PNC Capital Advisors' Core and Core Plus Strategies Earn PSN Six Star Top Guns Awards

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PNC Capital Advisors’ Core and Core Plus strategies have been awarded PSN’s Top Guns Award for the five-year period ended December 31, 2022. This award list, published by Zephyr, highlights top-performing separately managed account strategies, distilled through rigorous performance-based selection criteria.

The Core and Core Plus Bond strategies were awarded Six Star Top Guns ratings as their five-year information ratios ranked among the top 10 from a selective peer group determined by PSN. Top Guns awards range from one to six stars.

The PSN analysis highlights PNC Capital Advisors’ risk-focused approach. Together, positive excess returns and low volatility resulted in strong information ratios relative to their peers.

Zephyr Top Guns Award

Information Ratio Peer Group Percentile Rank
vs. Bloomberg U.S. Aggregate Bond Index

PNC Core Fixed Income Strategy
PNC Core Plus Fixed Income Strategy

PSN Criteria: The PSN universes were created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. PSN Top Guns investment managers must claim that they are GIPS compliant. Products must have an r-squared of 0.80 or greater relative to the style benchmark for the five- year period ending December 31, 2022. Moreover, products must have returns greater than the style benchmark for the three latest three-year rolling periods ending December 31, 2022. Products are then selected which have a standard deviation for the five-year period equal or less than the median standard deviation for the peer group. The top ten information ratios for the latest five-year period become the 6 STAR TOP GUNS.

The content of PSN Top Guns is intended for use by qualified investment professionals. Please consult with an investment professional before making any investment decisions using content or implied content from PSN Top Guns.

All Rights Reserved. PSN Top Guns is powered by PSN. PSN is an investment manager database and is a division of Informa Financial Intelligence. No part of PSN Top Guns may be reproduced in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior written permission of Informa Financial Intelligence.

Because of the possibility of human or mechanical error by Informa Financial Intelligence (IFI) sources or others, IFI does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. THERE ARE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall IFI be liable for any indirect, special or consequential damages in connection with use of any information or derived using information based on PSN Top Guns results.

(*) Style Benchmark
The PSN Core Plus Fixed Income universe is comprised of 100 firms and 136 products.

eVestmentRanking: eVestment, a part of Nasdaq, provides institutional investment data, analytics and market intelligence covering public and private markets. eVestment universes are constructed of U.S. products that invest primarily in applicable holdings with fundamental characteristics applicable to that universe. Managers in each applicable style will typically indicate a “Primary Capitalization Emphasis” and a “Primary Style Emphasis”. Universe membership is determined by eVestment. The minimum criteria necessary for inclusion in an eVestment Universe are 1) Minimum of one year of performance history, and 2) Updated portfolio characteristics for the product. Universe membership is reviewed on a quarterly basis. Percentile Return Ranking is based on the gross returns of each SMA Manager included in the applicable equity universe. All SMA Manager Information contained in the eVestment database, including investment returns used in the universe ranking analysis, is entered into the eVestment database by SMA Managers. This information is not verified by eVestment. SMA Managers submit data free of charge.

This publication is for informational purposes only. Information contained herein is believed to be accurate, but has not been verified and cannot be guaranteed. Opinions represented are not intended as an offer or solicitation with respect to the purchase or sale of any security and are subject to change without notice. Statements in this material should not be considered investment advice or a forecast or guarantee of future results. To the extent specific securities are referenced herein, they have been selected on an objective basis to illustrate the views expressed in the commentary. Such references do not include all material information about such securities, including risks, and are not intended to be recommendations to take any action with respect to such securities. The securities identified do not represent all of the securities purchased, sold or recommended and it should not be assumed that any listed securities were or will prove to be profitable. Past performance is no guarantee of future results.

PNC Capital Advisors, LLC is a wholly-owned subsidiary of PNC Bank, National Association, which is a Member FDIC, and an indirect subsidiary of The PNC Financial Services Group, Inc. serving institutional clients. PNC Capital Advisors’ strategies and the investment risks and advisory fees associated with each strategy can be found within Part 2A of the firm’s Form ADV, which is available at


©2023 The PNC Financial Services Group, Inc. All rights reserved.

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