RYDEX SERIES FUNDS
NSAR-B, EX-27, 2000-05-30
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<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> JUNO FUND

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                          9605155
<INVESTMENTS-AT-VALUE>                         9453118
<RECEIVABLES>                                   586548
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                10039666
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        98578
<TOTAL-LIABILITIES>                              98578
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      17378543
<SHARES-COMMON-STOCK>                          1104632
<SHARES-COMMON-PRIOR>                          1470351
<ACCUMULATED-NII-CURRENT>                        10096
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       7085559
<ACCUM-APPREC-OR-DEPREC>                      (361992)
<NET-ASSETS>                                   9941088
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               902791
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  272445
<NET-INVESTMENT-INCOME>                         630346
<REALIZED-GAINS-CURRENT>                        289789
<APPREC-INCREASE-CURRENT>                     (294569)
<NET-CHANGE-FROM-OPS>                           625566
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        52412
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       31910118
<NUMBER-OF-SHARES-REDEEMED>                   32280729
<SHARES-REINVESTED>                               4892
<NET-CHANGE-IN-ASSETS>                       (2848233)
<ACCUMULATED-NII-PRIOR>                          28462
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     7611272
<GROSS-ADVISORY-FEES>                           167258
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 273511
<AVERAGE-NET-ASSETS>                          17866492
<PER-SHARE-NAV-BEGIN>                             8.70
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                            .04
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .05
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.00
<EXPENSE-RATIO>                                   1.47


</TABLE>


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