+++ Municipal bond mutual funds, with assets of $25 million or more, ranked by the total return in the third quarter (Dollar amounts in millions) part 1 of 3 RankFund Name Bank
1 Highmark CA TF Inter Fid Unionbancal Corp.
2 J.P. Morgan Instl-CA Bond Fd J. P. Morgan & Co.
3 Stagecoach CA Tax-Free Income A Wells Fargo & Co.
4 Munder Tax-Free Short Int Bond K Comerica Inc.
5 WM CA Ins Interm Muni A Washington Mutual Inc.
6 59 Wall Street T/F Sh-Int Fix/Inc Brown Brothers Harriman & Co.
7 J.P. Morgan Instl-NY Tax Exempt J. P. Morgan & Co.
8 Dreyfus Sh-Interm Tax Exempt Mellon Bank Corp.
9 Pacific Capital T/F Sh-Interm I Bancwest Corp. 10 J.P. Morgan Instl-Tax Exempt Bd J. P. Morgan & Co. 11 Kent Fds-MI Muni Ltd Mat Inst Old Kent Financial Corp. 12 J.P. Morgan NY Tax Exempt Bond J. P. Morgan & Co. 13 Parkstone Municipal Bond Inst National City Corp. 14 WM CA Ins Interm Muni B Washington Mutual Inc. 15 Nations Sh-Term Muni Inc Inv A Bank of America Corp. 16 AmSouth-Muni Bond Fd Premier Amsouth Bancorp 17 OFFITBANK NY Municipal Sel Wachovia Corp. 18 First American-CA Interm T/F Y U.S. Bancorp 19 Centura NC Tax Free Bond C Centura Banks Inc. 20 BNY Hamilton Interm NY T/E Inst Bank of New York 21 Nations Sh-Term Muni Inc Pr A Bank of America Corp. 22 Victory Portf-National Muni A Keycorp 23 Dreyfus NJ Intermediate Muni Bd Mellon Bank Corp. 24 J.P. Morgan Tax Exempt Bond Fd J. P. Morgan & Co. 25 Dreyfus Premier Lmtd Muni R Mellon Bank Corp.
Average for the top 25 funds with $25 million or more in assets
Average for all 222 funds with $25 million or more in assets
Average for all 456 bank proprietary municipal funds
Non-Bank Muni Fund Averages
Lehman Brothers Municipals part 2 of 3 TOTAL RETURNS THROUGH 9/30/99 (%)
Fund Asset Third Year RankFInvestment Objective 9/30/99 Qtr. to Date
1 Municipal-Single State $148.35 1.21% 0.07%
2 Municipal-Single State 61.43 0.88 -0.31
3 Municipal-Single State 41.3 0.84 0.19
4 Municipal-National 268 0.83 0.13
5 Municipal-Insured 33.31 0.81 -0.18
6 Municipal-National 75.62 0.69 0.63
7 Municipal-Single State 161.28 0.65 -0.62
8 Municipal-National 304.37 0.64 1.6
9 Municipal-National 48.36 0.62 -0.01 10 Municipal-National 384.09 0.61 -0.64 11 Municipal-Single State 114.18 0.6 0.53 12 Municipal-Single State 110.72 0.59 -0.68 13 Municipal-National 93.74 0.59 -1.1 14 Municipal-Insured 33.94 0.58 -0.8 15 Municipal-National 30.64 0.57 1.72 16 Municipal-National 319.76 0.56 -1.15 17 Municipal-Single State 73.02 0.55 -0.56 18 Municipal-Single State 41.46 0.55 -0.36 19 Municipal-Single State 36.93 0.53 -1.05 20 Municipal-Single State 30.16 0.53 -0.96 21 Municipal-National 64.76 0.53 1.78 22 Municipal-National 44.53 0.51 -0.64 23 Municipal-Single State 207.6 0.49 -0.59 24 Municipal-National 426.93 0.47 -0.79 25 Municipal-National 64.49 0.46 -1.04
$128.76 0.64% -0.19%
189.18 -0.64 -2
96.25 -0.68 -2.17
-1.2 -2.5
-0.44 -1.29 part 3 of 3 TOTAL RETURNS THROUGH 9/30/99 (%)
Latest Latest Latest Latest RankF 1 Year*3 Years*5 Years*10 Years*
1 0.45% 5.45% 6.58% -
2 0 - - -
3 0.74 4.18 4.6 -
4 0.72 4.05 4.64 5.44%
5 -0.21 4.84 6.05 -
6 1.67 3.54 4.04 -
7 -0.06 4.99 5.76 -
8 2.42 4.16 4.39 5.21
9 0.77 3.77 3.95 4.64 10 -0.18 4.84 5.7 - 11 1.31 4.11 4.45 - 12 -0.19 4.79 5.54 - 13 -0.58 4.16 5.06 5.71 14 -1.02 4.04 5.25 - 15 2.72 4.09 4.5 - 16 -0.73 - - - 17 0.06 5.18 - - 18 -0.3 4.83 5.39 - 19 -0.44 5 5.43 - 20 -0.5 4.07 4.81 - 21 2.83 4.26 4.69 - 22 -0.17 5.62 6.65 - 23 0.04 4.65 5.36 - 24 -0.32 4.68 5.5 6.43 25 -0.51 4.84 5.55 -
0.34% 4.53% 5.18% 5.49%
-1.66 4.58 5.64 6.48
-1.88 4.35 5.49 6.2
-2.3 4.53 5.76 6.51
-0.69 5.58 6.77 7.38 ===