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

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> LARGE CAP FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                          694,405
<INVESTMENTS-AT-VALUE>                       1,161,959
<RECEIVABLES>                                   46,549
<ASSETS-OTHER>                                   4,425
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               1,212,933
<PAYABLE-FOR-SECURITIES>                        59,143
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,174
<TOTAL-LIABILITIES>                             60,317
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       749,107
<SHARES-COMMON-STOCK>                           61,088
<SHARES-COMMON-PRIOR>                           28,335
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         31,660
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       371,849
<NET-ASSETS>                                 1,152,616
<DIVIDEND-INCOME>                                1,891
<INTEREST-INCOME>                                1,553
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   9,050
<NET-INVESTMENT-INCOME>                        (5,606)
<REALIZED-GAINS-CURRENT>                        47,125
<APPREC-INCREASE-CURRENT>                      337,049
<NET-CHANGE-FROM-OPS>                          378,568
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         35,684
<NUMBER-OF-SHARES-REDEEMED>                    (2,931)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         841,834
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (10,418)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            9,050
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  9,050
<AVERAGE-NET-ASSETS>                           844,048
<PER-SHARE-NAV-BEGIN>                            10.97
<PER-SHARE-NII>                                 (0.12)
<PER-SHARE-GAIN-APPREC>                           8.02
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              18.87
<EXPENSE-RATIO>                                   1.35



</TABLE>


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