FEDERATED MUNICIPAL OPPORTUNITIES FUND INC
NSAR-B, 1997-10-30
Previous: WASATCH ADVISORS FUNDS INC, PRE 14A, 1997-10-30
Next: SALOMON BROTHERS MORTGAGE SECURITIES VII INC, S-3, 1997-10-30



<PAGE>      PAGE  1
000 B000000 08/31/97
000 C000000 0000807607
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 FEDERATED MUNICIPAL OPPORTUNITIES FUND, INC.
001 B000000 811-4533
001 C000000 4122888515
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 FEDERATED ADVISERS
008 B000001 A
008 C000001 801-34612
008 D010001 PITTSBURGH
008 D020001 PA
008 D030001 15222
008 D040001 3779
010 A000001 FEDERATED SERVICES COMPANY
010 C010001 PITTSBURGH
010 C020001 PA
010 C030001 15222
010 C040001 3779
011 A000001 FEDERATED SECURITIES CORP.
011 B000001 8-15561
011 C010001 PITTSBURGH
011 C020001 PA
011 C030001 15222
011 C040001 3779
<PAGE>      PAGE  2
012 A000001 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B000001 84-1869
012 C010001 PITTSBURGH
012 C020001 PA
012 C030001 15222
012 C040001 3779
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PITTSBURGH
013 B020001 PA
013 B030001 15222
013 B040001 5401
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02266
015 C040001 8600
015 E010001 X
015 A000002 PNC BANK, NA
015 B000002 S
015 C010002 PITTSBURGH
015 C020002 PA
015 C030002 15265
015 E010002 X
015 A000003 NATIONSBANK OF NORTH CAROLINA
015 B000003 S
015 C010003 CHARLOTTE
015 C020003 NC
015 C030003 28255
015 E010003 X
015 A000004 MORGAN GUARANTY BANK & TRUST CO.
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10015
015 E010004 X
015 A000005 THE CHASE MANHATTAN CORPORATION
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10006
015 E010005 X
015 A000006 BANK OF NEW YORK
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10006
015 E010006 X
015 A000007 BANKERS TRUST CO.
015 B000007 S
015 C010007 NEW YORK
<PAGE>      PAGE  3
015 C020007 NY
015 C030007 10015
015 E010007 X
018  000000 Y
019 A000000 N
019 B000000    0
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 LIBERTY MUNICIPAL SECURITIES FUND
022 C000001     34100
022 D000001     25600
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000002 13-5674085
022 C000002      9090
022 D000002     24262
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003     17623
022 D000003     15501
022 A000004 TAX-FREE OBLIGATIONS FUND
022 C000004      6400
022 D000004     22350
022 A000005 FEDERATED INTERMEDIATE MUNICIPAL TRUST
022 C000005      9820
022 D000005     14720
022 A000006 J.P. MORGAN SECURITIES, INC.
022 B000006 13-3224016
022 C000006      9300
022 D000006     10700
022 A000007 SMITH BARNEY, INC.
022 B000007 13-1912900
022 C000007      5511
022 D000007     10764
022 A000008 LEHMAN BROTHERS, INC.
022 B000008 13-2518466
022 C000008     12072
022 D000008      3956
022 A000009 FLEET NORSTAR FINANCIAL GROUP
022 C000009     14889
022 D000009      1039
022 A000010 LIMITED TERM MUNICIPAL FUND
022 C000010      8685
<PAGE>      PAGE  4
022 D000010      6408
023 C000000     194024
023 D000000     218851
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
028 A010000      1923
028 A020000      1211
028 A030000         0
028 A040000     10310
028 B010000      3551
028 B020000      1201
028 B030000         0
028 B040000     11744
028 C010000      1602
028 C020000      1175
028 C030000         0
028 C040000      6818
028 D010000      1939
028 D020000      1217
028 D030000         0
028 D040000      7230
028 E010000      2468
028 E020000      1197
028 E030000         0
028 E040000      8136
028 F010000      3136
028 F020000      1184
028 F030000         0
028 F040000      5651
028 G010000     14619
028 G020000      7185
028 G030000         0
028 G040000     49889
028 H000000      4629
<PAGE>      PAGE  5
029  000000 Y
030 A000000    210
030 B000000  4.50
030 C000000  0.00
031 A000000     12
031 B000000      0
032  000000    198
033  000000      0
034  000000 Y
035  000000    148
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000 100
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000     71
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.600
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
<PAGE>      PAGE  6
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 N
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000      500
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.3
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000  98.7
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
<PAGE>      PAGE  7
063 A000000   0
063 B000000  9.0
064 A000000 Y
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000     95920
071 B000000     76264
071 C000000    381320
071 D000000   20
072 A000000 12
072 B000000    27506
<PAGE>      PAGE  8
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000     2611
072 G000000      329
072 H000000        0
072 I000000      316
072 J000000       47
072 K000000        0
072 L000000       57
072 M000000       15
072 N000000       62
072 O000000        3
072 P000000        0
072 Q000000      153
072 R000000       20
072 S000000       22
072 T000000     1159
072 U000000        0
072 V000000        0
072 W000000       24
072 X000000     4818
072 Y000000       27
072 Z000000    22715
072AA000000     3456
072BB000000     1250
072CC010000    16489
072CC020000        0
072DD010000     3384
072DD020000    19952
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000       54
074 B000000        0
074 C000000     1500
074 D000000   437796
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000     8096
074 M000000        0
074 N000000   447446
074 O000000     3041
074 P000000        0
<PAGE>      PAGE  9
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      930
074 S000000        0
074 T000000   443475
074 U010000     8899
074 U020000    32668
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000     8929
074 Y000000        0
075 A000000        0
075 B000000   433657
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 THE AETNA CASUALTY AND SURETY COMPANY
080 C000000    85000
081 A000000 Y
081 B000000 270
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
<PAGE>      PAGE  10
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
SIGNATURE   S.ELLIOTT COHAN                              
TITLE       ASST. GEN COUNSEL   
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   001                                            
     <NAME>                     Federated Municipal Opportunity Fund, Inc.     
