-----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, JV+XNNJcXNsH7Q1aeBCGPpk6tjlOQOkqxiBbCMcIAwFj+/scM/vu5x7qP2H1902o Qoa9gqourGtnucQWJVzqng== /in/edgar/work/0000950146-00-000953/0000950146-00-000953.txt : 20001025 0000950146-00-000953.hdr.sgml : 20001025 ACCESSION NUMBER: 0000950146-00-000953 CONFORMED SUBMISSION TYPE: N-30D PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000831 FILED AS OF DATE: 20001024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUTUAL FUND TRUST CENTRAL INDEX KEY: 0000919034 STANDARD INDUSTRIAL CLASSIFICATION: [ ] STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-30D SEC ACT: SEC FILE NUMBER: 811-08358 FILM NUMBER: 744763 BUSINESS ADDRESS: STREET 1: 1 CHASE MANHATTAN PLAZA STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10081 MAIL ADDRESS: STREET 1: ONE CHASE SQUARE 7TH FLOOR CITY: ROCHESTER STATE: NY ZIP: 14643 N-30D 1 0001.txt ANNUAL REPORT - ----------------------------------------------------------------------------- AUGUST 31, 2000 - ----------------------------------------------------------------------------- Chase Vista Money Market Funds ANNUAL REPORT 100% U.S. TREASURY SECURITIES MONEY MARKET FUND U.S. GOVERNMENT MONEY MARKET FUND TREASURY PLUS MONEY MARKET FUND FEDERAL MONEY MARKET FUND CASH MANAGEMENT FUND PRIME MONEY MARKET FUND TAX FREE MONEY MARKET FUND NEW YORK TAX FREE MONEY MARKET FUND CALIFORNIA TAX FREE MONEY MARKET FUND [Chase Logo] THE RIGHT RELATIONSHIP IS EVERYTHING.[RegTM] ANMM-2-1000 - ---------------------------------------------------------------------------- Contents - ----------------------------------------------------------------------------
Chairman's Letter 1 Chase Vista 100% U.S. Treasury Securities Money Market Fund 2 Fund Facts Chase Vista U.S. Government Money Market Fund 3 Fund Facts Chase Vista Treasury Plus Money Market Fund 4 Fund Facts Chase Vista Federal Money Market Fund 5 Fund Facts Chase Vista Cash Management Fund 6 Fund Facts Chase Vista Prime Money Market Fund 7 Fund Facts Chase Vista Tax Free Money Market Fund 8 Fund Facts Chase Vista New York Tax Free Money Market Fund 9 Fund Facts Chase Vista California Tax Free Money Market Fund 10 Fund Facts Portfolios of Investments 11 Financial Statements 60 Notes to Financial Statements 71
Highlights o In light of very strong economic growth in the U.S., the Federal Reserve Board continued its policy of raising short-term interest rates. At the end of the reporting period, the Federal Funds rate stood at 6.5%. o By June 2000, the first signs of moderation began to appear in the economy, and subsequent data seemed to confirm the slowdown. o Along with official Fed moves, yields on money market securities moved higher for most of the reporting year before stabilizing. --------------------------------------------------------- NOT FDIC INSURED | May lose value / No bank guarantee --------------------------------------------------------- Chase Vista Funds are distributed by Vista Fund Distributors, Inc. - -------------------------------------------------------------------------------- CHASE VISTA MONEY MARKET FUNDS - -------------------------------------------------------------------------------- Chairman's Letter October 2, 2000 Dear Shareholder: We are pleased to present this annual report on each of the Chase Vista Money Market Funds. Inside, you will find current seven-day yields and a current list of holdings for each fund as of August 31, 2000, the final day of the reporting year. After Extended Burst of Growth, U.S. Economy Appears to Slow For the great majority of the reporting year, the United States economy continued to expand at a rapid pace, with GDP growth soaring well in excess of the 3.5% that many analysts consider to be the Federal Reserve Board's maximum non-inflationary trend rate. In response, the Fed continued its policy of short-term interest rate increases, creating a generally negative backdrop for the fixed-income markets. The exception was the long-term U.S. Treasury market, which benefited from the February announcement and subsequent implementation of a plan by the United States Treasury department to use proceeds of the budget surplus to "buy back" longer-term Treasuries. This had the effect of creating an inverted Treasury yield curve, where investors were paid more for holding shorter-term Treasury securities than longer-term issues. In June, with shifting economic data showing a slowing economy, investors decided that the six Fed rate increases over the previous year had begun to take effect. As evidence of a slowdown continued to mount, the bullish view was that the Fed would achieve another "soft landing" in which growth will moderate but not disappear. As of this writing, the Fed has kept the short-term rate unchanged for four months. However, with several potentially troubling issues on the horizon--including the price of crude oil rising to all-time highs--investors are eagerly awaiting the upcoming third quarter GDP figures to understand the full extent of the economy's slowdown. In this environment, your portfolio managers did an excellent job, maintaining competitive yields while maintaining the $1 net asset value per share. All of us at Chase thank you for your continued investment and look forward to helping you reach your financial goals for many years to come. Sincerely yours, /s/ Fergus Reid Fergus Reid Chairman 1 - -------------------------------------------------------------------------------- CHASE VISTA 100% U.S. TREASURY SECURITIES MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------- Objective | High current income consistent with | capital preservation - -------------------------------------------------------------------------------- Primary investments | Direct obligations of the U.S. Treasury | including Treasury bills, bonds and notes - -------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------- Share classes offered | Vista, Premier and Institutional Shares - -------------------------------------------------------------------------------- Net assets | $4.5 Billion - -------------------------------------------------------------------------------- Average maturity | 73 days - -------------------------------------------------------------------------------- S&P Rating | Not Rated - -------------------------------------------------------------------------------- Moody's Rating | Not Rated - -------------------------------------------------------------------------------- NAIC Rating | Not Rated - --------------------------------------------------------------------------------
Maturity Schedule - ------------------------------ 1-14 days | 0.00% - ------------------------------ 15-30 days | 35.47% - ------------------------------ 31-60 days | 0.00% - ------------------------------ 61-90 days | 29.41% - ------------------------------ 91-180 days | 29.06% - ------------------------------ 181-270 days | 3.09% - ------------------------------ 271+ days | 2.97% - ------------------------------
7-Day SEC Yield(1) - ------------------------------ Vista Shares | 5.62% - ------------------------------ Premier Shares | 5.73% - ------------------------------ Institutional Shares | 5.96% - ------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares, Premier Shares and Institutional Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 5.50%, 5.69% and 5.86% for Vista Shares, Premier Shares and Institutional Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce the fund's performance. 2 - -------------------------------------------------------------------------------- CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------- Objective | High current income consistent with | capital preservation - -------------------------------------------------------------------------------- Primary investments | Direct obligations of the U.S. Treasury and its | Agencies including Treasury bills, bonds, notes | and repurchase agreements - -------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------- Share classes offered | Vista, Premier and Institutional Shares - -------------------------------------------------------------------------------- Net assets | $7.2 Billion - -------------------------------------------------------------------------------- Average maturity | 50 days - -------------------------------------------------------------------------------- S&P Rating* | AAA - -------------------------------------------------------------------------------- Moody's Rating* | Aaa - -------------------------------------------------------------------------------- NAIC Rating* | Class 1 - --------------------------------------------------------------------------------
* This rating is historical and is based upon the Fund's credit quality, market price exposure and management. It signifies that the Fund's safety is excellent and that it has superior capacity to maintain a $1 Net Asset Value per share. The National Association of Insurance Commissioners' (NAIC's) Class 1 status indicates that the Fund meets certain pricing and quality guidelines. Maturity Schedule - ----------------------------- 1-14 days | 64.32% - ----------------------------- 15-30 days | 2.75% - ----------------------------- 31-60 days | 7.06% - ----------------------------- 61-90 days | 5.11% - ----------------------------- 91-180 days | 10.95% - ----------------------------- 181-270 days | 5.66% - ----------------------------- 271+ days | 4.15% - -----------------------------
7-Day SEC Yield(1) - ------------------------------- Vista Shares | 6.06% - ------------------------------- Premier Shares | 6.20% - ------------------------------- Institutional Shares | 6.39% - -------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares, Premier Shares and Institutional Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 5.97%, 6.07% and 6.33% for Vista Shares, Premier Shares and Institutional Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce the fund's performance. 3 - -------------------------------------------------------------------------------- CHASE VISTA TREASURY PLUS MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------- Objective | High current income consistent with | capital preservation - -------------------------------------------------------------------------------- Primary investments | Direct obligations of the U.S. Treasury | including Treasury bills, bonds and notes | as well as repurchase agreements which | are fully collateralized by obligations | issued or guaranteed by the U.S. Treasury - -------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------- Share classes offered | Vista, Premier and Institutional Shares - -------------------------------------------------------------------------------- Net assets | $2.5 Billion - -------------------------------------------------------------------------------- Average maturity | 4 days - -------------------------------------------------------------------------------- S&P Rating* | AAA - -------------------------------------------------------------------------------- Moody's Rating* | Aaa - -------------------------------------------------------------------------------- NAIC Rating* | Exempt - --------------------------------------------------------------------------------
* This rating is historical and is based upon the Fund's credit quality, market price exposure and management. It signifies that the Fund's safety is excellent and that it has superior capacity to maintain a $1 Net Asset Value per share. The National Association of Insurance Commissioners' (NAIC's) "exempt" status indicates that the Fund meets certain pricing and quality guidelines. Maturity Schedule - ----------------------------- 1-14 days | 77.10% - ----------------------------- 15-30 days | 22.90% - ----------------------------- 31-60 days | 0.00% - ----------------------------- 61-90 days | 0.00% - ----------------------------- 91-180 days | 0.00% - ----------------------------- 181-270 days | 0.00% - ----------------------------- 271+ days | 0.00% - -----------------------------
7-Day SEC Yield(1) - ------------------------------------ Vista Shares | 5.97% - ------------------------------------ Premier Shares | 6.11% - ------------------------------------ Institutional Shares | 6.31% - ------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares, Premier Shares and Institutional Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 5.85%, 6.05% and 6.20% for Vista Shares, Premier Shares and Institutional Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce the fund's performance. 4 - -------------------------------------------------------------------------------- CHASE VISTA FEDERAL MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------------- Objective | High current income consistent with | capital preservation - -------------------------------------------------------------------------------------- Primary investments | Direct obligations of the U.S. Treasury including | Treasury bills, bonds and notes as well as | obligations issued or guaranteed by the U.S. | Treasury and its Agencies - -------------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------------- Share classes offered | Vista, Premier, Institutional and Reserve Shares - -------------------------------------------------------------------------------------- Net assets | $1.1 Billion - -------------------------------------------------------------------------------------- Average maturity | 59 days - -------------------------------------------------------------------------------------- S&P Rating | Not Rated - -------------------------------------------------------------------------------------- Moody's Rating | Not Rated - -------------------------------------------------------------------------------------- NAIC Rating | Not Rated - --------------------------------------------------------------------------------------
Maturity Schedule - ----------------------------- 1-14 days | 35.45% - ----------------------------- 15-30 days | 26.66% - ----------------------------- 31-60 days | 7.70% - ----------------------------- 61-90 days | 1.30% - ----------------------------- 91-180 days | 12.61% - ----------------------------- 181-270 days | 16.28% - ----------------------------- 271+ days | 0.00% - -----------------------------
7-Day SEC Yield(1) - ------------------------------------ Vista Shares | 5.80% - ------------------------------------ Premier Shares | 6.02% - ------------------------------------ Institutional Shares | 6.24% - ------------------------------------ Reserve Shares | 5.71% - ------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares, Institutional Shares and Reserve Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 5.78%, 6.17% and 5.06% for Vista Shares, Institutional Shares and Reserve Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce the fund's performance. 5 - -------------------------------------------------------------------------------- CHASE VISTA CASH MANAGEMENT FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------- Objective | High current income consistent with | capital preservation - -------------------------------------------------------------------------------- Primary investments | High quality, short-term, U.S. dollar- | denominated money market instruments - -------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------- Share classes offered | Vista, Premier and Institutional Shares - -------------------------------------------------------------------------------- Net assets | $11.1 Billion - -------------------------------------------------------------------------------- Average maturity | 49 days - -------------------------------------------------------------------------------- S&P Rating | Not Rated - -------------------------------------------------------------------------------- Moody's Rating | Not Rated - -------------------------------------------------------------------------------- NAIC Rating | Not Rated - --------------------------------------------------------------------------------
Maturity Schedule - ----------------------------- 1-14 days | 30.52% - ----------------------------- 15-30 days | 31.88% - ----------------------------- 31-60 days | 11.03% - ----------------------------- 61-90 days | 11.23% - ----------------------------- 91-180 days | 9.41% - ----------------------------- 181-270 days | 4.80% - ----------------------------- 271+ days | 1.13% - -----------------------------
7-Day SEC Yield(1) - ------------------------------------ Vista Shares | 6.14% - ------------------------------------ Premier Shares | 6.28% - ------------------------------------ Institutional Shares | 6.47% - ------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares, Premier Shares and Institutional Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 6.12%, 6.22% and 6.39% for Vista Shares, Premier Shares and Institutional Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce the fund's performance. 6 - -------------------------------------------------------------------------------- CHASE VISTA PRIME MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------------------- Objective | High current income consistent with | capital preservation - -------------------------------------------------------------------------------------------- Primary investments | High quality, short-term, U.S. dollar- | denominated money market instruments - -------------------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------------------- Share classes offered | Vista, Premier, Institutional, Reserve, B and C Shares - -------------------------------------------------------------------------------------------- Net assets | $12.8 Billion - -------------------------------------------------------------------------------------------- Average maturity | 50 days - -------------------------------------------------------------------------------------------- S&P Rating* | AAA - -------------------------------------------------------------------------------------------- Moody's Rating* | Aaa - -------------------------------------------------------------------------------------------- NAIC Rating* | Class 1 - --------------------------------------------------------------------------------------------
* This rating is historical and is based upon the Fund's credit quality, market price exposure and management. It signifies that the Fund's safety is excellent and that it has superior capacity to maintain a $1 Net Asset Value per share. The National Association of Insurance Commissioners' (NAIC's) Class 1 status indicates that the Fund meets certain pricing and quality guidelines. Maturity Schedule - ----------------------------- 1-14 days | 34.98% - ----------------------------- 15-30 days | 37.76% - ----------------------------- 31-60 days | 4.94% - ----------------------------- 61-90 days | 4.34% - ----------------------------- 91-180 days | 11.42% - ----------------------------- 181-270 days | 4.86% - ----------------------------- 271+ days | 1.70% - -----------------------------
7-Day SEC Yield(1) - ------------------------------------ B Shares | 5.46% - ------------------------------------ C Shares | 5.46% - ------------------------------------ Vista Shares | 6.11% - ------------------------------------ Premier Shares | 6.24% - ------------------------------------ Institutional Shares | 6.43% - ------------------------------------ Reserve Shares | 5.90% - ------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for B Shares, C Shares, Vista Shares, Premier Shares, Institutional Shares and Reserve Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 5.45%, 5.45%, 6.10%, 6.21%, 6.36% and 5.24% for B Shares, C Shares, Vista Shares, Premier Shares, Institutional Shares and Reserve Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce the fund's performance. 7 - -------------------------------------------------------------------------------- CHASE VISTA TAX FREE MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - ------------------------------------------------------------------------------------- Objective | High current tax free income consistent | with capital preservation* - ------------------------------------------------------------------------------------- Primary investments | Short-term municipal obligations - ------------------------------------------------------------------------------------- Suggested investment time frame | Short-term - ------------------------------------------------------------------------------------- Share classes offered | Vista, Premier, Institutional and Reserve Shares - ------------------------------------------------------------------------------------- Net assets | $1.7 Billion - ------------------------------------------------------------------------------------- Average maturity | 55 days - ------------------------------------------------------------------------------------- S&P Rating** | AAA - ------------------------------------------------------------------------------------- Moody's Rating | Not rated - ------------------------------------------------------------------------------------- NAIC Rating | Not rated - -------------------------------------------------------------------------------------
** This rating is historical and is based upon the Fund's credit quality, market price exposure and management. It signifies that the Fund's safety is excellent and that it has superior capacity to maintain a $1 Net Asset Value per share. Maturity Schedule - ----------------------------- 1-7 days | 67.63% - ----------------------------- 8-30 days | 4.37% - ----------------------------- 31-90 days | 8.18% - ----------------------------- 91-180 days | 8.76% - ----------------------------- 181-270 days | 4.23% - ----------------------------- 271+ days | 6.83% - -----------------------------
Yields
Taxable 7-Day Equivalent SEC Yield(1) Yield(2) - ----------------------------------------------------- Vista Shares | 3.73% | 6.18% - ----------------------------------------------------- Premier Shares | 3.80% | 6.29% - ----------------------------------------------------- Institutional Shares | 4.06% | 6.72% - ----------------------------------------------------- Reserve Shares | 3.52% | 5.83% - -----------------------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares, Premier Shares, Institutional Shares and Reserve Shares reflect the voluntary waiver of certain expenses. Without waivers, the yields would have been 3.61%, 3.80%, 3.96% and 2.87% for Vista Shares, Premier Shares, Institutional Shares and Reserve Shares, respectively. This voluntary waiver may be modified or terminated at any time, which would reduce performance. (2) Taxable equivalent yields are calculated based on the SEC yield divided by 1 minus the effective tax rate. The effective federal tax rate used for this illustration is 39.6%. * A portion of the Fund's income may be subject to the Alternative Minimum Tax (AMT), and some investors may be subject to certain state and local taxes. 8 - -------------------------------------------------------------------------------- CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------- Objective | High current tax free income consistent | with capital preservation* - -------------------------------------------------------------------------------- Primary investments | New York short-term municipal obligations - -------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------- Share classes offered | Vista and Reserve Shares - -------------------------------------------------------------------------------- Net assets | $1.8 Billion - -------------------------------------------------------------------------------- Average maturity | 54 days - -------------------------------------------------------------------------------- S&P Rating | Not rated - -------------------------------------------------------------------------------- Moody's Rating | Not rated - -------------------------------------------------------------------------------- NAIC Rating | Not rated - --------------------------------------------------------------------------------
Maturity Schedule - ----------------------------- 1-7 days | 72.53% - ----------------------------- 8-30 days | 0.23% - ----------------------------- 31-90 days | 8.78% - ----------------------------- 91-180 days | 3.93% - ----------------------------- 181-270 days | 4.33% - ----------------------------- 271+ days | 10.20% - -----------------------------
Yields
Taxable 7-Day Equivalent SEC Yield(1) Yield(2) - ------------------------------------------------- Vista Shares | 3.59% | 6.65% - ------------------------------------------------- Reserve Shares | 3.39% | 6.28% - -------------------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yields for Vista Shares and Reserve Shares reflect the voluntary waiver of certain expenses. Without waivers, the yield would have been 3.48% for Vista Shares and 2.69% for Reserve Shares. This voluntary waiver may be modified or terminated at any time, which would reduce performance. (2) Taxable Equivalent Yields are calculated based on the SEC yield divided by 1 minus the effective tax rate. The effective combined federal, state and local tax rate used for this illustration is 46.05%. * A portion of the Fund's income may be subject to the Alternative Minimum Tax (AMT), and some investors may be subject to certain state and local taxes. 9 - -------------------------------------------------------------------------------- CHASE VISTA CALIFORNIA TAX FREE MONEY MARKET FUND As of August 31, 2000 (Unaudited) - -------------------------------------------------------------------------------- Fund Facts - -------------------------------------------------------------------------------- Objective | High current tax free income consistent with capital preservation* - -------------------------------------------------------------------------------- Primary investments | California short-term municipal obligations - -------------------------------------------------------------------------------- Suggested investment time frame | Short-term - -------------------------------------------------------------------------------- Share Classes Offered | Vista Shares - -------------------------------------------------------------------------------- Net assets | $77.5 Million - -------------------------------------------------------------------------------- Average maturity | 46 days - -------------------------------------------------------------------------------- S&P Rating | Not rated - -------------------------------------------------------------------------------- Moody's Rating | Not rated - -------------------------------------------------------------------------------- NAIC Rating | Not rated - --------------------------------------------------------------------------------
