PRPDX Fees and Costs — Permanent Portfolio, Class A
Data updated: 2026-09-25
The net expense ratio is 1.04%: a 0.77% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses. This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $186K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 16%.
PRPDX Fees and Expenses
Annual operating expenses and sales charges of PRPDX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.04% |
| Fee waiver | — |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PRPDX Costs Over Time
On $10,000 invested in PRPDX, assuming 5% a year before costs, total costs come to $1,258 over 5 years, cutting the return by 2.16% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $599 | $500 | $500 |
| Fund expenses (net expense ratio 1.04%) | $104 | $324 | $561 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $25 | $95 | $195 |
| Total costs | $728 | $919 | $1,258 |
| Value after costs | $9,772 | $10,657 | $11,505 |
| Impact on return, per year | 7.28% | 2.86% | 2.16% |
PRPDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0034%
- Total broker commissions: $186K
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
PRPDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $130K | 69.87% |
| Jefferies LLC | $56K | 30.13% |
PRPDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $1.6B | 61.12% |
| UBS Securities LLC | $378.5M | 14.07% |
| J.P. Morgan Securities LLC | $289.6M | 10.77% |
| Goldman Sachs & Co. LLC | $143.8M | 5.34% |
| HSBC Securities (USA) Inc. | $84.7M | 3.15% |
| Barclays Capital Inc. | $78.2M | 2.91% |
| RBC Capital Markets, LLC | $44.1M | 1.64% |
| BofA Securities, Inc. | $14.0M | 0.52% |
| Jefferies LLC | $10.3M | 0.38% |
| Robert W. Baird & Co. Incorporated | $2.8M | 0.11% |
Permanent Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PRPFX | Class I | 0.79% | none |
| PRPDX | Class A | 1.04% | 5.00% |
| PRPHX | Class C | 1.79% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.