<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> PAUZE U.S. GOVERNMENT TOTAL RETURN BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> APR-30-2001
<PERIOD-START> MAY-01-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 66,787,015
<INVESTMENTS-AT-VALUE> 65,982,562
<RECEIVABLES> 1,487,053
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,469,615
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92,380
<TOTAL-LIABILITIES> 92,380
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 75,363,231
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3,607
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,185,150)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (804,453)
<NET-ASSETS> 67,377,235
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,975,945
<OTHER-INCOME> 0
<EXPENSES-NET> 544,430
<NET-INVESTMENT-INCOME> 1,431,515
<REALIZED-GAINS-CURRENT> 3,237,158
<APPREC-INCREASE-CURRENT> (804,453)
<NET-CHANGE-FROM-OPS> 3,864,220
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,427,908
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 773,384
<NUMBER-OF-SHARES-REDEEMED> 436,983
<SHARES-REINVESTED> 158,227
<NET-CHANGE-IN-ASSETS> 7,001,237
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (10,422,308)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 190,367
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 544,430
<AVERAGE-NET-ASSETS> 62,938,483
<PER-SHARE-NAV-BEGIN> 8.08
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 0.33
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 8.41
<EXPENSE-RATIO> 1.65
</TABLE>