As filed with the Securities and Exchange Commission on

October 19, 2012

Securities Act File No.  033-65690

Investment Company Act File No.  811-07850

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-1A

(Check appropriate box or boxes)

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933	x
Post-effective Amendment No. 37	x
AND
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940	x
Amendment No. 38	x

PNC ADVANTAGE FUNDS

(Exact Name of Registrant as Specified in Charter)

One East Pratt Street, 5th Floor

Baltimore, Maryland 21202

(Address of Principal Executive Offices)

1-800-364-4890

(Registrant’s Telephone Number)

John M. Loder, Esq.

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, Massachusetts 02199-3600

(617) 951-7405

(Name and Address of Agent for Service)

Copies of Communications to:

Daniel O. Hirsch, Esq.

PNC Legal Department

1600 Market Street, 28th Floor

Philadelphia, Pennsylvania 19103

(215) 585-5082

It is proposed that this filing will become effective (check applicable box):

x immediately upon filing pursuant to paragraph (b)

o on (date) pursuant to paragraph (b)

o 60 days after filing pursuant to paragraph (a)(1)

o on (date) pursuant to paragraph (a)(1)

o 75 days after filing pursuant to paragraph (a)(2)

o on (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

o this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

Explanatory Note

This Post-Effective Amendment  No. 37 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in Post-Effective Amendment No. 36 to the Fund’s Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 37 to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Baltimore, State of Maryland, on the 19th day of October, 2012.

PNC ADVANTAGE FUNDS

Registrant

/s/ Kevin A. McCreadie

Kevin A. McCreadie

President and Chief Executive Officer

Pursuant to the requirements of the Securities Act, this Post-Effective Amendment No. 37 to Registrant’s Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

Signature		Title	Date
*John G. Drosdick		Trustee and Chairman of the Board	October 19, 2012
John G. Drosdick
*Dorothy A. Berry		Trustee	October 19, 2012
Dorothy A. Berry
*Dale C. LaPorte		Trustee	October 19, 2012
Dale C. LaPorte
*L. White Matthews, III		Trustee	October 19, 2012
L. White Matthews, III
*Edward D. Miller, M.D.		Trustee	October 19, 2012
Edward D. Miller, M.D.
*Stephen M. Todd		Trustee	October 19, 2012
Stephen M. Todd
/s/Kevin A. McCreadie		President and Chief Executive Officer	October 19, 2012
Kevin A. McCreadie
/s/John Kernan		Treasurer	October 19, 2012
John Kernan
*By:	/s/ Savonne L. Ferguson
	Savonne L. Ferguson
	Attorney-in-Fact

EXHIBIT INDEX

Exhibit No.	Description
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101. DEF	XBRL Taxonomy Extension Definition Linkbase
101. LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase