IAI INVESTMENT FUNDS IV INC
NSAR-B, EX-27, 2000-05-30
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<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>                         0000315543
<NAME>                        IAI INVESTMENT FUNDS IV, INC.
<SERIES>
   <NUMBER>                   1
   <NAME>                     IAI Regional Fund

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              MAR-31-2000
<PERIOD-START>                                 APR-01-1999
<PERIOD-END>                                   MAR-31-2000
<INVESTMENTS-AT-COST>                          154,722,493
<INVESTMENTS-AT-VALUE>                         184,644,067
<RECEIVABLES>                                  6,148,450
<ASSETS-OTHER>                                 65,773
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 190,858,290
<PAYABLE-FOR-SECURITIES>                       66,334
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      623,705
<TOTAL-LIABILITIES>                            690,039
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       135,389,682
<SHARES-COMMON-STOCK>                          9,113,962
<SHARES-COMMON-PRIOR>                          12,970,778
<ACCUMULATED-NII-CURRENT>                      65,426
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        24,791,569
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       29,921,574
<NET-ASSETS>                                   190,168,251
<DIVIDEND-INCOME>                              1,342,737
<INTEREST-INCOME>                              1,394,159
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 (2,743,645)
<NET-INVESTMENT-INCOME>                        (6,749)
<REALIZED-GAINS-CURRENT>                       46,275,035
<APPREC-INCREASE-CURRENT>                      (23,558,321)
<NET-CHANGE-FROM-OPS>                          22,709,965
<EQUALIZATION>                                 9,373,237
<DISTRIBUTIONS-OF-INCOME>                      (578,416)
<DISTRIBUTIONS-OF-GAINS>                       (27,995,666)
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        2,787,368
<NUMBER-OF-SHARES-REDEEMED>                    (8,070,438)
<SHARES-REINVESTED>                            1,426,254
<NET-CHANGE-IN-ASSETS>                         (85,509,498)
<ACCUMULATED-NII-PRIOR>                        902,655
<ACCUMULATED-GAINS-PRIOR>                      13,629,497
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          (2,736,606)
<INTEREST-EXPENSE>                             (7,039)
<GROSS-EXPENSE>                                (2,833,449)
<AVERAGE-NET-ASSETS>                           218,394,464
<PER-SHARE-NAV-BEGIN>                          21.25
<PER-SHARE-NII>                                0
<PER-SHARE-GAIN-APPREC>                        2.32
<PER-SHARE-DIVIDEND>                           (0.05)
<PER-SHARE-DISTRIBUTIONS>                      (2.65)
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            20.87
<EXPENSE-RATIO>                                1.25



</TABLE>


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