MERRILL LYNCH GLOBAL CONVERTIBLE SECURITIES FUND INC
NSAR-B, 1994-12-28
Previous: INSURED MUNICIPALS INCOME TRUST 41ST INSURED MULTI SERIES, 485BPOS, 1994-12-28
Next: HEALTHTRUST INC THE HOSPITAL CO, 10-K/A, 1994-12-28



<PAGE>      PAGE  1
000 B000000 10/31/94
000 C000000 0000825306
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 MERRILL LYNCH GLOBAL CONVERTIBLE FUND, INC.
001 B000000 811-5395
001 C000000 6092827165
002 A000000 P.O. BOX 9066
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9066
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 MERRILL LYNCH ASSET MANAGEMENT, L.P.
008 B000001 A
008 C000001 801-11583
008 D010001 PRINCETON
008 D020001 NJ
008 D030001 08543
008 D040001 9011
011 A000001 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B000001 8-14663
011 C010001 PRINCETON
011 C020001 NJ
011 C030001 08543
011 C040001 9011
012 A000001 FINANCIAL DATA SERVICES, INC.
012 B000001 84-01339
012 C010001 JACKSONVILLE
012 C020001 FL
012 C030001 32246
<PAGE>      PAGE  2
012 C040001 6484
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B000001 8-7221
015 A000001 WESTPAC BANKING CORPORATION
015 B000001 S
015 C010001 MELBOURNE
015 D010001 AUSTRALIA
015 E040001 X
015 A000002 GENERALE BANK
015 B000002 S
015 C010002 BRUSSELS
015 D010002 BELGIUM
015 E040002 X
015 A000003 CANADA TRUSTCO MORTGAGE COMPANY
015 B000003 S
015 C010003 TORONTO
015 D010003 CANADA
015 E040003 X
015 A000004 BERLINER HANDELS UND FRANKFURTER BANK
015 B000004 S
015 C010004 FRANKFURT
015 D010004 GERMANY
015 E040004 X
015 A000005 STANDARD CHARTERED BANK
015 B000005 S
015 C010005 LONDON
015 D010005 ENGLAND
015 E040005 X
015 A000006 SUMITOMO TRUST & BANKING COMPANY LIMITED
015 B000006 S
015 C010006 TOKYO
015 D010006 JAPAN
015 E040006 X
015 A000007 CITIBANK
015 B000007 S
015 C010007 NEW YORK
015 C020007 NY
015 C030007 10015
015 E010007 X
015 A000008 MORGAN GUARANTY TRUST COMPANY
015 B000008 S
015 C010008 NEW YORK
015 C020008 NY
015 C030008 10015
015 E010008 X
015 A000009 ANZ BANKING GROUP (NEW ZEALAND) LTD.
015 B000009 S
<PAGE>      PAGE  3
015 C010009 WELLINGTON
015 D010009 NEW ZEALAND
015 E040009 X
015 A000010 THE DEVELOPMENT BANK OF SINGAPORE LIMITED
015 B000010 S
015 C010010 SINGAPORE
015 D010010 SINGAPORE
015 E040010 X
015 A000011 SKANDINAVISKA ENSKILDA BANKEN
015 B000011 S
015 C010011 STOCKHOLM
015 D010011 SWEDEN
015 E040011 X
015 A000012 UNION BANK OF SWITZERLAND
015 B000012 S
015 C010012 ZURICH
015 D010012 SWITZERLAND
015 E040012 X
015 A000013 BANQUE PARIBAS
015 B000013 S
015 C010013 PARIS
015 D010013 FRANCE
015 E040013 X
015 A000014 HONG KONG AND SHANGHAI BANKING CORP.
015 B000014 S
015 C010014 HONG KONG
015 D010014 HONG KONG
015 E040014 X
015 A000015 BANCO SANTANDER, S.A.
015 B000015 S
015 C010015 MADRID
015 D010015 SPAIN
015 E040015 X
015 A000016 BANK OF SEOUL
015 B000016 S
015 C010016 SEOUL
015 D010016 KOREA
015 E040016 X
015 A000017 STATE STREET BANK & TRUST COMPANY
015 B000017 C
015 C010017 NORTH QUINCY
015 C020017 MA
015 C030017 02171
015 E010017 X
018  000000 Y
019 A000000 Y
019 B000000  174
019 C000000 MERRILLLYN
020 A000001 YAMAICHI INTERNATIONAL (AMERICA), INC.
020 B000001 13-5659656
020 C000001     27
<PAGE>      PAGE  4
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002      7
020 A000003 KANKAKU SECURITIES (AMERICA) INC.
020 B000003 13-2882682
020 C000003      6
020 A000004 NATWEST SECURITIES CORPORATION
020 C000004      6
020 A000005 WERTHEIM SCHRODER & CO. INCORPORATED
020 B000005 13-2697272
020 C000005      4
020 A000006 SMITH BARNEY INC.
020 B000006 13-1912900
020 C000006      4
020 A000007 LIPPER & COMPANY, L.P.
020 B000007 13-3627345
020 C000007      3
020 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000008 13-5674085
020 C000008      2
020 A000009 BRIDGE TRADING COMPANY
020 B000009 43-1450530
020 C000009      1
020 A000010 OPPENHEIMER & CO., INC.
020 B000010 13-2798343
020 C000010      1
021  000000       62
022 A000001 GENERAL ELECTRIC CAPITAL CORP.
022 C000001    385127
022 D000001         0
022 A000002 CS FIRST BOSTON CORPORATION
022 B000002 13-5659485
022 C000002     36052
022 D000002      5965
022 A000003 SBCI SWISS BANK CORP. INVESTMENT BANKING INC.
022 C000003     21947
022 D000003         0
022 A000004 FIRST NATIONAL BANK OF BOSTON
022 C000004     12939
022 D000004      1995
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005      9303
022 D000005      3667
022 A000006 MORGAN (J.P.) SECURITIES INC.
022 B000006 13-3224016
022 C000006     10906