Maturity Schedule - ----------------------------- 1-7 days | 73.85% - ----------------------------- 8-30 days | 7.67% - ----------------------------- 31-90 days | 1.80% - ----------------------------- 91-180 days | 8.64% - ----------------------------- 181-270 days | 0.00% - ----------------------------- 271+ days | 8.04% - -----------------------------
Yields
Taxable 7-Day Equivalent SEC Yield(1) Yield(2) - ------------------------------------------------ Vista Shares 3.25% 5.93% - ------------------------------------------------
Past performance is not a guarantee of future results. Yields will fluctuate. An investment in a money market fund is not insured by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund. (1) The yield for Vista Shares reflects the voluntary waiver of certain expenses. Without waivers, the yield would have been 3.00%. This voluntary waiver may be modified or terminated at any time, which would reduce performance. (2) Taxable Equivalent Yields are calculated based on the SEC yield divided by 1 minus the effective tax rate. The effective combined federal, state and local tax rate used for this illustration is 45.22%. * A portion of the Fund's income may be subject to the Alternative Minimum Tax (AMT), and some investors may be subject to certain state and local taxes. 10 - -------------------------------------------------------------------------------- CHASE VISTA 100% U.S. TREASURY SECURITIES MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------- Money Market Instruments -- 99.5% - -------------------------------------------------------------------------------- U.S. Treasury Securities -- 99.5% ------------------------------------ U.S. Treasury Bills, $ 82,730 6.19%, 11/16/00 $ 81,666 75,000 6.21%, 11/24/00 73,931 33,511 6.32%, 09/21/00 33,393 6,374 6.38%, 09/21/00 6,352 1,500,000 6.44%, 09/15/00 1,496,252 U.S. Treasury Notes, 745,000 4.00%, 10/31/00 742,336 230,000 4.50%, 01/31/01 228,264 627,000 4.63%, 11/30/00 624,528 100,000 5.00%, 02/28/01 99,336 135,000 5.25%, 05/31/01 133,855 225,000 5.38%, 02/15/01 223,979 231,500 5.63%, 11/30/00 231,099 40,000 5.63%, 05/15/01 39,786 426,000 5.75%, 11/15/00 425,599 60,502 6.13%, 09/30/00 60,500 - -------------------------------------------------------------------------------- Total Investments -- 99.5% $4,500,876 (Cost $4,500,876)* - --------------------------------------------------------------------------------
See notes to financial statements. 11 - -------------------------------------------------------------------------------- CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------- Money Market Instruments -- 100.9% - -------------------------------------------------------------------------------- U.S. Government Agency Securities -- 100.2% -------------------------------------------- Federal Farm Credit Bank -- 1.3% $ 90,000 Federal Farm Credit Bank, FRN, 6.54%, 03/01/01 $ 90,000 Federal Home Loan Bank -- 25.6% Federal Home Loan Bank, 111,600 6.04%, 10/25/00 111,600 100,000 6.55%, 02/15/01 100,000 100,000 6.70%, 03/01/01 100,000 75,000 6.75%, 03/01/01 75,000 38,000 7.00%, 05/18/01 38,000 50,000 7.16%, 07/17/01 49,992 50,000 7.17%, 07/13/01 50,000 100,000 DN, 6.44%, 03/09/01 96,824 450,000 DN, 6.51%, 09/01/00 450,000 200,000 FRN, 6.48%, 07/18/01 199,877 250,000 FRN, 6.55%, 10/10/00 249,977 100,000 FRN, 6.67%, 04/12/01 100,000 65,000 FRN, 6.70%, 03/06/01 64,983 150,000 FRN, 6.72%, 05/10/01 149,948 ---------- 1,836,201 Federal Home Loan Mortgage Corp. -- 13.8% Federal Home Loan Mortgage Corp., 175,000 DN, 6.50%, 11/16/00 172,636 90,900 DN, 6.60%, 01/04/01 88,874 200,000 DN, 6.62%, 02/14/01 194,102 135,189 DN, 6.70%, 12/07/00 132,825 100,000 MTN, 6.75%, 04/27/01 100,000 100,000 MTN, 6.90%, 08/24/01 100,000 100,000 MTN, +, 6.90%, 09/11/01 100,000 100,000 MTN, 7.10%, 07/17/01 100,000 ---------- 988,437 Federal National Mortgage Association -- 42.4% Federal National Mortgage Association, 150,000 DN, 6.34%, 10/12/00 148,949 200,000 DN, 6.50%, 11/16/00 197,298 170,096 DN, 6.60%, 01/04/01 166,304 200,000 DN, @, 6.63%, 09/28/00 199,022 111,922 DN, 6.70%, 12/07/00 109,965 250,000 FRN, 6.49%, 06/07/01 249,842 315,000 FRN, 6.53%, 05/24/01 315,000 250,000 FRN, 6.59%, 03/01/01 249,901 310,000 FRN, 6.72%, 05/10/01 309,974 250,000 MTN, FRN, 6.42%, 12/08/00 249,934 150,000 MTN, FRN, 6.59%, 11/06/00 149,976 200,000 MTN, FRN, 6.63%, 09/05/00 199,999 500,000 MTN, FRN, 6.64%, 09/18/00 499,996 ---------- 3,046,160 Student Loan Marketing Association -- 17.1% Student Loan Marketing Association, 150,000 FRN, 6.47%, 09/21/00 150,000 135,000 FRN, 6.57%, 10/19/00 135,000 100,000 FRN, 6.67%, 02/15/01 100,000
See notes to financial statements. 12 CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ---------------------------------------------------------------------------------- Money Market Instruments -- Continued - ---------------------------------------------------------------------------------- Student Loan Marketing Association -- Continued $ 200,000 FRN, 6.84%, 07/24/01 $ 199,911 200,000 MTN, FRN, 6.76%, 03/05/01 199,950 175,000 MTN, FRN, 6.77%, 08/09/01 174,921 100,000 MTN, FRN, 6.79%, 08/09/01 99,955 165,000 MTN, FRN, 6.84%, 08/23/01 165,030 ---------- 1,224,767 ------------------------------------------------------------------ Total U.S. Government Agency Securities 7,185,565 (Cost $7,185,565) ------------------------------------------------------------------ Repurchase Agreement -- 0.7% ---------------------------- 49,454 Salomon Smith Barney, Tri Party, 6.66%, due 09/01/00 (Dated 08/31/00, Proceeds $49,463, Secured by FHLMC, $52,107, DN, due 03/01/01; Market Value $50,444) 49,454 (Cost $49,454) - ---------------------------------------------------------------------------------- Total Investments -- 100.9% $7,235,019 (Cost $7,235,019)* - ----------------------------------------------------------------------------------
See notes to financial statements. 13 - -------------------------------------------------------------------------------- CHASE VISTA TREASURY PLUS MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------------ Money Market Instruments -- 100.2% - ------------------------------------------------------------------------------------------ U.S. Treasury Securities -- 22.9% --------------------------------- U.S. Treasury Bills, $ 75,000 6.36%, 09/21/00 $ 74,736 500,000 6.44%, 09/15/00 498,751 -------------------------------------------------------------------------- Total U.S. Treasury Securities 573,487 (Cost $573,487) -------------------------------------------------------------------------- Repurchase Agreements -- 77.3% ------------------------------ 120,000 Bear Stearns, Tri Party, 6.60%, due 09/01/00 (Dated 08/31/00, Proceeds $120,022, Secured by USTR, $127,707, 5.00% through 7.25%, due 11/15/00 through 10/15/06; Market Value $128,475) 120,000 620,000 Deutsche Bank, Tri Party, 6.61%, due 09/01/00 (Dated 08/31/00, Proceeds $620,114, Secured by USTR, $593,827, 4.88% through 8.75%, due 02/15/01 through 11/15/26; Market Value $632,400) 620,000 111,548 Goldman Sachs & Co., Tri Party, 6.58%, due 09/01/00 (Dated 08/31/00, Proceeds $111,568, Secured by USTR, $93,269, 7.88%, due 02/15/21; Market Value $113,780) 111,548 620,000 Greenwich Capital Markets, Inc., Tri Party, 6.60%, due 09/01/00 (Dated 08/31/00, Proceeds $620,114, Secured by USTR, $578,264, 3.63% through 13.25%, due 09/30/00 through 02/15/29; Market Value $631,308) 620,000 100,000 Lehman Brothers, Inc., Tri Party, 6.58%, due 09/01/00 (Dated 08/31/00, Proceeds $100,018, Secured by USTR, $102,149, 5.50% through 6.38%, due 08/31/01 through 08/15/10; Market Value $102,005) 100,000 120,000 Merrill Lynch & Co., Inc., Tri Party, 6.62%, due 09/01/00 (Dated 08/31/00 Proceeds $120,022, Secured by USTR, $98,960, 3.63% through 14.00%, due 11/15/10 through 11/15/28; Market Value $122,404) 120,000 120,000 Morgan Stanley Dean Witter & Co., Tri Party, 6.50%, due 09/01/00 (Dated 08/31/00, Proceeds $120,022, Secured by USTR, $120,312, 6.13% through 7.88%, due 08/15/01 through 08/15/07; Market Value $123,630) 120,000 120,000 Salomon Smith Barney, Tri Party, 6.62%, due 09/01/00 (Dated 08/31/00, Proceeds $120,022, Secured by USTR, $107,055, 5.50% through 12.50%, due 10/05/00 through 08/15/28; Market Value $123,727) 120,000 -------------------------------------------------------------------------- Total Repurchase Agreements 1,931,548 (Cost $1,931,548) - ------------------------------------------------------------------------------------------ Total Investments -- 100.2% $2,505,035 (Cost $2,505,035)* - ------------------------------------------------------------------------------------------
See notes to financial statements. 14 - -------------------------------------------------------------------------------- CHASE VISTA FEDERAL MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------- Money Market Instruments -- 99.7% - -------------------------------------------------------------------------------- U.S. Government Agency Securities -- 99.7% ------------------------------------------ Federal Farm Credit Bank -- 9.6% Federal Farm Credit Bank, $ 8,439 DN, 5.89%, 10/26/00 $ 8,367 1,561 DN, 5.91%, 10/26/00 1,548 100,000 FRN, 6.44%, 05/01/01 99,967 ---------- 109,882 Federal Home Loan Bank -- 85.7% Federal Home Loan Bank, 25,000 6.75%, 03/01/01 25,000 15,500 6.76%, 03/13/01 15,500 20,000 DN, 5.89%, 10/27/00 19,827 8,000 DN, 5.91%, 10/06/00 7,957 15,000 DN, 5.93%, 11/24/00 14,804 20,000 DN, 6.03%, 12/08/00 19,690 25,000 DN, 6.13%, 12/22/00 24,550 15,000 DN, 6.32%, 01/08/01 14,680 37,319 DN, 6.44%, 09/15/00 37,225 100,000 DN, 6.50%, 09/27/00 99,533 25,000 DN, 6.50%, 02/01/01 24,352 3,821 DN, 6.51%, 09/01/00 3,821 75,000 DN, 6.51%, 09/27/00 74,649 25,000 DN, 6.51%, 03/15/01 24,172 16,844 DN, 6.54%, 01/16/01 16,436 45,000 DN, 6.55%, 01/16/01 43,911 25,000 DN, 6.55%, 04/09/01 24,060 92,429 DN, 6.56%, 09/15/00 92,198 25,000 DN, 6.57%, 04/20/01 24,010 75,000 DN, 6.61%, 02/28/01 72,600 75,000 FRN, MTN, 6.46%, 03/20/01 74,976 50,000 FRN, 6.48%, 07/18/01 49,969 50,000 FRN, 6.55%, 10/10/00 49,995 75,000 FRN, 6.61%, 09/22/00 74,999 50,000 FRN, 6.72%, 05/10/01 49,983 ---------- 978,897 Student Loan Marketing Association -- 4.4% 50,000 Student Loan Marketing Association, FRN, 6.57%, 10/19/00 50,000 - -------------------------------------------------------------------------------- Total Investments -- 99.7% $1,138,779 (Cost $1,138,779)* - --------------------------------------------------------------------------------
See notes to financial statements. 15 - -------------------------------------------------------------------------------- CHASE VISTA CASH MANAGEMENT FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - --------------------------------------------------------------------------------------- Money Market Instruments -- 99.5% - --------------------------------------------------------------------------------------- U.S. Government Agency Securities -- 2.3% ----------------------------------------- Federal Home Loan Bank, $ 35,000 DN, 5.93%, 11/24/00 $ 34,543 93,900 DN, 5.93%, 12/01/00 92,571 25,000 DN, 6.50%, 02/01/01 24,352 50,000 DN, 6.51%, 03/15/01 48,344 17,798 DN, 6.55%, 04/09/01 17,129 35,000 DN, 6.57%, 04/20/01 33,614 --------------------------------------------------------------------- Total U.S. Government Agency Securities 250,553 (Cost $250,553) --------------------------------------------------------------------- State and Municipal Obligations -- 1.3% --------------------------------------- California -- 1.0% 60,610 California Housing Finance Agency, Home Mortgage, Ser. M, Rev. FRDO, 6.58%, 09/04/00 60,610 20,000 California Pollution Control Financing Authority, Environmental Improvement, Shell Oil Co., Project B, Rev. FRDO, 6.57%, 09/06/00 20,000 22,000 Sacramento County, California, Rev. FRDO, 6.55%, 09/04/00 22,000 ------- 102,610 Missouri -- 0.1% 16,200 SSM Healthcare, Missouri Health Facilities, Ser. E, Rev. FRDO, 6.62%, 09/05/00 16,200 Texas -- 0.2% 27,500 Texas State, Veterans Housing Assistance, Ser. A-2, GO, FRDO, 6.60%, 09/04/00 27,500 --------------------------------------------------------------------- Total State and Municipal Obligations 146,310 (Cost $146,310) --------------------------------------------------------------------- Corporate Notes & Bonds -- 59.8% -------------------------------- Asset Backed Securities -- 13.3% Asset Backed Capital Finance, Inc., 100,000 MTN, FRN, #, 6.63%, 05/25/01 99,993 50,000 MTN, FRN, #, 6.63%, 06/18/01 50,000 70,000 MTN, FRN, #, 6.64%, 06/19/01 70,000 110,000 Asset Securitization Cooperative Corp. (ASCC), FRN, 6.57%, 01/12/01 109,981 134,427 Associates Manufactured Housing Corp., Ser. 1999-1, Class A, Putable, FRN, #, 6.85%, 10/15/00 134,443 125,000 Beta Finance Corp., Inc., (Channel Islands), MTN, FRN, #, 6.60%, 05/08/01 125,000 CC USA, Inc., (Centauri Corp.), 50,000 MTN, #, 7.07%, 07/25/01 50,000 75,000 MTN, #, 7.48%, 06/07/01 75,000 75,000 Compass Securitization LLC, FRN, 6.59%, 10/16/00 74,999 130,000 Lexington Parker Capital, FRN, 6.63%, 01/25/01 129,994 Liberty Lighthouse U.S. Capital Co., 120,000 MTN, FRN, #, 6.68%, 03/05/01 120,000 65,000 MTN, FRN, #, 6.83%, 11/06/00 65,000 100,000 Strategic Money Market (SMM), Trust 2000-B, FRN, #, 6.81%, 12/13/00 100,000
See notes to financial statements. 16 CHASE VISTA CASH MANAGEMENT FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - --------------------------------------------------------------------------------------- Money Market Instruments -- Continued - --------------------------------------------------------------------------------------- Asset Backed Securities -- Continued $ 100,000 Special Purpose Accounts Receivable Cooperative Corp., FRN, 6.62%, 01/05/01 $ 100,000 75,000 Structured Products Asset Return Certificates, Ser. 1998-1, FRN, #, 6.73%, 11/27/00 75,000 100,000 Variable Funding Capital Corp., FRN, 6.60%, 02/05/01 99,992 ---------- 1,479,402 Automotive -- 8.0% American Honda Finance Corp., 100,000 MTN, FRN, #, 6.61%, 02/06/01 99,990 60,000 MTN, FRN, #, 6.77%, 06/19/01 60,000 200,000 Daimler Chrysler North America Holding Corp., MTN, FRN, 6.56%, 02/22/01 199,928 Ford Motor Credit Co., 75,000 MTN, FRN, 6.77%, 10/02/00 74,994 27,000 MTN, FRN, 7.10%, 09/25/00 27,005 General Motors Acceptance Corp., 250,000 MTN, FRN, 6.72%, 12/14/00 249,938 30,000 MTN, FRN, 6.83%, 04/30/01 30,025 140,000 Toyota Motor Credit Corp., MTN, FRN, 6.81%, 10/12/00 140,000 ---------- 881,880 Banking -- 12.8% 100,000 Abbey National Treasury Services PLC, (United Kingdom), (Yankee), MTN, FRN, 6.52%, 06/15/01 99,939 American Express Centurion Bank, 100,000 FRN, 6.58%, 02/28/01 100,000 50,000 MTN, FRN, 6.58%, 04/12/01 49,997 100,000 MTN, FRN, 6.59%, 05/08/01 100,000 55,000 Bank One Corp., FRN, 6.71%, 11/17/00 54,995 Commerzbank AG (Germany), (Yankee), 165,000 FRN, 6.54%, 03/19/01 164,956 200,000 FRN, 6.57%, 04/26/01 199,960 100,000 Credit Suisse First Boston Inc. (Switzerland), MTN, FRN, 6.59%, 05/09/01 99,993 75,000 Credit Suisse First Boston International, (Switzerland), FRN, #, 6.78%, 10/02/00 75,003 240,000 Dresdner Bank AG, (Germany), FRN, 6.55%, 03/28/01 239,946 Fleet National Bank, 100,000 FRN, 6.71%, 10/26/00 99,994 85,000 MTN, FRN, 6.77%, 05/24/01 85,060 50,000 National City Bank, MTN, FRN, 6.76%, 07/05/01 49,981 ---------- 1,419,824 Consumer Products -- 0.7% 75,000 Unilever Capital Corp., FRN, 6.65%, 09/07/01 75,000 Financial Services -- 15.2% 100,000 Associates Corp. of North America, SUB, FRN, 6.77%, 06/15/04 100,000 Bear Stearns Companies, Inc., 200,000 Ser. B, MTN, FRN, 6.68%, 02/23/01 199,999 85,000 FRN, 6.96%, 08/01/01 85,142
See notes to financial statements. 17 CHASE VISTA CASH MANAGEMENT FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - -------------------------------------------------------------------------------- Money Market Instruments -- Continued - -------------------------------------------------------------------------------- Financial Services -- Continued CIT Group, Inc., $ 80,000 MTN, FRN, 6.80%, 09/15/00 $ 79,998 30,000 MTN, FRN, 7.02%, 11/13/00 30,017 100,000 Citigroup Inc., MTN, FRN, 6.59%, 06/06/01 100,000 Goldman Sachs Group, Inc., 148,000 FRN, #, 6.86%, 05/15/01 148,000 30,000 MTN, FRN, 6.85%, 09/07/00 30,000 J.P. Morgan & Co., Inc., 63,000 FRN, 6.61%, 03/16/01 63,000 40,000 FRN, 6.74%, 06/18/01 40,041 60,000 FRN, 6.77%, 06/25/01 60,057 Merrill Lynch & Co., Inc., 200,000 MTN, FRN, 6.58%, 03/06/01 199,989 20,000 MTN, FRN, 6.82%, 09/25/00 20,000 Morgan Stanley Dean Witter & Co., 110,000 FRN, 6.64%, 08/15/01 110,000 150,000 MTN, FRN, 6.60%, 03/16/01 150,000 50,000 MTN, FRN, 6.86%, 01/22/01 50,030 25,000 MTN, FRN, 6.91%, 03/15/01 25,000 130,000 Wells Fargo & Co., FRN, 6.59%, 09/14/01 130,000 75,000 Westpac Banking Corp., (Australia), (Yankee), FRN, 6.73%, 05/08/01 75,019 ---------- 1,696,292 Insurance -- 0.7% Prudential Funding Corp., 30,000 FRN, 6.70%, 12/21/00 29,994 50,000 MTN, FRN, 6.81%, 04/17/01 50,020 ---------- 80,014 Machinery & Engineering Equipment -- 0.7% 75,000 Caterpillar Financial Services Corp., MTN, FRN, 6.80%, 07/09/01 75,000 Real Estate -- 0.8% 84,000 Main Place Real Estate Investment Corp., FRN, 6.89%, 10/25/00 84,008 Telecommunications -- 5.4% 30,000 AT&T Capital Corp., MTN, FRN, 7.45%, 12/01/00 30,047 AT&T Corp., 100,000 FRN, #, 6.56%, 03/08/01 99,990 265,000 FRN, #, 6.65%, 07/19/01 265,001 200,000 SBC Communications, Inc., FRN, #, 6.63%, 05/15/01 199,972 ---------- 595,010 Utilities -- 2.2% 55,292 Baltimore Gas & Electric Co., FRN, 6.84%, 09/01/06 55,294 190,000 National Rural Utilities Co., Ser. C., MTN, FRN, 6.81%, 09/08/00 190,000 ---------- 245,294 ---------------------------------------------------------------- Total Corporate Notes & Bonds 6,631,724 (Cost $6,631,724) ------------------------------------------------------------------
See notes to financial statements. 18 CHASE VISTA CASH MANAGEMENT FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - ----------------------------------------------------------------------------------- Money Market Instruments -- Continued - ----------------------------------------------------------------------------------- Commercial Paper -- 18.3% ------------------------- Asset Backed Securities -- 10.5% $ 50,000 Amstel Funding Corp., 6.56%, 09/18/00 $ 49,846 60,000 Atlantis One Funding, 6.75%, 02/14/01 58,193 50,000 Bills Securitization LTD, 6.93%, 11/03/00 49,414 Concord Minutemen Capital Co., LLC, Series A, 41,324 6.57%, 09/14/00 41,226 92,000 6.58%, 09/07/00 91,900 Crown Point Capital Co., LLC, 73,000 6.64%, 09/14/00 72,827 27,000 6.64%, 11/16/00 26,627 Falcon Asset Securitization Corp., 75,000 6.59%, 09/14/00 74,823 48,000 6.59%, 09/20/00 47,835 42,000 Greenwich Funding Corp., 6.56%, 09/15/00 41,894 75,000 Greyhawk Funding LLC, 6.77%, 02/02/01 72,899 50,000 Intrepid Funding Master Trust, Ser. 1999-A, 6.28%, 09/05/00 49,966 27,000 Lexington Parker Capital Corp., LLC, 6.73%, 09/12/00 26,945 65,000 Montauk Funding Corp., 6.57%, 09/26/00 64,706 Moriarty LLC, 75,000 6.75%, 02/27/01 72,565 85,000 6.85%, 02/02/01 82,593 25,544 Parthenon Receivables Funding LLC, 6.87%, 01/25/01 24,856 41,149 Pooled Accounts Receivable Capital Corp., 6.56%, 09/18/00 41,022 100,000 Sheffield Receivables Corp., #, 6.56%, 09/15/00 99,746 75,000 Tulip Funding Corp., 6.62%, 09/20/00 74,741 ---------- 1,164,624 Banking -- 2.8% 100,000 Bank of America, NA, 6.30%, 09/12/00 99,814 90,000 Credit Suisse First Boston Inc., 6.32%, 09/13/00 89,816 125,000 United Mexican States, 7.02%, 11/03/00 123,508 ---------- 313,138 Financial Services -- 3.5% 102,000 Aspen Funding Corp., 6.35%, 09/18/00 101,703 100,000 Citibank Capital Markets Assets, LLC, 6.86%, 02/06/01 97,095 75,000 Girsa Funding Corp., 6.55%, 10/23/00 74,313 100,000 Goldman Sachs Group, Inc., 6.75%, 02/14/01 96,994 20,000 Interperu Funding Ltd., 6.88%, 11/08/00 19,749 ---------- 389,854 Telecommunications -- 0.7% British Telecommunications PLC, 25,000 6.28%, 09/07/00 24,975 50,000 6.85%, 11/06/00 49,393 ---------- 74,368 Utilities -- 0.8% 87,000 Comision Federal De Electricidad, (Mexico), 6.58%, 09/18/00 86,732 ------------------------------------------------------------------- Total Commercial Paper 2,028,716 (Cost $2,028,716) -------------------------------------------------------------------
See notes to financial statements. 19 CHASE VISTA CASH MANAGEMENT FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - --------------------------------------------------------------------------------------- Money Market Instruments -- Continued - --------------------------------------------------------------------------------------- Funding Agreements/GICS -- 6.4% ------------------------------- $ 50,000 AIG Funding Inc., Floating Rate, 6.81%, 10/02/00 $ 50,000 125,000 First Allmerica Financial Life Insurance Co., Floating Rate, 6.82%, 04/06/01 125,000 150,000 G E Financial Assurance, Floating Rate, 6.91%, 03/01/01 150,000 Jackson National Life Insurance Co., Floating Rate, 100,000 6.86%, 01/18/01 100,000 80,000 6.91%, 09/01/01 80,000 100,000 MetLife Funding Inc., Floating Rate, #, 6.91%, 06/01/01 100,000 50,000 Travelers Insurance Co., Floating Rate, 6.80%, 04/24/01 50,000 50,000 United of Omaha Life Insurance Company, Floating Rate, 6.71%, 05/17/01 50,000 ----------------------------------------------------------------------- Total Funding Agreements/GICS 705,000 (Cost $705,000) ----------------------------------------------------------------------- Certificates of Deposit -- 10.1% -------------------------------- 150,000 Banco Santander Central Hispano SA, (Spain), (Yankee), 6.73%, 02/28/01 149,998 Bank Austria AG (Austria), (Yankee), 50,000 6.55%, 02/01/01 49,990 50,000 6.71%, 02/05/01 49,990 190,000 Bayerische Hypo- und Vereinsbank AG, Floating Rate, (Germany), (Yankee), 6.54%, 02/28/01 189,955 130,000 Bayerische Landesbank Girozentrale, Floating Rate, (Germany), (Yankee), 6.54%, 12/15/00 129,972 90,000 Commerzbank AG (Germany), (Yankee), 6.52%, 01/08/01 89,991 75,000 Deutsche Bank AG, (Germany), (Yankee), 6.73%, 03/16/01 74,977 55,000 Landesbank Hessen-Thuringen Girozentrale, (Germany), (Yankee), 6.89%, 04/30/01 54,995 50,000 Norddeutsche Landesbank Girozentrale, (Germany), (Yankee), 6.55%, 01/16/01 49,991 75,000 Rabobank Nederland NV (Netherlands), (Yankee), 6.50%, 01/29/01 74,985 50,000 Svenska Handelsbanken, Inc., (Sweden), (Yankee), 6.75%, 02/14/01 49,989 150,000 Westdeutsche Landesbank Girozentrale, (Germany), (Yankee), 6.75%, 08/28/01 150,000 ----------------------------------------------------------------------- Total Certificates of Deposit 1,114,833 (Cost $1,114,833) ----------------------------------------------------------------------- Time Deposit -- 1.3% -------------------- 145,902 Wachovia Bank, 6.56%, 09/01/00 145,902 (Cost $145,902) - --------------------------------------------------------------------------------------- Total Investments -- 99.5% $11,023,038 (Cost $11,023,038)* - ---------------------------------------------------------------------------------------
See notes to financial statements. 20 - -------------------------------------------------------------------------------- CHASE VISTA PRIME MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - ------------------------------------------------------------------------------------------ Money Market Instruments -- 102.2% - ------------------------------------------------------------------------------------------ U.S. Government Agency Securities -- 1.8% ----------------------------------------- Federal Home Loan Bank, $ 35,000 DN, 5.85%, 11/17/00 $ 34,586 50,000 DN, 5.93%, 11/24/00 49,347 55,000 DN, 6.03%, 12/08/00 54,148 15,000 DN, 6.13%, 12/22/00 14,730 25,000 DN, 6.32%, 01/08/01 24,467 25,000 DN, 6.50%, 02/01/01 24,352 25,000 DN, 6.51%, 03/15/01 24,172 ------------------------------------------------------------------------ Total U.S. Government Agency Securities 225,802 (Cost $225,802) ------------------------------------------------------------------------ State and Municipal Obligation -- 0.0% -------------------------------------- 4,346 Sault Sainte Marie, Michigan, Tribe Building Authority, Taxable, Rev., FRDO, 7.51%, 12/01/00 4,346 (Cost $4,346) ------------------------------------------------------------------------ Corporate Notes & Bonds -- 39.4% -------------------------------- Asset Backed Securities -- 19.0% 47,000 ACE Overseas Corp., FRN, 6.74%, 03/16/01 46,991 Beta Finance Corp., Inc., (Channel Islands), 75,000 FRN, #, 6.61%, 08/14/01 74,996 65,000 MTN, #, 6.87%, 02/26/01 65,000 30,000 MTN, #, 6.90%, 03/30/01 29,999 85,000 MTN, #, 6.94%, 05/02/01 85,000 50,000 MTN, FRN, #, 6.11%, 03/30/01 49,997 50,000 MTN, FRN, #, 6.60%, 04/30/01 50,000 CC USA, Inc. (Centauri Corp.), 60,000 MTN, #, 6.10%, 09/07/00 60,000 35,000 MTN, #, 7.12%, 05/07/01 35,000 50,000 MTN, #, 7.07%, 07/25/01 50,000 50,000 MTN, FRN, #, 6.60%, 04/20/01 50,000 50,000 MTN, FRN, #, +, 6.84%, 09/10/01 50,000 100,000 Compass Securitization LLC, FRN, 6.59%, 10/16/00 99,998 Dorada Finance Inc., 70,000 MTN, #, 7.06%, 07/17/01 70,000 75,000 MTN, FRN, #, 6.87%, 09/05/00 75,000 75,000 MTN, FRN, #, +, 6.84%, 09/10/01 75,000 26,481 First Security Auto Owner Trust 2000-1, Class A-1, 6.77%, 07/16/01 26,481 K2 (USA) LLC, 55,000 MTN, FRN, #, 6.62%, 07/16/01 55,000 100,000 MTN, FRN, #, 6.62%, 08/15/01 100,000 50,000 MTN, FRN, #, 6.80%, 10/16/00 50,000 75,000 Links Finance LLC, MTN, FRN, #, 6.60%, 05/11/01 74,992 Restructured Asset Securities with Enhanced Returns (RACERS), 37,000 1999 Ser. MM-35, FRN, #, 6.72%, 12/15/00 37,000 90,000 2000 Ser. MM-7, FRN, #, 6.64%, 05/30/01 89,963 100,000 2000 Ser. MM-10, FRN, #, 6.64%, 06/22/01 100,000 Sigma Finance Corp., (Channel Islands), 100,000 MTN, FRN, #, 6.60%, 05/02/01 100,000 75,000 MTN, FRN, #, 6.61%, 03/05/01 75,000
