C000123964 Fees and Costs — First Investors Select Growth Fund, Institutional Class
Data updated: 2019-12-13
The net expense ratio is 0.80%: a 0.73% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $263K in broker commissions, 0.0367% of average net assets, and portfolio turnover was 37%.
C000123964 Fees and Expenses
Annual operating expenses and sales charges of C000123964. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| 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 |
C000123964 Costs Over Time
On $10,000 invested in C000123964, assuming 5% a year before costs, total costs come to $525 over 5 years, cutting the return by 0.88% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $288 | $525 |
| Value after costs | $10,412 | $11,288 | $12,238 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
C000123964 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): 0.0367%
- Total broker commissions: $263K
- Bought from dealers (principal trades, not a cost): $256.3M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000123964 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $147K | 56.06% |
| Liquidnet, Inc. | $116K | 43.94% |
C000123964 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Williams Capital Group, L.P. | $79.0M | 31.61% |
| D.A. Davidson & Co. | $69.9M | 27.99% |
| INTL FCStone Financial Inc. | $56.4M | 22.60% |
| Barclays Capital Inc | $20.5M | 8.20% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $9.0M | 3.60% |
| Citigroup Global Markets, Inc. | $8.0M | 3.20% |
| Jefferies LLC | $7.0M | 2.80% |
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.