3. Red Section I
A potentially higher yielding alternative
Yield comparison as of 6/30/02
7%
5.80%
6%
5.28%
4.54%
5%
4%
2.70%
3%
2%
1.12%
1%
0%
Evergreen Lipper Taxable 1-Year 30-Year Lipper A-Rated
Adjustable Rate Money Market Treasury Bill Treasury Bond Corporate Debt
Bond Fund Fund Average Fund Average
Distribution Yield
A Shares @ NAV
4. A history of price stability
Evergreen Adjustable Rate Fund; I Nav History 05-31-02
$14
$13
$12
Share price
$11
$10
$9
$8
$7
$6
Jun-02
Inpct.
Sep-92
Sep-93
Sep-94
Sep-95
Sep-96
Sep-97
Sep-98
Sep-99
Sep-00
Sep-02
Evergreen Adjustable Rate Fund
Past performance is no guarantee of future results.
5. Tan Section
Performance
Adjustable Rate Fund
Average annual returns as of 6/30/02
Since inception
1 year 5 years 10 years (XX/XX/XX)
A X.XX% X.XX% X.XX% X.XX%
A @ NAV X.XX X.XX X.XX X.XX
B X.XX X.XX X.XX X.XX
B @ NAV X.XX X.XX X.XX X.XX
C X.XX X.XX X.XX X.XX
C @ NAV X.XX X.XX X.XX X.XX
Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that investors’ shares, when redeemed, may be worth more or less than
their original cost. Returns on shares at NAV do not reflect sal es charges. Maximum sales charges for Class A are 3.25%, for Cla ss B are 5.00% and for Class C are 2.00%. Source: Lipper
Inc., an industry research firm. Historical performance for Classes A, B and C prior to their inception is based on the performance of the fund’s I shares, the original class offered. The
historical returns for Classes A, B and C have not been adjusted to reflect the effect of each class’ 12b-1 fees. These fees for Classes A, B and C are 0.21%, 1.00% and 1.00%,
respectively. Class I does not pay a 12b-1 fee. If these fees had been reflected, returns would have been lower. The advisor is waiving a portion of its advisory fee. Ha d the fee not
been waived, returns would have been lower. Investment return an d principal value of an investment will fluctuate so that investors’ shares, when redeemed, may be worth more or
less than their original cost. Performance includes the reinvestment of income dividends and capital gains distributions. The fund’ s investment objective is nonfundamental and may be
changed without the vote of the fund’s shareholders. The fund attempts to maintain a stable net asset value, but can still be volatile in times of rising or falling interest rates. During
periods of rising interest rates, investors stand to make more m oney, but homeowners faced with the prospect of paying more tend to prepay, prematurely canceling the investor’s
expected income. During periods of falling interest rates, the value of adjustable-rate mortgages increases slower relative to other fixed income securities. It is not possible to invest in
an index or an average. Portfolio holdings are subject to change.
