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Intermediate Tax Exempt Bond FundPTIIXShare Class
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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.


Stephen Winterstein
Managing Director, Municipal Fixed Income
  • Industry Experience: 22 years
  • B.S., Millersville University
  • M.B.A., Lehigh University
Steve is managing director of Municipal Fixed Income, forming the team in 1998. He oversees the group's management and establishes the investment strategies for clients. Steve is a former arbitrator for the Municipal Securities Rulemaking Board and was part of an advisory panel to Standard & Poor’s, providing a practitioner’s insight during the development of tax-exempt municipal indexes. He lectures regularly, is a featured speaker at seminars and conferences, and is quoted frequently in the media. He is active in numerous groups and associations, including the Princeton University Center for Economic Policy Studies. Steve earned his bachelor’s degree in economics from Millersville University and an M.B.A. from Lehigh University.
Rebecca Rogers
Co Head of Portfolio Management and Trading
  • Industry Experience: 24 years
  • B.A., Dickinson College
Becky co-manages the municipal bond trading desk, with responsiblity for the execution of all trades in client portfolios. She joined the firm or its predecessor in July 2000 after working for 15 years in the institutional sales group of A.H. Williams, a regional municipal bond capital markets firm. Becky earned her bachelor’s degree in English from Dickinson College.
Adam Mackey
Co Head of Portfolio Management and Trading
  • Industry Experience: 14 years
  • B.S.B.A., Kutztown University
  • M.B.A., St. Joseph's University
Adam is a co-director of portfolio management and trading in the Municipal Fixed Income Group, and he shares responsibility for the execution of all trades in client portfolios. He joined the firm or its predecessor in February 2001 after working as a municipal bond trader at the Vanguard Group. Adam earned his bachelor’s degree in business administration from Kutztown University and an M.B.A. in finance from St. Joseph’s University.