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>                      1
   <NAME>                        Chesapeake Growth Fund Instit.
<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>                                      3,069,178
<SHARES-COMMON-PRIOR>                                      3,640,047
<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>                                      142,729
<NUMBER-OF-SHARES-REDEEMED>                                  713,598
<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>                                          33.08
<PER-SHARE-NII>                                                (0.17)
<PER-SHARE-GAIN-APPREC>                                         2.12
<PER-SHARE-DIVIDEND>                                               0
<PER-SHARE-DISTRIBUTIONS>                                          0
<RETURNS-OF-CAPITAL>                                               0
<PER-SHARE-NAV-END>                                            35.03
<EXPENSE-RATIO>                                                 1.15


</TABLE>


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