Notice:  To better serve our investors and to help you achieve your income needs, we've enhanced the investment advisory fee waiver on our Short-Term Treasury Portfolio and Versatile Bond Portfolio.

Permanent Portfolio
Short-Term Treasury Portfolio
Versatile Bond Portfolio
Aggressive Growth Portfolio

Our Mutual Funds

Permanent Portfolio®

  • OVERVIEW

    Objective
    Permanent Portfolio seeks to preserve and increase the purchasing power value of its shares over the long term.

    Strategy
    A Fund for All Seasons®   Designed as a core portfolio holding, Permanent Portfolio seeks to preserve and increase the purchasing power value of each shareholder’s account over the long-term, regardless of current or future market conditions, through strategic investments in a broad array of different asset classes.

    In pursuit of its investment objective, Permanent Portfolio invests a fixed “Target Percentage” of its net assets in each of the following investment categories:

    Target Portfolio Structure:

    •   Gold
    •   Silver
    •   Swiss Franc Assets
    •   Real Estate and Natural Resource Stocks
    •   Aggressive Growth Stocks
    •   Dollar Assets

    Reasons to Consider

    • 1 Seeks long-term performance regardless of economic environment.
    • 2 Non-leveraged and multi-asset class investment strategy at all times.
    • 3 Complements global allocation or macro investment strategies with significant fixed income or equity weightings.
  • PERFORMANCE

    Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Investment performance, current to the most recent month-end, may be lower or higher than the performance quoted. It can be obtained by calling (800) 531-5142. Performance data shown with load reflects the Class A shares maximum sales charge of 5.00% and the Class C shares maximum deferred sales charge of 1.00%. Performance data shown as no load does not reflect the current maximum sales charges. Had the sales charge been included, the fund's returns would be lower. All results are historical and assume the reinvestment of dividends and capital gains.

    Historical Performance:  Annual Returns Since Inception

    Average Annual Total Returns (as of September 30, 2019)

      YTD 1 Year 5 Years 10 Years 15 Years Inception
    Class I 11.43% 5.43% 3.40% 4.62% 6.00% 5.96%
    Class A (Load) 5.68% -.06% - - - 3.49%
    Class A (No Load) 11.23% 5.20% - - - 5.09%
    Class C (Load) 9.61% 3.41% - - - 4.30%
    Class C (No Load) 10.61% 4.38% - - - 4.30%
    FTSE 3-Month U.S. Treasury Bill Index 1.78% 2.36% .96% .52% 1.32% 3.74%
    Standard & Poor's 500 Composite Stock Index 20.55% 4.25% 10.84% 13.24% 9.01% 11.39%

    Expense Ratios Class I Class A Class C
    Gross Expense Ratio .84% 1.09% 1.84%

    For the year ended January 31, 2019 as stated in the Fund’s Prospectus, dated May 31, 2019, as amended July 31, 2019.

  • DIVIDENDS & DISTRIBUTIONS

    Record Date: Tuesday, December 3, 2019
    Reinvestment Date: Wednesday, December 4, 2019

      Class I Class A Class C
    Ordinary Income Dividends $0.39379 $0.30503 $0.05764
    Capital Gain Distributions (long-term) $0.72674 $0.72674 $0.72674
    Capital Gain Distributions (short-term) $0.03317 $0.03317 $0.03317
    Collectibles 28% (included in long-term Capital Gain Distributions) TBD TBD TBD
    Qualified Dividends (included in Ordinary Income Dividends) TBD TBD TBD
    Reinvestment Price $39.61 $39.52 $39.18
    Dividends Earned on U.S. Treasury Securities TBD TBD TBD

    Collectibles gains, such as gains from gold bullion, held for greater than one year currently are subject to a 28% tax rate.

    > Historical Dividends and Distributions
    > Mutual Fund Tax Guide
    > 2018 Supplemental Tax Information

  • FEES & EXPENSES

    The table below describes the fees and expenses you would pay if you buy and hold shares of Permanent Portfolio. You may qualify for initial sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $25,000 in the Portfolios of Permanent Portfolio Family of Funds. More information about these and other discounts is available from your financial intermediary and in “Your Investment — How Sales Charges are Calculated and — Sales Charge Reductions and Waivers” in the Portfolio’s Prospectus and “Additional Purchase, Sale (Redemption) and Account Information — Initial Sales Charges on Class A Shares” in the Portfolio’s Statement of Additional Information.

    Shareholder Fees
    (fees paid directly from your investment)
    Class I Class A Class C
    Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None 5.00% None
    Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) None 1.00%1 1.00%1
    Annual Fund Operating Expenses
    (expenses that you pay each year as a percentage of the value of your investment)
    Management Fees .81% .81% .81%
    Distribution and/or Service (12b-1) Fees None .25% 1.00%
    Other Operating Expenses .03% .03% .03%

    Total Annual Fund Operating Expenses

    .84% 1.09% 1.84%

    1For Class A shares, a contingent deferred sales charge (“CDSC”) of 1.00% applies on certain redemptions made within one year following purchases of $1 million or more made without an initial sales charge. For Class C shares, a CDSC of 1.00% applies to shares that are redeemed within one year of purchase.

  • LITERATURE

    Portfolio Documents Date of Document PDF
    Summary Prospectus May 31, 2019, as amended July 31, 2019
    Fact Sheet September 30, 2019
    Investor Guide September 30, 2019
    A Time-Tested Strategy in Multiple Economic Environments September 30, 2019
    Annual Returns Since Inception September 30, 2019
    Fund Documents Date of Document PDF
    Prospectus May 31, 2019, as amended July 31, 2019
    Statement of Additional Information May 31, 2019
    Annual Report January 31, 2019
    Semi-Annual Report July 31, 2019
    Schedules of Investments April 30, 2019

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The Prospectus contains this and other important information about the investment companies. A hard copy may be obtained by calling (800) 531-5142. Read the Prospectus carefully before investing.

Mutual fund investing involves risk; loss of principal is possible.

Permanent Portfolio invests in foreign securities, which will involve greater volatility, political, economic and currency risks, and differences in accounting methods. The fund will be affected by changes in the prices of gold, silver, Swiss franc assets and U.S. and foreign aggressive growth, real estate and natural resource stocks. The fund is non-diversified and thus may be able to invest more of its assets in fewer issuers and types of investments than a diversified fund. Investing a higher percentage of its assets in any one or a few issuers could increase the fund’s risk of loss and its share price volatility. The fund may invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility than larger companies.

Pacific Heights Asset Management, LLC (“Pacific Heights”) is the investment adviser to Permanent Portfolio Family of Funds (“Fund”). The Fund is distributed by Quasar Distributors, LLC (“Quasar”), a member of FINRA.  Quasar is not affiliated with Pacific Heights.

Pacific Heights became the Fund’s investment adviser on May 1, 2003. Prior to that, an investment adviser unrelated to Pacific Heights managed the Fund.

Not FDIC Insured.  No Bank Guarantee.  May Lose Value.

Permanent Portfolio®, The Permanent Portfolio Family of Funds®, A Fund for All Seasons® and The Permanent Portfolio Family of Funds logo are registered trademarks of Pacific Heights. Copyright © 2019 Permanent Portfolio Family of Funds. All rights reserved.