                                Class A Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Aug-31-1997                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           426,324,868                                    
<INVESTMENTS-AT-VALUE>          439,296,266                                    
<RECEIVABLES>                   8,095,466                                      
<ASSETS-OTHER>                  54,061                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  447,445,793                                    
<PAYABLE-FOR-SECURITIES>        3,041,320                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       929,157                                        
<TOTAL-LIABILITIES>             3,970,477                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        440,354,246                                    
<SHARES-COMMON-STOCK>           8,898,734                                      
<SHARES-COMMON-PRIOR>           29                                             
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          205,035                                        
<ACCUMULATED-NET-GAINS>         (9,645,293)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        12,971,398                                     
<NET-ASSETS>                    94,940,632                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               27,505,683                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,790,994                                      
<NET-INVESTMENT-INCOME>         22,714,689                                     
<REALIZED-GAINS-CURRENT>        2,206,486                                      
<APPREC-INCREASE-CURRENT>       16,489,543                                     
<NET-CHANGE-FROM-OPS>           41,410,718                                     
<EQUALIZATION>                  21,898                                         
<DISTRIBUTIONS-OF-INCOME>       3,383,555                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         18,958,171                                     
<NUMBER-OF-SHARES-REDEEMED>     1,387,296                                      
<SHARES-REINVESTED>             226,565                                        
<NET-CHANGE-IN-ASSETS>          60,446,138                                     
<ACCUMULATED-NII-PRIOR>         773,562                                        
<ACCUMULATED-GAINS-PRIOR>       (10,340,450)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,610,540                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,817,970                                      
<AVERAGE-NET-ASSETS>            433,656,848                                    
<PER-SHARE-NAV-BEGIN>           10.330                                         
<PER-SHARE-NII>                 0.580                                          
<PER-SHARE-GAIN-APPREC>         0.330                                          
<PER-SHARE-DIVIDEND>            0.570                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.670                                         
<EXPENSE-RATIO>                 1.09                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   002                                            
     <NAME>                     Federated Municipal Opportunity Fund, Inc.     
                                Class B Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Aug-31-1997                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           426,324,868                                    
<INVESTMENTS-AT-VALUE>          439,296,266                                    
<RECEIVABLES>                   8,095,466                                      
<ASSETS-OTHER>                  54,061                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  447,445,793                                    
<PAYABLE-FOR-SECURITIES>        3,041,320                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       929,157                                        
<TOTAL-LIABILITIES>             3,970,477                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        440,354,246                                    
<SHARES-COMMON-STOCK>           1,406,348                                      
<SHARES-COMMON-PRIOR>           29                                             
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          205,035                                        
<ACCUMULATED-NET-GAINS>         (9,645,293)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        12,971,398                                     
<NET-ASSETS>                    14,996,896                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               27,505,683                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,790,994                                      
<NET-INVESTMENT-INCOME>         22,714,689                                     
<REALIZED-GAINS-CURRENT>        2,206,486                                      
<APPREC-INCREASE-CURRENT>       16,489,543                                     
<NET-CHANGE-FROM-OPS>           41,410,718                                     
<EQUALIZATION>                  21,898                                         
<DISTRIBUTIONS-OF-INCOME>       342,071                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,566,410                                      
<NUMBER-OF-SHARES-REDEEMED>     176,625                                        
<SHARES-REINVESTED>             16,534                                         
<NET-CHANGE-IN-ASSETS>          60,446,138                                     
<ACCUMULATED-NII-PRIOR>         773,562                                        
<ACCUMULATED-GAINS-PRIOR>       (10,340,450)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,610,540                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,817,970                                      
<AVERAGE-NET-ASSETS>            433,656,848                                    
<PER-SHARE-NAV-BEGIN>           10.330                                         
<PER-SHARE-NII>                 0.510                                          
<PER-SHARE-GAIN-APPREC>         0.310                                          
<PER-SHARE-DIVIDEND>            0.490                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.660                                         
<EXPENSE-RATIO>                 1.84                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   003                                            
     <NAME>                     Federated Municipal Opportunity Fund, Inc.     