022 D000006         0
022 A000007 LEHMAN BROTHERS INC.
022 B000007 13-2518466
022 C000007      8457
<PAGE>      PAGE  5
022 D000007       713
022 A000008 MORGAN STANLEY & CO. INCORPORATED
022 B000008 13-2655998
022 C000008      6001
022 D000008      1492
022 A000009 HSBC SECURITIES, INC.
022 B000009 13-2650272
022 C000009      6490
022 D000009         0
022 A000010 PAINEWEBBER INCORPORATED
022 B000010 13-2638166
022 C000010       995
022 D000010         0
023 C000000     499437
023 D000000      14331
024  000000 Y
025 A000001 YAMAICHI SECURITIES CO., LTD.
025 C000001 E
025 D000001      79
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 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000      1516
028 A020000         0
028 A030000         0
028 A040000       639
028 B010000      1464
028 B020000         0
028 B030000         0
028 B040000       768
028 C010000      1159
028 C020000        83
028 C030000         0
028 C040000       867
028 D010000     11376
028 D020000         0
028 D030000         0
<PAGE>      PAGE  6
028 D040000      1234
028 E010000      5023
028 E020000         0
028 E030000         0
028 E040000      1723
028 F010000      5190
028 F020000        69
028 F030000         0
028 F040000      1595
028 G010000     25728
028 G020000       152
028 G030000         0
028 G040000      6826
028 H000000      2107
029  000000 Y
030 A000000     29
030 B000000  5.25
030 C000000  0.00
031 A000000      3
031 B000000      0
032  000000      0
033  000000     26
034  000000 Y
035  000000     55
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    382
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.650
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
<PAGE>      PAGE  7
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
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 Y
062 B000000  17.9
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
<PAGE>      PAGE  8
062 H000000   0.0
062 I000000   4.7
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000  61.1
062 Q000000   0.0
062 R000000  15.7
063 A000000   0
063 B000000  9.9
064 A000000 N
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
<PAGE>      PAGE  9
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     30424
071 B000000     13301
071 C000000     34970
071 D000000   38
072 A000000 12
072 B000000     1528
072 C000000      507
072 D000000        0
072 E000000        0
072 F000000      286
072 G000000       67
072 H000000        0
072 I000000       70
072 J000000       26
072 K000000        0
072 L000000      112
072 M000000       49
072 N000000       51
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       36
072 S000000       36
072 T000000      382
072 U000000        0
072 V000000        0
072 W000000        6
072 X000000     1121
072 Y000000        0
072 Z000000      914
072AA000000     1000
072BB000000      194
072CC010000        0
072CC020000     1834
072DD010000      148
072DD020000      617
072EE000000      281
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
<PAGE>      PAGE  10
074 A000000       73
074 B000000        0
074 C000000    13874
074 D000000    37490
074 E000000     7883
074 F000000     1774
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000     1119
074 M000000       67
074 N000000    62280
074 O000000      438
074 P000000       76
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      413
074 S000000        0
074 T000000    61353
074 U010000      747
074 U020000     4935
074 V010000     0.00
074 V020000     0.00
074 W000000   0.0000
074 X000000     8736
074 Y000000        0
075 A000000        0
075 B000000    43815
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
078  000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 B000000 NATIONAL UNION/GULF/CONTINENTAL CASUALTY
080 C000000      400
081 A000000 Y
081 B000000 174
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
<PAGE>      PAGE  11
SIGNATURE   GERALD M. RICHARD                            
TITLE       TREASURER           
 

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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000825306
<NAME> MERRILL LYNCH GLOBAL CONVERTIBLE FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-START>                             NOV-01-1993
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                         62103177
<INVESTMENTS-AT-VALUE>                        61021733
<RECEIVABLES>                                  1119030
