CUSIP 69351J207
Inception January 5, 2000
Total Fund
Net Assets
$1.6 billion

Daily Price 11/8/2019

NAV POPChg $Chg %
$22.80 $22.80 -$0.12 -0.53%

Portfolio Management

Martin C. Schulz
Managing Director, International Equity

Calvin Y. Zhang
Portfolio Manager, Senior Analyst

Bernard R. Horn, Jr.
President and Portfolio Manager, Polaris Capital Management, LLC

Sumanta Biswas, CFA
Vice President and Assistant Portfolio Manager, Polaris Capital Management, LLC

Bin Xiao, CFA
Assistant Portfolio Manager, Polaris Capital Management, LLC


PNC International Equity Fund is for investors who recognize the value of diversifying their portfolios internationally. The Fund's investment objective is to provide capital appreciation by primarily investing in equity securities that are tied economically to a number of countries throughout the world.

Average Annual Total Returns (%) as of 9/30/2019

    3 MO 1 YR3 YRS5 YRS10 YRS
International Equity NAV -2.54% -4.97% 6.47% 4.33% 6.06%
International Equity POP -3.52% -5.90% 6.47% 4.33% 6.06%
MSCI ACWI ex USA Index -1.80% -1.23% 6.33% 2.90% 4.45%

Past performance is no guarantee of future results. To view public offering price and 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.

A contingent deferred sales charge of 1.00% is charged if Class C Shares are redeemed within 12 months of the date of purchase.

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. 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



September 30, 2019

Category: Foreign Large Growth

MorningstarMorningstarMorningstar MorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstar
out of 396 funds
3 Year
out of 396 funds
5 Year
out of 340 funds
10 Year
out of 247 funds


September 30, 2019

Category: Lipper International Multi-Cap Growth

Percentile Ranking

1 Year
3 Year
5 Year
10 Year

Rank in Universe

446 of 496 funds174 of 428 funds116 of 355 funds85 of 284 funds

Fees & Expenses as of 9/30/2019

Annual Fund Operating Expenses

Advisory Fees 12b-1 Shareholder
Total Operating Expenses
Gross Net Gross Net
0.80% 0.24% 0.75% 0.25% 0.99% 2.54% 1.98%
Net operating expenses reflect contractual waivers and expense reimbursements that continue through the end of September 2020. For more information on fee waivers or expense reimbursements please see the expense table in the prospectus. If the waivers or reimbursements were not in effect the Fund's performance would have been lower.

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.

Past performance is no guarantee of 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.


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.

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