REPUBLIC ADVISOR FUNDS TRUST
NSAR-A/A, 1997-06-30
Previous: CARIBBEAN CIGAR CO, 10KSB40, 1997-06-30
Next: TRAVELERS PROPERTY CASUALTY CORP, S-3, 1997-06-30



<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0001010296
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 REPUBLIC ADVISER FUND'S TRUST
001 B000000 811-07583
001 C000000 6144708000
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 RAFT FIXED INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 RAFT INTERNATIONAL EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 RAFT SMALL CAP EQUITY FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
010 A00AA01 BISYS FUND SERVICES INC
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
011 A00AA01 BISYS FUND SERVICES, INC.
011 B00AA01 8-0000000
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 REPUBLIC NATIONAL BANK OF NEW YORK
012 B00AA01 85-0000000
012 C01AA01 NEW YORK
012 C02AA01 NY
<PAGE>      PAGE  2
012 C03AA01 10018
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02111
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E04AA01 X
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 C000001         0
022 D000001         0
022 C000002         0
022 D000002         0
022 C000003         0
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000          0
023 D000000          0
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
<PAGE>      PAGE  3
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
063 A00AA00   0
063 B00AA00  0.0
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
<PAGE>      PAGE  4
068 B00AA00 N
069  00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 GULF INSURANCE COMPANY
080 C00AA00  2325000
081 A00AA00 Y
081 B00AA00  10
082 A00AA00 Y
082 B00AA00    25000
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 REPUBLIC NATIONAL BANK OF NEW YORK
