ALLEGHANY FUNDS
NSAR-B, EX-27, 2000-12-29
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<TABLE> <S> <C>

<ARTICLE>                                6
<SERIES>
<NUMBER>                                 072
<NAME>                                   M&C Balanced Fund-Class I

<S>                                      <C>
<PERIOD-TYPE>                            YEAR
<FISCAL-YEAR-END>                        OCT-31-2000
<PERIOD-START>                           OCT-31-1999
<PERIOD-END>                             OCT-31-2000
<INVESTMENTS-AT-COST>                                      314,130,469
<INVESTMENTS-AT-VALUE>                                     336,414,744
<RECEIVABLES>                                                2,247,033
<ASSETS-OTHER>                                                     580
<OTHER-ITEMS-ASSETS>                                                 0
<TOTAL-ASSETS>                                             338,662,357
<PAYABLE-FOR-SECURITIES>                                             0
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      971,622
<TOTAL-LIABILITIES>                                            971,622
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                   303,680,599
<SHARES-COMMON-STOCK>                                        9,388,916
<SHARES-COMMON-PRIOR>                                        4,681,242
<ACCUMULATED-NII-CURRENT>                                    1,007,748
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                     10,718,113
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                    22,284,275
<NET-ASSETS>                                               337,690,735
<DIVIDEND-INCOME>                                            1,397,442
<INTEREST-INCOME>                                            8,570,960
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                              (3,280,812)
<NET-INVESTMENT-INCOME>                                      6,687,590
<REALIZED-GAINS-CURRENT>                                    10,862,039
<APPREC-INCREASE-CURRENT>                                  (10,774,845)
<NET-CHANGE-FROM-OPS>                                        6,774,784
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                   (3,353,338)
<DISTRIBUTIONS-OF-GAINS>                                    (4,863,092)
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      7,257,599
<NUMBER-OF-SHARES-REDEEMED>                                  2,937,423
<SHARES-REINVESTED>                                            387,498
<NET-CHANGE-IN-ASSETS>                                      86,498,686
<ACCUMULATED-NII-PRIOR>                                        660,478
<ACCUMULATED-GAINS-PRIOR>                                   11,952,224
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                        2,441,000
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                              3,280,812
<AVERAGE-NET-ASSETS>                                       159,629,211
<PER-SHARE-NAV-BEGIN>                                            19.42
<PER-SHARE-NII>                                                   0.39
<PER-SHARE-GAIN-APPREC>                                           0.09
<PER-SHARE-DIVIDEND>                                             (0.40)
<PER-SHARE-DISTRIBUTIONS>                                        (0.88)
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              18.62
<EXPENSE-RATIO>                                                   0.88



</TABLE>


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