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PDLAX PNC Tax-Exempt Ltd Maturity Bond A

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Fund PDLAX PNC Tax-Exempt Ltd Maturity Bond A VMLTX Vanguard Ltd-Term Tx-Ex IBMG iShares iBonds Sep 2018 Term Muni Bond  
Similarity
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100% 97% 91%
Annual Fees
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$82.61
(0.81% Exp. Ratio)
$20.40
(0.20% Exp. Ratio)
$18.36
(0.18% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.98% annual return
$14,128.22 $16,981.14 $17,083.53
Est. savings over 30 yrs +$2,852.92 +$2,955.31
Return
As of 11/30/16
1 YR RETURN -0.86%
3 YR 0.60%
5 YR 0.76%
10 YR 1.99%
1 YR RETURN -0.35%
3 YR 0.86%
5 YR 1.12%
10 YR 2.32%
1 YR RETURN 0.41%
3 YR 1.02%
5 YR --
10 YR --
Description
The investment seeks current income that is exempt from regular federal income tax, while preserving capital. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in municipal bonds and other municipal obligations that pay interest that is exempt from both regular federal income tax and federal alternative minimum tax. It normally will maintain a dollar-weighted average portfolio maturity of between one and five years, but may vary outside that range from time to time, including due to market conditions or if deemed appropriate for temporary defensive purposes.
The investment seeks current income that is exempt from federal personal income taxes, with limited price volatility. The fund has no limitations on the maturity of individual securities, but is expected to maintain a dollar-weighted average maturity of 2 to 6 years. At least 75% of the securities held by the fund are municipal bonds in the top three credit-rating categories as determined by a nationally recognized statistical rating organization or, if unrated, determined to be of comparable quality by the advisor. The remaining 5% may be invested in securities with lower credit ratings or, if unrated, determined to be of comparable quality by the advisor.
The investment seeks to track the investment results of the S&P AMT-Free Municipal Series 2018 IndexTM (the "underlying index"), which measures the performance of investment-grade, non-callable U.S. municipal bonds maturing in 2018. The fund generally will invest at least 90% of its assets in the component securities of the underlying index, and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index, but which the advisor believes will help the fund track the underlying index. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

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