PLOIX10/31/2017

CUSIP 69351J413
Inception September 30, 2005
Net Assets $410.5 million

Daily Price 11/20/2017

NAV POPChg $Chg %
$26.51 $26.51 $0.20 0.75%

Portfolio Management

Hitesh C. Patel, Ph.D.
Managing Director, Structured Equity

Paul Kleinaitis, CFA
Senior Portfolio Manager

Objective

The PNC Multi-Factor Small Cap Core Fund seeks capital appreciation by investing primarily in stocks of small-cap companies with market caps approximating the benchmark that possess both value and growth characteristics.  

Average Annual Total Returns (%) as of 10/31/2017

    1 MO 1 YR3 YRS5 YRS10 YRS
Multi-Factor Small Cap Core NAV 2.12% 25.01% 10.06% 17.13% 8.69%
Russell 2000 Index 0.85% 27.85% 10.12% 14.49% 7.63%

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.

Investments in small-capitalization companies present greater risk of loss than investments in large companies. 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. To the extent that the Fund invests a significant portion of its assets in a particular industry, the fund's performance could depend heavily on the performance of that industry and may be more volatile than less concentrated funds. The portfolio team may choose to invest in initial public offerings (IPOs), the performance of which is unpredictable and the effect of which may not be duplicated during periods in which the Fund does not invest in IPOs.


For Benchmark information click here

Ratings

Morningstar

October 31, 2017

Category: Small Growth

MorningstarMorningstarMorningstarMorningstar MorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstar
Overall
out of 598 funds
3 Year
out of 598 funds
5 Year
out of 530 funds
10 Year
out of 397 funds

Lipper

October 31, 2017

Category: Lipper Small Cap Core Category

Percentile Ranking

1 Year
48th%
3 Year
32nd%
5 Year
2nd%
10 Year
15th%

Rank in Universe

487 of 1020 funds262 of 839 funds13 of 715 funds72 of 511 funds

Fees & Expenses as of 9/28/2017

Annual Fund Operating Expenses

Advisory Fees 12b-1 Shareholder
Servicing
Fee
Other
Expenses
Total Operating Expenses
Gross Net Gross Net
0.75% 0.65% -- -- 0.21% 0.96% 0.86%

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.

Other Expenses include indirect fees and expenses of Acquired Funds that do not exceed 0.01% of the average net assets of the Fund. "Acquired Fund" means any investment company in which the Fund invests or has invested during the period.


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.

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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