Objective
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
8/31/2018
| |
|
1 MO |
1 YR | 3 YRS | 5 YRS | 10 YRS |
| International Equity |
NAV |
-0.84% |
8.30% |
9.93% |
7.82% |
5.56% |
| International Equity |
POP |
-1.83% |
7.30% |
9.93% |
7.82% |
5.56% |
| MSCI ACWI ex USA Index |
|
-2.09% |
3.18% |
8.08% |
5.43% |
3.44% |
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 redeem Class C Shares 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
Ratings
Morningstar
August 31, 2018
Category:
Foreign Large Growth
 |
| | |
Overall
out of 346 funds | 3 Year
out of 346 funds | 5 Year
out of 310 funds | 10 Year
out of 221 funds |
Lipper
August 31, 2018
Category: Lipper International Multi-Cap Growth
Percentile Ranking
1 Year 22nd% | 3 Year 26th% | 5 Year 19th% | 10 Year 20th% |
Rank in Universe
| 112 of 520 funds | 114 of 445 funds | 73 of 390 funds | 56 of 284 funds |
Fees & Expenses as of
6/01/2018
Annual Fund Operating Expenses
| Advisory Fees |
12b-1 |
Shareholder
Servicing
Fee |
Other
Expenses |
Total Operating Expenses |
| Gross |
Net |
Gross |
Net |
|
0.80%
|
-0.01%
|
0.75%
|
0.25%
|
0.99%
|
2.80%
|
1.99%
|
Net operating expenses reflect contractual waivers and expense reimbursements that continue through through June 11, 2019, 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 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.
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.