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PBLIX PNC Balanced Allocation I

  • Fund
  • PBLIX
  • Price as of: Nov 17, 2017
  • $14.49
  • + $0.01
  • + 0.07%
  • Category
  • Diversified Portfolio

PBLIX - Profile

Vitals

  • YTD Return 12.4%
  • 3 Yr Annualized Return 5.9%
  • 5 Yr Annualized Return 8.1%
  • Net Assets $22.1 M
  • Holdings in Top 10 29.0%

52 WEEK LOW AND HIGH

$14.49
$12.70
$14.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.42%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 88.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 12.4%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 8.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.35%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name PNC Balanced Allocation Fund
  • Fund Family Name PNC Funds
  • Inception Date Jul 10, 1998
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Martin C. Schulz

Fund Description

The fund invests in a diversified portfolio of common stocks, exchange-traded funds, fixed income securities and cash equivalents with varying asset allocations. The advisor intends to invest 45% to 75% of the fund's net assets in equity securities, 25% to 55% of its net assets in fixed income securities, such as corporate bonds, U.S. government and agency securities, mortgage-backed securities, asset-backed securities, and high-yield bonds, and up to 30% of its net assets in cash and cash equivalent securities, and all types of short-term money market instruments.

PBLIX - Performance

Return Ranking - Trailing

Period PBLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.4% -49.2% 451.5% 14.65% 1
1 Yr 14.4% -26.7% 45.9% 18.65% 1
3 Yr 5.9% * -11.7% 12.3% 28.00% 2
5 Yr 8.1% * -11.3% 15.0% 32.78% 2
10 Yr 4.4% * -6.2% 8.6% 54.35% 3

* Annualized


Return Ranking - Calendar

Period PBLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.4% -65.8% 23.3% 48.68% 3
2015 -6.0% -37.7% 48.7% 42.12% 3
2014 4.2% -59.3% 22.9% 10.69% 1
2013 14.6% -17.5% 36.4% 19.38% 2
2012 11.2% -16.2% 18.4% 14.50% 1

Total Return Ranking - Trailing

Period PBLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.4% -49.2% 451.5% 14.67% 1
1 Yr 14.4% -28.0% 73.2% 15.14% 1
3 Yr 5.9% * -11.8% 28.2% 23.01% 2
5 Yr 8.1% * -11.7% 15.0% 28.98% 2
10 Yr 4.4% * -6.2% 8.6% 51.25% 3

* Annualized


Total Return Ranking - Calendar

Period PBLIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 3.7% -65.6% 32.0% 48.52% 3
2015 -0.4% -29.3% 50.4% 20.17% 2
2014 6.6% -54.8% 25.4% 33.42% 2
2013 18.2% -16.7% 57.2% 39.85% 2
2012 15.4% -16.2% 74.5% 35.70% 2

NAV & Total Return History

PBLIX - Holdings

Filings data as of: Oct 31, 2017

Concentration Analysis

PBLIX Category Low Category High PBLIX % Rank Quintile
Net Assets 22.1 M 81.4 K 118 B 37.92% 5
Number of Holdings 459 1 12799 8.19% 2
Net Assets in Top 10 6.41 M -654 M 23.3 B 35.45% 5
Weighting of Top 10 29.0% 0.2% 455.9% 24.79% 4

Top 10 Holdings

  1. iShares MSCI EAFE Value ETF 3.37%
  2. US Treasury Bond 3.75% 1.26%
  3. US Treasury Bond 4.5% 1.19%
  4. US Treasury Note 1.625% 1.09%
  5. SPDR® S&P 500 ETF 4.50%
  6. PNC International Growth I 13.32%
  7. Apple Inc 1.25%
  8. US Treasury Note 2.125% 1.05%
  9. US Treasury Note 2% 1.02%
  10. US Treasury Note 1.75% 0.95%

Asset Allocation

Weighting Category Low Category High PBLIX % Rank Quintile
Stocks
57.16% -2.59% 141.14% 16.90% 3
Bonds
38.19% -109.09% 135.52% 14.80% 2
Cash
3.79% -183.58% 110.98% 21.27% 3
Preferred Stocks
0.84% -0.07% 112.85% 7.69% 2
Other
0.02% -6.04% 98.99% 21.13% 5
Convertible Bonds
0.00% 0.00% 33.12% 8.14% 4

Stock Sector Breakdown

Weighting Category Low Category High PBLIX % Rank Quintile
Technology
11.46% -6.57% 70.04% 7.99% 2
Financial Services
10.26% -8.51% 69.58% 12.29% 2
Consumer Cyclical
7.45% -10.84% 54.37% 9.42% 2
Healthcare
6.95% -8.22% 31.05% 12.33% 2
Industrials
6.84% -3.12% 48.84% 10.67% 2
Consumer Defense
4.72% -2.25% 27.69% 9.42% 2
Basic Materials
2.27% -2.54% 21.85% 11.22% 3
Energy
2.06% -4.89% 35.99% 17.04% 4
Real Estate
2.04% -4.60% 82.50% 13.03% 3
Communication Services
1.59% -1.63% 27.16% 10.30% 3
Utilities
1.53% -2.48% 47.20% 9.93% 3

