9AT: PNC CAPITAL ADVISORS LLC

PNC CAPITAL ADVISORS LLC

PNC CAPITAL ADVISORS LLC

Adviser Profile

As of Date	03/27/2026
Registration	SEC, Approved, 09/29/2009
ADV Location	BALTIMORE, MD, United States
Contact Info	(21 xxxxxxx
Websites

AUM^*	50,879,088,797 20%
of that, discretionary	50,879,088,797 20%
Number of Employees	258 -2%
of those in investment advisory functions	22 -4%
Private Fund GAV^*	0
Avg Account Size	81,537,001 10%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Banking or thrift institutions
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- State or municipal government entities
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Reported AUM

52B 45B 37B 30B 22B 15B 7B

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Form ADV-E Surprise Examination Reports

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name PRICEWATERHOUSECOOPERS LLP	Filing Date12/17/2025	Form ADV-E View Report
Accounting Firm Name PRICEWATERHOUSECOOPERS LLP	Filing Date10/28/2024	Form ADV-E View Report
Accounting Firm Name PRICEWATERHOUSECOOPERS LLP	Filing Date08/24/2023	Form ADV-E View Report

Brochure Summary

Overview

The Company PNC Capital Advisors, LLC (“PCA” or the “Firm”) is a wholly-owned direct subsidiary of PNC Bank, N.A. (“PNC Bank”). PNC Bank is a wholly-owned subsidiary of The PNC Financial Services Group, Inc. (“PNCFSG”), a publicly traded financial services firm. PCA was established from a predecessor firm in 2007 and has been offering investment advice for institutional accounts, including serving as sub-adviser to certain clients of PNC Bank. Investment Services PCA provides taxable fixed income discretionary investment advisory services to institutional clients through separately managed accounts. PCA may also serve as sub- adviser to affiliates or third parties. Investment Strategies PCA offers the following strategies:
• Enhanced Cash
• Short Term Income
• Ultra Short
• Short Duration 1-3 Year
• Short Duration 1-5 Year
• Intermediate Aggregate
• Intermediate Government/Credit
• Core
• Core Plus
• High Yield
• Insurance
• Liability

Hedging Additional information about these strategies can be found in Item 8, below. PCA also provides custom fixed income management capabilities, based upon client specific investment policies, permissible investments, and other portfolio management parameters. Since they are often customized to address specific client needs, investment policies can vary among institutional accounts within the same strategy or with the same investment objective. Non-Discretionary Advisory Services While the primary business of PCA is providing continuous, discretionary advisory services to non-retail clients, PCA may also provide non-discretionary advisory services to clients, including affiliates. In such cases PCA provides services which may include investment research and recommendations regarding the purchase and sale of individual securities or overall portfolio construction. Assets Under Management As of December 31, 2023, PCA had approximately $37.7 billion in regulatory assets under management, all of which is discretionary.