-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G8S/nv5HgJ1UdE287bEIVeFYLpC7pxcrjiS7+69aEtaTppXGZBlHgLxtN2FZD1iq 4Sxt6ljz8bP32RNs0tay0w== 0000950116-97-001313.txt : 19970717 0000950116-97-001313.hdr.sgml : 19970717 ACCESSION NUMBER: 0000950116-97-001313 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970716 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR TAX FREE FUNDS INC CENTRAL INDEX KEY: 0000733362 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-87910 FILM NUMBER: 97641336 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123767000 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA TAX FREE FUNDS INC DATE OF NAME CHANGE: 19910226 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT FLEX FUND INC DATE OF NAME CHANGE: 19900131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INTERMEDIATE TAX FREE FUNDS INC CENTRAL INDEX KEY: 0000773675 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-99266 FILM NUMBER: 97641337 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123718684 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA INTERMEDIATE TAX FREE FUNDS INC DATE OF NAME CHANGE: 19920305 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT CAPITAL CONSERVATION FUND INC DATE OF NAME CHANGE: 19900131 FORMER COMPANY: FORMER CONFORMED NAME: DOUBLE EXEMPT INTERMEDIATE TERM FUND INC DATE OF NAME CHANGE: 19860310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INSURED FUNDS INC CENTRAL INDEX KEY: 0000809064 STANDARD INDUSTRIAL CLASSIFICATION: [] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11235 FILM NUMBER: 97641338 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123718684 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH STREET STREET 2: SUITE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR MINNESOTA INSURED FUNDS INC DATE OF NAME CHANGE: 19910926 FORMER COMPANY: FORMER CONFORMED NAME: MINNESOTA INSURED FUND INC DATE OF NAME CHANGE: 19900131 FORMER COMPANY: FORMER CONFORMED NAME: MINNESOTA ALTERNATIVE FUND INC DATE OF NAME CHANGE: 19881227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC-II CENTRAL INDEX KEY: 0000809872 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 841044878 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-11495 FILM NUMBER: 97641339 BUSINESS ADDRESS: STREET 1: 90 S SEVENTH ST STE 400 STREET 2: C/O VOYAGEUR FUNDS CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 BUSINESS PHONE: 6123767000 MAIL ADDRESS: STREET 1: C/O VOYAGEUR FUNDS STREET 2: 90 S SEVENTH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 FORMER COMPANY: FORMER CONFORMED NAME: VOYAGEUR COLORADO TAX FREE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: COLORADO DOUBLE TAX EXEMPT FUND INC DATE OF NAME CHANGE: 19900625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INVESTMENT TRUST CENTRAL INDEX KEY: 0000879342 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-42827 FILM NUMBER: 97641340 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 44502-4115 BUSINESS PHONE: 6123767118 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 44502-4115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000906236 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411756458 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-63238 FILM NUMBER: 97641341 BUSINESS ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 BUSINESS PHONE: 6123767129 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOYAGEUR INVESTMENT TRUST II CENTRAL INDEX KEY: 0000918945 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 416380618 STATE OF INCORPORATION: MN FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-75112 FILM NUMBER: 97641342 BUSINESS ADDRESS: STREET 1: 90 S SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 BUSINESS PHONE: 6123767000 MAIL ADDRESS: STREET 1: 90 SOUTH SEVENTH ST STREET 2: STE 4400 CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4115 497 1 JULY 15, 1997 Supplement to Statement of Additional Information Dated April 28, 1997 for the following Funds Delaware-Voyageur Tax-Free Arizona Intermediate Fund Delaware-Voyageur Tax-Free Arizona Insured Fund Delaware-Voyageur Tax-Free Arizona Fund Delaware-Voyageur Tax-Free California Intermediate Fund Delaware-Voyageur Tax-Free California Fund Delaware-Voyageur Tax-Free Colorado Intermediate Fund Delaware-Voyageur Tax-Free Colorado