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				<link:loc xlink:type="locator" xlink:href="#ppff_MarketRisksMember" xlink:label="MarketRisksMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="MarketRisksMember" order="21.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_BelowInvestmentGradeBondRiskMember" xlink:label="BelowInvestmentGradeBondRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="BelowInvestmentGradeBondRiskMember" order="22.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_LiquidityRiskMember" xlink:label="LiquidityRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="LiquidityRiskMember" order="23.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestingInPreferredStocksMember" xlink:label="RisksOfInvestingInPreferredStocksMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="RisksOfInvestingInPreferredStocksMember" order="24.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestingInForeignGovernmentAndSupranationalOrganizationObligationsMember" xlink:label="RisksOfInvestingInForeignGovernmentAndSupranationalOrganizationObligationsMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="RisksOfInvestingInForeignGovernmentAndSupranationalOrganizationObligationsMember" order="25.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_CurrencyRiskMember" xlink:label="CurrencyRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="CurrencyRiskMember" order="26.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_HedgingRiskMember" xlink:label="HedgingRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="HedgingRiskMember" order="27.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RepurchaseAgreementRiskMember" xlink:label="RepurchaseAgreementRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="RepurchaseAgreementRiskMember" order="28.0"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_InvestmentStyleRiskMember" xlink:label="InvestmentStyleRiskMember"/>
				<link:definitionArc xlink:type="arc" xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="AllRisksMember" xlink:to="InvestmentStyleRiskMember" order="29.0"/>
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				<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentDomain" xlink:label="DocumentDomain"/>
				
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            </link:definitionLink>
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            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
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            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
            <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
            <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
				<link:loc xlink:type="locator" xlink:href="#ppff_S000006016Member" xlink:label="S000006016Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000006016Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Permanent Portfolio</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006016Member" xlink:to="label_S000006016Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000006016Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000006016 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006016Member" xlink:to="label_S000006016Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_S000006016FTSE3MonthUSTreasuryBillIndexMember" xlink:label="S000006016FTSE3MonthUSTreasuryBillIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000006016FTSE3MonthUSTreasuryBillIndexMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">FTSE 3-Month U.S. Treasury Bill Index (reflects no deduction for fees, expenses or taxes)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006016FTSE3MonthUSTreasuryBillIndexMember" xlink:to="label_S000006016FTSE3MonthUSTreasuryBillIndexMember"/>
				<link:label xlink:type="resource" xlink:label="label_S000006016FTSE3MonthUSTreasuryBillIndexMember_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000006016 FTSE 3 Month U S Treasury Bill Index [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006016FTSE3MonthUSTreasuryBillIndexMember" xlink:to="label_S000006016FTSE3MonthUSTreasuryBillIndexMember_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_S000006016SP500Member" xlink:label="S000006016SP500Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000006016SP500Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">S&amp;P 500 (reflects no deduction for fees, expenses or taxes)</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006016SP500Member" xlink:to="label_S000006016SP500Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000006016SP500Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000006016 S P 500 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006016SP500Member" xlink:to="label_S000006016SP500Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_C000016538Member" xlink:label="C000016538Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000016538Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Class I</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000016538Member" xlink:to="label_C000016538Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000016538Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000016538 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000016538Member" xlink:to="label_C000016538Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_C000170323Member" xlink:label="C000170323Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000170323Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Class C</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000170323Member" xlink:to="label_C000170323Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000170323Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000170323 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000170323Member" xlink:to="label_C000170323Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_C000170324Member" xlink:label="C000170324Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000170324Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Class A</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000170324Member" xlink:to="label_C000170324Member"/>
				<link:label xlink:type="resource" xlink:label="label_C000170324Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000170324 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000170324Member" xlink:to="label_C000170324Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_InterestRateRisksMember" xlink:label="InterestRateRisksMember"/>
