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AUGUST 31, 2000
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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
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Contents
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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
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Chase Vista Funds are distributed by Vista Fund Distributors, Inc.
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CHASE VISTA MONEY MARKET FUNDS
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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
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CHASE VISTA 100% U.S. TREASURY SECURITIES MONEY MARKET FUND
As of August 31, 2000 (Unaudited)
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Fund Facts
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Objective | High current income consistent with
| capital preservation
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Primary investments | Direct obligations of the U.S. Treasury
| including Treasury bills, bonds and notes
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Suggested investment time frame | Short-term
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Share classes offered | Vista, Premier and Institutional Shares
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Net assets | $4.5 Billion
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Average maturity | 73 days
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S&P Rating | Not Rated
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Moody's Rating | Not Rated
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NAIC Rating | Not Rated
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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
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CHASE VISTA U.S. GOVERNMENT MONEY MARKET FUND
As of August 31, 2000 (Unaudited)
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Fund Facts
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Objective | High current income consistent with
| capital preservation
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Primary investments | Direct obligations of the U.S. Treasury and its
| Agencies including Treasury bills, bonds, notes
| and repurchase agreements
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Suggested investment time frame | Short-term
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Share classes offered | Vista, Premier and Institutional Shares
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Net assets | $7.2 Billion
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Average maturity | 50 days
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S&P Rating* | AAA
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Moody's Rating* | Aaa
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NAIC Rating* | Class 1
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* 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
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CHASE VISTA TREASURY PLUS MONEY MARKET FUND
As of August 31, 2000 (Unaudited)
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Fund Facts
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Objective | High current income consistent with
| capital preservation
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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
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Suggested investment time frame | Short-term
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Share classes offered | Vista, Premier and Institutional Shares
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Net assets | $2.5 Billion
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Average maturity | 4 days
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S&P Rating* | AAA
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Moody's Rating* | Aaa
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NAIC Rating* | Exempt
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* 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
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CHASE VISTA FEDERAL MONEY MARKET FUND
As of August 31, 2000 (Unaudited)
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Fund Facts
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Objective | High current income consistent with
| capital preservation
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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
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Share classes offered | Vista, Premier, Institutional and Reserve Shares
- --------------------------------------------------------------------------------------
Net assets | $1.1 Billion
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Average maturity | 59 days
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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
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CHASE VISTA CASH MANAGEMENT FUND
As of August 31, 2000 (Unaudited)
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Fund Facts
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Objective | High current income consistent with
| capital preservation
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Primary investments | High quality, short-term, U.S. dollar-
| denominated money market instruments
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Suggested investment time frame | Short-term
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Share classes offered | Vista, Premier and Institutional Shares
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Net assets | $11.1 Billion
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Average maturity | 49 days
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S&P Rating | Not Rated
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Moody's Rating | Not Rated
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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
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CHASE VISTA PRIME MONEY MARKET FUND
As of August 31, 2000 (Unaudited)
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Fund Facts
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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
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S&P Rating* | AAA
- --------------------------------------------------------------------------------------------
Moody's Rating* | Aaa
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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
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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
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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
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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
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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
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CHASE VISTA FUNDS[RegTM]
Chase Vista Funds Fulfillment Center
393 Manley Street
West Bridgewater, MA 02379-1039