OPPENHEIMER INTEGRITY FUNDS
NSAR-A, 1999-08-25
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<PAGE>      PAGE  1
000 A000000 06/30/99
000 C000000 0000701265
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 OPPENHEIMER INTEGRITY FUNDS
001 B000000 811-3420
001 C000000 3037683200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
002 C000000 CO
002 D010000 80112
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C020500 OPPENHEIMER BOND FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 OPPENHEIMERFUNDS DISTRIBUTOR, INC.
011 B00AA01 8-22992
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10048
011 C04AA01 0203
012 A00AA01 OPPENHEIMERFUNDS SERVICES
012 B00AA01 84-1562
012 C01AA01 ENGLEWOOD
012 C02AA01 CO
012 C03AA01 80112
012 C04AA01 3924
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 DENVER
013 B02AA01 CO
013 B03AA01 80202
015 A00AA01 THE BANK OF NEW YORK
<PAGE>      PAGE  2
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10015
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   47
019 C00AA00 OPPENHEIMR
020 A000001 R.J. O'BRIEN
020 C000001     37
020 A000002 PAINE WEBER INC
020 B000002 13-2638166
020 C000002     22
020 A000003 GOLDMAN SACHS CONVERTIBLE
020 B000003 13-5108880
020 C000003      8
020 A000004 DEUTSCHE BANK-FOREIGN
020 C000004      6
020 A000005 CAPITAL INSTITL SERV
020 C000005      1
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       74
022 A000001 FIRST CHICAGO CAPITAL MARKET
022 B000001 36-3595942
022 C000001   2240169
022 D000001         0
022 A000002 PAINE WEBER INC
022 B000002 13-2638166
022 C000002    457360
022 D000002     20277
022 A000003 ZION NATIONAL BANK
022 B000003 87-0189025
022 C000003    207500
022 D000003         0
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004    102350
022 D000004     72037
022 A000005 SALOMON SMITH BARNEY
022 B000005 13-3082694
022 C000005     88477
022 D000005     84399
022 A000006 LEHMAN BROTHERS
022 B000006 13-2518466
022 C000006     70120
022 D000006     67569
<PAGE>      PAGE  3
022 A000007 SBC WARBURG
022 B000007 13-2994695
022 C000007     32704
022 D000007     35445
022 A000008 GREENWICH SECURITIES INC.
022 B000008 13-2697091
022 C000008     26035
022 D000008     34036
022 A000009 EVEREN SECS
022 B000009 36-3223831
022 C000009     20088
022 D000009     24475
022 A000010 CS FIRST BOSTON
022 B000010 13-5659485
022 C000010     22221
022 D000010     15286
023 C000000    3348364
023 D000000     393046
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 Y
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
<PAGE>      PAGE  4
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00       25
077 A000000 N
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE
080 C00AA00    92000
081 A00AA00 Y
081 B00AA00  86
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000501 OPPENHEIMERFUNDS, INC.
