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

<ARTICLE> 6
<SERIES>
   <NUMBER> 050
   <NAME> ALLEGHANY CHICAGO TRUST TALON FUND-CLASS N

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                       16,198,522
<INVESTMENTS-AT-VALUE>                      18,850,461
<RECEIVABLES>                                  457,482
<ASSETS-OTHER>                                   3,436
<OTHER-ITEMS-ASSETS>                               202
<TOTAL-ASSETS>                              19,311,581
<PAYABLE-FOR-SECURITIES>                       437,424
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       33,332
<TOTAL-LIABILITIES>                            470,756
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,581,190
<SHARES-COMMON-STOCK>                        1,091,205
<SHARES-COMMON-PRIOR>                        1,307,041
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          52,353
<ACCUMULATED-NET-GAINS>                      3,660,049
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,651,939
<NET-ASSETS>                                18,840,825
<DIVIDEND-INCOME>                               59,609
<INTEREST-INCOME>                                7,387
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (119,349)
<NET-INVESTMENT-INCOME>                       (52,353)
<REALIZED-GAINS-CURRENT>                     3,660,214
<APPREC-INCREASE-CURRENT>                    1,196,895
<NET-CHANGE-FROM-OPS>                        4,804,756
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (195,413)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        538,541
<NUMBER-OF-SHARES-REDEEMED>                  4,083,965
<SHARES-REINVESTED>                            190,868
<NET-CHANGE-IN-ASSETS>                       1,254,787
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      195,248
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           73,443
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                138,607
<AVERAGE-NET-ASSETS>                        18,444,894
<PER-SHARE-NAV-BEGIN>                            13.45
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                           4.02
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.15)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.27
<EXPENSE-RATIO>                                   1.30



</TABLE>


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