Permanent Portfolio Versatile Bond Portfolio (PRVBX)
The investment seeks to earn high current income. In pursuit of its investment objective, under normal market conditions, the fund invests at least 80% of its assets in bonds, which may include debt securities of all types and of any maturity. The adviser may invest in bonds with a range of maturities from short- to long-term and does not attempt to maintain any pre-set average portfolio maturity or duration. Its duration will vary, depending on the investment adviser's forecast of interest rates and its assessment of market risks generally. The fund may invest in both "investment grade" and "below investment grade" bonds.
Fund Info
US7141994035
714199403
Sep 27, 1991
$1,000
Expense Ratio
PRVBX features an expense ratio of 0.64%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Permanent Portfolio Versatile Bond 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 Versatile Bond Portfolio had a return of 0.75% year-to-date (YTD) and 5.80% in the last 12 months. Over the past 10 years, Permanent Portfolio Versatile Bond Portfolio had an annualized return of 3.56%, while the S&P 500 had an annualized return of 11.26%, indicating that Permanent Portfolio Versatile Bond Portfolio did not perform as well as the benchmark.
PRVBX
0.75%
0.23%
1.81%
5.80%
3.72%
3.56%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of PRVBX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.69% | 0.75% | |||||||||||
| 2024 | 1.02% | 0.05% | 0.52% | -0.50% | 1.09% | 0.37% | 1.18% | 0.88% | 1.40% | -0.26% | 0.32% | -0.42% | 5.78% |
| 2023 | 2.86% | -0.87% | -0.02% | 0.86% | -0.43% | 0.45% | 0.69% | 0.42% | -0.03% | -0.27% | 1.61% | 1.49% | 6.91% |
| 2022 | -0.86% | -0.88% | -1.03% | -1.41% | 0.49% | -1.90% | 1.41% | -0.65% | -1.38% | -1.38% | 1.83% | -0.24% | -5.91% |
| 2021 | 0.61% | 0.33% | 0.56% | 0.72% | 0.31% | 0.33% | 0.45% | 0.08% | -0.11% | -0.09% | -0.41% | 0.12% | 2.93% |
| 2020 | 1.01% | -0.74% | -11.70% | 9.00% | 2.88% | 1.30% | 3.03% | 1.96% | -0.99% | 0.55% | 2.55% | 1.88% | 9.88% |
| 2019 | 1.67% | 0.91% | 1.31% | 0.15% | 0.70% | 1.06% | 0.38% | 0.84% | 0.21% | 0.75% | 0.39% | 0.56% | 9.29% |
| 2018 | 0.21% | -0.07% | -0.17% | 1.42% | 1.14% | -0.27% | 0.63% | 0.05% | 0.15% | -0.41% | -0.90% | 0.27% | 2.04% |
| 2017 | 0.44% | 1.27% | -1.54% | -0.07% | -0.82% | -0.53% | 1.00% | 0.55% | 0.12% | 0.37% | 0.41% | -0.48% | 0.69% |
| 2016 | -4.44% | 1.56% | 6.68% | 2.59% | 0.89% | 1.23% | 0.70% | 1.38% | 1.18% | 1.69% | 0.10% | 0.03% | 14.09% |
| 2015 | 1.58% | 0.63% | -0.57% | 0.59% | -0.43% | -1.86% | -0.32% | -1.64% | -0.69% | -0.22% | -1.16% | -3.02% | -6.96% |
| 2014 | 1.66% | 0.94% | 0.39% | 1.16% | 1.13% | 0.65% | -0.59% | 1.64% | -1.32% | 0.22% | -0.00% | -2.60% | 3.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, PRVBX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Permanent Portfolio Versatile Bond Portfolio (PRVBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Permanent Portfolio Versatile Bond Portfolio provided a 3.59% dividend yield over the last twelve months, with an annual payout of $2.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.31 | $2.31 | $1.98 | $1.11 | $0.56 | $3.03 | $1.53 | $0.98 | $1.89 | $1.74 | $2.57 | $1.91 |
Dividend yield | 3.59% | 3.61% | 3.16% | 1.83% | 0.85% | 4.72% | 2.51% | 1.71% | 3.30% | 2.96% | 4.86% | 3.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Permanent Portfolio Versatile Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.31 | $2.31 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $1.98 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.03 | $3.03 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 | $1.53 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.89 | $1.89 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.74 | $1.74 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.57 | $2.57 |
| 2014 | $1.91 | $1.91 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Permanent Portfolio Versatile Bond 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 Versatile Bond Portfolio was 16.91%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current Permanent Portfolio Versatile Bond Portfolio drawdown is 0.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.91% | Feb 24, 2020 | 21 | Mar 23, 2020 | 52 | Jun 5, 2020 | 73 |
| -14.82% | Sep 2, 2014 | 366 | Feb 12, 2016 | 155 | Sep 23, 2016 | 521 |
| -8.22% | Sep 15, 2021 | 288 | Nov 3, 2022 | 287 | Dec 27, 2023 | 575 |
| -4.24% | May 10, 2013 | 31 | Jun 24, 2013 | 169 | Feb 25, 2014 | 200 |
| -3.6% | Feb 27, 2017 | 104 | Jul 25, 2017 | 188 | Apr 24, 2018 | 292 |
Volatility
Volatility Chart
The current Permanent Portfolio Versatile Bond Portfolio volatility is 0.53%, 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.