PAUZE FUNDS
NSAR-B, EX-27.3, 2000-07-13
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<TABLE> <S> <C>

<ARTICLE>                     6
<SERIES>
     <NUMBER>                 3
     <NAME>                   PAUZE U.S. GOVT SHORT TERM BOND FUND

<S>                           <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                   APR-30-2000
<PERIOD-START>                      MAY-01-1999
<PERIOD-END>                        APR-30-2000
<INVESTMENTS-AT-COST>                 2,755,054
<INVESTMENTS-AT-VALUE>                2,731,738
<RECEIVABLES>                            12,985
<ASSETS-OTHER>                            2,001
<OTHER-ITEMS-ASSETS>                          0
<TOTAL-ASSETS>                        2,746,724
<PAYABLE-FOR-SECURITIES>                      0
<SENIOR-LONG-TERM-DEBT>                       0
<OTHER-ITEMS-LIABILITIES>                 9,058
<TOTAL-LIABILITIES>                       9,058
<SENIOR-EQUITY>                               0
<PAID-IN-CAPITAL-COMMON>              2,801,584
<SHARES-COMMON-STOCK>                         0
<SHARES-COMMON-PRIOR>                         0
<ACCUMULATED-NII-CURRENT>                 1,484
<OVERDISTRIBUTION-NII>                        0
<ACCUMULATED-NET-GAINS>                 (42,086)
<OVERDISTRIBUTION-GAINS>                      0
<ACCUM-APPREC-OR-DEPREC>                (23,316)
<NET-ASSETS>                          2,737,666
<DIVIDEND-INCOME>                             0
<INTEREST-INCOME>                       101,867
<OTHER-INCOME>                                0
<EXPENSES-NET>                           53,712
<NET-INVESTMENT-INCOME>                  48,155
<REALIZED-GAINS-CURRENT>                (42,414)
<APPREC-INCREASE-CURRENT>               (22,442)
<NET-CHANGE-FROM-OPS>                   (16,701)
<EQUALIZATION>                                0
<DISTRIBUTIONS-OF-INCOME>                48,145
<DISTRIBUTIONS-OF-GAINS>                      0
<DISTRIBUTIONS-OTHER>                         0
<NUMBER-OF-SHARES-SOLD>                 136,254
<NUMBER-OF-SHARES-REDEEMED>              74,033
<SHARES-REINVESTED>                       4,519
<NET-CHANGE-IN-ASSETS>                  583,710
<ACCUMULATED-NII-PRIOR>                       0
<ACCUMULATED-GAINS-PRIOR>                   328
<OVERDISTRIB-NII-PRIOR>                       0
<OVERDIST-NET-GAINS-PRIOR>                    0
<GROSS-ADVISORY-FEES>                     9,169
<INTEREST-EXPENSE>                            0
<GROSS-EXPENSE>                          53,712
<AVERAGE-NET-ASSETS>                  1,835,382
<PER-SHARE-NAV-BEGIN>                     10.09
<PER-SHARE-NII>                            0.25
<PER-SHARE-GAIN-APPREC>                   (0.30)
<PER-SHARE-DIVIDEND>                      (0.25)
<PER-SHARE-DISTRIBUTIONS>                  0.00
<RETURNS-OF-CAPITAL>                       0.00
<PER-SHARE-NAV-END>                        9.79
<EXPENSE-RATIO>                            2.80


</TABLE>


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