1838 INVESTMENT ADVISORS FUNDS
NSAR-A, 1999-07-13
Previous: STAR MARKETS CO INC, 8-K, 1999-07-13
Next: HOSIERY CORP OF AMERICA INC, 8-A12B, 1999-07-13



<PAGE>      PAGE  1
000 A000000 04/30/1999
000 C000000 0000933996
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 1838 INVESTMENT ADVISORS FUNDS
001 B000000 811-08902
001 C000000 6102934300
002 A000000 FIVE RADNOR CORPORATE CENTER
002 B000000 RADNOR
002 C000000 PA
002 D010000 19087
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 1838 INTERNATIONAL EQUITY FUND
007 C030100 N
007 C010200  2
007 C020200 1838 SMALL CAP EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 1838 FIXED INCOME FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
015 B00AA01 C
018  00AA00 N
019 A00AA00 N
019 B00AA00    0
020 A000001 GOLDMAN SACHS
020 B000001 13-5108880
020 C000001     14
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002     29
020 A000003 NOMURA SECURITIES
020 B000003 13-2642206
020 C000003     16
<PAGE>      PAGE  2
020 A000004 MCDONALD & CO.
020 B000004 34-0642435
020 C000004     10
020 A000005 SALOMON BROTHERS
020 B000005 13-3082694
020 C000005     12
020 A000006 RAYMOND JAMES
020 B000006 59-1237041
020 C000006      5
020 A000007 PACIFIC CREST
020 B000007 93-0625230
020 C000007      4
020 A000008 WHEAT FIRST
020 B000008 54-0796506
020 C000008      6
020 A000009 DONALDSON LUFKIN
020 B000009 13-2741729
020 C000009      4
020 A000010 ROBINSON HUMPHREY
020 B000010 58-1472560
020 C000010      4
021  000000      145
022 A000001 SALOMON BROTHERS
022 B000001 13-3082694
022 C000001    126778
022 D000001    121732
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002     60242
022 D000002     84275
022 A000003 FIRST UNION
022 B000003 56-1529080
022 C000003    326509
022 D000003      2369
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
022 C000004     45364
022 D000004     50552
022 A000005 DONALDSON LUFKIN
022 B000005 13-2741729
022 C000005     39904
022 D000005     33123
022 A000006 FIRST BOSTON
022 C000006     26193
022 D000006     24201
022 A000007 CHASE MANHATTAN
022 B000007 13-3112953
022 C000007     24554
022 D000007     22939
022 A000008 SEI INVESTMENTS
022 C000008     23600
<PAGE>      PAGE  3
022 D000008     24573
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009     29418
022 D000009     27013
022 A000010 WARBURG DILLON READ
022 B000010 13-3340045
022 C000010     23597
022 D000010     20882
023 C000000     726159
023 D000000     468282
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
035  00AA00      0
036 B00AA00      0
038  00AA00      0
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
<PAGE>      PAGE  4
045  00AA00 N
048  00AA00  0.000
048 A01AA00        0
048 A02AA00 0.000
048 B01AA00        0
048 B02AA00 0.000
048 C01AA00        0
048 C02AA00 0.000
048 D01AA00        0
048 D02AA00 0.000
048 E01AA00        0
048 E02AA00 0.000
048 F01AA00        0
048 F02AA00 0.000
048 G01AA00        0
048 G02AA00 0.000
048 H01AA00        0
048 H02AA00 0.000
048 I01AA00        0
048 I02AA00 0.000
048 J01AA00        0
048 J02AA00 0.000
048 K01AA00        0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056  00AA00 N
057  00AA00 N
061  00AA00        0
070 A01AA00 N
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 N
070 E02AA00 N
070 F01AA00 N
070 F02AA00 N
070 G01AA00 N
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 N
070 J02AA00 N
070 K01AA00 N
070 K02AA00 N
<PAGE>      PAGE  5
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 N
070 O02AA00 N
070 P01AA00 N
070 P02AA00 N
070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
078  000000 N
080 A00AA00 CHUBB GROUP
080 C00AA00      750
081 A00AA00 Y
081 B00AA00   1
082 A00AA00 Y
082 B00AA00       25
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100       389
028 A020100         0
028 A030100         0
028 A040100         0
028 B010100      1075
028 B020100      3927
028 B030100         0
028 B040100        70
028 C010100      2100
028 C020100         0
028 C030100         0
<PAGE>      PAGE  6
028 C040100        10
028 D010100      1787
028 D020100         0
028 D030100         0
028 D040100       270
028 E010100      1437
028 E020100         0
028 E030100         0
028 E040100        86
028 F010100       114
028 F020100         0
028 F030100         0
028 F040100       116
028 G010100      6902
028 G020100      3927
028 G030100         0
028 G040100       552
028 H000100         0
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 Y
069  000100 N
071 A000100     18287
071 B000100     11885
071 C000100     64134
071 D000100   19
<PAGE>      PAGE  7
072 A000100  6
072 B000100       69
072 C000100      291
072 D000100        0
072 E000100        0
072 F000100      247
072 G000100       13
072 H000100        0
072 I000100       24
072 J000100       24
072 K000100        0
072 L000100        0
072 M000100        8
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100       13
072 R000100        8
072 S000100       15
072 T000100        0
072 U000100       13
072 V000100        0
072 W000100       17
072 X000100      382
072 Y000100        0
072 Z000100      -22
072AA000100       35
072BB000100        0
072CC010100    10545
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100     4290
073 A010100   0.0000
