PILGRIM INVESTMENT FUNDS INC/MD
NSAR-B, EX-27.25, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 061448
<NAME> PILGRIM INVESTMENTS, INC.
<SERIES>
   <NUMBER> 25
   <NAME> PILGRIM HIGH YIELD FUND CLASS Q
<MULTIPLIER> 1000
<CURRENCY> US

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                          285672
<RECEIVABLES>                                     9224
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                18
<TOTAL-ASSETS>                                  316623
<PAYABLE-FOR-SECURITIES>                         10993
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1481
<TOTAL-LIABILITIES>                              12475
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        412069
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (66809)
<ACCUM-APPREC-OR-DEPREC>                       (41113)
<NET-ASSETS>                                    304148
<DIVIDEND-INCOME>                                 4556
<INTEREST-INCOME>                                41985
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    5759
<NET-INVESTMENT-INCOME>                          36230
<REALIZED-GAINS-CURRENT>                       (25618)
<APPREC-INCREASE-CURRENT>                      (31769)
<NET-CHANGE-FROM-OPS>                          (21157)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        38448
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           21157
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                            954
<OVERDIST-NET-GAINS-PRIOR>                       58252
<GROSS-ADVISORY-FEES>                             2205
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   6183
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                             5.93
<PER-SHARE-NII>                                    .69
<PER-SHARE-GAIN-APPREC>                          (.87)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .60
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.15
<EXPENSE-RATIO>                                  (.21)


</TABLE>


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