Stock Geographic Breakdown

Weighting Category Low Category High PBLIX % Rank Quintile
US
40.21% -97.12% 138.58% 16.74% 3
Non US
16.95% -11.38% 150.81% 12.26% 2

Bond Sector Breakdown

Weighting Category Low Category High PBLIX % Rank Quintile
Corporate
14.95% 0.00% 203.65% 18.30% 3
Securitized
13.78% -0.01% 64.33% 7.27% 1
Government
10.05% -339.71% 117.18% 16.01% 3
Cash & Equivalents
3.79% -183.58% 122.40% 21.23% 3
Municipal
0.24% 0.00% 207.05% 7.41% 2
Derivative
0.00% -84.53% 26.76% 3.39% 2

Bond Geographic Breakdown

Weighting Category Low Category High PBLIX % Rank Quintile
US
35.86% -422.59% 103.74% 11.30% 2
Non US
2.33% -57.44% 364.72% 23.28% 4

PBLIX - Expenses

Operational Fees

PBLIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.42% 0.00% 165.34% 12.73% 4
Management Fee 0.75% 0.00% 2.55% 2.43% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

PBLIX Fees (% of AUM) Category Low Category High PBLIX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PBLIX Fees (% of AUM) Category Low Category High PBLIX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PBLIX Fees (% of AUM) Category Low Category High PBLIX Rank Quintile
Turnover 88.00% 0.00% 5910.00% 7.78% 4

PBLIX - Distributions

Dividend Yield Analysis

PBLIX Category Low Category High PBLIX % Rank Quintile
Dividend Yield 0.1% 0.00% 11.33% 46.65% 4

Dividend Distribution Analysis

PBLIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PBLIX Category Low Category High PBLIX % Rank Quintile
Net Income Ratio 1.35% -3.27% 12.91% 13.47% 3

Capital Gain Distribution Analysis

PBLIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PBLIX - Managers

Martin C. Schulz

Manager

Start Date

Jul 10, 1998

Tenure

19.32

Tenure Rank

0.7%

Martin is a member of the Leadership Team and managing director of the International Equity team. Martin has previous investment experience, including positions in equity research and portfolio management. Prior to joining the firm or its predecessor, he was a portfolio manager with National City Corporation. Martin received a B.A. in international relations from Cornell University, graduating magna cum laude, and an M.B.A. in international business and a J.D. from George Washington University. Martin speaks fluent German and French.


Mark G. McGlone

Manager

Start Date

Sep 28, 2015

Tenure

2.09

Tenure Rank

7.4%

Mark is president and chief investment officer of PNC Capital Advisors. He is responsible for PNC’s multi-strategy investment management organization that provides investment solutions across a wide array of investment vehicles, styles, and asset classes. Prior to being named to this position in May 2014, he served as managing director and chief risk officer. He also was chairman of the Risk Committee and a member of the firm- and enterprise-wide investment and operational committees. Mark joined PNC in 2007 through its acquisition of Mercantile Safe Deposit & Trust, where he began his career in 1981, and was appointed senior vice president and head of taxable fixed income for PNC Capital Advisors. In 2009, he became director of Taxable Fixed Income Risk Management, Trading, and Credit Analysis. Mark earned a Bachelor of Arts degree in political economy from Johns Hopkins University and a Master of Science degree in finance from Loyola University-Maryland. "


Jason Weber

Manager

Start Date

Mar 21, 2016

Tenure

1.61

Tenure Rank

7.8%

Jason specializes in trading structured securities and structured products research, specifically residential and commercial mortgage-backed securities. He also follows the TIPS market and supports the fixed income team by monitoring portfolio compliance and assets under management. Jason joined PNC in 2004 in the Treasury division before moving to the firm or its predecessor in 2007. Jason graduated with a B.A. in economics from Dartmouth College. He received his Masters of Science in finance from Loyola College.


Michael Coleman

Manager

Start Date

Mar 21, 2016

Tenure

1.61

Tenure Rank

7.8%

N/A


Aneet Deshpande

Manager

Start Date

Nov 07, 2016

Tenure

0.98

Tenure Rank

8.3%

Aneet Deshpande, CFA, Managing Director with PNC Capital Advisors, LLC from 2007 to 2015, and rejoined the Adviser in 2016. Mr. Deshpande serves as the Head of Equity Trading for the PNC Capital Advisors.


Tenure Analysis

Category Low

0.0

Category High

49.6

Category Average

5.63

Category Mode

0.7