PUTNAM VOYAGER FUND
NSAR-A, 1995-03-28
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<PAGE>      PAGE  1
000 A000000 01/31/95
000 C000000 0000081280
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 PUTNAM VOYAGER FUND
001 B000000 811-1682
001 C000000 6172921000
002 A000000 ONE POST OFFICE SQUARE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
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 PUTNAM INVESTMENT MANAGEMENT, INC.
008 B000001 A
008 C000001 801-7974
008 D010001 BOSTON
008 D020001 MA
008 D030001 02109
011 A000001 PUTNAM MUTUAL FUNDS CORP
011 B000001 8-5088
011 C010001 BOSTON
011 C020001 MA
011 C030001 02109
012 A000001 PUTNAM INVESTOR SERVICES
012 B000001 84-401299
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 PRICE WATERHOUSE
013 B010001 BOSTON
013 B020001 MA
<PAGE>      PAGE  2
013 B030001 02110
015 A000001 PUTNAM FIDUCIARY TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000   86
019 C000000 PUTNAMFUND
020 A000001 AG EDWARDS
020 B000001 43-0895477
020 C000001    287
020 A000002 SALOMON BROTHERS
020 B000002 13-3082694
020 C000002    193
020 A000003 DONALDSON LUFKIN & JENRETTE
020 B000003 13-2741729
020 C000003    157
020 A000004 PAINE WEBBER
020 B000004 13-6381662
020 C000004    130
020 A000005 LEHMAN BROTHERS
020 B000005 13-2518466
020 C000005    100
020 A000006 FIRST BOSTON CORP
020 B000006 13-5659485
020 C000006     99
020 A000007 SMITH BARNEY
020 B000007 13-1912900
020 C000007     98
020 A000008 GOLDMAN SACHS
020 B000008 13-5108880
020 C000008     73
020 A000009 STANDARD & POORS
020 B000009 22-2294542
020 C000009     71
020 A000010 BEARS STEARNS
020 B000010 13-4946705
020 C000010     69
021  000000     2831
022 A000001 SHEARSON LEHMAN BROTHERS
022 B000001 13-2518466
022 C000001   2111941
022 D000001     12974
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002   1359033
022 D000002     46755
022 A000003 BT SECURITIES
<PAGE>      PAGE  3
022 B000003 13-3311934
022 C000003   1154189
022 D000003         0
022 A000004 JP MORGAN SECURITIES
022 B000004 13-5123346
022 C000004    718704
022 D000004      2300
022 A000005 HONG KONG OF SHANGHAI BANK
022 B000005 13-5146790
022 C000005    509242
022 D000005         0
022 A000006 MERRILL LYNCH PIERCE FENNER SMITH
022 B000006 13-5674085
022 C000006    371248
022 D000006     75960
022 A000007 PRUDENTIAL SECURITIES
022 B000007 22-2347336
022 C000007    372054
022 D000007      1498
022 A000008 BEAR STEARNS
022 B000008 13-4946705
022 C000008     18574
022 D000008     80903
022 A000009 SMITH BARNEY SHEARSON
022 B000009 13-1912900
022 C000009     44743
022 D000009     29933
022 A000010 NOMURA SECURITIES
022 B000010 13-2642206
022 C000010     70000
022 D000010         0
023 C000000    7068976
023 D000000     639843
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 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 Y
026 G020000 Y
026 H000000 N
<PAGE>      PAGE  4
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028 A020000         1
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028 A040000     74484
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028 C040000     93012
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028 D040000     87033
028 E010000    178481
028 E020000    189937
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028 E040000     78036
028 F010000    193560
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028 F040000    106686
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028 G020000    190014
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030 A000000   6915
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031 A000000   1085
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032  000000   5830
033  000000      0
034  000000 Y
035  000000    901
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039  000000 N
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<PAGE>      PAGE  5
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048 A020000 0.750
048 B010000   200000
048 B020000 0.650
048 C010000   500000
048 C020000 0.550
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048 D020000 0.000
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049  000000 N
050  000000 N
051  000000 N
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054 A000000 Y
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054 N000000 N
<PAGE>      PAGE  6
054 O000000 N
055 A000000 N
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058 A000000 N
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<PAGE>      PAGE  7
070 F010000 Y
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
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<PAGE>      PAGE  8
072 V000000        0
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074 A000000        0
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074 D000000        0
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074 F000000  4260455
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074 I000000   460624
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077 B000000 Y
<PAGE>      PAGE  9
077 C000000 N
077 D000000 N
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077 F000000 N
077 G000000 N
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077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 FEDERAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000    50000
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081 B000000  74
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084 A000000 N