See notes to financial statements. 21 - -------------------------------------------------------------------------------- CHASE VISTA PRIME MONEY MARKET FUND Portfolio of Investments (Continued) - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - ---------------------------------------------------------------------------------------- Money Market Instruments -- Continued - ---------------------------------------------------------------------------------------- Asset Backed Securities -- Continued $ 100,000 MTN, FRN, #, 6.62%, 05/15/01 $ 100,000 50,000 MTN, FRN, #, 6.67%, 09/25/01 50,012 50,000 MTN, FRN, #, 6.80%, 10/16/00 50,000 70,000 MTN, FRN, #, 6.90%, 09/15/00 70,000 Strategic Money Market (SMM), 75,000 Trust 2000-B, FRN, #, 6.81%, 12/13/00 75,000 60,000 Trust 2000-E, FRN, #, 6.64%, 03/14/01 60,000 136,957 Trust 2000-G, FRN, #, 6.89%, 06/04/01 136,958 100,000 Special Purpose Accounts Receivable Cooperative Corp., FRN, 6.62%, 02/26/01 100,000 100,000 Variable Funding Capital Corp., FRN, 6.60%, 02/05/01 99,992 ---------- 2,417,379 Automotive -- 1.3% Toyota Motor Credit Corp., 150,000 MTN, FRN, @, 6.68%, 04/23/01 149,964 20,000 MTN, FRN, 6.87%, 10/25/00 20,003 ---------- 169,967 Banking -- 6.3% 250,000 Abbey National Treasury Services PLC, (United Kingdom), (Yankee), MTN, FRN, 6.52%, 06/15/01 249,846 100,000 American Express Centurion Bank, MTN, FRN, 6.59%, 05/08/01 100,000 70,000 Bank of America, N.A., MTN, FRN, 6.78%, 07/11/01 70,006 100,000 Bank One N.A., FRN, 6.65%, 09/10/01 100,025 Commerzbank AG (Germany), (Yankee), 75,000 FRN, 6.54%, 03/19/01 74,980 160,000 FRN, 6.58%, 06/29/01 159,921 50,000 Landesbank Hessen-Thuringen Girozentrale, (Germany), (Yankee), FRN, 6.77%, 10/02/00 49,994 ---------- 804,772 Consumer Products -- 0.6% 75,000 Unilever Capital Corp., FRN, 6.65%, 09/07/01 75,000 Financial Services -- 9.8% 75,000 Associates Corp. of North America, FRN, 6.77%, 06/26/01 75,000 Citigroup, Inc., 175,000 MTN, FRN, 6.58%, 04/04/01 175,000 150,000 MTN, FRN, 6.59%, 06/06/01 150,000 90,000 Goldman Sachs Group LP, Ser. A, MTN, FRN, #, 6.81%, 09/12/01 90,000 150,000 Merrill Lynch & Co., Inc., MTN, FRN, 6.58%, 03/06/01 149,992 Morgan Stanley Dean Witter & Co., 150,000 FRN, 6.64%, 08/15/05 150,000 55,000 MTN, FRN, 6.69%, 05/15/01 55,002 35,000 MTN, FRN, 6.90%, 03/13/01 35,000 50,000 MTN, FRN, 6.91%, 03/15/01 50,000 Wells Fargo Bank, N.A., 150,000 FRN, 6.59%, 09/14/01 150,000 175,000 MTN, FRN, 6.76%, 07/24/01 174,939 ---------- 1,254,933
See notes to financial statements. 22 CHASE VISTA PRIME MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - --------------------------------------------------------------------------------- Money Market Instruments -- Continued - --------------------------------------------------------------------------------- Telecommunications -- 2.4% $ 150,000 AT&T Corp., FRN, #, 6.56%, 03/08/01 $ 149,985 150,000 SBC Communications, Inc., FRN, #, 6.63%, 05/15/01 149,979 ---------- 299,964 ---------------------------------------------------------------- Total Corporate Notes & Bonds 5,022,015 (Cost $5,022,015) ---------------------------------------------------------------- Commercial Paper -- 39.8% ------------------------- Asset Backed Securities -- 24.4% Alpine Securitization Corp., 54,000 6.55%, 09/19/00 53,824 135,000 6.56%, 09/18/00 134,583 34,396 6.62%, 09/18/00 34,290 100,000 Atlantis One Funding Corp., 6.75%, 02/14/01 96,989 Barton Capital Corp., 77,110 6.55%, 09/22/00 76,817 40,434 6.58%, 09/06/00 40,397 50,000 Bills Securitization Ltd., 6.93%, 11/03/00 49,414 85,000 Bavaria Universal Funding Co., Floating Rate, 6.60%, 02/13/01 84,994 70,000 Blue Ridge Asset Funding Corp., 6.57%, 09/06/00 69,937 115,000 Brahms Funding Corp., 6.62%, 10/18/00 113,688 Charta Corp., 45,000 6.59%, 09/08/00 44,943 50,000 6.62%, 09/07/00 49,945 Falcon Asset Securitization Corp., 75,000 6.56%, 09/27/00 74,647 75,000 6.59%, 09/14/00 74,823 Four Winds Funding Corp., 54,000 #, 6.55%, 09/08/00 53,932 102,600 6.55%, 09/18/00 102,284 100,000 Galaxy Funding Inc., 6.89%, 02/02/01 97,155 Grand Funding Corp., 65,000 6.55%, 09/06/00 64,941 41,200 6.57%, 09/18/00 41,073 150,000 Greenwich Funding Corp., 6.56%, 09/15/00 149,619 75,000 Greyhawk Funding LLC, 6.77%, 02/02/01 72,899 International Securitization Corp., 48,000 6.56%, 09/15/00 47,878 78,465 6.56%, 09/29/00 78,066 75,000 Intrepid Funding Master Trust, Ser. 1999-A, 6.28%, 09/05/00 74,949 K2 (USA) LLC, 24,000 6.87%, 02/26/01 23,217 50,000 6.94%, 04/17/01 47,910 Liberty Street Funding Corp., 37,945 6.74%, 09/06/00 37,910 60,000 6.75%, 09/07/00 59,934 99,740 Market Street Funding Corp., #, 6.76%, 09/07/00 99,630 72,790 Old Line Funding Corp., #, 6.60%, 09/20/00 72,539 42,000 Parthenon Receivables Funding LLC, 6.57%, 09/18/00 41,870 61,955 Pooled Accounts Receivable Capital Corp., 6.15%, 09/12/00 61,832
See notes to financial statements. 23 CHASE VISTA PRIME MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - ------------------------------------------------------------------------------------- Money Market Instruments -- Continued - ------------------------------------------------------------------------------------- Asset Backed Securities -- Continued $ 65,539 Receivables Capital Corp., #, 6.58%, 09/11/00 $ 65,420 Sheffield Receivables Corp., 100,000 6.56%, 09/01/00 100,000 100,000 6.56%, 09/15/00 99,746 49,400 6.57%, 09/20/00 49,230 65,000 Sigma Finance Corp., (Channel Islands), #, 6.74%, 02/28/01 62,881 Silver Tower U.S. Funding, LLC, 95,000 6.74%, 02/23/01 91,989 50,000 6.75%, 02/12/01 48,515 75,000 Surrey Funding Corp., 6.56%, 09/14/00 74,823 65,411 Thames Asset Global Securitization (TAGS), #, 6.76%, 09/29/00 65,073 82,398 Tulip Funding Corp., 6.62%, 09/20/00 82,114 68,000 Victory Receivables, 6.55%, 09/19/00 67,778 50,000 WCP Funding, Inc., 6.58%, 09/07/00 49,946 ---------- 3,084,444 Automotive -- 2.4% Daimler Chrysler North America Holding Corp., 100,000 6.57%, 09/25/00 99,565 156,950 6.58%, 09/27/00 156,210 50,000 6.63%, 11/22/00 49,257 ---------- 305,032 Banking -- 3.5% 54,800 Banco de Galicia y Buenos Aires SA de CV, (Argentina), 6.63%, 09/22/00 54,591 20,000 Banco Rio De La Plata SA, (Argentina), 6.78%, 03/08/01 19,317 100,000 Banco Santander, (Puerto Rico), 6.63%, 09/12/00 99,800 150,000 Bank of America, N.A., 6.30%, 09/12/00 149,719 Banque ET Caisse DEpargne De L'Etat (France), 51,000 6.68%, 12/27/00 49,923 75,000 6.76%, 02/16/01 72,715 ---------- 446,065 Financial Services -- 6.4% 102,000 Aspen Funding Corp., 6.35%, 09/18/00 101,704 70,000 Associates Corp. of North America, ECN, 6.63%, 09/25/00 69,694 70,000 Citibank Capital Markets Assets, LLC, 6.86%, 02/07/01 67,953 Dakota Certificate Program (Citibank Credit Card Master Trust I), 91,894 6.62%, 09/26/00 91,477 60,000 6.63%, 09/14/00 59,858 Fairway Finance Corp., 70,259 6.56%, 09/25/00 69,954 40,941 6.77%, 02/23/01 39,639 112,917 HomeSide Lending Inc., 6.65%, 09/27/00 112,383 30,000 Interperu Funding Ltd., 6.54%, 09/27/00 29,863 100,000 New Castle Certificate Program (Discover Card Master Trust I, Ser. 2000-A), ECN, 6.70%, 09/18/00 99,687 110,000 Quincy Capital Corp., 6.56%, 09/25/00 109,522 ---------- 851,734
See notes to financial statements. 24 CHASE VISTA PRIME MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - --------------------------------------------------------------------------------- Money Market Instruments -- Continued - --------------------------------------------------------------------------------- Food/Beverage Products -- 1.0% Coca-Cola Co., $ 50,000 ECN, 6.61%, 09/18/00 $ 49,846 75,000 ECN, 6.64%, 11/14/00 73,993 ---------- 123,839 Telecommunications -- 1.5% British Telecommunications PLC, 50,000 6.65%, 11/06/00 49,393 144,500 6.74%, 02/15/01 140,130 ---------- 189,523 Utilities -- 0.6% Comision Federal De Electricidad, (Mexico), 50,000 6.58%, 09/18/00 49,846 31,000 6.60%, 09/18/00 30,904 ---------- 80,750 ----------------------------------------------------------------- Total Commercial Paper 5,081,387 (Cost $5,081,387) ----------------------------------------------------------------- Certificates of Deposit -- 12.9% -------------------------------- 110,000 Banco Popolare di Milano (Italy), (Yankee), 6.64%, 11/15/00 110,005 Bank Austria AG (Austria), (Yankee), 50,000 6.55%, 02/01/01 49,990 59,000 6.71%, 02/05/01 58,988 Bayerische Landesbank Girozentrale, Floating Rate, (Germany), (Yankee), 135,000 6.54%, 12/15/00 134,971 190,000 6.54%, 03/01/01 189,954 Credit Communal De Belgique S.A., (Belgium), 25,000 5.96%, 10/02/00 24,997 100,000 Floating Rate, 6.54%, 03/01/01 99,976 75,000 Deutsche Bank AG, (Germany), (Yankee), 6.73%, 03/16/01 74,977 Landesbank Baden-Wuerttemberg, (Germany), (Yankee), 75,000 6.72%, 02/28/01 74,997 100,000 6.73%, 02/15/01 100,000 55,000 Landesbank Hessen-Thuringen Girozentrale, (Germany), 6.89%, 04/30/01 54,995 Norddeutsche Landesbank Girozentrale, (Germany), (Yankee), 50,000 6.55%, 01/16/01 49,991 125,000 6.72%, 02/28/01 124,992 75,000 Rabobank Nederland NV (Netherlands), (Yankee), 6.50%, 01/29/01 74,985 68,000 Svenska Handelsbanken, Inc., (Sweden), (Yankee), 6.75%, 02/14/01 67,985 100,000 UBS Finance Inc., (Switzerland), (Yankee), 6.50%, 01/08/01 99,983 260,000 Westdeutsche Landesbank Girozentrale, (Germany), (Yankee), Floating Rate, 6.54%, 02/28/01 259,937 ----------------------------------------------------------------- Total Certificates of Deposit 1,651,723 (Cost $1,651,723) -----------------------------------------------------------------
See notes to financial statements. 25 CHASE VISTA PRIME MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount (USD) Issuer Value - ------------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------------ Time Deposits -- 4.7% --------------------- $ 295,000 Firstar Bank, 6.59%, 09/01/00 $ 295,000 308,864 Key Bank N.A., 6.56%, 09/01/00 308,864 ------------------------------------------------------------------------- Total Time Deposits 603,864 (Cost $603,864) ------------------------------------------------------------------------- Repurchase Agreements -- 3.6% ----------------------------- 255,000 Credit Suisse First Boston, Tri Party, 6.66%, due 09/01/00 (Dated 08/31/00, Proceeds $255,047, Secured by U.S. Government Agency Obligations, $260,471, 5.20% through 8.47%, due 09/01/00 through 02/24/10; Market Value $260,783) 255,000 200,000 Salomon Smith Barney, Tri Party, 6.66%, due 09/01/00 (Dated 08/31/00, Proceeds $200,037, Secured by U.S. Government Agency Obligations, $205,665, DN, due 09/22/00 through 03/01/01; Market Value $204,000) 200,000 ------------------------------------------------------------------------- Total Repurchase Agreements 455,000 (Cost $455,000) - ------------------------------------------------------------------------------------------ Total Investments -- 102.2% $13,044,137 (Cost $13,044,137)* - ------------------------------------------------------------------------------------------
See notes to financial statements. 26 - -------------------------------------------------------------------------------- CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Money Market Instruments -- 100.2% - ------------------------------------------------------------------------------------- U.S. Government Agency Securities -- 0.5% ----------------------------------------- Federal Home Loan Bank -- 0.0% $ 601 Federal Home Loan Bank, DN, 6.53%, 09/07/00 $ 601 Federal Home Loan Mortgage Corp. -- 0.5% 6,853 Federal Home Loan Mortgage Corp., DN, 6.53%, 09/07/00 6,853 --------------------------------------------------------------------- Total U.S. Government Agency Securities 7,454 (Cost $7,454) --------------------------------------------------------------------- Municipal Securities -- 99.7% ----------------------------- Alabama -- 2.3% 3,820 Alabama State, Public School & College Authority, Ser. 124, PUTTERS, FRDO, 4.32%, 09/07/00 3,820 5,000 Birmingham, Alabama, GO, FRDO, 4.25%, 09/07/00 5,000 3,450 Birmingham, Alabama, Ser. A, Warrants, FRDO, 4.25%, 09/07/00 3,450 5,000 DCH Health Care Authority, Alabama, Health Care Facilities, Rev., FRDO, 4.25%, 09/07/00 5,000 3,000 Infirmary Health Systems, Special Care Facilities Financing Authority, Mobile, Alabama, Infirmary Health Systems Inc., Ser. A, Rev., FRDO, 4.25%, 09/07/00 3,000 1,195 Marshall County, Alabama, Special Obligation, Warrants, FRDO, 4.30%, 09/07/00 1,195 1,000 Phenix County, Alabama, Industrial Development Board, Environmental Improvement, Mead Coated Board Project, Ser. A, Rev., FRDO, 4.45%, 09/01/00 1,000 8,700 Stevenson, Alabama, Industrial Development Board, Environmental Improvement, The Mead Corp. Project, Rev., FRDO, 4.35%, 09/01/00 8,700 4,900 Stevenson, Alabama, Industrial Development Board, Environmental Improvement, The Mead Corp. Project, Ser. C, Rev., FRDO, 4.35%, 09/01/00 4,900 1,900 University of Alabama, Hospital, Ser. B, Rev., FRDO, 4.25%, 09/06/00 1,900 ------- 37,965 Alaska -- 0.9% 7,875 Alaska State, Housing Finance Corp., Floating Rate Trusts Receipts, Ser. N-13, Regulation D, Rev., FRDO, 4.50%, 09/06/00 7,875 6,845 Alaska State, Housing Finance Corp., FLOATS, Ser. PT-202, Rev., FRDO, 5.92%, 09/01/00 6,848 ------- 14,723 Arizona -- 0.3% 5,000 University of Arizona, Main Campus & Research, Ser. A, Rev., COP, FRDO, 4.20%, 09/06/00 5,000 Arkansas -- 0.8% 3,600 Arkansas Hospital Equipment Finance Authority, AHA Pooled Financing Program, Rev., FRDO, 4.35%, 09/06/00 3,600 3,750 Arkansas State, Development Finance Authority, IDR, Stratton Seed Co. Project, Rev., FRDO, 4.45%, 09/07/00 3,750
See notes to financial statements. 27 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ----------------------------------------------------------------------------------- Money Market Instruments -- Continued - ----------------------------------------------------------------------------------- Arkansas -- Continued $ 5,500 Columbia County, Arkansas, Solid Waste Disposal, Albemarle Corp. Project, Rev., FRDO, 4.45%, 09/07/00 $ 5,500 ------- 12,850 California -- 0.1% 500 Alameda County, California, Multi-Family Housing, Quail, Ser. A, Rev., FRDO, 3.50%, 09/06/00 500 900 San Diego, California, IDR, Kaiser Aerospace & Electric, Ser. A, Rev., FRDO, 3.85%, 09/07/00 900 ------- 1,400 Colorado -- 2.0% 15,400 Colorado Springs, Colorado, Utilities, Municipal Securities Trust Receipts, Ser. SGA-88, Rev., FRDO, 4.35%, 09/01/00 15,400 2,500 Colorado Student Obligation Bond Authority, Student Loan, Senior Lien, Ser. A-3, Rev., FRDO, 4.35%, 09/06/00 2,500 15,580 Denver, Colorado, City & County Airport, Floating Rate Certificates, Ser. 153, Rev., FRDO, 4.33%, 09/07/00 15,580 ------- 33,480 Connecticut -- 0.9% 15,100 Meriden, Connecticut, GO, BAN, 4.75%, 08/08/01 15,139 Delaware -- 0.6% 9,400 Delaware State, Economic Development Authority, IDR, Star Enterprise Project, Ser. B, Rev., FRDO, 4.35%, 09/06/00 9,400 District of Columbia -- 3.8% 19,400 District of Columbia, Rev., FRDO, 4.30%, 11/16/00 19,400 4,755 District of Columbia, Water & Sewer Authority, Public Utility, Rev., FRDO, 4.33%, 09/07/00 4,755 6,155 Eagle Tax Exempt Trust, Weekly Option Mode, Water & Sewer Rev., District of Columbia, Ser. 98-5202, FRDO, #, 4.33%, 09/07/00 6,155 10,000 Metropolitan Washington Airport, Rev., 4.30%, 12/06/00 10,000 10,000 Metropolitan Washington Airport, Rev., 4.33%, 11/06/00 10,000 6,900 Metropolitan Washington Airport, Rev., 4.40%, 02/14/01 6,900 6,000 Metropolitan Washington Airport, Rev., 4.50%, 09/06/00 6,000 ------- 63,210 Florida -- 5.4% 400 Alachua County, Florida, Health Facilities Authority, Shands Teaching Hospital, Ser. B, Rev., FRDO, 4.25%, 09/06/00 400 1,600 Broward County, Florida, Ser. C, GO, 5.60%, 01/01/01 1,606 1,150 Collier County, Florida, Health Facilities Authority, The Moorings Inc. Project, Rev., FRDO, 4.30%, 09/06/00 1,150 2,720 Dade County, Florida, Housing Finance Authority, Multi-Family Housing, Kendall Ct. Apartments, Rev., FRDO, 4.30%, 09/07/00 2,720 2,020 Dade County, Florida, Housing Finance Authority, Multi-Family Housing, Star Creek Apartments, Rev., FRDO, 4.30%, 09/07/00 2,020
See notes to financial statements. 28 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Florida -- Continued $ 2,155 Dade County, Florida, Housing Finance Authority, Single Family Mortgage, FLOATS, Ser. PT-344, Rev., FRDO, #, 4.38%, 09/07/00 $2,158 5,000 Florida Finance Commission, 4.30%, 01/24/01 5,000 7,185 Florida Housing Finance Corp., Multi-Family Housing, Beneva Project, Ser. C, Rev., FRDO, 4.20%, 09/07/00 7,185 5,000 Florida Housing Finance Corp., Multi-Family Housing, Kings Project, Ser. D, Rev., FRDO, 4.25%, 09/07/00 5,000 3,960 Florida State, Board of Education, Capital Outlay, FLOATS, Ser. PA-696, GO, FRDO, 4.38%, 09/07/00 3,960 5,330 Gulf Breeze, Florida, Local Government Loan Program, Ser. B, Rev., FRDO, 4.25%, 09/07/00 5,330 12,450 Gulf Breeze, Florida, Local Government Loan Program, Ser. C, Rev., FRDO, 4.25%, 09/07/00 12,450 100 Jacksonville, Florida, Capital Project, Ser. 1, Rev., FRDO, 4.25%, 09/06/00 100 8,000 Jacksonville, Florida, Educational Facilities, Jacksonville University Project, Rev., FRDO, 4.25%, 09/07/00 8,000 1,000 Jacksonville, Florida, Health Facilities Authority, River Garden Project, Rev., FRDO, 4.25%, 09/07/00 1,000 6,000 Orange County, Florida, Health Facilities Authority, Florida Hospital Association of Health, Ser. A, Rev., FRDO, 4.35%, 09/06/00 6,000 4,700 Orange County, Florida, Health Facilities Authority, Presbyterian Retirement Project, Rev., FRDO, 4.30%, 09/07/00 4,700 2,000 Orlando, Florida, Utilities Commission, Water & Sewer System, Rev., 4.25%, 10/02/00 2,000 14,100 Tampa, Florida, Sports Authority, Municipal Securities Trust Receipts, Ser. SGA-61, Rev., FRDO, 4.35%, 09/01/00 14,103 4,500 The University of North Florida Foundation Inc., Parking System, Rev., FRDO, 4.30%, 09/07/00 4,500 ------ 89,382 Georgia -- 3.1% 6,600 Atlanta, Georgia, Urban Residential Finance Authority, Multi-Family Housing, The Park at Lakewood, Rev., FRDO, 4.40%, 09/07/00 6,600 10,580 Atlanta, Georgia, Water & Wastewater, Municipal Securities Trust Receipts, Ser. SGA-86, Rev., FRDO, 4.30%, 09/06/00 10,580 1,000 Bibb County, Georgia, Class A Certificates, Ser. C, FRDO, 4.40%, 09/07/00 1,000 6,900 Crisp County, Georgia, Solid Waste Management Authority, Rev., FRDO, 4.38%, 09/07/00 6,900 15,100 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 97C- 1002, FRDO, #, 4.33%, 09/07/00 15,100 1,000 Fulton County, Georgia, Development Authority, Arthritis Foundation Inc. Project, Rev., FRDO, 4.30%, 09/06/00 1,000 3,000 Georgia Local Government, FLOATS, Ser. PT-1060, COP, FRDO, 4.33%, 09/07/00 3,000 3,849 Georgia Municipal Association Pooled Bond, COP, FRDO, 4.25%, 09/07/00 3,849
See notes to financial statements. 29 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Georgia -- Continued $ 1,860 Georgia State, Residential Finance Authority, Home Ownership Mortgage, Ser. A, Rev., FRDO, 4.15%, 12/01/00 $ 1,900 2,000 Municipal Electric Authority of Georgia, Rev., 4.40%, 09/07/00 2,000 ------- 51,929 Hawaii -- 0.1% 1,670 Hawaii State, Housing Finance & Development Corp., Single Family Mortgage, FLOATS, Ser. PA-73A, Rev., FRDO, 4.40%, 09/07/00 1,675 Illinois -- 6.9% 18,400 Chicago, Illinois, Airport, Special Facilities, O'Hare, Rev., FRDO, 4.35%, 09/06/00 18,400 3,000 Chicago, Illinois, Wastewater Transmission, Rev., -, 6.75%, 11/15/00 3,075 20,800 Chicago, Illinois, Water, Municipal Securities Trust Receipts, Ser. SGA-93, Rev., FRDO, 4.35%, 09/01/00 20,800 6,660 Elmhurst, Illinois, Joint Commission Accredation, Rev., FRDO, 4.25%, 09/07/00 6,660 3,205 Illinois Development Finance Authority, IDR, CFC International Inc. Project, Rev., FRDO, 4.30%, 09/07/00 3,205 2,000 Illinois Development Finance Authority, IDR, Valspar Corp. Project, Special Tax, FRDO, 4.40%, 09/07/00 2,000 4,100 Illinois Development Finance Authority, Local Government Financing Program, Ser. A, Rev., FRDO, 4.35%, 09/06/00 4,100 1,820 Illinois Development Finance Authority, Toughy LTD Partnership Project, Rev., FRDO, 4.30%, 09/06/00 1,820 18,540 Illinois Health Facilities Authority, Rev., 4.20%, 10/18/00 18,540 3,000 Illinois Health Facilities Authority, Rev., 4.30%, 10/05/00 3,000 3,600 Illinois Housing Development Authority, Multi-Family Housing, Camelot, Rev., FRDO, 4.45%, 09/06/00 3,600 16,685 Illinois Housing Development Authority, Multi-Family Housing, Lakeshore Plaza, Ser. A, Rev., FRDO, 4.20%, 09/06/00 16,685 2,660 Libertyville, Illinois, Industrial Revenue, Libertyville Manor Project, Rev., FRDO, 4.25%, 09/07/00 2,660 10,000 University of Illinois, Health Services Facilities System, Ser. B, Rev., FRDO, 4.20%, 09/06/00 10,000 ------- 114,545 Indiana -- 2.1% 5,000 DeKalb County, Indiana, Economic Development, New Process Steel Project, Rev., FRDO, 4.45%, 09/07/00 5,000 5,990 Indiana Bond Bank, FLOATS, Ser. PA-688, Rev., FRDO, 4.33%, 09/07/00 5,990 3,000 Indiana State, Development Finance Authority, Environmental Improvement, USX Corp. Project, Rev., FRDO, 3.00%, 03/01/01 3,000 9,000 Indiana State, Development Finance Authority, PCR, Southern Indiana Gas & Electric, Ser. A, Rev., FRDO, 3.00%, 03/01/01 9,000 6,665 Indiana State, Office Building Commission Capital Complex, FLOATS, Ser. PT-381, Rev., FRDO, 4.33%, 09/07/00 6,665
See notes to financial statements. 30 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Indiana -- Continued $ 1,270 Lafayette, Indiana, Economic Development, Health Quest Realty Project, Rev., FRDO, 4.30%, 09/07/00 $ 1,270 600 Muncie, Indiana, Economic Development, Health Quest Realty Project, Rev., FRDO, 4.30%, 09/07/00 600 3,305 Municipal Securities Trust Certificates, Ser. 1997-19A, Class A, Rev., FRDO, #, -, 4.30%, 09/06/00 3,305 ------- 34,830 Iowa -- 0.9% 15,000 Iowa School Corporations, Iowa School Cash Anticipation Program, Ser. A, Warrant Certificates, Rev., 5.50%, 06/22/01 15,117 Kansas -- 1.0% 2,000 Eagle Tax-Exempt Trust, Weekly Option Mode, Ser. 2000-1601, FRDO, #, 4.33%, 09/07/00 2,000 8,720 Kansas State, Development Finance Authority, FLOATS, Ser. PA-715, Rev., FRDO, 4.33%, 09/07/00 8,720 2,150 Spring Hill, Kansas, Industrial Revenue, Abrasive Engineering Project, Rev., FRDO, 4.43%, 09/07/00 2,150 1,650 Wichita, Kansas, Airport Facilities, Cessna Citation Center Project, Ser. III, Rev., FRDO, 4.40%, 09/06/00 1,650 1,800 Wichita, Kansas, Hospital, Facilities Improvement, Riverside, Ser. IV, Rev., FRDO, 4.30%, 09/07/00 1,800 ------- 16,320 Kentucky -- 2.2% 3,000 Jeffersontown, Kentucky, Lease Program, Kentucky League of Cities Funding Trust, Rev., FRDO, 4.25%, 09/06/00 3,000 26,575 Kentucky Area Development Districts, Financing Trust Lease Program, Ewing, Kentucky, Rev., FRDO, 4.35%, 09/07/00 26,574 2,000 Kentucky Asset Liability Commission, General Fund, Ser. A, Rev., TRAN, 5.25%, 06/27/01 2,011 2,530 Kentucky Housing Corp., Ser. D, Rev., 4.40%, 01/01/01 2,530 1,000 Kentucky State, Property & Buildings Commission, Project No. 55, Rev., 4.30%, 09/01/00 1,000 1,085 Kentucky State, Property & Buildings Commission, Project No. 66, Ser. A, Rev., 5.00%, 05/01/02 1,089 ------- 36,204 Louisiana -- 1.3% 2,950 Caddo Parish, Louisiana, Industrial Development Board Inc., Frymaster Corp. Project, Rev., FRDO, 4.25%, 09/05/00 2,950 2,685 Iberia Parish, Louisiana, Industrial Development Board Inc., Cuming Insulation Corp. Project, Rev., FRDO, 4.37%, 09/07/00 2,685 2,000 Louisiana Housing Finance Agency, Ser. A-52, Rev., FRDO, 4.50%, 09/06/00 2,000 5,575 Louisiana Public Facilities Authority, Tiger Athletic Foundation Project, Rev., FRDO, 4.28%, 09/07/00 5,575 1,535 New Orleans, Louisiana, Aviation Board, Ser. A, Rev., FRDO, 4.30%, 09/06/00 1,535
See notes to financial statements. 31 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Louisiana -- Continued $ 3,000 Plaquemines, Louisiana, Port Harbor & Terminal District, Rev., 4.30%, 12/08/00 $ 3,000 4,000 Plaquemines, Louisiana, Port Harbor & Terminal District, Port Facilities, International Marine Terminal Project, Ser. B, Rev., FRDO, 4.20%, 03/15/01 4,005 ------- 21,750 Maine -- 0.3% 1,000 Maine Educational Loan Marketing Corp., Student Loan, Ser. A-4, Rev., 5.60%, 11/01/00 1,002 3,310 Maine State, Turnpike Authority, FLOATS, Ser. PA-699, Rev., FRDO, 4.33%, 09/07/00 3,311 ------- 4,313 Maryland -- 1.6% 3,000 Anne Arundel County, Maryland, GO, 4.25%, 12/14/00 3,000 8,605 Howard County, Maryland, Multi-Family Housing, Sherwood Crossing LTD, Rev., FRDO, 4.85%, 12/01/00 8,605 5,000 Maryland State, Stadium Authority, Sports Facilities Lease, Rev., FRDO, 4.30%, 09/06/00 5,000 10,000 Municipal Securities Trust Certificates, Ser. 1999-76, Class A, Rev., FRDO, #, 4.55%, 12/01/00 10,000 ------- 26,605 Massachusetts -- 0.5% 5,300 Massachusetts State, Health & Educational Facilities Authority, Municipal Securities Trust Receipts, Ser. SGA-97, Rev., FRDO, 4.35%, 09/01/00 5,300 3,000 Massachusetts State, Ser. A, GO, BAN, +, 5.00%, 09/06/01 3,020 ------- 8,320 Michigan -- 2.8% 1,100 Cornell Township, Michigan, Economic Development Corp., Environmental Improvement, Dates-Mead- Escanaba Paper Co., Rev., FRDO, 4.25%, 09/01/00 1,100 6,100 Holt, Michigan, Public Schools, Ser. B, GO, FRDO, +, 4.30%, 03/01/01 6,100 1,500 Michigan Municipal Bond Authority, Ser. C-2, Rev., 5.00%, 08/23/01 1,510 22,000 Michigan State, Building Authority, Rev., 4.20%, 09/21/00 22,000 1,200 Michigan State, Hospital Finance Authority, Mt. Clemens Hospital, Rev., FRDO, 4.20%, 09/06/00 1,200 6,000 Michigan State, Housing Development Authority, Ser. 1999-B2, Rev., 4.45%, 09/06/00 6,000 7,495 Michigan State, Strategic Fund LTD, FLOATS, Ser. PT-237, Rev., FRDO, 4.33%, 09/07/00 7,495 1,175 Michigan State, Strategic Fund LTD, Wayne Disposal, Oakland Project, Rev., FRDO, 4.35%, 09/06/00 1,175 ------- 46,580 Minnesota -- 0.3% 3,300 Minnesota State, GO, FRDO, 4.33%, 09/07/00 3,300 1,255 Minnesota State, Housing Finance Agency, Single Family Mortgage, Ser. E, Rev., FRDO, 4.35%, 05/01/01 1,255 ------- 4,555
See notes to financial statements. 32 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Mississippi -- 0.5% $ 3,030 Mississippi Business Finance Corp., IDR, Choctaw Maid Farms, Inc. Project, Rev., FRDO, 4.35%, 09/06/00 $ 3,030 4,840 Mississippi Home Corp., Single Family Housing, Class A Certificates, Ser. I, Rev., FRDO, 4.40%, 09/07/00 4,840 ------- 7,870 Missouri -- 2.0% 7,335 Independence, Missouri, IDA, Multi-Family Housing, FLOATS, Ser. PT-314, Rev., FRDO, 4.40%, 09/07/00 7,335 3,400 Kansas City, Missouri, IDR, Livers Bronze Co. Project, Rev., FRDO, 4.45%, 09/07/00 3,400 880 Macon, Missouri, IDA, Health Care Realty Macon, Rev., FRDO, 4.40%, 09/01/00 880 1,600 Missouri Higher Education Loan Authority, Student Loan, Ser. B, Rev., FRDO, 4.40%, 09/06/00 1,600 700 Missouri State, Health & Educational Facilities Authority, Medical Research Facilities, Stowers Institute, Rev., FRDO, 4.20%, 09/07/00 700 3,500 Missouri State, Health & Educational Facilities Authority, School District, Advance Funding Program, Saint Charles R-6 School, Ser. J, GO, 4.25%, 09/19/00 3,501 1,900 Missouri State, Health & Educational Facilities Authority, School District, Advance Funding Program, Webster Groves School, Ser. K, GO, 4.25%, 09/19/00 1,900 8,915 Missouri State, Housing Development Commission, FLOATS, Ser. PT-223, Rev., FRDO, 4.50%, 09/01/00 8,915 4,000 Missouri State, Housing Development Commission, Ser. A-64, Rev., FRDO, 4.50%, 09/06/00 4,003 865 Osage Beach, Missouri, IDA, Health Care Realty Osage, Rev., FRDO, 4.40%, 09/01/00 865 ------- 33,099 Montana -- 0.2% 3,785 Montana State, Board of Housing, FLOATS, Ser. PT-356, Rev., FRDO, 4.38%, 09/07/00 3,785 Multiple States -- 0.5% 7,795 Koch Fixed Rate Trust, Variable States, FLOATS, Ser. PL-6A, Rev., FRDO, 4.39%, 09/01/00 7,795 Nebraska -- 0.1% 1,800 Sidney, Nebraska, IDR, Pennington Seed Inc. Project, Rev., FRDO, 4.35%, 09/06/00 1,800 Nevada -- 2.9% 1,600 Clark County, Nevada, Airport, Ser. B-2, Rev., FRDO, 4.25%, 09/06/00 1,600 1,745 Clark County, Nevada, School District, Building & Renovation, Ser. B, GO, 7.50%, 06/15/01 1,786 19,800 Eagle Tax Exempt Trust, Weekly Option Mode, Clark County, Ser. 98-2801, FRDO, #, 4.33%, 09/07/00 19,800 6,250 Nevada Housing Division, Multi-Unit Housing, Joshua Villas, Ser. E, Rev., FRDO, 4.40%, 09/07/00 6,250 4,435 Nevada Housing Division, Multi-Unit Housing, Judith Villas, Ser. C, Rev., FRDO, 4.40%, 09/07/00 4,435
