The Permanent Portfolio Family of Funds



Permanent Portfolio Family of Funds, Inc. (“Fund”) is an investment company consisting of four distinct mutual funds (each a “Portfolio”): Permanent Portfolio, Short-Term Treasury Portfolio, Versatile Bond Portfolio, and Aggressive Growth Portfolio.





	PERFORMANCE & DISTRIBUTIONS

PERFORMANCE

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Investment performance, current to the most recent month-end, may be lower or higher than the performance quoted. It can be obtained by calling (800) 531-5142.

Average Total Returns (for the periods ended December 31, 2011)

PRPFX

PERMANENT PORTFOLIO
	1 Year	5 Years	10 Years
Return Before Taxes	2.13%	8.38%	10.94%

Return After Taxes on Distributions	1.86%	8.13%	10.62%

Return After Taxes on Distributions and Sale of Fund Shares	1.67%	7.17%	9.63%

*Citigroup 3-Month U.S. Treasury Bill Index*	0.08%	1.36%	1.85%

*S&P 500 Composite Stock Index*	2.11%	-0.25%	2.92%

Expense Ratios¹: Gross 0.78%, Net 0.77%

¹For the year ended January 31, 2011, as stated in our most recent prospectus, dated May 31, 2011. The Net Expense Ratio reflects a contractual waiver of investment advisory fees in effect for the year then ended. The Portfolio's investment adviser has agreed to continue the waiver at least through June 1, 2012.

PRTBX

SHORT TERM TREASURY PORTFOLIO
	1 Year	5 Years	10 Years
Return Before Taxes	-0.60%	0.70%	1.11%

Return After Taxes on Distributions	-0.60%	0.23%	0.72%

Return After Taxes on Distributions and Sale of Fund Shares	-0.39%	0.33%	0.74%

*Citigroup 3-Month U.S. Treasury Bill Index*	0.08%	1.36%	1.85%

Expense Ratios²: Gross 1.23%, Net 0.73%

²For the year ended January 31, 2011, as stated in our most recent prospectus, dated May 31, 2011. The Net Expense Ratio reflects a contractual waiver of investment advisory fees in effect for the year then ended. The Portfolio's investment adviser has agreed to continue the waiver at least through June 1, 2012.

PRVBX

VERSATILE BOND PORTFOLIO
	1 Year	5 Years	10 Years
Return Before Taxes	0.19%	2.14%	2.04%

Return After Taxes on Distributions	0.08%	1.42%	1.27%

Return After Taxes on Distributions and Sale of Fund Shares	0.12%	1.41%	1.30%

*Citigroup BIG Credit AAA/AA Index 1-3 Year Corporate Index*	1.53%	3.96%	3.80%

*Citigroup U.S. BIG Credit A 1-3 Year Corporate Bond Index*	1.54%	4.19%	4.09%

Expense Ratios³: Gross 1.21%, Net 0.83%

³ For the year ended January 31, 2011, as stated in our most recent prospectus, dated May 31, 2011. The Net Expense Ratio reflects a contractual waiver of investment advisory fees in effect for the year then ended. The Portfolio's investment adviser has agreed to continue the waiver at least through June 1, 2012.

PAGRX

AGGRESSIVE GROWTH PORTFOLIO
	1 Year	5 Years	10 Years
Return Before Taxes	-7.52%	-1.94%	3.42%

Return After Taxes on Distributions	-8.43%	-3.30%	2.10%

Return After Taxes on Distributions and Sale of Fund Shares	-3.64%	-1.82%	2.82%

*Dow Jones Industrial Average*	8.38%	2.37%	4.57%

*S&P 500 Composite Stock Index*	2.11%	-0.25%	2.92%

Expense Ratios⁴: Gross 1.22%

⁴ For the year ended January 31, 2011, as stated in our most recent Prospectus.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. In particular, after-tax returns are not relevant to investors who hold their shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

	Performance
	Dividends & Distributions
	Annual Returns Since Inception
	- PRPFX
	- PRTBX
	- PRVBX
	- PAGRX


	2012 MONTHLY PERFORMANCE

	January

Disclosure:

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The Prospectus contains this and other important information about the investment companies. A hard copy may be obtained by calling (800) 531-5142. Read it carefully before investing.

Citigroup 3-Month U.S. Treasury Bill Index tracks the performance of U.S. Treasury Bills with a remaining maturity of three months. S&P 500 Composite Stock Index is a market-capitalization weighted index of common stocks and represents an unmanaged portfolio of common stocks. Citigroup BIG Credit AAA/AA 1-3 Year Corporate Index and Citigroup U.S. BIG Credit A 1-3 Years Corporate Bond Index are components of Citigroup Broad Investment-Grade (BIG) Bond Index, which is an unmanaged, capitalization-weighted index of investment-grade fixed-income securities and is generally considered representative of the U.S. Bond market. Dow Jones Industrial Average is an average of the stock prices of thirty large companies and represents a widely recognized unmanaged portfolio of common stocks. You cannot invest directly in an index.

Each of the investment products or services referred to on this site may be offered only to investors residing in the United States. This site should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States.

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to certain laws or regulations. Because of the global nature of the Internet, all persons and entities accessing this site do so on their own initiative and agree to comply with all applicable local laws and regulations.

Mutual fund investing involves risk; loss of principal is possible.

Pacific Heights Asset Management, LLC is the investment adviser to Permanent Portfolio Family of Funds, Inc. The Fund is distributed by Quasar Distributors, LLC, a member of FINRA.