Insured Fund Delaware-Voyageur Tax-Free Colorado Fund Delaware-Voyageur Tax-Free Florida Intermediate Fund Delaware-Voyageur Tax-Free Florida Insured Fund Delaware-Voyageur Tax-Free Florida Fund Delaware-Voyageur Tax-Free Idaho Fund Delaware-Voyageur Tax-Free Iowa Fund Delaware-Voyageur Tax-Free Kansas Fund Delaware-Voyageur Tax-Free Minnesota Intermediate Fund Delaware-Voyageur Minnesota Insured Fund Delaware-Voyageur Tax-Free Minnesota Fund Delaware-Voyageur Tax-Free Missouri Insured Fund Delaware-Voyageur Tax-Free California Insured Fund Delaware-Voyageur Tax-Free New Mexico Fund Delaware-Voyageur Tax-Free New York Fund Delaware-Voyageur Tax-Free North Dakota Fund Delaware-Voyageur Tax-Free Oregon Insured Fund Delaware-Voyageur Tax-Free Utah Fund Delaware-Voyageur Tax-Free Washington Insured Fund Delaware-Voyageur Tax-Free Wisconsin Fund The following replaces the average annual total return figures in the section of the Statement of Additional Information entitled Average Annual Total Return under Calculation of Performance Data:
Average Annual Total Return Tax-Free Arizona Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 1.50% 5.47% 12/31/96 0.85% 4.83% 12/31/96 3.69% 4.68% Period Period Period 3/2/95(1) 6/29/95(1) 5/13/95(1) through through through 12/31/96 7.91% 10.18% 12/31/96 5.85% 8.41% 12/31/96 8.66% 8.66% Tax-Free Arizona Insured Fund Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 0.21%(3) 4.08%(3) 12/31/96 (0.66%)(3) 3.31%(3) 12/31/96 2.17% 3.16% Period Period 3 years 3/10/95(1) 5/26/94(1) ended through through 12/31/96 3.38%(3) 4.70%(3) 12/31/96 5.41%(3) 7.51%(3) 12/31/96 6.70%(3) 6.70%(3) 5 years ended 12/31/96 6.46%(3) 7.27%(3) Period 4/1/91(1) through 12/31/96 7.34%(3) 8.05%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free California Fund(3) Class B Class B Class A Class A Shares Shares Shares Shares (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) 1 year 1 year ended ended 12/31/96 0.33% 4.19% 12/31/96 (0.16%) 3.76% Period Period 3/3/95(1) 8/23/95(1) through through 12/31/96 6.53% 8.77% 12/31/96 7.02% 9.88% Tax-Free California Insured Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.23%) 3.61% 12/31/96 (0.74%) 3.21% 12/31/96 1.47% 2.45% Period Period 3 years 3/1/94(1) 4/12/95(1) ended through through 12/31/96 2.85% 4.18% 12/31/96 3.44% 4.40% 12/31/96 5.93% 5.93% Period 10/15/92(1) through 12/31/96 5.94% 6.91%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Colorado Fund Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 0.21%(3) 4.07%(3) 12/31/96 (0.72%)(3) 3.24%(3) 12/31/96 2.17% 3.16% Period Period 3 years 3/22/95(1) 5/6/94(1) ended through through 12/31/96 3.15%(3) 4.47%(3) 12/31/96 5.21%(3) 7.35%(3) 12/31/96 6.63%(3) 6.63%(3) 5 years ended 12/31/96 6.62%(3) 7.43%(3) Period 4/23/87(1) through 12/31/96 7.74%(3) 8.17%(3) Tax-Free Florida Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.18%) 3.73% 12/31/96 (0.43%) 3.50% 12/31/96 1.96% 2.94% Period Period Period 3/2/95(1) 9/15/95(1) 4/22/95(1) through through through 12/31/96 6.53% 8.78% 12/31/96 3.68% 6.72% 12/31/96 6.96% 6.96%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Florida Insured Fund(3) Class B Class B Class A Class A Shares Shares Shares Shares) (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) 1 year 1 year ended ended 12/31/96 (1.00%) 2.89% 12/31/96 (1.53%) 2.39% Period 3 years 3/11/94(1) ended through 12/31/96 3.13% 4.45% 12/31/96 4.21% 5.20% Period 1/1/92(1) through 12/31/96 6.58% 7.40% Tax-Free Florida Intermediate Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(4) CDSC) CDSC)(5) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 0.47% 3.33% 12/31/96 0.58% 2.56% 12/31/96 1.37% 2.36% Period Period Period 5/1/94(1) 9/15/95(1) 3/23/95(1) through through through 12/31/96 5.01% 6.10% 12/31/96 1.36% 2.87% 12/31/96 5.78% 5.78%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s). (4) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 2% if shares are redeemed within two years of purchase; and (ii) 1% if shares are redeemed during the third year following purchase. The above figures have been calculated using this new schedule. (5) Beginning June 9, 1997, the CDSC applicable to Class C Shares will be 1.00% if shares are redeemed within 12 months of purchase. The above figures have been calculated using this new schedule.
