Mercantile Maryland Tax Exempt Bond Fund (PDACX)

10.73
Net Asset Value
0.00%
1 Day
0.00%
Year-to-Date
Overall Morningstar Rating
Muni single state interm
Style or Category
3
Sales Expenses
0.94%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide current income that is exempt from regular federal income tax and Maryland state and local income taxes- while preserving capital. 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+0.05% 3 years+0.88%
3 months-1.22% 5 years+1.10%
1 year+0.02% Since inception+2.49%
Data through --

Peer Comparisonvs. Muni single state interm

 PDACXCategory
Performance 5-yr return+1.10%+1.74%
Expense ratio0.94%0.88%
Risk 5 year sharpe ratio0.300.46
Net assets$20.9M$185.2M
Average market cap----
Average P/E----
Portfolio turnover9%9%

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Fund Management and Purchase Info

Fund familyPNC Funds
Fund manager & tenureAdam Mackey / 10 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income78.27%
Cash21.73%
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
Holdings not available.