Permanent Portfolio Short-Term Treasury Portfolio (PRTBX)
The investment seeks to earn high current income, consistent with safety and liquidity of principal. The fund 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 adviser expects to maintain a dollar-weighted average portfolio maturity and duration of zero to three years. It is not a money market fund and does not seek to maintain a stable price per share.
Fund Info
| ISIN | US7141992054 |
|---|---|
| CUSIP | 714199205 |
| Issuer | Permanent Portfolio |
| Inception Date | Sep 21, 1987 |
| Category | Ultrashort Bond |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
PRTBX has a high expense ratio of 0.65%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: PRTBX vs. VFINX, PRTBX vs. NVDA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Permanent Portfolio Short-Term Treasury Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Permanent Portfolio Short-Term Treasury Portfolio had a return of 1.28% year-to-date (YTD) and 3.52% in the last 12 months. Over the past 10 years, Permanent Portfolio Short-Term Treasury Portfolio had an annualized return of 0.38%, while the S&P 500 had an annualized return of 10.90%, indicating that Permanent Portfolio Short-Term Treasury Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.28% | 11.05% |
| 1 month | 0.46% | 4.86% |
| 6 months | 2.07% | 17.50% |
| 1 year | 3.52% | 27.37% |
| 5 years (annualized) | 0.61% | 13.14% |
| 10 years (annualized) | 0.38% | 10.90% |
Monthly Returns
The table below presents the monthly returns of PRTBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.39% | 0.09% | 0.34% | 0.09% | 1.28% | ||||||||
| 2023 | 0.56% | -0.47% | 1.25% | 0.17% | -0.16% | -0.13% | 0.36% | 0.41% | 0.25% | 0.39% | 0.53% | 0.58% | 3.79% |
| 2022 | -0.39% | -0.23% | -0.59% | -0.27% | 0.27% | -0.09% | 0.36% | -0.77% | -1.14% | -0.10% | 0.48% | 0.17% | -2.28% |
| 2021 | -0.05% | -0.05% | -0.05% | -0.05% | -0.06% | -0.05% | -0.06% | -0.05% | -0.05% | -0.09% | -0.05% | -0.15% | -0.74% |
| 2020 | 0.08% | 0.14% | 0.28% | -0.02% | -0.06% | -0.03% | -0.05% | -0.05% | -0.05% | -0.05% | -0.05% | -0.05% | 0.10% |
| 2019 | 0.17% | 0.15% | 0.20% | 0.15% | 0.18% | 0.21% | 0.11% | 0.15% | 0.12% | 0.12% | 0.08% | 0.09% | 1.76% |
| 2018 | 0.05% | 0.02% | 0.09% | 0.06% | 0.11% | 0.09% | 0.11% | 0.12% | 0.06% | 0.12% | 0.15% | 0.17% | 1.16% |
| 2017 | 0.08% | -0.02% | -0.06% | -0.00% | -0.02% | -0.00% | 0.06% | 0.05% | 0.02% | 0.02% | -0.05% | 0.05% | 0.12% |
| 2016 | -0.02% | -0.03% | 0.03% | -0.02% | -0.09% | 0.14% | -0.05% | -0.08% | 0.02% | -0.03% | -0.12% | -0.00% | -0.25% |
| 2015 | -0.06% | -0.05% | -0.06% | -0.05% | -0.05% | -0.06% | -0.08% | -0.05% | -0.03% | -0.06% | -0.06% | -0.05% | -0.64% |
| 2014 | -0.05% | -0.06% | -0.05% | -0.05% | -0.06% | -0.05% | -0.06% | -0.06% | -0.05% | -0.06% | -0.05% | -0.06% | -0.64% |
| 2013 | -0.05% | -0.05% | -0.05% | -0.05% | -0.05% | -0.06% | -0.05% | -0.06% | -0.05% | -0.06% | -0.06% | -0.05% | -0.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PRTBX is 90, placing it in the top 10% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PRTBX (Permanent Portfolio Short-Term Treasury Portfolio)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Permanent Portfolio Short-Term Treasury Portfolio (PRTBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Permanent Portfolio Short-Term Treasury Portfolio granted a 1.77% dividend yield in the last twelve months. The annual payout for that period amounted to $1.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.15 | $1.15 | $0.00 | $0.00 | $0.14 | $1.07 | $0.54 |
Dividend yield | 1.77% | 1.79% | 0.00% | 0.00% | 0.21% | 1.65% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Permanent Portfolio Short-Term Treasury Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.15 | $1.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2018 | $0.54 | $0.54 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Permanent Portfolio Short-Term Treasury Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Permanent Portfolio Short-Term Treasury Portfolio was 5.12%, occurring on Oct 20, 2022. Recovery took 343 trading sessions.
The current Permanent Portfolio Short-Term Treasury Portfolio drawdown is 0.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.12% | Dec 5, 2008 | 3492 | Oct 20, 2022 | 343 | Mar 5, 2024 | 3835 |
| -1.97% | Dec 19, 1991 | 1 | Dec 19, 1991 | 149 | Jul 15, 1992 | 150 |
| -1% | Aug 20, 1999 | 2 | Aug 23, 1999 | 1 | Aug 24, 1999 | 3 |
| -0.63% | Dec 19, 1990 | 1 | Dec 19, 1990 | 28 | Jan 28, 1991 | 29 |
| -0.3% | Sep 18, 2008 | 2 | Sep 19, 2008 | 16 | Oct 13, 2008 | 18 |
Volatility
Volatility Chart
The current Permanent Portfolio Short-Term Treasury Portfolio volatility is 0.13%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.