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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PNC Intermediate Tax Exempt Bond Fund

PTIIX |

-

$34.7 M

-

0.84%

Vitals

YTD Return

12.5%

1 yr return

8.6%

3 Yr Avg Return

2.7%

5 Yr Avg Return

2.8%

Net Assets

$34.7 M

Holdings in Top 10

43.3%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PNC Intermediate Tax Exempt Bond Fund

PTIIX |

-

$34.7 M

-

0.84%

PTIIX - Profile

Distributions

  • YTD Total Return 12.5%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PNC Intermediate Tax Exempt Bond Fund
  • Fund Family Name
    PNC Funds
  • Inception Date
    Feb 27, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Adam Mackey

Fund Description

PTIIX - Performance

Return Ranking - Trailing

Period PTIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.5% -0.3% 12.9% 5.13%
1 Yr 8.6% -0.3% 14.0% 5.71%
3 Yr 2.7%* -0.8% 6.2% 20.00%
5 Yr 2.8%* -1.6% 4.6% 22.22%
10 Yr 3.7%* -0.6% 4.2% 5.88%

* Annualized

Return Ranking - Calendar

Period PTIIX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.5% -4.7% -0.6% 90.63%
2022 1.3% -1.3% 4.8% 86.67%
2021 -3.1% -5.3% -0.8% 83.33%
2020 -0.1% -2.1% 2.1% 59.26%
2019 1.5% -2.2% 13.4% 88.89%

Total Return Ranking - Trailing

Period PTIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.5% -0.3% 12.9% 5.13%
1 Yr 8.6% -0.3% 14.0% 5.71%
3 Yr 2.7%* -0.8% 6.2% 30.00%
5 Yr 2.8%* -1.6% 4.6% 44.44%
10 Yr 3.7%* -0.5% 4.2% 17.65%

* Annualized

Total Return Ranking - Calendar

Period PTIIX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.5% -4.7% 1.6% 90.63%
2022 1.3% -1.3% 4.8% 93.33%
2021 -3.1% -5.3% 2.0% 83.33%
2020 -0.1% -1.5% 2.5% 77.78%
2019 1.5% 0.7% 13.4% 92.59%

PTIIX - Holdings

Concentration Analysis

PTIIX Category Low Category High PTIIX % Rank
Net Assets 34.7 M 3.02 M 5.45 B 88.89%
Number of Holdings 30 18 4192 86.96%
Net Assets in Top 10 14.9 M 2.45 M 547 M 71.74%
Weighting of Top 10 43.27% 2.3% 88.3% 17.39%

Top 10 Holdings

  1. NEW JERSEY ST TPK AUTH TPK REV 5% 5.29%
  2. PHILADELPHIA PA ARPT REV 5% 5.22%
  3. VOLUSIA CNTY FLA EDL FAC AUTH REV 5% 5.11%
  4. MONROEVILLE PA FIN AUTH UPMC REV 5% 4.57%
  5. ALASKA ST INTL ARPTS REVS 5% 4.08%
  6. ALASKA ST HSG FIN CORP 5% 4.03%
  7. OHIO ST UNIV GEN RCPTS 5% 3.83%
  8. MASSACHUSETTS ST 5.25% 3.81%
  9. OLATHE KANS HEALTH FACS REV 5% 3.70%
  10. CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV 5% 3.62%

Asset Allocation

Weighting Return Low Return High PTIIX % Rank
Bonds 		98.19% 84.00% 109.28% 56.52%
Cash 		1.81% -13.05% 13.58% 47.83%
Stocks 		0.00% 0.00% 0.07% 39.13%
Preferred Stocks 		0.00% -0.19% 0.00% 30.43%
Other 		0.00% -0.47% 13.42% 43.48%
Convertible Bonds 		0.00% 0.00% 1.26% 43.48%

Bond Sector Breakdown

Weighting Return Low Return High PTIIX % Rank
Municipal 		98.19% 83.98% 111.11% 47.83%
Cash & Equivalents 		1.81% -13.05% 13.58% 47.83%
Derivative 		0.00% 0.00% 0.01% 39.13%
Securitized 		0.00% 0.00% 3.75% 47.83%
Corporate 		0.00% -0.12% 3.23% 54.35%
Government 		0.00% -11.49% 6.19% 36.96%

Bond Geographic Breakdown

Weighting Return Low Return High PTIIX % Rank
US 		98.19% 83.72% 104.94% 26.09%
Non US 		0.00% 0.00% 7.72% 82.61%

PTIIX - Expenses

Operational Fees

PTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.08% 21.19% 62.50%
Management Fee 0.40% 0.00% 0.83% 40.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.33% N/A

Sales Fees

PTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PTIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 3.59% 130.00% 7.69%

PTIIX - Distributions

Dividend Yield Analysis

PTIIX Category Low Category High PTIIX % Rank
Dividend Yield 0.00% 0.00% 2.40% 43.75%

Dividend Distribution Analysis

PTIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PTIIX Category Low Category High PTIIX % Rank
Net Income Ratio 2.30% 1.30% 4.54% 67.50%

Capital Gain Distribution Analysis

PTIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PTIIX - Fund Manager Analysis

Managers

Adam Mackey

Start Date

Tenure

Tenure Rank

Sep 28, 2007

12.1

12.1%

Adam is head of Municipal Fixed Income and a senior portfolio manager. In his role as a managing director, he supervises credit and quantitative research, portfolio management and trading, and municipal client relations. Adam is responsible for establishing the municipal fixed income strategy for the firm, and, as a senior portfolio manager, he oversees trading and strategy implementation in the municipal bond mutual funds, institutional municipal portfolios, and separately managed municipal accounts. Prior to joining the firm in 2001, he was a fixed income trader at the Vanguard Group where he focused on municipal bonds and derivatives. Adam earned a Bachelor of Science in Business Administration degree from Kutztown University and an M.B.A. in finance from St. Joseph’s University. He is a member of various industry organizations, including the CFA Society of Philadelphia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 21.75 3.6 0.44

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