PNC PENNSYLVANIA TAX-EXEMPT MONEY MARKET FUND (Second Prospectus Summary) | PNC PENNSYLVANIA TAX-EXEMPT MONEY MARKET FUND

PNC PENNSYLVANIA TAX EXEMPT MONEY MARKET FUND

INVESTMENT OBJECTIVE

The Fund seeks to provide current income exempt from regular federal income tax
and Pennsylvania personal income tax, 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 PENNSYLVANIA TAX-EXEMPT MONEY MARKET FUND		CLASS I	CLASS T
Management Fees		0.20%	0.20%
Distribution (12b-1) Fees		none	none
Shareholder Servicing Fees		none	0.10%
Other	[1]	0.15%	0.15%
Other Expenses		0.15%	0.25%
Total Annual Fund Operating Expenses	[1]	0.35%	0.45%

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 or Class T 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 PNC PENNSYLVANIA TAX-EXEMPT MONEY MARKET FUND (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
CLASS I	36	113	197	443
CLASS T	46	144	252	567

PRINCIPAL INVESTMENT STRATEGIES

The Fund invests primarily in high quality, short-term money market instruments
issued by or on behalf of the Commonwealth of Pennsylvania and its political
subdivisions and financing authorities, and obligations of the United States,
including territories and possessions of the United States, the income from
which is exempt from federal income tax and Pennsylvania personal income tax
("Pennsylvania municipal money market instruments"). However, some Fund
dividends may be taxable if the Fund, as it is permitted to do, invests some of
its assets in taxable instruments. Also, Fund dividends will generally be
subject to state and local income taxes for any shareholders who are not
Pennsylvania residents.

High quality money market instruments are securities that present minimal credit
risks as determined by PNC Capital Advisors, LLC (the "Adviser") and generally
include securities that are rated at the time of purchase by at least two
nationally recognized statistical rating organizations ("NRSROs") or, if only
one NRSRO has rated such securities, then by that NRSRO, in the two highest
rating categories for such securities, and certain securities that are not so
rated but are of comparable quality as determined by the Adviser.

As a matter of fundamental policy, under normal circumstances, the Fund invests
its assets so that at least 80% of its annual interest income is not only exempt
from regular federal income tax and Pennsylvania personal income tax, but also
is not considered a preference item for purposes of the federal alternative
minimum tax. The Fund may also invest in repurchase agreements collateralized
by, but not limited to, cash, government securities, eligible commercial paper
or investment grade fixed income obligations and issued by financial
institutions such as banks or broker dealers. Investment grade fixed income
securities are securities rated in one of the four highest rating categories
by at least one NRSRO, or, if unrated, determined by the Adviser to be of
comparable quality. Up to 20% of the Fund's assets may be invested in
non-Pennsylvania municipal money market investments, the interest on which
is subject to Pennsylvania personal and corporate income tax and/or subject to
federal income tax.

In managing the Fund, the Adviser assesses current and projected market
conditions, particularly interest rates. Based on this assessment and a separate
credit analysis, the Adviser uses gradual shifts in portfolio maturity to respond to
expected changes and selects securities that it believes offer the most attractive
risk/return trade off.

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.

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.

Municipal Obligations Risk. An investment in municipal obligations is subject
to municipal securities risk. Changes in the local or national economy, and
business or political conditions relating to a particular municipal project,
municipality, or state in which the Fund invests may make it difficult for the
municipality to make interest and principal payments when due and thus could
decrease the value of the Fund's investments in municipal bonds. Municipal
obligations also may be more susceptible to downgrades or defaults during
recessions or similar periods of economic stress, which could have an adverse
effect on the market prices of bonds and thus the value of the Fund's
investments. The municipal securities held by a Fund may fail to meet certain
legal requirements which allow interest distributed from such securities to be
tax-exempt, or changes in federal or state tax laws may cause the prices of
municipal securities to fall or could affect the tax-exempt status of municipal
securities. Municipal securities are also subject to liquidity risk.

Single State Risk. The Fund's focus on investments in securities of issuers
located in a single state leaves the Fund subject to the particular economic,
political and regulatory events relating to such securities to a greater extent
than if its assets were not so concentrated. Because the Fund invests primarily
in securities issued by Pennsylvania and its municipalities, events in
Pennsylvania are likely to affect the Fund's investments and its performance.
As a result, the Fund is more vulnerable to unfavorable developments in
Pennsylvania than are funds that invest in municipal securities of multiple
states.

Tax Risk. Distributions of capital gains and other taxable income will be
subject to applicable federal, state and local income taxes. Interest on certain
municipal securities that are exempt from federal income tax may, nonetheless,
be subject to the alternative minimum tax. Shareholders should consult with
their tax advisors when determining the taxable nature of any fund distributions
for federal, state or local tax purposes. An investment in the Fund may also
result in liability for federal alternative minimum tax, both for individual and
corporate shareholders.

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
and Class T 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_356/Overview.fs or by
calling 1-800-622-FUND (3863). The Fund's 7-day yield as of December 31, 2011
was 0.02%.

Calendar Year Total Returns

Best Quarter        0.88%   (9/30/07)    
Worst Quarter       0.01%   (9/30/11)    
  
The Fund's year-to-date total return for Class I Shares through June 30, 2012
was 0.01%.

Average Annual Total Returns PNC PENNSYLVANIA TAX-EXEMPT MONEY MARKET FUND	Label	1 Year	5 Years	10 Years	Since Inception	Inception Date
CLASS I	Class I Shares	0.10%	1.13%	1.38%
CLASS T	Class T Shares	0.10%			0.09%	Nov. 22, 2010

[1] "Other Expenses" include indirect fees and expenses of Acquired Funds less than 0.01% but greater than 0.005%. "Acquired Fund" means any investment company in which the Fund invests or has invested during the period.