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S&P 500 Index FundPSXIXShare Class
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investment strategy / process

The PNC S&P 500 Index® Fund seeks to provide investment results that, before fund expenses, approximate the aggregate price and dividend performance of the securities listed in the S&P 500 Index by investing in the securities comprising the S&P 500 Index.  The Fund’s managers believe that employing certain active management strategies for a percentage of the Fund’s assets, if successful, will result in net returns after expenses that may more closely approximate the returns of the S&P 500 Index.  The Fund’s managers may invest in S&P 500 futures in addition to or in place of S&P 500 stocks to attempt to equal the performance of the S&P 500 Index when futures are less expensive than actual stocks.  The Fund’s managers may also invest in other S&P 500 derivatives with economic characteristics similar to common stocks in the S&P 500 Index.

Investment Risk

Derivatives Risk: The Fund may invest a portion of its assets in derivatives. Derivative instruments include options, futures and options on futures. A small investment in derivatives could have a potentially large impact on the Fund’s performance.  The Fund may be unable to terminate or sell a derivatives position. Derivative counterparties may suffer financial difficulties and may not fulfill their contractual obligations.