Average Annual Total Return Tax-Free Idaho Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 0.42% 4.34% 12/31/96 (0.23%) 3.73% 12/31/96 2.48% 3.47% Period Period Period 1/4/95(1) 3/16/95(1) 1/11/95(1) through through through 12/31/96 8.67% 10.77% 12/31/96 5.43% 7.55% 12/31/96 9.62% 9.62% Tax-Free Iowa Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (1.27%) 2.55% 12/31/96 (2.17%) 1.74% 12/31/96 0.57% 1.54% Period Period 3 years 3/24/95(1) 1/4/95(1) ended through through 12/31/96 2.27% 3.58% 12/31/96 4.72% 6.88% 12/31/96 10.28% 10.28% Period 9/1/93(1) through 12/31/96 2.69% 3.87%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Kansas Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.48%) 3.41% 12/31/96 (1.26%) 2.67% 12/31/96 1.52% 2.51% Period Period 3 years 4/8/95(1) 4/12/95(1) ended through through 12/31/96 3.25% 4.57% 12/31/96 4.36% 6.58% 12/31/96 6.26% 6.26% Period 11/30/92(1) through 12/31/96 6.02% 7.02% Tax-Free Minnesota Fund Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.54%) 3.31% 12/31/96 (1.12%)(3) 2.82%(3) 12/31/96 1.65% 2.63% Period Period 3 years 3/11/95(1) 5/4/94(1) ended through through 12/31/96 2.91% 4.23% 12/31/96 4.90%(3) 7.01%(3) 12/31/96 6.04% 6.04% 5 years ended 12/31/96 5.81% 6.62% 10 years ended 12/31/96 6.72%(3) 7.13%(3) Period 2/27/84(1) through 12/31/96 8.70%(3) 9.03%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Minnesota Insured Fund Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.17%) 3.74% 12/31/96 (0.94%)(3) 3.01%(3) 12/31/96 1.98% 2.96% Period Period 3 years 3/7/95(1) 5/4/94(1) ended through through 12/31/96 2.63%(3) 3.95%(3) 12/31/96 4.79%(3) 6.89%(3) 12/31/96 5.84%(3) 5.84%(3) 5 years ended 12/31/96 5.96%(3) 6.77%(3) Period 5/1/87(1) through 12/31/96 7.13%(3) 7.55%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Minnesota Intermediate Fund Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC)(3) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 0.64% 3.44% 12/31/96 0.74%(4) 2.72%(4) 12/31/96 1.69% 2.67% Period Period 3 years 8/15/95(1) 5/4/94(1) ended through through 12/31/96 3.07%(4) 4.05%(4) 12/31/96 4.08%(4) 4.36%(4) 12/31/96 4.73%(4) 4.73%(4) 5 years ended 12/31/96 4.74%(4) 5.32%(4) 10 years ended 12/31/96 5.43%(4) 5.72%(4) Period 10/27/85(1) through 12/31/96 5.93%(4) 6.19%(4)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 2% if shares are redeemed within two years of purchase; and (ii) 1% if shares are redeemed during the third year following purchase. The above figures have been calculated using this new schedule. (3) Beginning June 9, 1997, the CDSC applicable to Class C Shares will be 1.00% if shares are redeemed within 12 months of purchase. The above figures have been calculated using this new schedule. (4) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Missouri Insured Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.48%) 3.39% 12/31/96 (1.02%) 2.92% 12/31/96 1.48% 2.46% Period Period 3 years 3/12/94(1) 11/11/95(1) ended through through 12/31/96 2.80% 4.12% 12/31/96 4.10% 5.09% 12/31/96 4.14% 4.14% Period 11/2/92(1) through 12/31/96 5.62% 6.59% Tax-Free New Mexico Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) Period 1 year 1 year 5/7/96(1) ended ended through 12/31/96 0.25% 4.12% 12/31/96 (0.59%) 3.37% 12/31/96 5.30% 6.30% Period 3 years 3/3/94(1) ended through 12/31/96 3.74% 5.06% 12/31/96 3.92% 4.90% Period 10/5/92(1) through 12/31/96 6.37% 7.33%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free New York Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (1.40%) 2.45% 12/31/96 (2.46%) 1.42% 12/31/96 0.46% 1.43% Period Period 3 years 11/14/94(1) 4/26/95(1) ended through through 12/31/96 2.11% 3.43% 12/31/96 4.99% 6.31% 12/31/96 3.98% 3.98% 5 years ended 12/31/96 5.35% 6.15% Period 11/6/87(1) through 12/31/96 7.12% 7.57% Tax-Free North Dakota