Michigan Intermediate Municipal Bond FundPBFIXShare Class

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Overview ~~Portfolio~~ Strategy / Process Performance Team Fees

portfolio

The PNC Michigan Intermediate Municipal Bond Fund is for investors who live in the state of Michigan and would like to generate income that is free from both federal and state taxes. The Fund invests primarily in investment grade bonds issued by the state of Michigan.

Top 10 Issuers (%)*

as of 12/31/2011

view all holdings

Asset Allocation (%)

BOND	99.42
CASH EQUIVALENTS & OTHER	0.59

Asset Allocation weightings are calculated based on total market value of fund investments and may not always total 100%. Cash Equivalents & Other may include money market instruments and notional derivative contracts.

Sector Weightings (%)*

General Obligations	49.37
Revenue Bonds- Other	23.15
Revenue Bonds - Hospital	10.40
Utility	5.76
Revenue Bonds- Transportation	4.09
Revenue Bonds-Water/Sewer	2.93
Revenue Bonds- Education	2.83
Cash & Cash Equivalents	1.47

Monthly Morningstar
Ratings

Portfolio Management

	Adam Mackey Managing Director, Head of Municipal Fixed Income
	Mark Stockwell Director, Municipal Credit Research
	Michael Dorigan, Ph.D Director, Quantitative Analysis
	Kevin Barger Quantitative Analyst
	William Bonawitz, CFA Senior Municipal Analyst
	Brian Brennan Credit Associate
	William Davis Quantitative Analyst
	Robert Hartle Trading Desk Associate
	Robert Howells Portfolio Manager
	Lisa Kreiling, Ph.D, CFA Senior Municipal Analyst
	Kevin Lynch Senior Municipal Analyst
	Tricia Vincent Trading Desk Associate

Downloads

Fund Factsheet

Prospectus

NOT FDIC INSURED | NO BANK OR FEDERAL GOVERNMENT GUARANTEE | MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the PNC Funds carefully before investing. A prospectus or summary prospectus with this and other information may be obtained at 1-800-622-FUND (3863) or pncfunds.com. Please read it carefully before investing.

PNC Capital Advisors, LLC, a subsidiary of The PNC Financial Services Group Inc., serves as investment adviser and co-administrator to PNC Funds and receives fees for its services. Shares of PNC Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with PNC and is not a bank.

©2012 The PNC Financial Services Group, Inc. All rights reserved.

Michigan Intermediate Municipal Bond FundPBFIXShare Class select IAC