C000123919 Fees and Costs — First Investors Investment Grade Fund, Advisor Class
Data updated: 2019-12-13
The net expense ratio is 0.76%: a 0.66% management fee plus 0.17% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 58%.
C000123919 Fees and Expenses
Annual operating expenses and sales charges of C000123919. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.76% |
| 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 |
C000123919 Costs Over Time
On $10,000 invested in C000123919, assuming 5% a year before costs, total costs come to $478 over 5 years, cutting the return by 0.80% 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 |
| Fund expenses (net expense ratio 0.76%) | $80 | $250 | $434 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $478 |
| Value after costs | $10,420 | $11,314 | $12,285 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
C000123919 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): $872.8M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
C000123919 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $112.1M | 17.98% |
| Morgan Stanley & Co. LLC | $93.0M | 14.92% |
| Goldman Sachs & Co. LLC. LLC | $79.3M | 12.72% |
| Barclays Capital Inc | $71.7M | 11.51% |
| Citigroup Global Markets Inc. | $70.8M | 11.36% |
| JP Morgan Securities LLC | $53.1M | 8.52% |
| SunTrust Robinson Humphrey Inc. | $50.5M | 8.11% |
| U.S. Bancorp Investments, Inc. | $32.4M | 5.20% |
| Wells Fargo Securities, LLC | $30.9M | 4.95% |
| Fifth Third Securities, Inc. | $29.5M | 4.73% |
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.