-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U6infrFBLdD90e1lK6JAtsu0VTQI0ldssTWdnvsIpUVOLBzwYko46UtpIXuk/beg QCzNj8Ijcr8XfXNtrmcECw== 0000950147-97-000599.txt : 19970912 0000950147-97-000599.hdr.sgml : 19970912 ACCESSION NUMBER: 0000950147-97-000599 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 19970630 FILED AS OF DATE: 19970829 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PILGRIM AMERICA INVESTMENT FUNDS INC CENTRAL INDEX KEY: 0000061448 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 221891924 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-01939 FILM NUMBER: 97673310 BUSINESS ADDRESS: STREET 1: TWO RENAISSANCE SQUARE 40 N CENTRAL STREET 2: STE 1200 CITY: PHOENIX STATE: AZ ZIP: 85004-4424 BUSINESS PHONE: 6024178100 MAIL ADDRESS: STREET 1: TWO RENAISSANCE SQ STREET 2: 40 N CENTRAL STE 1200 CITY: PHOENIX STATE: AZ ZIP: 85004-4424 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM INVESTMENT FUNDS INC DATE OF NAME CHANGE: 19950503 FORMER COMPANY: FORMER CONFORMED NAME: PILGRIM MAGNACAP FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MAGNACAP FUND INC DATE OF NAME CHANGE: 19850701 NSAR-B 1 N-SAR (3.0)

PILGRIM AMERICA INVESTMENT FUNDS, INC. [FILE-NUMBER] 811-1939

PAGE 1 000 B000000 06/30/97 000 C000000 0000061448 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0 000 J000000 A 001 A000000 PILGRIM AMERICA INVESTMENT FUNDS, INC. 001 B000000 811-1939 001 C000000 6024178100 002 A000000 40N.CENT.AVE.,STE1200 2 RENAISSANCE SQ. 002 B000000 PHOENIX 002 C000000 AZ 002 D010000 85004 002 D020000 4424 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C010100 1 007 C020100 MAGNACAP FUND 007 C030100 N 007 C010200 2 007 C020200 HIGH YIELD FUND 007 C030200 N 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A00AA01 PILGRIM AMERICA INVESTMENTS, INC. 008 B00AA01 A 008 C00AA01 801-48282 008 D01AA01 PHOENIX 008 D02AA01 AZ 008 D03AA01 85004 008 D04AA01 4424 010 A00AA01 PILGRIM AMERICA GROUP, INC. 010 C01AA01 PHOENIX 010 C02AA01 AZ 010 C03AA01 85004 010 C04AA01 4424 011 A00AA01 PILGRIM AMERICA SECURITIES, INC. 011 B00AA01 8-48020 PAGE 2 011 C01AA01 PHOENIX 011 C02AA01 AZ 011 C03AA01 85004 011 C04AA01 4424 012 A00AA01 INVESTORS FIDUCIARY TRUST COMPANY 012 B00AA01 85-00535 012 C01AA01 KANSAS CITY 012 C02AA01 MO 012 C03AA01 64105 013 A00AA01 KPMG PEAT MARWICK LLP 013 B01AA01 LOS ANGELES 013 B02AA01 CA 013 B03AA01 90017 015 A00AA01 INVESTORS FIDUCIARY TRUST CO. 015 B00AA01 C 015 C01AA01 KANSAS CITY 015 C02AA01 MO 015 C03AA01 64105 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 8 019 C00AA00 PILGRIMAME 020 A000001 AUTRANET 020 B000001 13-2961507 020 C000001 389 020 A000002 INTERSTATE SECURITIES 020 B000002 56-0276690 020 C000002 139 020 A000003 SALOMON BROTHERS 020 B000003 13-3082694 020 C000003 16 020 A000004 DEAN WITTER REYNOLDS 020 C000004 10 020 A000005 MERRILL LYNCH 020 B000005 13-5674085 020 C000005 9 020 A000006 COWEN & CO. 020 B000006 13-5616116 020 C000006 8 020 A000007 MORGAN STANLEY 020 B000007 13-2655998 020 C000007 8 020 A000008 LIPPER ANALYTICAL 020 B000008 13-2792478 020 C000008 4 020 A000009 SMITH BARNEY 020 B000009 13-1912900 020 C000009 4 020 A000010 A.G. EDWARDS 020 B000010 43-0895447 