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</LabelSeparator><Level>4</Level><ElementName>ck0000778202_SupplementTextBlock</ElementName><ElementPrefix>ck0000778202_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="S000001178Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin: 0in 0in .0001pt; text-align: center;" align="center"&gt; &lt;strong&gt;&lt;font style="font-size: small; font-weight: bold; font-family: Times New Roman;"&gt;Supplement dated July&amp;#160;1, 2013 to the&lt;/font&gt;&lt;/strong&gt; &lt;/p&gt; &lt;br/&gt;&lt;p align="center" style="margin:0in 0in .0001pt;text-align:center;"&gt; &lt;b&gt;&lt;font size="2" style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;"&gt;PNC Equity Funds Class&amp;#160;A&amp;#160;&amp;amp; C Shares Prospectus&lt;/font&gt;&lt;/b&gt; &lt;/p&gt; &lt;br/&gt;&lt;p align="center" style="margin:0in 0in .0001pt;text-align:center;"&gt; &lt;b&gt;&lt;font size="2" style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;"&gt;dated September&amp;#160;28, 2012&lt;/font&gt;&lt;/b&gt; &lt;/p&gt; &lt;br/&gt;&lt;p align="center" style="margin:0in 0in .0001pt;text-align:center;"&gt; &lt;b&gt;&lt;font size="2" style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;"&gt;This Supplement provides new and additional information beyond that contained in the above-mentioned prospectus and should be read in conjunction with such prospectus.&lt;/font&gt;&lt;/b&gt; &lt;/p&gt; &lt;br/&gt;&lt;p style="margin:0in 0in .0001pt;"&gt; &lt;i&gt;&lt;font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;"&gt;Effective immediately, the following supersedes information included in paragraph K of the supplement dated June&amp;#160;4, 2013 to the prospectus which affected the &amp;#8220;Fund Fees and Expenses&amp;#8221; section of PNC S&amp;amp;P 500 Index Fund.&amp;#160; Therefore, the &amp;#8220;Fund Fees and Expenses&amp;#8221; section of PNC S&amp;amp;P 500 Index Fund on page&amp;#160;28 of the prospectus is deleted in its entirety and replaced with the following:&lt;/font&gt;&lt;/i&gt; &lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>No authoritative reference available.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Supplement [Text Block]</Label></Row><Row FlagID="0"><Id>4</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>4</Level><ElementName>rr_ExpenseHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="S000001178Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>FUND FEES AND EXPENSES</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Risk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) 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 the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions.  A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_ExpensesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>label</PreferredLabelRole><FootnoteIndexer /><Cells /><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>Total Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund.  Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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PNC S&amp;P 500 INDEX FUND</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>false</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI /><NumberOfCols>2</NumberOfCols><NumberOfRows>6</NumberOfRows></InstanceReport><duprows>6</duprows><dupcols>10</dupcols><colcnt>2</colcnt><rowcnt>6</rowcnt><recurs1>0</recurs1><recurs2>18</recurs2><ColumnIterators><CommandIterator><Type>Column</Type><SelectionString>period</SelectionString><Selection>Period</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator><CommandIterator><Type>Column</Type><SelectionString>dei_LegalEntityAxis</SelectionString><Selection>Axis</Selection><Style>Compact</Style><Filter>ck0000778202_S000001178Member</Filter></CommandIterator><CommandIterator><Type>Column</Type><SelectionString>rr_ProspectusShareClassAxis</SelectionString><Selection>Axis</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator><CommandIterator><Type>Column</Type><SelectionString>unit</SelectionString><Selection>Unit</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator></ColumnIterators><RowIterators><CommandIterator><Type>Row</Type><SelectionString>primary</SelectionString><Selection>Element</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator></RowIterators></EmbeddedReport><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Contains a command for the SEC Viewer for the role corresponding to OperatingExpensesData.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Annual Fund Operating Expenses [Table]</Label></Row><Row FlagID="0"><Id>10</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>4</Level><ElementName>rr_ExpenseExampleHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="S000001178Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>Example</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Heading for Expense Example.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_ExpenseExampleNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="S000001178Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin:0in 0in .0001pt;"&gt; &lt;font size="2" style="font-size:10.0pt; font-family: Times New Roman;"&gt;This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&amp;#160; The Example assumes that you invest $10,000 in Class&amp;#160;A or Class&amp;#160;C Shares of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.&amp;#160; The Example also assumes that your investment has a 5% return each year, and that the Fund&amp;#8217;s operating expenses remain the same, except that the contractual limitation on Distribution (12b-1) Fees for Class&amp;#160;A Shares is reflected only in the one year period below.&amp;#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:&lt;/font&gt; &lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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</LabelSeparator><Level>4</Level><ElementName>rr_ExpenseExampleYear01</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells /><ElementDataType>rr:NonNegativeMonetaryType</ElementDataType><SimpleDataType>monetary</SimpleDataType><ElementDefenition>The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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PNC S&amp;P 500 INDEX FUND

(USD $)</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>false</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI /><NumberOfCols>4</NumberOfCols><NumberOfRows>2</NumberOfRows></InstanceReport><duprows>6</duprows><dupcols>4</dupcols><colcnt>4</colcnt><rowcnt>2</rowcnt><recurs1>0</recurs1><recurs2>28</recurs2><ColumnIterators><CommandIterator><Type>Column</Type><SelectionString>primary</SelectionString><Selection>Element</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator></ColumnIterators><RowIterators><CommandIterator><Type>Row</Type><SelectionString>period</SelectionString><Selection>Period</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator><CommandIterator><Type>Row</Type><SelectionString>dei_LegalEntityAxis</SelectionString><Selection>Axis</Selection><Style>Compact</Style><Filter>ck0000778202_S000001178Member</Filter></CommandIterator><CommandIterator><Type>Row</Type><SelectionString>rr_ProspectusShareClassAxis</SelectionString><Selection>Axis</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator><CommandIterator><Type>Row</Type><SelectionString>unit</SelectionString><Selection>Unit</Selection><Style>Compact</Style><Filter>*</Filter></CommandIterator></RowIterators></EmbeddedReport><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Contains a command for the SEC Viewer for the role corresponding to ExpenseExample.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Expense Example, With Redemption [Table]</Label></Row><Row FlagID="0"><Id>13</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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</LabelSeparator><Level>4</Level><ElementName>rr_ExpenseExampleClosingTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole /><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="S000001178Member" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin:0in 0in .0001pt;"&gt; &lt;i&gt;&lt;font size="2" style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;"&gt;Information regarding the above in the Prospectus, including any supplements thereto, is updated accordingly.&lt;/font&gt;&lt;/i&gt; &lt;/p&gt; &lt;br/&gt;&lt;p align="center" style="margin:0in 0in .0001pt;text-align:center;"&gt; &lt;font size="2" style="font-size:10.0pt; font-family: Times New Roman;"&gt;Please contact PNC Funds at 1-800-622-FUND (3863) for more information.&lt;/font&gt; &lt;/p&gt; &lt;br/&gt;&lt;p align="center" style="margin:0in 0in .0001pt;text-align:center;"&gt; &lt;b&gt;&lt;font size="2" style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;"&gt;INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE&lt;/font&gt;&lt;/b&gt; &lt;/p&gt; </NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef



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 -Number N-1A



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