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PRPFX Permanent Portfolio Permanent I

  • Fund
  • PRPFX
  • Price as of: Aug 08, 2016
  • $39.65
  • + $0.02
  • + 0.05%
  • Category
  • Diversified Portfolio

PRPFX - Profile

Vitals

  • YTD Return 14.8%
  • 3 Yr Annualized Return 3.1%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $2.96 B
  • Holdings in Top 10 55.8%

52 WEEK LOW AND HIGH

$39.65
$33.58
$39.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 5.92%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 14.8%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Permanent Portfolio Permanent Portfolio®
  • Fund Family Name Permanent Portfolio
  • Inception Date Dec 01, 1982
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Michael J. Cuggino

Fund Description

The Permanent Portfolio Fund (PRPFX) is an actively managed fund that seeks to slowly grow an investor’s capital during all market conditions. PRPFX invests in a variety of hard assets designed to preserve and increase purchasing power, such as gold, Treasury bonds, growth stocks, Swiss francs and real estate. Managers at the fund keep weightings among these assets within a few points of target percentages.

PRPFX is designed as an all-weather portfolio and strategy. As such, it can be used as a core position for conservative investors. The fund is managed by Pacific Heights Asset Management.

PRPFX - Performance

Return Ranking - Trailing

Period PRPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.8% -65.8% 22.5% 0.65% 1
1 Yr 11.4% -30.1% 18.0% 0.69% 1
3 Yr 3.1% * -14.0% 12.6% 75.49% 4
5 Yr 1.1% * -13.4% 12.2% 91.79% 5
10 Yr 5.8% * -5.6% 9.0% 28.34% 2

* Annualized


Return Ranking - Calendar

Period PRPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.7% -61.2% 48.7% 82.57% 5
2014 -8.1% -11.0% 4.5% 71.43% 4
2013 -11.5% -11.5% 25.9% 92.59% 5
2012 5.5% 5.1% 15.7% 73.33% 4
2011 0.6% -7.3% 5.7% 50.00% 3

Total Return Ranking - Trailing

Period PRPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.8% -65.8% 22.5% 0.66% 1
1 Yr 11.4% -30.1% 17.0% 0.46% 1
3 Yr 3.1% * -15.0% 12.6% 67.93% 4
5 Yr 1.1% * -13.7% 12.2% 91.47% 5
10 Yr 5.8% * -5.6% 9.0% 25.48% 2

* Annualized


Total Return Ranking - Calendar

Period PRPFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.7% -61.2% 48.7% 82.47% 5
2014 -8.1% -11.0% 9.6% 71.43% 4
2013 -2.2% -4.1% 29.6% 81.48% 5
2012 7.8% 7.8% 20.7% 100.00% 5
2011 2.5% -3.5% 11.7% 50.00% 3

NAV & Total Return History

PRPFX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

PRPFX Category Low Category High PRPFX % Rank Quintile
Net Assets 2.96 B 81.4 K 102 B 3.38% 1
Number of Holdings 132 1 12089 10.25% 3
Net Assets in Top 10 1.64 B -654 M 19.5 B 2.93% 1
Weighting of Top 10 55.8% 0.0% 246.1% 15.74% 3

Top 10 Holdings

  1. Gold Bullion Comex Eligible 10.35%
  2. Gold/US Golden Eagles 6.81%
  3. Gold Canadian Maple Leaf 6.75%
  4. Silver Bullion Comex Eligible 6.30%
  5. US Treasury Bond 6% 4.79%
  6. US Treasury Bond 6.25% 4.78%
  7. US Treasury Bond 5.25% 4.78%
  8. Switzerland Bonds Regs 04/21 2. 4.00%
  9. Switzerland (Govt) 2.25% 3.96%
  10. Facebook Inc A 3.30%

Asset Allocation

Weighting Category Low Category High PRPFX % Rank Quintile
Stocks
36.34% -3.90% 139.24% 20.92% 4
Other
30.49% -9.98% 131.62% 0.87% 1
Bonds
29.13% -0.39% 98.35% 18.36% 4
Cash
4.04% -80.76% 100.06% 20.87% 4
Convertible Bonds
0.00% 0.00% 33.12% 6.86% 5
Preferred Stocks
0.00% -0.04% 36.35% 9.11% 5

Stock Sector Breakdown

Weighting Category Low Category High PRPFX % Rank Quintile
Real Estate
11.71% -2.11% 51.75% 1.35% 1
Basic Materials
4.88% -3.08% 25.70% 2.23% 1
Technology
4.62% -11.24% 86.30% 17.92% 4
Energy
4.24% -3.72% 31.87% 7.94% 2
Financial Services
3.39% -5.44% 81.82% 19.96% 4
Industrials
3.19% -4.76% 59.46% 18.48% 4
Consumer Cyclical
2.44% -6.71% 67.05% 20.15% 4
Healthcare
1.32% -0.78% 26.13% 21.96% 5
Consumer Defense
0.53% -6.80% 33.05% 20.47% 5
Communication Services
0.00% -2.19% 32.13% 16.39% 5
Utilities
0.00% -6.48% 56.47% 15.13% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRPFX % Rank Quintile
US
33.71% -123.16% 136.63% 16.70% 3
Non US
2.63% -2.43% 163.55% 22.97% 5

Bond Sector Breakdown

Weighting Category Low Category High PRPFX % Rank Quintile
Government
24.59% -160.96% 76.37% 3.39% 1
Corporate
4.54% 0.00% 93.84% 24.90% 5
Cash & Equivalents
4.04% -80.82% 157.26% 20.55% 4
Securitized
0.00% -0.01% 42.26% 22.29% 5
Municipal
0.00% 0.00% 137.36% 7.60% 5
Derivative
0.00% -84.53% 22.60% 2.97% 4

Bond Geographic Breakdown

Weighting Category Low Category High PRPFX % Rank Quintile
US
23.14% -31.85% 93.68% 18.40% 4
Non US
5.99% -57.44% 70.46% 10.85% 2

PRPFX - Expenses

Operational Fees

PRPFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.80% 0.00% 165.34% 15.43% 2
Management Fee 0.78% 0.00% 2.55% 2.34% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

PRPFX Fees (% of AUM) Category Low Category High PRPFX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PRPFX Fees (% of AUM) Category Low Category High PRPFX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRPFX Fees (% of AUM) Category Low Category High PRPFX Rank Quintile
Turnover 5.92% 0.00% 5473.00% 14.63% 1

PRPFX - Distributions

Dividend Yield Analysis

PRPFX Category Low Category High PRPFX % Rank Quintile
Dividend Yield 0.3% 0.00% 11.33% 25.70% 2

Dividend Distribution Analysis

PRPFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRPFX Category Low Category High PRPFX % Rank Quintile
Net Income Ratio 0.79% -2.96% 9.94% 15.84% 4

Capital Gain Distribution Analysis

PRPFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PRPFX - Managers

Michael J. Cuggino

Manager

Start Date

May 01, 2003

Tenure

13.26

Tenure Rank

1.0%

Cuggino has been the President, Chief Executive Officer, and a Portfolio Manager with Pacific Heights Asset Management, LLC, ("PHAM") since its founding in 2002. Cuggino has been a director since 1998 and has been the Chairman of the Board, President since 2003 and Secretary since 2006. From 1993 through 2007, he also served as Treasurer of the Fund. He began managing the Fund on May 1, 2003.


Tenure Analysis

Category Low

0.0

Category High

35.6

Category Average

5.33

Category Mode

1.6