Source: Advent Portfolio Exchange® (APX). Performance returns
are presented gross and net of fees and include the reinvestment of all income.
Gross of fee performance returns do not reflect the payment of investment
advisory fees and other expenses. Actual returns will be reduced by advisory
fees and other expenses that may be incurred in the management of the account.
Net of fee performance was calculated using the highest management fee of .20%, representing
the maximum advisory fees charged to client accounts invested in the Short
Bond Composite during the respective period. Please see PNC Capital Advisor’s
Form ADV, Part 2A for information regarding current advisory fees. Please refer to the GIPS® Compliant Presentation
located at the end of this investment strategy’s Fact Sheet (available under
Quick Links), which includes other important disclosures. Past performance
is no guarantee of future results.
Quarterly Municipal Commentary