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 September 30, 2018)

      YTD 1 Year 5 Years 10 Years 15 Years Inception
    Class I .71% .73% -.17% -.34% .57% 2.37%
    FTSE 3-Month U.S. Treasury Bill Index 1.29% 1.57% .49% .32% 1.24% 3.19%

    Expense Ratios Class I
    Gross Expense Ratio 1.22%
    Net Expense Ratio .72%

    For the year ended January 31, 2018 as stated in the Fund’s Prospectus, dated May 31, 2018. The Net Expense Ratio reflects a contractual waiver of investment advisory fees in effect for the year then ended. The Portfolio's investment adviser has agreed to continue the waiver at least through June 1, 2019.

  • DIVIDENDS & DISTRIBUTIONS

    Record Date: Tuesday, December 5, 2017
    Reinvestment Date: Wednesday, December 6, 2017

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

    > Historical Dividends and Distributions
    > Mutual Fund Tax Guide
    > 2017 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 .03%
    Total Annual Fund Operating Expenses 1.22%
    Fee Waivers and Expense Limitation1 (.50%)
    Total Annual Fund Operating Expenses After Fee Waivers and Expense Limitation .72%

    1Pursuant to an Advisory Fee Waiver and Expense Assumption Agreement effective through June 1, 2019, 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 .6875% of the Portfolio’s average daily net assets. The Agreement may be terminated or amended only with the approval of the Trust’s Board of Trustees.

  • LITERATURE

    Portfolio Documents Date of Document PDF
    Summary Prospectus May 31, 2018
    Fact Sheet September 30, 2018
    Investor Guide September 30, 2018
    Annual Returns Since Inception September 30, 2018
    Fund Documents Date of Document PDF
    Prospectus May 31, 2018
    Statement of Additional Information (SAI) May 31, 2018
    Annual Report January 31, 2018
    Semi-Annual Report July 31, 2018
    Schedules of Investments April 30, 2018

    XBRL Information

    eXtensible Business Reporting Language, or XBRL, are interactive files that allow an investor to view, download, and compare certain information regarding a fund's objectives, fees, performance, and risks. XBRL files may be viewed through a free viewer available at sec.gov. Generally, XBRL files will be available on permanentportfoliofunds.com within 15 days of the annual update to the Fund's Prospectus.

      Ticker CUSIP XBRL
    Class I PRTBX 714199205

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.

Each of the investment products or services referred to on this site may be offered only to investors residing in the United States. This site should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States.

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to certain laws or regulations. Because of the global nature of the Internet, all persons and entities accessing this site do so on their own initiative and agree to comply with all applicable local laws and regulations.

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

FTSE 3-Month U.S. Treasury Bill Index tracks the performance of U.S. Treasury bills with a remaining maturity of three months. An index is unmanaged and is not subject to fees and expenses. You cannot invest directly in an index.

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.

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 Asset Management, LLC. Copyright © 2018 Permanent Portfolio Family of Funds. All rights reserved.