Fund Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 3.87%(3) (0.04%)(3) 12/31/96 (0.58%)(3) 3.38%(3) 12/31/96 1.82% 2.80% Period Period 3 years 5/10/94(1) 7/29/95(1) ended through through 12/31/96 4.98%(3) 3.66%(3) 12/31/96 6.54%(3) 7.56%(3) 12/31/96 6.54%(3) 6.54%(3) 5 years ended 12/31/96 7.13%(3) 6.32%(3) Period 4/1/91(1) through 12/31/96 7.80%(3) 7.09%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Oregon Insured Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.72%) 3.13% 12/31/96 (1.33%) 2.60% 12/31/96 1.38% 2.36% Period Period 3 years 3/12/94(1) 7/5/95(1) ended through through 12/31/96 2.86% 4.19% 12/31/96 3.77% 4.76% 12/31/96 5.88% 5.88% Period 8/1/93(1) through 12/31/96 3.70% 4.87% Tax-Free Utah Fund(3) Class B Class B Class A Class A Shares Shares Shares Shares (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) 1 year 1 year ended ended 12/31/96 (0.54%) 3.34% 12/31/96 (1.47%) 2.45% Period 3 years 5/27/95(1) ended through 12/31/96 3.50% 4.82% 12/31/96 3.24% 5.67% Period 10/5/92(1) through 12/31/96 6.83% 7.79%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Average Annual Total Return Tax-Free Washington Insured Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 0.03% 3.96% 12/31/96 (0.65%) 3.31% 12/31/96 2.11% 3.10% Period Period 3 years 10/24/95(1) 4/21/95(1) ended through through 12/31/96 3.53% 4.85% 12/31/96 2.29% 5.63% 12/31/96 6.62% 6.62% Period 8/1/93(1) through 12/31/96 5.47% 6.66% Tax-Free Wisconsin Fund(3) Class B Class B Class C Class C Class A Class A Shares Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) (at NAV) CDSC)(2) CDSC) CDSC) CDSC) 1 year 1 year 1 year ended ended ended 12/31/96 (0.40%) 3.47% 12/31/96 (1.11%) 2.83% 12/31/96 1.74% 2.72% Period Period 3 years 4/22/95(1) 3/28/95(1) ended through through 12/31/96 2.44% 3.75% 12/31/96 3.56% 5.85% 12/31/96 6.10% 6.10% Period 9/1/93(1) through 12/31/96 2.82% 4.01%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s). The following replaces cumulative total return figures in the section of the Statement of Additional Information entitled Cumulative Total Return under Calculation of Performance Data:
Cumulative Total Return Tax-Free Arizona Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.21%) 12/31/96 (1.65%) 2.35% 12/31/96 1.44% 2.44% 6 months 6 months 6 months ended ended ended 12/31/96 1.56% 12/31/96 1.20% 5.20% 12/31/96 4.27% 5.27% 9 months 9 months 9 months ended ended ended 12/31/96 3.24% 12/31/96 2.80% 6.80% 12/31/96 5.72% 6.72% 1 year 1 year 1 year ended ended ended 12/31/96 1.50% 12/31/96 0.85% 4.83% 12/31/96 3.69% 4.68% Period Period Period 3/2/95(1) 6/29/95(1) 5/13/95(1) through through through 12/31/96 14.99% 12/31/96 8.96% 12.96% 12/31/96 14.56% 14.56%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Arizona Insured Fund Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.41%)(3) 12/31/96 (1.70%)(3) 2.30%(3) 12/31/96 1.30% 2.30% 6 months 6 months 6 months ended ended ended 12/31/96 1.05%(3) 12/31/96 0.61%(3) 4.61%(3) 12/31/96 3.58% 4.58% 9 months 9 months 9 months ended ended ended 12/31/96 1.63%(3) 12/31/96 0.89%(3) 4.89%(3) 12/31/96 3.92% 4.92% 1 year 1 year 1 year ended ended ended 12/31/96 0.21%(3) 12/31/96 (0.66%)(3) (3.31%)(3) 12/31/96 2.17% 3.16% Period Period 3 years 3/10/95(1) 5/26/94(1) ended through through 12/31/96 10.48%(3) 12/31/96 10.03%(3) 14.03%(3) 12/31/96 18.39%(3) 18.39%(3) 5 years ended 12/31/96 36.76%(3) Period 4/1/91(1) through 12/31/96 50.27%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return California Tax-Free Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (0.92%) 12/31/96 (1.30%) 2.70% 12/31/96 1.66% 2.66% 6 months 6 months 6 months ended ended ended 12/31/96 1.89% 12/31/96 1.64% 5.64% 12/31/96 4.42% 5.42% Period 9 months 9 months 4/9/96(3) ended ended through 12/31/96 2.49% 12/31/96 2.13% 6.13% 12/31/96 6.58% 7.58% 1 year 1 year ended ended 