ALLEGHANY FUNDS
NSAR-A, EX-27, 2000-06-22
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<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 122
   <NAME> ALLEGHANY BLAIRLOGIE EMERGING MARKETS FUND-CLASS I

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                       15,246,958
<INVESTMENTS-AT-VALUE>                      17,565,474
<RECEIVABLES>                                1,027,088
<ASSETS-OTHER>                                  39,877
<OTHER-ITEMS-ASSETS>                               226
<TOTAL-ASSETS>                              18,632,665
<PAYABLE-FOR-SECURITIES>                        44,199
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,176,096
<TOTAL-LIABILITIES>                          1,220,295
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,931,309
<SHARES-COMMON-STOCK>                        1,208,136
<SHARES-COMMON-PRIOR>                        1,536,876
<ACCUMULATED-NII-CURRENT>                       40,733
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    15,866,656
<ACCUM-APPREC-OR-DEPREC>                     2,306,984
<NET-ASSETS>                                17,412,370
<DIVIDEND-INCOME>                              177,422
<INTEREST-INCOME>                               17,711
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (145,393)
<NET-INVESTMENT-INCOME>                         49,740
<REALIZED-GAINS-CURRENT>                     1,679,445
<APPREC-INCREASE-CURRENT>                    1,357,835
<NET-CHANGE-FROM-OPS>                        3,087,020
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (51,540)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,366,373
<NUMBER-OF-SHARES-REDEEMED>                  9,702,828
<SHARES-REINVESTED>                             49,584
<NET-CHANGE-IN-ASSETS>                       (895,802)
<ACCUMULATED-NII-PRIOR>                         45,132
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                  17,546,101
<GROSS-ADVISORY-FEES>                           88,319
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                181,019
<AVERAGE-NET-ASSETS>                        18,502,500
<PER-SHARE-NAV-BEGIN>                            10.79
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           1.75
<PER-SHARE-DIVIDEND>                            (0.04)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.54
<EXPENSE-RATIO>                                   1.35



</TABLE>


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