VARIABLE INSURANCE FUNDS
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000927290
<NAME> HSBC FUNDS TRUST
<SERIES>
   <NUMBER> 060
   <NAME> HSBC VARIABLE CASH MANAGEMENT FUND

<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>                               61043
<INVESTMENTS-AT-VALUE>                              61043
<RECEIVABLES>                                          83
<ASSETS-OTHER>                                          0
<OTHER-ITEMS-ASSETS>                                    0
<TOTAL-ASSETS>                                      61126
<PAYABLE-FOR-SECURITIES>                                0
<SENIOR-LONG-TERM-DEBT>                                 0
<OTHER-ITEMS-LIABILITIES>                             148
<TOTAL-LIABILITIES>                                   148
<SENIOR-EQUITY>                                         0
<PAID-IN-CAPITAL-COMMON>                            60978
<SHARES-COMMON-STOCK>                               60978
<SHARES-COMMON-PRIOR>                                   0
<ACCUMULATED-NII-CURRENT>                               0
<OVERDISTRIBUTION-NII>                                  0
<ACCUMULATED-NET-GAINS>                                 0
<OVERDISTRIBUTION-GAINS>                                0
<ACCUM-APPREC-OR-DEPREC>                                0
<NET-ASSETS>                                        60978
<DIVIDEND-INCOME>                                       0
<INTEREST-INCOME>                                     149
<OTHER-INCOME>                                          0
<EXPENSES-NET>                                         30
<NET-INVESTMENT-INCOME>                               119
<REALIZED-GAINS-CURRENT>                                0
<APPREC-INCREASE-CURRENT>                               0
<NET-CHANGE-FROM-OPS>                                 119
<EQUALIZATION>                                          0
<DISTRIBUTIONS-OF-INCOME>                             119
<DISTRIBUTIONS-OF-GAINS>                                0
<DISTRIBUTIONS-OTHER>                                   0
<NUMBER-OF-SHARES-SOLD>                             61006
<NUMBER-OF-SHARES-REDEEMED>                            29
<SHARES-REINVESTED>                                     1
<NET-CHANGE-IN-ASSETS>                              60978
<ACCUMULATED-NII-PRIOR>                                 0
<ACCUMULATED-GAINS-PRIOR>                               0
<OVERDISTRIB-NII-PRIOR>                                 0
<OVERDIST-NET-GAINS-PRIOR>                              0
<GROSS-ADVISORY-FEES>                                   9
<INTEREST-EXPENSE>                                      0
<GROSS-EXPENSE>                                        43
<AVERAGE-NET-ASSETS>                                25323
<PER-SHARE-NAV-BEGIN>                                1.00
<PER-SHARE-NII>                                      0.01
<PER-SHARE-GAIN-APPREC>                              0.00
<PER-SHARE-DIVIDEND>                                 0.01
<PER-SHARE-DISTRIBUTIONS>                            0.00
<RETURNS-OF-CAPITAL>                                 0.00
<PER-SHARE-NAV-END>                                  1.00
<EXPENSE-RATIO>                                      1.17











</TABLE>


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