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

Short-Term Treasury Portfolio

  • OVERVIEW

    Objective
    Short-Term Treasury Portfolio seeks to earn high current income, consistent with safety and liquidity of principal.

    Strategy
    Under normal market conditions, the Portfolio invests at least 80% of its assets in direct debt obligations of the United States Treasury, including U.S. Treasury bills, notes and bonds, and other securities issued by the U.S. Treasury. The remainder of the Portfolio’s assets may be invested in U.S. government agency securities, which include debt obligations issued and/or guaranteed as to principal and interest by the U.S. government or its agencies, sponsored enterprises or instrumentalities.

    Reasons to Consider

    • 1

      Minimal Volatility - Invests primarily in U.S. Treasury securities with a dollar-weighted average portfolio maturity and duration of zero to three years, and whose repayment is guaranteed by the full-faith-and-credit of the United States government.

    • 2

      Liquidity - Allows you access to your investment for any reason and in any amount. For complete liquidity, without any interest penalties for early withdrawal, you can use your Short-Term Treasury Portfolio account to replenish your bank checking account any time you wish or as needed.

  • 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. 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 June 30, 2019)

      YTD 1 Year 5 Years 10 Years 15 Years Inception
    Class I 1.08% 1.82% .22% -.18% .68% 2.36%
    FTSE 3-Month U.S. Treasury Bill Index 1.21% 2.30% .84% .46% 1.31% 3.17%

    Expense Ratios Class I
    Gross Expense Ratio 1.23%
    Net Expense Ratio .67%

    Pursuant to an Advisory Fee Waiver and Expense Assumption Agreement effective through June 1, 2020, the Portfolio’s investment adviser has contractually agreed to waive a portion of its Management Fee payable by the Portfolio so that the Management Fee paid by the Portfolio does not exceed an annual rate of .6250% of the Portfolio’s average daily net assets. The Agreement may be terminated or amended only with the approval of the Fund’s Board of Trustees.

  • DIVIDENDS & DISTRIBUTIONS

    Record Date: Tuesday, December 4, 2018
    Reinvestment Date: Thurdsay, December 6, 2018

      Class I
    Ordinary Income Dividends $0.53715
    Capital Gain Distributions (long-term) -
    Qualified Dividends (included in Ordinary Income Dividends) $0.00
    Reinvestment Price $64.85
    Dividends Earned on U.S. Treasury Securities 100%

    > 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 Short-Term Treasury Portfolio.

    Shareholder Fees
    (fees paid directly from your investment)
    Class I
    Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None
    Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) None
    Annual Fund Operating Expenses
    (expenses that you pay each year as a percentage of the value of your investment)
    Management Fees 1.19%
    Distribution and/or Service (12b-1) Fees None
    Other Operating Expenses .04%
    Total Annual Fund Operating Expenses 1.23%
    Fee Waivers and Expense Limitation1 (.56%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Limitation .67%

    1Pursuant to an Advisory Fee Waiver and Expense Assumption Agreement effective through June 1, 2020, the Portfolio’s investment adviser has contractually agreed to waive a portion of its Management Fee payable by the Portfolio so that the Management Fee paid by the Portfolio does not exceed an annual rate of .6250% of the Portfolio’s average daily net assets. The Agreement may be terminated or amended only with the approval of the Fund’s Board of Trustees.

  • LITERATURE

    Portfolio Documents Date of Document PDF
    Summary Prospectus May 31, 2019
    Fact Sheet June 30, 2019
    Annual Returns Since Inception June 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, 2018
    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.

Short-Term Treasury Portfolio's investments in debt securities typically decrease in value when interest rates rise. The risk is usually greater for longer-term debt securities. The Federal Deposit Insurance Corporation, or any other government agency, does not guarantee an investment in the Short-Term Treasury Portfolio. Therefore, you may lose money by investing in the Portfolio.

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.