See notes to financial statements. 33 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Nevada -- Continued $ 6,750 Nevada Housing Division, Multi-Unit Housing, Ser. A, Rev., FRDO, 4.40%, 09/07/00 $ 6,750 3,195 Nevada Housing Division, Multi-Unit Housing, Ser. M, Rev., FRDO, 4.40%, 09/07/00 3,195 4,400 Nevada State, Municipal Securities Trust Receipts, Ser. SGB-31, GO, FRDO, 4.33%, 09/07/00 4,400 ------- 48,216 New Hampshire -- 0.3% 1,540 New Hampshire State, Business Finance Authority, Industrial Facilities, Nickerson Assembly Co., Rev., FRDO, 4.50%, 09/06/00 1,540 3,870 New Hampshire State, Housing Finance Authority, Single Family Housing, FLOATS, Ser. PT-115, Rev., FRDO, 4.40%, 09/07/00 3,870 ------- 5,410 New Jersey -- 0.2% 2,700 New Jersey Economic Development Authority, Danic Urban Renewal, Rev., FRDO, 3.70%, 09/07/00 2,700 New Mexico -- 0.5% 3,000 New Mexico State, Hospital Equipment Loan Council, Pooled Loan Program, Ser. A, Rev., FRDO, 4.35%, 09/06/00 3,000 5,000 New Mexico State, Rev., TRAN, 5.00%, 06/29/01 5,028 ------- 8,028 New York -- 4.9% 1,235 Eagle Tax-Exempt Trust, Weekly Option Mode, Ser. 96C-4901, Class A, FRDO, #, 3.30%, 09/07/00 1,235 1,305 Fort Plain, New York, Central School District, GO, 4.75%, 06/15/01 1,308 15,560 IBM Tax Exempt Grantor Trust, IBM Project, FLOATS, Weekly Receipt, FRDO, 4.48%, 09/07/00 15,560 3,000 Jamestown, New York, City School District, GO, 4.90%, 06/15/01 3,009 1,520 Monroe County, New York, Airport Authority, FLOATS, Ser. PA-585, Rev., FRDO, 4.29%, 09/07/00 1,520 6,000 Municipal Securities Trust Certificates, Ser. 2000-92, Class A, GO, FRDO, #, 4.35%, 09/01/00 6,000 7,700 Municipal Securities Trust Certificates, Ser. 2000-93, Class A, Rev., FRDO, #, 4.35%, 09/01/00 7,701 16,300 Nassau County, New York, Ser. B, Tax Exempt Anticipation Note, GO, RAN, 6.00%, 03/20/01 16,432 8,900 New York City, New York, Trust Cultural Resources, American Museum of National History, Ser. B, Rev., FRDO, 4.58%, 07/01/01 8,900 3,000 New York State, Environmental Quality, Ser. G, GO, FRDO, 3.90%, 09/06/00 3,000 1,540 New York State, Job Development Authority, Ser. B-1 through B-21, Rev., FRDO, 4.40%, 09/01/00 1,540 1,020 Rome, New York, City School District, GO, 5.38%, 06/15/01 1,027 10,000 Suffolk County, New York, Floating Rate Trust Receipts, Ser. A-38, Regulation D, GO, FRDO, 4.50%, 09/06/00 10,000
See notes to financial statements. 34 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ New York -- Continued $ 4,200 Triborough Bridge & Tunnel Authority, New York, FLOATS, Ser. SG-41, Rev., FRDO, 4.24%, 09/07/00 $ 4,200 ------- 81,432 North Carolina -- 0.6% 2,000 Gaston County, North Carolina, Industrial Facilities & PCFA, Industrial Development, Quality Metal Project, Rev., FRDO, 4.40%, 09/07/00 2,000 900 Guilford County, North Carolina, Industrial Facilities & PCFA, Neal Manufacturing, Rev., FRDO, 4.40%, 09/07/00 900 5,000 Mecklenburg County, North Carolina, Public Improvement, Ser. C, GO, FRDO, 4.30%, 09/06/00 5,000 2,400 North Carolina, Medical Care Commission, Health Care Facilities, The Givens Estates Inc. Project, Rev., FRDO, 4.35%, 09/01/00 2,400 ------- 10,300 North Dakota -- 1.0% 16,000 North Dakota State, Housing Finance Agency, Housing Finance Program, Home Mortgage, Ser. D, Rev., @, 4.45%, 08/27/01 16,000 Ohio -- 1.0% 5,000 Columbus, Ohio, Ser. 1, GO, FRDO, 4.10%, 09/07/00 5,000 1,000 Ohio Housing Finance Agency, Residential Mortgage, Ser. A-2, Rev., 4.25%, 09/01/00 1,000 4,900 Ohio Housing Finance Agency, Residential Mortgage, Ser. C, Rev., +, 4.35%, 09/01/01 4,900 3,595 Ohio Housing Finance Agency, Single Family Mortgage, FLOATS, Ser. PT-71, Rev., FRDO, 4.40%, 09/07/00 3,667 1,000 Ohio State, Public Facilities Commission, Higher Education Capital Facilities, Ser. II-B, Rev., 4.50%, 11/01/00 1,000 1,330 Ohio State, Water Development Authority, Pollution Control Facilities, Water Control Loan Fund, State Match, Rev., 5.50%, 06/01/01 1,340 ------- 16,907 Oklahoma -- 0.6% 3,000 Oklahoma Development Finance Authority, Oklahoma Hospital Association, Ser. A, Rev., FRDO, 4.35%, 09/06/00 3,000 7,000 Oklahoma State, Water Resource Board, State Loan Program, Rev., FRDO, 4.05%, 03/01/01 7,000 ------- 10,000 Oregon -- 0.6% 5,240 Oregon State, Housing & Community Services Department, Single Family Mortgage Program, Ser. C, Rev., 4.25%, 03/29/01 5,240 1,900 Oregon State, Ser. 73-E, GO, FRDO, 4.15%, 09/06/00 1,900 3,470 Port Portland, Oregon, Airport, Ser. 7-A, Rev., -, 6.75%, 07/01/01 3,563 ------- 10,703
See notes to financial statements. 35 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Money Market Instruments -- Continued - ------------------------------------------------------------------------------------- Pennsylvania -- 1.5% $ 3,900 Butler County, Pennsylvania, Hospital Authority, North Hills Passavant Hospital, Ser. A, Rev., -, 7.00%, 06/01/01 $ 4,040 100 Delaware Valley, Pennsylvania, Regional Finance Authority, Local Government, Rev., FRDO, 4.30%, 09/06/00 100 500 Geisinger Authority, Pennsylvania, Health System, Penn State Geisinger Health, Ser. B, Rev., FRDO, 4.30%, 09/01/00 500 2,000 Harrisburg, Pennsylvania, Water Authority, Municipal Securities Trust Receipts, Ser. SGA-80, Rev., FRDO, 4.30%, 09/06/00 2,000 5,000 Pennsylvania State, Higher Education Assistance Agency, Student Loan, Ser. A, Rev., FRDO, 4.35%, 09/06/00 5,000 4,230 Philadelphia, Pennsylvania, IDA, Airport, FLOATS, Ser. PT-417, Rev., FRDO, 4.55%, 06/14/01 4,230 4,425 Philadelphia, Pennsylvania, Redevelopment Authority, Multi-Family Housing, Courts Project, Ser. A, Rev., FRDO, 4.30%, 09/07/00 4,425 5,000 Philadelphia, Pennsylvania, Ser. A, Rev., TRAN, @, 5.00%, 06/29/01 5,025 ------- 25,320 Rhode Island -- 0.3% 4,995 Rhode Island Refunding Bond Authority, State Public Projects, FLOATS, Ser. PT-419, Rev., 4.50%, 06/14/01 4,995 South Carolina -- 1.8% 4,000 Kershaw County, South Carolina, IDR, New South Inc. Project, Rev., FRDO, 4.30%, 09/07/00 4,000 2,000 South Carolina State, Public Service Authority, Municipal Trust Receipts, Ser. SG-32, Rev., FRDO, 4.33%, 09/07/00 2,003 4,500 South Carolina State, Public Service Authority, Ser. A, Rev., 4.50%, 01/01/01 4,504 18,800 South Carolina Transportation Infrastructure Bank, Floating Rate Trust Receipts, Ser. L-10, Regulation D, Rev., FRDO, 4.45%, 09/06/00 18,802 ------- 29,309 South Dakota -- 0.9% 14,595 South Dakota Housing Development Authority, FLOATS, Ser. PT-73, Rev., FRDO, 4.33%, 09/07/00 14,595 Tennessee -- 8.5% 16,125 Clarksville, Tennessee, Public Building Authority, Pooled Financing, Tennessee Municipal Bond Fund, Rev., FRDO, 4.25%, 09/07/00 16,125 5,995 Metropolitan Government Nashville & Davidson Counties, Tennessee, FLOATS, Ser. PT-394, Rev., FRDO, 4.45%, 09/07/00 5,995 2,500 Metropolitan Government of Nashville & Davidson Counties, Tennessee, Health & Education Facilities Board, Vanderbilt University, Ser. 85-A, Rev., FRDO, 4.15%, 01/15/01 2,500
See notes to financial statements. 36 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Money Market Instruments -- Continued - ------------------------------------------------------------------------------------- Tennessee -- Continued $ 7,500 Metropolitan Government of Nashville & Davidson Counties, Tennessee, Industrial Development Board, Country Music Hall of Fame, Rev., FRDO, 4.20%, 09/07/00 $ 7,500 1,500 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. II-A-1, Rev., FRDO, 4.30%, 09/07/00 1,500 2,500 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. II-A-2, Rev., FRDO, 4.30%, 09/07/00 2,500 4,000 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. II-D-2, Rev., FRDO, 4.30%, 09/07/00 4,000 9,400 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. II-D-2, Rev., FRDO, 4.30%, 09/07/00 9,400 1,160 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. II-D-3, Rev., FRDO, 4.30%, 09/07/00 1,160 6,800 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. III-C-5, Rev., FRDO, 4.30%, 09/07/00 6,800 1,600 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. III-D-3, Rev., FRDO, 4.30%, 09/07/00 1,600 5,000 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. III-E-2, Rev., FRDO, 4.30%, 09/07/00 5,000 2,500 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. III-E-3, Rev., FRDO, 4.30%, 09/07/00 2,500 5,500 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. III-G-2, Rev., FRDO, 4.30%, 09/07/00 5,500 7,600 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-1, Rev., FRDO, 4.35%, 09/01/00 7,600 5,000 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-3, Rev., FRDO, 4.35%, 09/01/00 5,000 7,000 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-A-3, Rev., FRDO, 4.35%, 09/01/00 7,000 4,700 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-B-12, Rev., FRDO, 4.35%, 09/01/00 4,700 5,200 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-B-5, Rev., FRDO, 4.35%, 09/01/00 5,200 4,500 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-B-9, Rev., FRDO, 4.35%, 09/01/00 4,500
See notes to financial statements. 37 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------------- Money Market Instruments -- Continued - -------------------------------------------------------------------------------------- Tennessee -- Continued $ 5,000 Sevier County, Tennessee, Public Building Authority, Local Government Public Improvement, Ser. IV-D-1, Rev., FRDO, 4.35%, 09/01/00 $ 5,000 6,200 Shelby County, Tennessee, Health, Educational & Housing Facilities Board, Baptist Health, Rev., FRDO, 4.45%, 01/18/01 6,200 5,465 Shelby County, Tennessee, Health, Educational & Housing Facilities Board, Educational Facilities, Rhodes College, Rev., FRDO, 4.25%, 09/07/00 5,465 300 Shelby County, Tennessee, Ser. A, GO, FRDO, 4.20%, 09/06/00 300 700 South Pittsburgh, Tennessee, Industrial Development Board, Lodge Manufacturing Co. Project, Rev., FRDO, 4.35%, 09/06/00 700 3,635 Tennessee Housing Development Agency, FLOATS, Ser. PA-726R, Rev., FRDO, 4.38%, 09/07/00 3,635 13,530 Tennessee, Housing Development Agency, FLOATS, Ser. PT-279, Rev., FRDO, 4.30%, 01/01/01 13,530 -------- 140,910 Texas -- 18.4% 1,500 Addison, Texas, GO, 6.25%, 09/01/00 1,500 2,000 Austin, Texas, Independent School District, GO, 5.20%, 08/01/01 2,014 1,135 Austin, Texas, Public Improvement, GO, 7.00%, 09/01/00 1,135 1,000 Brazos River Authority, Texas, PCR, TXU Electric Co., Ser. C, Rev., FRDO, 4.40%, 09/06/00 1,000 800 Brazos River Authority, Texas, PCR, Utilities Electric Co., Ser. B, Rev., FRDO, 4.40%, 09/01/00 800 9,200 Carroll, Texas, Independent School District, GO, FRDO, 4.20%, 09/07/00 9,200 6,200 City of El Paso, Texas, GO, 4.15%, 09/05/00 6,200 2,000 City of El Paso, Texas, GO, 4.40%, 09/07/00 2,000 8,200 Dallas County, Texas, Ser. C, GO, FRDO, 4.65%, 06/15/01 8,200 1,800 Dallas, Texas, Area Rapid Transit, North Central Light Rail, Rev., FRDO, 4.20%, 09/06/00 1,800 5,000 Dallas-Fort Worth, Texas, International Airport Facilities Improvement Corp., Flight Safety Project, Rev., FRDO, 4.40%, 09/07/00 5,000 1,855 Dallas-Fort Worth, Texas, Regional Airport, Municipal Securities Trust Receipts, Ser. SGA-49, Rev., FRDO, 4.35%, 09/01/00 1,855 5,000 Dallas-Fort Worth, Texas, Regional Airport, Ser. A-CR-103, Rev., FRDO, 4.35%, 02/01/01 5,000 5,000 Dallas-Fort Worth, Texas, Regional Airport, Ser. A-CR-104, Rev., FRDO, 4.35%, 02/01/01 5,000 4,500 Dallas-Fort Worth, Texas, Regional Airport, Ser. A-CR-107, Rev., FRDO, 4.35%, 02/01/01 4,500 16,100 Denton, Texas, Independent School District, GO, FRDO, 4.33%, 02/01/01 16,100 1,270 Denton, Texas, Utility Systems, Ser. A, Rev., 4.88%, 12/01/00 1,272 3,910 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 99-4302, #, FRDO, 4.33%, 09/07/00 3,910
See notes to financial statements. 38 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------ Texas -- Continued $ 8,400 Greater East Texas, Higher Education, Ser. B, Rev., FRDO, 3.85%, 09/07/00 $ 8,400 10,000 Greater Texas, Student Loan Corp., Student Loan, Ser. A, Rev., 4.22%, 02/01/01 10,000 3,000 Guadalupe Blanco River Authority, Texas, Industrial Development Corp., IDR, The BOC Group Inc. Project, Rev., FRDO, 4.30%, 09/07/00 3,000 5,000 Harlandale, Texas, Independent School District, Municipal Securities Trust Receipts, Ser. SGA-100, GO, FRDO, 4.40%, 09/06/00 5,000 1,520 Harris County, Texas, GO, @, 4.25%, 10/04/00 1,520 5,100 Harris County, Texas, GO, 4.25%, 10/05/00 5,100 7,900 Hays, Texas, Memorial Health Facilities Development Corp., Central Texas Medical Center Project, Ser. A, Rev., 4.30%, 09/07/00 7,900 10,000 Houston, Texas, Airport System, Rev., 4.30%, 10/11/00 10,000 1,400 Houston, Texas, Ser. A, GO, 4.35%, 01/11/01 1,400 3,000 Houston, Texas, Ser. B, GO, 4.30%, 11/28/00 3,000 5,000 Houston, Texas, Ser. C, GO, 4.30%, 11/28/00 5,000 10,000 Houston, Texas, Water & Sewer System, Rev., 4.30%, 11/09/00 10,000 2,930 Humble, Texas, Independent School District, GO, 6.50%, 02/15/01 2,960 3,900 Katy, Texas, Independent School District, Ser, A, GO, FRDO, 4.20%, 09/07/00 3,900 4,200 Longview, Texas, Industrial Corp., Collins Industries Inc. Project, Rev., FRDO, 4.45%, 09/07/00 4,200 5,000 Mesquite, Texas, Independent School District, GO, FRDO, 4.45%, 02/01/01 5,002 1,355 Midland, Texas, Independent School District, GO, FRDO, 4.20%, 09/07/00 1,355 30,000 North Central Texas, Health Facilities Development Corp., Rev., 4.35%, 12/12/00 29,999 4,700 Richardson, Texas, Independent School District, Ser. A, GO, FRDO, 4.20%, 09/07/00 4,700 7,190 San Angelo, Texas, Independent School District, GO, FRDO, 4.25%, 09/07/00 7,190 19,920 San Antonio, Texas, Electric & Gas, Municipal Securities Trust Receipts, Ser. SGA-48, Rev., FRDO, 4.30%, 09/06/00 19,920 5,000 San Antonio, Texas, Water Revenue, Municipal Securities Trust Receipts, Ser. SGA-42, Rev., FRDO, 4.30%, 09/06/00 5,000 3,830 Tarrant County, Texas, Housing Finance Corp, Multi-Family Housing, Remington Project, Rev., FRDO, 4.20%, 09/06/00 3,830 5,565 Texas State, Department of Housing & Community Affairs, Residential Mortgage, FLOATS, Ser. PA-743R, Rev., FRDO, 4.40%, 09/07/00 5,565 10,000 Texas State, Floating Rate Trust Receipts, Ser. A-18, Regulation D, Rev., FRDO, 4.45%, 09/01/00 10,000 12,000 Texas State, Floating Rate Trust Receipts, Ser. N-19, Regulation D, Rev., FRDO, 4.45%, 09/06/00 12,000
See notes to financial statements. 39 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------------- Money Market Instruments -- Continued - -------------------------------------------------------------------------------------- Texas -- Continued $ 4,945 Texas State, FLOATS, Ser. PT-1991, Rev., FRDO, 4.38%, 09/07/00 $ 4,945 5,000 Texas State, Rev., TRAN, 5.25%, 08/31/01 5,047 10,000 Texas State, Ser. 93-A, GO, 4.30%, 10/04/00 10,000 3,000 Texas State, Turnpike Authority, Dallas North Thruway, Floating Rate Receipts, Ser. SG-70, Rev., FRDO, 4.33%, 09/07/00 3,000 4,400 Texas State, Veteran's Housing Assistance, Ser. A-1, GO, FRDO, 4.50%, 09/06/00 4,400 13,290 University of Texas, Municipal Securities Trust Receipts, Ser. SGA-78, Rev., FRDO, 4.30%, 09/06/00 13,290 1,800 West Side Calhoun County, Texas, Naval District, Sewer & Solid Waste Disposal, BP Chemicals Inc. Project, Rev., FRDO, 4.45%, 09/01/00 1,800 -------- 304,909 Utah -- 0.4% 2,100 Utah State Board of Regents, Student Loan, Ser. C, Rev., FRDO, 4.30%, 09/06/00 2,100 5,000 Utah State, Housing Finance Agency, Single Family Mortgage, Ser. E-1, Rev., FRDO, 3.85%, 09/06/00 5,000 -------- 7,100 Virginia -- 1.9% 2,000 Harrisonburg, Virginia, Redevelopment & Housing Authority, Multi-Family Housing, Misty Ridge Project, Ser. A, Rev., FRDO, 4.30%, 09/07/00 2,000 4,870 King George County, Virginia, IDA, Exempt Facilities, Birchwood Power Partners, Ser. B, Rev., FRDO, 4.45%, 09/01/00 4,870 1,100 Lynchburg, Virginia, IDA, Hospital Facilities, First Mortgage, VHA Mid Atlantic/Cap, Ser. E, Rev., FRDO, 4.25%, 09/06/00 1,100 12,893 Norfolk, Virginia, Airport Authority, Rev., 4.35%, 01/16/01 12,893 800 Petersburg, Virginia, Hospital Authority, Hospital Facilities, Southside Regional, Rev., FRDO, 4.35%, 09/01/00 800 7,150 Roanoke, Virginia, IDA, Hospital, Carilion Health Systems, Ser. B, Rev., FRDO, 4.35%, 09/01/00 7,150 2,385 Spotsylvania County, Virginia, IDA, Residential Care Facilities, Chancellor's Village Project, Rev., FRDO, 4.25%, 09/07/00 2,385 -------- 31,198 Washington -- 5.5% 12,150 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. A, FRDO, #, 4.33%, 09/07/00 12,150 15,830 King County, Washington, FLOATS, Ser. PT-385, Rev., FRDO, 4.45%, 09/07/00 15,830 950 King County, Washington, Housing Authority, Auburn Court Apartments Project, Rev., FRDO, 4.40%, 09/07/00 950 2,000 Port Townsend, Washington, Industrial Development, Port Townsend Paper Corp., Ser. A, Rev., FRDO, 4.40%, 09/07/00 2,000
See notes to financial statements. 40 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------------- Money Market Instruments -- Continued - -------------------------------------------------------------------------------------- Washington -- Continued $ 1,050 Redmond, Washington, Public Corp., Industrial Revenue, Integrated Circuits Project, Rev., FRDO, 4.35%, 09/07/00 $ 1,050 1,275 Seattle, Washington, Housing Authority, Low Income Housing Assistance, Bayview Manor Project, Ser. B, Rev., FRDO, 4.15%, 09/07/00 1,275 8,955 Seattle, Washington, Municipal Light & Power, Municipal Securities Trust Receipts, Ser. SGA-96, Rev., FRDO, 4.35%, 09/01/00 8,956 11,450 Seattle, Washington, Municipal Light & Power, Rev., 4.20%, 10/19/00 11,450 15,715 Seattle, Washington, Water Systems, Municipal Securities Trust Receipts, Ser. SGA-90, Rev., FRDO, 4.30%, 09/06/00 15,715 7,020 Washington State, GO, 4.25%, 10/04/00 7,020 2,000 Washington State, Health Care Facilities Authority, Sisters of Providence, Rev., -, 8.25%, 10/01/00 2,046 1,000 Washington State, Housing Finance Commission, Non-Profit Housing, Golden Sands Project, Rev., FRDO, 4.25%, 09/01/00 1,000 3,000 Washington State, Housing Finance Commission, Single Family Program, Ser. 1-A-S, Rev., 4.20%, 02/01/01 3,000 2,500 Washington State, Housing Finance Commission, Single Family Program, Ser. 2-A-S, Rev., 4.40%, 04/01/01 2,500 4,000 Washington State, Public Power Supply System, Nuclear Project No. 1, Ser. A, Rev., -, 6.88%, 07/01/01 4,148 2,000 Washington State, Public Power Supply System, Nuclear Project No. 2, Ser. C, Rev., -, 7.50%, 01/01/01 2,060 ------- 91,150 West Virginia -- 0.3% 5,765 West Virginia State, Building Commission, FLOATS, Ser. PA-520, Rev., FRDO, 4.38%, 09/07/00 5,765 Wisconsin -- 3.5% 9,800 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 94-4904, FRDO, #, 4.35%, 09/07/00 9,800 1,550 Milwaukee County, Wisconsin, Airport, Ser. A, GO, 4.50%, 10/01/00 1,550 14,455 Municipal Securities Trust Certificates, Ser. 1999-70, Class A, Rev., FRDO, 4.30%, 09/06/00 14,455 3,250 Wisconsin Housing & Economic Development Authority, Home Ownership, Floating Rate Trust Receipts, Ser. 18, Rev., FRDO, 4.55%, 09/06/00 3,250 5,800 Wisconsin Public Power Inc. System, Power Supply System, Municipal Securities Trust Receipts, Ser. SGA-2, Rev., FRDO, 4.30%, 09/06/00 5,807 5,000 Wisconsin State, Clean Water, Ser. 1, Rev., -, 6.75%, 06/01/01 5,172 7,200 Wisconsin State, Health & Education Facilities Authority, Rev., 4.25%, 10/16/00 7,200 10,000 Wisconsin State, Transportation, Rev., 4.20%, 10/05/00 10,000 ------- 57,234
See notes to financial statements. 41 CHASE VISTA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------------ Money Market Instruments -- Continued - ------------------------------------------------------------------------------------------ Wyoming -- 0.6% $ 1,300 Lincoln County, Wyoming, PCR, Exxon Project, Ser. D, Rev., FRDO, 4.25%, 09/01/00 $ 1,300 7,860 Wyoming Community Development Authority, Housing, FLOATS, Ser. PT-195, Rev., FRDO, 4.38%, 09/07/00 7,860 ---------- 9,160 ---------- Total Municipal Securities 1,650,982 (Cost $1,650,982) - ------------------------------------------------------------------------------------------ Total Investments -- 100.2% $1,658,436 (Cost $1,658,436)* - ------------------------------------------------------------------------------------------
See notes to financial statements. 42 - -------------------------------------------------------------------------------- CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - 100.4% - ------------------------------------------------------------------------------------- New York -- 100.4% $ 21,402 ABN AMRO Munitops, Certificates Trust, New York, Ser. 1999-3, FRDO, #, 4.20%, 09/06/00 $21,402 12,000 ABN AMRO Munitops, Certificates Trust, New York, Ser. 1999-13, FRDO, #, 4.20%, 09/06/00 12,000 5,500 Albany, New York, City School District, GO, RAN, 5.00%, 10/25/00 5,502 5,000 Albany, New York, City School District, GO, TAN, 4.50%, 10/12/00 5,002 11,530 Albany, New York, GO, BAN, 5.00%, 08/03/01 11,564 590 Albany, New York, IDA, IDR, Newkirk Productions Inc. Project, Ser. A, Rev., FRDO, 4.15%, 09/07/00 590 8,000 Attica, New York, Central School District, GO, BAN, @, 5.00%, 04/18/01 8,024 8,915 Attica, New York, Central School District, GO, BAN, 5.00%, 06/15/01 8,937 1,600 Babylon, New York, IDA, IDR, Edwin Berger/Lambro Industries, Rev., FRDO, 4.15%, 09/06/00 1,600 9,400 Babylon, New York, IDA, Resource Recovery, OFS Equity Babylon Project, Rev., FRDO, 4.35%, 09/01/00 9,400 1,500 Beacon, New York, City School District, GO, RAN, 6.00%, 09/29/00 1,501 1,690 Beacon, New York, GO, BAN, 4.75%, 02/15/01 1,693 3,000 Beekmantown, New York, Central School District, GO, BAN, 5.00%, 06/29/01 3,011 7,500 Board of Cooperative Educational Services, New York, Sole Supervisory District, GO, RAN, 5.00%, 06/22/01 7,519 6,000 Board of Cooperative Educational Services, New York, Sole Supervisory District, GO, RAN, 5.00%, 06/27/01 6,019 9,620 Board of Cooperative Educational Services, New York, Sole Supervisory District, GO, RAN, 5.00%, 06/29/01 9,639 4,000 Board of Cooperative Educational Services, New York, Sole Supervisory District, GO, RAN, 5.25%, 06/22/01 4,014 795 Brockport, New York, Central School District, GO, 5.40%, 06/15/01 800 2,906 Brookhaven, New York, IDA, IDR, Waverly Association LLC, Rev., FRDO, 4.30%, 09/07/00 2,906 850 Broome County, New York, IDA, IDR, Binghamton Realty Project, Rev., FRDO, 4.10%, 09/06/00 850 7,000 Buffalo, New York, Ser. A, GO, BAN, 5.50%, 11/15/00 7,012 3,075 Camden, New York, Central School District, GO, RAN, 5.00%, 06/29/01 3,086 3,544 Carthage, New York, Central School District, GO, RAN, 5.00%, 06/22/01 3,552 2,670 Chautauqua County, New York, GO, BAN, 4.50%, 03/06/01 2,672 9,400 Chautauqua Lake, New York, Central School District, GO, BAN, 4.50%, 03/15/01 9,410 1,750 Chenango Forks, New York, Central School District, GO, BAN, 4.25%, 09/08/00 1,750 1,525 Chittenango, New York, Central School District, GO, RAN, 5.00%, 06/29/01 1,530 850 Corning, New York, GO, 4.70%, 09/01/00 850
See notes to financial statements. 43 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 5,000 Cortland, New York, City School District, GO, RAN, 5.00%, 06/29/01 $ 5,018 2,100 Dutchess County, New York, IDA, Civic Facility, Marist College, Ser. A, Rev., FRDO, 4.10%, 09/07/00 2,100 2,580 Dutchess County, New York, IDA, IDR, Laerdal Medical Corp. Project, Rev., FRDO, 4.30%, 09/06/00 2,580 1,130 Dutchess County, New York, Resource Recovery Agency, Solid Waste Systems, Ser. A, Rev., 4.45%, 01/01/01 1,131 10,000 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 94-3203, Class A, FRDO, #, 4.30%, 09/07/00 10,000 8,805 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 94-3205, Class A, FRDO, #, 4.30%, 09/07/00 8,805 9,910 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 94-3208, Class A, FRDO, #, 4.30%, 09/07/00 9,910 20,880 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 95-3202, Class A, FRDO, #, 4.30%, 09/07/00 20,880 18,900 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 95-3203, Class A, FRDO, #, 4.30%, 09/07/00 18,900 12,155 Eagle Tax Exempt Trust, Long Option Mode, Ser. 96-3207, Class A, FRDO, #, 4.15%, 09/07/00 12,155 11,000 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 96C-3203, Class A, FRDO, #, 4.30%, 09/07/00 11,000 14,850 Eagle Tax Exempt Trust, Weekly Option Mode, Ser. 96C-3208, Class A, FRDO, #, 4.30%, 09/07/00 14,850 8,200 Eastern Suffolk, New York, Board of Cooperative Educational Services District, GO, RAN, 5.00%, 06/28/01 8,223 650 Elba, New York, Central School District, GO, 5.50%, 06/15/01 653 2,700 Erie County, New York, Water Authority, Ser. A, Rev., FRDO, 4.10%, 09/06/00 2,700 400 Erie County, New York, Water Authority, Ser. B, Rev., FRDO, 4.10%, 09/06/00 400 4,000 Fredonia, New York, Central School District, GO, BAN, 4.75%, 02/08/01 4,008 595 Glens Falls, New York, IDA, IDR, Broad Street Center Project, Rev., FRDO, 4.25%, 09/06/00 595 1,955 Glenville, New York, GO, BAN, 5.00%, 07/13/01 1,961 4,210 Great Neck North, New York, Water Authority, Water System, Ser. A, Rev., FRDO, 4.25%, 09/06/00 4,210 300 Guilderland, New York, IDA, IDR, Northeastern Industrial Park, Ser. A, Rev., FRDO, 4.10%, 09/06/00 300 2,000 Hempstead, New York, IDA, IDR, Trigen-Nassau Energy, Rev., FRDO, 4.05%, 09/06/00 2,000 2,000 Hempstead, New York, Union Free School District, GO, TAN, 5.25%, 06/28/01 2,011 3,550 Hilton, New York, Central School District, GO, RAN, 5.00%, 04/26/01 3,559 1,890 Ilion, New York, Central School District, GO, BAN, 5.00%, 03/29/01 1,895 3,256 Ilion, New York, Central School District, GO, RAN, 5.00%, 06/29/01 3,268 2,000 Islip, New York, IDA, Brentwood Distribution Co. Facility, Rev., FRDO, 4.20%, 09/07/00 2,000
