C000123965 Fees and Costs — First Investors Equity Income Fund, Advisor Class
Data updated: 2019-12-13
The net expense ratio is 0.86%: a 0.73% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $434K in broker commissions, 0.0792% of average net assets, and portfolio turnover was 35%.
C000123965 Fees and Expenses
Annual operating expenses and sales charges of C000123965. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 | No |
| Waived fees subject to recoupment | No |
C000123965 Costs Over Time
On $10,000 invested in C000123965, assuming 5% a year before costs, total costs come to $588 over 5 years, cutting the return by 0.99% 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 0.86%) | $90 | $282 | $489 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $588 |
| Value after costs | $10,401 | $11,253 | $12,175 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000123965 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): 0.0792%
- Total broker commissions: $434K
- Bought from dealers (principal trades, not a cost): $573.9M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
C000123965 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $111K | 35.88% |
| Barclays Capital Inc | $46K | 14.70% |
| JP Morgan Securities LLC | $26K | 8.32% |
| Goldman Sachs & Co. LLC | $24K | 7.73% |
| Sanford C. Bernstein & Co., LLC | $23K | 7.27% |
| Credit Suisse Securities (USA) LLC | $20K | 6.51% |
| Raymond James & Associates | $18K | 5.96% |
| Morgan Stanley & Co. LLC | $16K | 5.21% |
| RBC Capital Markets LLC | $13K | 4.25% |
| Wolfe Research, LLC | $13K | 4.18% |
C000123965 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $195.8M | 34.67% |
| INTL FCStone Financial Inc. | $121.9M | 21.58% |
| The Williams Capital Group, L.P. | $92.9M | 16.46% |
| Barclays Capital Inc | $52.9M | 9.38% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $49.9M | 8.84% |
| Wells Fargo Securities, LLC | $18.5M | 3.27% |
| Jefferies Group LLC | $12.0M | 2.12% |
| TD Securities (USA) LLC | $10.0M | 1.77% |
| JPMorgan Chase & Co. | $5.8M | 1.03% |
| Citigroup Global Markets Inc. | $5.0M | 0.88% |
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.