First Investors Equity Income Fund
Data updated: 2019-12-13
C000123965 — First Investors Equity Income Fund. United States Value Equity · $473.16M AUM · 0.86% expense ratio. Holdings, fees, performance and SEC filings.
C000123965 Fund Overview
First Investors Equity Income Fund is a US mutual fund managed by First Investors Equity Funds, categorised as United States Value 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 Value Equity
- Assets under management: $473.16M
- SEC CIK: 0000886048
- SEC series ID: S000010586
- Share class ID: C000123965
C000123965 Investment Objective and Strategy
First Investors Equity Income 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 total return.
Principal investment strategy
The Fund invests, under normal circumstances, primarily in dividend-paying stocks of companies that the Fund believes are undervalued in the market relative to their long term potential. Under normal circumstances, the Fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equities. For purposes of this 80% policy, equities may include common stock, preferred stock, equity-based exchange-traded funds (ETFs) and instruments that are convertible into common stock, or other instruments that represent an equity position in an issuer. The Fund normally will diversify its assets among dividend-paying stocks of large-, mid- and small-size companies. The Fund may also invest in stocks of companies of any size that do not pay dividends, but have the potential of paying dividends in the future if they appear to be undervalued.
The Fund may write (sell) covered call options on the securities it holds to generate income. A call option gives the purchaser of the option the right to buy, and the writer, in this case, the Fund, the obligation to sell, the underlying security at the exercise price at any time prior to the expiration of the contract, regardless of the market price of the underlying security during the option period. The Fund generally uses a bottom-up approach in attempting to identify stocks that are undervalued. This means that the Fund generally identifies potential investments through fundamental research and analysis which includes, among other things, analyzing a companys balance sheet, cash flow statements and competition within a companys industry. The Fund also assesses a companys corporate strategy and whether the company is operating in the interests of shareholders, as well as analyzing economic trends, interest rates, and industry diversification.
The Fund may sell a security if it becomes fully valued, its fundamentals have deteriorated or alternative investment opportunities become more attractive.
C000123965 Costs and Fees
C000123965 costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.86%
- Portfolio turnover: 35%
- Brokerage commissions: 7.92 bps of average net assets (SEC N-CEN)
C000123965 Cashflows
Over the 12 months to 2019-09, First Investors Equity Income Fund had net outflows of $35.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$10.09M |
| 2019-08 | −$12.88M |
| 2019-07 | −$12.23M |
C000123965 Debt Constituents
No individual debt constituents are reported in First Investors Equity Income Fund's latest SEC N-PORT filing.
C000123965 Prospectus and SEC Filings
Official First Investors Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Value 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.