0000778202 2012-10-11 2012-10-11 0000778202 ck0000778202:S000001201Member ck0000778202:C000003270Member 2012-10-11 2012-10-11 0000778202 ck0000778202:P0002-S000001201Member ck0000778202:S000001201Member 2012-10-11 2012-10-11 0000778202 ck0000778202:S000001201Member ck0000778202:C000003273Member 2012-10-11 2012-10-11 0000778202 ck0000778202:S000001201Member ck0000778202:C000003271Member 2012-10-11 2012-10-11 0000778202 ck0000778202:P0001-S000001201Member ck0000778202:S000001201Member 2012-10-11 2012-10-11 Other 2012-10-11 PNC FUNDS 0000778202 false 2012-10-11 2012-10-11 2012-09-28 PNC Balanced Allocation Fund <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">Supplement dated October 11, 2012 to <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">PNC Equity Funds Class A and Class C Shares Prospectus <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">dated September 28, 2012 <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">This Supplement provides new and additional information beyond that contained in the above-mentioned prospectus and should be read in conjunction with such prospectus. <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal; text-autospace:none">A.  On page 2 of PNC Equity Funds Class A and Class C Shares Prospectus, the first sentence in the third paragraph under the “Principal Investment Strategies” section for PNC Balanced Allocation Fund is deleted and replaced with the following: <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal; text-autospace:none">  <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal; text-autospace:none">The Fund primarily invests the fixed income portion of its portfolio in a broad range of fixed income securities in order to generate current income. <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">Please contact PNC Funds at 1-800-622-FUND (3863) for more information. <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE <p class="MsoNormal" align="right" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="right" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right; line-height:normal;text-autospace:none">SP-EQAC-1012   PBAAX PBCCX PNC Balanced Allocation Fund <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">Supplement dated October 11, 2012 to <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">PNC Equity Funds Class I Shares Prospectus <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">dated September 28, 2012 <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">This Supplement provides new and additional information beyond that contained in the above-mentioned prospectus and should be read in conjunction with such prospectus. <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal; text-autospace:none">A.  On page 1 of PNC Equity Funds Class I Shares Prospectus, the first sentence in the third paragraph under the “Principal Investment Strategies” section for PNC Balanced Allocation Fund is deleted and replaced with the following: <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal; text-autospace:none">  <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in;margin-bottom:0in; margin-left:0in;margin-bottom:.0001pt;text-indent:.5in;line-height:normal; text-autospace:none">The Fund primarily invests the fixed income portion of its portfolio in a broad range of fixed income securities in order to generate current income. <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">Please contact PNC Funds at 1-800-622-FUND (3863) for more information. <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE <p class="MsoNormal" align="right" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right; line-height:normal;text-autospace:none">  <p class="MsoNormal" align="right" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:.05pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:right; line-height:normal;text-autospace:none">SP-EQI-1012   PBLIX