Permanent Portfolio

Ticker: PRPFX CUSIP: 714199106 Class: NTF EQUITY FUNDS

DONALDSON CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001487438)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 5,622 Value ($000) $225 Avg Close — Range —

Q4 2014

Shares 5,622 Value ($000) $222 Avg Close — Range —

Q3 2014

Shares 12,503 Value ($000) $542 Avg Close — Range —

Q2 2014

Shares 19,505 Value ($000) $885 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	5,622	$225	—	—
Q4 2014	5,622	$222	—	—
Q3 2014	12,503	$542	—	—
Q2 2014	19,505	$885	—	—