PNC Balanced Allocation Fund seeks to provide long-term capital appreciation and current income.
Average Annual Total Returns (%) as of
||1 YR||3 YRS||5 YRS||10 YRS
|60/40 Hybrid of S&P 500 and Bloomberg Barclays U.S. Aggregate Bond Index
Past performance is no guarantee of 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.
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November 30, 2017
Allocation--50% to 70% Equity
out of 719 funds
out of 719 funds
out of 668 funds
out of 458 funds
November 30, 2017
Category: Lipper Mixed-Asset Target Allocation Moderate Funds
Rank in Universe
|56 of 549 funds||129 of 499 funds||123 of 452 funds||174 of 343 funds
Fees & Expenses as of
Annual Fund Operating Expenses
|Total Operating Expenses
Net operating expenses reflect contractual waivers and expense reimbursements that continue through the end of September 2018, 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.
The Net Advisory Fee is negative due to reimbursement(s). The adviser's waiver does not include acquired fund fees and expenses. Acquired fund fees and expenses are based on the indirect net expenses associated with the Fund's investments in underlying investment companies. The Total Operating Expenses shown may not correlate to the Fund's ratio of expenses to average net assets shown in the Fund's annual report, which do not include acquired fees and expenses.
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.
On November 30, 2017, the Board of Trustees of PNC Funds approved the conversion of Class
T Shares of PNC Balanced Allocation Fund to Class A shares of the same
Fund. The conversion of this share class is expected to take place on or about January 15,
2018. Effective December 15, 2017, PNC Balanced Allocation Fund is closed
to new investors.
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.