PAGE 3 020 C000010 3 021 000000 600 022 A000001 MERRILL LYNCH 022 B000001 13-5674085 022 C000001 3665922 022 D000001 25849 022 A000002 GENERAL ELECTRIC CAPITAL 022 C000002 157993 022 D000002 0 022 A000003 LEHMAN BROTHERS 022 B000003 13-2518466 022 C000003 102797 022 D000003 4149 022 A000004 DONALDSON LUFKIN JENRETTE 022 B000004 13-2741729 022 C000004 44290 022 D000004 34772 022 A000005 JP MORGAN 022 B000005 13-3224016 022 C000005 19750 022 D000005 17352 022 A000006 ALEX BROWN & SONS 022 C000006 5771 022 D000006 21982 022 A000007 FIRST BOSTON 022 B000007 13-5659485 022 C000007 13992 022 D000007 7918 022 A000008 SMITH BARNEY 022 B000008 13-1912900 022 C000008 13922 022 D000008 7668 022 A000009 FIRST CHICAGO 022 B000009 36-3595942 022 C000009 11227 022 D000009 8922 022 A000010 GOLDMAN SACHS 022 B000010 13-5108880 022 C000010 13395 022 D000010 5262 023 C000000 4117848 023 D000000 177841 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 PAGE 4 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 077 A000000 Y 077 B000000 Y 077 Q010000 Y 078 000000 N 080 A00AA00 RELIANCE INSURANCE COMPANY 080 C00AA00 5000 081 A00AA00 Y 081 B00AA00 5 082 A00AA00 N 082 B00AA00 0 083 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 22647 028 A020100 58446 028 A030100 0 028 A040100 7825 028 B010100 9212 028 B020100 0 028 B030100 0 028 B040100 9312 028 C010100 11142 028 C020100 0 028 C030100 0 028 C040100 10404 028 D010100 17460 PAGE 5 028 D020100 0 028 D030100 0 028 D040100 12688 028 E010100 16031 028 E020100 -6 028 E030100 0 028 E040100 14932 028 F010100 17975 028 F020100 0 028 F030100 0 028 F040100 13988 028 G010100 94467 028 G020100 58440 028 G030100 0 028 G040100 69149 028 H000100 78801 029 000100 Y 030 A000100 557 030 B000100 5.75 030 C000100 0.00 031 A000100 93 031 B000100 0 032 000100 464 033 000100 0 034 000100 Y 035 000100 28 036 A000100 Y 036 B000100 0 037 000100 N 038 000100 0 039 000100 N 040 000100 Y 041 000100 Y 042 A000100 0 042 B000100 0 042 C000100 0 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 100 043 000100 1008 044 000100 0 045 000100 Y 046 000100 N 047 000100 Y 048 000100 0.000 048 A010100 30000 048 A020100 1.000 048 B010100 220000 048 B020100 0.750 PAGE 6 048 C010100 250000 048 C020100 0.625 048 D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 048 J010100 0 048 J020100 0.000 048 K010100 500000 048 K020100 0.500 049 000100 N 050 000100 N 051 000100 N 052 000100 N 053 A000100 N 054 A000100 Y 054 B000100 N 054 C000100 N 054 D000100 N 054 E000100 N 054 F000100 N 054 G000100 Y 054 H000100 Y 054 I000100 N 054 J000100 Y 054 K000100 N 054 L000100 N 054 M000100 Y 054 N000100 N 054 O000100 N 055 A000100 N 055 B000100 N 056 000100 N 057 000100 N 058 A000100 N 059 000100 Y 060 A000100 Y 060 B000100 Y 061 000100 1000 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 PAGE 7 062 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 0.0 063 A000100 0 063 B000100 0.0 066 A000100 Y 066 E000100 Y 067 000100 N 068 A000100 N 068 B000100 N 069 000100 N 070 A010100 Y 070 A020100 Y 070 B010100 Y 070 B020100 N 070 C010100 Y 070 C020100 N 070 D010100 Y 070 D020100 N 070 E010100 N 070 E020100 N 070 F010100 N 070 F020100 N 070 G010100 N 070 