Walking with you on the path to retirement

We understand that with the number and variety of retirement savings options available to you, choosing the right path can be overwhelming. The PNC Balanced Fund, the four PNC Target Date Funds, and PNC Retirement Income Fund are designed to take the guesswork out of this otherwise daunting process. With the PNC Target Date Funds, you choose one fund based on when you want to retire and leave the rest — diversifying, managing risk, monitoring the portfolio, staying on track — to us.

The Fund's overall asset allocation has been designed, as shown below, to increase the Fund's focus on capital preservation as the target date approaches.


Determine a suitable fund

Click on your age/year to retirement or Target Fund in the table below to select the PNC Target Date Fund that is most appropriate for you.


PNC
Target
2050
PNC
Target
2040
PNC
Target
2030
PNC
Target
2020
PNC
Retirement
Income
Your Current Age 34 or younger
35-44 45-54 55-64 65+
Years to Retirement More than 31
21-30 11-20 1-10 0

What is a Target Date Fund?

While most mutual funds invest directly in stocks, bonds and other securities, a target date fund invests in multiple mutual funds and other investment products. You choose the target date fund best aligned with your expected retirement date. The asset allocation mix of the fund automatically shifts as the target date approaches. Each fund is managed for investors who plan to begin withdrawing assets from their account around the fund's specified target date.

Why might you choose Target Date Funds?

The advantage of investing in any target date fund is that with minimal effort you gain broad asset class diversification and professional portfolio management in a single investment.

  • Simplified Decision-Making Investing in an individual retirement account or participating in an employee-sponsored plan typically requires you to independently research and mix mutual funds, which can be confusing and time-consuming. With a target date fund, you have the option to select just one fund based on your age and expected retirement date.
  • One-Step Diversification With one mutual fund investment, you buy into a fully diversified portfolio that includes a blend of investments providing exposure to a broad range of asset classes.
  • Professional Management and Asset Reallocation Portfolio managers with the knowledge and experience needed to provide proper asset allocation based on your time horizon and risk tolerance determine the blend of underlying investments in a target date fund, then reallocate those investments as you approach retirement.

Target Date Funds aren't all the same

Not all target date funds are built alike or managed with the same objectives. Target date funds have existed for many years, but every mutual fund company builds and manages its funds differently. Even funds with the same target date can have very different asset allocations, investment strategies and income objectives at retirement.

It is important for investors to understand these differentiating qualities of the target date funds they are considering before making their selection.

An investment in the PNC Target Date Funds (the "Funds", and each a “Fund”) may not provide a complete investment program and does not guarantee any level of return or income. You may experience losses, including near, at or after the target date, by investing in a Fund. The suitability of an investment in a Fund should be considered based on the investment objective, strategies and risks described in the Fund’s prospectus and in light of all other relevant factors, including other investments in your portfolio, financial needs, savings rate, risk tolerance and financial goals. There can be no assurance that investing in a Fund will provide a sufficient source of income at or through retirement, or that the Fund’s returns will keep pace with the rate of inflation. An investment in the Funds is not guaranteed.
 
Further, the Funds are subject to several stock and bond market risks, any of which could cause an investor to lose money. Based on each Fund's current allocation between stocks and the less volatile asset class of bonds, the overall level of risk should be higher than those funds that invest the majority of the assets in bonds, but lower than those investing entirely in stocks. A Fund’s allocation to stocks lessens and allocation to bonds increases as the target date approaches, its overall level of risk will decline. The Funds may change their target allocations to equities, fixed income, diversifiers and cash without notice to shareholders. In addition to the risks inherent in the asset classes of the underlying strategies and funds, the Funds are also subject to asset allocation risk, which is the chance that the selection of underlying strategies and funds and the allocation of fund assets will cause the Funds to underperform other funds with a similar investment objective.
 
Diversification and asset allocation cannot guarantee a profit or prevent a loss. An investment in the Funds 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. Each 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 a Fund's performance. The Funds may be unable to terminate or sell a derivatives position. Derivative counterparties may suffer financial difficulties and may not fulfill their contractual obligations.
 
For further details on all risks, including commodity risks, please refer to the Funds' prospectus.

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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