PILGRIM MUTUAL FUNDS
NSAR-B, EX-27.123, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 895430
<NAME> MONEY MARKET FUND
<SERIES>
   <NUMBER> 123
   <NAME> CLASS C
<MULTIPLIER> 1000
<CURRENCY> U.S. DOLLARS

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-START>                             NOV-24-1999
<PERIOD-END>                               JUN-30-2000
<EXCHANGE-RATE>                                      1
<INVESTMENTS-AT-COST>                           100416
<INVESTMENTS-AT-VALUE>                          100416
<RECEIVABLES>                                     1246
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                30
<TOTAL-ASSETS>                                  101692
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         8795
<TOTAL-LIABILITIES>                               8795
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         92896
<SHARES-COMMON-STOCK>                             5431
<SHARES-COMMON-PRIOR>                             2670
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                     92896
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2010
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     489
<NET-INVESTMENT-INCOME>                           1623
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             1623
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1623
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          63807
<NUMBER-OF-SHARES-REDEEMED>                      58439
<SHARES-REINVESTED>                                 62
<NET-CHANGE-IN-ASSETS>                           92896
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    489
<AVERAGE-NET-ASSETS>                              2986
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                               .02
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   1.60


</TABLE>


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