Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.1%
1 yr return
4.8%
3 Yr Avg Return
-0.1%
5 Yr Avg Return
2.9%
Net Assets
$90.6 M
Holdings in Top 10
36.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.21%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 34.70%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PRVHX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return -0.1%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.52%
- Dividend Yield 2.5%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVersatile Bond Portfolio
-
Fund Family NamePermanent Portfolio
-
Inception DateSep 27, 1991
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Cuggino
Fund Description
• | obligations of U.S. and non-U.S. issuers, including corporate bonds, convertible bonds and commercial paper; |
• | securities issued or guaranteed by the U.S. government, its agencies or government-sponsored enterprises; |
• | obligations of non-U.S. governments or their subdivisions, agencies and government-sponsored enterprises; |
• | obligations of supranational entities; |
• | bank obligations, including certificates of deposit, fixed time deposits, bank notes and bankers’ acceptances; and |
• | repurchase agreements. |
PRVHX - Performance
Return Ranking - Trailing
Period | PRVHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.1% | -4.1% | 11.0% | 35.64% |
1 Yr | 4.8% | -3.7% | 25.4% | 17.67% |
3 Yr | -0.1%* | -6.7% | 4.0% | 62.38% |
5 Yr | 2.9%* | -4.4% | 4.6% | 3.59% |
10 Yr | N/A* | -19.2% | 169.7% | 2.68% |
* Annualized
Return Ranking - Calendar
Period | PRVHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.2% | -5.4% | 7.6% | 6.57% |
2022 | -7.7% | -17.7% | -2.6% | 67.53% |
2021 | 1.6% | -4.0% | 4.4% | 2.11% |
2020 | 4.2% | -8.3% | 7.6% | 2.16% |
2019 | 6.6% | -2.3% | 9.3% | 0.81% |
Total Return Ranking - Trailing
Period | PRVHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.1% | -4.1% | 11.0% | 35.64% |
1 Yr | 4.8% | -3.7% | 25.4% | 17.67% |
3 Yr | -0.1%* | -6.7% | 4.0% | 62.38% |
5 Yr | 2.9%* | -4.4% | 4.6% | 3.59% |
10 Yr | N/A* | -19.2% | 169.7% | 2.46% |
* Annualized
Total Return Ranking - Calendar
Period | PRVHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -1.1% | 15.2% | 41.06% |
2022 | -6.8% | -17.3% | -1.3% | 85.71% |
2021 | 1.9% | -2.7% | 7.7% | 7.47% |
2020 | 8.8% | -4.4% | 14.5% | 1.76% |
2019 | 8.2% | 0.6% | 12.6% | 1.82% |
NAV & Total Return History
PRVHX - Holdings
Concentration Analysis
PRVHX | Category Low | Category High | PRVHX % Rank | |
---|---|---|---|---|
Net Assets | 90.6 M | 14.5 K | 57.3 B | 89.09% |
Number of Holdings | 78 | 2 | 9251 | 87.64% |
Net Assets in Top 10 | 34.9 M | 993 K | 6.33 B | 85.64% |
Weighting of Top 10 | 36.35% | 1.8% | 108.7% | 25.09% |
Top 10 Holdings
- El Paso Energy Capital Trust I 5.43%
- Imperial Brands Finance PLC 4.73%
- Lazard Group LLC 4.60%
- BAT Capital Corp 3.60%
- Affiliated Managers Group Inc 3.12%
- Trimble Inc 3.09%
- Kemper Corp 3.08%
- Kennametal Inc 3.06%
- Manufacturers Traders Trust Co 3.04%
- United States Cash Management Bill - Reopening 2.60%
Asset Allocation
Weighting | Return Low | Return High | PRVHX % Rank | |
---|---|---|---|---|
Bonds | 80.71% | 0.00% | 130.36% | 68.36% |
Preferred Stocks | 18.48% | 0.00% | 22.27% | 1.09% |
Convertible Bonds | 2.00% | 0.00% | 27.71% | 56.47% |
Cash | 0.81% | -20.59% | 62.18% | 74.91% |
Stocks | 0.00% | 0.00% | 103.64% | 39.45% |
Other | 0.00% | -0.97% | 72.36% | 78.91% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PRVHX % Rank | |
---|---|---|---|---|
Corporate | 99.82% | 0.00% | 100.00% | 0.73% |
Derivative | 0.00% | -0.55% | 28.01% | 46.55% |
Cash & Equivalents | 0.00% | 0.00% | 62.18% | 88.55% |
Securitized | 0.00% | 0.00% | 97.27% | 96.36% |
Municipal | 0.00% | 0.00% | 17.46% | 61.38% |
Government | 0.00% | 0.00% | 73.63% | 95.08% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PRVHX % Rank | |
---|---|---|---|---|
US | 80.71% | 0.00% | 130.36% | 65.82% |
Non US | 0.00% | 0.00% | 83.16% | 34.36% |
PRVHX - Expenses
Operational Fees
PRVHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.21% | 0.01% | 3.24% | 1.10% |
Management Fee | 1.19% | 0.00% | 1.19% | 100.00% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 85.56% |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
PRVHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | 1.00% | 0.50% | 4.00% | 15.00% |
Trading Fees
PRVHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
PRVHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 34.70% | 2.00% | 500.00% | 15.18% |
PRVHX - Distributions
Dividend Yield Analysis
PRVHX | Category Low | Category High | PRVHX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.47% | 0.00% | 11.12% | 96.18% |
Dividend Distribution Analysis
PRVHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PRVHX | Category Low | Category High | PRVHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.52% | -1.27% | 4.98% | 83.09% |
Capital Gain Distribution Analysis
PRVHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 06, 2023 | $1.534 | OrdinaryDividend |
Dec 07, 2022 | $0.590 | OrdinaryDividend |
Dec 08, 2021 | $0.194 | OrdinaryDividend |
Dec 09, 2020 | $2.795 | OrdinaryDividend |
Dec 04, 2019 | $0.932 | OrdinaryDividend |
Dec 06, 2018 | $0.454 | OrdinaryDividend |
Dec 06, 2017 | $1.354 | OrdinaryDividend |
PRVHX - 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 |
---|---|---|---|
0.07 | 28.77 | 6.16 | 2.41 |