PNC GOVERNMENT MONEY MARKET FUND (Second Prospectus Summary) | PNC GOVERNMENT MONEY MARKET FUND

PNC GOVERNMENT MONEY MARKET FUND

INVESTMENT OBJECTIVE

The Fund seeks to provide high current income consistent with stability of
principal and liquidity.

FUND FEES AND EXPENSES

The following table describes the fees and expenses that you may pay if you buy
and hold Fund shares.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses	PNC GOVERNMENT MONEY MARKET FUND CLASS I
Management Fees	0.25%
Distribution (12b-1) Fees	none
Shareholder Servicing Fees	none
Other	0.10%
Other Expenses	0.10%
Total Annual Fund Operating Expenses	0.35%

Example

This Example is intended to help you compare the cost of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in Class I Shares of the Fund for the time periods indicated and
then redeem all of your shares at the end of those periods. The Example also
assumes that your investment has a 5% return each year, and that the Fund's
operating expenses remain the same. Although your actual costs may be higher or
lower, based on these assumptions your costs would be:

Expense Example (USD $)	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
PNC GOVERNMENT MONEY MARKET FUND CLASS I	36	113	197	443

PRINCIPAL INVESTMENT STRATEGIES

Under normal circumstances, the Fund invests 100% of its net assets plus any
borrowings for investment purposes in short-term obligations issued or
guaranteed by the U.S. government as well as securities issued or guaranteed by
agencies, authorities, instrumentalities or sponsored enterprises of the U.S.
government. The Fund will provide shareholders with at least 60 days' written
notice before it will adopt a policy that will permit the Fund to invest less
than 100% of its net assets plus any borrowings for investment purposes in such
securities. The Fund may also invest in repurchase agreements collateralized by
obligations issued or guaranteed by the U.S. government as well as securities
issued or guaranteed by agencies, authorities, instrumentalities or sponsored
enterprises of the U.S. government.

As a money market fund, the Fund invests only in instruments with remaining
maturities of 397 days or less as determined under Rule 2a-7 of the Investment
Company Act of 1940, including variable and floating rate obligations with
longer maturities that are deemed to have remaining maturities of 397 days or
less in accordance with Rule 2a-7 due to interest rate resetting provisions
and/or demand features. The Fund's dollar-weighted average maturity will not
exceed 60 days and the Fund's dollar-weighted average life will not exceed 120
days.

PRINCIPAL RISKS

Counter-Party Risk. If the other party to a repurchase agreement defaults on its
obligation under the agreement, the Fund may suffer delays, incur costs and/or
lose money in exercising its rights under the agreement. If the seller fails to
repurchase the security and the market value of the security declines, the Fund
may lose money.

Credit Risk. The values of debt securities or other instruments may be affected
by the ability of issuers or the respective counterparties to make principal and
interest payments or otherwise meet their obligations to the Fund. If an issuer
cannot or will not meet its payment obligations or if its credit rating is
lowered or its financial strength deteriorates, the values of its debt
securities or other instruments may fall. Obligations issued by U.S. government
agencies, authorities, instrumentalities or sponsored enterprises, such as the
Government National Mortgage Association, are backed by the full faith and
credit of the U.S. Treasury, while obligations issued by others, such as the
Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation
and Federal Home Loan Banks, are backed solely by the ability of the entity to
borrow from the U.S. Treasury or by the entity's own resources.

Government Securities Risk. Investments in certain U.S. government securities
may not be supported by the full faith and credit of the U.S. government.
Accordingly, no assurance can be given that the U.S. government will provide
financial support to U.S. government agencies, instrumentalities or sponsored
enterprises if it is not obligated to do so by law. The maximum potential
liability of the issuers of some U.S. government securities held by the Fund may
greatly exceed their current resources, and it is possible that these issuers
will not have the funds to meet their payment obligations in the future. In such
a case, the Fund would have to look principally to the agency, instrumentality
or sponsored enterprise issuing or guaranteeing the security for ultimate
repayment, and the Fund may not be able to assert a claim against the U.S.
government itself in the event the agency, instrumentality or sponsored
enterprise does not meet its commitment. Concerns about the capacity of the U.S.
government to meet its obligations may raise the interest rates payable on its
securities, negatively impacting the price of such securities already held by
the Fund.

Interest Rate Risk. The value of a debt security typically changes in the
opposite direction from a change in interest rates. When interest rates go up,
the value of a debt security typically goes down. When interest rates go down,
the value of a debt security typically goes up. Generally, the longer the
maturity or duration of a debt security (or a portfolio of such securities), the
more the value of that security (or portfolio of securities) will change as a
result of changes in interest rates.

Money Market Fund Risk. A Fund's ability to maintain a $1.00 per share net asset
value ("NAV") at all times could be affected by a sharp rise in interest rates
causing the value of a Fund's investments and its share price to drop, a drop in
interest rates that reduces the Fund's yield or the downgrading or default of
any of the Fund's holdings. The Adviser and its affiliates are under no
obligation to support the share price of the Fund. The failure of any money
market fund to maintain a stable net asset value could create a widespread risk
of increased redemption pressures on all money market funds, including the Fund,
potentially jeopardizing the stability of their net asset values. In general,
certain other money market funds have in the past failed to maintain stable net
asset values and there can be no assurance that such failures and resulting
redemption pressures will not impact the Fund in the future. The Securities and
Exchange Commission ("SEC") recently adopted amendments to its rules relating to
money market funds. Among other changes, the amendments impose more stringent
average maturity limits, higher credit quality standards and new liquidity
requirements on money market funds. Although these amendments are designed to
reduce the risks associated with investments in money market funds, they also
may reduce a money market fund's yield potential. The SEC or other regulatory
authorities may adopt additional reforms to money market regulation, which
reforms may impact the operations and performance of the Fund.

All investments are subject to inherent risks, and an investment in the Fund is
no exception. Your investment in the Fund is not a bank deposit and is not
insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. Although the Fund seeks to preserve the value of your
investment at $1.00 per share, it is possible to lose money by investing in the
Fund.

PERFORMANCE INFORMATION

The bar chart and the performance table below provide some indication of the
risks of investing in the Fund by showing changes in the performance of the
Fund's Class I Shares from year to year. The performance table measures
performance in terms of the average annual total returns of the Fund's Class I
Shares. As with all mutual funds, the Fund's past performance does not predict
the Fund's future performance. Updated information on the Fund's performance can
be obtained by visiting
http://pncfunds.com/Funds_Performance/Fund_Snapshot/FundID_343/Overview.fs or by
calling 1-800-622-FUND (3863). The Fund's 7-day yield as of December 31, 2011
was 0.01%.

Calendar Year Total Returns

Best Quarter        1.25%   (12/31/06)      
Worst Quarter       0.00%   (12/31/11)      
  
The Fund's year-to-date total return for Class I Shares through June 30, 2012
was 0.01%.

AVERAGE ANNUAL TOTAL RETURNS (For the periods ended December 31, 2011)

Average Annual Total Returns	1 Year	5 Years	10 Years
PNC GOVERNMENT MONEY MARKET FUND CLASS I	0.03%	1.45%	1.79%