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SIGNATURE   GORDON H. SILVER                             
TITLE       VICE PRESIDENT      
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam  Voyager Class A AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      SEMI
<FISCAL-YEAR-END>                           JUL-31-1994
<PERIOD-END>                                JAN-31-1995
<INVESTMENTS-AT-COST>                     4,103,309,339
<INVESTMENTS-AT-VALUE>                    4,817,377,496
<RECEIVABLES>                                77,116,493
<ASSETS-OTHER>                                      448
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            4,894,494,437
<PAYABLE-FOR-SECURITIES>                      5,153,908
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    24,582,261
<TOTAL-LIABILITIES>                          29,736,169
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  4,067,084,780
<SHARES-COMMON-STOCK>                       307,743,326
<SHARES-COMMON-PRIOR>                       272,772,952
<ACCUMULATED-NII-CURRENT>                   (2,461,726)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                      86,067,057
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                    714,068,157
<NET-ASSETS>                              4,864,758,268
<DIVIDEND-INCOME>                            18,094,553
<INTEREST-INCOME>                             7,896,092
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               28,452,371
<NET-INVESTMENT-INCOME>                     (2,461,726)
<REALIZED-GAINS-CURRENT>                    140,609,402
<APPREC-INCREASE-CURRENT>                   183,040,500
<NET-CHANGE-FROM-OPS>                       321,188,176
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                  (145,546,174)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                      61,247,389
<NUMBER-OF-SHARES-REDEEMED>                  38,696,706
<SHARES-REINVESTED>                          12,419,691
<NET-CHANGE-IN-ASSETS>                      819,710,452
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                   145,356,254
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        12,325,903
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              28,452,371
<AVERAGE-NET-ASSETS>                      3,356,596,474
<PER-SHARE-NAV-BEGIN>                             11.19
<PER-SHARE-NII>                                       0
<PER-SHARE-GAIN-APPREC>                             .87
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.51)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               11.55
<EXPENSE-RATIO>                                     .54
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam  Voyager Class B AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      SEMI
<FISCAL-YEAR-END>                           JUL-31-1994
<PERIOD-END>                                JAN-31-1995
<INVESTMENTS-AT-COST>                     4,103,309,339
<INVESTMENTS-AT-VALUE>                    4,817,377,496
<RECEIVABLES>                                77,116,493
<ASSETS-OTHER>                                      448
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            4,894,494,437
<PAYABLE-FOR-SECURITIES>                      5,153,908
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    24,582,261
<TOTAL-LIABILITIES>                          29,736,169
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  4,067,084,780
<SHARES-COMMON-STOCK>                       106,139,766
<SHARES-COMMON-PRIOR>                        83,057,506
<ACCUMULATED-NII-CURRENT>                   (2,461,726)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                      86,067,057
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                    714,068,157
<NET-ASSETS>                              4,864,758,268
<DIVIDEND-INCOME>                            18,094,553
<INTEREST-INCOME>                             7,896,092
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               28,452,371
<NET-INVESTMENT-INCOME>                     (2,461,726)
<REALIZED-GAINS-CURRENT>                    140,609,402
<APPREC-INCREASE-CURRENT>                   183,040,500
<NET-CHANGE-FROM-OPS>                       321,188,176
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                   (49,512,026)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                      26,626,513
<NUMBER-OF-SHARES-REDEEMED>                   7,774,922
<SHARES-REINVESTED>                           4,230,669
<NET-CHANGE-IN-ASSETS>                      819,710,452
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                   145,356,254
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        12,325,903
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              28,452,371
<AVERAGE-NET-ASSETS>                      1,075,905,937
<PER-SHARE-NAV-BEGIN>                             10.97
<PER-SHARE-NII>                                   (.04)
<PER-SHARE-GAIN-APPREC>                             .84
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.51)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               11.26
<EXPENSE-RATIO>                                     .92
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam  Voyager Class M AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      SEMI
<FISCAL-YEAR-END>                           JUL-31-1994
<PERIOD-END>                                JAN-31-1995
