MORGAN STANLEY DEAN WITTER MID CAP DIVIDEND GROWTH SEC
NSAR-A, 1999-10-28
Previous: QUESTAR FUNDS INC, 485APOS, 1999-10-28
Next: RECKSON SERVICES INDUSTRIES INC, 8-K, 1999-10-28



<PAGE>      PAGE  1
000 A000000 08/31/1999
000 C000000 0001051872
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MSDW MID-CAP DIVIDEND GROWTH SECURITIES
001 B000000 811-8577
001 C000000 2123921600
002 A000000 TWO WORLD TRADE CENTER
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
<PAGE>      PAGE  2
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
007 C017100 71
007 C017200 72
007 C017300 73
007 C017400 74
007 C017500 75
007 C017600 76
007 C017700 77
007 C017800 78
007 C017900 79
007 C018000 80
<PAGE>      PAGE  3
007 C018100 81
007 C018200 82
007 C018300 83
007 C018400 84
007 C018500 85
007 C018600 86
007 C018700 87
007 C018800 88
007 C018900 89
007 C019000 90
008 A000001 MORGAN STANLEY DEAN WITTER ADVISORS INC.
008 B000001 A
008 C000001 801-42061
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
011 A000001 MORGAN STANLEY DEAN WITTER DISTRIBUTORS INC.
011 B000001 8-45262
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10048
012 A000001 MORGAN STANLEY DEAN WITTER TRUST FSB
012 B000001 84-1785
012 C010001 JERSEY CITY
012 C020001 NJ
012 C030001 07311
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10036
014 A000001 DEAN WITTER REYNOLDS INC.
014 B000001 8-14172
014 A000002 MORGAN STANLEY & CO. INCORPORATED
014 B000002 8-15869
015 A000001 THE BANK OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10286
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  127
019 C000000 MSDW-FUNDS
020 A000001 SMITH BARNEY INC.
020 B000001 13-1912900
020 C000001    112
020 A000002 MORGAN STANLEY & CO. INCORPORATED
020 B000002 13-2655998
020 C000002     99
020 A000003 DEAN WITTER REYNOLDS INC.
<PAGE>      PAGE  4
020 B000003 94-1671384
020 C000003     94
020 A000004 DONALDSON,LUFKIN & JENRETTE SEC.
020 B000004 13-2741729
020 C000004     88
020 A000005 WHEAT FIRST BUTCHER SINGER, INC.
020 B000005 54-0796506
020 C000005     83
020 A000006 MERRILL LYNCH, PIERCE,FENNER & SMITH INC.
020 B000006 13-5674085
020 C000006     81
020 A000007 WEEDEN & CO. L.P.
020 B000007 13-3364318
020 C000007     64
020 A000008 RAYMOND JAMES & ASSOCIATES, INC.
020 B000008 59-1237041
020 C000008     57
020 A000009 LYNCH JONES & RYAN, INC.
020 B000009 13-3356934
020 C000009     55
020 A000010 CS FIRST BOSTON CORP.
020 B000010 13-5659485
020 C000010     51
021  000000     1540
022 A000001 BANC OF AMERICA SECURITIES LLC
022 B000001 56-2058405
022 C000001    632184
022 D000001      2361
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002    413469
022 D000002      2607
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003    335265
022 D000003       984
022 A000004 BANK OF NEW YORK (THE)
022 B000004 13-5160382
022 C000004    230060
022 D000004         0
022 A000005 SMITH BARNEY INC.
022 B000005 13-1912900
022 C000005      6095
022 D000005     11928
022 A000006 NEEDHAM & CO., INC.
022 B000006 13-3255839
022 C000006      1290
022 D000006      5374
022 A000007 IN HOUSE TRADE - AMERICAN OPPORTUNITIES
022 B000007 13-3013834
022 C000007         0
<PAGE>      PAGE  5
022 D000007      6400
022 A000008 PAINEWEBBER INC.
022 B000008 13-2638166
022 C000008      1945
022 D000008      4075
022 A000009 BEAR, STERNS & CO. INC.
022 B000009 13-3299429
022 C000009      4275
022 D000009         0
022 A000010 CS FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010      3608
022 D000010       168
023 C000000    1638325
023 D000000      57526
024  000000 Y
025 A000001 THE BANK OF NEW YORK
025 B000001 13-5160382
025 C000001 D
025 D000001    9462
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000      4474
028 A020000         0
028 A030000         0
028 A040000     19329
028 B010000      5069
028 B020000         0
028 B030000         0
028 B040000     21322
028 C010000      7854
028 C020000         0
028 C030000         0
028 C040000     12038
028 D010000      3199
028 D020000         0
<PAGE>      PAGE  6
028 D030000         0
028 D040000      8993
028 E010000      3135
028 E020000         0
028 E030000         0
028 E040000     13667
028 F010000      2388
028 F020000         0
028 F030000         0
028 F040000     14623
028 G010000     26119
028 G020000         0
028 G030000         0
028 G040000     89972
028 H000000     18006
029  000000 Y
030 A000000     17
030 B000000  5.25
030 C000000  0.00
031 A000000      0
031 B000000      1
032  000000      0
033  000000     16
034  000000 Y
035  000000    727
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000 100
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000   1427
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.750
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
<PAGE>      PAGE  7
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000     1000
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
<PAGE>      PAGE  8
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 Y
<PAGE>      PAGE  9
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    264634
071 B000000    340140
071 C000000    280821
071 D000000   94
072 A000000  6
072 B000000      306
072 C000000     2906
072 D000000        0
072 E000000        0
072 F000000     1132
072 G000000        0
072 H000000        0
072 I000000      309
072 J000000       20
072 K000000        0
072 L000000       17
072 M000000        7
072 N000000       69
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       13
072 S000000       13
072 T000000     1427
072 U000000        7
072 V000000        5
072 W000000        0
072 X000000     3019
072 Y000000        0
072 Z000000      193
072AA000000    31074
072BB000000    69754
072CC010000    41506
072CC020000        0
072DD010000        0
072DD020000        0
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
<PAGE>      PAGE  10
073 C000000   0.0000
074 A000000        0
074 B000000     9462
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000   236480
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000     3666
074 K000000     2747
074 L000000      318
074 M000000      181
074 N000000   252854
074 O000000        0
074 P000000      424
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      389
074 S000000        0
074 T000000   252041
074 U010000    30347
074 U020000     1909
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000    35875
074 Y000000        0
075 A000000        0
075 B000000   300322
076  000000     0.00
077 A000000 N
078  000000 N
080 C000000        0
081 B000000   0
082 B000000        0
083 B000000        0
084 B000000        0
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
<PAGE>      PAGE  11
086 F010000      0
086 F020000      0
SIGNATURE   BARRY FINK
TITLE       VICE PRESIDENT