See notes to financial statements. 44 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - -------------------------------------------------------------------------------------- Municipal Securities - Continued - -------------------------------------------------------------------------------------- New York -- Continued $ 5,060 Lisbon, New York, Central School District, GO, BAN, 4.75%, 04/27/01 $ 5,068 8,780 Long Island Power Authority, New York, Electric Systems, Floating Rate Receipts, Ser. SG-125, Rev., FRDO, 4.29%, 09/07/00 8,780 5,000 Long Island Power Authority, New York, Electric Systems, FLOATS, Ser. PA-420, Rev., FRDO, 4.29%, 09/07/00 5,000 12,000 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 2, Rev., FRDO, 4.15%, 09/06/00 12,000 20,400 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 3, Rev., FRDO, 4.00%, 09/07/00 20,400 10,200 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 3, Rev., FRDO, 4.15%, 10/04/00 10,200 2,600 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 3, Rev., FRDO, 4.20%, 09/07/00 2,600 15,800 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 3, Rev., FRDO, 4.25%, 10/04/00 15,800 9,900 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 4, Rev., FRDO, 4.25%, 09/07/00 9,900 12,360 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 5, Rev., FRDO, 4.30%, 09/01/00 12,360 39,640 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 6, Rev., FRDO, 4.20%, 09/01/00 39,640 14,100 Long Island Power Authority, New York, Electric Systems, Sub. Ser. 7, Sub. Ser. 7-A, Rev., FRDO, 3.90%, 09/06/00 14,100 8,110 Longwood Central School District, Suffolk County, New York, GO, TAN, 5.00%, 06/29/01 8,132 2,900 Marlboro, New York, Central School District, GO, TAN, 4.50%, 11/17/00 2,901 3,985 Metropolitan Transportation Authority, New York, Commuter Facilities, Municipal Securities Trust Receipts, Ser. SGA-82, Rev., FRDO, 4.20%, 09/06/00 3,985 6,815 Metropolitan Transportation Authority, New York, Dedicated Tax Fund, FLOATS, Ser. PA-683, Rev., FRDO, 4.24%, 09/07/00 6,815 16,500 Metropolitan Transportation Authority, New York, Transportation Facilities, Rev., 4.15%, 11/01/00 16,500 14,500 Metropolitan Transportation Authority, New York, Transportation Facilities, Rev., 4.20%, 10/05/00 14,500 31,000 Metropolitan Transportation Authority, New York, Transportation Facilities, Special Obligation, Ser. CP-1, BAN, 4.00%, 09/05/00 31,000 4,400 Mexico, New York, Central School District, GO, RAN, 5.00%, 06/21/01 4,410 4,695 Middletown, New York, GO, BAN, 4.00%, 09/01/00 4,695 2,228 Milford, New York, Central School District, GO, BAN, 4.25%, 09/28/00 2,229 1,500 Monroe County, New York, IDA, Public Improvements, Canal Ponds Park, Ser. D, Rev., FRDO, 4.25%, 09/06/00 1,500 6,695 Municipal Securities Trust Certificates, Ser. 2000-89, Class A, Rev., FRDO, #, 4.35%, 09/01/00 6,695
See notes to financial statements. 45 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 18,620 New York City, New York, FLOATS, Ser. PA-442, GO, FRDO, 4.29%, 09/07/00 $18,620 9,245 New York City, New York, FLOATS, Ser. PT-405, GO, FRDO, 4.29%, 09/07/00 9,245 34,000 New York City, New York, FLOATS, Ser. PT-1038, GO, FRDO, 4.29%, 09/07/00 34,000 13,170 New York City, New York, Housing Development Corp., Multi-Family Housing, Columbus Apartments, Ser. A, Rev., FRDO, 4.10%, 09/06/00 13,170 8,500 New York City, New York, Housing Development Corp., Multi-Family Housing, James Tower Development, Ser. A, Rev., FRDO, 4.15%, 09/06/00 8,500 2,900 New York City, New York, Housing Development Corp., Multi-Family Housing, Spring Creek III Project, Ser. A, Rev., FRDO, 4.10%, 09/06/00 2,900 1,300 New York City, New York, Housing Development Corp., Multi-Family Housing, Sullivan Street Project, Ser. A, Rev., FRDO, 4.10%, 09/06/00 1,300 3,400 New York City, New York, Housing Development Corp., Multi-Family Rental Housing, 100 Jane Street Development, Ser. A, Rev., FRDO, 4.10%, 09/06/00 3,400 8,050 New York City, New York, Housing Development Corp., Multi-Family Rental Housing, Monterey, Ser. A, Rev., FRDO, 4.15%, 09/06/00 8,050 3,000 New York City, New York, Housing Development Corp., Multi-Family Rental Housing, One Columbus Place Development, Ser. A, Rev., FRDO, 4.10%, 09/06/00 3,000 2,000 New York City, New York, Housing Development Corp., Multi-Family Rental Housing, Tribeca Tower, Ser. A, Rev., FRDO, 4.10%, 09/06/00 2,000 3,000 New York City, New York, IDA, Civic Facility, Calhoun School Inc. Project, Rev., FRDO, 4.25%, 09/07/00 3,000 3,400 New York City, New York, IDA, IDR, DXB Videotape Inc. Project, Rev., FRDO, 4.15%, 09/06/00 3,400 500 New York City, New York, IDA, IDR, Rev., FRDO, 4.15%, 09/06/00 500 1,500 New York City, New York, IDA, IDR, Ser. K, Rev., FRDO, 4.15%, 09/06/00 1,500 1,300 New York City, New York, Municipal Securities Trust Receipts, Ser. SG-109, GO, FRDO, 4.29%, 09/07/00 1,300 3,605 New York City, New York, Municipal Securities Trust Receipts, Ser. SGA-63, GO, FRDO, 4.35%, 09/01/00 3,605 800 New York City, New York, Municipal Securities Trust Receipts, Ser. SGB-33, GO, FRDO, 4.30%, 09/07/00 800 12,865 New York City, New York, Municipal Securities Trust Receipts, Ser. SGB-36, GO, FRDO, 4.20%, 09/07/00 12,865 1,500 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, FLOATS, Ser. PA-454, Rev., FRDO, 4.24%, 09/07/00 1,500 3,000 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, FLOATS, Ser. PT-1032, Rev., FRDO, 4.60%, 09/07/00 3,000
See notes to financial statements. 46 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 9,685 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Municipal Securities Trust Receipts, Ser. SGA-12, Rev., FRDO, 4.20%, 09/06/00 $ 9,685 7,255 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Municipal Securities Trust Receipts, Ser. SGA-13, Rev., FRDO, 4.20%, 09/06/00 7,255 2,390 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Municipal Securities Trust Receipts, Ser. SGB-25, Rev., FRDO, 4.30%, 09/07/00 2,390 28,200 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Municipal Securities Trust Receipts, Ser. SGB-26, Rev., FRDO, 4.33%, 09/07/00 28,200 3,700 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Municipal Securities Trust Receipts, Ser. SGB-27, Rev., FRDO, 4.30%, 09/07/00 3,700 20,000 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Rev., 4.20%, 10/12/00 20,000 20,000 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Rev., 4.25%, 09/08/00 20,000 2,270 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Ser. A, Rev., -, 7.00%, 06/15/01 2,335 10,000 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Ser. A, Rev., FRDO, 4.35%, 09/01/00 10,000 5,000 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Ser. C, Rev., FRDO, 4.15%, 09/01/00 5,000 23,600 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Ser. C, Rev., FRDO, 4.20%, 09/01/00 23,600 18,200 New York City, New York, Municipal Water Finance Authority, Water & Sewer Systems, Ser. G, Rev., FRDO, 4.30%, 09/01/00 18,200 9,200 New York City, New York, Ser. B, GO, FRDO, 4.35%, 09/01/00 9,200 1,100 New York City, New York, Ser. B-1, Sub. Ser. B-8, GO, FRDO, 4.05%, 09/06/00 1,100 4,800 New York City, New York, Ser. B-2, Sub. Ser. B-3, GO, FRDO, 4.15%, 09/01/00 4,800 1,600 New York City, New York, Ser. B-2, Sub. Ser. B-5, GO, FRDO, 4.15%, 09/01/00 1,600 1,000 New York City, New York, Ser. F-3, GO, FRDO, 4.10%, 09/06/00 1,000 10,450 New York City, New York, Ser. F-5, GO, FRDO, 4.05%, 09/06/00 10,450
47 See notes to financial statements. CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 2,700 New York City, New York, Ser. J, Sub. Ser. J-2, GO, FRDO, 4.10%, 09/06/00 $ 2,700 2,300 New York City, New York, Sub. Ser. A-5, GO, FRDO, 4.15%, 09/01/00 2,300 3,000 New York City, New York, Sub. Ser. A-7, GO, FRDO, 4.30%, 09/01/00 3,000 4,100 New York City, New York, Sub. Ser. E-2, GO, FRDO, 4.30%, 09/01/00 4,100 3,000 New York City, New York, Sub. Ser. E-4, GO, FRDO, 4.30%, 09/01/00 3,000 12,350 New York City, New York, Sub. Ser. E-5, GO, FRDO, 4.30%, 09/01/00 12,350 5,000 New York City, New York, Transit Authority, Metropolitan Transportation Authority, Triborough, Floating Rate Trust Receipts, Ser. PMD-10, COP, FRDO, 4.19%, 09/07/00 5,000 29,900 New York City, New York, Transitional Finance Authority, Floating Rate Trust Receipts, Ser. A-16, Regulation D, Rev., FRDO, 4.45%, 09/01/00 29,900 35,100 New York City, New York, Transitional Finance Authority, Future Tax Secured, Ser. A-2, Rev., FRDO, 4.05%, 09/06/00 35,100 3,450 New York City, New York, Transitional Finance Authority, Municipal Securities Trust Receipts, Ser. SGA-74, Rev., FRDO, 4.35%, 09/01/00 3,450 4,995 New York City, New York, Transitional Finance Authority, PUTTERS, Ser. 129, FRDO, 4.23%, 09/07/00 4,995 5,000 New York City, New York, Transitional Finance Authority, Ser. 3, Rev., BAN, 4.75%, 11/01/00 5,005 3,700 New York City, New York, Trust Cultural Resources, American Museum of Natural History, Ser. B, Rev., FRDO, 4.10%, 09/06/00 3,700 2,672 New York City, New York, Trust Cultural Resources, Carnegie Hall, Rev., FRDO, 4.00%, 09/06/00 2,672 15,000 New York State, Dorm Authority, Floating Rate Trust Receipts, Class F, Ser. 2, Rev., FRDO, @, 4.31%, 09/07/00 15,000 9,645 New York State, Dorm Authority, FLOATS, Ser. PA-409, Rev., FRDO, 4.24%, 09/07/00 9,645 4,870 New York State, Dorm Authority, FLOATS, Ser. PA-419, Rev., FRDO, 4.24%, 09/07/00 4,870 8,425 New York State, Dorm Authority, FLOATS, Ser. PA-428, Rev., FRDO, 4.24%, 09/07/00 8,425 3,545 New York State, Dorm Authority, FLOATS, Ser. PA-449, Rev., FRDO, 4.24%, 09/07/00 3,545 4,670 New York State, Dorm Authority, FLOATS, Ser. PA-541, Rev., FRDO, 4.24%, 09/07/00 4,670 3,000 New York State, Dorm Authority, FLOATS, Ser. PA-640, Rev., FRDO, 4.24%, 09/07/00 3,000 990 New York State, Dorm Authority, FLOATS, Ser. PT-130, Rev., FRDO, 4.24%, 09/07/00 990 2,900 New York State, Dorm Authority, FLOATS, Ser. PT-1067, Rev., FRDO, 4.24%, 09/07/00 2,900 4,770 New York State, Dorm Authority, New York Public Library, Ser. A, Rev., FRDO, 4.05%, 09/06/00 4,770
See notes to financial statements. 48 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 2,500 New York State, Dorm Authority, Oxford University Press Inc., Rev., FRDO, 4.20%, 09/01/00 $ 2,500 6,100 New York State, Energy Research & Development Authority, Facilities, FLOATS, Ser. PA-411, Rev., FRDO, 4.24%, 09/07/00 6,100 5,000 New York State, Energy Research & Development Authority, PCR, Annual Tender, New York State Electric & Gas, Rev., FRDO, 4.20%, 03/15/01 5,000 2,755 New York State, Energy Research & Development Authority, PCR, New York State Electric & Gas, Ser. C, Rev., FRDO, 4.20%, 09/01/00 2,755 2,260 New York State, Energy Research & Development Authority, PCR, Niagara Mohawk Power Corp. Project, Ser. A, Rev., FRDO, 4.20%, 09/01/00 2,260 2,100 New York State, Energy Research & Development Authority, PCR, Niagara Mohawk Power Corp. Project, Ser. A, Rev., FRDO, 4.35%, 09/01/00 2,100 3,700 New York State, Energy Research & Development Authority, PCR, Niagara Mohawk Power Corp., Ser. B, Rev., FRDO, 4.15%, 09/01/00 3,700 10,200 New York State, Energy Research & Development Authority, PCR, Niagara Mohawk Power Corp., Ser. C, Rev., FRDO, 4.15%, 09/01/00 10,200 3,000 New York State, Energy Research & Development Authority, PCR, Rochester Gas & Electric Corp., Ser. B, Rev., FRDO, 4.20%, 09/06/00 3,000 1,200 New York State, Environmental Facilities Corp., OFS Equity Huntington Project, Rev., FRDO, 4.25%, 09/01/00 1,200 3,675 New York State, Environmental Facilities Corp., PCR, State Water Revolving Fund, Ser. E, Rev., 6.88%, 06/15/01 3,814 4,300 New York State, Environmental Quality, Ser. G, GO, FRDO, 3.90%, 09/06/00 4,300 17,850 New York State, Housing Finance Agency, 101 West End Ave. Housing, Ser. A, Rev., FRDO, 4.30%, 09/06/00 17,850 25,000 New York State, Housing Finance Agency, 150 East 44th Street Housing, Ser. A, Rev., FRDO, 4.30%, 09/06/00 25,000 5,700 New York State, Housing Finance Agency, 345 East 94th Street Housing, Ser. A, Rev., FRDO, 4.20%, 09/06/00 5,700 29,500 New York State, Housing Finance Agency, 750 Sixth Ave. Housing, Ser. A, Rev., FRDO, 4.05%, 09/06/00 29,500 5,400 New York State, Housing Finance Agency, East 39th Street Housing, Ser. A, Rev., FRDO, 4.05%, 09/06/00 5,400 2,495 New York State, Housing Finance Agency, FLOATS, Ser. PA-143, Rev., FRDO, 4.31%, 09/07/00 2,495 1,000 New York State, Housing Finance Agency, Liberty View, Ser. A, Rev., FRDO, 4.15%, 09/06/00 1,000 3,300 New York State, Housing Finance Agency, Multi-Family Housing, Ser. A, Rev., FRDO, 4.30%, 09/06/00 3,300 5,100 New York State, Housing Finance Agency, Residential, Ser. A, Rev., FRDO, 4.30%, 09/06/00 5,100 23,000 New York State, Housing Finance Agency, Ser. A, Rev., FRDO, 4.10%, 09/06/00 23,000
See notes to financial statements. 49 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 5,300 New York State, Housing Finance Agency, Service Contract Obligation, Ser. A, Rev., FRDO, 3.95%, 09/06/00 $ 5,300 10,000 New York State, Housing Finance Agency, Theatre Row Tower, Ser. A, Rev., FRDO, 4.10%, 09/06/00 10,000 20,900 New York State, Housing Finance Agency, Tribeca, Ser. A, Rev., FRDO, 4.05%, 09/06/00 20,900 21,400 New York State, Housing Finance Agency, Union Square South Housing, Rev., FRDO, 4.10%, 09/06/00 21,400 6,240 New York State, Job Development Authority, State Guaranteed, Ser. A-1 through A-21, Rev., FRDO, 4.40%, 09/01/00 6,240 5,295 New York State, Job Development Authority, State Guaranteed, Ser. A-1 through A-42, Rev., FRDO, 4.40%, 09/01/00 5,295 910 New York State, Job Development Authority, State Guaranteed, Ser. B-1 through B-9, Rev., FRDO, 4.40%, 09/01/00 910 4,670 New York State, Job Development Authority, State Guaranteed, Ser. B-1 through B-21, Rev., FRDO, 4.40%, 09/01/00 4,670 3,155 New York State, Job Development Authority, State Guaranteed, Special Purpose, Ser. A-1 through A-13, Rev., FRDO, 4.40%, 09/01/00 3,155 2,400 New York State, Job Development Authority, State Guaranteed, Special Purpose, Ser. A-1 through A-25, Rev., FRDO, 4.40%, 09/01/00 2,400 495 New York State, Job Development Authority, State Guaranteed, Special Purpose, Ser. B-1 through B-2, Rev., FRDO, 4.40%, 09/01/00 495 240 New York State, Job Development Authority, State Guaranteed, Special Purpose, Ser. B-1 Through B-9, Rev., FRDO, 4.40%, 09/01/00 240 5,800 New York State, Local Government Assistance Corp., Floating Rate Receipts, Ser. SG-99, Rev., FRDO, 4.24%, 09/07/00 5,800 20,000 New York State, Local Government Assistance Corp., FLOATS, Ser. PT-1040, Rev., FRDO, 4.60%, 09/07/00 20,000 14,400 New York State, Local Government Assistance Corp., Municipal Securities Trust Receipts, Ser. SGA-59, Rev., FRDO, 4.35%, 09/01/00 14,400 12,085 New York State, Local Government Assistance Corp., Ser. A, Rev., -, 7.25%, 04/01/01 12,529 24,880 New York State, Local Government Assistance Corp., Ser. A, Rev., FRDO, 4.00%, 09/06/00 24,880 1,030 New York State, Local Government Assistance Corp., Ser. B, Rev., -, 7.13%, 04/01/01 1,067 4,240 New York State, Local Government Assistance Corp., Ser. B, Rev., -, 7.25%, 04/01/01 4,396 7,900 New York State, Local Government Assistance Corp., Ser. B, Rev., -, 7.50%, 04/01/01 8,201 3,400 New York State, Local Government Assistance Corp., Ser. B, Rev., FRDO, 4.05%, 09/06/00 3,400
See notes to financial statements. 50 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 500 New York State, Local Government Assistance Corp., Ser. F, Rev., FRDO, 4.05%, 09/06/00 $ 500 1,500 New York State, Local Government Assistance Corp., Ser. G, Rev., FRDO, 4.10%, 09/06/00 1,500 8,200 New York State, Medical Care Facilities, Finance Agency, FLOATS, Ser. PA-113, Rev., FRDO, 4.24%, 09/07/00 8,200 7,845 New York State, Medical Care Facilities, Finance Agency, FLOATS, Ser. PT-17, Rev., FRDO, 4.24%, 09/07/00 7,845 8,805 New York State, Medical Care Facilities, Finance Agency, FLOATS, Ser. PT-100, Rev., FRDO, 4.24%, 09/07/00 8,805 5,425 New York State, Medical Care Facilities, Finance Agency, FLOATS, Ser. PT-109, Rev., FRDO, 4.24%, 09/07/00 5,425 8,355 New York State, Medical Care Facilities, Finance Agency, FLOATS, Ser. PT-145A, Rev., FRDO, 4.24%, 09/07/00 8,355 3,625 New York State, Medical Care Facilities, Finance Agency, North Shore University Hospital, Rev., -, 7.20%, 11/01/00 3,716 2,500 New York State, Mortgage Agency, FLOATS, Ser. PA-628, Rev., FRDO, 4.29%, 09/07/00 2,500 11,415 New York State, Mortgage Agency, FLOATS, Ser. PA-657, Rev., FRDO, 4.24%, 09/07/00 11,415 4,140 New York State, Mortgage Agency, FLOATS, Ser. PT-217, Rev., FRDO, 4.29%, 09/07/00 4,140 5,145 New York State, Mortgage Agency, FLOATS, Ser. PT-260, Rev., FRDO, 4.60%, 09/06/00 5,145 8,190 New York State, Mortgage Agency, FLOATS, Ser. PT-322, Rev., FRDO, 4.30%, 09/07/00 8,190 6,650 New York State, Mortgage Agency, FLOATS, Ser. PT-1190, Rev., FRDO, 4.24%, 09/07/00 6,650 200 New York State, Mortgage Agency, Homeowner Mortgage, Ser. 87, Rev., 3.80%, 10/01/00 200 165 New York State, Mortgage Agency, Homeowner Mortgage, Ser. 91, Rev., 4.00%, 10/01/00 165 810 New York State, Mortgage Agency, Homeowner Mortgage, Ser. 91, Rev., 4.15%, 04/01/01 810 200 New York State, Mortgage Agency, Homeowner Mortgage, Ser. 93, Rev., 4.00%, 10/01/00 200 210 New York State, Mortgage Agency, Homeowner Mortgage, Ser. 93, Rev., 4.15%, 04/01/01 210 11,000 New York State, Power Authority, Rev., 4.00%, 09/05/00 11,000 11,800 New York State, Power Authority, Rev., 4.20%, 10/02/00 11,800 7,300 New York State, Power Authority, Rev., 4.30%, 10/02/00 7,300 2,900 New York State, Power Authority, Ser. Y, Rev., -, 6.75%, 01/01/01 2,982 17,500 New York State, Ser. A, GO, FRDO, 4.05%, 02/01/01 17,500 34,605 New York State, Thruway Authority, Floating Rate Receipts, Ser. SG-119, FRDO, 4.40%, 09/01/00 34,605 11,415 New York State, Thruway Authority, FLOATS, Ser. PA-532, Rev., FRDO, 4.24%, 09/07/00 11,415 10,000 New York State, Thruway Authority, GO, BAN, 4.20%, 10/11/00 10,000
See notes to financial statements. 51 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 1,015 New York State, Thruway Authority, Municipal Securities Trust Receipts, Ser. SGA-66, Rev., FRDO, 4.20%, 09/06/00 $ 1,015 4,600 New York State, Thruway Authority, Service Contract, Local Highway & Bridge, Rev., -, 6.00%, 01/01/01 4,627 14,265 New York State, Thruway Authority, Service Contract, Local Highway & Bridge, Rev., -, 7.25%, 01/01/01 14,683 3,000 New York State, Urban Development Corp., Correctional Capital Facilities, Ser. 2, Rev., -, 7.50%, 01/01/01 3,090 3,900 New York State, Urban Development Corp., FLOATS, Ser. PA-429, Rev., FRDO, 4.24%, 09/07/00 3,900 1,000 Niagara County, New York, IDA, Solid Waste Disposal, American Refunding, Fuel Co., Ser. A, Rev., FRDO, 4.30%, 09/06/00 1,000 1,000 Niagara County, New York, IDA, Solid Waste Disposal, American Refunding, Fuel Co., Ser. B, Rev., FRDO, 4.40%, 09/06/00 1,000 4,995 Niagara Falls, New York, Bridge Commission, FLOATS, Ser. PA-530, Rev., FRDO, 4.24%, 09/07/00 4,995 9,500 Niagara Falls, New York, Bridge Commission, Ser. A, Rev., FRDO, 4.10%, 09/06/00 9,500 7,000 North Babylon, New York, Union Free School District, GO, TAN, 5.00%, 06/28/01 7,016 7,017 North Hempstead, New York, GO, BAN, 5.00%, 07/26/01 7,049 1,500 North Salem, New York, Central School District, GO, TAN, 4.75%, 02/28/01 1,503 4,000 Northern Adironadack Central School District, Ellenburg, New York, GO, BAN, 5.00%, 07/06/01 4,011 5,000 Ogdensburg, New York, Enlarged City School District, GO, RAN, 5.00%, 06/29/01 5,012 4,500 Oneonta, New York, City School District, GO, RAN, 5.00%, 06/15/01 4,508 1,780 Panama, New York, Central School District, GO, BAN, 5.00%, 08/15/01 1,786 7,800 Pawling, New York, Central School District, GO, BAN, 4.50%, 11/10/00 7,804 3,180 Port Authority of New York & New Jersey, Consolidated Bonds 117th Series, 1st Installment, Rev., 4.00%, 11/15/00 3,180 2,950 Port Authority of New York & New Jersey, Equipment Notes, Ser. 3, Rev., FRDO, 4.45%, 09/06/00 2,950 3,405 Port Authority of New York & New Jersey, FLOATS, Ser. PA-518, Rev., FRDO, 4.08%, 09/07/00 3,405 1,305 Port Jervis, New York, IDA, The Future Home Tech Inc., Rev., FRDO, 4.40%, 09/06/00 1,305 2,455 Pulaski, New York, Central School District, GO, RAN, 5.00%, 06/29/01 2,464 5,025 Riverhead, New York, Central School District, GO, TAN, 5.00%, 06/22/01 5,035 5,000 Rochester, New York, GO, BAN, 4.75%, 03/07/01 5,014 800 Rockland County, New York, IDA, IDR, X Products Corp. Project, Rev., FRDO, 4.20%, 09/07/00 800 2,290 Rockland County, New York, IDA, Shock Technical Inc. Project, Rev., FRDO, 4.30%, 09/06/00 2,290
See notes to financial statements. 52 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- New York -- Continued $ 10,000 Rome, New York, City School District, GO, RAN, 5.00%, 06/29/01 $10,018 8,158 Rondout Valley Central School District, Accord, New York, GO, BAN, +, 4.75%, 03/15/01 8,171 4,635 Roosevelt, New York, Union Free School District, GO, TAN, 5.25%, 06/28/01 4,640 12,215 Schenectady, New York, City School District, GO, RAN, 5.50%, 06/29/01 12,239 4,500 South Colonie, New York, Central School District, GO, RAN, 5.00%, 06/29/01 4,516 2,500 South Country Central School District, Brookhaven, New York, GO, TAN, 5.00%, 06/26/01 2,508 3,954 South Jefferson, New York, Central School District, GO, RAN, 5.00%, 06/20/01 3,963 1,000 St. Lawrence County, New York, IDA, PCR, Reynolds Metals, Rev., FRDO, 4.15%, 09/01/00 1,000 8,900 Suffolk County, New York, Floating Rate Trust Receipts, Ser. A-38, Regulation D, GO, FRDO, 4.50%, 09/06/00 8,900 2,400 Suffolk County, New York, Water Authority, BAN, FRDO, 4.20%, 09/06/00 2,400 6,400 Tompkins-Seneca-Tioga, New York, Board of Cooperative Educational Services, Sole Supervisory District, GO, RAN, 5.00%, 06/29/01 6,415 14,600 Triborough Bridge & Tunnel Authority, New York, Floating Rate Trust Receipts, Ser. N-15, Regulation D, Rev., FRDO, 4.40%, 09/06/00 14,600 1,475 Triborough Bridge & Tunnel Authority, New York, FLOATS, Ser. PA-200, Rev., FRDO, 4.24%, 09/07/00 1,475 4,995 Triborough Bridge & Tunnel Authority, New York, FLOATS, Ser. PA-665, Rev., FRDO, 4.29%, 09/07/00 4,995 2,000 Triborough Bridge & Tunnel Authority, New York, General Purpose, Ser. B, Rev., 4.75%, 01/01/01 2,003 4,050 Tully, New York, Central School District, GO, RAN, 5.00%, 06/29/01 4,064 3,300 Tupper Lake, New York, Central School District, GO, BAN, 5.00%, 02/23/01 3,309 11,019 Ulster County, New York, GO, BAN, 4.50%, 11/21/00 11,026 5,790 Union Endicott, New York, Central School District, GO, BAN, 4.50%, 01/18/01 5,797 5,000 Utica, New York, City School District, GO, RAN, 5.00%, 06/26/01 5,012 6,000 VRDC/IVRC Trust, Tax Exempt, Ser. 93-C, Rev., FRDO, #, 4.20%, 09/06/00 6,000 4,150 Westchester County, New York, IDA, Civic Facility, Northern Westchester Hospital, Rev., FRDO, 4.10%, 09/06/00 4,150 5,000 William Floyd, Union Free School District, Mastics- Moriches-Shirley, GO, BAN, 5.00%, 02/22/01 5,009 1,900 Yonkers, New York, IDA, Civic Facility, Consumers Union Facility, Rev., FRDO, 4.00%, 09/06/00 1,900
See notes to financial statements. 53 CHASE VISTA NEW YORK TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ---------------------------------------------------------------------------------------- Municipal Securities - Continued - ---------------------------------------------------------------------------------------- New York -- Continued $ 8,000 Yonkers, New York, IDA, Civic Facility, Sarah Lawrence College Project, Rev., FRDO, 4.25%, 09/06/00 $ 8,000 - ---------------------------------------------------------------------------------------- Total Investments -- 100.4% $1,837,991 (Cost $1,837,991)* - ----------------------------------------------------------------------------------------
See notes to financial statements. 54 - -------------------------------------------------------------------------------- CHASE VISTA CALIFORNIA TAX FREE MONEY MARKET FUND Portfolio of Investments - -------------------------------------------------------------------------------- As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - 99.4% - ------------------------------------------------------------------------------------- California -- 90.3% $ 1,000 ABAG Finance Authority for Nonprofit Corporations, California, Multi-Family Housing, Miramar Apartments, Ser. A, Rev., FRDO, 3.60%, 09/07/00 $1,000 1,000 California Community College Financing Authority, Ser. B, Rev., TRAN, 5.00%, 08/03/01 1,007 200 California Educational Facilities Authority, Stanford University, Ser. M, Rev., 5.25%, 12/01/00 201 500 California Educational Facilities Authority, University of San Francisco, Rev., FRDO, 3.40%, 09/06/00 500 835 California Educational Facilities Authority, University of Southern California, Ser. A, Rev., 5.60%, 10/01/00 836 1,700 California Housing Finance Agency, FLOATS, Ser. PA-539R, Rev., FRDO, 3.88%, 09/07/00 1,700 900 California Housing Finance Agency, Multi-Family Housing, Ser. B, Rev., FRDO, 3.35%, 09/01/00 900 1,610 California Infrastructure & Economic Development, IDR, Pleasant Mattress Inc. Project, Ser. A, Rev., FRDO, 3.85%, 09/06/00 1,610 400 California PCFA, PCR, Shell Oil Co. Project, Ser. A, Rev., FRDO, 3.55%, 09/01/00 400 300 California PCFA, Solid Waste Disposal, Shell Oil Co. Martinez Project, Ser. A, Rev., FRDO, 3.45%, 09/01/00 300 2,000 California State, Economic Development Financing Authority, IDR, Provena Foods Inc. Project, Rev., FRDO, 3.90%, 09/06/00 2,000 1,700 California State, Economic Development Financing Authority, IDR, Standard Abrasives Manufacturing Project, Rev., FRDO, 3.85%, 09/06/00 1,700 400 California State, Economic Development Financing Authority, IDR, Volk Enterprises Inc. Project, Rev., FRDO, 3.55%, 09/07/00 400 495 California State, FLOATS, Ser. PA-464, GO, FRDO, 3.88%, 09/07/00 495 800 California State, FLOATS, Ser. PT-1070, GO, FRDO, 3.88%, 09/07/00 800 900 California State, FLOATS, Ser. PT-1072, GO, FRDO, 3.88%, 09/07/00 900 100 California State, GO, 6.60%, 10/01/00 100 2,000 California State, Municipal Securities Trust Receipts, Ser. SGA-40, GO, FRDO, 3.72%, 09/06/00 2,000 2,800 California State, Municipal Securities Trust Receipts, Ser. SGA-55, GO, FRDO, #, 3.72%, 09/06/00 2,800 1,000 California Statewide Communities Development Authority, Ser. A, Rev., TRAN, 5.25%, 06/29/01 1,008 4,000 Central Valley Schools Financing Authority, California, Ser. A-45, FRDO, 4.00%, 09/06/00 4,001 1,325 County of Riverside, Teete, California, Rev., 3.90%, 09/13/00 1,325 750 East Bay, California, Regional Park District, Ser. B, GO, -, 6.30%, 09/01/00 765 250 Eastern Municipal Water District, California, COP, -, 7.00%, 11/01/00 251
