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

<ARTICLE> 6
<SERIES>
   <NUMBER> 030
   <NAME> ALLEGHANY CHICAGO TRUST MUNICIPAL BOND FUND-CLASS N

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                       16,644,460
<INVESTMENTS-AT-VALUE>                      16,295,049
<RECEIVABLES>                                  307,132
<ASSETS-OTHER>                                     212
<OTHER-ITEMS-ASSETS>                             1,379
<TOTAL-ASSETS>                              16,603,772
<PAYABLE-FOR-SECURITIES>                       521,518
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       46,827
<TOTAL-LIABILITIES>                            568,345
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,674,573
<SHARES-COMMON-STOCK>                        1,654,930
<SHARES-COMMON-PRIOR>                        1,769,602
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       289,735
<ACCUM-APPREC-OR-DEPREC>                     (349,411)
<NET-ASSETS>                                16,035,427
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              408,039
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (8,335)
<NET-INVESTMENT-INCOME>                        399,704
<REALIZED-GAINS-CURRENT>                     (279,505)
<APPREC-INCREASE-CURRENT>                      248,658
<NET-CHANGE-FROM-OPS>                          368,857
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (437,630)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        889,618
<NUMBER-OF-SHARES-REDEEMED>                  2,090,955
<SHARES-REINVESTED>                             86,242
<NET-CHANGE-IN-ASSETS>                     (1,183,868)
<ACCUMULATED-NII-PRIOR>                         37,926
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      10,230
<GROSS-ADVISORY-FEES>                           50,008
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 96,659
<AVERAGE-NET-ASSETS>                        16,744,968
<PER-SHARE-NAV-BEGIN>                             9.73
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                         (0.02)
<PER-SHARE-DIVIDEND>                            (0.26)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.69
<EXPENSE-RATIO>                                    .10



</TABLE>


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