PNC Maryland Tax-Exempt Bond Fund Class C (PDACX)

11.16
Net Asset Value
+0.09%
1 Day
+2.76%
Year-to-Date
Overall Morningstar Rating
Muni single state interm
Style or Category
No Load
Sales Expenses
1.56%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of interest income that is exempt from federal and Maryland state and local income taxes. The fund invests at least 80% of its net assets plus any borrowings for investment purposes in investment-grade municipal bonds and other municipal obligations issued by the State of Maryland, its counties, municipalities and other taxing districts, and other issuers located outside of Maryland that are exempt from federal income taxes, federal alternative minimum tax and Maryland state and local income taxes. It will invest in securities of varying maturity. The fund is non-diversified.

Performance

1 month-0.22% 3 years+1.43%
3 months+0.61% 5 years+2.06%
1 year+4.25% Since inception+2.25%
Data through --

Peer Comparisonvs. Muni single state interm

 PDACXCategory
Performance 5-yr return+2.06%+4.22%
Expense ratio1.56%0.98%
Risk 5 year sharpe ratio0.701.07
Net assets$54.8M$189.8M
Average market cap--$30.7B
Average P/E----
Portfolio turnover4%4%

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Fund Management and Purchase Info

Fund familyPNC Funds
Fund manager & tenureAdam Mackey / 7 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income99.05%
Cash0.95%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Maryland St Health & Higher Ed Rev Bd 5%6.40%
-- Frederick Cnty Md Spl Obl Spl Oblig 5%6.27%
-- Maryland St Dept Transn Cons T Cons T 5%5.37%
-- Guam Govt Busn Privilege T Busn 5%5.20%
-- Maryland St Transn Auth 5.25%4.98%
-- Maryland St Health & Higher Ed Obl Gr 5%4.88%
-- Worcester Cnty Md Cons Pub 5%4.59%
-- Howard Cnty Md Go Bds 5%4.56%
-- Maryland St Dept Transn Cons T Consld 5%4.35%
-- Maryland Econ Dev Corp Pol Rev Ref 6.2%3.38%

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