See notes to financial statements. 55 CHASE VISTA CALIFORNIA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- California -- Continued $ 1,400 Irvine Ranch, California, Water District, Consolidated Bonds, Rev., FRDO, 3.60%, 09/01/00 $1,400 700 Irvine Ranch, California, Water District, Consolidated Bonds, Rev., FRDO, 3.60%, 09/01/00 700 400 Irvine, California, Improvement Bond Act of 1915, Assessment District No. 94-15, Special Assessment, Rev., FRDO, 3.60%, 09/01/00 400 100 Los Angeles County, California, Metropolitan Transportation Authority, Proposition C, Second Ser., Ser. A, Rev., FRDO, 3.50%, 09/07/00 100 1,000 Los Angeles County, California, Schools Pooled Financing Program, Pooled Transportation, Ser. A, COP, GO, 5.00%, 07/02/01 1,006 1,000 Los Angeles, California, Harbor Department, Floating Rate Trust Receipts, Ser. 7, Class F, Rev., FRDO, 3.88%, 09/07/00 1,000 700 M-S-R Public Power Agency, California, San Juan Project, Sub-Lien, Ser. E, Rev., FRDO, 3.50%, 09/07/00 700 2,000 Metropolitan Water District, Southern California, Rev., 4.05%, 12/14/00 2,000 500 Metropolitan Water District, Southern California, Waterworks, Rev., 5.10%, 07/01/01 503 500 Metropolitan Water District, Southern California, Waterworks, Ser. B, Rev., FRDO, 3.60%, 09/07/00 500 250 Milpitas, California, Unified School District, GO, 7.50%, 09/01/00 250 200 Modesto, California, Irrigation District Financing Authority, Ser. A, Rev., 4.70%, 10/01/00 200 1,000 Monrovia, California, Unified School District, Municipal Securities Trust Receipts, Ser. SGA-70, Rev., FRDO, 3.70%, 09/06/00 1,000 1,000 Moreno Valley, California, Unified School District, TRAN, 4.75%, 08/15/01 1,007 105 Mount Diablo, California, Hospital District, Ser. A, Rev., -, 6.13%, 12/01/00 108 650 Mount Diablo, California, Unified School District, GO, TRAN,, 4.50%, 01/19/01 652 3,000 Municipal Securities Trust Certificates, Ser. 1998-47, Class A, Rev., FRDO, #, 3.80%, 09/06/00 3,000 3,290 Municipal Securities Trust Certificates, Ser. 2000-95, Class A, Rev., FRDO, #, 3.90%, 09/01/00 3,290 600 Oakland, California, GO, TRAN, 4.25%, 09/29/00 600 1,000 Oakland-Alameda County, California, Coliseum Authority, Coliseum Project, Ser. C-1, Rev., FRDO, 3.65%, 09/06/00 1,000 100 Ontario, California, Redevelopment Agency, IDR, Safariland Project, Rev., FRDO, 4.10%, 09/06/00 100 250 Orange County, California, Local Transportation Authority, Sales Tax, First Ser., Measure M, Rev., 5.50%, 02/15/01 251 2,275 Orange County, California, Sanitation Districts No. 1-3, 5-7, 11, 13 & 14, COP, FRDO, 3.60%, 09/01/00 2,275
See notes to financial statements. 56 CHASE VISTA CALIFORNIA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- California -- Continued $ 2,440 Oxnard, California, Industrial Development Financing Authority, IDR, Accurate Engineering Project, Rev., FRDO, 3.85%, 09/06/00 $2,440 1,500 Pasadena, California, Rose Bowl Improvements Project, COP, FRDO, 3.65%, 09/06/00 1,500 450 Petaluma, California, City School District, GO, TRAN, 5.00%, 07/05/01 453 400 Pleasanton, California, Multi-Family Mortgage, Valley Plaza, Ser. A, Rev., FRDO, 3.50%, 09/06/00 400 700 Riverside County, California, IDA, Design Time Inc. Project, Ser. A-I, Rev., FRDO, 3.85%, 09/06/00 700 200 Riverside County, California, Public Financing Authority, Special Tax, Menifee Village Project, Senior Lien, Ser. A, Rev., 4.00%, 09/01/00 200 800 Sacramento County, California, Multi-Family Housing, Ser. C, Rev., FRDO, 3.45%, 09/07/00 800 550 San Bernardino County, California, Housing Authority, Multi-Family Housing, Victoria Terrace Project, Ser. A, Rev., FRDO, 3.60%, 09/07/00 550 90 San Bernardino County, California, IDA, Aqua-Service, Rev., FRDO, 4.35%, 09/06/00 90 90 San Bernardino County, California, IDA, Master Halco Inc., Ser. II, Rev., FRDO, 4.10%, 09/05/00 90 2,000 San Diego County, California, GO, 3.95%, 10/05/00 2,000 700 San Diego County, California, Multi-Family Housing, Country Hills, Ser. A, Rev., FRDO, 3.50%, 09/06/00 700 1,340 San Diego, California, Area Local Government, Ser. C, COP, TRAN, 4.50%, 09/29/00 1,341 300 San Diego, California, IDR, Kaiser Aerospace & Electric, Ser. A, Rev., FRDO, 3.85%, 09/07/00 300 250 San Diego, California, Unified School District, Ser. A, GO, TRAN, 4.25%, 09/29/00 250 300 San Francisco, California, City & County, Affordable Housing, Ser. D, GO, 7.38%, 06/15/01 307 300 San Francisco, California, City & County, Redevelopment Agency, Multi-Family Housing, 3rd & Mission, Ser. C, Rev., FRDO, 3.55%, 09/06/00 300 1,000 San Juan, California, Unified School District, Ser. A-41, Rev., FRDO, 4.00%, 09/06/00 1,000 500 Santa Ana, California, Unified School District, COP, FRDO, 3.50%, 09/06/00 500 250 Santa Barbara County, California, Ser. A, GO, TRAN, 4.25%, 09/29/00 250 625 Santa Clara County-El Camino, California, Hospital District, Hospital Facilities Authority, ACES, Lease, Valley Medical Center Project, Ser. B, Rev., FRDO, 3.35%, 09/05/00 625 490 Santa Cruz County, California, Redevelopment Agency, Live Oak/Soquel Project, Tax Allocation, 4.25%, 09/01/01 491 260 Simi Valley, California, Public Financing Authority, Rev., 4.00%, 09/01/00 260 500 Solano County, California, Ser. B, GO, TRAN, 4.50%, 12/15/00 501
See notes to financial statements. 57 CHASE VISTA CALIFORNIA TAX FREE MONEY MARKET FUND Portfolio of Investments (Continued) As of August 31, 2000 (Amounts in thousands)
Principal Amount Issuer Value - ------------------------------------------------------------------------------------- Municipal Securities - Continued - ------------------------------------------------------------------------------------- California -- Continued $ 460 Sonoma Valley, California, Unified School District, GO, 10.00%, 08/01/01 $ 484 600 Three Valleys Municipal Water District, California, Miramar Water Treatment, COP, FRDO, 3.70%, 09/06/00 600 122 Tustin, California, Improvement Bond Act of 1915, Reassessment District No. 95-2-A, Special Assessment, FRDO, 3.60%, 09/01/00 122 300 Union Sanitation District, California, Financing Authority, Sewer, Rev., 5.10%, 10/01/00 300 425 Upland, California, Community Redevelopment Agency, Multi-Family Housing, Northwoods Project, Ser. 168-A, Rev., FRDO, 3.75%, 09/07/00 425 1,500 Vacaville, California, Multi-Family Mortgage, Quail Run, Ser. A, Rev., 3.50%, 09/06/00 1,500 850 West Contra Costa, California, Unified School District, Rev., TRAN, 4.50%, 12/06/00 851 600 Western Riverside County, California, Regional Wastewater Authority, Regional Wastewater Treatment, Rev., FRDO, 3.60%, 09/01/00 600 ------- 69,971 Puerto Rico -- 9.0% 1,000 Municipal Securities Trust Certificates, Ser. 2000-91, Class A, Rev., FRDO, #, 3.90%, 09/01/00 1,000 600 Puerto Rico Commonwealth, FLOATS, Ser. PA-472, GO, FRDO, 3.88%, 09/07/00 600 1,000 Puerto Rico Commonwealth, FLOATS, Ser. PA-625, GO, FRDO, 3.88%, 09/07/00 1,000 1,000 Puerto Rico Commonwealth, FLOATS, Ser. PT-1025, GO, FRDO, 4.05%, 09/07/00 1,000 1,344 Puerto Rico Government Development Bank, 4.00%, 01/09/01 1,344 2,000 Puerto Rico Government Development Bank, 4.00%, 01/31/01 2,000 ------- 6,944 Virgin Islands -- 0.1% 100 Virgin Islands Public Finance Authority, Ser. A, Rev., -, 7.30%, 10/01/00 101 ---------------------------------------------------------- ------- Total Investments -- 99.4% $77,016 (Cost $77,016)* ----------------------------------------------------------
See notes to financial statements. 58 CHASE VISTA FUNDS Portfolio of Investments (Continued) As of August 31, 2000 INDEX: * -- The cost of securities is substantially the same for federal income tax purposes. # -- Security may only be sold to qualified institutional buyers. - - -- Security is prerefunded or escrowed to maturity. The maturity date shown is the date of the prerefunded call. + -- When issued or delayed delivery security. @ -- All or portion of this security is segregated for when issued or delayed delivery securities. ACES -- Auction Rate Securities. BAN -- Bond Anticipation Notes. COP -- Certificates of Participation. DN -- Discount Note. The rate shown is the effective yield at the date of purchase. Eagles -- Earnings of accrual generated on local exempt securities. ECN -- Extendible Commercial Note. The maturity date shown is the call date. The interest rate shown is the effective yield at the date of purchase. FHLMC -- Federal Home Loan Mortgage Corporation. FLOATS -- Floating Auction Tax Exempts. FRDO -- Floating Rate Demand Obligation. The maturity date shown is the next interest reset date. The interest rate shown is the rate in effect at August 31, 2000. FRN -- Floating Rate Note. The maturity date shown is the actual maturity date. The rate shown is the rate in effect at August 31, 2000. GIC -- Guaranteed Insurance Contract. GO -- General Obligation. IDA -- Industrial Development Authority. IDR -- Industrial Development Revenue. MTN -- Medium Term Note. PCFA -- Pollution Control Financing Authority. PCR -- Pollution Control Revenue. PUTTERS -- Putable Tax Exempt Receipts. RAN -- Revenue Anticipation Notes. Rev. -- Revenue Bond. Ser. -- Series. SUB -- Step-Up Bond. The maturity date shown is the call date. The interest rate shown is the rate in effect at August 31, 2000. TAN -- Tax Anticipation Notes. TRAN -- Tax & Revenue Anticipation Notes. USTR -- United States Treasury Notes, Bonds and Bills. See notes to financial statements. 59 - -------------------------------------------------------------------------------- STATEMENT OF ASSETS AND LIABILITIES August 31, 2000 - -------------------------------------------------------------------------------- (Amounts in Thousands, Except Per Share Amounts)
100% U.S. Treasury U.S. Securities Government Treasury Plus Money Market Money Market Money Market Fund Fund Fund - ------------------------------------------------------------------------------------------- ASSETS: Investment securities, at value (Note 1) .............................. $4,500,876 $7,235,019 $2,505,035 Cash .................................. -- 33 1 Other assets .......................... 31 48 17 Receivables: Investment securities sold ........... 1,492,428 -- 497,101 Interest ............................. 33,490 63,860 354 Fund shares sold ..................... -- 113 -- - ------------------------------------------------------------------------------------------- Total Assets ....................... 6,026,825 7,299,073 3,002,508 - ------------------------------------------------------------------------------------------- LIABILITIES: Payables: Investment securities purchased 1,496,252 100,000 498,751 Fund shares redeemed ................. 615 5,945 76 Dividends ............................ 4,481 18,117 3,357 Accrued liabilities: (Note 2) Investment advisory fees ............. 392 620 215 Administration fees .................. 235 434 129 Shareholder servicing fees ........... 1,112 1,225 373 Distribution fees .................... 69 367 111 Custody fees ......................... 63 99 36 Other ................................ 995 1,692 535 - ------------------------------------------------------------------------------------------- Total Liabilities .................. 1,504,214 128,499 503,583 - ------------------------------------------------------------------------------------------- NET ASSETS: Paid in capital ....................... 4,522,720 7,170,601 2,498,979 Accumulated undistributed (distributions in excess of) net investment income ..................... (119) (7) (60) Accumulated net realized gain (loss) on investment transactions ..... 10 (20) 6 - ------------------------------------------------------------------------------------------- Net Assets ......................... $4,522,611 $7,170,574 $2,498,925 - ------------------------------------------------------------------------------------------- Shares of beneficial interest outstanding ($.001 par value; unlimited number of shares authorized) Vista Shares .......................... 3,535,228 3,398,198 1,367,009 Premier Shares ........................ 115,844 1,134,019 228,106 Institutional Shares .................. 871,705 2,638,437 903,945 Net asset value, offering and redemption price per share (all classes) .......................... $ 1.00 $ 1.00 $ 1.00 - ------------------------------------------------------------------------------------------- Cost of investments .................... $4,500,876 $7,235,019 $2,505,035 - -------------------------------------------------------------------------------------------
See notes to financial statements. 60 STATEMENT OF ASSETS AND LIABILITIES August 31, 2000 (Amounts in Thousands, Except Per Share Amounts)
Federal Cash Prime Money Market Management Money Market Fund Fund Fund - ------------------------------------------------------------------------------------------- ASSETS: Investment securities, at value (Note 1) ............................ $1,138,779 $11,023,038 $13,044,137 Cash ................................ -- 1,310 285 Other assets ........................ 7 71 71 Receivables: Interest ........................... 6,078 65,028 59,962 Fund shares sold ................... 67 2,480 -- - ------------------------------------------------------------------------------------------- Total Assets ..................... 1,144,931 11,091,927 13,104,455 - ------------------------------------------------------------------------------------------- LIABILITIES: Payables: Investment securities purchased -- -- 325,236 Fund shares redeemed ............... 9 4,191 160 Dividends .......................... 1,738 6,948 16,573 Accrued liabilities: (Note 2) Investment advisory fees ........... 96 926 1,032 Administration fees ................ 96 834 929 Shareholder servicing fees ......... 225 2,260 1,020 Distribution fees .................. 48 -- 7 Custody fees ....................... 24 34 98 Other .............................. 541 2,157 2,098 - ------------------------------------------------------------------------------------------- Total Liabilities ................ 2,777 17,350 347,153 - ------------------------------------------------------------------------------------------- NET ASSETS: Paid in capital ..................... 1,142,234 11,075,522 12,757,495 Accumulated undistributed (distributions in excess of) net investment income ................... (48) (85) (131) Accumulated net realized loss on investment transactions .......... (32) (860) (62) - ------------------------------------------------------------------------------------------- Net Assets ....................... $1,142,154 $11,074,577 $12,757,302 - ------------------------------------------------------------------------------------------- Shares of beneficial interest outstanding ($.001 par value; unlimited number of shares authorized) Vista Shares ........................ 576,606 7,345,958 1,478,706 Premier Shares ...................... 278,840 425,636 1,841,212 Institutional Shares ................ 286,779 3,303,869 9,426,519 Reserve Shares ...................... 1 -- 1 B Shares* ........................... -- -- 10,941 C Shares* ........................... -- -- 44 Net asset value, offering and redemption price per share (all classes) ........................ $ 1.00 $ 1.00 $ 1.00 - ------------------------------------------------------------------------------------------- Cost of investments .................. $1,138,779 $11,023,038 $13,044,137 - -------------------------------------------------------------------------------------------
*Redemption price may be reduced by contingent deferred sales charge. See notes to financial statements. 61 STATEMENT OF ASSETS AND LIABILITIES August 31, 2000 (Amounts in Thousands, Except Per Share Amounts)
New York California Tax Free Tax Free Tax Free Money Market Money Market Money Market Fund Fund Fund - ------------------------------------------------------------------------------------------- ASSETS: Investment securities, at value (Note 1) ............................ $1,658,436 $1,837,991 $77,016 Cash ................................ 2,417 7 16 Other assets ........................ 12 12 1 Receivables: Interest ........................... 11,886 14,074 711 Fund shares sold ................... 8 287 1 - ------------------------------------------------------------------------------------------- Total Assets ..................... 1,672,759 1,852,371 77,745 - ------------------------------------------------------------------------------------------- LIABILITIES: Payables: Investment securities purchased 14,020 18,230 -- Fund shares redeemed ............... -- 60 -- Dividends .......................... 2,656 1,584 137 Accrued liabilities: (Note 2) Investment advisory fees ........... 143 155 6 Administration fees ................ 143 78 6 Shareholder servicing fees ......... 204 544 10 Distribution fees .................. 75 62 3 Custody fees ....................... 38 23 17 Other .............................. 816 423 47 - ------------------------------------------------------------------------------------------- Total Liabilities ................ 18,095 21,159 226 - ------------------------------------------------------------------------------------------- NET ASSETS: Paid in capital ..................... 1,655,095 1,831,154 77,536 Accumulated undistributed (distributions in excess of) net investment income ............... 23 60 (3) Accumulated net realized loss on investment transactions .......... (454) (2) (14) - ------------------------------------------------------------------------------------------- Net Assets ....................... $1,654,664 $1,831,212 $77,519 - ------------------------------------------------------------------------------------------- Shares of beneficial interest outstanding ($.001 par value; unlimited number of shares authorized) .......................... Vista Shares ........................ 894,544 1,831,255 77,535 Premier Shares ...................... 119,999 -- -- Institutional Shares ................ 640,573 -- -- Reserve Shares ...................... 1 1 -- Net asset value, offering and redemption price per share (all classes) ........................ $ 1.00 $ 1.00 $ 1.00 - ------------------------------------------------------------------------------------------- Cost of investments .................. $1,658,436 $1,837,991 $77,016 - -------------------------------------------------------------------------------------------
See notes to financial statements. 62 - -------------------------------------------------------------------------------- STATEMENT OF OPERATIONS For the year ended August 31, 2000 - -------------------------------------------------------------------------------- (Amounts in Thousands)
100% U.S. Treasury U.S. Securities Government Treasury Plus Money Market Money Market Money Market Fund Fund Fund - ------------------------------------------------------------------------------------------- INTEREST INCOME: (Note 1C) ............... $237,313 $433,744 $155,272 - ------------------------------------------------------------------------------------------- EXPENSES: (Note 2) Investment advisory fees ................ 4,308 7,316 2,714 Administration fees ..................... 4,308 7,316 2,714 Shareholder servicing fees .............. 12,816 17,899 6,982 Distribution fees ....................... 3,359 4,681 1,505 Custodian fees .......................... 317 501 237 Printing and postage .................... 44 44 28 Professional fees ....................... 138 204 98 Registration expenses ................... 947 530 813 Transfer agent fees ..................... 677 736 222 Trustees' fees .......................... 215 366 136 Other ................................... 54 84 84 - ------------------------------------------------------------------------------------------- Total expenses ........................ 27,183 39,677 15,533 - ------------------------------------------------------------------------------------------- Less amounts waived (Note 2E) ........... 4,777 6,694 2,854 Less earnings credits (Note 2F) ......... 35 81 122 - ------------------------------------------------------------------------------------------- Net expenses .......................... 22,371 32,902 12,557 - ------------------------------------------------------------------------------------------- Net investment income ................. 214,942 400,842 142,715 - ------------------------------------------------------------------------------------------- REALIZED GAIN (LOSS) ON INVESTMENTS: Net realized gain on investment transactions ................. 183 25 7 - ------------------------------------------------------------------------------------------- Net increase in net assets from operations .............................. $215,125 $400,867 $142,722 - -------------------------------------------------------------------------------------------
See notes to financial statements. 63 - -------------------------------------------------------------------------------- STATEMENT OF OPERATIONS For the year ended August 31, 2000 - -------------------------------------------------------------------------------- (Amounts in Thousands)
Federal Cash Prime Money Market Management Money Market Fund Fund Fund - ------------------------------------------------------------------------------------------- INTEREST INCOME: (Note 1C) ............... $66,574 $578,841 $649,782 - ------------------------------------------------------------------------------------------- EXPENSES: (Note 2) Investment advisory fees ................ 1,136 9,412 10,633 Administration fees ..................... 1,136 9,412 10,633 Shareholder servicing fees .............. 2,980 26,121 15,284 Distribution fees ....................... 570 -- 166 Custodian fees .......................... 123 424 618 Printing and postage .................... 12 84 134 Professional fees ....................... 64 288 304 Registration expenses ................... 90 1,492 1,507 Transfer agent fees ..................... 481 1,937 481 Trustees' fees .......................... 57 471 534 Other ................................... 7 265 262 - ------------------------------------------------------------------------------------------- Total expenses ........................ 6,656 49,906 40,556 - ------------------------------------------------------------------------------------------- Less amounts waived (Note 2E) ........... 486 3,201 6,582 Less earnings credits (Note 2F) ......... 46 155 129 - ------------------------------------------------------------------------------------------- Net expenses .......................... 6,124 46,550 33,845 - ------------------------------------------------------------------------------------------- Net investment income ................. 60,450 532,291 615,937 - ------------------------------------------------------------------------------------------- REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: Net realized loss on investment transactions ................. (24) (247) (60) Change in net unrealized appreciation/depreciation of investments .......................... -- 1,650 3,884 - ------------------------------------------------------------------------------------------- Net realized and unrealized gain (loss) on investments ................... (24) 1,403 3,824 - ------------------------------------------------------------------------------------------- Net increase in net assets from operations .............................. $60,426 $533,694 $619,761 - -------------------------------------------------------------------------------------------
See notes to financial statements. 64 STATEMENT OF OPERATIONS For the year ended August 31, 2000 (Amounts in Thousands)
New York California Tax Free Tax Free Tax Free Money Market Money Market Money Market Fund Fund Fund - ------------------------------------------------------------------------------------------- INTEREST INCOME: (Note 1C) ............... $61,421 $63,637 $2,260 - ------------------------------------------------------------------------------------------- EXPENSES: (Note 2) Investment advisory fees ................ 1,565 1,664 63 Administration fees ..................... 1,565 1,664 63 Shareholder servicing fees .............. 3,876 5,824 221 Distribution fees ....................... 843 1,664 63 Custodian fees .......................... 215 202 82 Printing and postage .................... 65 38 1 Professional fees ....................... 77 71 29 Registration expenses ................... 852 20 2 Transfer agent fees ..................... 213 378 34 Trustees' fees .......................... 78 83 3 Other ................................... 106 66 7 - ------------------------------------------------------------------------------------------- Total expenses ........................ 9,455 11,674 568 - ------------------------------------------------------------------------------------------- Less amounts waived (Note 2E) ........... 2,046 1,782 212 Less earnings credits (Note 2F) ......... 171 74 8 - ------------------------------------------------------------------------------------------- Net expenses .......................... 7,238 9,818 348 - ------------------------------------------------------------------------------------------- Net investment income ................. 54,183 53,819 1,912 - ------------------------------------------------------------------------------------------- REALIZED GAIN (LOSS) ON INVESTMENTS: Net realized gain (loss) on investment transactions .............. (60) 60 -- - ------------------------------------------------------------------------------------------- Net increase in net assets from operations .............................. $54,123 $53,879 $1,912 - -------------------------------------------------------------------------------------------
See notes to financial statements. 65 - -------------------------------------------------------------------------------- STATEMENT OF CHANGES IN NET ASSETS For the year ended August 31, - -------------------------------------------------------------------------------- (Amounts in Thousands)
100% U.S. Treasury Securities U.S. Government Money Market Money Market Fund Fund 2000 1999 2000 1999 - ------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income ........... $ 214,942 $ 187,621 $ 400,842 $ 335,206 Net realized gain on investments .................. 183 2,072 25 27 - ------------------------------------------------------------------------------------------------------- Increase in net assets from operations ................ 215,125 189,693 400,867 335,233 - ------------------------------------------------------------------------------------------------------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income ........... (214,925) (187,727) (400,848) (335,181) Net realized gain on investment transactions ......... (200) (2,956) -- -- - ------------------------------------------------------------------------------------------------------- Total distributions to shareholders ................... (215,125) (190,683) (400,848) (335,181) - ------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) FROM CAPITAL SHARE TRANSACTIONS: # Proceeds from shares issued Vista Shares ................... 12,269,163 13,705,921 21,070,138 16,404,385 Premier Shares ................. 398,033 152,506 7,472,951 7,944,261 Institutional Shares ........... 5,690,875 5,004,382 24,558,779 23,799,456 - ------------------------------------------------------------------------------------------------------- 18,358,071 18,862,809 53,101,868 48,148,102 - ------------------------------------------------------------------------------------------------------- Proceeds from reinvestment of dividends Vista Shares ................... 127,472 112,062 99,652 74,078 Premier Shares ................. 3,353 1,084 30,191 25,108 Institutional Shares ........... 32,950 27,526 78,208 79,090 - ------------------------------------------------------------------------------------------------------- 163,775 140,672 208,051 178,276 - ------------------------------------------------------------------------------------------------------- Cost of shares redeemed Vista Shares ................... (12,174,395) (13,555,840) (21,310,059) (15,973,405) Premier Shares ................. (309,408) (151,462) (7,291,128) (8,130,974) Institutional Shares ........... (5,746,903) (5,932,433) (24,911,228) (23,763,028) - ------------------------------------------------------------------------------------------------------- (18,230,706) (19,639,735) (53,512,415) (47,867,407) - ------------------------------------------------------------------------------------------------------- Net increase (decrease) from capital share transactions ................... 291,140 (636,254) (202,496) 458,971 - ------------------------------------------------------------------------------------------------------- Total increase (decrease) in net assets ........................ 291,140 (637,244) (202,477) 459,023 NET ASSETS: Beginning of period ............. 4,231,471 4,868,715 7,373,051 6,914,028 - ------------------------------------------------------------------------------------------------------- End of period ................... $ 4,522,611 $ 4,231,471 $ 7,170,574 $ 7,373,051 - -------------------------------------------------------------------------------------------------------