<ASSETS-OTHER>                                  139387
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                62280150
<PAYABLE-FOR-SECURITIES>                        438028
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       488941
<TOTAL-LIABILITIES>                             926969
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      61505958
<SHARES-COMMON-STOCK>                           729963
<SHARES-COMMON-PRIOR>                           411407
<ACCUMULATED-NII-CURRENT>                       220749
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         829511
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1203037)
<NET-ASSETS>                                   7850496
<DIVIDEND-INCOME>                               507422
<INTEREST-INCOME>                              1527979
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1121326
<NET-INVESTMENT-INCOME>                         914075
<REALIZED-GAINS-CURRENT>                        806359
<APPREC-INCREASE-CURRENT>                    (1834527)
<NET-CHANGE-FROM-OPS>                         (114093)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       148368
<DISTRIBUTIONS-OF-GAINS>                         36309
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         552279
<NUMBER-OF-SHARES-REDEEMED>                     247561
<SHARES-REINVESTED>                              13838
<NET-CHANGE-IN-ASSETS>                        26964631
<ACCUMULATED-NII-PRIOR>                          71580
<ACCUMULATED-GAINS-PRIOR>                       303814
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           285526
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1121326
<AVERAGE-NET-ASSETS>                           5722626
<PER-SHARE-NAV-BEGIN>                            11.08
<PER-SHARE-NII>                                    .33
<PER-SHARE-GAIN-APPREC>                          (.27)
<PER-SHARE-DIVIDEND>                               .30
<PER-SHARE-DISTRIBUTIONS>                          .09
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.75
<EXPENSE-RATIO>                                   1.66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000825306
<NAME> MERRILL LYNCH GLOBAL CONVERTIBLE FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-START>                             NOV-01-1993
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                         62103177
<INVESTMENTS-AT-VALUE>                        61021733
<RECEIVABLES>                                  1119030
<ASSETS-OTHER>                                  139387
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                62280150
<PAYABLE-FOR-SECURITIES>                        438028
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       488941
<TOTAL-LIABILITIES>                             926969
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      61505958
<SHARES-COMMON-STOCK>                          4916473
<SHARES-COMMON-PRIOR>                          2679466
<ACCUMULATED-NII-CURRENT>                       220749
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         829511
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1203037)
<NET-ASSETS>                                  53121238
<DIVIDEND-INCOME>                               507422
<INTEREST-INCOME>                              1527979
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1121326
<NET-INVESTMENT-INCOME>                         914075
<REALIZED-GAINS-CURRENT>                        806359
<APPREC-INCREASE-CURRENT>                    (1834527)
<NET-CHANGE-FROM-OPS>                         (114093)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       616538
<DISTRIBUTIONS-OF-GAINS>                        244353
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3053210
<NUMBER-OF-SHARES-REDEEMED>                     878683
<SHARES-REINVESTED>                              62480
<NET-CHANGE-IN-ASSETS>                        26964631
<ACCUMULATED-NII-PRIOR>                          71580
<ACCUMULATED-GAINS-PRIOR>                       303814
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           285526
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1121326
<AVERAGE-NET-ASSETS>                          37961496
<PER-SHARE-NAV-BEGIN>                            11.13
<PER-SHARE-NII>                                    .21
