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

<ARTICLE> 6
<SERIES>
   <NUMBER> 080
   <NAME> ALLEGHANY CHICAGO TRUST BALANCED FUND-CLASS N

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                      226,426,240
<INVESTMENTS-AT-VALUE>                     308,115,917
<RECEIVABLES>                                6,775,824
<ASSETS-OTHER>                                     512
<OTHER-ITEMS-ASSETS>                            15,075
<TOTAL-ASSETS>                             314,907,328
<PAYABLE-FOR-SECURITIES>                     2,838,907
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      610,086
<TOTAL-LIABILITIES>                          3,448,993
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   214,045,910
<SHARES-COMMON-STOCK>                       22,926,712
<SHARES-COMMON-PRIOR>                       22,580,601
<ACCUMULATED-NII-CURRENT>                      936,114
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     14,786,634
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    81,689,677
<NET-ASSETS>                               311,458,335
<DIVIDEND-INCOME>                              604,470
<INTEREST-INCOME>                            4,331,451
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,571,438)
<NET-INVESTMENT-INCOME>                      3,364,483
<REALIZED-GAINS-CURRENT>                    14,788,004
<APPREC-INCREASE-CURRENT>                    6,037,585
<NET-CHANGE-FROM-OPS>                       24,190,072
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,404,531)
<DISTRIBUTIONS-OF-GAINS>                   (8,216,573)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     33,087,858
<NUMBER-OF-SHARES-REDEEMED>                 40,233,564
<SHARES-REINVESTED>                         11,609,056
<NET-CHANGE-IN-ASSETS>                      17,032,318
<ACCUMULATED-NII-PRIOR>                        976,162
<ACCUMULATED-GAINS-PRIOR>                    8,215,203
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,047,594
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,571,438
<AVERAGE-NET-ASSETS>                       300,682,700
<PER-SHARE-NAV-BEGIN>                            13.04
<PER-SHARE-NII>                                   0.15
<PER-SHARE-GAIN-APPREC>                           0.91
<PER-SHARE-DIVIDEND>                            (0.15)
<PER-SHARE-DISTRIBUTIONS>                       (0.37)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.58
<EXPENSE-RATIO>                                   1.05



</TABLE>


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