# At $1.00 per share. See notes to financial statements. 66 STATEMENT OF CHANGES IN NET ASSETS For the year ended August 31, (Amounts in Thousands)
Treasury Plus Federal Money Market Money Market Fund Fund 2000 1999 2000 1999 - ------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income ........... $ 142,715 $ 125,763 $ 60,450 $ 46,821 Net realized gain (loss) on investments .................. 7 789 (24) 95 - ------------------------------------------------------------------------------------------------------- Increase in net assets from operations ................ 142,722 126,552 60,426 46,916 - ------------------------------------------------------------------------------------------------------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income ........... (142,713) (125,782) (60,450) (46,814) Net realized gain on investment transactions ......... (62) (798) -- (112) - ------------------------------------------------------------------------------------------------------- Total distributions to shareholders ................... (142,775) (126,580) (60,450) (46,926) - ------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) FROM CAPITAL SHARE TRANSACTIONS: # Proceeds from shares issued Vista Shares ................... 10,985,282 13,476,115 1,370,953 1,297,509 Premier Shares ................. 2,838,587 2,362,876 373,817 372,508 Institutional Shares ........... 9,562,850 12,537,826 2,941,384 3,327,807 Reserve Shares* ................ -- -- 1 -- - ------------------------------------------------------------------------------------------------------- 23,386,719 28,376,817 4,686,155 4,997,824 - ------------------------------------------------------------------------------------------------------- Proceeds from reinvestment of dividends Vista Shares ................... 54,114 41,118 22,852 18,183 Premier Shares ................. 5,041 3,990 13,241 11,931 Institutional Shares ........... 36,706 35,134 4,454 5,462 Reserve Shares* ................ -- -- -- -- - ------------------------------------------------------------------------------------------------------- 95,861 80,242 40,547 35,576 - ------------------------------------------------------------------------------------------------------- Cost of shares redeemed Vista Shares ................... (11,406,802) (13,099,202) (1,367,229) (1,124,759) Premier Shares ................. (3,091,819) (2,046,068) (406,427) (399,355) Institutional Shares ........... (9,674,902) (12,469,834) (2,907,355) (3,282,935) Reserve Shares* ................ -- -- -- -- - ------------------------------------------------------------------------------------------------------- (24,173,523) (27,615,104) (4,681,011) (4,807,049) - ------------------------------------------------------------------------------------------------------- Net increase (decrease) from capital share transactions ................... (690,943) 841,955 45,691 226,351 - ------------------------------------------------------------------------------------------------------- Total increase (decrease) in net assets .................... (690,996) 841,927 45,667 226,341 NET ASSETS: Beginning of period ............. 3,189,921 2,347,994 1,096,487 870,146 - ------------------------------------------------------------------------------------------------------- End of period ................... $ 2,498,925 $ 3,189,921 $1,142,154 $1,096,487 - -------------------------------------------------------------------------------------------------------
# At $1.00 per share. * Reserve Shares commencement of offering, 7/31/00. See notes to financial statements. 67 STATEMENT OF CHANGES IN NET ASSETS For the year ended August 31, (Amounts in Thousands)
Prime Cash Management Money Market Fund Fund 2000 1999 2000 1999 - -------------------------------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income .................................. $ 532,291 $ 317,595 $ 615,937 $ 382,831 Net realized gain (loss) on investments ......................................... (247) (329) (60) 327 Change in net unrealized appreciation/depreciation of investments ......................................... 1,650 (1,650) 3,884 (3,884) - -------------------------------------------------------------------------------------------------------------------------------- Increase in net assets from operations ....................................... 533,694 315,616 619,761 379,274 - -------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income .................................. (532,279) (317,818) (615,944) (382,895) Net realized gain on investment transactions ................................ -- (117) (121) (271) - -------------------------------------------------------------------------------------------------------------------------------- Total distributions to shareholders .......................................... (532,279) (317,935) (616,065) (383,166) - -------------------------------------------------------------------------------------------------------------------------------- INCREASE (DECREASE) FROM CAPITAL SHARE TRANSACTIONS: # Proceeds from shares issued Vista Shares* ......................................... 29,721,636 26,474,726 7,131,346 1,051,476 Premier Shares ........................................ 4,224,828 4,894,950 13,034,051 11,380,971 Institutional Shares .................................. 15,577,944 10,132,124 82,896,178 61,694,665 Reserve Shares** ...................................... -- -- 1 -- B Shares .............................................. -- -- 135,290 143,459 C Shares .............................................. -- -- 7,817 4,653 - -------------------------------------------------------------------------------------------------------------------------------- 49,524,408 41,501,800 103,204,683 74,275,224 - -------------------------------------------------------------------------------------------------------------------------------- Proceeds from reinvestment of dividends Vista Shares* ......................................... 301,792 187,928 39,797 4,244 Premier Shares ........................................ 19,160 16,857 37,777 24,988 Institutional Shares .................................. 138,122 63,365 352,349 229,886 Reserve Shares** ...................................... -- -- -- -- B Shares .............................................. -- -- 806 771 C Shares .............................................. -- -- 8 5 - -------------------------------------------------------------------------------------------------------------------------------- 459,074 268,150 430,737 259,894 - -------------------------------------------------------------------------------------------------------------------------------- Cost of shares redeemed Vista Shares* ......................................... (28,358,265) (24,623,550) (6,207,576) (540,581) Premier Shares ........................................ (4,280,942) (4,864,551) (12,325,229) (10,901,491) Institutional Shares .................................. (13,959,695) (9,707,967) (81,986,141) (58,482,409) Reserve Shares** ...................................... -- -- -- -- B Shares .............................................. -- -- (161,484) (136,601) C Shares .............................................. -- -- (7,925) (4,584) - -------------------------------------------------------------------------------------------------------------------------------- (46,598,902) (39,196,068) (100,688,355) (70,065,666) - -------------------------------------------------------------------------------------------------------------------------------- Net increase from capital share transactions .......................................... 3,384,580 2,573,882 2,947,065 4,469,452 - -------------------------------------------------------------------------------------------------------------------------------- Total increase in net assets ........................................... 3,385,995 2,571,563 2,950,761 4,465,560 NET ASSETS: Beginning of period .................................... 7,688,582 5,117,019 9,806,541 5,340,981 - -------------------------------------------------------------------------------------------------------------------------------- End of period .......................................... $11,074,577 $ 7,688,582 $ 12,757,302 $ 9,806,541 - --------------------------------------------------------------------------------------------------------------------------------
# At $1.00 per share. * PRM Vista Shares commencement of offering, 10/1/98. ** Reserve Shares commencement of offering, 7/31/00. See notes to financial statements. 68 STATEMENT OF CHANGES IN NET ASSETS For the year ended August 31, (Amounts in Thousands)
Tax Free New York Tax Free Money Market Money Market Fund Fund 2000 1999 2000 1999 - ------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income ......... $ 54,183 $ 36,759 $ 53,819 $ 37,793 Net realized gain (loss) on investments ................ (60) 59 60 61 - ------------------------------------------------------------------------------------------------- Increase in net assets from operations .............. 54,123 36,818 53,879 37,854 - ------------------------------------------------------------------------------------------------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income ......... (54,097) (36,827) (53,800) (37,841) - ------------------------------------------------------------------------------------------------- INCREASE (DECREASE) FROM CAPITAL SHARE TRANSACTIONS: # Proceeds from shares issued Vista Shares ................. 2,078,075 2,100,524 3,464,112 3,260,482 Premier Shares ............... 343,481 385,299 -- -- Institutional Shares ......... 3,019,983 2,526,660 -- -- Reserve Shares* .............. 1 -- 1 -- - ------------------------------------------------------------------------------------------------- 5,441,540 5,012,483 3,464,113 3,260,482 - ------------------------------------------------------------------------------------------------- Proceeds from reinvestment of dividends Vista Shares ................. 12,007 8,397 37,398 25,347 Premier Shares ............... 2,982 2,257 -- -- Institutional Shares ......... 9,475 5,196 -- -- Reserve Shares* .............. -- -- -- -- - ------------------------------------------------------------------------------------------------- 24,464 15,850 37,398 25,347 - ------------------------------------------------------------------------------------------------- Cost of shares redeemed Vista Shares ................. (1,949,740) (2,088,092) (3,174,889) (3,153,158) Premier Shares ............... (356,488) (390,878) -- -- Institutional Shares ......... (2,865,404) (2,465,756) -- -- Reserve Shares* .............. -- -- -- -- - ------------------------------------------------------------------------------------------------- (5,171,632) (4,944,726) (3,174,889) (3,153,158) - ------------------------------------------------------------------------------------------------- Net increase from capital share transactions ................. 294,372 83,607 326,622 132,671 - ------------------------------------------------------------------------------------------------- Total increase in net assets ............... 294,398 83,598 326,701 132,684 - ------------------------------------------------------------------------------------------------- NET ASSETS: Beginning of period ........... 1,360,266 1,276,668 1,504,511 1,371,827 - ------------------------------------------------------------------------------------------------- End of period ................. $1,654,664 $1,360,266 $1,831,212 $1,504,511 - -------------------------------------------------------------------------------------------------
# At $1.00 per share. * Reserve Shares commencement of offering, 7/31/00. See notes to financial statements. 69 STATEMENT OF CHANGES IN NET ASSETS For the year ended August 31, (Amounts in Thousands)
California Tax Free Money Market Fund 2000 1999 - ------------------------------------------------------------------------------------------------- INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: Net investment income ...................................... $ 1,912 $ 1,181 Net realized gain on investments ........................... -- 4 - ------------------------------------------------------------------------------------------------- Increase in net assets from operations .................... 1,912 1,185 - ------------------------------------------------------------------------------------------------- DISTRIBUTIONS TO SHAREHOLDERS FROM: Net investment income ...................................... (1,912) (1,200) - ------------------------------------------------------------------------------------------------- INCREASE (DECREASE) FROM CAPITAL SHARE TRANSACTIONS: # Proceeds from shares issued (Vista Shares) ................. 243,038 329,610 Proceeds from reinvestment of dividends (Vista Shares) ..... 732 474 Cost of shares redeemed (Vista Shares) ..................... (233,891) (312,828) - ------------------------------------------------------------------------------------------------- Net increase from capital share transactions .............. 9,879 17,256 - ------------------------------------------------------------------------------------------------- Total increase in net assets ............................. 9,879 17,241 NET ASSETS: Beginning of period ........................................ 67,640 50,399 - ------------------------------------------------------------------------------------------------- End of period .............................................. $ 77,519 $ 67,640 - -------------------------------------------------------------------------------------------------
# At $1.00 per share. See notes to financial statements. 70 - -------------------------------------------------------------------------------- CHASE VISTA FUNDS NOTES TO FINANCIAL STATEMENTS - -------------------------------------------------------------------------------- 1. Organization and Significant Accounting Policies Mutual Fund Trust (the "Trust") was organized as a Massachusetts business trust, and is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end, management investment company. 100% U.S. Treasury Securities Money Market Fund ("USTS"), U.S. Government Money Market Fund ("USG"), Treasury Plus Money Market Fund ("TP"), Federal Money Market Fund ("FED"), Cash Management Fund ("CM"), Prime Money Market Fund ("PRM"), Tax Free Money Market Fund ("TF"), New York Tax Free Money Market Fund ("NYTF") and California Tax Free Money Market Fund ("CTF") (collectively, the "Funds") are nine separate portfolios of the Trust. The Funds offer various classes of shares as follows:
Fund Classes Offered - -------------------------------------------------------------------------------- USTS Vista, Premier, Institutional USG Vista, Premier, Institutional TP Vista, Premier, Institutional FED Vista, Premier, Institutional, Reserve CM Vista, Premier, Institutional PRM Vista, Premier, Institutional, Reserve, B Shares, C Shares TF Vista, Premier, Institutional, Reserve NYTF Vista, Reserve CTF Vista
All classes of shares have equal rights as to earnings, assets and voting privileges except that each class may bear different transfer agent, distribution and shareholder servicing expenses, and each class has exclusive voting rights with respect to its distribution plan and shareholder servicing agreement. The following is a summary of significant accounting policies followed by the Funds: The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. A. Valuation of investments -- Money market instruments are valued at amortized cost which approximates market value. The Trust's use of amortized cost is subject to the Trust's compliance with certain conditions as specified under Rule 2a-7 of the 1940 Act. B. Repurchase and reverse repurchase agreements -- It is each Fund's policy that repurchase agreements are fully collateralized by U.S. Treasury and Government Agency securities. All collateral is held by the Fund's custodian bank, subcustodian or a bank in which the custodian bank has entered into a subcustodian agreement or is segregated in the Federal Reserve Book Entry System. If the seller of a repurchase agreement defaults and the value of the collateral declines, or if the seller enters into an insolvency proceeding, realization of the collateral may be delayed or limited. At all times that a reverse repurchase agreement is outstanding, the Fund segregates assets with a value at least equal to its obligation under the 71 CHASE VISTA FUNDS NOTES TO FINANCIAL STATEMENTS (continued) agreement. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, the Fund's use of proceeds from the agreement may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund's obligation to repurchase the securities. The Fund's use of the proceeds of the reverse repurchase agreement may also effectively be restricted pending such decisions. During the year ended August 31, 2000, CM entered into one reverse repurchase agreement amounting to $90,000,000 at 6.48%. Interest expense totaled $47,142, which is included in Other expenses on the statement of operations. The agreement, which matured June 19, 2000, was collateralized by Federal Home Loan Bank notes with a par value of $87,300,000, due December 1, 2000. C. Security transactions and investment income -- Investment transactions are accounted for on the trade date (the date the order to buy or sell is executed). Securities gains and losses are calculated on the identified cost basis. Interest income consists of coupon interest accrued and amortization of premium and discount earned. D. Federal income taxes -- Each Fund is treated as a separate taxable entity for Federal income tax purposes. The Fund's policy is to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute to shareholders all of its distributable net income, including net realized gain on investments. In addition, the Fund intends to make distributions as required to avoid excise taxes. Accordingly, no provision for Federal income or excise tax is necessary. E. Distributions to shareholders -- Dividends and distributions paid to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains is determined in accordance with Federal income tax regulations, which may differ from generally accepted accounting principles. To the extent these "book/tax" differences are permanent in nature (i.e., that they result from other than timing of recognition--"temporary differences"), such amounts are reclassified within the capital accounts based on their Federal income tax-basis treatment. Dividends and distributions which exceed net investment income or net realized capital gains for financial reporting purposes but not for tax purposes are reported as distributions in excess of net investment income or net realized capital gains. F. Income and Expenses -- Expenses directly attributable to a Fund are charged to that Fund; other expenses are allocated proportionately among each of the Funds within the Trust in relation to the net assets of each Fund or on another reasonable basis. Expenses directly attributable to a particular class are charged directly to such class. In calculating net asset value per share of each class, investment income, realized and unrealized gains and losses and expenses other than class specific expenses (e.g. transfer agent fees), are allocated daily to each class of shares based upon the proportion of net assets of each class at the beginning of each day. 72 CHASE VISTA FUNDS NOTES TO FINANCIAL STATEMENTS (continued) 2. Fees and Other Transactions with Affiliates A. Investment advisory fee -- Pursuant to separate Investment Advisory Agreements, The Chase Manhattan Bank ("Chase" or "Adviser") acts as the investment adviser to the Funds. Chase is a direct wholly-owned subsidiary of The Chase Manhattan Corporation. As investment adviser, Chase supervises the investments of each Fund and for such services is paid a fee. The fee is accrued daily and paid monthly at an annual rate equal to 0.10% of the average daily net assets for each respective Fund. The Adviser voluntarily waived fees as outlined in Note 2.E. below. Chase Asset Management, Inc. ("CAM"), a registered investment adviser, is the sub-investment adviser to each Fund, other than CM and TF, pursuant to a Sub-Investment Advisory Agreement between CAM and Chase. CAM is a wholly-owned subsidiary of Chase and is entitled to receive a fee, payable by Chase from its advisory fee, at an annual rate equal to 0.03% of each Fund's average daily net assets. Prior to August 1, 2000, Chase Bank of Texas, National Association ("CBT") was the sub-investment adviser to CM and TF pursuant to a Sub-Investment Advisory Agreement between Chase and CBT. CBT, a wholly-owned subsidiary of Chase, was entitled to receive a fee, payable by Chase from its advisory fee, at an annual rate equal to 0.03% of the Fund's average daily net assets. B. Shareholder and Fund servicing fees -- The Trust adopted Administrative Service Plans which, among other things, provide that the Trust on behalf of the Funds may obtain the services of one or more Shareholder Servicing Agents. For its services, each Shareholder Servicing Agent receives a fee. The fee is computed daily and paid monthly at an annual rate of 0.35% of the average daily net assets of the Vista and Reserve Classes, 0.25% of the average daily net assets of the Premier, B Share and C Share Classes, and 0.10% of the average daily net assets of the Institutional Class of each Fund. Chase and certain of its affiliates are the only Shareholder Servicing Agents. The Shareholder Servicing Agents have voluntarily waived fees as outlined in Note 2.E. below. C. Distribution and sub-administrations fees -- Pursuant to a Distribution and Sub-Administration Agreement, Vista Fund Distributors, Inc. ("VFD" or the "Distributor"), a wholly-owned subsidiary of The BISYS Group, Inc. ("BISYS"), acts as the Trust's exclusive underwriter and promotes and arranges for the sale of each Fund's shares. In addition, the Distributor provides certain sub-administration services to the Trust, including providing officers, clerical staff and office space for an annual fee computed daily and paid monthly of 0.05% of the average daily net assets of each Fund. The Trustees have adopted plans of distribution under the 1940 Act for the Premier Shares of USG (the "Premier Plan"), for the Vista Shares of each Fund (the "Vista Plan") except for CM and PRM, for the Reserve Shares of FED, PRM, TF and NYTF (the "Reserve Plan"), and for the B Shares and C Shares of PRM (the "B Plan" and "C Plan", respectively). 73 CHASE VISTA FUNDS NOTES TO FINANCIAL STATEMENTS (continued) There are no distribution plans for the Institutional Shares. The Premier, Vista, Reserve, B and C Share Plans pay the Distributor a distribution fee. The fee is computed daily and paid monthly at an annual rate of: 0.10% of the average daily net assets of the Vista Class of each Fund (except CM and PRM), 0.10% of the average daily net assets of the USG Premier Class, 0.30% of the average daily net assets of the Reserve Class of FED, PRM, TF and NYTF, and 0.75% of the average daily net assets of the B Shares and C Shares of PRM. The Distributor voluntarily waived fees as outlined in Note 2.E. below. D. Administration fee -- Pursuant to the Administration Agreement, Chase (the "Administrator") provides certain administration services and facilities to each Fund at a fee computed daily and paid monthly at the annual rate equal to 0.05% of the respective Fund's average daily net assets. The Administrator voluntarily waived fees as outlined in Note 2.E. below. E. Waiver of fees -- For the year ended August 31, 2000, the Funds' vendors voluntarily waived fees for each of the Funds as follows (amounts in thousands):
Investment Shareholder Advisory Administration Servicing Distribution - -------------------------------------------------------------------------------- USTS......... $-- $1,723 $1,629 $1,425 USG .......... -- 186 6,059 449 TP ........... -- 1,086 1,768 -- FED .......... -- -- 486 -- CM ........... -- 90 3,111 -- PRM .......... -- 103 6,479 -- TF ........... -- 369 1,677 -- NYTF.......... -- 746 -- 1,036 CTF .......... 44 -- 136 32
F. Other --Certain officers of the Trust are officers of VFD or of its parent corporation, BISYS. Chase provides portfolio accounting and custody services for the Funds. Compensation for such services is presented in the Statement of Operations as custodian fees. Custodian fees are subject to reduction by credits earned by each Fund, based on cash balances held by Chase as custodian. Such earnings credits are presented separately in the Statement of Operations. The Funds could have invested the cash balances utilized in connection with the earnings credit arrangements in income producing assets if they had not entered into such arrangements. During the year ended August 31, 2000, the fund accountant reimbursed PRM approximately $957,000 for uncollectible interest accruals. 74 CHASE VISTA FUNDS NOTES TO FINANCIAL STATEMENTS (continued) 3. Federal Income Tax Matters At August 31, 2000, the following Funds have capital loss carryovers which will be available to offset capital gains. To the extent that any net capital loss carryovers are used to offset future capital gains, it is probable that the gains so offset will not be distributed to shareholders.