				<link:label xlink:type="resource" xlink:label="label_InterestRateRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Interest rate risks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InterestRateRisksMember" xlink:to="label_InterestRateRisksMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_CreditRisksMember" xlink:label="CreditRisksMember"/>
				<link:label xlink:type="resource" xlink:label="label_CreditRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Credit risks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CreditRisksMember" xlink:to="label_CreditRisksMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_USGovernmentAndAgencySecuritiesRiskMember" xlink:label="USGovernmentAndAgencySecuritiesRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_USGovernmentAndAgencySecuritiesRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">U S government and agency securities risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="USGovernmentAndAgencySecuritiesRiskMember" xlink:to="label_USGovernmentAndAgencySecuritiesRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_IncomeRiskMember" xlink:label="IncomeRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_IncomeRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Income risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="IncomeRiskMember" xlink:to="label_IncomeRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_PrepaymentAndExtensionRiskMember" xlink:label="PrepaymentAndExtensionRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_PrepaymentAndExtensionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Prepayment and extension risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PrepaymentAndExtensionRiskMember" xlink:to="label_PrepaymentAndExtensionRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_InflationRiskMember" xlink:label="InflationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_InflationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Inflation risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InflationRiskMember" xlink:to="label_InflationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_SecuritySelectionRiskMember" xlink:label="SecuritySelectionRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_SecuritySelectionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Security selection risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SecuritySelectionRiskMember" xlink:to="label_SecuritySelectionRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestmentsInGoldAndSilverMember" xlink:label="RisksOfInvestmentsInGoldAndSilverMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInvestmentsInGoldAndSilverMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of investments in gold and silver [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInvestmentsInGoldAndSilverMember" xlink:to="label_RisksOfInvestmentsInGoldAndSilverMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestmentsInSwissFrancAssetsMember" xlink:label="RisksOfInvestmentsInSwissFrancAssetsMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInvestmentsInSwissFrancAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of investments in Swiss franc assets [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInvestmentsInSwissFrancAssetsMember" xlink:to="label_RisksOfInvestmentsInSwissFrancAssetsMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestmentsInRealEstateAndNaturalResourceStocksMember" xlink:label="RisksOfInvestmentsInRealEstateAndNaturalResourceStocksMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInvestmentsInRealEstateAndNaturalResourceStocksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of investments in real estate and natural resource stocks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInvestmentsInRealEstateAndNaturalResourceStocksMember" xlink:to="label_RisksOfInvestmentsInRealEstateAndNaturalResourceStocksMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestmentsInAggressiveGrowthStocksMember" xlink:label="RisksOfInvestmentsInAggressiveGrowthStocksMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInvestmentsInAggressiveGrowthStocksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of investments in aggressive growth stocks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInvestmentsInAggressiveGrowthStocksMember" xlink:to="label_RisksOfInvestmentsInAggressiveGrowthStocksMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestmentsInDollarAssetsMember" xlink:label="RisksOfInvestmentsInDollarAssetsMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInvestmentsInDollarAssetsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of investments in dollar assets [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInvestmentsInDollarAssetsMember" xlink:to="label_RisksOfInvestmentsInDollarAssetsMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestingInForeignAndEmergingMarketsMember" xlink:label="RisksOfInvestingInForeignAndEmergingMarketsMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInvestingInForeignAndEmergingMarketsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of investing in foreign and emerging markets [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInvestingInForeignAndEmergingMarketsMember" xlink:to="label_RisksOfInvestingInForeignAndEmergingMarketsMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_AllocationRiskMember" xlink:label="AllocationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_AllocationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Allocation risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="AllocationRiskMember" xlink:to="label_AllocationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_BankObligationsRiskMember" xlink:label="BankObligationsRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_BankObligationsRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Bank obligations risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="BankObligationsRiskMember" xlink:to="label_BankObligationsRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RedemptionRiskMember" xlink:label="RedemptionRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_RedemptionRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Redemption risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RedemptionRiskMember" xlink:to="label_RedemptionRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInKindRedemptionsMember" xlink:label="RisksOfInKindRedemptionsMember"/>