G020100 N 070 H010100 N 070 H020100 N 070 I010100 N 070 I020100 N 070 J010100 N 070 J020100 N 070 K010100 N 070 K020100 N 070 L010100 N 070 L020100 N 070 M010100 N 070 M020100 N 070 N010100 N 070 N020100 N 070 O010100 Y PAGE 8 070 O020100 N 070 P010100 Y 070 P020100 N 070 Q010100 N 070 Q020100 N 070 R010100 N 070 R020100 N 071 A000100 208331 071 B000100 207377 071 C000100 270071 071 D000100 77 072 A000100 12 072 B000100 686 072 C000100 5281 072 D000100 0 072 E000100 0 072 F000100 2158 072 G000100 0 072 H000100 0 072 I000100 681 072 J000100 153 072 K000100 73 072 L000100 31 072 M000100 17 072 N000100 63 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 32 072 S000100 46 072 T000100 1008 072 U000100 0 072 V000100 0 072 W000100 37 072 X000100 4299 072 Y000100 0 072 Z000100 1668 072AA000100 74331 072BB000100 0 072CC010100 1078 072CC020100 0 072DD010100 1649 072DD020100 4 072EE000100 73278 073 A010100 0.1182 073 A020100 0.0303 073 B000100 4.9120 073 C000100 0.0000 074 A000100 10 074 B000100 0 074 C000100 12540 PAGE 9 074 D000100 0 074 E000100 0 074 F000100 319877 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 1167 074 K000100 0 074 L000100 1718 074 M000100 34 074 N000100 335346 074 O000100 404 074 P000100 9 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 403 074 S000100 0 074 T000100 334530 074 U010100 18239 074 U020100 2367 074 V010100 15.92 074 V020100 15.81 074 W000100 0.0000 074 X000100 27176 074 Y000100 0 075 A000100 0 075 B000100 283239 076 000100 0.00 028 A010200 5961 028 A020200 156 028 A030200 0 028 A040200 1280 028 B010200 12005 028 B020200 175 028 B030200 0 028 B040200 824 028 C010200 8030 028 C020200 213 028 C030200 0 028 C040200 4280 028 D010200 6800 028 D020200 217 028 D030200 0 028 D040200 3234 028 E010200 9025 028 E020200 237 028 E030200 0 028 E040200 5175 028 F010200 13263 PAGE 10 028 F020200 257 028 F030200 0 028 F040200 3532 028 G010200 55084 028 G020200 1255 028 G030200 0 028 G040200 18325 028 H000200 30419 029 000200 Y 030 A000200 601 030 B000200 4.75 030 C000200 0.00 031 A000200 100 031 B000200 0 032 000200 501 033 000200 0 034 000200 Y 035 000200 42 036 A000200 Y 036 B000200 0 037 000200 N 038 000200 0 039 000200 N 040 000200 Y 041 000200 Y 042 A000200 0 042 B000200 0 042 C000200 0 042 D000200 0 042 E000200 0 042 F000200 0 042 G000200 0 042 H000200 100 043 000200 268 044 000200 0 045 000200 Y 046 000200 N 047 000200 Y 048 000200 0.000 048 A010200 25000 048 A020200 0.750 048 B010200 75000 048 B020200 0.625 048 C010200 400000 048 C020200 0.500 048 D010200 0 048 D020200 0.000 048 E010200 0 048 E020200 0.000 048 F010200 0 048 F020200 0.000 PAGE 11 048 G010200 0 048 G020200 0.000 048 H010200 0 048 H020200 0.000 048 I010200 0 048 I020200 0.000 048 J010200 0 048 J020200 0.000 048 K010200 500000 048 K020200 0.400 049 000200 N 050 000200 N 051 000200 N 052 000200 N 053 A000200 Y 053 B000200 Y 053 C000200 N 054 A000200 Y 054 B000200 N 054 C000200 N 054 D000200 N 054 E000200 N 054 F000200 N 054 G000200 Y 054 H000200 Y 054 I000200 N 054 J000200 Y 054 K000200 N 054 L000200 N 054 M000200 Y 054 N000200 N 054 O000200 N 055 A000200 Y 055 B000200 N 056 000200 N 057 000200 N 058 A000200 N 059 000200 Y 060 A000200 Y 060 B000200 