PRPFX lowers expense ratio

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JonathanH
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PRPFX lowers expense ratio

Post by JonathanH » Fri Apr 26, 2013 6:47 pm

It seems like PRPFX has lost a lot of love with members here but I thought I'd point out that it seems to have lowered it's expense ratio to 0.71 according to it's own prospectus.

http://www.permanentportfoliofunds.com/ ... /PRPFX.pdf

"Expense Ratio:

  Gross (before fee waiver) .76%
  Net (after fee waiver)  .71%"

However MSN lists it as having a 0.69 expense ratio:

http://investing.money.msn.com/investme ... mbol=prpfx

"Expense Ratio 0.69%"

Does a lower expense ratio make this mutual fund attractive again to anyone? It sure has had a lot of sideways movement over 2 years.
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Ad Orientem
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Re: PRPFX lowers expense ratio

Post by Ad Orientem » Fri Apr 26, 2013 7:22 pm

It's a small step in the right direction. But they have two problems and they both come down to index funds. Actively managed funds chronically underperform their index. And active funds except at places like Vanguard just have a really hard time competing with passive funds in the area of expenses.

That said PRPFX is best of breed for those who just don't want to deal even minimally with their own investments and are therefor limited to one stop shopping. And let's be honest we all know people whose eyes glaze over at the mere mention of words like "yield" "dividend" "diversification" "capital gains" etc. For people like that, PRPFX is probably the best choice until/unless you can get them to take some interest in their own finances.
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Re: PRPFX lowers expense ratio

Post by cnh » Fri Apr 26, 2013 8:13 pm

Ad Orientem wrote: It's a small step in the right direction. But they have two problems and they both come down to index funds. Actively managed funds chronically underperform their index. And active funds except at places like Vanguard just have a really hard time competing with passive funds in the area of expenses.

That said PRPFX is best of breed for those who just don't want to deal even minimally with their own investments and are therefor limited to one stop shopping. And let's be honest we all know people whose eyes glaze over at the mere mention of words like "yield" "dividend" "diversification" "capital gains" etc. For people like that, PRPFX is probably the best choice until/unless you can get them to take some interest in their own finances.
Boy...that's weird, it sounds like you're talking about my better half.
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