C000031616 Fees and Costs — First Investors Tax Exempt Oregon Fund, Class A
Data updated: 2019-11-27
The net expense ratio is 0.91%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.16% 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%. In fiscal 2018 the fund paid $1K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 49%.
C000031616 Fees and Expenses
Annual operating expenses and sales charges of C000031616. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
C000031616 Costs Over Time
On $10,000 invested in C000031616, assuming 5% a year before costs, total costs come to $1,059 over 5 years, cutting the return by 1.80% 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 0.91%) | $92 | $286 | $497 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $20 | $77 | $161 |
| Total costs | $612 | $764 | $1,059 |
| Value after costs | $9,888 | $10,812 | $11,704 |
| Impact on return, per year | 6.12% | 2.36% | 1.80% |
C000031616 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0022%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $48.1M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
C000031616 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $1K | 100.00% |
C000031616 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray, Inc. | $6.9M | 18.23% |
| Morgan Stanley | $6.6M | 17.48% |
| Citigroup Global Markets | $4.5M | 11.79% |
| Mesirow Financial, Inc. | $3.7M | 9.82% |
| Ramirez (Samuel A.) & Co., | $3.4M | 8.88% |
| Barclays Capital Inc. | $3.3M | 8.58% |
| D A Davidson & Co. | $2.7M | 7.02% |
| JP Morgan Securities LLC | $2.3M | 6.14% |
| Raymond James/M. Keegan | $2.3M | 6.08% |
| Wedbush Morgan Securities | $2.3M | 6.00% |
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.