GARDNER LEWIS INVESTMENT TRUST
NSAR-A, EX-27, 2000-10-27
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<TABLE> <S> <C>

<ARTICLE>                              6
<CIK>                                  0000893759
<NAME>                                 Gardner Lewis Investment Trust
<SERIES>
   <NUMBER>                            3
   <NAME>                              Chesapeake Growth Fund Class C
<MULTIPLIER>                           1
<CURRENCY>                             U.S. Dollars

<S>                                           <C>
<PERIOD-TYPE>                                                   6-MOS
<FISCAL-YEAR-END>                                         Feb-28-2001
<PERIOD-END>                                              Aug-31-2000
<EXCHANGE-RATE>                                                     1
<INVESTMENTS-AT-COST>                                     227,138,837
<INVESTMENTS-AT-VALUE>                                    367,498,057
<RECEIVABLES>                                               9,760,029
<ASSETS-OTHER>                                                      0
<OTHER-ITEMS-ASSETS>                                                0
<TOTAL-ASSETS>                                            377,258,086
<PAYABLE-FOR-SECURITIES>                                    9,030,355
<SENIOR-LONG-TERM-DEBT>                                             0
<OTHER-ITEMS-LIABILITIES>                                      87,627
<TOTAL-LIABILITIES>                                         9,117,982
<SENIOR-EQUITY>                                                     0
<PAID-IN-CAPITAL-COMMON>                                  115,877,149
<SHARES-COMMON-STOCK>                                               0
<SHARES-COMMON-PRIOR>                                          64,957
<ACCUMULATED-NII-CURRENT>                                  (1,709,457)
<OVERDISTRIBUTION-NII>                                              0
<ACCUMULATED-NET-GAINS>                                   113,613,192
<OVERDISTRIBUTION-GAINS>                                            0
<ACCUM-APPREC-OR-DEPREC>                                  140,359,220
<NET-ASSETS>                                              368,140,104
<DIVIDEND-INCOME>                                             200,282
<INTEREST-INCOME>                                                   0
<OTHER-INCOME>                                                      0
<EXPENSES-NET>                                              1,909,739
<NET-INVESTMENT-INCOME>                                    (1,709,457)
<REALIZED-GAINS-CURRENT>                                   57,146,359
<APPREC-INCREASE-CURRENT>                                 (41,563,147)
<NET-CHANGE-FROM-OPS>                                      13,873,755
<EQUALIZATION>                                                      0
<DISTRIBUTIONS-OF-INCOME>                                           0
<DISTRIBUTIONS-OF-GAINS>                                            0
<DISTRIBUTIONS-OTHER>                                               0
<NUMBER-OF-SHARES-SOLD>                                         3,202
<NUMBER-OF-SHARES-REDEEMED>                                    68,159
<SHARES-REINVESTED>                                                 0
<NET-CHANGE-IN-ASSETS>                                    (36,087,708)
<ACCUMULATED-NII-PRIOR>                                             0
<ACCUMULATED-GAINS-PRIOR>                                  56,466,833
<OVERDISTRIB-NII-PRIOR>                                             0
<OVERDIST-NET-GAINS-PRIOR>                                          0
<GROSS-ADVISORY-FEES>                                       1,677,468
<INTEREST-EXPENSE>                                                  0
<GROSS-EXPENSE>                                             1,935,696
<AVERAGE-NET-ASSETS>                                      339,581,213
<PER-SHARE-NAV-BEGIN>                                           30.06
<PER-SHARE-NII>                                                 (0.16)
<PER-SHARE-GAIN-APPREC>                                         (5.46)
<PER-SHARE-DIVIDEND>                                                0
<PER-SHARE-DISTRIBUTIONS>                                           0
<RETURNS-OF-CAPITAL>                                           (24.44)
<PER-SHARE-NAV-END>                                                 0
<EXPENSE-RATIO>                                                  3.74


</TABLE>


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