portfolio management
At PNC, specialization is the key to our investment management philosophy. Our portfolio managers and research analysts work in independent teams. Each team focuses on a single sector or investment style. Their dedication and clear focus are reflected in the unwavering style purity of our funds.
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Michael E. Santelli, CFA, CPA
Managing Director, Mid Cap Value & Focused Equity
- Industry Experience: 19 years
- B.S., George Washington University
- M.B.A., University of Chicago
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Michael has leadership responsibility for the Mid Cap Value and Focused Equity team. Michael has previous investment experience that includes positions in research and portfolio management. Prior to joining the firm or its predecessor, he was with Donaldson, Lufkin, and Jenrette’s mortgage research department. Michael has served previously as taxable fixed income team lead and as a mortgage and asset backed portfolio manager for the firm. A CFA charterholder and a Certified Public Accountant, Michael received a B.S. degree from George Washington University and an M.B.A. from the University of Chicago.
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Alex L. Vallecillo, CFA
Senior Portfolio Manager, Mid Cap Value & Focused Equity
- Industry Experience: 15 years
- B.S., George Mason University
- M.B.A., University of Michigan
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Alex is a member of the Equity Management team with responsibility for the Mid Cap Value and Focused Equity styles. He has extensive investment experience, including managing the firm's corporate bond portfolio team in the firm's fixed income group. Prior to joining the firm or its predecessor in 1996, he was a corporate bond and structured fixed income trader with Merrill Lynch. A CFA charterholder, Alex received a B.S. degree from George Mason University and an M.B.A. from the University of Michigan.
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Paul W. Hayes, CFA
Senior Analyst, Mid Cap Value & Focused Equity
- Industry Experience: 11 years
- B.A., Michigan State University
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Paul is a senior analyst on the Mid Cap Value and Focused Equity team, conducting research and analysis on value-oriented securities with lead sector responsibility for Staples, Industrials, Banks and REITs. Before joining the firm or its predecessor, he was a co-portfolio manager for the Michigan Department of Treasury, managing $2.5 billion in large cap value equities. He also served as a high-net-worth managed account analyst and portfolio manager for CUNA Mutual Group. Previously, he was a credit analyst and a fixed income analyst for the National City Investment Management Company. Paul holds a B.A. degree in finance from Michigan State University.
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Quick Stats |
as of 6/30/2010 |
| Inception |
7/1/2002 |
| Ticker |
PMVIX |
| CUSIP |
69351J561 |
| Net Assets |
$71,009,857 |
Morningstar Style
Mid-Cap Value
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Daily Price
as of7/29/10
| NAV |
POP |
Chg ($) |
Chg (%) |
| $11.01 |
$11.01 |
-$0.01 |
-0.09% |
Risk/Reward Chart
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here.