ARBOR FUND
NSAR-A, EX-27, 2000-09-28
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000890540
<NAME> ARBOR
<SERIES>
   <NUMBER> 020
   <NAME> GOLDEN OAK INTERMEDIATE TERM INCOME PORTFOLIO CLASS I
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-2001
<PERIOD-START>                             FEB-01-2000
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                           171827
<INVESTMENTS-AT-VALUE>                          165853
<RECEIVABLES>                                     2900
<ASSETS-OTHER>                                      30
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  168783
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1037
<TOTAL-LIABILITIES>                               1037
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        175721
<SHARES-COMMON-STOCK>                            17022
<SHARES-COMMON-PRIOR>                            15773
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (2001)
<ACCUM-APPREC-OR-DEPREC>                        (5974)
<NET-ASSETS>                                    167746
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 5481
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (535)
<NET-INVESTMENT-INCOME>                           4946
<REALIZED-GAINS-CURRENT>                         (525)
<APPREC-INCREASE-CURRENT>                         2713
<NET-CHANGE-FROM-OPS>                             7134
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (4763)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2773
<NUMBER-OF-SHARES-REDEEMED>                     (1541)
<SHARES-REINVESTED>                                 17
<NET-CHANGE-IN-ASSETS>                           13948
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      (1476)
<GROSS-ADVISORY-FEES>                              405
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    651
<AVERAGE-NET-ASSETS>                            162981
<PER-SHARE-NAV-BEGIN>                             9.35
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                           0.14
<PER-SHARE-DIVIDEND>                            (0.29)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.49
<EXPENSE-RATIO>                                   0.65


</TABLE>


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