PNC Ultra Short Bond Fund is managed through a team-driven, top-down process utilizing active sector rotation, duration and yield curve management, with extensive credit research and portfolio analysis to mitigate risk. The Fund seeks to provide high current income, while preserving capital by investing in investment grade securities including U.S. government, mortgage-backed and asset-backed fixed income securities and corporate bonds. The dollar-weighted average maturity of the Fund is expected to be less than 18 months.

Our fixed income strategies follow a team-oriented, disciplined, top-down investment process

  1. Formulate market outlook to derive:
    • Yield curve positioning
    • Duration targets 
  2. Determine sector weightings based on:
    • Relative value
    • Sector and subsector outlook
  3. Conduct extensive analysis on each security:
    • Fundamental and structural analysis
    • Relative valuation
    • Risk-reward profile 
  4. Construct portfolio within strategic framework:
    • Verify strategic intent
    • Sector and subsector weights 
    • Security selection in support of portfolio risk/reward profile 
    • Duration and yield curve management
 

Investment Risk

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 yielding, non-investment-grade bonds present a greater risk of loss to principal and interest than investment-grade securities. The value of debt securities may be affected by the ability of issuers to make principal and interest payments and even the possibility that the issuer will default completely. Although U.S. government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. The Fund may be subject to prepayment risk, the risk that the principal of a fixed income security that is held by the Fund may be prepaid prior to maturity, potentially forcing the Fund to reinvest that money at a lower interest rate.




 

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.

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