PAINEWEBBER INVESTMENT TRUST
NSAR-B, EX-27, 2000-10-27
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000873803
<NAME> PAINEWEBBER INVESTMENT TRUST
<SERIES>
   <NUMBER> 2
   <NAME> TACTICAL ALLOCATION FUND - CLASS Y
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-2000
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                           159382
<INVESTMENTS-AT-VALUE>                          199131
<RECEIVABLES>                                      593
<ASSETS-OTHER>                                   57420
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  257144
<PAYABLE-FOR-SECURITIES>                            56
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        57993
<TOTAL-LIABILITIES>                              58049
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        141179
<SHARES-COMMON-STOCK>                             5543
<SHARES-COMMON-PRIOR>                             4060
<ACCUMULATED-NII-CURRENT>                         2325
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          15842
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         39749
<NET-ASSETS>                                    199095
<DIVIDEND-INCOME>                                 1504
<INTEREST-INCOME>                                 3295
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1104
<NET-INVESTMENT-INCOME>                           3695
<REALIZED-GAINS-CURRENT>                         18043
<APPREC-INCREASE-CURRENT>                         3203
<NET-CHANGE-FROM-OPS>                            24941
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          135
<DISTRIBUTIONS-OF-GAINS>                          3097
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2868
<NUMBER-OF-SHARES-REDEEMED>                       1481
<SHARES-REINVESTED>                                 96
<NET-CHANGE-IN-ASSETS>                           34086
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         1196
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              830
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1104
<AVERAGE-NET-ASSETS>                            159902
<PER-SHARE-NAV-BEGIN>                            31.99
<PER-SHARE-NII>                                   0.71
<PER-SHARE-GAIN-APPREC>                           3.95
<PER-SHARE-DIVIDEND>                              0.03
<PER-SHARE-DISTRIBUTIONS>                         0.70
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              35.92
<EXPENSE-RATIO>                                   0.56



</TABLE>


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