008 B000501 A
008 C000501 801-8253
008 D010501 NEW YORK
008 D020501 NY
008 D030501 10048
008 D040501 0203
028 A010500     15768
028 A020500        -1
<PAGE>      PAGE  5
028 A030500         0
028 A040500      9412
028 B010500     17530
028 B020500      1342
028 B030500         0
028 B040500      9128
028 C010500     19771
028 C020500      1296
028 C030500         0
028 C040500     10215
028 D010500     11353
028 D020500      1522
028 D030500         0
028 D040500      9100
028 E010500     11328
028 E020500      1536
028 E030500         0
028 E040500      9196
028 F010500     10293
028 F020500      2973
028 F030500         0
028 F040500      9241
028 G010500     86043
028 G020500      8668
028 G030500         0
028 G040500     56292
028 H000500     35527
029  000500 Y
030 A000500    478
030 B000500  4.75
030 C000500  0.00
031 A000500    131
031 B000500      0
032  000500    347
033  000500      0
034  000500 Y
035  000500    203
036 A000500 N
036 B000500      0
042 A000500   0
042 B000500   0
042 C000500   0
042 D000500 100
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500    894
044  000500      0
045  000500 Y
046  000500 N
<PAGE>      PAGE  6
047  000500 Y
048  000500  0.000
048 A010500   200000
048 A020500 0.750
048 B010500   200000
048 B020500 0.720
048 C010500   200000
048 C020500 0.690
048 D010500   200000
048 D020500 0.660
048 E010500   200000
048 E020500 0.600
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500  1000000
048 K020500 0.500
055 A000500 Y
055 B000500 N
056  000500 N
057  000500 N
062 A000500 Y
062 B000500   0.0
062 C000500   0.0
062 D000500   3.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   1.0
062 N000500  20.7
062 O000500   0.0
062 P000500  55.8
062 Q000500  19.5
062 R000500   2.0
063 A000500   0
063 B000500 20.9
064 A000500 N
064 B000500 Y
065  000500 N
<PAGE>      PAGE  7
066 A000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 Y
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 Y
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 Y
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500    426356
071 B000500    361112
071 C000500    358080
071 D000500  101
072 A000500  6
072 B000500    14113
072 C000500      279
072 D000500        0
072 E000500        0
072 F000500     1356
<PAGE>      PAGE  8
072 G000500        0
072 H000500        0
072 I000500      330
072 J000500       18
072 K000500       53
072 L000500       50
072 M000500        3
072 N000500       26
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        7
072 S000500        4
072 T000500      894
072 U000500        0
072 V000500        0
072 W000500       21
072 X000500     2762
072 Y000500        9
072 Z000500    11639
072AA000500     8833
072BB000500     9866
072CC010500        0
072CC020500    17753
072DD010500     8259
072DD020500     2696
072EE000500        0
073 A010500   0.3458
073 A020500   0.3059
073 B000500   0.0000
073 C000500   0.0000
074 A000500       60
074 B000500    11300
074 C000500        0
074 D000500   364735
074 E000500     2111
074 F000500       44
074 G000500        0
074 H000500      161
074 I000500     5395
074 J000500     4241
074 K000500        0
074 L000500     6153
074 M000500        6
074 N000500   394206
074 O000500    16443
074 P000500       57
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
<PAGE>      PAGE  9
074 R040500     1548
074 S000500        0
074 T000500   376158
074 U010500    24548
074 U020500     9514
074 V010500    10.33
074 V020500    10.32
074 W000500   0.0000
074 X000500    22341
074 Y000500    18389
075 A000500        0
075 B000500   371666
076  000500     0.00
SIGNATURE   BRIAN W. WIXTED
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>                701265
<NAME>               Oppenheimer Bond Fund - A
<SERIES>
   <NUMBER>          5
   <NAME>            Oppenheimer Integrity Funds

<S>                                                                  <C>
<PERIOD-TYPE>                                                        6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1999
<PERIOD-START>                                                       JAN-01-1999
<PERIOD-END>                                                         JUN-30-1999
<INVESTMENTS-AT-COST>                                                              395,897,598
<INVESTMENTS-AT-VALUE>                                                             383,746,270
<RECEIVABLES>                                                                       10,393,410
<ASSETS-OTHER>                                                                           6,017
<OTHER-ITEMS-ASSETS>                                                                    60,364
<TOTAL-ASSETS>                                                                     394,206,061
<PAYABLE-FOR-SECURITIES>                                                            16,443,050
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            1,604,801
<TOTAL-LIABILITIES>                                                                 18,047,851
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                           391,893,212
<SHARES-COMMON-STOCK>                                                               24,548,225
<SHARES-COMMON-PRIOR>                                                               22,711,225
<ACCUMULATED-NII-CURRENT>                                                                    0
<OVERDISTRIBUTION-NII>                                                                   4,120
<ACCUMULATED-NET-GAINS>                                                             (3,360,177)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (12,370,705)
<NET-ASSETS>                                                                       253,551,912
<DIVIDEND-INCOME>                                                                      278,843