008 B000101 A
008 C000101 801-000000
008 D010101 NEW YORK
008 D020101 NY
<PAGE>      PAGE  5
008 D030101 10018
008 A000102 MAS
008 B000102 S
008 C000102 801-000000
008 D010102 WEST CONSHOHOCKEN
008 D020102 PA
008 D030102 19428
018  000100 Y
019 A000100 Y
019 B000100    3
019 C000100 REPUBADFDT
028 A010100       417
028 A020100       173
028 A030100         0
028 A040100       368
028 B010100       236
028 B020100       170
028 B030100         0
028 B040100        39
028 C010100      4199
028 C020100       181
028 C030100         0
028 C040100       373
028 D010100     13997
028 D020100       432
028 D030100         0
028 D040100       819
028 E010100       247
028 E020100       249
028 E030100         0
028 E040100       349
028 F010100       902
028 F020100       284
028 F030100         0
028 F040100       274
028 G010100     19998
028 G020100      1489
028 G030100         0
028 G040100      2222
028 H000100         0
045  000100 Y
046  000100 Y
047  000100 Y
048  000100  0.000
048 A010100    50000
048 A020100 0.375
048 B010100    45000
048 B020100 0.250
048 C010100    55000
048 C020100 0.000
048 D010100   100000
<PAGE>      PAGE  6
048 D020100 0.200
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100   250000
048 K020100 0.150
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100  6
072 B000100     1670
072 C000100       14
072 D000100        0
072 E000100        0
072 F000100        0
072 G000100       13
072 H000100        0
072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        5
072 M000100        0
072 N000100        8
072 O000100        0
072 P000100        0
072 Q000100        6
072 R000100        5
072 S000100        4
072 T000100        0
072 U000100        4
072 V000100        0
072 W000100      215
072 X000100      260
072 Y000100       55
072 Z000100     1479
072AA000100      425
072BB000100        0
072CC010100        0
072CC020100      795
072DD010100     1612
072DD020100        0
<PAGE>      PAGE  7
072EE000100       55
073 A010100   0.3400
073 A020100   0.0000
073 B000100   0.0100
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100    61082
074 J000100        0
074 K000100        7
074 L000100        0
074 M000100       27
074 N000100    61116
074 O000100        0
074 P000100        7
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      152
074 S000100        0
074 T000100    60957
074 U010100     5763
074 U020100        0
074 V010100    10.58
074 V020100     0.00
074 W000100   0.0000
074 X000100       47
074 Y000100        0
075 A000100        0
075 B000100    52293
076  000100     0.00
008 A000201 REPUBLIC NATIONAL BANK OF NEW YORK
008 B000201 A
008 C000201 801-000000
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10018
008 A000202 CAPITAL GUARDIAN TRUST CO.
008 B000202 S
008 C000202 801-000000
008 D010202 LOS ANGELES
008 D020202 CA
008 D030202 90071
018  000200 Y
<PAGE>      PAGE  8
019 A000200 Y
019 B000200    3
019 C000200 REPUBADFDT
028 A010200      4333
028 A020200         0
028 A030200         0
028 A040200       871
028 B010200      3409
028 B020200       871
028 B030200         0
028 B040200      1350
028 C010200      1958
028 C020200         0
028 C030200         0
028 C040200      1714
028 D010200      6196
028 D020200         0
028 D030200         0
028 D040200      2224
028 E010200      2782
028 E020200         0
028 E030200         0
028 E040200      1142
028 F010200      2935
028 F020200         0
028 F030200         0
028 F040200       621
028 G010200     21613
028 G020200       871
028 G030200         0
028 G040200      7922
028 H000200         0
045  000200 Y
046  000200 Y
047  000200 Y
048  000200  0.000
048 A010200    25000
048 A020200 0.700
048 B010200    25000
048 B020200 0.550
048 C010200   200000
048 C020200 0.425
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
<PAGE>      PAGE  9
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200   250000
048 K020200 0.375
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200  6
072 B000200      177
072 C000200      977
072 D000200        0
072 E000200        0
072 F000200        0
072 G000200       27
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        5
072 M000200        0
072 N000200       15
072 O000200        0
072 P000200        0
072 Q000200        6
072 R000200        5
072 S000200        9
072 T000200        0
072 U000200        2
072 V000200        0
072 W000200      564
072 X000200      633
072 Y000200      135
072 Z000200      656
072AA000200     2324
072BB000200        0
072CC010200     8243
072CC020200        0
072DD010200      936
072DD020200        0
072EE000200     1290
073 A010200   0.1100
073 A020200   0.0000
073 B000200   0.1500
073 C000200   0.0000
074 A000200        0
074 B000200        0
074 C000200        0
<PAGE>      PAGE  10
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200   120706
074 J000200        0
074 K000200        0
074 L000200      106
074 M000200       14
074 N000200   120826
074 O000200        0
074 P000200       11
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       31
074 S000200        0
074 T000200   120784
074 U010200     9211
074 U020200        0
074 V010200    13.11
074 V020200     0.00
074 W000200   0.0000
074 X000200      104
074 Y000200        0
075 A000200        0
075 B000200   109135
076  000200     0.00
008 A000301 REPUBLIC NATIONAL BANK OF NEW YORK
008 B000301 A
008 C000301 801-000000
008 D010301 NEW YORK
008 D020301 NY
008 D030301 10018
008 A000302 MFS ASSET MANAGEMENT, INC.
008 B000302 S
008 C000302 801-000000
008 D010302 BOSTON
008 D020302 MA
008 D030302 02111
018  000300 Y
019 A000300 Y
019 B000300    3
019 C000300 REPUBADFDT
028 A010300      3685
028 A020300         0
028 A030300         0
028 A040300       944
028 B010300      2923
<PAGE>      PAGE  11
028 B020300       564
028 B030300         0
028 B040300       570
028 C010300      1499
028 C020300         0
028 C030300         0
028 C040300      3428
028 D010300      5788
028 D020300         0
028 D030300         0
028 D040300      2036
028 E010300      2737
028 E020300         0
028 E030300         0
028 E040300       778
028 F010300      2066
028 F020300         0
028 F030300         0
028 F040300      1695
028 G010300     18698
028 G020300       564
028 G030300         0
028 G040300      9451
028 H000300         0
045  000300 Y
046  000300 Y
047  000300 Y
048  000300  0.000
048 A010300    50000
048 A020300 0.750
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300    50000
048 K020300 0.600
071 A000300         0
<PAGE>      PAGE  12
071 B000300         0
071 C000300         0
071 D000300    0
072 A000300  6
072 B000300      220
072 C000300       79
072 D000300        0
072 E000300        0
072 F000300        0
072 G000300       24
072 H000300        0
072 I000300        0
072 J000300        0
072 K000300        0
072 L000300        5
072 M000300        0
072 N000300       15
072 O000300        0
072 P000300        0
072 Q000300        6
072 R000300        5
072 S000300        8
072 T000300        0
072 U000300        2
072 V000300        0
072 W000300      556
072 X000300      621
072 Y000300      126
072 Z000300     -196
072AA000300        0
072BB000300     3909
072CC010300     2815
072CC020300        0
072DD010300        0
072DD020300        0
072EE000300        0
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300    98977