<PER-SHARE-GAIN-APPREC>                          (.25)
<PER-SHARE-DIVIDEND>                               .20
<PER-SHARE-DISTRIBUTIONS>                          .09
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.80
<EXPENSE-RATIO>                                   2.69
<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
<CIK> 0000825306
<NAME> MERRILL LYNCH GLOBAL CONVERTIBLE FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-START>                             OCT-21-1994
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                         62103177
<INVESTMENTS-AT-VALUE>                        61021733
<RECEIVABLES>                                  1119030
<ASSETS-OTHER>                                  139387
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                62280150
<PAYABLE-FOR-SECURITIES>                        438028
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       488941
<TOTAL-LIABILITIES>                             926969
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      61505958
<SHARES-COMMON-STOCK>                            18779
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       220749
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         829511
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1203037)
<NET-ASSETS>                                    202924
<DIVIDEND-INCOME>                               507422
<INTEREST-INCOME>                              1527979
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1121326
<NET-INVESTMENT-INCOME>                         914075
<REALIZED-GAINS-CURRENT>                        806359
<APPREC-INCREASE-CURRENT>                    (1834527)
<NET-CHANGE-FROM-OPS>                         (114093)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          18780
<NUMBER-OF-SHARES-REDEEMED>                          1
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        26964631
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           285526
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1121326
<AVERAGE-NET-ASSETS>                             68752
<PER-SHARE-NAV-BEGIN>                            10.74
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.81
<EXPENSE-RATIO>                                   5.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000825306
<NAME> MERRILL LYNCH GLOBAL CONVERTIBLE FUND, INC.
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-START>                             OCT-21-1994
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                         62103177
<INVESTMENTS-AT-VALUE>                        61021733
<RECEIVABLES>                                  1119030
<ASSETS-OTHER>                                  139387
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                62280150
<PAYABLE-FOR-SECURITIES>                        438028
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       488941
<TOTAL-LIABILITIES>                             926969
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      61505958
<SHARES-COMMON-STOCK>                            16585
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       220749
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         829511
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (1203037)
<NET-ASSETS>                                    178523
<DIVIDEND-INCOME>                               507422
<INTEREST-INCOME>                              1527979
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 1121326
<NET-INVESTMENT-INCOME>                         914075
<REALIZED-GAINS-CURRENT>                        806359
<APPREC-INCREASE-CURRENT>                    (1834527)
<NET-CHANGE-FROM-OPS>                         (114093)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          16586
<NUMBER-OF-SHARES-REDEEMED>                          1
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        26964631
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           285526
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1121326
<AVERAGE-NET-ASSETS>                             61849
<PER-SHARE-NAV-BEGIN>                            10.69
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.76
<EXPENSE-RATIO>                                   5.13
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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