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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER MID-CAP DIVIDEND GROWTH SECURITIES
SEMI-ANUAL FDS CLASS D
AGUST 31, 1999
</LEGEND>
<CIK> 0001051872
<NAME> MSDW MID-CAP DIVIDEND GROWTH SECURITIES - CLASS D

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-29-2000
<PERIOD-END>                               AUG-31-1999
<INVESTMENTS-AT-COST>                      263,688,493
<INVESTMENTS-AT-VALUE>                     245,941,561
<RECEIVABLES>                                6,731,456
<ASSETS-OTHER>                                 180,687
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             252,853,704
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    (812,816)
<TOTAL-LIABILITIES>                          (812,816)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   342,830,964
<SHARES-COMMON-STOCK>                           91,502
<SHARES-COMMON-PRIOR>                          189,690
<ACCUMULATED-NII-CURRENT>                      193,265
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (73,236,409)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (17,746,932)
<NET-ASSETS>                                   720,073
<DIVIDEND-INCOME>                            2,906,414
<INTEREST-INCOME>                              305,802
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,018,951)
<NET-INVESTMENT-INCOME>                        193,265
<REALIZED-GAINS-CURRENT>                  (38,680,058)
<APPREC-INCREASE-CURRENT>                   41,505,829
<NET-CHANGE-FROM-OPS>                        3,019,036
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        936,438
<NUMBER-OF-SHARES-REDEEMED>                (1,034,626)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (60,834,779)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (34,556,351)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                      (1,132,360)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (3,018,951)
<AVERAGE-NET-ASSETS>                         1,543,623
<PER-SHARE-NAV-BEGIN>                             7.83
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.87
<EXPENSE-RATIO>                                   1.05


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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER MID-CAP DIVIDEND GROWTH SECURITIES
SEMI-ANUAL FDS CLASS C
AGUST 31, 1999
</LEGEND>
<CIK> 0001051872
<NAME> MSDW MID-CAP DIVIDEND GROWTH SECURITIES - CLASS C