12/31/96 0.33% 12/31/96 (0.16%) 3.76% Period Period 3/3/95(1) 8/23/95(1) through through 12/31/96 12.30% 12/31/96 9.65% 13.65% Tax-Free California Insured Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.16%) 12/31/96 (1.44%) 2.56% 12/31/96 1.01% 2.01% 6 months 6 months 6 months ended ended ended 12/31/96 1.42% 12/31/96 1.18% 5.18% 12/31/96 3.62% 4.62% 9 months 9 months 9 months ended ended ended 12/31/96 1.82% 12/31/96 1.47% 5.47% 12/31/96 3.81% 4.81% 1 year 1 year 1 year ended ended ended 12/31/96 (0.23%) 12/31/96 (0.74%) 3.21% 12/31/96 1.47% 2.45% Period Period 3 years 3/1/94(1) 4/12/95(1) ended through through 12/31/96 8.80% 12/31/96 10.05% 13.00% 12/31/96 10.43% 10.43% Period 10/15/92(1) through 12/31/96 27.52%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Colorado Fund Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.57%)(3) 12/31/96 (1.89%)(3) 2.11%(3) 12/31/96 1.11% 2.11% 6 months 6 months 6 months ended ended ended 12/31/96 1.18%(3) 12/31/96 0.70%(3) 4.70%(3) 12/31/96 3.59% 4.59% 9 months 9 months 9 months ended ended ended 12/31/96 2.00%(3) 12/31/96 1.33%(3) 5.33%(3) 12/31/96 4.29% 5.29% 1 year 1 year 1 year ended ended ended 12/31/96 0.21%(3) 12/31/96 (0.72%)(3) 3.24%(3) 12/31/96 2.17% 3.16% Period Period 3 years 3/22/95(1) 5/6/94(1) ended through through 12/31/96 9.77%(3) 12/31/96 9.46%(3) 13.46%(3) 12/31/96 18.61%(3) 18.61%(3) 5 years ended 12/31/96 37.75%(3) Period 4/23/87(1) through 12/31/96 106.06%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Florida Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.27%) 12/31/96 (1.57%) 2.43% 12/31/96 1.35% 2.35% 6 months 6 months 6 months ended ended ended 12/31/96 1.56% 12/31/96 1.44% 5.44% 12/31/96 4.16% 5.16% 9 months 9 months 9 months ended ended ended 12/31/96 2.24% 12/31/96 2.04% 6.04% 12/31/96 4.77% 5.77% 1 year 1 year 1 year ended ended ended 12/31/96 (0.18%) 12/31/96 (0.43%) 3.50% 12/31/96 1.98% 2.96% Period Period Period 3/2/95(1) 9/15/95(1) 4/22/95(1) through through through 12/31/96 12.32% 12/31/96 4.79% 8.79% 12/31/96 12.12% 12.12%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Florida Insured Fund(3) Class B Class B Class A Shares Shares Shares (including (excluding (at offer) CDSC)(2) CDSC) 3 months 3 months ended ended 12/31/96 (1.46%) 12/31/96 (1.78%) 2.22% 6 months 6 months ended ended 12/31/96 1.27% 12/31/96 1.07% 5.07% 9 months 9 months ended ended 12/31/96 1.59% 12/31/96 1.25% 5.25% 1 year 1 year ended ended 12/31/96 (1.00%) 12/31/96 (1.53%) 2.39% Period 3 years 3/11/94(1) ended through 12/31/96 9.67% 12/31/96 12.30% 15.30% Period 1/1/92(1) through 12/31/96 37.55%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Florida Intermediate Fund(2) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(3) CDSC) CDSC)(4) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (0.97%) 12/31/96 (0.49%) 1.51% 12/31/96 0.49% 1.49% 6 months 6 months 6 months ended ended ended 12/31/96 0.55% 12/31/96 0.88% 2.88% 12/31/96 1.81% 2.81% 9 months 9 months 9 months ended ended ended 12/31/96 1.10% 12/31/96 1.25% 3.25% 12/31/96 2.12% 3.12% 1 year 1 year 1 year ended ended ended 12/31/96 0.47% 12/31/96 0.58% 2.56% 12/31/96 1.37% 2.36% Period Period Period 5/1/94(1) 9/15/95(1) 3/23/95(1) through through through 12/31/96 13.95% 12/31/96 1.76% 3.73% 12/31/96 10.50% 10.50%
(1) Date of initial public offering. (2) Reflects voluntary waivers in effect during the period(s). (3) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 2% if shares are redeemed within two years of purchase; and (ii) 1% if shares are redeemed during the third year following purchase. The above figures have been calculated using this new schedule. (4) Beginning June 9, 1997, the CDSC applicable to Class C Shares will be 1.00% if shares are redeemed within 12 months of purchase. The above figures have been calculated using this new schedule.
