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Home > Financial Services > Mutual Funds > Permanent Portfolio
Permanent Portfolio
Permanent Portfolio Family of Funds seeks performance results that equal or exceed the rate of inflation. The fund maintains target percentages for investing in each of the following categories: 20 percent of assets in gold, 5 percent in silver, 10 percent in Swiss franc assets, 15 percent in stocks of U.S. and foreign real-estate and natural-resource companies, 15 percent in U.S. aggressive-growth stocks and 35 percent in cash, Treasury bills and notes.
Cuggino a certified public accountant currently serves as President, Treasurer and a Director of the Fund as well as President and Chief Executive Officer of Pacific Heights Asset Management LLC the Funds investment adviser. Previously he served as Treasurer of the Fund since 1993, as a director of the Fund since 1998 and as a consultant to the Funds former investment adviser since 1991. Prior to that, Cuggino was employed in various capacities by Ernst &Young LLP from 1985 through 1991.
Permanent Portfolio Family of Funds, Inc. Fund is a no-load diversified management investment company consisting of four portfolios Permanent Portfolio Treasury Bill Portfolio, Versatile Bond Portfolio and Aggressive Growth Portfolio, Portfolio. Each Portfolio has a distinct investment policy and investment objective, and seeks, where practicable, to minimize or defer the recognition of taxable income by its shareholders. Investments may include gold and silver bullion and bullion-type coins; Swiss franc denominated deposits and bonds of the federal government of Switzerland of any maturity; stocks of U.S. and foreign companies whose assets consist primarily of real estate and natural resources such as oil and minerals; stock warrants and stocks of U.S. companies that are expected to have a higher price volatility than the stock market as a whole.
An investment in the Permanent Portfolio, as with any mutual fund, is not guaranteed you may lose money by investing in the Permanent Portfolio. Even if the Permanent Portfolio does achieve its objective over the long term, it is subject to the risk of suffering substantial short-term losses from time to time, because investment prices generally respond to changes in the pattern of inflation with lags and delays that are impossible to foresee. However, the result of investing with Permanent Portfolio can be satisfying and could lead into a long term investment.
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