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Ultra Short Bond FundPNCIXShare Class
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investment strategy / process

The 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 high-quality fixed income 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.

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. 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 and bond fund prices may decline as interest rates rise.

*Sector weightings and top ten holdings are subject to change, for illustrative purposes only and are not a permanent reflection of the fund.