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-29-2000
<PERIOD-END>                               AUG-31-1999
<INVESTMENTS-AT-COST>                      263,688,493
<INVESTMENTS-AT-VALUE>                     245,941,561
<RECEIVABLES>                                6,731,456
<ASSETS-OTHER>                                 180,687
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             252,853,704
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    (812,816)
<TOTAL-LIABILITIES>                          (812,816)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   342,830,964
<SHARES-COMMON-STOCK>                        1,817,833
<SHARES-COMMON-PRIOR>                        2,311,718
<ACCUMULATED-NII-CURRENT>                      193,265
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (73,236,409)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (17,746,932)
<NET-ASSETS>                                14,234,691
<DIVIDEND-INCOME>                            2,906,414
<INTEREST-INCOME>                              305,802
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,018,951)
<NET-INVESTMENT-INCOME>                        193,265
<REALIZED-GAINS-CURRENT>                  (38,680,058)
<APPREC-INCREASE-CURRENT>                   41,505,829
<NET-CHANGE-FROM-OPS>                        3,019,036
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         83,746
<NUMBER-OF-SHARES-REDEEMED>                  (577,631)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (60,834,779)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (34,556,351)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                      (1,132,360)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (3,018,951)
<AVERAGE-NET-ASSETS>                        17,341,546
<PER-SHARE-NAV-BEGIN>                             7.82
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (0.01)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.83
<EXPENSE-RATIO>                                   1.57


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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER MID-CAP DIVIDEND GROWTH SECURITIES
SEMI-ANUAL FDS CLASS B
AGUST 31, 1999
</LEGEND>
<CIK> 0001051872
<NAME> MSDW MID-CAP DIVIDEND GROWTH SECURITIES - CLASS B

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-29-2000
<PERIOD-END>                               AUG-31-1999
<INVESTMENTS-AT-COST>                      263,688,493
<INVESTMENTS-AT-VALUE>                     245,941,561
<RECEIVABLES>                                6,731,456
<ASSETS-OTHER>                                 180,687
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             252,853,704
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    (812,816)
<TOTAL-LIABILITIES>                          (812,816)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   342,830,964
<SHARES-COMMON-STOCK>                       29,441,414
<SHARES-COMMON-PRIOR>                       36,299,590
<ACCUMULATED-NII-CURRENT>                      193,265
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (73,236,409)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (17,746,932)
<NET-ASSETS>                               229,979,568
<DIVIDEND-INCOME>                            2,906,414
<INTEREST-INCOME>                              305,802
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,018,951)
<NET-INVESTMENT-INCOME>                        193,265
<REALIZED-GAINS-CURRENT>                  (38,680,058)
<APPREC-INCREASE-CURRENT>                   41,505,829
<NET-CHANGE-FROM-OPS>                        3,019,036
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,963,957
<NUMBER-OF-SHARES-REDEEMED>                (8,822,133)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (60,834,779)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (34,556,351)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                      (1,132,360)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (3,018,951)
<AVERAGE-NET-ASSETS>                       272,646,126
<PER-SHARE-NAV-BEGIN>                             7.82
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                         (0.01)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.81
<EXPENSE-RATIO>                                   2.05


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
MORGAN STANLEY DEAN WITTER MID-CAP DIVIDEND GROWTH SECURITIES
SEMI-ANUAL FDS CLASS A
AGUST 31, 1999
</LEGEND>
<CIK> 0001051872
<NAME> MSDW MID-CAP DIVIDEND GROWTH SECURITIES - CLASS A

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          FEB-29-2000
<PERIOD-END>                               AUG-31-1999
<INVESTMENTS-AT-COST>                      263,688,493
<INVESTMENTS-AT-VALUE>                     245,941,561
<RECEIVABLES>                                6,731,456
<ASSETS-OTHER>                                 180,687
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             252,853,704
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    (812,816)
<TOTAL-LIABILITIES>                          (812,816)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   342,830,964
<SHARES-COMMON-STOCK>                          905,385
<SHARES-COMMON-PRIOR>                        1,218,589
<ACCUMULATED-NII-CURRENT>                      193,265
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (73,236,409)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (17,746,932)
<NET-ASSETS>                                 7,106,556
<DIVIDEND-INCOME>                            2,906,414
<INTEREST-INCOME>                              305,802
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (3,018,951)
<NET-INVESTMENT-INCOME>                        193,265
<REALIZED-GAINS-CURRENT>                  (38,680,058)
<APPREC-INCREASE-CURRENT>                   41,505,829
<NET-CHANGE-FROM-OPS>                        3,019,036
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         95,498
<NUMBER-OF-SHARES-REDEEMED>                  (408,702)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                    (60,834,779)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (34,556,351)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                      (1,132,360)
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                            (3,018,951)
<AVERAGE-NET-ASSETS>                         8,790,263
<PER-SHARE-NAV-BEGIN>                             7.83
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                         (0.02)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.85
<EXPENSE-RATIO>                                   1.30


</TABLE>


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