Cumulative Total Return Tax-Free Idaho Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.20%) 12/31/96 (1.55%) 2.45% 12/31/96 1.39% 2.39% 6 months 6 months 6 months ended ended ended 12/31/96 1.30% 12/31/96 0.86% 4.86% 12/31/96 3.73% 4.73% 9 months 9 months 9 months ended ended ended 12/31/96 2.17% 12/31/96 1.72% 5.72% 12/31/96 4.53% 5.53% 1 year 1 year 1 year ended ended ended 12/31/96 0.42% 12/31/96 (0.23%) 3.73% 12/31/96 2.48% 3.47% Period Period Period 1/4/95(1) 3/16/95(1) 1/11/95(1) through through through 12/31/96 18.00% 12/31/96 9.97% 13.97% 12/31/96 19.85% 19.85% Tax-Free Iowa Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.31%) 12/31/96 (1.75%) 2.25% 12/31/96 1.23% 2.23% 6 months 6 months 6 months ended ended ended 12/31/96 2.04% 12/31/96 1.52% 5.52% 12/31/96 4.45% 5.45% 9 months 9 months 9 months ended ended ended 12/31/96 2.59% 12/31/96 1.90% 5.90% 12/31/96 4.77% 5.77% 1 year 1 year 1 year ended ended ended 12/31/96 (1.27%) 12/31/96 (2.17%) 1.74% 12/31/96 0.57% 1.54% Period Period 3 years 3/24/95(1) 1/4/95(1) ended through through 12/31/96 6.97% 12/31/96 8.53% 12.53% 12/31/96 21.52% 21.52% Period 9/1/93(1) through 12/31/96 9.25%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Kansas Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.68%) 12/31/96 (2.01%) 1.99% 12/31/96 0.98% 1.98% 6 months 6 months 6 months ended ended ended 12/31/96 0.96% 12/31/96 0.48% 4.48% 12/31/96 3.34% 4.34% 9 months 9 months 9 months ended ended ended 12/31/96 1.83% 12/31/96 1.30% 5.30% 12/31/96 4.10% 5.10% 1 year 1 year 1 year ended ended ended 12/31/96 (0.48%) 12/31/96 (1.26%) 2.67% 12/31/96 1.52% 2.51% Period Period 3 years 4/8/95(1) 4/12/95(1) ended through through 12/31/96 10.08% 12/31/96 7.69% 11.69% 12/31/96 11.02% 11.02% Period 11/30/92(1) through 12/31/96 26.99%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Minnesota Fund Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.54%) 12/31/96 (1.82%)(3) 2.18%(3) 12/31/96 1.15% 2.15% 6 months 6 months 6 months ended ended ended 12/31/96 1.03% 12/31/96 0.66%(3) 4.66%(3) 12/31/96 3.67% 4.67% 9 months 9 months 9 months ended ended ended 12/31/96 1.51% 12/31/96 1.06%(3) 5.06%(3) 12/31/96 3.94% 4.94% 1 year 1 year 1 year ended ended ended 12/31/96 (0.54%) 12/31/96 (1.12%)(3) 2.82%(3) 12/31/96 1.65% 2.63% Period Period 3 years 3/11/95(1) 5/4/94(1) ended through through 12/31/96 8.98% 12/31/96 9.06%(3) 13.06%(3) 12/31/96 16.91% 16.91% 5 years ended 12/31/96 32.60% 10 years ended 12/31/96 91.65%(3) Period 2/27/84(1) through 12/31/96 192.11%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Minnesota Insured Fund Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.40%) 12/31/96 (1.79%)(3) 2.21%(3) 12/31/96 1.30% 2.30% 6 months 6 months 6 months ended ended ended 12/31/96 0.88% 12/31/96 0.33%(3) 4.33%(3) 12/31/96 1.30% 2.30% 9 months 9 months 9 months ended ended ended 12/31/96 1.35% 12/31/96 0.64%(3) 4.64%(3) 12/31/96 3.67% 4.67% 1 year 1 year 1 year ended ended ended 12/31/96 (0.17%) 12/31/96 (0.94%)(3) 3.01%(3) 12/31/96 1.98% 2.96% Period Period 3 years 3/7/95(1) 5/4/94(1) ended through through 12/31/96 8.11%(3) 2/31/96 8.90%(3) 12.90%(3) 12/31/96 16.33%(3) 16.33%(3) 5 years ended 12/31/96 33.60%(3) Period 5/1/87(1) through 12/31/96 94.61%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Minnesota Intermediate Fund Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(3) CDSC) CDSC)(4) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.00%) 12/31/96 (0.36%)(2) 1.64%(2) 12/31/96 0.64% 1.64% 