<INVESTMENTS-AT-COST>                     4,103,309,339
<INVESTMENTS-AT-VALUE>                    4,817,377,496
<RECEIVABLES>                                77,116,493
<ASSETS-OTHER>                                      448
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            4,894,494,437
<PAYABLE-FOR-SECURITIES>                      5,153,908
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    24,582,261
<TOTAL-LIABILITIES>                          29,736,169
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  4,067,084,780
<SHARES-COMMON-STOCK>                            78,652
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                   (2,461,726)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                      86,067,057
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                    714,068,157
<NET-ASSETS>                              4,864,758,268
<DIVIDEND-INCOME>                            18,094,553
<INTEREST-INCOME>                             7,896,092
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               28,452,371
<NET-INVESTMENT-INCOME>                     (2,461,726)
<REALIZED-GAINS-CURRENT>                    140,609,402
<APPREC-INCREASE-CURRENT>                   183,040,500
<NET-CHANGE-FROM-OPS>                       321,188,176
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                       (12,706)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                          82,160
<NUMBER-OF-SHARES-REDEEMED>                       4,620
<SHARES-REINVESTED>                               1,112
<NET-CHANGE-IN-ASSETS>                      819,710,452
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                   145,356,254
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        12,325,903
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              28,452,371
<AVERAGE-NET-ASSETS>                            411,058
<PER-SHARE-NAV-BEGIN>                             11.79
<PER-SHARE-NII>                                       0
<PER-SHARE-GAIN-APPREC>                             .26
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.51)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               11.54
<EXPENSE-RATIO>                                     .26
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

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

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM Putnam Voyager Class Y AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
<S>                                                 <C>
<PERIOD-TYPE>                                      SEMI
<FISCAL-YEAR-END>                           JUL-31-1994
<PERIOD-END>                                JAN-31-1995
<INVESTMENTS-AT-COST>                     4,103,309,339
<INVESTMENTS-AT-VALUE>                    4,817,377,496
<RECEIVABLES>                                77,116,493
<ASSETS-OTHER>                                      448
<OTHER-ITEMS-ASSETS>                                  0
<TOTAL-ASSETS>                            4,894,494,437
<PAYABLE-FOR-SECURITIES>                      5,153,908
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                    24,582,261
<TOTAL-LIABILITIES>                          29,736,169
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                  4,067,084,780
<SHARES-COMMON-STOCK>                         9,966,354
<SHARES-COMMON-PRIOR>                         7,319,977
<ACCUMULATED-NII-CURRENT>                   (2,461,726)
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                      86,067,057
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                    714,068,157
<NET-ASSETS>                              4,864,758,268
<DIVIDEND-INCOME>                            18,094,553
<INTEREST-INCOME>                             7,896,092
<OTHER-INCOME>                                        0
<EXPENSES-NET>                               28,452,371
<NET-INVESTMENT-INCOME>                     (2,461,726)
<REALIZED-GAINS-CURRENT>                    140,609,402
<APPREC-INCREASE-CURRENT>                   183,040,500
<NET-CHANGE-FROM-OPS>                       321,188,176
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                             0
<DISTRIBUTIONS-OF-GAINS>                    (4,827,692)
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                       2,980,509
<NUMBER-OF-SHARES-REDEEMED>                     764,350
<SHARES-REINVESTED>                             430,218
<NET-CHANGE-IN-ASSETS>                      819,710,452
<ACCUMULATED-NII-PRIOR>                               0
<ACCUMULATED-GAINS-PRIOR>                   145,356,254
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                        12,325,903
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                              28,452,371
<AVERAGE-NET-ASSETS>                         88,587,010
<PER-SHARE-NAV-BEGIN>                             11.22
<PER-SHARE-NII>                                     .02
<PER-SHARE-GAIN-APPREC>                             .86
<PER-SHARE-DIVIDEND>                                  0
<PER-SHARE-DISTRIBUTIONS>                         (.51)
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               11.59
<EXPENSE-RATIO>                                     .51
<AVG-DEBT-OUTSTANDING>                                0
<AVG-DEBT-PER-SHARE>                                  0
        

</TABLE>


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