073 A020100   0.0000
073 B000100   1.1700
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    74711
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100      476
074 K000100        0
074 L000100      183
074 M000100       32
074 N000100    75402
<PAGE>      PAGE  8
074 O000100      888
074 P000100       45
074 Q000100        0
074 R010100       49
074 R020100        0
074 R030100        0
074 R040100        0
074 S000100        0
074 T000100    74420
074 U010100     5615
074 U020100        0
074 V010100    13.25
074 V020100     0.00
074 W000100   0.0000
074 X000100      122
074 Y000100        0
075 A000100        0
075 B000100       66
076  000100     0.00
028 A010200       199
028 A020200         0
028 A030200         0
028 A040200         0
028 B010200      1672
028 B020200         0
028 B030200         0
028 B040200         8
028 C010200      2130
028 C020200         0
028 C030200         0
028 C040200       100
028 D010200      1551
028 D020200         0
028 D030200         0
028 D040200        80
028 E010200      2641
028 E020200         0
028 E030200         0
028 E040200         0
028 F010200       425
028 F020200         0
028 F030200         0
028 F040200         0
028 G010200      8618
028 G020200         0
028 G030200         0
028 G040200       188
028 H000200         0
062 A000200 N
062 B000200   0.0
062 C000200   0.0
<PAGE>      PAGE  9
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
071 A000200     22383
071 B000200     12325
071 C000200     42194
071 D000200   29
072 A000200  6
072 B000200       41
072 C000200      155
072 D000200        0
072 E000200        0
072 F000200      162
072 G000200       10
072 H000200        0
072 I000200       12
072 J000200        6
072 K000200        0
072 L000200        0
072 M000200        6
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        8
072 R000200        6
072 S000200        3
072 T000200        0
072 U000200        0
<PAGE>      PAGE  10
072 V000200        0
072 W000200        8
072 X000200      221
072 Y000200        0
072 Z000200      -25
072AA000200        0
072BB000200     3199
072CC010200     5080
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        4
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200    48434
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      505
074 K000200        0
074 L000200       24
074 M000200        0
074 N000200    48967
074 O000200        0
074 P000200       29
074 Q000200        0
074 R010200       19
074 R020200        0
074 R030200        0
074 R040200        0
074 S000200        0
074 T000200    48919
074 U010200     4569
074 U020200        0
074 V010200    10.71
074 V020200     0.00
074 W000200   0.0000
074 X000200       70
074 Y000200        0
075 A000200        0
075 B000200       44
076  000200     0.00
028 A010300       350
028 A020300       342
<PAGE>      PAGE  11
028 A030300         0
028 A040300        60
028 B010300      4077
028 B020300       287
028 B030300         0
028 B040300       460
028 C010300      3020
028 C020300       300
028 C030300         0
028 C040300       313
028 D010300      5003
028 D020300       246
028 D030300         0
028 D040300       185
028 E010300       168
028 E020300       305
028 E030300         0
028 E040300       207
028 F010300       907
028 F020300       273
028 F030300         0
028 F040300        25
028 G010300     13525
028 G020300      1753
028 G030300         0
028 G040300      1250
028 H000300         0
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   1.0
062 M000300  15.0
062 N000300  47.0
062 O000300   2.0
062 P000300  35.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300 14.0
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
<PAGE>      PAGE  12
069  000300 N
071 A000300       482
071 B000300       469
071 C000300        77
071 D000300  609
072 A000300  6
072 B000300     2315
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300      195
072 G000300       10
072 H000300        0
072 I000300       14
072 J000300        3
072 K000300        0
072 L000300        0
072 M000300        0
072 N000300        9
072 O000300        0
072 P000300        0
072 Q000300        9
072 R000300        6
072 S000300        5
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300       20
072 X000300      271
072 Y000300       15
072 Z000300     2059
072AA000300        0
072BB000300      159
072CC010300        0
072CC020300     1198
072DD010300     1914
072DD020300        0
072EE000300        0
073 A010300   0.2500
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300       11
074 B000300        0
074 C000300      623
074 D000300    82956
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300        0
<PAGE>      PAGE  13
074 J000300     7725
074 K000300        0
074 L000300     1015
074 M000300        0
074 N000300    92330
074 O000300     7758
074 P000300       19
074 Q000300        0
074 R010300       13
074 R020300        0
074 R030300        0
074 R040300        0
074 S000300        0
074 T000300    84540
074 U010300     8371
074 U020300        0
074 V010300    10.10
074 V020300     0.00
074 W000300   0.0000
074 X000300       43
074 Y000300        0
075 A000300        0
075 B000300       79
076  000300     0.00
SIGNATURE   ANNA BENCROWSKY
TITLE       VICE PRESIDENT