6 months 6 months 6 months ended ended ended 12/31/96 0.47% 12/31/96 0.89%(2) 2.89%(2) 12/31/96 1.97% 2.97% 9 months 9 months 9 months ended ended ended 12/31/96 0.73% 12/31/96 0.99%(2) 2.99%(2) 12/31/96 1.92% 2.92% 1 year 1 year 1 year ended ended ended 12/31/96 0.64% 12/31/96 0.74%(2) 2.72%(2) 12/31/96 1.69% 2.67% Period Period 3 years 8/15/95(1) 5/4/94(1) ended through through 12/31/96 9.51%(2) 12/31/96 4.08%(2) 6.08%(2) 12/31/96 13.11%(2) 13.11%(2) 5 years ended 12/31/96 26.03%(2) 10 years ended 12/31/96 69.87%(2) Period 10/27/85(1) through 12/31/96 90.37%(2)
(1) Date of initial public offering. (2) Reflects voluntary waivers in effect during the period(s). (3) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 2% if shares are redeemed within two years of purchase; and (ii) 1% if shares are redeemed during the third year following purchase. The above figures have been calculated using this new schedule. (4) Beginning June 9, 1997, the CDSC applicable to Class C Shares will be 1.00% if shares are redeemed within 12 months of purchase. The above figures have been calculated using this new schedule.
Cumulative Total Return Tax-Free Missouri Insured Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.37%) 12/31/96 (1.67%) 2.33% 12/31/96 1.28% 2.28% 6 months 6 months 6 months ended ended ended 12/31/96 1.41% 12/31/96 1.01% 5.01% 12/31/96 3.78% 4.78% 9 months 9 months 9 months ended ended ended 12/31/96 1.80% 12/31/96 1.46% 5.46% 12/31/96 4.13% 5.13% 1 year 1 year 1 year ended ended ended 12/31/96 (0.48%) 12/31/96 (1.02%) 2.92% 12/31/96 1.48% 2.46% Period Period 3 years 3/12/94(1) 11/11/95(1) ended through through 12/31/96 8.64% 12/31/96 11.96% 14.96% 12/31/96 4.73% 4.73% Period 11/2/92(1) through 12/31/96 25.55%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free New Mexico Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.62%) 12/31/96 (1.94%) 2.06% 12/31/96 1.04% 2.04% 6 months 6 months 6 months ended ended ended 12/31/96 1.17% 12/31/96 0.63% 4.63% 12/31/96 3.65% 4.65% Period 9 months 9 months 5/7/96(1) ended ended through 12/31/96 2.14% 12/31/96 1.56% 5.56% 12/31/96 5.30% 6.30% 1 year 1 year ended ended 12/31/96 0.25% 12/31/96 (0.59%) 3.37% Period 3 years 3/3/94(1) ended through 12/31/96 11.65% 12/31/96 11.51% 14.51% Period 10/5/92(1) through 12/31/96 29.92%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free New York Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (2.61%) 12/31/96 (3.04%) 0.94% 12/31/96 (0.05%) 0.95% 6 months 6 months 6 months ended ended ended 12/31/96 (0.97%) 12/31/96 (1.59%) 2.41% 12/31/96 1.42% 2.42% 9 months 9 months 9 months ended ended ended 12/31/96 (0.37%) 12/31/96 (1.23%) 2.74% 12/31/96 1.75% 2.75% 1 year 1 year 1 year ended ended ended 12/31/96 (1.40%) 12/31/96 (2.46%) 1.42% 12/31/96 0.46% 1.43% Period Period 3 years 11/14/94(1) 4/26/95(1) ended through through 12/31/96 6.45% 12/31/96 10.93% 13.93% 12/31/96 6.79% 6.79% 5 years ended 12/31/96 29.75% Period 11/6/87(1) through 12/31/96 87.64%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free North Dakota Fund Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.61%)(3) 12/31/96 (1.88%)(3) 2.12%(3) 12/31/96 1.01% 2.01% 6 months 6 months 6 months ended ended ended 12/31/96 0.79%(3) 12/31/96 0.43%(3) 4.43%(3) 12/31/96 3.10% 4.10% 9 months 9 months 9 months ended ended ended 12/31/96 1.46%(3) 12/31/96 1.08%(3) 5.08%(3) 12/31/96 3.74% 4.74% 1 year 1 year 1 year ended ended ended 12/31/96 (0.04%)(3) 12/31/96 (0.58%)(3) 3.38%(3) 12/31/96 1.82% 2.80% Period Period 3 years 5/10/94(1) 7/29/95(1) ended through through 12/31/96 11.37%(3) 12/31/96 18.27%(3) 21.27%(3) 12/31/96 9.46%(3) 9.46%(3) 5 years ended 12/31/96 35.86%(3) Period 4/1/91(1) through 12/31/96 48.30%(3)
