SHEFFIELD FUNDS INC
NSAR-A, 1998-06-18
Previous: PROCYTE CORP /WA/, 424B3, 1998-06-18
Next: WNC HOUSING TAX CREDIT FUND II LP, SC 14D1/A, 1998-06-18



<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0000858496
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE SHEFFIELD FUNDS, INC.
001 B000000 811-5886
001 C000000 7709531597
002 A000000 900 CIRCLE 75 PARKWAY, SUITE 750
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30339
002 D020000 3082
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 SHEFFIELD TOTAL RETURN FUND
007 C030100 N
007 C010200  2
007 C020200 SHEFFIELD INTERMEDIATE TERM BOND FUND
007 C030200 N
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 A00AA01 SHEFFIELD INVESTMENT MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-14812
008 D01AA01 ATLANTA
008 D02AA01 GA
008 D03AA01 30339
008 D04AA01 3082
010 A00AA01 SHEFFIELD INVESTMENT MANAGEMENT, INC.
010 B00AA01 801-14812
010 C01AA01 ATLANTA
010 C02AA01 GA
010 C03AA01 30339
010 C04AA01 3082
011 A00AA01 ALPHA-LINE INVESTMENTS, INC.
<PAGE>      PAGE  2
011 B00AA01 8-36294
011 C01AA01 ATLANTA
011 C02AA01 GA
011 C03AA01 30339
011 C04AA01 3082
012 A00AA01 SHEFFIELD INVESTMENT MANAGEMENT, INC.
012 B00AA01 85-0000000
012 C01AA01 ATLANTA
012 C02AA01 GA
012 C03AA01 30339
012 C04AA01 3082
013 A00AA01 COOPERS & LYBRAND
013 B01AA01 ATLANTA
013 B02AA01 GA
013 B03AA01 30309
013 B04AA01 3630
014 A00AA01 ALPHA-LINE INVESTMENTS, INC.
014 B00AA01 8-36294
015 A00AA01 UMB BANK, N.A.
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64141
015 C04AA01 6226
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 INSTINET
020 B000001 13-2596491
020 C000001     15
020 A000002 PAINEWEBBER
020 B000002 13-2638166
020 C000002      9
020 A000003 BROADCORT, INC.
020 B000003 13-3144415
020 C000003      3
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000       27
022 A000001 SPEAR LEEDS
022 B000001 13-5515160
022 C000001      1989
022 D000001       937
022 A000002 GRUNTAL & CO., INC.
022 B000002 13-3179859
<PAGE>      PAGE  3
022 C000002       858
022 D000002       662
022 A000003 UMB BANK
022 C000003        89
022 D000003        90
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000       2936
023 D000000       1689
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 Y
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.000
<PAGE>      PAGE  4
048 A01AA00    50000
048 A02AA00 1.000
048 B01AA00    50000
048 B02AA00 0.750
048 C01AA00        0
048 C02AA00 0.600
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 Y
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     5000
<PAGE>      PAGE  5
077 A000000 Y
077 B000000 N
077 Q010000 Y
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
086 A010000      0
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
024  000100 N
025 D000101       0
025 D000102       0
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100       321
028 A020100         0
028 A030100         0
028 A040100       505
028 B010100       168
028 B020100      2749
028 B030100         0
028 B040100       228
028 C010100      1102
028 C020100         0
028 C030100         0
028 C040100       301
028 D010100       275
028 D020100         0
028 D030100         0
028 D040100       950
028 E010100       136
028 E020100         0
028 E030100         0
028 E040100       390
028 F010100       202
<PAGE>      PAGE  6
028 F020100         0
028 F030100         0
028 F040100      2586
028 G010100      2204
028 G020100      2749
028 G030100         0
028 G040100      4960
028 H000100         0
042 A000100   0
042 B000100   0
042 C000100   0
042 D000100 100
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100      3
044  000100      0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
<PAGE>      PAGE  7
070 B010100 Y
070 B020100 Y
070 C010100 N
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100      6206
071 B000100      9971
071 C000100     30123
071 D000100   21
072 A000100  6
072 B000100       13
072 C000100      192
072 D000100        0
072 E000100        0
072 F000100      149
072 G000100       24
072 H000100        0
072 I000100        5
072 J000100        6
072 K000100        0
072 L000100        1
072 M000100        2
<PAGE>      PAGE  8
072 N000100        1
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        7
072 S000100        1
072 T000100        3
072 U000100        0
072 V000100        0
072 W000100        6
072 X000100      205
072 Y000100        0
072 Z000100        0
072AA000100     3114
072BB000100        0
072CC010100     1589
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100     3222
073 A010100   0.0000
073 A020100   0.0000
073 B000100   2.1020
073 C000100   0.0000
074 A000100      179
074 B000100        0
074 C000100        0
074 D000100      817
074 E000100        0
074 F000100    29033
074 G000100       50
074 H000100        0
074 I000100        0
074 J000100      109
074 K000100        0
074 L000100       33
074 M000100        9
074 N000100    30230
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100       49
074 R040100       80
074 S000100        0
074 T000100    30101
074 U010100     1577
074 U020100        0
074 V010100    19.09
074 V020100     0.00
<PAGE>      PAGE  9
074 W000100   0.0000
074 X000100      161
074 Y000100        0
075 A000100        0
075 B000100    30107
076  000100     0.00
024  000200 N
025 D000201       0
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200       241
028 A020200         0
028 A030200         0
028 A040200       281
028 B010200       497
028 B020200       264
028 B030200         0
028 B040200        14
028 C010200       211
028 C020200         0
028 C030200         0
028 C040200       969
028 D010200       265
028 D020200         0
028 D030200         0
028 D040200       430
028 E010200        46
028 E020200         0
028 E030200         0
028 E040200       600
028 F010200      1361
028 F020200        82
028 F030200         0
028 F040200       163
028 G010200      2621
028 G020200       346
028 G030200         0
028 G040200      2457
028 H000200         0
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200 100
042 E000200   0
042 F000200   0
042 G000200   0
<PAGE>      PAGE  10
042 H000200   0
043  000200      3
044  000200      0
