C000120645 Fees and Costs — First Investors Life Series Opportunity Fund, Class A
Data updated: 2019-11-29
The net expense ratio is 0.84%: a 0.75% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $59K in broker commissions, 0.0832% of average net assets, and portfolio turnover was 59%.
C000120645 Fees and Expenses
Annual operating expenses and sales charges of C000120645. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.84% |
| Fee waiver | — |
| Net expense ratio | 0.84% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000120645 Costs Over Time
On $10,000 invested in C000120645, assuming 5% a year before costs, total costs come to $578 over 5 years, cutting the return by 0.97% 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 |
| Fund expenses (net expense ratio 0.84%) | $88 | $275 | $478 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $578 |
| Value after costs | $10,403 | $11,259 | $12,184 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000120645 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): 0.0832%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $12.1M
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
C000120645 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $13K | 29.87% |
| Barclays Capital Inc | $11K | 24.82% |
| ITG, Inc. | $5K | 10.72% |
| Credit Suisse Securities (USA) LLC | $4K | 8.11% |
| JP Morgan Securities LLC | $3K | 6.97% |
| Goldman Sachs & Co. LLC | $3K | 5.59% |
| WEEDEN & CO. L.P. | $2K | 4.44% |
| Morgan Stanley & Co. LLC | $2K | 3.36% |
| RBC Capital Markets, LLC | $1K | 3.07% |
| B. Riley & Co., LLC | $1K | 3.05% |
C000120645 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $7.0M | 57.78% |
| INTL FCStone Financial Inc. | $2.7M | 22.70% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2.0M | 16.51% |
| Citigroup Global Markets Inc. | $165K | 1.36% |
| Credit Suisse Securities Limited | $102K | 0.84% |
| JP Morgan | $95K | 0.78% |
| Morgan Stanley & Co. LLC | $2K | 0.01% |
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.