<INTEREST-INCOME>                                                                   14,112,502
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       2,752,819
<NET-INVESTMENT-INCOME>                                                             11,638,526
<REALIZED-GAINS-CURRENT>                                                            (1,032,941)
<APPREC-INCREASE-CURRENT>                                                          (17,753,091)
<NET-CHANGE-FROM-OPS>                                                               (7,147,506)
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                            8,259,359
<DISTRIBUTIONS-OF-GAINS>                                                                     0
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                              3,321,042
<NUMBER-OF-SHARES-REDEEMED>                                                          3,190,871
<SHARES-REINVESTED>                                                                  1,706,829
<NET-CHANGE-IN-ASSETS>                                                              19,632,511
<ACCUMULATED-NII-PRIOR>                                                                      0
<ACCUMULATED-GAINS-PRIOR>                                                           (2,327,236)
<OVERDISTRIB-NII-PRIOR>                                                                  4,077
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                1,356,392
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      2,762,246
<AVERAGE-NET-ASSETS>                                                               254,048,000
<PER-SHARE-NAV-BEGIN>                                                                    10.86
<PER-SHARE-NII>                                                                           0.35
<PER-SHARE-GAIN-APPREC>                                                                  (0.53)
<PER-SHARE-DIVIDEND>                                                                      0.35
<PER-SHARE-DISTRIBUTIONS>                                                                 0.00
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      10.33
<EXPENSE-RATIO>                                                                           1.26
[AVG-DEBT-OUTSTANDING]                                                                       0
[AVG-DEBT-PER-SHARE]                                                                      0.00


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>                701265
<NAME>               Oppenheimer Bond Fund - B
<SERIES>
   <NUMBER>          5
   <NAME>            Oppenheimer Integrity Funds

<S>                                                                  <C>
<PERIOD-TYPE>                                                        6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1999
<PERIOD-START>                                                       JAN-01-1999
<PERIOD-END>                                                         JUN-30-1999
<INVESTMENTS-AT-COST>                                                              395,897,598
<INVESTMENTS-AT-VALUE>                                                             383,746,270
<RECEIVABLES>                                                                       10,393,410
<ASSETS-OTHER>                                                                           6,017
<OTHER-ITEMS-ASSETS>                                                                    60,364
<TOTAL-ASSETS>                                                                     394,206,061
<PAYABLE-FOR-SECURITIES>                                                            16,443,050
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            1,604,801
<TOTAL-LIABILITIES>                                                                 18,047,851
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                           391,893,212
<SHARES-COMMON-STOCK>                                                                9,513,957
<SHARES-COMMON-PRIOR>                                                                8,111,764
<ACCUMULATED-NII-CURRENT>                                                                    0
<OVERDISTRIBUTION-NII>                                                                   4,120
<ACCUMULATED-NET-GAINS>                                                             (3,360,177)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (12,370,705)
<NET-ASSETS>                                                                        98,220,426
<DIVIDEND-INCOME>                                                                      278,843
<INTEREST-INCOME>                                                                   14,112,502
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       2,752,819
<NET-INVESTMENT-INCOME>                                                             11,638,526
<REALIZED-GAINS-CURRENT>                                                            (1,032,941)
<APPREC-INCREASE-CURRENT>                                                          (17,753,091)
<NET-CHANGE-FROM-OPS>                                                               (7,147,506)
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                            2,696,120
<DISTRIBUTIONS-OF-GAINS>                                                                     0
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                              1,996,559
<NUMBER-OF-SHARES-REDEEMED>                                                          1,596,724
<SHARES-REINVESTED>                                                                  1,002,358
<NET-CHANGE-IN-ASSETS>                                                              19,632,511
<ACCUMULATED-NII-PRIOR>                                                                      0
