PTGIX5/31/2017

CUSIP 69351J835
Inception November 12, 1992
Net Assets $34.6 million

Daily Price 6/23/2017

NAV POPChg $Chg %
$9.04 $9.04 $0.00 0.00%

Portfolio Management

Sean T. Rhoderick, CFA
Chief Investment Officer, Taxable Fixed Income

Timothy D. Compan, Jr., CFA
Senior Portfolio Manager

Mark A. Lozina, CFA
Senior Portfolio Manager

Objective

PNC Government Mortgage Fund seeks to provide current income as well as preservation of capital by investing in a diversified portfolio of mortgage-related securities.

Average Annual Total Returns (%) as of 5/31/2017

    1 MO 1 YR3 YRS5 YRS10 YRS
Government Mortgage NAV 0.54% 0.49% 1.63% 1.32% 3.71%
Bloomberg Barclays Fixed Rate Mortgage-Backed Securities Index 0.62% 1.16% 2.41% 2.11% 4.35%

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.

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. Obligations issued by some U.S. government agencies and instrumentalities are backed by the U.S. Treasury. Obligations issued by other agencies (such as the Federal National Mortgage Association, the Federal Home Loan Mortgage Association and the Federal Home Loan Bank) are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency's own resources. No assurance can be given that the U.S. government will provide financial support to these agencies. 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.


For Benchmark information click here

Ratings

Morningstar

May 31, 2017

Category: Intermediate Government

MorningstarMorningstarMorningstar MorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstarMorningstar
Overall
out of 243 funds
3 Year
out of 243 funds
5 Year
out of 230 funds
10 Year
out of 171 funds

Lipper

May 31, 2017

Category: Lipper US Mortgage Funds Average

Percentile Ranking

1 Year
90th%
3 Year
88th%
5 Year
87th%
10 Year
65th%

Rank in Universe

106 of 118 funds88 of 100 funds79 of 90 funds42 of 64 funds

Fees & Expenses as of 9/28/2016

Annual Fund Operating Expenses

Advisory Fees 12b-1 Shareholder
Servicing
Fee
Other
Expenses
Total Operating Expenses
Gross Net Gross Net
0.40% 0.25% -- -- 0.40% 0.80% 0.65%

Net operating expenses reflect contractual waivers and expense reimbursements that continue through the end of September 2017, 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.


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.

Powered by SySys.