074 J000300        0
074 K000300        0
<PAGE>      PAGE  13
074 L000300        4
074 M000300       43
074 N000300    99024
074 O000300        0
074 P000300        8
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300        6
074 S000300        0
074 T000300    99010
074 U010300     9481
074 U020300        0
074 V010300    10.44
074 V020300     0.00
074 W000300   0.0000
074 X000300       89
074 Y000300        0
075 A000300        0
075 B000300    97729
076  000300     0.00
SIGNATURE   CORY GOSSARD                                 
TITLE       ANALYST             
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> RAFT FIXED INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                        61081866
<RECEIVABLES>                                     6889
<ASSETS-OTHER>                                   27481
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                61116236
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                             158943 
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      60803507
<SHARES-COMMON-STOCK>                          5762726
<SHARES-COMMON-PRIOR>                          3976847
<ACCUMULATED-NII-CURRENT>                        22694
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         292349
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (161257)
<NET-ASSETS>                                  60957293
<DIVIDEND-INCOME>                                13591
<INTEREST-INCOME>                              1670505
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   55448
<NET-INVESTMENT-INCOME>                        1478606
<REALIZED-GAINS-CURRENT>                        424781
<APPREC-INCREASE-CURRENT>                     (794611)
<NET-CHANGE-FROM-OPS>                          1108776
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1612521
<DISTRIBUTIONS-OF-GAINS>                         54690
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1865612
<NUMBER-OF-SHARES-REDEEMED>                     208428  
<SHARES-REINVESTED>                             128695 
<NET-CHANGE-IN-ASSETS>                        18533380
<ACCUMULATED-NII-PRIOR>                         156610
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       77742
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  60756
<AVERAGE-NET-ASSETS>                          52293000
<PER-SHARE-NAV-BEGIN>                            10.67
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                            .02
<PER-SHARE-DIVIDEND>                               .34
<PER-SHARE-DISTRIBUTIONS>                          .01
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.58
<EXPENSE-RATIO>                                    .82
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 021
   <NAME> RAFT INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                       120705643
<RECEIVABLES>                                   105766
<ASSETS-OTHER>                                   14149
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               120825558
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        41709
<TOTAL-LIABILITIES>                              41709
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     102809844
<SHARES-COMMON-STOCK>                          9210503
<SHARES-COMMON-PRIOR>                          8046448
<ACCUMULATED-NII-CURRENT>                       264860
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        2380806
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      15328339
<NET-ASSETS>                                 120783849
<DIVIDEND-INCOME>                               976939
<INTEREST-INCOME>                               176939
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   91388
<NET-INVESTMENT-INCOME>                         656491
<REALIZED-GAINS-CURRENT>                       2323808
<APPREC-INCREASE-CURRENT>                      8242685
<NET-CHANGE-FROM-OPS>                         11222984
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       935863
<DISTRIBUTIONS-OF-GAINS>                       1289883
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       20312973
<NUMBER-OF-SHARES-REDEEMED>                    7664781
<SHARES-REINVESTED>                            2161250
<NET-CHANGE-IN-ASSETS>                        14809442
<ACCUMULATED-NII-PRIOR>                         544232
<ACCUMULATED-GAINS-PRIOR>                      1346880
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  91388
<AVERAGE-NET-ASSETS>                         109135000
<PER-SHARE-NAV-BEGIN>                            12.05
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           1.25
<PER-SHARE-DIVIDEND>                               .11
<PER-SHARE-DISTRIBUTIONS>                          .15
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.11
<EXPENSE-RATIO>                                    .92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000798290
<NAME> REPUBLIC FUNDS
<SERIES>
   <NUMBER> 031
   <NAME> RAFT SMALL CAP EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1997
<PERIOD-START>                             NOV-01-1996
<PERIOD-END>                               APR-30-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                        98977493
<RECEIVABLES>                                    15028
<ASSETS-OTHER>                                   31793
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                99024314
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        14614
<TOTAL-LIABILITIES>                              14614
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      98500905
<SHARES-COMMON-STOCK>                          9480861
<SHARES-COMMON-PRIOR>                          8732842
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          195839
<ACCUMULATED-NET-GAINS>                        2468297
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1763663)
<NET-ASSETS>                                  99009700
<DIVIDEND-INCOME>                                78958
<INTEREST-INCOME>                               220418
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   84394
<NET-INVESTMENT-INCOME>                       (195839)
<REALIZED-GAINS-CURRENT>                     (3909441)
<APPREC-INCREASE-CURRENT>                      2815069
<NET-CHANGE-FROM-OPS>                        (1290211)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        563867
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1529548
<NUMBER-OF-SHARES-REDEEMED>                     834674
<SHARES-REINVESTED>                              53145
<NET-CHANGE-IN-ASSETS>                         6167673
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       217095
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  89530
<AVERAGE-NET-ASSETS>                          97729000
<PER-SHARE-NAV-BEGIN>                            10.63
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .10
<PER-SHARE-DIVIDEND>                               .06
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.44
<EXPENSE-RATIO>                                   1.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission