On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Directors of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into the Funds.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code.
---------------------------------------------------------------- ------------------------------------------------------
Acquiring Fund Target Fund
---------------------------------------------------------------- ------------------------------------------------------
---------------------------------------------------------------- ------------------------------------------------------
Xxxxx Fargo Advantage Intermediate Tax-Free Fund Investor Class Strong Intermediate Municipal Bond Fund Investor
Class
---------------------------------------------------------------- ------------------------------------------------------
On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Trustees of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into certain Funds of the Trust.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code. The following is a summary of
shares outstanding and net assets immediately before and after the
reorganization:
-------------------------------------------------------------------------------------------------------------
Before After Reorganization
Reorganization
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Target Funds Acquiring
Fund*
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Fund Strong Minnesota Xxxxx Fargo Xxxxx Fargo Advantage
Tax Free Fund Advantage Minnesota Tax Free
Minnesota Tax Fund
Free Fund
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Shares: **
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Class C 38,703 3,583,591 3,619,994
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Investor Class 438,001 - -
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Class Z - - 411,931
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Net Asset: **
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Class C $399,197 $39,298,270 $39,697,467
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Investor Class $4,517,303 - -
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Class Z - - $4,517,303
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Unrealized appreciation $37,436 $10,155,935 $10,193,371
(deprecation)
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Accumulated net realized ($59) ($293,680) ($293,739)
losses
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
* Designates the accounting survivor.
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
**Included only the Xxxxx Fund classes which received assets from a Strong Fund
-------------------------------------------------------------------------------------------------------------
On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Directors of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into the Funds.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code.
------------------------------------------------------------------- --------------------------------------------------
Acquiring Fund Target Fund
------------------------------------------------------------------- --------------------------------------------------
------------------------------------------------------------------- --------------------------------------------------
Xxxxx Fargo Advantage Municipal Money Market Fund Investor Class Strong Municipal Money Market Fund Investor Class
------------------------------------------------------------------- --------------------------------------------------
On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Trustees of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into certain Funds of the Trust.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code. The following is a summary of
shares outstanding and net assets immediately before and after the
reorganization:
-------------------------------------------------------------------------------------------------------------
Before After Reorganization
Reorganization
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Target Funds Acquiring
Fund*
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Fund Strong Short-Term Strong Short-Term Xxxxx Fargo Advantage
High Yield Municipal Bond Short-Term Municipal
Municipal Bond Fund Fund Bond Fund
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Shares:
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Investor Class 14,793,422 54,049,649 68,311,827
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Class C - 816,728 816,728
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Net Asset:
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Investor Class $139,729,863 $529,536,943 $669,266,806
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Class C - $7,995,461 $7,995,461
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Unrealized appreciation $546,423 ($781,435) ($235,012)
(deprecation)
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
Accumulated net realized ($11,463,489) ($2,018,191) ($13,481,680)
losses
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------
* Designates the accounting survivor.
-------------------------------------------------------------------------------------------------------------
On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Trustees of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into certain Funds of the Trust.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code. The following is a summary of
shares outstanding and net assets immediately before and after the
reorganization:
---------------------------------------------------------------------------------------------------------------------
Before After Reorganization
Reorganization
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Strong Target Funds Acquiring Fund*
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Fund Strong Florida Strong Tax-Free Xxxxx Fargo Advantage Xxxxx Fargo Advantage
Money Market Fund Money Market Fund National Tax-Free National Tax-Free
Money Market Fund Money Market Fund
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Shares:
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Class A - - 737,549,078 737,549,078
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Administrator Class - - - 985,703,543
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Institutional Class - - 1,199,764,926 1,199,764,926
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Investor Class 30,786,610 954,893,645 - -
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Class S - - 1,202,555,668 1,202,555,668
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Net Asset:
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Class A - - $737,558,524 $737,558,524
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Administrator Class - - - $985,703,543
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Institutional Class - - $1,199,677,280 $1,199,677,280
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Investor Class $30,786,713 $954,916,830 - -
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Class S - - $1,202,699,898 $1,202,699,898
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Unrealized appreciation - - - -
(deprecation)
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
Accumulated net realized - ($31,969) - ($31,969)
losses
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------
* Designates the accounting survivor.
---------------------------------------------------------------------------------------------------------------------
On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Directors of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into the Funds.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code.
------------------------------------------------------------------------ -----------------------------------------------------
Acquiring Fund Target Fund
------------------------------------------------------------------------ -----------------------------------------------------
------------------------------------------------------------------------ -----------------------------------------------------
Xxxxx Fargo Advantage Ultra Short-Term Income Fund Advisor Class Strong Ultra Short-Term Income Fund Advisor Class
------------------------------------------------------------------------ -----------------------------------------------------
------------------------------------------------------------------------ -----------------------------------------------------
Xxxxx Fargo Advantage Ultra Short-Term Income Fund Administrator Class New
------------------------------------------------------------------------ -----------------------------------------------------
------------------------------------------------------------------------ -----------------------------------------------------
Xxxxx Fargo Advantage Ultra Short-Term Income Fund Institutional Class Strong Ultra Short-Term Income Fund Institutional
Class
------------------------------------------------------------------------ -----------------------------------------------------
------------------------------------------------------------------------ -----------------------------------------------------
Xxxxx Fargo Advantage Ultra Short-Term Income Fund Investor Class Strong Ultra Short-Term Income Fund Investor Class
------------------------------------------------------------------------ -----------------------------------------------------
On September 13, 2004, the Board of Trustees of the Xxxxx Fargo Funds
Trust and the Board of Directors of the Strong Funds ("Strong Funds")
approved an Agreement and Plan of Reorganization providing for the
reorganization of certain Strong Funds into the Funds.
Effective at the close of business on April 8, 2005, the following
Acquiring Funds ("Acquiring Funds") acquired all of the net assets of the
following Target Funds ("Target Funds") through a tax-free exchange under
section 368 of the Internal Revenue Code.
------------------------------------------------------------------------ -----------------------------------------------------
Acquiring Fund Target Fund
------------------------------------------------------------------------ -----------------------------------------------------
------------------------------------------------------------------------ -----------------------------------------------------
Xxxxx Fargo Advantage Wisconsin Tax-Free Fund Class C Strong Wisconsin Tax-Free Fund Class C
------------------------------------------------------------------------ -----------------------------------------------------
------------------------------------------------------------------------ -----------------------------------------------------
Xxxxx Fargo Advantage Wisconsin Tax-Free Fund Investor Class Strong Wisconsin Tax-Free Fund Investor Class
------------------------------------------------------------------------ -----------------------------------------------------
