DEVCAP TRUST
NSAR-B, EX-27, 2000-09-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000948119
<NAME> DEVCAP TRUST
<SERIES>
   <NUMBER> 1
   <NAME> DEVCAP SHARED RETURN FUND

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                       12,319,579
<INVESTMENTS-AT-VALUE>                      16,815,537
<RECEIVABLES>                                   86,965
<ASSETS-OTHER>                                  25,928
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              16,928,430
<PAYABLE-FOR-SECURITIES>                       154,048
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       49,404
<TOTAL-LIABILITIES>                            203,452
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    10,807,798
<SHARES-COMMON-STOCK>                          648,989
<SHARES-COMMON-PRIOR>                          640,828
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,421,222
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,495,958
<NET-ASSETS>                                16,724,978
<DIVIDEND-INCOME>                              158,561
<INTEREST-INCOME>                                5,090
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (316,546)
<NET-INVESTMENT-INCOME>                      (152,895)
<REALIZED-GAINS-CURRENT>                     1,306,319
<APPREC-INCREASE-CURRENT>                      416,528
<NET-CHANGE-FROM-OPS>                        1,569,952
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                      (62,094)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         45,237
<NUMBER-OF-SHARES-REDEEMED>                     39,371
<SHARES-REINVESTED>                              2,295
<NET-CHANGE-IN-ASSETS>                       1,678,646
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      120,603
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           36,472
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                457,461
<AVERAGE-NET-ASSETS>                        16,295,529
<PER-SHARE-NAV-BEGIN>                            23.48
<PER-SHARE-NII>                                  (.24)
<PER-SHARE-GAIN-APPREC>                           2.63
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .10
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.77
<EXPENSE-RATIO>                                   1.95


</TABLE>


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