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PRPFX Permanent Portfolio Permanent I

  • Fund
  • PRPFX
  • Price as of: Aug 16, 2019
  • $39.89 + $0.14 + 0.35%
  • Category
  • Diversified Portfolio

PRPFX - Profile

Vitals

  • YTD Return 11.2%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -2.5%
  • Net Assets $1.93 B
  • Holdings in Top 10 47.5%

52 WEEK LOW AND HIGH

$39.89
$34.82
$41.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

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

BROKERAGE FEES

  • Turnover 18.62%

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 11.2%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.93%
DIVIDENDS
  • Dividend Yield 0.8%
  • 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 (%)
YTD 11.2% -52.8% 25.5% 19.51%
1 Yr -1.2% -63.1% 12.7% 33.79%
3 Yr 0.1%* -27.4% 12.9% 56.29%
5 Yr -2.5%* -24.0% 8.4% 78.08%
10 Yr 1.3%* -14.6% 9.4% 84.10%

* Annualized


Return Ranking - Calendar

Period PRPFX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -34.6% 1.6% 71.76%
2017 9.0% -12.4% 33.2% 30.19%
2016 9.3% -65.8% 23.3% 6.78%
2015 -12.7% -64.9% 4.8% 93.41%
2014 -8.1% -29.5% 68.3% 95.33%

Total Return Ranking - Trailing

Period PRPFX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.2% -52.8% 25.5% 20.35%
1 Yr -1.2% -60.9% 12.7% 55.30%
3 Yr 0.1%* -22.8% 13.0% 85.21%
5 Yr -2.5%* -21.3% 47.3% 92.45%
10 Yr 1.3%* -12.3% 12.5% 94.39%

* Annualized


Total Return Ranking - Calendar

Period PRPFX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.9% -32.7% 1.6% 85.36%
2017 9.0% -8.4% 33.2% 63.24%
2016 9.3% -65.2% 23.3% 15.33%
2015 -12.7% -62.9% 9.2% 96.48%
2014 -8.1% -28.5% 76.9% 97.46%

NAV & Total Return History

PRPFX - Holdings

Concentration Analysis

PRPFX Category Low Category High PRPFX % Rank
Net Assets 1.93 B 604 K 147 B 28.23%
Number of Holdings 136 2 13482 44.60%
Net Assets in Top 10 903 M -120 M 26.4 B 27.54%
Weighting of Top 10 47.50% 5.5% 3196.0% 58.11%

Top 10 Holdings

  1. Gold Bullion Comex Eligible 12.76%

  2. Silver Bullion Comex Eligible 6.20%

  3. Gold/US Golden Eagles 5.07%

  4. Gold Canadian Maple Leaf 3.97%

  5. Switzerland (Govt) 2% 3.90%

  6. Switzerland (Govt) 2.25% 3.81%

  7. Texas Pacific Land Trust 3.25%

  8. United States Treasury Bonds 5.25% 3.02%

  9. United States Treasury Bonds 6% 2.96%

  10. Facebook Inc A 2.55%


Asset Allocation

Weighting Return Low Return High PRPFX % Rank
Stocks
38.96% -21.52% 135.47% 67.44%
Bonds
32.36% 0.00% 261.66% 62.02%
Other
28.01% -253.31% 53.08% 2.00%
Cash
0.67% -283.85% 353.31% 87.85%
Preferred Stocks
0.00% 0.00% 65.70% 95.22%
Convertible Bonds
0.00% 0.00% 26.85% 97.16%

Stock Sector Breakdown

Weighting Return Low Return High PRPFX % Rank
Real Estate
12.20% -3.22% 75.65% 3.70%
Technology
6.82% -3.22% 31.95% 59.99%
Basic Materials
5.37% -1.56% 22.61% 2.40%
Industrials
4.67% -0.36% 27.15% 57.98%
Energy
3.56% -2.23% 28.27% 33.98%
Financial Services
2.09% -0.41% 47.66% 91.70%
Consumer Cyclical
1.71% -9.59% 42.25% 87.55%
Healthcare
1.40% -1.99% 45.45% 89.30%
Consumer Defense
1.16% -4.62% 17.45% 84.57%
Utilities
0.00% -0.16% 23.50% 98.90%
Communication Services
0.00% -0.92% 6.89% 99.09%

Stock Geographic Breakdown

Weighting Return Low Return High PRPFX % Rank
US
36.55% -23.38% 134.61% 48.87%
Non US
2.41% -76.83% 74.42% 81.58%

Bond Sector Breakdown

Weighting Return Low Return High PRPFX % Rank
Corporate
16.67% 0.00% 86.09% 41.56%
Government
15.69% -57.27% 316.66% 35.75%
Cash & Equivalents
0.67% -277.47% 353.31% 85.52%
Derivative
0.00% -234.33% 46.84% 70.91%
Securitized
0.00% -31.43% 45.07% 96.96%
Municipal
0.00% 0.00% 99.83% 95.02%

Bond Geographic Breakdown

Weighting Return Low Return High PRPFX % Rank
US
23.91% -215.69% 201.54% 66.13%
Non US
8.45% -64.26% 220.06% 29.48%

PRPFX - Expenses

Operational Fees

PRPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.00% 11.64% 57.40%
Management Fee 0.81% 0.00% 2.50% 86.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

PRPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.14% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PRPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 18.62% 0.00% 6067.00% 23.01%

PRPFX - Distributions

Dividend Yield Analysis

PRPFX Category Low Category High PRPFX % Rank
Dividend Yield 0.79% 0.00% 1.02% 58.79%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PRPFX Category Low Category High PRPFX % Rank
Net Income Ratio 0.93% -4.09% 6.99% 80.67%

Capital Gain Distribution Analysis

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

PRPFX - Managers

Michael J. Cuggino

Manager

Start Date

Tenure

Tenure Rank

May 01, 2003

16.26

16.3%

Mr. 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. Prior to his organization of Pacific Heights, he served as a consultant to World Money Managers from 1991 to 2003.


Tenure Analysis

Category Low

0.0

Category High

38.52

Category Average

6.47

Category Mode

7.12