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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$64.74

$11.6 M

1.78%

$1.15

1.21%

Vitals

YTD Return

0.8%

1 yr return

3.3%

3 Yr Avg Return

0.5%

5 Yr Avg Return

0.6%

Net Assets

$11.6 M

Holdings in Top 10

99.8%

52 WEEK LOW AND HIGH

$64.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 48.08%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$64.74

$11.6 M

1.78%

$1.15

1.21%

PRTBX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.57%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Short-Term Treasury Portfolio
  • Fund Family Name
    Permanent Portfolio
  • Inception Date
    May 26, 1987
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Cuggino

Fund Description

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.
The Portfolio expects to maintain a dollar-weighted average portfolio maturity and duration of zero to three years. Dollar-weighted average portfolio maturity is a dollar-weighted average of the remaining term to maturity of a portfolio of debt securities, while duration is a measure of price sensitivity of a debt security or portfolio of debt securities to relative changes in interest rates. The Portfolio is not a money market fund and does not seek to maintain a stable price per share. The Portfolio’s yield will fluctuate as the securities in which it invests mature and the proceeds are reinvested in securities with different interest rates.
Unlike many fixed income funds that pay out dividends monthly or quarterly, the Portfolio follows a dividend policy that permits (but does not assure that) its net asset value per share to rise by distributing its net investment income and net capital gains, if any, only once a year, thus enabling the Portfolio to retain a greater portion of its assets on which interest may continue to be earned.
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PRTBX - Performance

Return Ranking - Trailing

Period PRTBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.5% 2.9% 93.09%
1 Yr 3.3% 0.0% 14.5% 96.30%
3 Yr 0.5%* -1.8% 5.7% 94.17%
5 Yr 0.6%* -0.8% 4.3% 96.26%
10 Yr 0.3%* -4.5% 27.5% 94.78%

* Annualized

Return Ranking - Calendar

Period PRTBX Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -2.3% 4.3% 23.04%
2022 -2.3% -6.5% 0.5% 59.52%
2021 -0.7% -2.1% 0.3% 80.88%
2020 -0.1% -3.1% 1.8% 75.90%
2019 0.1% -1.2% 6.1% 76.09%

Total Return Ranking - Trailing

Period PRTBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -0.5% 2.9% 93.09%
1 Yr 3.3% 0.0% 14.5% 96.30%
3 Yr 0.5%* -1.8% 5.7% 94.17%
5 Yr 0.6%* -0.8% 4.3% 96.26%
10 Yr 0.3%* -4.5% 27.5% 94.78%

* Annualized

Total Return Ranking - Calendar

Period PRTBX Return Category Return Low Category Return High Rank in Category (%)
2023 3.8% 0.8% 12.1% 97.70%
2022 -2.3% -5.1% 2.5% 89.52%
2021 -0.7% -2.1% 14.5% 97.06%
2020 0.1% -1.0% 3.6% 95.90%
2019 1.8% 0.3% 9.6% 90.22%

NAV & Total Return History


PRTBX - Holdings

Concentration Analysis

PRTBX Category Low Category High PRTBX % Rank
Net Assets 11.6 M 25.4 K 22.5 B 70.14%
Number of Holdings 8 2 1304 97.29%
Net Assets in Top 10 11.7 M 32.5 K 18.4 B 92.76%
Weighting of Top 10 99.80% 6.0% 168.1% 1.81%

Top 10 Holdings

  1. U.S. Treasury Notes 15.59%
  2. United States Treasury Bill 15.21%
  3. U.S. Treasury Notes 14.86%
  4. U.S. Treasury Notes 12.34%
  5. U.S. Treasury Notes 11.64%
  6. U.S. Treasury Notes 11.06%
  7. U.S. Treasury Notes 10.78%
  8. U.S. Treasury Notes 8.32%

Asset Allocation

Weighting Return Low Return High PRTBX % Rank
Bonds
99.80% 0.00% 122.45% 4.98%
Cash
0.20% 0.00% 109.89% 99.55%
Stocks
0.00% 0.00% 97.29% 78.28%
Preferred Stocks
0.00% 0.00% 0.00% 74.21%
Other
0.00% -29.59% 99.92% 87.78%
Convertible Bonds
0.00% 0.00% 15.25% 95.45%

Bond Sector Breakdown

Weighting Return Low Return High PRTBX % Rank
Government
62.63% 0.00% 100.00% 5.45%
Derivative
0.00% -29.59% 30.99% 55.66%
Cash & Equivalents
0.00% 0.00% 109.89% 98.19%
Securitized
0.00% 0.00% 100.00% 95.00%
Corporate
0.00% 0.00% 99.91% 96.82%
Municipal
0.00% 0.00% 70.39% 88.18%

Bond Geographic Breakdown

Weighting Return Low Return High PRTBX % Rank
US
99.80% 0.00% 122.45% 4.98%
Non US
0.00% 0.00% 22.24% 80.09%

PRTBX - Expenses

Operational Fees

PRTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.02% 28.11% 7.31%
Management Fee 1.19% 0.00% 1.19% 100.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PRTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

PRTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% N/A

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.

PRTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.08% 0.00% 369.54% 23.66%

PRTBX - Distributions

Dividend Yield Analysis

PRTBX Category Low Category High PRTBX % Rank
Dividend Yield 1.78% 0.00% 7.89% 97.29%

Dividend Distribution Analysis

PRTBX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Monthly Monthly Monthly

Net Income Ratio Analysis

PRTBX Category Low Category High PRTBX % Rank
Net Income Ratio -0.57% -1.30% 14.86% 98.12%

Capital Gain Distribution Analysis

PRTBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PRTBX - Fund Manager Analysis

Managers

Michael Cuggino


Start Date

Tenure

Tenure Rank

May 01, 2003

19.1

19.1%

Mr. Cuggino has served as the President and Portfolio Manager of Permanent Portfolio Family of Funds since his investment advisory firm, Pacific Heights Asset Management, LLC, began managing the Fund’s four Portfolios on May 1, 2003. Mr. Cuggino has served as a trustee of the Fund since 1998, as its Chairman of the Board and President since 2003, and as its Secretary since 2006. From 1993 through 2007, Mr. Cuggino served as the Fund’s Treasurer. Mr. Cuggino serves as the manager and sole trustee of the sole member (also as the President and Chief Executive Officer) of Pacific Heights since its founding in 2002. Mr. Cuggino previously served in various accounting, auditing and taxation capacities at Ernst & Young LLP and one of its predecessor firms, Arthur Young & Company, from 1985 through 1991. Mr. Cuggino is a Certified Public Accountant (inactive) and received his undergraduate degrees in accountancy and management from Bentley University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 0.13