<ACCUMULATED-GAINS-PRIOR>                                                           (2,327,236)
<OVERDISTRIB-NII-PRIOR>                                                                  4,077
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                1,356,392
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      2,762,246
<AVERAGE-NET-ASSETS>                                                                93,847,000
<PER-SHARE-NAV-BEGIN>                                                                    10.86
<PER-SHARE-NII>                                                                           0.31
<PER-SHARE-GAIN-APPREC>                                                                  (0.54)
<PER-SHARE-DIVIDEND>                                                                      0.31
<PER-SHARE-DISTRIBUTIONS>                                                                 0.00
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      10.32
<EXPENSE-RATIO>                                                                           2.01
[AVG-DEBT-OUTSTANDING]                                                                       0
[AVG-DEBT-PER-SHARE]                                                                      0.00


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>                701265
<NAME>               Oppenheimer Bond Fund - C
<SERIES>
   <NUMBER>          5
   <NAME>            Oppenheimer Integrity Funds

<S>                                                                  <C>
<PERIOD-TYPE>                                                        6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1999
<PERIOD-START>                                                       JAN-01-1999
<PERIOD-END>                                                         JUN-30-1999
<INVESTMENTS-AT-COST>                                                              395,897,598
<INVESTMENTS-AT-VALUE>                                                             383,746,270
<RECEIVABLES>                                                                       10,393,410
<ASSETS-OTHER>                                                                           6,017
<OTHER-ITEMS-ASSETS>                                                                    60,364
<TOTAL-ASSETS>                                                                     394,206,061
<PAYABLE-FOR-SECURITIES>                                                            16,443,050
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            1,604,801
<TOTAL-LIABILITIES>                                                                 18,047,851
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                           391,893,212
<SHARES-COMMON-STOCK>                                                                2,359,751
<SHARES-COMMON-PRIOR>                                                                2,005,876
<ACCUMULATED-NII-CURRENT>                                                                    0
<OVERDISTRIBUTION-NII>                                                                   4,120
<ACCUMULATED-NET-GAINS>                                                             (3,360,177)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (12,370,705)
<NET-ASSETS>                                                                        24,384,917
<DIVIDEND-INCOME>                                                                      278,843
<INTEREST-INCOME>                                                                   14,112,502
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       2,752,819
<NET-INVESTMENT-INCOME>                                                             11,638,526
<REALIZED-GAINS-CURRENT>                                                            (1,032,941)
<APPREC-INCREASE-CURRENT>                                                          (17,753,091)
<NET-CHANGE-FROM-OPS>                                                               (7,147,506)
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                              683,056
<DISTRIBUTIONS-OF-GAINS>                                                                     0
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                                672,939
<NUMBER-OF-SHARES-REDEEMED>                                                            504,786
<SHARES-REINVESTED>                                                                    185,722
<NET-CHANGE-IN-ASSETS>                                                              19,632,511
<ACCUMULATED-NII-PRIOR>                                                                      0
<ACCUMULATED-GAINS-PRIOR>                                                           (2,327,236)
<OVERDISTRIB-NII-PRIOR>                                                                  4,077
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                1,356,392
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      2,762,246
<AVERAGE-NET-ASSETS>                                                                23,770,000
<PER-SHARE-NAV-BEGIN>                                                                    10.87
<PER-SHARE-NII>                                                                           0.31
<PER-SHARE-GAIN-APPREC>                                                                  (0.54)
<PER-SHARE-DIVIDEND>                                                                      0.31
<PER-SHARE-DISTRIBUTIONS>                                                                 0.00
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      10.33
<EXPENSE-RATIO>                                                                           2.01
[AVG-DEBT-OUTSTANDING]                                                                       0
