CONSULTING GROUP CAPITAL MARKETS FUNDS
NSAR-B, EX-27, 2000-11-09
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000875186
<NAME> Municipal Bond Investments
<SERIES>
   <NUMBER>004
   <NAME>Consulting Group Capital Markets Funds

<S>                             <C>
<PERIOD-TYPE>                  1-Year
<FISCAL-YEAR-END>                                Aug-31-200
<PERIOD-END>                                    Aug-31-2000
<INVESTMENTS-AT-COST>                            49,090,214
<INVESTMENTS-AT-VALUE>                           48,429,430
<RECEIVABLES>                                       644,743
<ASSETS-OTHER>                                        5,278
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                   49,079,451
<PAYABLE-FOR-SECURITIES>                                  0
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                           290,197
<TOTAL-LIABILITIES>                                 290,197
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                         52,027,707
<SHARES-COMMON-STOCK>                             5,807,458
<SHARES-COMMON-PRIOR>                             7,507,633
<ACCUMULATED-NII-CURRENT>                           123,614
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                          (2,701,283)
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                           (660,784)
<NET-ASSETS>                                     48,789,254
<DIVIDEND-INCOME>                                         0
<INTEREST-INCOME>                                 2,971,953
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                      443,607
<NET-INVESTMENT-INCOME>                           2,528,346
<REALIZED-GAINS-CURRENT>                         (2,701,282)
<APPREC-INCREASE-CURRENT>                         3,598,713
<NET-CHANGE-FROM-OPS>                             3,425,777
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                         2,404,732
<DISTRIBUTIONS-OF-GAINS>                             63,586
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                           2,062,646
<NUMBER-OF-SHARES-REDEEMED>                       4,046,973
<SHARES-REINVESTED>                                 284,152
<NET-CHANGE-IN-ASSETS>                          (12,954,088)
<ACCUMULATED-NII-PRIOR>                                   0
<ACCUMULATED-GAINS-PRIOR>                            63,585
<OVERDISTRIB-NII-PRIOR>                                   0
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                               338,157
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                     443,607
<AVERAGE-NET-ASSETS>                             56,169,554
<PER-SHARE-NAV-BEGIN>                                 8.220
<PER-SHARE-NII>                                       0.370
<PER-SHARE-GAIN-APPREC>                               0.170
<PER-SHARE-DIVIDEND>                                  0.350
<PER-SHARE-DISTRIBUTIONS>                             0.010
<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                   8.400
<EXPENSE-RATIO>                                        0.79



</TABLE>


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