<TABLE> <S> <C>


<ARTICLE>                                            6

<SERIES>
<NAME>                         1838 International Equity Fund
<NUMBER>                       1

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              OCT-31-1999
<PERIOD-START>                                 NOV-01-1998
<PERIOD-END>                                   APR-30-1999
<INVESTMENTS-AT-COST>                          58,828,010
<INVESTMENTS-AT-VALUE>                         74,710,527
<RECEIVABLES>                                  658,825
<ASSETS-OTHER>                                 32,446
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 75,401,798
<PAYABLE-FOR-SECURITIES>                       888,044
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      93,416
<TOTAL-LIABILITIES>                            981,460
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       52,912,904
<SHARES-COMMON-STOCK>                          5,614,775
<SHARES-COMMON-PRIOR>                          4,789,497
<ACCUMULATED-NII-CURRENT>                      (22,124)
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        32,229
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       15,882,554
<NET-ASSETS>                                   74,420,338
<DIVIDEND-INCOME>                              291,049
<INTEREST-INCOME>                              69,416
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 382,589
<NET-INVESTMENT-INCOME>                        (22,124)
<REALIZED-GAINS-CURRENT>                       35,197
<APPREC-INCREASE-CURRENT>                      10,545,038
<NET-CHANGE-FROM-OPS>                          10,558,111
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       4,289,721
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        554,951
<NUMBER-OF-SHARES-REDEEMED>                    45,324
<SHARES-REINVESTED>                            315,651
<NET-CHANGE-IN-ASSETS>                         16,545,433
<ACCUMULATED-NII-PRIOR>                        55,124
<ACCUMULATED-GAINS-PRIOR>                      3,215,802
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          246,869
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                382,589
<AVERAGE-NET-ASSETS>                           66,472,293
<PER-SHARE-NAV-BEGIN>                          12.08
<PER-SHARE-NII>                                0
<PER-SHARE-GAIN-APPREC>                        2.05
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      .88
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            13.25
<EXPENSE-RATIO>                                110


</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<SERIES>
<NAME>                         1838 Small Cap Equity Fund
<NUMBER>                       2

