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PIUCX PNC International Equity C

  • Fund
  • PIUCX
  • Price as of: Jul 20, 2018
  • $23.72
  • + $0.18
  • + 0.77%
  • Category
  • Foreign Large Cap Blend Equities

PIUCX - Profile

Vitals

  • YTD Return 2.0%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return 8.6%
  • Net Assets $1.44 B
  • Holdings in Top 10 11.9%

52 WEEK LOW AND HIGH

$23.72
$21.08
$25.13

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.04%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Foreign Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Growth

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.05%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name PNC International Equity Fund
  • Fund Family Name PNC Funds
  • Inception Date Jan 05, 2000
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Sumanta Biswas

Fund Description

The fund primarily invests in a portfolio of equity securities that is tied economically to a number of countries throughout the world, typically three or more. Under normal circumstances, it invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities. The fund's investments in equity securities may include, for example, common stocks, American Depositary Receipts or other U.S. listings of foreign common stocks, and exchange-traded funds ("ETFs").

PIUCX - Performance

Return Ranking - Trailing

Period PIUCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -67.1% 22.9% 11.19% 1
1 Yr 12.8% -25.1% 35.6% 10.38% 1
3 Yr 7.2% * -6.1% 13.6% 3.35% 1
5 Yr 8.6% * -10.0% 10.6% 2.71% 1
10 Yr 4.7% * -5.5% 9.2% 7.66% 1

* Annualized


Return Ranking - Calendar

Period PIUCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 31.9% -9.2% 37.4% 1.34% 1
2016 -0.5% -16.1% 238.9% 30.20% 2
2015 -1.2% -29.1% 21.2% 27.19% 2
2014 -6.7% -27.8% 24.9% 37.86% 3
2013 27.6% -100.0% 36.9% 2.45% 1

Total Return Ranking - Trailing

Period PIUCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.0% -100.0% 22.9% 11.19% 1
1 Yr 11.8% -17.4% 98.5% 10.26% 1
3 Yr 7.2% * -7.3% 24.3% 3.05% 1
5 Yr 8.6% * -10.0% 10.6% 2.39% 1
10 Yr 4.7% * -5.5% 9.2% 7.47% 1

* Annualized


Total Return Ranking - Calendar

Period PIUCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 31.9% -8.9% 37.4% 1.34% 1
2016 -0.5% -16.1% 238.9% 33.69% 2
2015 0.1% -29.1% 25.7% 29.19% 2
2014 -6.1% -16.2% 27.3% 63.27% 4
2013 29.6% -100.0% 43.5% 6.64% 1

NAV & Total Return History

PIUCX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

PIUCX Category Low Category High PIUCX % Rank Quintile
Net Assets 1.44 B 988 K 343 B 13.19% 2
Number of Holdings 173 1 8939 15.74% 3
Net Assets in Top 10 171 M -336 M 31 B 15.89% 3
Weighting of Top 10 11.9% 3.6% 440.4% 29.65% 5

Top 10 Holdings

  1. Tencent Holdings Ltd 1.49%
  2. Methanex Corp 1.18%
  3. Next PLC 1.14%
  4. Babcock International Group PLC 1.12%
  5. Wirecard AG 1.19%
  6. Andritz AG 1.17%
  7. Teva Pharmaceutical Industries Ltd ADR 1.19%
  8. DNB ASA 1.14%
  9. Infosys Ltd ADR 1.11%
  10. Sony Corp ADR 1.11%

Asset Allocation

Weighting Category Low Category High PIUCX % Rank Quintile
Stocks
95.60% 0.47% 114.84% 22.27% 4
Cash
4.40% -161.71% 24.63% 7.09% 2
Preferred Stocks
0.00% 0.00% 3.38% 5.53% 3
Other
0.00% -1.76% 105.35% 19.57% 4
Convertible Bonds
0.00% 0.00% 1.16% 2.84% 2
Bonds
0.00% 0.00% 155.88% 6.24% 2

Stock Sector Breakdown

Weighting Category Low Category High PIUCX % Rank Quintile
Financial Services
19.05% 0.00% 36.51% 17.02% 3
Technology
14.67% 0.00% 28.76% 5.53% 1
Consumer Cyclical
14.23% 0.02% 28.98% 7.38% 1
Industrials
11.30% 0.00% 28.12% 19.86% 4
Basic Materials
10.14% 0.00% 24.53% 5.11% 1
Healthcare
8.31% 0.00% 25.44% 17.87% 3
Consumer Defense
6.95% 0.00% 33.59% 25.67% 4
Communication Services
4.53% 0.00% 23.45% 10.92% 2
Energy
3.15% 0.00% 17.97% 23.40% 4
Real Estate
2.20% 0.00% 8.27% 15.04% 3
Utilities
1.09% 0.00% 15.86% 19.29% 4

Stock Geographic Breakdown

Weighting Category Low Category High PIUCX % Rank Quintile
Non US
93.19% 0.00% 119.18% 18.44% 3
US
2.41% -16.31% 100.79% 16.17% 3