                                Class C Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Aug-31-1997                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           426,324,868                                    
<INVESTMENTS-AT-VALUE>          439,296,266                                    
<RECEIVABLES>                   8,095,466                                      
<ASSETS-OTHER>                  54,061                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  447,445,793                                    
<PAYABLE-FOR-SECURITIES>        3,041,320                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       929,157                                        
<TOTAL-LIABILITIES>             3,970,477                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        440,354,246                                    
<SHARES-COMMON-STOCK>           182,884                                        
<SHARES-COMMON-PRIOR>           29                                             
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          205,035                                        
<ACCUMULATED-NET-GAINS>         (9,645,293)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        12,971,398                                     
<NET-ASSETS>                    1,949,849                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               27,505,683                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,790,994                                      
<NET-INVESTMENT-INCOME>         22,714,689                                     
<REALIZED-GAINS-CURRENT>        2,206,486                                      
<APPREC-INCREASE-CURRENT>       16,489,543                                     
<NET-CHANGE-FROM-OPS>           41,410,718                                     
<EQUALIZATION>                  21,898                                         
<DISTRIBUTIONS-OF-INCOME>       63,260                                         
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         183,002                                        
<NUMBER-OF-SHARES-REDEEMED>     5,613                                          
<SHARES-REINVESTED>             5,466                                          
<NET-CHANGE-IN-ASSETS>          60,446,138                                     
<ACCUMULATED-NII-PRIOR>         773,562                                        
<ACCUMULATED-GAINS-PRIOR>       (10,340,450)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,610,540                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,817,970                                      
<AVERAGE-NET-ASSETS>            433,656,848                                    
<PER-SHARE-NAV-BEGIN>           10.330                                         
<PER-SHARE-NII>                 0.500                                          
<PER-SHARE-GAIN-APPREC>         0.320                                          
<PER-SHARE-DIVIDEND>            0.490                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.660                                         
<EXPENSE-RATIO>                 1.86                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   004                                            
     <NAME>                     Federated Municipal Opportunity Fund, Inc.     
                                Class F Shares                                 
                                                                               
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Aug-31-1997                                    
<PERIOD-END>                    Aug-31-1997                                    
<INVESTMENTS-AT-COST>           426,324,868                                    
<INVESTMENTS-AT-VALUE>          439,296,266                                    
<RECEIVABLES>                   8,095,466                                      
<ASSETS-OTHER>                  54,061                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  447,445,793                                    
<PAYABLE-FOR-SECURITIES>        3,041,320                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       929,157                                        
<TOTAL-LIABILITIES>             3,970,477                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        440,354,246                                    
<SHARES-COMMON-STOCK>           31,079,263                                     
<SHARES-COMMON-PRIOR>           37,075,241                                     
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          205,035                                        
<ACCUMULATED-NET-GAINS>         (9,645,293)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        12,971,398                                     
<NET-ASSETS>                    331,587,939                                    
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               27,505,683                                     
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  4,790,994                                      
<NET-INVESTMENT-INCOME>         22,714,689                                     
<REALIZED-GAINS-CURRENT>        2,206,486                                      
<APPREC-INCREASE-CURRENT>       16,489,543                                     
<NET-CHANGE-FROM-OPS>           41,410,718                                     
<EQUALIZATION>                  21,898                                         
<DISTRIBUTIONS-OF-INCOME>       19,546,786                                     
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,147,025                                      
<NUMBER-OF-SHARES-REDEEMED>     8,247,527                                      
<SHARES-REINVESTED>             1,104,524                                      
<NET-CHANGE-IN-ASSETS>          60,446,138                                     
<ACCUMULATED-NII-PRIOR>         773,562                                        
<ACCUMULATED-GAINS-PRIOR>       (10,340,450)                                   
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,610,540                                      
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 4,817,970                                      
<AVERAGE-NET-ASSETS>            433,656,848                                    
<PER-SHARE-NAV-BEGIN>           10.330                                         
<PER-SHARE-NII>                 0.540                                          
<PER-SHARE-GAIN-APPREC>         0.370                                          
<PER-SHARE-DIVIDEND>            0.570                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.670                                         
<EXPENSE-RATIO>                 1.08                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission