Permanent Portfolio

Ticker: PRPFX CUSIP: 714199106 Class: NTF EQUITY FUNDS

Hemenway Trust Co LLC's Holding History (CIK: 0001494234)

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

Q3 2013

Shares 36,883 Value ($000) $1,750 Avg Close — Range —

Q2 2013

Shares 36,883 Value ($000) $1,657 Avg Close — Range —

Q1 2013

Shares 36,883 Value ($000) $1,804 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	36,883	$1,750	—	—
Q2 2013	36,883	$1,657	—	—
Q1 2013	36,883	$1,804	—	—