Y 061 000200 1000 062 A000200 Y 062 B000200 0.0 062 C000200 0.0 062 D000200 3.3 062 E000200 0.0 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 4.9 062 J000200 0.0 PAGE 12 062 K000200 0.0 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 0.0 062 P000200 92.2 062 Q000200 0.0 062 R000200 0.0 063 A000200 0 063 B000200 7.4 064 A000200 N 064 B000200 N 066 A000200 N 067 000200 N 068 A000200 N 068 B000200 N 069 000200 N 070 A010200 Y 070 A020200 Y 070 B010200 Y 070 B020200 N 070 C010200 N 070 C020200 N 070 D010200 N 070 D020200 N 070 E010200 N 070 E020200 N 070 F010200 N 070 F020200 N 070 G010200 N 070 G020200 N 070 H010200 N 070 H020200 N 070 I010200 N 070 I020200 N 070 J010200 Y 070 J020200 Y 070 K010200 N 070 K020200 N 070 L010200 Y 070 L020200 Y 070 M010200 N 070 M020200 N 070 N010200 Y 070 N020200 N 070 O010200 Y 070 O020200 N 070 P010200 N 070 P020200 N 070 Q010200 N 070 Q020200 N PAGE 13 070 R010200 N 070 R020200 N 071 A000200 230804 071 B000200 176029 071 C000200 44637 071 D000200 394 072 A000200 12 072 B000200 5027 072 C000200 0 072 D000200 0 072 E000200 0 072 F000200 332 072 G000200 0 072 H000200 0 072 I000200 105 072 J000200 30 072 K000200 15 072 L000200 6 072 M000200 3 072 N000200 44 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 6 072 S000200 18 072 T000200 268 072 U000200 0 072 V000200 0 072 W000200 5 072 X000200 832 072 Y000200 220 072 Z000200 4415 072AA000200 1038 072BB000200 0 072CC010200 1456 072CC020200 0 072DD010200 2371 072DD020200 1291 072EE000200 0 073 A010200 0.6000 073 A020200 0.5563 073 B000200 0.0000 073 C000200 0.0000 074 A000200 776 074 B000200 2800 074 C000200 4165 074 D000200 78409 074 E000200 0 074 F000200 0 074 G000200 0 074 H000200 0 PAGE 14 074 I000200 0 074 J000200 1729 074 K000200 50 074 L000200 3796 074 M000200 14 074 N000200 91739 074 O000200 6649 074 P000200 2 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 74 074 S000200 0 074 T000200 85014 074 U010200 5288 074 U020200 5931 074 V010200 6.80 074 V020200 6.78 074 W000200 0.0000 074 X000200 5358 074 Y000200 0 075 A000200 0 075 B000200 48125 076 000200 0.00 SIGNATURE JAMES REIS TITLE EXEC. VICE PRESIDENT EX-27.1 2 FDS --
6 0000061448 Pilgrim America Investment Funds, Inc. 011 Pilgrim America MagnaCap Fund-Class A 1,000 U.S. DOLLARS 12-MOS JUN-30-1997 JUL-01-1996 JUN-30-1997 1 221,755 332,417 2,885 10 34 335,346 404 0 412 816 0 200,147 18,239 14,107 1,291 0 22,431 0 110,661 290,355 5,281 687 0 4,300 1,668 74,331 1,078 77,077 0 1,649 67,754 0 7,162 7,009 3,978 84,521 1,276 21,378 0 0 2,158 0 4,302 259,426 16.69 0.10 4.16 0.12 4.91 0.00 15.92 1.46 0 0

EX-27.2 3 FDS --
6 0000061448 Pilgrim America Investment Funds, Inc. 012 Pilgrim America MagnaCap Fund-Class B 1,000 U.S. DOLLARS 12-MOS JUN-30-1997 JUL-01-1996 JUN-30-1997 1 221,755 332,417 2,885 10 34 335,346 404 0 412 816 0 200,147 2,367 634 1,291 0 22,431 0 110,661 37,428 5,281 687 0 4,300 1,668 74,331 1,078 77,077 0 0 4,722 0 1,626 225 333 84,521 1,276 21,378 0 0 2,158 0 4,302 20,301 16.59 10.00 4.13 0.00 4.91 0.00 15.81 2.16 0 0

EX-27.3 4 FDS --
