Can Premiere Elements do Video Splitting (trim beginning and end without rendering)?

Hi all,

I often have 2 hour + long videos where I just want to trim the first few minutes and last few mintues to get rid of any superfluous parts.

I do not want to "edit" it and then render it out.

I just want to "delete" the first few minutes, the last few minutes, and then hit save, and the video is done.  No lengthy rendering times wanted.

I was told this is called a "video splitter" and tried a couple of those programs.

I have used Avidemux to do it with some success.  But that's all it does (I think).

Now looking for a more feature-rich editing program (hopefully under $150 USD) for Windows that will also do this video spliting as well as normal editing.

Does anyone know if Adobe Premiere Elements will also do this video splitting?

Thanks