C000123918 Fees and Costs — First Investors Fund for Income, Institutional Class
Data updated: 2019-12-13
The net expense ratio is 0.81%: a 0.72% management fee plus 0.09% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 67%.
C000123918 Fees and Expenses
Annual operating expenses and sales charges of C000123918. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
C000123918 Costs Over Time
On $10,000 invested in C000123918, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000123918 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
C000123918 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.