AON FUNDS
NSAR-B, EX-27.2, 2000-12-29
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<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> ASSET ALLOCATION FUND
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-START>                             NOV-01-1999
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                          155,084
<INVESTMENTS-AT-VALUE>                         186,325
<RECEIVABLES>                                    1,096
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 187,421
<PAYABLE-FOR-SECURITIES>                           213
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          307
<TOTAL-LIABILITIES>                                520
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       139,716
<SHARES-COMMON-STOCK>                           10,966
<SHARES-COMMON-PRIOR>                            9,332
<ACCUMULATED-NII-CURRENT>                          355
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         15,589
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        31,241
<NET-ASSETS>                                   186,901
<DIVIDEND-INCOME>                                1,033
<INTEREST-INCOME>                                3,822
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     685
<NET-INVESTMENT-INCOME>                          4,170
<REALIZED-GAINS-CURRENT>                        16,035
<APPREC-INCREASE-CURRENT>                          277
<NET-CHANGE-FROM-OPS>                           20,482
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        4,112
<DISTRIBUTIONS-OF-GAINS>                        21,997
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,538
<NUMBER-OF-SHARES-REDEEMED>                      4,469
<SHARES-REINVESTED>                              1,565
<NET-CHANGE-IN-ASSETS>                          22,472
<ACCUMULATED-NII-PRIOR>                            297
<ACCUMULATED-GAINS-PRIOR>                       21,551
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,041
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,255
<AVERAGE-NET-ASSETS>                           188,372
<PER-SHARE-NAV-BEGIN>                            17.62
<PER-SHARE-NII>                                   0.38
<PER-SHARE-GAIN-APPREC>                           1.61
<PER-SHARE-DIVIDEND>                              0.38
<PER-SHARE-DISTRIBUTIONS>                         2.19
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.04
<EXPENSE-RATIO>                                   0.36



</TABLE>


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