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

<ARTICLE>                                6
<SERIES>
<NUMBER>                                 091
<NAME>                                   Small Cap Value Fund - Class N

<S>                                      <C>
<PERIOD-TYPE>                            YEAR
<FISCAL-YEAR-END>                        OCT-31-2000
<PERIOD-START>                           OCT-31-1999
<PERIOD-END>                             OCT-31-2000
<INVESTMENTS-AT-COST>                                       45,886,415
<INVESTMENTS-AT-VALUE>                                      48,520,940
<RECEIVABLES>                                                1,124,673
<ASSETS-OTHER>                                                   3,452
<OTHER-ITEMS-ASSETS>                                           495,786
<TOTAL-ASSETS>                                              50,144,851
<PAYABLE-FOR-SECURITIES>                                       609,550
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                      124,022
<TOTAL-LIABILITIES>                                            733,572
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                    44,598,688
<SHARES-COMMON-STOCK>                                        4,558,476
<SHARES-COMMON-PRIOR>                                        4,624,913
<ACCUMULATED-NII-CURRENT>                                       70,773
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                      2,107,293
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                     2,634,525
<NET-ASSETS>                                                49,411,279
<DIVIDEND-INCOME>                                              814,311
<INTEREST-INCOME>                                               98,402
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                (650,664)
<NET-INVESTMENT-INCOME>                                        262,049
<REALIZED-GAINS-CURRENT>                                     3,348,077
<APPREC-INCREASE-CURRENT>                                    4,482,289
<NET-CHANGE-FROM-OPS>                                        8,092,415
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                     (294,216)
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                      1,391,079
<NUMBER-OF-SHARES-REDEEMED>                                  1,486,175
<SHARES-REINVESTED>                                             28,659
<NET-CHANGE-IN-ASSETS>                                       6,933,015
<ACCUMULATED-NII-PRIOR>                                        146,540
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                   1,284,384
<GROSS-ADVISORY-FEES>                                          464,754
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                687,128
<AVERAGE-NET-ASSETS>                                        46,455,786
<PER-SHARE-NAV-BEGIN>                                             9.18
<PER-SHARE-NII>                                                   0.06
<PER-SHARE-GAIN-APPREC>                                           1.66
<PER-SHARE-DIVIDEND>                                             (0.06)
<PER-SHARE-DISTRIBUTIONS>                                         0.00
<RETURNS-OF-CAPITAL>                                              0.00
<PER-SHARE-NAV-END>                                              10.84
<EXPENSE-RATIO>                                                   1.40



</TABLE>


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