PNC MD Tax-Exempt Bond I
Two Hopkins Plaza Baltimore, MD, 21201
Map
Phone: 800-551-2145
| Category: | Muni Single State Short | | Fund Family: | PNC Funds, Inc. | | Net Assets: | 54.55M | | Year-to-Date Return: | 1.28% | | Yield: | 3.58% | | Morningstar Rating: |  | | Fund Inception Date: | 02-Jun-92 |
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Adam Mackey
Lead Manager since
18-Jun-07 | | | Mackey is a vice president of PCA. He joined PCA in June 2007. Mackey has been a vice president of PNC Wealth Management, an affiliate of MCA, since 2001. |
| Min Initial Investment: | $1,000,000 | | Min Initial Investment, IRA: | $0 | | Min Initial Investment, AIP: | $1,000,000 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks a high level of interest income that is exempt from federal and Maryland state and local income taxes. The fund normally invests at least 80% of net assets in investment-grade municipal bonds and other municipal obligations. It invests up to 20% of total assets in interest rate swaps. The fund invests in investment grade debt municipal obligations in the top four rating categories of credit quality and may invest up to 10% of assets in below-investment grade securities. It is nondiversified. |
| Last Dividend
(31-Jul-08):
| 0.03 | | Last Cap Gain
(19-Nov-93):
| 0.02 | | Annual Holdings Turnover
| 39.00% | | Average for Category:
| 21.95% |
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| Expense | PDTIX | Category
Avg | | Total Expense Ratio: | 0.53%
| 1.09% | | Max 12b1 Fee: | 0.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.45% | | Max Deferred Sales Load: | 0.00%
| 3.20% | | 3 Yr Expense Projection*: |
$271 | $585 | | 5 Yr Expense Projection*: |
$471 | $880 | | 10 Yr Expense Projection*: |
$1,049 | $1,741 |
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0.11% Nasdaq 
0.36%
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