PBLIX1/31/2017

CUSIP 69351J736
Inception July 10, 1998
Net Assets $24.4 million

Daily Price 2/22/2017

NAV POPChg $Chg %
$13.34 $13.34 $0.01 0.07%

Portfolio Management

Mark McGlone
President, Chief Investment Officer

Aneet Deshpande, CFA
Managing Director, Lead Portfolio Manager

Michael W. Coleman
Equity Analyst

Martin C. Schulz, J.D.
Managing Director, International Equity

Jason Weber, CFA
Fixed Income Analyst

Objective

PNC Balanced Allocation Fund seeks to provide long-term capital appreciation and current income.

Average Annual Total Returns (%) as of 1/31/2017

    1 MO 1 YR3 YRS5 YRS10 YRS
Balanced Allocation NAV 1.48% 9.12% 4.55% 7.18% 4.35%
60/40 Hybrid of S&P 500 and Bloomberg Barclays U.S. Aggregate Bond Index 1.22% 12.35% 7.63% 9.30% 6.25%

Performance shown represents past performance and does not guarantee future results. To view public offering price other performance/price information please click here. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. Return periods greater than one year reflect annualized performance.

Asset allocation cannot guarantee a profit or prevent a loss. An investment in the Fund is subject to interest rate risk, which is the possibility that a Fund's yield will decline due to falling interest rates and the potential for bond prices to fall as interest rates rise. High yield bond investing includes special risks. Investments in lower rated and unrated debt securities are subject to a greater loss of principal and interest than investments in higher rated securities. The values of mortgage-backed securities depend on the credit quality and adequacy of the underlying assets or collateral and may be highly volatile. International investments are subject to special risks not ordinarily associated with domestic investments, including currency fluctuations, economic and political change and differing accounting standards that may adversely affect portfolio securities.These risks may be heightened in emerging markets. Investments in value companies can continue to be undervalued for long periods of time and be more volatile than the stock market in general. Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general. Investments in small and mid capitalization companies present a greater risk of loss than investments in large companies. The Fund may invest a portion of its assets in derivatives. Derivative instruments include options, futures and options on futures. A small investment in derivatives could have a potentially large impact on the Fund’s performance. The Fund may be unable to terminate or sell a derivatives position. Derivative counterparties may suffer financial difficulties and may not fulfill their contractual obligations.


For Benchmark information click here

Ratings

Morningstar

January 31, 2017

Category: Allocation--50% to 70% Equity

MorningstarMorningstarMorningstar MorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstar
Overall
out of 722 funds
3 Year
out of 722 funds
5 Year
out of 616 funds
10 Year
out of 429 funds

Lipper

January 31, 2017

Category: Lipper Mixed-Asset Target Allocation Moderate Funds

Percentile Ranking

1 Year
87th%
3 Year
44th%
5 Year
35th%
10 Year
56th%

Rank in Universe

497 of 576 funds225 of 520 funds153 of 444 funds196 of 352 funds

Fees & Expenses as of 9/28/2016

Annual Fund Operating Expenses

Advisory Fees 12b-1 Shareholder
Servicing
Fee
Other
Expenses
Total Operating Expenses
Gross Net Gross Net
0.75% 0.07% -- -- 0.88% 1.69% 1.01%

Net operating expenses reflect contractual waivers and expense reimbursements that continue through the end of September 2017, at which time the Adviser will determine whether to renew, revise or discontinue them. For more information on fee waivers or expense reimbursements please see the expense table in the prospectus. Expenses listed above reflect those of the most recent prospectus.


Morningstar Star Ratings:The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings are for the share class shown; other classes may vary.

Lipper Ratings: Ratings for Total Return reflect fund’s historical total return performance relative to peers. Lipper Leader ratings do not take into account the effects of sales charges. The Lipper ratings are subject to change every month and are based on an equal-rated average of the percentile ranks for the Total Return metrics over three-, five- and ten-year periods, if applicable. The highest of 20% of funds in each peer group are named Lipper Leaders or a 5, the next 20% receive a rating of 4, the middle 20% a rating of 3, the next 20% a 2 rating and the lowest 20% a rating of 1. 

Effective November 7, 2016, Aneet Deshpande, CFA, joined PNC Capital Adviors, LLC (the “Adviser”) as Managing Director, became Lead Portfolio Manager of PNC Balanced Allocation Fund.

Effective March 21, 2016, Jason Weber, Fixed Income Analyst, and Michael Coleman, Equity Analyst, became portfolio managers of PNC Balanced Allocation Fund.

 

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. Select a Fund to view the most recent month-end performance information or go to each fund's snapshot page to view most recent month-end performance as well as any waiver or expense reimbursement information.

The information contained in this piece should not be considered legal or tax advice; questions regarding your specific situation should be directed to your legal or tax advisor.

NOT FDIC INSURED | NO BANK OR FEDERAL GOVERNMENT GUARANTEE | MAY LOSE VALUE

You should consider the investment objectives, risks, charges, and expenses of the PNC Funds carefully before investing. A prospectus or summary prospectus with this and other information may be obtained at 800-622-FUND (3863) or pncfunds.com. Please read it carefully before investing.

PNC Capital Advisors, LLC, a subsidiary of The PNC Financial Services Group Inc., serves as investment adviser and co-administrator to PNC Funds and receives fees for its services. PNC Funds are distributed by PNC Funds Distributor, LLC, which is not affiliated with the adviser and is not a bank.

This site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the PNC Funds in any jurisdiction in which such offer, solicitation or sale would be unlawful.

© The PNC Financial Services Group, Inc. All rights reserved.

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