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Oregon Insured Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.59%) 12/31/96 (1.90%) 2.10% 12/31/96 1.15% 2.15% 6 months 6 months 6 months ended ended ended 12/31/96 1.45% 12/31/96 1.06% 5.06% 12/31/96 3.94% 4.94% 9 months 9 months 9 months ended ended ended 12/31/96 1.67% 12/31/96 1.24% 5.24% 12/31/96 4.12% 5.12% 1 year 1 year 1 year ended ended ended 12/31/96 (0.72%) 12/31/96 (1.33%) 2.60% 12/31/96 1.38% 2.36% Period Period 3 years 3/12/94(1) 7/7/95(1) ended through through 12/31/96 8.83% 12/31/96 10.94% 13.94% 12/31/96 8.87% 8.87% Period 8/1/93(1) through 12/31/96 13.23%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s). Cumulative Total Return Tax-Free Utah Fund(3) Class B Class B Class A Shares Shares Shares (including (excluding (at offer) CDSC)(2) CDSC) 3 months 3 months ended ended 12/31/96 (1.57%) 12/31/96 (2.01%) 1.99% 6 months 6 months ended ended 12/31/96 0.71% 12/31/96 0.09% 4.09% 9 months 9 months ended ended 12/31/96 1.25% 12/31/96 0.54% 4.54% 1 year 1 year ended ended 12/31/96 (0.54%) 12/31/96 (1.47%) 2.45% Period 3 years 5/27/95(1) ended through 12/31/96 10.88% 12/31/96 5.23% 9.23% Period 10/5/92(1) through 12/31/96 32.39% (1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Washington Insured Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.50%) 12/31/96 (1.83%) 2.18% 12/31/96 1.25% 2.25% 6 months 6 months 6 months ended ended ended 12/31/96 1.34% 12/31/96 0.99% 4.99% 12/31/96 3.92% 4.92% 9 months 9 months 9 months ended ended ended 12/31/96 2.18% 12/31/96 1.55% 5.55% 12/31/96 4.42% 5.42% 1 year 1 year 1 year ended ended ended 12/31/96 0.03% 12/31/96 (0.65%) 3.31% 12/31/96 2.11% 3.10% Period Period 3 years 10/24/95(1) 4/21/95(1) ended through through 12/31/96 10.97% 12/31/96 2.73% 6.73% 12/31/96 11.51% 11.51% Period 8/1/93(1) through 12/31/96 19.99%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s).
Cumulative Total Return Tax-Free Wisconsin Fund(3) Class B Class B Class C Class C Class A Shares Shares Shares Shares Shares (including (excluding (including (excluding (at offer) CDSC)(2) CDSC) CDSC) CDSC) 3 months 3 months 3 months ended ended ended 12/31/96 (1.26%) 12/31/96 (1.69%) 2.31% 12/31/96 1.28% 2.28% 6 months 6 months 6 months ended ended ended 12/31/96 0.88% 12/31/96 0.41% 4.41% 12/31/96 3.43% 4.43% 9 months 9 months 9 months ended ended ended 12/31/96 1.37% 12/31/96 0.74% 4.74% 12/31/96 3.70% 4.70% 1 year 1 year 1 year ended ended ended 12/31/96 (0.40%) 12/31/96 (1.11%) 2.83% 12/31/96 1.74% 2.72% Period Period 3 years 4/22/95(1) 3/28/95(1) ended through through 12/31/96 7.50% 12/31/96 6.12% 10.12% 12/31/96 11.02% 11.02% Period 9/1/93(1) through 12/31/96 9.72%
(1) Date of initial public offering. (2) Beginning June 9, 1997, the CDSC schedule for Class B Shares changed as follows: (i) 4% if shares are redeemed within two years of purchase; (ii) 3% if shares are redeemed during the third or fourth year following purchase; (iii) 2% if shares are redeemed during the fifth year following purchase; and (iv) 1% if shares are redeemed during the sixth year following purchase. The above figures have been calculated using this new schedule. (3) Reflects voluntary waivers in effect during the period(s). -----END PRIVACY-ENHANCED MESSAGE-----