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              OCT-31-1999
<PERIOD-START>                                 NOV-01-1998
<PERIOD-END>                                   APR-30-1999
<INVESTMENTS-AT-COST>                          46,244,658
<INVESTMENTS-AT-VALUE>                         48,433,937
<RECEIVABLES>                                  528,724
<ASSETS-OTHER>                                 3,936
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 48,966,597
<PAYABLE-FOR-SECURITIES>                       0
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      47,413
<TOTAL-LIABILITIES>                            47,413
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       45,990,051
<SHARES-COMMON-STOCK>                          4,568,782
<SHARES-COMMON-PRIOR>                          3,766,748
<ACCUMULATED-NII-CURRENT>                      (25,072)
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (3,803,856)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       2,189,279
<NET-ASSETS>                                   48,919,184
<DIVIDEND-INCOME>                              154,564
<INTEREST-INCOME>                              41,291
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 220,927
<NET-INVESTMENT-INCOME>                        (25,072)
<REALIZED-GAINS-CURRENT>                       (3,199,731)
<APPREC-INCREASE-CURRENT>                      5,080,732
<NET-CHANGE-FROM-OPS>                          1,855,929
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      0
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        819,579
<NUMBER-OF-SHARES-REDEEMED>                    17,545
<SHARES-REINVESTED>                            0
<NET-CHANGE-IN-ASSETS>                         10,286,284
<ACCUMULATED-NII-PRIOR>                        (48,758)
<ACCUMULATED-GAINS-PRIOR>                      (684,440)
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          161,775
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                220,927
<AVERAGE-NET-ASSETS>                           43,764,875
<PER-SHARE-NAV-BEGIN>                          10.26
<PER-SHARE-NII>                                (.01)
<PER-SHARE-GAIN-APPREC>                        .46
<PER-SHARE-DIVIDEND>                           0
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            10.71
<EXPENSE-RATIO>                                1.02


</TABLE>

<TABLE> <S> <C>


<ARTICLE>                                            6
<SERIES>
<NAME>                         1838 Fixed Income Fund
<NUMBER>                       3

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                              OCT-31-1999
<PERIOD-START>                                 NOV-01-1998
<PERIOD-END>                                   APR-30-1999
<INVESTMENTS-AT-COST>                          83,959,314
<INVESTMENTS-AT-VALUE>                         83,578,695
<RECEIVABLES>                                  8,740,624
<ASSETS-OTHER>                                 10,614
<OTHER-ITEMS-ASSETS>                           0
<TOTAL-ASSETS>                                 92,329,933
<PAYABLE-FOR-SECURITIES>                       7,758,112
<SENIOR-LONG-TERM-DEBT>                        0
<OTHER-ITEMS-LIABILITIES>                      31,703
<TOTAL-LIABILITIES>                            7,798,815
<SENIOR-EQUITY>                                0
<PAID-IN-CAPITAL-COMMON>                       76,633,630
<SHARES-COMMON-STOCK>                          8,371,499
<SHARES-COMMON-PRIOR>                          7,004,447
<ACCUMULATED-NII-CURRENT>                      145,663
<OVERDISTRIBUTION-NII>                         0
<ACCUMULATED-NET-GAINS>                        (230,055)
<OVERDISTRIBUTION-GAINS>                       0
<ACCUM-APPREC-OR-DEPREC>                       (380,619)
<NET-ASSETS>                                   84,540,118
<DIVIDEND-INCOME>                              0
<INTEREST-INCOME>                              2,315,372
<OTHER-INCOME>                                 0
<EXPENSES-NET>                                 256,189
<NET-INVESTMENT-INCOME>                        2,059,183
<REALIZED-GAINS-CURRENT>                       (158,772)
<APPREC-INCREASE-CURRENT>                      (1,198,051)
<NET-CHANGE-FROM-OPS>                          702,360
<EQUALIZATION>                                 0
<DISTRIBUTIONS-OF-INCOME>                      1,913,520
<DISTRIBUTIONS-OF-GAINS>                       0
<DISTRIBUTIONS-OTHER>                          0
<NUMBER-OF-SHARES-SOLD>                        1,317,255
<NUMBER-OF-SHARES-REDEEMED>                    122,319
<SHARES-REINVESTED>                            172,116
<NET-CHANGE-IN-ASSETS>                         12,816,824
<ACCUMULATED-NII-PRIOR>                        3,187,767
<ACCUMULATED-GAINS-PRIOR>                      (71,283)
<OVERDISTRIB-NII-PRIOR>                        0
<OVERDIST-NET-GAINS-PRIOR>                     0
<GROSS-ADVISORY-FEES>                          195,016
<INTEREST-EXPENSE>                             0
<GROSS-EXPENSE>                                271,413
<AVERAGE-NET-ASSETS>                           79,120,037
<PER-SHARE-NAV-BEGIN>                          10.24
<PER-SHARE-NII>                                .27
<PER-SHARE-GAIN-APPREC>                        (.16)
<PER-SHARE-DIVIDEND>                           .25
<PER-SHARE-DISTRIBUTIONS>                      0
<RETURNS-OF-CAPITAL>                           0
<PER-SHARE-NAV-END>                            10.10
<EXPENSE-RATIO>                                .65


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission