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Municipal bond mutual funds, with assets of $25 million or more, ranked
(Dollar amounts in millions)
part 1 of 3
Rank Fund Name Bank
1 CitiFunds National Tax Free Citicorp Inc.
2 Chase Vista Tax Free Income A Chase Manhattan Corp.
3 Northern Tax Exempt Fund Northern Trust Corp.
4 Evergreen NJ Tax Free Y First Union Corp.
5 Evergreen NJ Tax Free A First Union Corp.
6 First American-CA Interm T/F YU.S. Bancorp
7 Norwest Advantage-T/F Income INorwest Corp.
8 Dreyfus Basic Municipal Bond FMellon Bank Corp.
9 Evergreen High Grade Tax Free First Union Corp.
10 Highmark CA TF Inter Fid Union Bank
11 Munder Tax Free Bond K Comerica Bank
12 Evergreen High Grade Tax Free First Union Corp.
13 Norwest Advantage-T/F Income AWells Fargo & Co.
14 Evergreen GA Muni Bond Y First Union Corp.
15 Stagecoach CA Tax Free Bd I (Norwest Corp.
16 Dreyfus CA Tax Exempt Bond Mellon Bank Corp.
17 Chase Vista NY Tax Free IncomeChase Manhattan Corp.
18 Munder MI Triple Tax-Free BondComerica Bank
19 Dreyfus Insured Muni Bond Mellon Bank Corp.
20 Dreyfus CA Intermediate Muni Mellon Bank Corp.
21 Dreyfus MA Tax Exempt Bond Mellon Bank Corp.
22 WM CA Ins Interm Muni A Washington Mutual
23 STI Classic Inv Grade T/E Tr SunTrust Banks Inc.
24 Stagecoach CA Tax Free Bd A Wells Fargo & Co.
25 STI Classic FL Tax Exempt Tr SunTrust Banks Inc.
Average of the top 25 bank proprietary municipal mutual funds with
Average of the 228 bank proprietary municipal mutual funds with
Average of the 490 bank proprietary municipal mutual funds
Nonbank Muni Avg
Lehman Bros Muni
part 2 of 3
Fund Assets Thrid Year
Investment Objective 6/30/98 Quarter to Date
1 Municipal - National $33.20 4.11 9.02
2 Municipal - National 59.53 3.93 6.34
3 Municipal - National 178.83 3.76 5.98
4 Municipal - Single St 110.49 3.7 6.06
5 Municipal - Single St 32.18 3.67 5.99
6 Municipal - Single St 36.3 3.67 5.87
7 Municipal - National 289.99 3.64 6.36
8 Municipal - National 159.06 3.64 6.52
9 Municipal - National 26 3.63 5.81
10 Municipal - Single St 158.76 3.62 6.02
11 Municipal - National 194.1 3.57 5.29
12 Municipal - National 62.96 3.57 5.61
13 Municipal - National 35.28 3.55 6.26
14 Municipal - Single St 67.54 3.54 5.99
15 Municipal - Single St 82.58 3.54 6.44
16 Municipal - Single St 1309.25 3.53 5.8
17 Municipal - Single St 101.9 3.52 6.08
18 Municipal - Single St 57.6 3.51 5.77
19 Municipal - Insured 191.22 3.5 5.64
20 Municipal - Single St 202.67 3.47 5.59
21 Municipal - Single St 155.51 3.47 6.05
22 Municipal - Insured 38.83 3.45 5.29
23 Municipal - National 145.58 3.45 6.24
24 Municipal - Single St 499.72 3.44 6.4
25 Municipal - Single St 94.65 3.44 5.83
Average $172.95 3.6 6.09
Average 181.52 2.95 5.27
Average 88.28 2.9 5.07
Non 174.36 2.76 5.09
Leh na 1.8 4.54
part 3 of 3
Latest Latest Latest Latest
Investment 1 Year 3 Years 5 Year 10 Year
1 Municipa 11.93 9.48
2 Municipa 9.47 8.21 5.68 8.87
3 Municipa 8.96 7.66
4 Municipa 9.15
5 Municipa 9.05 7.3 5.66
6 Municipa 7.8
7 Municipa 10.03 8.84 6.65
8 Municipa 9.93 9.26
9 Municipa 8.83 7.78
10 Municipa 8.08 7.04
11 Municipa 8.68 7.25
12 Municipa 8.56 7.52 5.8
13 Municipa 10.03 8.84 6.63
14 Municipa 10.12 8.76
15 Municipa 9.07 8.18 6.23
16 Municipa 8.98 7.22 4.86 6.95
17 Municipa 9.47 7.78 5.7 8.31
18 Municipa 9.35 7.61
19 Municipa 8.94 6.98 4.43 7.15
20 Municipa 7.85 6.52 5.11
21 Municipa 9.53 7.9 5.69 7.61
22 Municipa 7.2 6.48
23 Municipa 8.88 7.54
24 Municipa 8.98 8.15 6.22
25 Municipa 8.64 7.01
Average 9.1 7.8 5.72 7.78
Average 7.86 6.93 5.4 7.67
Average 7.61 6.7 5.22 7.3
Non 7.82 7.17 5.42 7.59
Leh 7.37 7.47 6.13 8.22