First Investors Select Growth Fund
Data updated: 2019-12-13
C000123963 — First Investors Select Growth Fund. United States Growth Equity · $657.14M AUM. Holdings, fees, performance and SEC filings.
C000123963 Fund Overview
First Investors Select Growth Fund is a US mutual fund managed by First Investors Equity Funds, categorised as United States Growth Equity. 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: United States Growth Equity
- Assets under management: $657.14M
- SEC CIK: 0000886048
- SEC series ID: S000010585
- Share class ID: C000123963
C000123963 Investment Objective and Strategy
First Investors Select Growth 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 long-term growth of capital.
Principal investment strategy
The Fund invests in a portfolio of approximately 40-45 common stocks that the Funds subadviser, Smith Asset Management Group, L.P. (Smith), believes offers the best potential for earnings growth with the lowest risk of negative earnings surprises. Smith employs quantitative and qualitative analysis to identify high quality companies that it believes have the ability to accelerate earnings growth and exceed investor expectations. Beginning with a universe of stocks that includes large-, mid- and small-size companies, Smiths investment team uses risk control and valuation screens primarily based on valuation, financial quality, stock volatility and corporate governance, to eliminate stocks that are highly volatile or are more likely to underperform the market. Stocks that pass the initial screens are then evaluated using a proprietary methodology and fundamental analysis to produce a list of 80-100 eligible companies with a high probability of earnings growth that exceeds investor expectations.
The analysis includes an evaluation of changes in Wall Street opinions, individual analysts historical accuracy, earnings quality analysis and corporate governance practices. Smith then constructs the Funds portfolio based on a traditional fundamental analysis of the companies identified on the list to understand their business prospects, earnings potential, strength of management and competitive positioning. Stocks may be sold if they exhibit negative investment or performance characteristics, including: a negative earnings forecast or report, valuation concerns, company officials downward guidance on company performance or earnings or announcement of a buyout. Additionally, from time to time, in pursuing its investment strategies, the Fund may hold significant investments in a specific market sector.
C000123963 Costs and Fees
C000123963 costs about $83 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.83%
- Gross expense ratio: 0.83%
- Portfolio turnover: 37%
- Brokerage commissions: 3.67 bps of average net assets (SEC N-CEN)
C000123963 Cashflows
Over the 12 months to 2019-09, First Investors Select Growth Fund had net outflows of $13.49M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | $6.41M |
| 2019-08 | −$5.93M |
| 2019-07 | −$13.97M |
C000123963 Debt Constituents
No individual debt constituents are reported in First Investors Select Growth Fund's latest SEC N-PORT filing.
C000123963 Prospectus and SEC Filings
Official First Investors Select Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Growth Equity 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.