IAI INVESTMENT FUNDS II INC
NSAR-B, EX-27, 2000-05-30
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<TABLE> <S> <C>


<ARTICLE>                                            6
<CIK>     0000902974
<NAME>    IAI INVESTMENT FUNDS II, INC.
<SERIES>
   <NUMBER>    1
   <NAME>      IAI Growth Fund

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              MAR-31-2000
<PERIOD-START>                                 APR-01-1999
<PERIOD-END>                                   MAR-31-2000
<INVESTMENTS-AT-COST>                          6,885,063
<INVESTMENTS-AT-VALUE>                         8,630,449
<RECEIVABLES>                                  982,899
<ASSETS-OTHER>                                 16,968
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 9,630,316
<PAYABLE-FOR-SECURITIES>                       1,179,122
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      8,829
<TOTAL-LIABILITIES>                            1,187,951
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       4,425,499
<SHARES-COMMON-STOCK>                          733,987
<SHARES-COMMON-PRIOR>                          1,177,275
<ACCUMULATED-NII-CURRENT>                      0
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        2,271,480
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       1,745,386
<NET-ASSETS>                                   8,442,365
<DIVIDEND-INCOME>                              43,486
<INTEREST-INCOME>                              19,306
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 (129,730)
<NET-INVESTMENT-INCOME>                        (66,938)
<REALIZED-GAINS-CURRENT>                       3,167,603
<APPREC-INCREASE-CURRENT>                      (852,950)
<NET-CHANGE-FROM-OPS>                          2,247,715
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       (3,149,865)
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        363,165
<NUMBER-OF-SHARES-REDEEMED>                    (1,123,701)
<SHARES-REINVESTED>                            317,248
<NET-CHANGE-IN-ASSETS>                         (5,912,327)
<ACCUMULATED-NII-PRIOR>                        0
<ACCUMULATED-GAINS-PRIOR>                      2,320,680
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          (129,685)
<INTEREST-EXPENSE>                             (45)
<GROSS-EXPENSE>                                (133,871)
<AVERAGE-NET-ASSETS>                           10,344,816
<PER-SHARE-NAV-BEGIN>                          12.19
<PER-SHARE-NII>                                (0.07)
<PER-SHARE-GAIN-APPREC>                        2.74
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      (3.36)
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            11.50
<EXPENSE-RATIO>                                1.25



</TABLE>


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