6 0000061448 Pilgrim America Investment Funds, Inc. 013 Pilgrim America MagnaCap Fund-Class M 1,000 U.S. DOLLARS 12-MOS JUN-30-1997 JUL-01-1996 JUN-30-1997 1 221,755 332,417 2,885 10 34 335,346 404 0 412 816 0 200,147 425 118 1,291 0 22,431 0 110,661 6,748 5,281 687 0 4,300 1,668 74,331 1,078 77,077 0 4 802 0 309 60 58 84,521 1,276 21,378 0 0 2,158 0 4,302 3,512 16.63 0.02 4.16 0.03 4.91 0.00 15.87 1.91 0 0

EX-27.4 5 FDS --
6 0000061448 Pilgrim America Investment Funds, Inc. 021 Pilgrim America High Yield Fund-Class A 1,000 U.S. DOLLARS 12-MOS JUN-30-1997 JUL-01-1996 JUN-30-1997 1 83,583 85,374 5,575 776 14 91,739 6,649 0 76 6,725 0 92,996 5,288 2,938 554 0 0 10,328 1,792 35,940 0 5,027 0 612 4,415 1,038 1,456 6,909 0 2,371 0 0 4,404 2,233 179 62,706 155 0 0 11,366 332 0 843 26,933 6.36 0.61 0.43 0.60 0.00 0.00 6.80 1.00 0 0

EX-27.5 6 FDS --
6 0000061448 Pilgrim America Investment Funds, Inc. 022 Pilgrim America High Yield Fund-Class B 1,000 U.S. DOLLARS 12-MOS JUN-30-1997 JUL-01-1996 JUN-30-1997 1 83,583 85,374 5,575 776 14 91,739 6,649 0 76 6,725 0 92,996 5,931 373 554 0 0 10,328 1,792 40,225 0 5,027 0 612 4,415 1,038 1,456 6,909 0 1,291 0 0 6,227 746 76 62,706 155 0 0 11,366 332 0 843 16,771 6.36 0.57 0.41 0.46 0.00 0.00 6.78 1.75 0 0

EX-27.6 7 FDS --
6 0000061448 Pilgrim America Investment Funds, Inc. 023 Pilgrim America High Yield Fund-Class M 1,000 U.S. DOLLARS 12-MOS JUN-30-1997 JUL-01-1996 JUN-30-1997 1 83,583 85,374 5,575 776 14 91,739 6,649 0 76 6,725 0 92,996 1,304 196 554 0 0 10,328 1,792 8,848 0 5,027 0 612 4,415 1,038 1,456 6,909 0 354 0 0 1,214 135 29 62,706 155 0 0 11,366 332 0 843 4,421 6.36 0.58 0.41 0.57 0.00 0.00 6.78 1.50 0 0

EX-99 8 INTERNAL CONTROL LETTER The Board of Directors Pilgrim America Investment Funds, Inc.: In planning and performing our audit of the financial statements of Pilgrim America MagnaCap Fund and Pilgrim America High Yield Fund (the two Funds comprising Pilgrim America Investment Funds, Inc.), as of and for the year ended June 30, 1997, we considered the Funds' internal control structure, including procedures for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control structure. The management of Pilgrim America MagnaCap Fund and Pilgrim America High Yield Fund are responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. Two of the objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition and that transactions are executed in accordance with management's authorization and recorded properly to permit preparation of financial statements in conformity with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may occur and not be detected. Also, projection of any evaluation of the structure to future periods is subject to the risks that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of the internal control structure would not necessarily disclose all matters in the internal control structure that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving the internal control structure, including procedures for safeguarding securities, that we consider to be material weaknesses as defined above as of June 30, 1997. This report is intended solely for the information and use of management and the Securities and Exchange Commission. /s/ KPMG Peat Marwick LLP August 1, 1997 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~