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

<ARTICLE> 6
<SERIES>
   <NUMBER> 072
   <NAME> ALLEGHANY MONTAG & CALDWELL BALANCED FUND-CLASS I

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                      315,712,353
<INVESTMENTS-AT-VALUE>                     341,766,442
<RECEIVABLES>                               13,039,509
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             2,966
<TOTAL-ASSETS>                             354,808,917
<PAYABLE-FOR-SECURITIES>                       442,179
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      809,869
<TOTAL-LIABILITIES>                          1,252,048
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   308,740,858
<SHARES-COMMON-STOCK>                        9,680,003
<SHARES-COMMON-PRIOR>                        4,681,242
<ACCUMULATED-NII-CURRENT>                      914,731
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     17,847,191
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    26,054,089
<NET-ASSETS>                               353,556,869
<DIVIDEND-INCOME>                              590,476
<INTEREST-INCOME>                            3,823,388
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,520,391)
<NET-INVESTMENT-INCOME>                      2,893,473
<REALIZED-GAINS-CURRENT>                    17,986,960
<APPREC-INCREASE-CURRENT>                  (7,005,031)
<NET-CHANGE-FROM-OPS>                       13,875,402
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,309,154)
<DISTRIBUTIONS-OF-GAINS>                   (4,863,092)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    115,262,990
<NUMBER-OF-SHARES-REDEEMED>                 27,059,490
<SHARES-REINVESTED>                          5,482,547
<NET-CHANGE-IN-ASSETS>                     102,364,820
<ACCUMULATED-NII-PRIOR>                        660,478
<ACCUMULATED-GAINS-PRIOR>                   11,952,224
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,116,029
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,520,391
<AVERAGE-NET-ASSETS>                       136,045,769
<PER-SHARE-NAV-BEGIN>                            19.42
<PER-SHARE-NII>                                   0.18
<PER-SHARE-GAIN-APPREC>                           0.67
<PER-SHARE-DIVIDEND>                            (0.19)
<PER-SHARE-DISTRIBUTIONS>                       (0.88)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.20
<EXPENSE-RATIO>                                   0.88



</TABLE>


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