PNC MD Tax-Exempt Bond I
Two Hopkins Plz Baltimore MD 21201
Map
Phone: 800-551-2145
| Category: | Muni Single State Short | | Fund Family: | Mercantile | | Net Assets: | 76.41M | | Year-to-Date Return: | 7.55% | | Yield: | 2.85% | | Morningstar Rating: |  | | Fund Inception Date: | 02-Jun-92 |
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Stephen Winterstein
Lead Manager since
18-Jun-07 | | | Winterstein is a senior vice president and managing director of PCA. He joined the firm in June 2007. Since 1993, Winterstein has been a managing director and senior vice president of PNC Wealth Management, an affiliate of PCA. |
| Min Initial Investment: | $1,000,000 | | Min Initial Investment, IRA: | NaN | | Min Initial Investment, AIP: | $1,000,000 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | N/A | | 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
(30-Nov-09):
| 0.03 | | Last Cap Gain
(19-Nov-93):
| 0.02 | | Annual Holdings Turnover
| 29.15% | | Average for Category:
| 19.09% |
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| Expense | PDTIX | Category
Avg | | Total Expense Ratio: | %
| 0.84% | | Max 12b1 Fee: | %
| N/A | | Max Front End Sales Load: | %
| 4.25% | | Max Deferred Sales Load: | %
| 1.00% | | 3 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $463 | | 5 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $742 | | 10 Yr Expense Projection*: |
$ YFT_NOT_APPLICABLE_ABBREVIATION | $1,549 |
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