PIUCX - Expenses

Operational Fees

PIUCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.04% 0.00% 9.78% 12.93% 5
Management Fee 0.80% 0.00% 1.34% 3.40% 4
12b-1 Fee 0.75% 0.00% 1.00% 1.36% 4
Administrative Fee N/A 0.01% 0.50% N/A N/A

Sales Fees

PIUCX Fees (% of AUM) Category Low Category High PIUCX Rank Quintile
Front Load N/A 0.10% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 5.50% 5.22% 1

Trading Fees

PIUCX Fees (% of AUM) Category Low Category High PIUCX Rank Quintile
Max Redemption Fee N/A 0.10% 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.

PIUCX Fees (% of AUM) Category Low Category High PIUCX Rank Quintile
Turnover 32.00% 1.56% 733.00% 13.90% 2

PIUCX - Distributions

Dividend Yield Analysis

PIUCX Category Low Category High PIUCX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.51% 61.76% 4

Dividend Distribution Analysis

PIUCX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PIUCX Category Low Category High PIUCX % Rank Quintile
Net Income Ratio 0.05% -0.92% 5.71% 36.36% 5

Capital Gain Distribution Analysis

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

PIUCX - Managers

Sumanta Biswas

Manager

Start Date

Sep 01, 2005

Tenure

12.84

Tenure Rank

2.4%

Sumanta Biswas, CFA, serves as Polaris Capital Management, LLC’s Vice President and Assistant Portfolio Manager since 2004. Mr. Biswas’ professional experience includes completion of an internship at Delta Partners of Boston in 2001 where he served as an equity research analyst. From 1996 through July of 2000, he was an officer of the Securities and Exchange Board of India. In 1995, Mr. Biswas participated in the initial public offering of Electro Steel Casting, Ltd. of India while interning at IFB Finance Ltd. of India. In 1993, he was an engineering project manager trainee with Bridge & Roof Company of Calcutta, India, one of the largest construction companies in India. Mr. Biswas received a master’s of science degree in finance from Boston College in 2001, and an MBA from Calcutta University in India in 1996. He earned his undergraduate degree in engineering from North Bengal University in 1993, and holds a diploma in business finance from the Institute of Chartered Financial Analysts of India. He also holds the Chartered Financial Analyst (CFA) designation.


Bin Xiao

Manager

Start Date

Jul 01, 2012

Tenure

6.0

Tenure Rank

7.4%

Bin Xiao has became an Analyst with Polaris since 2006. Mr. Bin was in internship at HSBC Global Investment Banking in 2005, and in internship at Polaris Capital Management in 2004/2005. In 2002 to 2004 Mr. Bin serves as a software architect and project manager at PNC Financial Service Group (PFPC), following positions as an information systems engineer and software engineer at Vanguard Group and RIT Research Corporation respectively.


Calvin Y. Zhang

Manager

Start Date

Dec 31, 2008

Tenure

9.5

Tenure Rank

4.7%

Calvin is a senior analyst/portfolio manager on the International Equity team. Mr. Zhang has been with the PNC Capital Advisors since 2008. Prior to joining the Adviser, from 2004 to 2008, Mr. Zhang was an analyst and portfolio manager with Driehaus Capital Management.Previously, he served as an advisory client representative for IBM and as a diplomat in the Foreign Affairs Office of Guangdong, China. While in graduate school, he was an analyst with the University of Rochester’s endowment fund. Calvin holds a B.A. degree in English and computer science from the South China University of Technology and an M.B.A. from the University of Rochester.


Martin C. Schulz

Manager

Start Date

May 01, 1998

Tenure

20.18

Tenure Rank

0.5%

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.


Bernard R. Horn

Manager

Start Date

Sep 01, 2005

Tenure

12.84

Tenure Rank

2.4%

Bernard Horn Jr. is president and portfolio manager of Polaris Capital Management, LLC, a Boston-based global and international value equity management firm that serves as the sub-advisor for RBC International Equity. Prior to founding Polaris Capital in 1995, Bernard served as an investment officer for MDT Advisers, Inc. He also worked as a portfolio manager for Freedom Capital Management Corporation. From 1980 to 1990, Bernard was the principal and founder of Horn & Company, an investment counseling firm that specialized in global portfolio management for individuals, trusts and tax-qualified accounts. Bernard began his career in the investment industry in 1980. He received a BS from Northeastern University and a MS in Management from the Massachusetts Institute of Technology. In January 2007, Bernard was named Fund Manager of the year by MarketWatch. He was profiled in the January 2004 issue of SmartMoney Magazine and has been highlighted in Business Week, The New York Times, The Wall Street Journal and other national publications. Bernard has appeared on CNBC, CNNfn and Bloomberg TV to discuss global market trends.


Tenure Analysis

Category Low

0.0

Category High

26.5

Category Average

6.66

Category Mode

3.5