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200  89.8
062 Q000200   0.0
062 R000200  10.2
063 A000200   0
063 B000200  6.9
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
<PAGE>      PAGE  11
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200      2257
071 B000200      1707
071 C000200      7635
071 D000200   22
072 A000200  6
072 B000200      224
072 C000200       13
072 D000200        0
072 E000200        0
072 F000200       29
072 G000200       11
072 H000200        0
072 I000200        5
072 J000200        2
072 K000200        0
072 L000200        1
072 M000200        2
072 N000200        1
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        8
072 S000200        1
072 T000200        3
072 U000200        0
072 V000200        0
072 W000200        2
072 X000200       65
072 Y000200        0
072 Z000200      172
072AA000200      105
072BB000200        0
072CC010200        0
072CC020200       38
072DD010200      175
072DD020200        0
072EE000200      171
073 A010200   0.2270
<PAGE>      PAGE  12
073 A020200   0.0000
073 B000200   0.2044
073 C000200   0.0000
074 A000200       33
074 B000200        0
074 C000200        0
074 D000200     7345
074 E000200        0
074 F000200      948
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200      105
074 M000200        2
074 N000200     8433
074 O000200      237
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       18
074 S000200        0
074 T000200     8178
074 U010200      857
074 U020200        0
074 V010200     9.55
074 V020200     0.00
074 W000200   0.0000
074 X000200       98
074 Y000200        0
075 A000200        0
075 B000200     7656
076  000200     0.00
SIGNATURE   CAROLINE L. SCOTT                            
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 02
   <NAME> SHEFFIELD INTERMEDIATE TERM BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                          7824602
<INVESTMENTS-AT-VALUE>                         8326211
<RECEIVABLES>                                   104615
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                              1938
<TOTAL-ASSETS>                                 8432764
<PAYABLE-FOR-SECURITIES>                        237278
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        17454
<TOTAL-LIABILITIES>                             254732
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       7548207
<SHARES-COMMON-STOCK>                           856715
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        23420
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         104796
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        501609
<NET-ASSETS>                                   8178032
<DIVIDEND-INCOME>                                12942
<INTEREST-INCOME>                               223963
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   65356
<NET-INVESTMENT-INCOME>                         171549
<REALIZED-GAINS-CURRENT>                        104787
<APPREC-INCREASE-CURRENT>                      (38011)
<NET-CHANGE-FROM-OPS>                            66776
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (175236)
<DISTRIBUTIONS-OF-GAINS>                      (171108)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         271296
<NUMBER-OF-SHARES-REDEEMED>                   (254546)
<SHARES-REINVESTED>                              36407
<NET-CHANGE-IN-ASSETS>                          401697
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            38279
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  87547
<AVERAGE-NET-ASSETS>                           7655760
<PER-SHARE-NAV-BEGIN>                             9.68
<PER-SHARE-NII>                                    .20
<PER-SHARE-GAIN-APPREC>                            .10
<PER-SHARE-DIVIDEND>                             (.23)
<PER-SHARE-DISTRIBUTIONS>                        (.20)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.55
<EXPENSE-RATIO>                                   1.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 01
   <NAME> SHEFFIELD TOTAL RETURN FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                         17810374
<INVESTMENTS-AT-VALUE>                        30029614
<RECEIVABLES>                                   141830
<ASSETS-OTHER>                                   49500
<OTHER-ITEMS-ASSETS>                              8748
<TOTAL-ASSETS>                                30229692
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       129060
<TOTAL-LIABILITIES>                             129060
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      14801756
<SHARES-COMMON-STOCK>                          1576830
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3080564
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      12218312
<NET-ASSETS>                                  30100632
<DIVIDEND-INCOME>                               191865
<INTEREST-INCOME>                                12920
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  204785
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                       3114292
<APPREC-INCREASE-CURRENT>                      1589488
<NET-CHANGE-FROM-OPS>                          4703780
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       3222107
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         125822
<NUMBER-OF-SHARES-REDEEMED>                   (265682)
<SHARES-REINVESTED>                             167202
<NET-CHANGE-IN-ASSETS>                         1474556
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           149259
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 204785
<AVERAGE-NET-ASSETS>                          30107310
<PER-SHARE-NAV-BEGIN>                            18.47
<PER-SHARE-NII>                                    .00
<PER-SHARE-GAIN-APPREC>                           2.72
<PER-SHARE-DIVIDEND>                             (.00)
<PER-SHARE-DISTRIBUTIONS>                       (2.10)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.09
<EXPENSE-RATIO>                                   1.36
<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