PITCAIRN FUNDS
NSAR-B, EX-27, 2001-01-02
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001114580
<NAME> PITCAIRN FUNDS
<SERIES>
   <NUMBER> 020
   <NAME> DIVERSIFIED VALUE
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-START>                              AUG-4-2000
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                           156861
<INVESTMENTS-AT-VALUE>                          166643
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               279
<TOTAL-ASSETS>                                  166922
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1099
<TOTAL-LIABILITIES>                               1099
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        156082
<SHARES-COMMON-STOCK>                            15766
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          205
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (246)
<ACCUM-APPREC-OR-DEPREC>                          9782
<NET-ASSETS>                                    165823
<DIVIDEND-INCOME>                                  597
<INTEREST-INCOME>                                    7
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (349)
<NET-INVESTMENT-INCOME>                            255
<REALIZED-GAINS-CURRENT>                         (246)
<APPREC-INCREASE-CURRENT>                         6837
<NET-CHANGE-FROM-OPS>                             6846
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (64)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         164355
<NUMBER-OF-SHARES-REDEEMED>                     (5315)
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                          165823
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              244
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    426
<AVERAGE-NET-ASSETS>                            148342
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                           0.51
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.52
<EXPENSE-RATIO>                                   1.00


</TABLE>


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