C000029237 Fees and Costs — First Investors Opportunity Fund, Class A
Data updated: 2019-12-13
The net expense ratio is 1.21%: a 0.70% management fee, a 0.30% 12b-1 fee plus 0.21% other expenses. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $656K in broker commissions, 0.0628% of average net assets, and portfolio turnover was 35%.
C000029237 Fees and Expenses
Annual operating expenses and sales charges of C000029237. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000029237 Costs Over Time
On $10,000 invested in C000029237, assuming 5% a year before costs, total costs come to $1,480 over 5 years, cutting the return by 2.56% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.21%) | $120 | $373 | $644 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $29 | $110 | $227 |
| Total costs | $827 | $1,077 | $1,480 |
| Value after costs | $9,673 | $10,499 | $11,283 |
| Impact on return, per year | 8.27% | 3.36% | 2.56% |
C000029237 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): 0.0628%
- Total broker commissions: $656K
- Bought from dealers (principal trades, not a cost): $555.0M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
C000029237 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $165K | 36.45% |
| Barclays Capital Inc | $74K | 16.45% |
| Credit Suisse Securities (USA) LLC | $43K | 9.48% |
| JP Morgan Securities LLC | $35K | 7.76% |
| ITG, Inc. | $31K | 6.78% |
| UBS Securities LLC | $27K | 5.92% |
| Sanford C. Bernstein & Co., LLC | $21K | 4.54% |
| Jefferies LLC | $20K | 4.39% |
| Goldman Sachs & Co. LLC | $19K | 4.28% |
| B. Riley & Co., LLC | $18K | 3.97% |
C000029237 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $219.8M | 39.61% |
| INTL FCStone Financial Inc. | $120.4M | 21.69% |
| The Williams Capital Group, L.P. | $61.0M | 10.98% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $53.9M | 9.72% |
| Wells Fargo Securities, LLC | $36.0M | 6.48% |
| TD Securities (USA) LLC | $22.0M | 3.96% |
| Citigroup Global Markets Inc. | $16.0M | 2.88% |
| Barclays Capital Inc | $15.0M | 2.70% |
| Jefferies Group LLC | $11.0M | 1.98% |
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.