C000029226 Fees and Costs — First Investors Fund for Income, Class A
Data updated: 2019-12-13
The net expense ratio is 1.24%: a 0.72% management fee, a 0.30% 12b-1 fee plus 0.22% other expenses. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 67%.
C000029226 Fees and Expenses
Annual operating expenses and sales charges of C000029226. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000029226 Costs Over Time
On $10,000 invested in C000029226, assuming 5% a year before costs, total costs come to $1,252 over 5 years, cutting the return by 2.15% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $500 | $400 | $400 |
| Fund expenses (net expense ratio 1.24%) | $125 | $389 | $673 |
| Lost growth on money paid in costs | $20 | $82 | $179 |
| Total costs | $645 | $871 | $1,252 |
| Value after costs | $9,855 | $10,705 | $11,511 |
| Impact on return, per year | 6.45% | 2.70% | 2.15% |
C000029226 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $860.9M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
C000029226 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $140.1M | 18.42% |
| J.P. Morgan Securities LLC | $130.6M | 17.18% |
| Merrill Lynch Capital Services, Inc. | $96.6M | 12.71% |
| Goldman Sachs Bank USA | $95.4M | 12.55% |
| Citigroup Global Markets Finance LLC | $76.7M | 10.08% |
| Barclays Capital Inc. | $73.6M | 9.68% |
| Credit Suisse Securities (USA) LLC | $52.6M | 6.92% |
| Deutsche Bank Securities Inc. | $38.3M | 5.04% |
| Jefferies LLC | $33.1M | 4.35% |
| SunTrust Robinson Humphrey Inc. | $23.2M | 3.06% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.