VALUE TREND FUNDS
NSAR-B, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> LINKS FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                          790,110
<INVESTMENTS-AT-VALUE>                       1,058,892
<RECEIVABLES>                                   70,327
<ASSETS-OTHER>                                   7,379
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,136,598
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,287
<TOTAL-LIABILITIES>                              1,287
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       807,563
<SHARES-COMMON-STOCK>                           71,445
<SHARES-COMMON-PRIOR>                           39,690
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (36,739)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       364,487
<NET-ASSETS>                                 1,135,331
<DIVIDEND-INCOME>                                2,102
<INTEREST-INCOME>                                1,258
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  11,247
<NET-INVESTMENT-INCOME>                        (7,887)
<REALIZED-GAINS-CURRENT>                      (26,321)
<APPREC-INCREASE-CURRENT>                      323,621
<NET-CHANGE-FROM-OPS>                          289,413
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         35,946
<NUMBER-OF-SHARES-REDEEMED>                    (4,191)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         700,811
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (9,859)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           11,247
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 11,247
<AVERAGE-NET-ASSETS>                           731,163
<PER-SHARE-NAV-BEGIN>                            10.95
<PER-SHARE-NII>                                 (0.13)
<PER-SHARE-GAIN-APPREC>                           5.07
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              15.89
<EXPENSE-RATIO>                                   1.25



</TABLE>


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