Fund Evaluator:
Permanent Portfolio Aggressive Growth C (PAGHX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Permanent Portfolio Aggressive Growth C Overview
Permanent Portfolio Aggressive Growth C (PAGHX) is an actively managed U.S. Equity Large Blend fund. Permanent Portfolio Family of Funds launched the fund in 2016.
The investment seeks to achieve high (greater than for the stock market as a whole), long-term appreciation in the value of its shares. The fund invests in stocks and stock warrants of U.S. and foreign companies that are expected to have a higher profit potential than the stock market as a whole and whose shares are valued primarily for potential growth in revenues, earnings, dividends or asset values rather than for current income.
About Permanent Portfolio Aggressive Growth C (PAGHX)
There are 1 members of the management team with an average tenure of 23.18 years: Michael Cuggino (2003). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and DJ Industrial Average TR USD index with a weighting of 100%. Permanent Portfolio Aggressive Growth C has 43 securities in its portfolio. The top 10 holdings constitute 47.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Permanent Portfolio Aggressive Growth C is part of the Equity global asset class and is within the U.S. Equity fund group. Permanent Portfolio Aggressive Growth C has 3.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.2%. There is 3.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Permanent Portfolio Aggressive Growth C has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PAGHX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Permanent Portfolio Aggressive Growth C expense ratio is high compared to funds in the Large Blend category. Permanent Portfolio Aggressive Growth C has an expense ratio of 2.10%, which is 159% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Permanent Portfolio Aggressive Growth C has a portfolio turnover rate of 2%, indicating that holds its assets around 0.4 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, Permanent Portfolio Aggressive Growth C returned -3.3%, which earned it a grade of F, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Permanent Portfolio Aggressive Growth C has a trailing yield of 0.00%, which is below the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Permanent Portfolio Aggressive Growth C Grades
Year to date, the fund has returned 9.6%, 0.6 percentage points better than the category, which translates into a grade of C. The fund has returned 28.1% over the past year (grade of A), 34.4% over the past three years (grade of A) and 17.0% per year over the past five years (grade of A) and 18.2% per year over the past 10 years (grade of A).
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PAGHX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PAGHX Return (NAV) | -3.3% | 10.2% | 28.1% | 34.4% | 17.0% | 18.2% |
| PAGHX Grade | F | F | A | A | A | A |
| +/- Category | -3.1% | -3.7% | 8.6% | 15.9% | 5.4% | 4.2% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| PAGHX Tax Cost Ratio | na | na | 0.0% | 0.7% | 1.2% | 1.9% |
PAGHX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PAGHX Return (NAV) | 9.6% | 35.6% | 43.1% | 37.4% | -26.8% | 23.6% | 36.6% | 26.5% | -13.3% | 20.0% | 12.2% |
| PAGHX Grade | C | A | A | A | F | F | A | F | F | D | B |
| +/- Category | 0.6% | 19.7% | 20.9% | 13.7% | -9.5% | -2.9% | 19.1% | -3.3% | -7.4% | -1.3% | 1.9% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 16.6% |
| Total Risk Index: | 1.37 - High |
| Category Risk Index: | 1.26 - High |
| Category Risk Grade: | F (101% Rank) |
| Beta: | 1.16 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $593 Mil |
| Fund Total Assets: | $ 6 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 3% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 23.2 years | |||
| Average Tenure: 23.2 years | |||
| Managers (Year): Cuggino Michael (2003) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 43 |
| % in Top 10 Holdings: | 47.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 3.4% |
Portfolio Allocation |
|
| Domestic Stock: | 96.2% |
| Foreign Stock: | 3.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Permanent Portfolio Family of Funds |
| Phone Number: | 800-341-8900 |
| Website: | www.permanentportfoliofunds.com |
| Status: | Open |
| Inception Date: | May 31, 2016 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.10% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Permanent Portfolio Aggressive Growth I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
