IAI INVESTMENT FUNDS I INC
NSAR-A, EX-27, 2000-07-31
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK>  0000216725
<NAME> IAI INVESTMENT FUND I, INC.
<SERIES>
   <NUMBER> 1
   <NAME>   IAI Bond Fund

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                              NOV-30-2000
<PERIOD-START>                                 DEC-01-1999
<PERIOD-END>                                   MAY-31-2000
<INVESTMENTS-AT-COST>                          13,030,644
<INVESTMENTS-AT-VALUE>                         12,308,908
<RECEIVABLES>                                  144,180
<ASSETS-OTHER>                                 24,582
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 12,477,887
<PAYABLE-FOR-SECURITIES>                       0
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      8,540
<TOTAL-LIABILITIES>                            8,540
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       16,623,365
<SHARES-COMMON-STOCK>                          1,505,249
<SHARES-COMMON-PRIOR>                          2,212,907
<ACCUMULATED-NII-CURRENT>                      9,907
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (3,451,100)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       (712,825)
<NET-ASSETS>                                   12,469,347
<DIVIDEND-INCOME>                              6,563
<INTEREST-INCOME>                              571,946
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 (69,627)
<NET-INVESTMENT-INCOME>                        508,882
<REALIZED-GAINS-CURRENT>                       (1,228,437)
<APPREC-INCREASE-CURRENT>                      604,398
<NET-CHANGE-FROM-OPS>                          (115,157)
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      (542,283)
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        278,525
<NUMBER-OF-SHARES-REDEEMED>                    (1,047,397)
<SHARES-REINVESTED>                            61,214
<NET-CHANGE-IN-ASSETS>                         (6,613,167)
<ACCUMULATED-NII-PRIOR>                        43,308
<ACCUMULATED-GAINS-PRIOR>                      (2,222,663)
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          (69,335)
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                (74,546)
<AVERAGE-NET-ASSETS>                           15,365,691
<PER-SHARE-NAV-BEGIN>                          8.62
<PER-SHARE-NII>                                .28
<PER-SHARE-GAIN-APPREC>                        (.33)
<PER-SHARE-DIVIDEND>                           (.29)
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            8.28
<EXPENSE-RATIO>                                0.9



</TABLE>


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