[AVG-DEBT-PER-SHARE]                                                                      0.00


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK>                701265
<NAME>               Oppenheimer Bond Fund - Y
<SERIES>
   <NUMBER>          5
   <NAME>            Oppenheimer Integrity Funds

<S>                                                                  <C>
<PERIOD-TYPE>                                                        6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1999
<PERIOD-START>                                                       JAN-01-1999
<PERIOD-END>                                                         JUN-30-1999
<INVESTMENTS-AT-COST>                                                              395,897,598
<INVESTMENTS-AT-VALUE>                                                             383,746,270
<RECEIVABLES>                                                                       10,393,410
<ASSETS-OTHER>                                                                           6,017
<OTHER-ITEMS-ASSETS>                                                                    60,364
<TOTAL-ASSETS>                                                                     394,206,061
<PAYABLE-FOR-SECURITIES>                                                            16,443,050
<SENIOR-LONG-TERM-DEBT>                                                                      0
<OTHER-ITEMS-LIABILITIES>                                                            1,604,801
<TOTAL-LIABILITIES>                                                                 18,047,851
<SENIOR-EQUITY>                                                                              0
<PAID-IN-CAPITAL-COMMON>                                                           391,893,212
<SHARES-COMMON-STOCK>                                                                       92
<SHARES-COMMON-PRIOR>                                                                       92
<ACCUMULATED-NII-CURRENT>                                                                    0
<OVERDISTRIBUTION-NII>                                                                   4,120
<ACCUMULATED-NET-GAINS>                                                             (3,360,177)
<OVERDISTRIBUTION-GAINS>                                                                     0
<ACCUM-APPREC-OR-DEPREC>                                                           (12,370,705)
<NET-ASSETS>                                                                               955
<DIVIDEND-INCOME>                                                                      278,843
<INTEREST-INCOME>                                                                   14,112,502
<OTHER-INCOME>                                                                               0
<EXPENSES-NET>                                                                       2,752,819
<NET-INVESTMENT-INCOME>                                                             11,638,526
<REALIZED-GAINS-CURRENT>                                                            (1,032,941)
<APPREC-INCREASE-CURRENT>                                                          (17,753,091)
<NET-CHANGE-FROM-OPS>                                                               (7,147,506)
<EQUALIZATION>                                                                               0
<DISTRIBUTIONS-OF-INCOME>                                                                   34
<DISTRIBUTIONS-OF-GAINS>                                                                     0
<DISTRIBUTIONS-OTHER>                                                                        0
<NUMBER-OF-SHARES-SOLD>                                                                      0
<NUMBER-OF-SHARES-REDEEMED>                                                                  0
<SHARES-REINVESTED>                                                                          0
<NET-CHANGE-IN-ASSETS>                                                              19,632,511
<ACCUMULATED-NII-PRIOR>                                                                      0
<ACCUMULATED-GAINS-PRIOR>                                                           (2,327,236)
<OVERDISTRIB-NII-PRIOR>                                                                  4,077
<OVERDIST-NET-GAINS-PRIOR>                                                                   0
<GROSS-ADVISORY-FEES>                                                                1,356,392
<INTEREST-EXPENSE>                                                                           0
<GROSS-EXPENSE>                                                                      2,762,246
<AVERAGE-NET-ASSETS>                                                                     1,000
<PER-SHARE-NAV-BEGIN>                                                                    10.86
<PER-SHARE-NII>                                                                           0.37
<PER-SHARE-GAIN-APPREC>                                                                  (0.48)
<PER-SHARE-DIVIDEND>                                                                      0.37
<PER-SHARE-DISTRIBUTIONS>                                                                 0.00
<RETURNS-OF-CAPITAL>                                                                      0.00
<PER-SHARE-NAV-END>                                                                      10.38
<EXPENSE-RATIO>                                                                           0.83
[AVG-DEBT-OUTSTANDING]                                                                       0
[AVG-DEBT-PER-SHARE]                                                                      0.00


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