Permanent Portfolio Short-Term Treasury Portfolio Class I (PRTBX)

Overview

The described company operates as an investment fund focusing primarily on direct debt obligations issued by the U.S. Treasury. It dedicates at least 80% of its assets towards acquiring a mixture of U.S. Treasury bills, notes, and bonds alongside other securities issued by the U.S. Treasury. Unlike a money market fund that aims at maintaining a stable price per share, this fund does not pursue the same goal. Instead, it adopts a strategy aiming to manage a portfolio with a dollar-weighted average maturity and duration ranging from zero to three years. This approach indicates the fund’s emphasis on relatively short-term debt instruments, aligning with its investment strategy and risk management policies.

Products and Services

• U.S. Treasury Bills - Short-term government securities with maturities ranging from a few days to 52 weeks. They are typically sold in a discount from the par value, where the investor receives the face value upon maturity, the difference representing the interest earned.

• U.S. Treasury Notes - These are medium-term securities issued by the U.S. Treasury, with maturities ranging from two to ten years. They pay interest every six months and offer a fixed interest rate, making them an appealing option for investors seeking stable returns over a medium timeframe.

• U.S. Treasury Bonds - Long-term debt instruments with maturities extending beyond ten years, up to 30 years. Similar to notes, they offer semi-annual interest payments but are designed for investors with a longer investment horizon.

• Other Securities Issued by the U.S. Treasury - In addition to the traditional bills, notes, and bonds, the fund may invest in other forms of securities issued by the U.S. Treasury, diversifying its investment portfolio and potentially tapping into different risk and return profiles offered by such securities.