PNC Ultra Short Bond I Fund (PNCIX) seeks growth of income and preservation of capital. PNCIX invests in investment-grade securities including U.S. government securities, corporate bonds, asset-backed securities and mortgage-backed securities. PNCIX has a dollar-weighted average maturity of not more than 18 months, but may vary outside that range from time to time.
This Govt Bond – Short product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 0.4% and 5 year 0.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
This Zacks Rank #2 (Buy) was incepted in December 2002 and is managed by PNC Funds. PNCIX carries an expense ratio of 0.32% and requires a minimal initial investment of $0.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
View All Zacks #1 Ranked Mutual Funds
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (PNCIX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
May 22, 2017 at 01:45PM
from Zacks Equity Research
No comments:
Post a Comment