Intermediate Tax Exempt Bond FundPTIIXShare Class

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

portfolio

The PNC Intermediate Tax Exempt Bond Fund is for investors who would like to generate income that is free from federal income tax. The fund invests in municipal debt securities of issuers in the United States and the District of Columbia.

Top 10 Issuers (%)*

as of 12/31/2011

view all holdings

Asset Allocation (%)

BOND	99.34
CASH EQUIVALENTS & OTHER	0.66

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	35.27
Revenue Bonds - Other	19.10
Revenue Bonds - Education	11.27
Revenue Bonds - Hospital	9.91
Utility	6.10
Revenue Bonds - Water/Sewer	6.09
Transportation	5.78
Revenue Bonds - Public Purpose Revenue	3.48
Cash & Cash Equivalents	1.57
Revenue Bonds - Housing	1.43

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.

Intermediate Tax Exempt Bond FundPTIIXShare Class select IAC