IAI RETIREMENT FUNDS INC
NSAR-A, EX-27.1, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK>  0000912252
<NAME> IAI RETIREMENT FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME>   IAI Regional Portfolio

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                              DEC-31-2000
<PERIOD-START>                                 JAN-01-2000
<PERIOD-END>                                   JUN-30-2000
<INVESTMENTS-AT-COST>                          10,573,333
<INVESTMENTS-AT-VALUE>                         11,934,248
<RECEIVABLES>                                  156,017
<ASSETS-OTHER>                                 0
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 12,090,265
<PAYABLE-FOR-SECURITIES>                       0
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      18,581
<TOTAL-LIABILITIES>                            18,581
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       9,800,990
<SHARES-COMMON-STOCK>                          737,635
<SHARES-COMMON-PRIOR>                          735,263
<ACCUMULATED-NII-CURRENT>                      31,680
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        878,099
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       1,360,915
<NET-ASSETS>                                   12,071,684
<DIVIDEND-INCOME>                              44,056
<INTEREST-INCOME>                              45,736
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 (58,093)
<NET-INVESTMENT-INCOME>                        31,699
<REALIZED-GAINS-CURRENT>                       878,568
<APPREC-INCREASE-CURRENT>                      (356,751)
<NET-CHANGE-FROM-OPS>                          553,516
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      (40,338)
<DISTRIBUTIONS-OF-GAINS>                       (1,750,140)
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        26,254
<NUMBER-OF-SHARES-REDEEMED>                    (131,677)
<SHARES-REINVESTED>                            107,795
<NET-CHANGE-IN-ASSETS>                         (1,333,416)
<ACCUMULATED-NII-PRIOR>                        40,319
<ACCUMULATED-GAINS-PRIOR>                      1,749,671
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          (41,099)
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                (58,093)
<AVERAGE-NET-ASSETS>                           12,680,500
<PER-SHARE-NAV-BEGIN>                          18.23
<PER-SHARE-NII>                                0.05
<PER-SHARE-GAIN-APPREC>                        0.81
<PER-SHARE-DIVIDEND>                           (0.06)
<PER-SHARE-DISTRIBUTIONS>                      (2.66)
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            16.37
<EXPENSE-RATIO>                                0.92


</TABLE>


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