XML 10 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Label Element Value
PNC TOTAL RETURN ADVANTAGE FUND  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000778202_SupplementTextBlock

Supplement dated December 10, 2018 to


PNC Funds Prospectus and


PNC Total Return Advantage Fund Summary Prospectus, each dated September 28, 2018, and


PNC Funds Statement of Additional Information dated November 21, 2018, each as supplemented


PNC Total Return Advantage Fund (the “Fund”)


This Supplement provides new and additional information beyond that contained in the above-mentioned prospectus, statement of additional information and summary prospectus and should be read in conjunction with those documents.

Risk/Return [Heading] rr_RiskReturnHeading PNC TOTAL RETURN ADVANTAGE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Effective upon the close of business on December 7, 2018, the Fund’s management fee has been lowered to 0.30% of the Fund’s average daily net assets. In addition, the Fund’s expense limitation agreement with respect to Class A and Class I shares of the Fund has been amended to lower the expense limitation with respect to each class of the Fund as shown in the table below. Accordingly, the Fund’s Annual Fund Operating Expenses table in the Fund’s Summary Prospectus and Prospectus is re-stated as follows:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Dec. 07, 2019
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Expense information has been restated to reflect fees effective December 10, 2018.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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 A or 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, except that the Fee Waiver and Expense Reimbursement and the contractual limitation on Distribution (12b-1) Fees for Class A Shares are reflected only in the one-year period below. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

All other references to the Fund’s previously effective management fee rate and expense limitation agreement are hereby revised.


Please contact PNC Funds at 1-800-622-FUND (3863) for more information.


INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

PNC TOTAL RETURN ADVANTAGE FUND | CLASS A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.50% [1]
Maximum Deferred Sales Charge (Load) (as a percentage of net asset value) rr_MaximumDeferredSalesChargeOverOfferingPrice 0.50% [2]
Redemption Fees rr_RedemptionFeeOverRedemption none
Management Fees rr_ManagementFeesOverAssets 0.30% [3]
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.01% [4]
Shareholder Servicing Fees rr_Component1OtherExpensesOverAssets 0.25%
Other rr_Component2OtherExpensesOverAssets 0.18%
Other Expenses rr_OtherExpensesOverAssets 0.43% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.74%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.13% [3],[5]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 0.61% [5]
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock This contingent deferred sales charge applies only to purchases of $1,000,000 or more of Class A Shares if the shares are redeemed within 12 months of the date of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 510
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 682
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 869
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,410
PNC TOTAL RETURN ADVANTAGE FUND | CLASS I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of net asset value) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fees rr_RedemptionFeeOverRedemption none
Management Fees rr_ManagementFeesOverAssets 0.30% [3]
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Shareholder Servicing Fees rr_Component1OtherExpensesOverAssets none
Other rr_Component2OtherExpensesOverAssets 0.18%
Other Expenses rr_OtherExpensesOverAssets 0.18% [3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.48%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets 0.13% [3],[5]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 0.35% [5]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 36
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 141
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 256
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 591
[1] A sales charge is not charged on purchases of Class A Shares in the amount of $1,000,000 or more.
[2] This contingent deferred sales charge applies only to purchases of $1,000,000 or more of Class A Shares if the shares are redeemed within 12 months of the date of purchase.
[3] Expense information has been restated to reflect fees effective December 10, 2018.
[4] The Fund may reimburse expenses incurred by PNC Funds Distributor, LLC (the "Underwriter") up to a maximum of 0.10% under the Fund's distribution plan for Class A Shares. The Board of Trustees (the "Board") has approved a contractual commitment whereby such reimbursements will be no more than the Distribution (12b-1) Fees stated in the table above for the Fund. This commitment continues through December 7, 2019, at which time the Board will determine whether to renew, revise or discontinue it, except that it may be terminated by the Board at any time.
[5] The Fund's investment adviser (the "Adviser") has contractually agreed to waive Management Fees and reimburse or pay certain operating expenses for the Fund to the extent the Fund's Total Annual Fund Operating Expenses exceed 0.61% and 0.35% for Class A and Class I Shares, respectively, excluding certain expenses such as extraordinary expenses, acquired fund fees and expenses, taxes, brokerage commissions, dealer and underwriter spreads, commitment fees on leverage facilities, prime broker fees and expenses, interest expense and dividend expenses related to short sales. This contract continues through December 7, 2019, at which time the Adviser will determine whether to renew, revise or discontinue it, except that it may be terminated by the Board at any time. The Adviser can be reimbursed by the Fund for any contractual fee reductions or expense reimbursements if reimbursement to the Adviser (a) occurs within the three years following the year in which the Fund accrues a liability or recognizes a contingent liability with respect to such amounts paid, waived or reimbursed by the Adviser and (b) does not cause the Total Annual Fund Operating Expenses of a class to exceed the percentage limit that was in effect at the time the Adviser paid, waived or reimbursed the amount being repaid by the Fund.