Fund Amount Expiration Date - ------------------------------------------------------ USG ........... $ 13,546 Aug. 31, 2006 5,917 Aug. 31, 2007 -------- 19,463 FED ........... 6,078 Aug. 31, 2008 CM ............ 664,023 Aug. 31, 2008 TF ............ 336,447 Aug. 31, 2002 29,205 Aug. 31, 2003 812 Aug. 31, 2004 28,042 Aug. 31, 2006 -------- 394,506 NYTF .......... 1,760 Aug. 31, 2006 CTF ........... 3,956 Aug. 31, 2001 8,932 Aug. 31, 2004 652 Aug. 31, 2005 903 Aug. 31, 2006 -------- 14,443
During the year ended August 31, 2000, USG, NYTF and CTF utilized capital loss carryforwards of $1,404, $59,708 and $26, respectively. 4. Concentration of Credit Risk As of August 31, 2000, CM and PRM invested 76.6% and 87.0%, respectively, of their net assets in securities issued by institutions in the financial services industry including banks, broker dealers and insurance companies. General economic conditions, as well as exposure to credit losses arising from possible financial difficulties of borrowers, play an important role in the operation of the financial services industry. TF, NYTF and CTF invest substantially all of their assets in a diversified portfolio of debt obligations issued by states, territories and possessions of the United States and by the District of Columbia, and by their political subdivisions and duly constituted authorities, with NYTF primarily investing in issuers in the State of New York, and CTF primarily investing in issuers in the State of California. As of August 31, 2000, TF invested 18.4% of its net assets in issuers in the State of Texas. The issuers' abilities to meet their obligations may be affected by economic or political developments in a specific state or region. 75 CHASE VISTA FUNDS NOTES TO FINANCIAL STATEMENTS (continued) 5. Trustee Compensation The Funds have adopted an unfunded noncontributory defined benefit pension plan covering all independent trustees of the Funds who will have served as an independent trustee for at least five years at the time of retirement. Benefits under this plan are based on compensation and years of service. Pension expenses for the year ended August 31, 2000, included in Trustees Fees in the Statement of Operations, and accrued pension liability included in Other Accrued Liabilities in the Statement of Assets and Liabilities were as follows (in thousands):
Pension Accrued Fund Expenses Pension Liability - ---------------------------------------------------------- USTS ......... $ 72 $321 USG .......... 128 608 TP ........... 47 231 FED .......... 20 91 CM ........... 145 507 PRM .......... 188 466 TF ........... 25 119 NYTF ......... 26 123 CTF .......... 1 5
6. Subsequent Events Effective September 5, 2000, CAM changed its name to Chase Fleming Asset Management (USA) Inc. At a special meeting held October 5, 2000, shareholders of CM approved a Reorganization Plan whereby all of the assets and liabilities of CM will be transferred to PRM in exchange for shares in PRM. Under the Reorganization Plan, each shareholder of CM will receive shares in PRM with a value equal to their holdings in CM. Holders of Vista Class Shares in CM will receive Vista Class Shares in PRM, holders of Premier Class Shares in CM will receive Premier Class Shares in PRM and holders of Institutional Class Shares in CM will receive Institutional Class Shares in PRM. The effective date of the reorganization is expected to be October 20, 2000. 76 - -------------------------------------------------------------------------------- CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS - -------------------------------------------------------------------------------- FINANCIAL HIGHLIGHTS
100% U.S. Treasury Securities Money Market Fund ------------------------------------------------------------------------------------ Vista Shares ------------------------------------------------------------------------------------ Year Ended Year Ended August 31, 12/1/95++ November 30, ------------------------------------------- Through ------------- 2000 1999 1998 1997 8/31/96 1995 -------- ------ ------ ------ --------- ------------- Per Share Operating Performance Net Asset Value, Beginning of Period .......... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income ........................ 0.05 0.04 0.05 0.05 0.04 0.05 Less Dividends from Net Investment Income ........................... 0.05 0.04 0.05 0.05 0.04 0.05 -------- ------ ------ ------ ------ ------ Net Asset Value, End of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ====== ====== ====== ====== ====== Total Return .................................. 5.02% 4.31% 4.92% 4.87% 3.50% 5.15% Ratios/Supplemental Data: Net Assets, End of Period (millions) ......... $3,535 $3,312 $3,051 $2,376 $1,672 $1,338 Ratios to Average Net Assets#: Expenses ..................................... 0.59% 0.59% 0.59% 0.59% 0.60% 0.58% Net Investment Income ........................ 4.92% 4.15% 4.78% 4.74% 4.58% 4.99% Expenses Without Waivers, Reimbursements and Earnings Credits ......................... 0.71% 0.71% 0.71% 0.71% 0.68% 0.61% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ...................................... 4.80% 4.03% 4.66% 4.62% 4.50% 4.96% - ------------------------------------------------------------------------------------------------------------------------------------ 100% U.S. Treasury Securities Money Market Fund ------------------------------------------------------------------------------------ Premier Shares ------------------------------------------------------------------------------------ Year Ended August 31, 12/1/95++ ------------------------------------------- Through 2000 1999 1998 1997 8/31/96 -------- ------ ------ ------ --------- Per Share Operating Performance Net Asset Value, Beginning of Period .......... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- --------- Income from Investment Operations: Net Investment Income ........................ 0.05 0.04 0.05 0.05 0.01 Less Dividends from Net Investment Income ........................... 0.05 0.04 0.05 0.05 0.01 -------- ------- ------- ------- --------- Net Asset Value, End of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ========= Total Return .................................. 5.12% 4.40% 5.00% 4.91% 1.11% Ratios/Supplemental Data: Net Assets, End of Period (millions) ......... $ 116 $ 24 $ 22 $ 6 $ 1 Ratios to Average Net Assets#: Expenses ..................................... 0.49% 0.50% 0.51% 0.55% 0.42% Net Investment Income ........................ 5.02% 4.22% 4.99% 4.80% 3.45% Expenses Without Waivers, Reimbursements and Earnings Credits ......................... 0.53% 0.56% 0.78% 0.80% 0.42% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ...................................... 4.98% 4.16% 4.72% 4.55% 3.45% - ------------------------------------------------------------------------------------------------------------------------------------
++ In 1996, the Fund changed its fiscal year-end from November 30 to August 31. * Commencement of offering of class of shares. # Short periods have been annualized. 77 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
100% U.S. Treasury Securities Money Market Fund -------------------------------------------------------- Institutional Shares -------------------------------------------------------- Year Ended August 31, 6/3/96* ------------------------------------------ Through 2000 1999 1998 1997 8/31/96 ------ ------ ------ ------ ------- Per Share Operating Performance Net Asset Value, Beginning of Period .......... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------- ------- ------ ------- -------- Income from Investment Operations: Net Investment Income ........................ 0.05 0.05 0.05 0.05 0.01 Less Dividends from Net Investment Income ........................... 0.05 0.05 0.05 0.05 0.01 ------- ------- ------ ------- -------- Net Asset Value, End of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======= ======= ====== ======= ======== Total Return .................................. 5.38% 4.67% 5.30% 5.20% 1.23% Ratios/Supplemental Data: Net Assets, End of Period (millions) ......... $ 872 $ 895 $1,796 $ 81 $ 1 Ratios to Average Net Assets#: Expenses ..................................... 0.25% 0.24% 0.21% 0.27% 0.21% Net Investment Income ........................ 5.26% 4.51% 5.13% 5.06% 3.65% Expenses Without Waivers, Reimbursements and Earnings Credits ......................... 0.34% 0.32% 0.25% 0.27% 0.21% Net Investment Income Without Waivers, Reimbursements and Earnings Credits .......... 5.17% 4.43% 5.09% 5.06% 3.65% - --------------------------------------------------------------------------------------------------------
* Commencement of offering of class of shares. # Short periods have been annualized. See notes to financial statements. 78 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
U.S. Government Money Market Fund -------------------------------------------------------------- Vista Shares -------------------------------------------------------------- Year Ended August 31, -------------------------------------------------------------- 2000 1999 1998 1997 1996 ------ ------ ------ ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income .............................. 0.05 0.04 0.05 0.05 0.05 Less Dividends from Net Investment Income ......... 0.05 0.04 0.05 0.05 0.05 ------ ------ ------ ------ ------ Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== Total Return ........................................ 5.48% 4.55% 5.14% 5.04% 4.97% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $3,398 $3,538 $3,033 $2,139 $2,057 Ratios to Average Net Assets: Expenses ........................................... 0.59% 0.59% 0.59% 0.59% 0.65% Net Investment Income .............................. 5.35% 4.46% 5.01% 4.93% 4.83% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.69% 0.69% 0.70% 0.72% 0.73% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 5.25% 4.36% 4.90% 4.80% 4.75% - -------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 79 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
U.S. Government Money Market Fund ------------------------------------------------------ Premier Shares ------------------------------------------------------ Year Ended August 31, ------------------------------------------------------ 2000 1999 1998 1997 1996 ---------- ---------- ---------- ---------- ---------- Per Share Operating Performance Net Asset Value, Beginning of Period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income .......................... 0.05 0.05 0.05 0.05 0.05 Less Dividends from Net Investment Income ..... 0.05 0.05 0.05 0.05 0.05 ------ ------ ------ ------ ------ Net Asset Value, End of Period .................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== Total Return .................................... 5.62% 4.70% 5.25% 5.08% 5.15% Ratios/Supplemental Data: Net Assets, End of Period (millions) ........... $1,134 $ 922 $1,084 $ 837 $ 802 Ratios to Average Net Assets: Expenses ....................................... 0.45% 0.45% 0.48% 0.55% 0.55% Net Investment Income .......................... 5.50% 4.60% 5.12% 4.97% 5.04% Expenses Without Waivers, Reimbursements and Earnings Credits ........................... 0.58% 0.58% 0.60% 0.60% 0.59% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ............ 5.37% 4.47% 5.00% 4.92% 5.00% - --------------------------------------------------------------------------------------------------------- U.S. Government Money Market Fund ------------------------------------------------------ Institutional Shares ------------------------------------------------------ Year Ended August 31, ------------------------------------------------------ 2000 1999 1998 1997 1996 ---------- ---------- ---------- ---------- ---------- Per Share Operating Performance Net Asset Value, Beginning of Period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income .......................... 0.06 0.05 0.05 0.05 0.05 Less Dividends from Net Investment Income ..... 0.06 0.05 0.05 0.05 0.05 ------ ------ ------ ------ ------ Net Asset Value, End of Period .................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== Total Return .................................... 5.83% 4.92% 5.51% 5.40% 5.45% Ratios/Supplemental Data: Net Assets, End of Period (millions) ........... $2,639 $2,913 $2,797 $2,955 $1,182 Ratios to Average Net Assets: Expenses ....................................... 0.26% 0.25% 0.24% 0.24% 0.27% Net Investment Income .......................... 5.66% 4.80% 5.36% 5.29% 5.30% Expenses Without Waivers, Reimbursements and Earnings Credits ........................... 0.33% 0.31% 0.24% 0.24% 0.27% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ............ 5.59% 4.74% 5.36% 5.29% 5.30% - ---------------------------------------------------------------------------------------------------------
See notes to financial statements. 80 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Treasury Plus Money Market Fund ------------------------------------------------------ Vista Shares ------------------------------------------------------ Year Ended August 31, 5/6/96* ------------------------------------------- Through 2000 1999 1998 1997 8/31/96 ---------- ---------- ---------- ---------- ---------- Per Share Operating Performance Net Asset Value, Beginning of Period ........ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income ...................... 0.05 0.04 0.05 0.05 0.02 Less Dividends from Net Investment Income ......................... 0.05 0.04 0.05 0.05 0.02 ------ ------ ------ ------ ------ Net Asset Value, End of Period .............. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== Total Return ................................ 5.29% 4.39% 5.05% 4.89% 1.50% Ratios/Supplemental Data: Net Assets, End of Period (millions) ....... $1,367 $1,734 $1,316 $1,606 $1,382 Ratios to Average Net Assets:# Expenses ................................... 0.59% 0.59% 0.59% 0.59% 0.59% Net Investment Income ...................... 5.14% 4.27% 4.92% 4.79% 4.63% Expenses Without Waivers, Reimbursements and Earnings Credits ....................... 0.71% 0.69% 0.70% 0.70% 0.73% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ........ 5.02% 4.17% 4.81% 4.68% 4.49% - ---------------------------------------------------------------------------------------------------- Treasury Plus Money Market Fund ------------------------------------------------------ Premier Shares ------------------------------------------------------ Year Ended August 31, ------------------------------------------------------ 2000 1999 1998 1997 1996 ---------- ---------- ---------- ---------- ---------- Per Share Operating Performance Net Asset Value, Beginning of Period ........ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income ...................... 0.05 0.04 0.05 0.05 0.05 Less Dividends from Net Investment Income ......................... 0.05 0.04 0.05 0.05 0.05 ------ ------ ------ ------ ------ Net Asset Value, End of Period .............. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== Total Return ................................ 5.44% 4.54% 5.18% 4.98% 5.07% Ratios/Supplemental Data: Net Assets, End of Period (millions) ....... $ 228 $ 476 $ 155 $ 131 $ 106 Ratios to Average Net Assets:# Expenses ................................... 0.45% 0.45% 0.46% 0.51% 0.52% Net Investment Income ...................... 5.28% 4.42% 5.06% 4.88% 4.85% Expenses Without Waivers, Reimbursements and Earnings Credits ....................... 0.51% 0.50% 0.50% 0.53% 0.63% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ........ 5.22% 4.37% 5.02% 4.86% 4.74% - ----------------------------------------------------------------------------------------------------
# Short periods have been annualized. * Commencement of offering of class of shares. See notes to financial statements. 81 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Treasury Plus Money Market Fund -------------------------------------------------------------- Institutional Shares -------------------------------------------------------------- Year Ended August 31, -------------------------------------------------------------- 2000 1999 1998 1997 1996 ---------- ---------- ---------- ---------- ---------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income .............................. 0.06 0.05 0.05 0.05 0.05 Less Dividends from Net Investment Income ......... 0.06 0.05 0.05 0.05 0.05 ------ ------ ------ ------ ------ Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== Total Return ........................................ 5.65% 4.75% 5.44% 5.24% 5.29% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ 904 $ 980 $ 876 $ 292 $ 189 Ratios to Average Net Assets: Expenses ........................................... 0.25% 0.24% 0.21% 0.26% 0.30% Net Investment Income .............................. 5.48% 4.61% 5.29% 5.16% 5.11% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.36% 0.31% 0.25% 0.26% 0.38% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 5.37% 4.54% 5.25% 5.16% 5.03% - -----------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 82 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Federal Money Market Fund ------------------------------------------------------ Vista Shares ------------------------------------------------------ Year Ended August 31, ------------------------------------------------------ 2000 1999 1998 1997 1996 ------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .......................... 0.05 0.04 0.05 0.05 0.05 Less Dividends from Net Investment Income ..... 0.05 0.04 0.05 0.05 0.05 ------- ------- ------- ------- ------- Net Asset Value, End of Period .................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======= ======= ======= ======= ======= Total Return .................................... 5.29% 4.46% 4.94% 4.91% 4.83% Ratios/Supplemental Data: Net Assets, End of Period (millions) ........... $ 576 $ 550 $ 359 $ 301 $ 353 Ratios to Average Net Assets: Expenses ....................................... 0.70% 0.70% 0.70% 0.70% 0.70% Net Investment Income .......................... 5.17% 4.35% 4.88% 4.79% 4.79% Expenses Without Waivers, Reimbursements and Earnings Credits ........................... 0.75% 0.78% 0.84% 0.82% 0.93% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ............ 5.12% 4.27% 4.74% 4.67% 4.56% - ---------------------------------------------------------------------------------------------------------- Federal Money Market Fund ------------------------------------------------------ Premier Shares ------------------------------------------------------ Year Ended August 31, ------------------------------------------------------ 2000 1999 1998 1997 1996 ------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .......................... 0.05 0.05 0.05 0.05 0.05 Less Dividends from Net Investment Income ..... 0.05 0.05 0.05 0.05 0.05 ------- ------- ------- ------- ------- Net Asset Value, End of Period .................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======= ======= ======= ======= ======= Total Return .................................... 5.50% 4.67% 5.22% 5.12% 5.14% Ratios/Supplemental Data: Net Assets, End of Period (millions) ........... $ 279 $ 298 $ 313 $ 400 $ 249 Ratios to Average Net Assets: Expenses ....................................... 0.50% 0.50% 0.50% 0.50% 0.50% Net Investment Income .......................... 5.35% 4.56% 5.07% 5.01% 4.99% Expenses Without Waivers, Reimbursements and Earnings Credits ........................... 0.50% 0.50% 0.51% 0.52% 0.52% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ............ 5.35% 4.56% 5.06% 4.99% 4.97% - ------------------------------------------------------------------------------------------------------------
See notes to financial statements. 83 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Federal Money Market Fund ---------------------------------------------------------------------- Institutional Shares Reserve Shares ------------------------------------------------------ --------------- Year Ended August 31, 7/31/00* ------------------------------------------------------ Through 2000 1999 1998 1997 1996 8/31/00 ------- ------- ------- ------- ------- -------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- --------- Income from Investment Operations: Net Investment Income .............................. 0.06 0.05 0.05 0.05 0.05 0.01 Less Dividends from Net Investment Income ......... 0.06 0.05 0.05 0.05 0.05 0.01 -------- ------- ------- ------- ------- -------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= ======== Total Return ........................................ 5.75% 4.92% 5.46% 5.35% 5.35% 0.49% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ 287 $ 248 $ 198 $ 131 $ 141 $ + Ratios to Average Net Assets:# Expenses ........................................... 0.26% 0.26% 0.27% 0.27% 0.30% 0.79% Net Investment Income .............................. 5.61% 4.79% 5.32% 5.23% 5.20% 5.08% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.34% 0.34% 0.27% 0.27% 0.30% 1.44% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 5.53% 4.71% 5.32% 5.23% 5.20% 4.43% - ---------------------------------------------------------------------------------------------------------------------------
* Commencement of offering of class of shares. # Short periods have been annualized. + Amount rounds to less than one million. See notes to financial statements. 84 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Cash Management Fund -------------------------------------------------------------------------- Vista Shares -------------------------------------------------------------------------- Year Ended August 31, 12/1/95++ Year Ended ----------------------------------------- Through November 30, 2000 1999 1998 1997 8/31/96 1995 -------- ------ ------ ------ --------- ------ Per Share Operating Performance Net Asset Value, Beginning of Period .......... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------ ------ ------ ------- ------ Income from Investment Operations: Net Investment Income ........................ 0.06 0.05 0.05 0.05 0.04 0.05 Less Dividends from Net Investment Income ........................... 0.06 0.05 0.05 0.05 0.04 0.05 -------- ------ ------ ------ ------- ------ Net Asset Value, End of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ====== ====== ====== ======= ====== Total Return .................................. 5.66% 4.74% 5.23% 5.09% 3.69% 5.49% Ratios/Supplemental Data: Net Assets, End of Period (millions) ......... $7,345 $5,679 $3,642 $2,576 $1,621 $1,634 Ratios to Average Net Assets:# Expenses ..................................... 0.59% 0.59% 0.59% 0.59% 0.60% 0.58% Net Investment Income ........................ 5.58% 4.61% 5.09% 4.99% 4.91% 5.35% Expenses Without Waivers, Reimbursements and Earnings Credits ......................... 0.61% 0.62% 0.61% 0.62% 0.63% 0.62% Net Investment Income Without Waivers, Reimbursements and Earnings Credits .......... 5.56% 4.58% 5.07% 4.96% 4.88% 5.31% - ---------------------------------------------------------------------------------------------------------------------------
++ In 1996, the Fund changed its fiscal year-end from November 30 to August 31. # Short periods have been annualized. See notes to financial statements. 85 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Cash Management Fund ------------------------------------------------------- Premier Shares ------------------------------------------------------- Year Ended August 31, ------------------------------------------- 5/6/96* Through 2000 1999 1998 1997 8/31/96 -------- ------- ------- ------- --------- Per Share Operating Performance Net Asset Value, Beginning of Period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- --------- Income from Investment Operations: Net Investment Income .......................... 0.06 0.05 0.05 0.05 0.02 Less Dividends from Net Investment Income ..... 0.06 0.05 0.05 0.05 0.02 -------- ------- ------- ------- --------- Net Asset Value, End of Period .................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ========= Total Return .................................... 5.81% 4.89% 5.35% 5.18% 1.61% Ratios/Supplemental Data: Net Assets, End of Period (millions) ........... $ 426 $ 463 $ 415 $ 375 $ 433 Ratios to Average Net Assets:# Expenses ....................................... 0.45% 0.45% 0.47% 0.50% 0.50% Net Investment Income .......................... 5.72% 4.77% 5.22% 5.07% 4.93% Expenses Without Waivers, Reimbursements and Earnings Credits ........................... 0.50% 0.50% 0.52% 0.51% 0.52% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ............ 5.67% 4.72% 5.17% 5.06% 4.91% Cash Management Fund ------------------------------------------------------- Institutional Shares ------------------------------------------------------- Year Ended August 31, ------------------------------------------- 5/6/96* Through 2000 1999 1998 1997 8/31/96 -------- ------- ------- ------- --------- Per Share Operating Performance Net Asset Value, Beginning of Period ............ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------ ------ ------- ------- Income from Investment Operations: Net Investment Income .......................... 0.06 0.05 0.06 0.05 0.02 Less Dividends from Net Investment Income ..... 0.06 0.05 0.06 0.05 0.02 -------- ------ ------ ------- ------- Net Asset Value, End of Period .................. $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ====== ====== ======= ======= Total Return .................................... 6.01% 5.09% 5.59% 5.45% 1.69% Ratios/Supplemental Data: Net Assets, End of Period (millions) ........... $3,304 $1,547 $1,060 $ 924 $ 657 Ratios to Average Net Assets:# Expenses ....................................... 0.26% 0.26% 0.24% 0.24% 0.25% Net Investment Income .......................... 5.91% 4.95% 5.45% 5.34% 5.22% Expenses Without Waivers, Reimbursements and Earnings Credits ........................... 0.33% 0.32% 0.24% 0.24% 0.25% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ............ 5.84% 4.89% 5.45% 5.34% 5.22% - ---------------------------------------------------------------------------------------------------------
* Commencement of offering of class of shares. # Short periods have been annualized. See notes to financial statements. 86 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Prime Money Market Fund -------------------------------------------------------------- Premier Shares -------------------------------------------------------------- Year Ended August 31, ----------------------------------------------------------------- 2000 1999 1998 1997 1996 -------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .............................. 0.06 0.05 0.05 0.05 0.05 Less Dividends from Net Investment Income ......... 0.06 0.05 0.05 0.05 0.05 -------- ------- ------- ------- ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= Total Return ........................................ 5.81% 4.90% 5.44% 5.34% 5.32% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $1,841 $1,094 $ 590 $ 499 $ 419 Ratios to Average Net Assets: Expenses ........................................... 0.45% 0.45% 0.45% 0.45% 0.45% Net Investment Income .............................. 5.67% 4.77% 5.29% 5.17% 5.18% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.49% 0.49% 0.51% 0.53% 0.51% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 5.63% 4.73% 5.23% 5.09% 5.12% - ------------------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 87 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Prime Money Market Fund -------------------------------------------------------------- Institutional Shares -------------------------------------------------------------- Year Ended August 31, ----------------------------------------------------------------- 2000 1999 1998 1997 1996 -------- ------ ------ ------ ------ Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------ ------ ------ ------- Income from Investment Operations: Net Investment Income .............................. 0.06 0.05 0.06 0.05 0.05 Less Dividends from Net Investment Income ......... 0.06 0.05 0.06 0.05 0.05 -------- ------ ------ ------ ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ====== ====== ====== ======= Total Return ........................................ 6.01% 5.10% 5.65% 5.49% 5.51% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $9,430 $8,161 $4,722 $1,348 $ 725 Ratios to Average Net Assets: Expenses ........................................... 0.26% 0.26% 0.24% 0.25% 0.26% Net Investment Income .............................. 5.86% 4.96% 5.50% 5.37% 5.33% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.33% 0.33% 0.24% 0.25% 0.26% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 5.79% 4.89% 5.50% 5.37% 5.33% - --------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 88 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Prime Money Market Fund -------------------------------------------------------------- B Shares -------------------------------------------------------------- Year Ended August 31, ----------------------------------------------------------------- 2000 1999 1998 1997 1996 -------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .............................. 0.05 0.04 0.05 0.04 0.04 Less Dividends from Net Investment Income ......... 0.05 0.04 0.05 0.04 0.04 -------- ------- ------- ------- ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= Total Return ........................................ 4.97% 4.07% 4.60% 4.33% 4.25% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ 11 $ 36 $ 29 $ 10 $ 16 Ratios to Average Net Assets: Expenses ........................................... 1.25% 1.25% 1.25% 1.35% 1.47% Net Investment Income .............................. 4.87% 4.00% 4.49% 4.27% 4.17% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 1.27% 1.47% 1.50% 1.53% 1.71% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 4.85% 3.78% 4.24% 4.09% 3.93% - --------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 89 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Prime Money Market Fund ------------------------------------------------------------------------------ C Shares Vista Shares Reserve Shares ------------------------------------ ------------------------ --------------- Year Year 5/14/98* Year 10/1/98* 7/31/00* Ended Ended Through Ended Through Through 8/31/00 8/31/99 8/31/98 8/31/00 8/31/99 8/31/00 ------- ------- --------- --------- --------- ----------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------- ------- --------- -------- --------- --------- Income from Investment Operations: Net Investment Income .............................. 0.05 0.04 0.01 0.06 0.04 0.01 Less Dividends from Net Investment Income ......... 0.05 0.04 0.01 0.06 0.04 0.01 ------- ------- --------- -------- --------- --------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======= ======= ========= ======== ========= ========= Total Return ........................................ 4.95% 3.85% 1.29% 5.65% 4.26% 0.50% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ + $ 1 $ 1 $ 1,475 $ 515 $ + Ratios to Average Net Assets:# Expenses ........................................... 1.26% 1.45% 1.50% 0.59% 0.59% 0.79% Net Investment Income .............................. 4.86% 3.75% 4.21% 5.53% 4.61% 5.33% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 1.26% 1.45% 1.50% 0.61% 0.72% 1.45% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 4.86% 3.75% 4.21% 5.51% 4.48% 4.67% - ------------------------------------------------------------------------------------------------------------------------------------
# Short periods have been annualized. * Commencement of offering of classes of shares. + Amount rounds to less than one million. See notes to financial statements. 90 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Tax Free Money Market Fund ---------------------------------------------------------------------- Vista Shares Reserve Shares ------------------------------------------------------ --------------- Year Ended August 31, 7/31/00* ------------------------------------------------------ Through 2000 1999 1998 1997 1996 8/31/00 -------- ------- ------ ------- ------- -------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- --------- Income from Investment Operations: Net Investment Income .............................. 0.03 0.03 0.03 0.03 0.03 -- Less Dividends from Net Investment Income ......... 0.03 0.03 0.03 0.03 0.03 -- -------- ------- ------- ------- ------- --------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= ========= Total Return ........................................ 3.37% 2.73% 3.10% 3.12% 2.92% 0.30% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ 895 $ 754 $ 733 $ 566 $ 574 $ + Ratios to Average Net Assets:# Expenses ........................................... 0.59% 0.59% 0.59% 0.59% 0.69% 0.79% Net Investment Income .............................. 3.33% 2.68% 3.05% 3.08% 2.89% 3.13% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.75% 0.73% 0.72% 0.73% 0.80% 1.44% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 3.17% 2.54% 2.92% 2.94% 2.78% 2.48% - ----------------------------------------------------------------------------------------------------------------------------
* Commencement of offering of class of shares. # Short periods have been annualized. + Amount rounds to less than one million. See notes to financial statements. 91 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Tax Free Money Market Fund -------------------------------------------------------------- Premier Shares -------------------------------------------------------------- Year Ended August 31, ----------------------------------------------------------------- 2000 1999 1998 1997 1996 -------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .............................. 0.03 0.03 0.03 0.03 0.03 Less Dividends from Net Investment Income ......... 0.03 0.03 0.03 0.03 0.03 -------- ------- ------- ------- ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= Total Return ........................................ 3.41% 2.78% 3.17% 3.19% 3.12% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ 120 $ 130 $ 133 $ 105 $ 145 Ratio to Average Net Assets: Expenses ........................................... 0.55% 0.54% 0.53% 0.53% 0.58% Net Investment Income .............................. 3.40% 2.74% 3.10% 3.13% 3.08% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.59% 0.56% 0.53% 0.53% 0.73% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 3.26% 2.72% 3.10% 3.13% 2.93% - -------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 92 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
Tax Free Money Market Fund -------------------------------------------------------------- Institutional Shares -------------------------------------------------------------- Year Ended August 31, ----------------------------------------------------------------- 2000 1999 1998 1997 1996 -------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .............................. 0.04 0.03 0.03 0.04 0.03 Less Dividends from Net Investment Income ......... 0.04 0.03 0.03 0.04 0.03 -------- ------- ------- ------- ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= Total Return ........................................ 3.71% 3.07% 3.45% 3.45% 3.40% Ratios/Supplemental Data: Net Assets, End of Period (millions) ............... $ 640 $ 476 $ 410 $ 286 $ 149 Ratio to Average Net Assets: Expenses ........................................... 0.26% 0.26% 0.26% 0.26% 0.31% Net Investment Income .............................. 3.67% 3.01% 3.37% 3.41% 3.33% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.39% 0.35% 0.26% 0.26% 0.31% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 3.54% 2.92% 3.37% 3.41% 3.33% - --------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 93 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
New York Tax Free Money Market Fund ---------------------------------------------------------------------- Vista Shares Reserve Shares ------------------------------------------------------ --------------- Year Ended August 31, 7/31/00* ------------------------------------------------------ Through 2000 1999 1998 1997 1996 8/31/00 ---------- -------- -------- -------- -------- --------------- Per Share Operating Performance Net Asset Value, Beginning of Period ................ $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ------ ------ ------ ------ ------ ------ Income from Investment Operations: Net Investment Income .............................. 0.03 0.03 0.03 0.03 0.03 -- Less Dividends from Net Investment Income ......... 0.03 0.03 0.03 0.03 0.03 -- ------ ------ ------ ------ ------ ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ====== ====== ====== ====== ====== ======= Total Return ........................................ 3.27% 2.66% 3.03% 3.02% 2.85% 0.28% Ratios/Supplemental Data: Net Assets, End of Period (millions) ................ $1,831 $1,505 $1,372 $ 957 $ 890 $ + Ratio to Average Net Assets:# Expenses ........................................... 0.59% 0.59% 0.59% 0.59% 0.74% 0.79% Net Investment Income .............................. 3.24% 2.61% 2.97% 2.97% 2.79% 3.04% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.70% 0.71% 0.72% 0.73% 0.83% 1.49% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 3.13% 2.49% 2.84% 2.83% 2.70% 2.34% - -----------------------------------------------------------------------------------------------------------------------------
* Commencement of offering of class of shares. # Short periods have been annualized. + Amount rounds to less than one million. See notes to financial statements. 94 CHASE VISTA FUNDS FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS
California Tax Free Money Market Fund -------------------------------------------------------------- Vista Shares -------------------------------------------------------------- Year Ended August 31, ----------------------------------------------------------------- 2000 1999 1998 1997 1996 -------- ------- ------- ------- ------- Per Share Operating Performance Net Asset Value, Beginning of Period ............... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 -------- ------- ------- ------- ------- Income from Investment Operations: Net Investment Income .............................. 0.03 0.03 0.03 0.03 0.03 Less Dividends from Net Investment Income ......... 0.03 0.03 0.03 0.03 0.03 -------- ------- ------- ------- ------- Net Asset Value, End of Period ...................... $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00 ======== ======= ======= ======= ======= Total Return ........................................ 3.00% 2.66% 2.97% 3.02% 3.06% Ratios/Supplemental Data: Net Assets, End of Period (millions) ................ $ 78 $ 68 $ 50 $ 46 $ 43 Ratio of Average Net Assets: Expenses ........................................... 0.55% 0.55% 0.55% 0.56% 0.56% Net Investment Income .............................. 3.03% 2.55% 2.89% 2.99% 3.03% Expenses Without Waivers, Reimbursements and Earnings Credits ............................... 0.90% 0.94% 0.93% 0.86% 1.02% Net Investment Income Without Waivers, Reimbursements and Earnings Credits ................ 2.68% 2.16% 2.51% 2.69% 2.57% - -------------------------------------------------------------------------------------------------------------------------
See notes to financial statements. 95 - -------------------------------------------------------------------------------- REPORT OF INDEPENDENT ACCOUNTANTS - -------------------------------------------------------------------------------- To the Trustees and Shareholders of Mutual Fund Trust In our opinion, the accompanying statements of assets and liabilities, including the portfolios of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Chase Vista 100% U.S. Treasury Securities Money Market Fund, Chase Vista Treasury Plus Money Market Fund, Chase Vista Federal Money Market Fund, Chase Vista U.S. Government Money Market Fund, Chase Vista Cash Management Fund, Chase Vista Prime Money Market Fund, Chase Vista Tax Free Money Market Fund, Chase Vista New York Tax Free Money Market Fund and Chase Vista California Tax Free Money Market Fund (separate portfolios of Mutual Fund Trust, hereafter referred to as the "Trust") at August 31, 2000, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended and the financial highlights for each of the periods presented (for the four years in the period ended August 31, 2000 and for the period December 1, 1995 through August 31, 1996 for Chase Vista 100% U.S. Treasury Securities Money Market Fund and Chase Vista Cash Management Fund), in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Trust's management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with auditing standards generally accepted in the United States of America, which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2000 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion. The financial highlights of Chase Vista 100% U.S. Treasury Securities Money Market Fund and Chase Vista Cash Management Fund for the year ended November 30, 1995 were audited by other independent accountants whose report dated January 19, 1996 expressed an unqualified opinion on these financial highlights. PricewaterhouseCoopers LLP 1177 Avenue of the Americas New York, New York 10036 October 11, 2000 96 - -------------------------------------------------------------------------------- TAX LETTER (UNAUDITED) - -------------------------------------------------------------------------------- Chase Vista 100% U.S. Treasury Securities Money Market Fund (USTS) Chase Vista U.S. Government Money Market Fund (USG) Chase Vista Treasury Plus Money Market Fund (TP) Chase Vista Federal Money Market Fund (FED) Chase Vista Cash Management Fund (CM) Chase Vista Prime Money Market Fund (PRM) Chase Vista Tax Free Money Market Fund (TF) Chase Vista New York Tax Free Money Market Fund (NYTF) Chase Vista California Tax Free Money Market Fund (CTF) - -------------------------------------------------------------------------------- Certain tax information regarding the Chase Vista Mutual Funds is required to be provided to shareholders based upon the Funds' income and distributions for the taxable year ended August 31, 2000. The information and distributions reported in this letter may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2000. The information necessary to complete your income tax returns for the calendar year ending December 31, 2000 will be received under separate cover. The following schedule presents the source and percentage of income from government obligations for the fiscal year ended August 31, 2000.
USTS USG TP FED CM PRM ------------ ---------- ----------- ---------- ---------- ---------- U.S. Treasury Obligations 100.00% 0.12% 22.80% 1.46% -- -- Federal Farm Credit Bank -- 3.20% -- 21.14% 0.13% -- Federal Home Loan Bank -- 36.74% -- 70.22% 2.24% 1.92% Student Loan Marketing Association -- 8.36% -- 7.17% 0.65% -- Tennessee Valley Authority -- -- -- 0.01% -- -- Federal National Mortgage Association -- 39.10% -- -- -- 0.01%
Also, for the fiscal year ended August 31, 2000: o The dividends paid from net investment income are 99.45%, 99.59% and 99.74% exempt from Federal income tax for TF, NYTF and CTF, respectively. o For shareholders who are subject to the Alternative Minimum Tax, the income from private activity bonds issued after August 7, 1986, which may be considered a tax preference item, was 13.76%, 14.13% and 13.60% for TF, NYTF, and CTF, respectively. 97 CHASE VISTA MONEY MARKET FUNDS ANNUAL REPORT - -------------------------------------------------------------------------------- Investment Adviser, Administrator, Shareholder and Fund Servicing Agent and Custodian The Chase Manhattan Bank Distributor Vista Fund Distributors, Inc. Transfer Agent DST Systems, Inc. Legal Counsel Simpson Thacher & Bartlett Independent Accountants PricewaterhouseCoopers LLP Chase Vista Funds are distributed by Vista Fund Distributors, Inc., which is unaffiliated with The Chase Manhattan Bank. Chase and its respective affiliates receive compensation from Chase Vista Funds for providing investment advisory and other services. This report is submitted for the general information of the shareholders of the funds. It is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by a prospectus. To obtain a prospectus for any of the Chase Vista Funds, call 1-800-34-VISTA. The prospectus contains more complete information, including charges and expenses. Please read it carefully before you invest or send money. (c) The Chase Manhattan Corporation, 2000. All Rights Reserved. October 2000 [Logo] CHASE VISTA FUNDS[RegTM] Chase Vista Funds Fulfillment Center 393 Manley Street West Bridgewater, MA 02379-1039 -----END PRIVACY-ENHANCED MESSAGE-----