||||||||||||
| Total securities (100.0%) | ||||||||||||||||
| (cost $17,231,366) | 17,919,992 | |||||||||||||||
| Other assets and liabilities (0.0%) | 2,751 | |||||||||||||||
| Total net assets (100.0%) | 17,922,743 | |||||||||||||||
| q | This security is non-income producing. |
| plc | Public Limited Company | |
| ADR | American Depositary Receipt | |