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

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

Pacific Heights Asset Management, LLC, is the investment adviser to the Permanent Portfolio Funds, which are distributed by Quasar Distributors, LLC, member of FINRA.