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Aggressive Growth Portfolio

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Aggressive Growth Portfolio


    Aggressive Growth Portfolio seeks to achieve high (greater than the stock market as a whole), long-term appreciation in the value of its shares.

    Under normal market conditions, the Portfolio invests in stocks and stock warrants of U.S. and foreign companies that are expected to have a higher profit potential than the stock market as a whole and whose shares are valued primarily for potential growth in revenues, earnings, dividends or asset values rather than for current income.

    Reasons to Consider

    • 1

      Higher Appreciation Potential - Aggressive Growth Portfolio intends to hold stocks from at least twelve industry groups and within each industry group ordinarily holds large-, mid- and small-capitalization companies. Such companies may include those involved in technology, medicine, capital goods, natural resources, energy, construction, transportation, finance, entertainment or service, those developing or exploiting new industries, products, services or markets, or those whose shares are otherwise believed to be undervalued.

    • 2

      Fully Invested in the Stock Market at All Times - Frequent switching of capital into and out of the stock market greatly magnifies the risk of investing in stocks. Active switchers may suffer losses when the stock market declines and then miss out on profits when the market recovers. The result is that losses – not profits – compound. By staying fully invested in stocks at all times, the Portfolio avoids the unnecessary hazards of switching. This policy creates greater potential for higher appreciation in the long run.


    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. Performance data shown with load reflects the Class A shares maximum sales charge of 5.00% and the Class C shares maximum deferred sales charge of 1.00%. Performance data shown as no load does not reflect the current maximum sales charges. Had the sales charge been included, the Portfolio's returns would be lower. 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, 2024)

      YTD 1 Year 5 Years 10 Years 15 Years Inception
    Class I 23.01% 41.09% 18.42% 11.66% 13.93% 11.10%
    Class A (Load) 16.72% 33.70% 16.92% - - 14.52%
    Class A (No Load) 22.86% 40.74% 18.13% - - 15.25%
    Class C (Load) 21.40% 38.67% 17.24% - - 14.39%
    Class C (No Load) 22.40% 39.67% 17.24% - - 14.39%
    Dow Jones Industrial Average 4.79% 16.02% 10.33% 11.30% 13.44% 10.55%
    S&P 500 15.29% 24.56% 15.05% 12.86% 14.82% 10.45%

    Expense Ratios Class I Class A Class C
    Gross Expense Ratio 1.21% 1.46% 2.21%

    For the year ended January 31, 2024 as stated in the Fund’s Prospectus, dated May 30, 2024.


    Record Date:  Tuesday, December 5, 2023
    Reinvestment Date:  Wednesday, December 6, 2023

      Class I Class A Class C
    Ordinary Income Dividends $0.10887 - -
    Capital Gain Distributions (long-term) $1.94328 $1.94328 $1.94328
    Capital Gain Distributions (short-term) - - -
    Qualified Dividends (included in Ordinary Income Dividends) $0.10887 - -
    Reinvestment Price $68.81 $68.52 $64.00
    Dividends Earned on U.S. Treasury Securities 32.24% - -

    > Historical Dividends and Distributions
    > 2023 Mutual Fund Tax Guide
    > 2023 Supplemental Tax Information


    The table below describes the fees and expenses you would pay if you buy, hold and sell shares of Aggressive Growth Portfolio. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for initial sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $25,000 in the Portfolios of Permanent Portfolio Family of Funds. More information about these and other discounts is available from your financial intermediary and in “Your Investment — How Sales Charges are Calculated — Sales Charge Reductions and Waivers” in the Portfolio’s Prospectus and “Additional Purchase, Sale (Redemption) and Account Information — Initial Sales Charges on Class A Shares” in the Portfolio’s Statement of Additional Information.

    How Sales Charges Are Calculated

    Shareholder Fees
    (fees paid directly from your investment)
    Class I Class A Class C
    Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None 5.00% None
    Maximum Deferred Sales Charge (Load) (as a percentage of the lower of original purchase price or sale proceeds) None 1.00%1 1.00%1
    Annual Portfolio Operating Expenses
    (expenses that you pay each year as a percentage of the value of your investment)
    Management Fees 1.19% 1.19% 1.19%
    Distribution and/or Service (12b-1) Fees —% .25% 1.00%
    Other Operating Expenses .02% .02% .02%

    Total Annual Portfolio Operating Expenses

    1.21% 1.46% 2.21%

    1For Class A shares, a contingent deferred sales charge (“CDSC”) of 1.00% applies on certain redemptions made within one year following purchases of $1 million or more made without an initial sales charge. For Class C shares, a CDSC of 1.00% applies to shares that are redeemed within one year of purchase.


    Portfolio Documents Date of Document PDF
    Summary Prospectus May 30, 2024
    Fact Sheet March 31, 2024
    Annual Returns Since Inception June 30, 2024
    How Sales Charges Are Calculated May 31, 2024
    Fund Documents Date of Document PDF
    Prospectus May 30, 2024
    Statement of Additional Information May 30, 2024
    Annual Report January 31, 2024
    Semi-Annual Report July 31, 2023
    Schedules of Investments April 30, 2024
    Schedules of Investments October 31, 2023

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.

Aggressive Growth Portfolio's stocks may appreciate in value more rapidly than the stock market, but they are also subject to greater risk, especially during periods when the prices of U.S. stock market investments, in general, are declining. The Portfolio invests in smaller companies, which will involve additional risks such as limited liquidity and greater volatility. The Portfolio also invests in foreign securities, which will involve greater volatility, political, economic and currency risks, and differences in accounting methods.

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 © 2024 Permanent Portfolio Family of Funds. All rights reserved.