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Total Return Advantage FundPTVIXShare Class
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investment strategy / process

The PNC Total Return Advantage 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 current income, as well as capital appreciation by investing in investment-grade fixed income securities, including U.S. government bonds, corporate bonds, mortgage-backed securities or asset-backed securities. The dollarweighted average maturity of the Fund is expected to remain within four to twelve years. The Fund’s duration (its sensitivity to interest rate changes) is managed to plus/minus 20% maximum relative to its benchmark index, the Barclays U.S. Government/Credit Index.

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. 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.