FLEX FUNDS
NSAR-A, EX-27, 2000-08-29
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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>                                             38614094
<INVESTMENTS-AT-VALUE>                                            52869820
<RECEIVABLES>                                                       316431
<ASSETS-OTHER>                                                       27053
<OTHER-ITEMS-ASSETS>                                                     0
<TOTAL-ASSETS>                                                    53213304
<PAYABLE-FOR-SECURITIES>                                                 0
<SENIOR-LONG-TERM-DEBT>                                                  0
<OTHER-ITEMS-LIABILITIES>                                           126384
<TOTAL-LIABILITIES>                                                 126384
<SENIOR-EQUITY>                                                          0
<PAID-IN-CAPITAL-COMMON>                                          39110894
<SHARES-COMMON-STOCK>                                              2372688
<SHARES-COMMON-PRIOR>                                              2068262
<ACCUMULATED-NII-CURRENT>                                             1910
<OVERDISTRIBUTION-NII>                                                   0
<ACCUMULATED-NET-GAINS>                                                  0
<OVERDISTRIBUTION-GAINS>                                            281610
<ACCUM-APPREC-OR-DEPREC>                                          14255726
<NET-ASSETS>                                                      53086920
<DIVIDEND-INCOME>                                                   511352
<INTEREST-INCOME>                                                   232263
<OTHER-INCOME>                                                           0
<EXPENSES-NET>                                                      760704
<NET-INVESTMENT-INCOME>                                            (17,089)
<REALIZED-GAINS-CURRENT>                                           5284110
<APPREC-INCREASE-CURRENT>                                          4100217
<NET-CHANGE-FROM-OPS>                                              9367238
<EQUALIZATION>                                                           0
<DISTRIBUTIONS-OF-INCOME>                                                0
<DISTRIBUTIONS-OF-GAINS>                                           6597219
<DISTRIBUTIONS-OTHER>                                                    0
<NUMBER-OF-SHARES-SOLD>                                            3995692
<NUMBER-OF-SHARES-REDEEMED>                                        3995764
<SHARES-REINVESTED>                                                 304498
<NET-CHANGE-IN-ASSETS>                                             9179176
<ACCUMULATED-NII-PRIOR>                                                131
<ACCUMULATED-GAINS-PRIOR>                                          1050367
<OVERDISTRIB-NII-PRIOR>                                                  0
<OVERDIST-NET-GAINS-PRIOR>                                               0
<GROSS-ADVISORY-FEES>                                                    0
<INTEREST-EXPENSE>                                                       0
<GROSS-EXPENSE>                                                     760704
<AVERAGE-NET-ASSETS>                                              48645765
<PER-SHARE-NAV-BEGIN>                                                21.23
<PER-SHARE-NII>                                                      (0.01)
<PER-SHARE-GAIN-APPREC>                                               4.37
<PER-SHARE-DIVIDEND>                                                  0.00
<PER-SHARE-DISTRIBUTIONS>                                             3.22
<RETURNS-OF-CAPITAL>                                                  0.00
<PER-SHARE-NAV-END>                                                  22.37
<EXPENSE-RATIO>                                                       1.56
<FN>
<F1>
</FN>



</TABLE>


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