Permanent Portfolio (Ticker: PRPFX)
The Permanent Portfolio fund objective is to preserve and increase the buying power value of its shares over the long term. The fund uses its assets to buy investment categories: gold, silver, Swiss franc assets, stocks of U.S. and foreign real estate and natural resource companies, aggressive growth stocks and dollar assets such as U.S. Treasury securities and short-term corporate bonds.
Fund Details
- Fund Inception Date: Nov 30, 1982
- Ticker Symbol: PRPFX
- CUSIP: 714199106
- Beta (3yr): 0.86
- Rank in category (YTD): 53%
- Category: Conservative Allocation
- Distribution: 0.86%
- Capital Gains: 0%
- Expense Ratio: 0.71%
- Net Assets: $ 18.05 billion
- Number of Years Up: 25 years
- Number of Years Down: 4 years
- Annual Turnover Rate: 8.87%
This Permanent Portfolio fund has total net assets of $18.05 billion. It is currently under the management of Michael J. Cuggino, the President, CEO and Portfolio Manager with Pacific Heights Asset Management LLC. He started managing this fund in April 2003. Its dividend yield is 0.86%. This fund has low annual expense ratio of 0.71% compared to the average annual expense ratio in Conservative Allocation category (0.91%). The annual holdings turnover as of May 16, 2012 is 8.87%.This turnover rate is lower than the category average (81.30%).
New: YTD Top Performer Conservative Allocation Funds 2012
Note: Other popular Permanent Portfolio funds are Short-Term Treasury Portfolio, Versatile Bond Portfolio and Aggressive Growth Portfolio.
Since its inception in 1982, this conservative allocation balanced fund has recorded in 25 years of positive return and 4 years of negative return. This FMAGX fund has 5-star rating and Neutral rating from Morningstar. The best 1-year total return was achieved in 2003 with 20.45%. The YTD return of this mutual fund is 5.47% and the 5-year average return is 8.57%.
Investors can open a brokerage account to buy this fund with minimum initial purchase of $1,000. The same amount applies for IRA account. There is a minimum subsequent investment of $100. As part of no-load fund, there is no 12b1 fee and no front-end sales load fee. This fund can be purchased from 99 brokerages such as E Trade Financial, Schwab Retail, JP Morgan, T. Rowe Price, Td Ameritrade Inc, Fidelity Retail Funds Network, Ameriprise Brokerage, etc.
The top holdings of this top performer fund are Gold Coins (13.09%), Cash and Cash Equivalents (12.57%), Gold Bullion (6.49%), Swiss Franc Bank Account (4.97%) and Silver Bullion (4.60%). The top portfolio structure is Gold (20%), Natural Resources Stocks (15%), Aggressive Growth Stocks (15%) and Swiss Franc Assets (10%).
The principal investment risks include gold and silver investment risk, foreign currency risk, real estate and natural resource companies risk, foreign and emerging markets risk, security selection risk, etc.
Goods:
- No Sales Load
- Has a diversified portfolio
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