FLEX FUNDS
NSAR-A/A, EX-27, 2000-08-31
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<TABLE> <S> <C>

<ARTICLE>                                                                6
<CIK>                                      0000702435
<NAME>                                     THE FLEX-FUNDS
<SERIES>
   <NUMBER>                                002
   <NAME>                                  THE HIGHLANDS GROWTH FUND

<S>                                        <C>
<PERIOD-TYPE>                              6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-START>                             JAN-01-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                                           39,504,830
<INVESTMENTS-AT-VALUE>                                          51,455,958
<RECEIVABLES>                                                      142,572
<ASSETS-OTHER>                                                      38,299
<OTHER-ITEMS-ASSETS>                                                     0
<TOTAL-ASSETS>                                                  51,636,829
<PAYABLE-FOR-SECURITIES>                                                 0
<SENIOR-LONG-TERM-DEBT>                                                  0
<OTHER-ITEMS-LIABILITIES>                                          127,435
<TOTAL-LIABILITIES>                                                127,435
<SENIOR-EQUITY>                                                          0
<PAID-IN-CAPITAL-COMMON>                                        38,016,435
<SHARES-COMMON-STOCK>                                            2,321,848
<SHARES-COMMON-PRIOR>                                            2,372,688
<ACCUMULATED-NII-CURRENT>                                            1,329
<OVERDISTRIBUTION-NII>                                                   0
<ACCUMULATED-NET-GAINS>                                          1,540,502
<OVERDISTRIBUTION-GAINS>                                                 0
<ACCUM-APPREC-OR-DEPREC>                                        11,951,128
<NET-ASSETS>                                                    51,509,394
<DIVIDEND-INCOME>                                                  249,407
<INTEREST-INCOME>                                                  121,739
<OTHER-INCOME>                                                    (288,848)
<EXPENSES-NET>                                                      82,879
<NET-INVESTMENT-INCOME>                                               (581)
<REALIZED-GAINS-CURRENT>                                         1,822,112
<APPREC-INCREASE-CURRENT>                                       (2,304,598)
<NET-CHANGE-FROM-OPS>                                             (483,067)
<EQUALIZATION>                                                           0
<DISTRIBUTIONS-OF-INCOME>                                                0
<DISTRIBUTIONS-OF-GAINS>                                                 0
<DISTRIBUTIONS-OTHER>                                                    0
<NUMBER-OF-SHARES-SOLD>                                            646,116
<NUMBER-OF-SHARES-REDEEMED>                                        696,956
<SHARES-REINVESTED>                                                      0
<NET-CHANGE-IN-ASSETS>                                          (1,577,526)
<ACCUMULATED-NII-PRIOR>                                              1,910
<ACCUMULATED-GAINS-PRIOR>                                                0
<OVERDISTRIB-NII-PRIOR>                                                  0
<OVERDIST-NET-GAINS-PRIOR>                                         281,610
<GROSS-ADVISORY-FEES>                                                    0
<INTEREST-EXPENSE>                                                       0
<GROSS-EXPENSE>                                                     82,879
<AVERAGE-NET-ASSETS>                                            50,993,384
<PER-SHARE-NAV-BEGIN>                                                22.37
<PER-SHARE-NII>                                                       0.00
<PER-SHARE-GAIN-APPREC>                                              (0.19)
<PER-SHARE-DIVIDEND>                                                  0.00
<PER-SHARE-DISTRIBUTIONS>                                             0.00
<RETURNS-OF-CAPITAL>                                                  0.00
<PER-SHARE-NAV-END>                                                  22.18
<EXPENSE-RATIO>                                                       1.45
<FN>
<F1>
</FN>



</TABLE>


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