First Investors Total Return Fund
Data updated: 2019-12-13
C000029251 — First Investors Total Return Fund. Money Market · $805.43M AUM · 1.18% expense ratio. Holdings, fees, performance and SEC filings.
C000029251 Fund Overview
First Investors Total Return Fund is a US mutual fund managed by First Investors Equity Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: First Investors Equity Funds
- Category: Money Market
- Assets under management: $805.43M
- SEC CIK: 0000886048
- SEC series ID: S000010591
- Share class ID: C000029251
C000029251 Investment Objective and Strategy
First Investors Total Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Investors Equity Funds.
Investment objective
The Fund seeks high, long-term total investment return consistent with moderate investment risk.
Principal investment strategy
The Fund allocates its assets among stocks, bonds and money market instruments. While the percentage of assets allocated to each asset class is flexible rather than fixed, the Fund normally invests at least 50% of its net assets in stocks and at least 35% in bonds, cash and money market instruments. The percentages may change due to, among other things, market fluctuations or reallocation decisions by the Funds portfolio managers. Once the asset allocation for stocks, bonds and money market instruments has been set, Foresters Investment Management Company, Inc. (Adviser) uses fundamental research and analysis to determine which particular investments to purchase or sell. The Funds investments in stocks are normally diversified among common stocks of large-, mid- and small-size companies that offer the potential for capital growth, current income, or both.
In selecting stocks, the Adviser considers, among other things, the issuers financial strength, management, earnings growth potential and history (if any) of paying dividends. The Funds investments in bonds are primarily diversified among different types of bonds and other debt securities, including corporate bonds, U.S. Government securities and mortgage-backed and other asset-backed securities. The Adviser selects bonds by first considering the outlook for the economy and interest rates, and thereafter, a particular securitys characteristics. The Adviser may sell a security if it becomes fully valued, its fundamentals have deteriorated, alternative investments become more attractive or if it is necessary to rebalance the portfolio. To a lesser extent, the Fund also invests in high yield, below investment grade corporate bonds (commonly known as high yield or junk bonds).
The Adviser has retained Muzinich & Co, Inc. (Muzinich) as a subadviser to manage this portion of the Fund. High yield bonds include bonds that are rated below Baa3 by Moodys Investor Services, Inc. or below BBB- by Standard & Poors Rating Services as well as unrated bonds that are determined by Muzinich to be of equivalent quality. Muzinich will consider ratings assigned by ratings agencies in selecting high yield bonds, but relies principally on its own research and investment analysis. In managing its portion of the Fund, Muzinich focuses on investments it believes can generate attractive and consistent income. Muzinich may sell a bond when it shows deteriorating fundamentals or it falls short of the portfolio managers expectations. In addition, the Adviser may also invest in exchange-traded funds (ETFs) that could expose the Fund to high yield securities.
The Fund may also invest in U.S. Treasury futures and options on U.S. Treasury futures to hedge against changes in interest rates.
C000029251 Costs and Fees
C000029251 costs about $118 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.18%
- Gross expense ratio: 1.18%
- Portfolio turnover: 53%
- Brokerage commissions: 5.57 bps of average net assets (SEC N-CEN)
C000029251 Cashflows
Over the 12 months to 2019-09, First Investors Total Return Fund had net outflows of $81.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$15.13M |
| 2019-08 | −$17.08M |
| 2019-07 | −$49.00M |
C000029251 Debt Constituents
No individual debt constituents are reported in First Investors Total Return Fund's latest SEC N-PORT filing.
C000029251 Prospectus and SEC Filings
Official First Investors Total Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.