				<link:label xlink:type="resource" xlink:label="label_RisksOfInKindRedemptionsMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Risks of in kind redemptions [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="RisksOfInKindRedemptionsMember" xlink:to="label_RisksOfInKindRedemptionsMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_WarrantRiskMember" xlink:label="WarrantRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_WarrantRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Warrant risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="WarrantRiskMember" xlink:to="label_WarrantRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_CapitalizationRiskMember" xlink:label="CapitalizationRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CapitalizationRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Capitalization risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="CapitalizationRiskMember" xlink:to="label_CapitalizationRiskMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_MarketRisksMember" xlink:label="MarketRisksMember"/>
				<link:label xlink:type="resource" xlink:label="label_MarketRisksMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Market risks [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="MarketRisksMember" xlink:to="label_MarketRisksMember"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_S000006017Member" xlink:label="S000006017Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000006017Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Short-Term Treasury Portfolio</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006017Member" xlink:to="label_S000006017Member"/>
				<link:label xlink:type="resource" xlink:label="label_S000006017Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000006017 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006017Member" xlink:to="label_S000006017Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_S000006017FTSE3MonthUSTreasuryBillIndexMember" xlink:label="S000006017FTSE3MonthUSTreasuryBillIndexMember"/>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006017FTSE3MonthUSTreasuryBillIndexMember" xlink:to="label_S000006016FTSE3MonthUSTreasuryBillIndexMember"/>
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				<link:loc xlink:type="locator" xlink:href="#ppff_BelowInvestmentGradeBondRiskMember" xlink:label="BelowInvestmentGradeBondRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_BelowInvestmentGradeBondRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Below investment grade bond risk [Member]</link:label>
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				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestingInPreferredStocksMember" xlink:label="RisksOfInvestingInPreferredStocksMember"/>
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				<link:loc xlink:type="locator" xlink:href="#ppff_RisksOfInvestingInForeignGovernmentAndSupranationalOrganizationObligationsMember" xlink:label="RisksOfInvestingInForeignGovernmentAndSupranationalOrganizationObligationsMember"/>
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				<link:loc xlink:type="locator" xlink:href="#ppff_CurrencyRiskMember" xlink:label="CurrencyRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_CurrencyRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Currency risk [Member]</link:label>
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				<link:label xlink:type="resource" xlink:label="label_HedgingRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Hedging risk [Member]</link:label>
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				<link:loc xlink:type="locator" xlink:href="#ppff_RepurchaseAgreementRiskMember" xlink:label="RepurchaseAgreementRiskMember"/>
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				<link:label xlink:type="resource" xlink:label="label_S000006019Member" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Aggressive Growth Portfolio</link:label>
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				<link:loc xlink:type="locator" xlink:href="#ppff_DowsJonesIndustrialAverageMember" xlink:label="DowsJonesIndustrialAverageMember"/>
				<link:label xlink:type="resource" xlink:label="label_DowsJonesIndustrialAverageMember" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US">Dow Jones Industrial Average (reflects no deduction for fees, expenses or taxes)</link:label>
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				<link:loc xlink:type="locator" xlink:href="#ppff_S000006019SP500Member" xlink:label="S000006019SP500Member"/>
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				<link:label xlink:type="resource" xlink:label="label_S000006019SP500Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">S000006019 S P 500 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="S000006019SP500Member" xlink:to="label_S000006019SP500Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_C000016541Member" xlink:label="C000016541Member"/>
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				<link:label xlink:type="resource" xlink:label="label_C000016541Member_2" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">C000016541 [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="C000016541Member" xlink:to="label_C000016541Member_2"/>
				<link:loc xlink:type="locator" xlink:href="#ppff_C000170327Member" xlink:label="C000170327Member"/>
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				<link:loc xlink:type="locator" xlink:href="#ppff_C000170328Member" xlink:label="C000170328Member"/>
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				<link:loc xlink:type="locator" xlink:href="#ppff_InvestmentStyleRiskMember" xlink:label="InvestmentStyleRiskMember"/>
				<link:label xlink:type="resource" xlink:label="label_InvestmentStyleRiskMember" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US">Investment style risk [Member]</link:label>
				<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="InvestmentStyleRiskMember" xlink:to="label_InvestmentStyleRiskMember"/>

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	<xs:element name="RepurchaseAgreementRiskMember" id="ppff_RepurchaseAgreementRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="S000006019Member" id="ppff_S000006019Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="DowsJonesIndustrialAverageMember" id="ppff_DowsJonesIndustrialAverageMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="S000006019SP500Member" id="ppff_S000006019SP500Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="C000016541Member" id="ppff_C000016541Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="C000170327Member" id="ppff_C000170327Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="C000170328Member" id="ppff_C000170328Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>
	<xs:element name="InvestmentStyleRiskMember" id="ppff_InvestmentStyleRiskMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration"/>

</xs:schema>
