C000123969 Fees and Costs — First Investors Global Fund, Institutional Class
Data updated: 2019-12-13
The net expense ratio is 1.05%: a 0.95% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $810K in broker commissions, 0.1435% of average net assets, and portfolio turnover was 132%.
C000123969 Fees and Expenses
Annual operating expenses and sales charges of C000123969. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
C000123969 Costs Over Time
On $10,000 invested in C000123969, assuming 5% a year before costs, total costs come to $744 over 5 years, cutting the return by 1.25% 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 1.05%) | $110 | $343 | $594 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $744 |
| Value after costs | $10,375 | $11,167 | $12,019 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000123969 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): 0.1435%
- Total broker commissions: $810K
- Bought from dealers (principal trades, not a cost): $257.1M
- Portfolio turnover (prospectus): 132%
- Securities lending: none during the year
C000123969 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $65K | 15.58% |
| J.P. Morgan Securities LLC | $62K | 14.87% |
| Barclays Capital Inc | $54K | 12.85% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $47K | 11.18% |
| CLSA Americas LLC | $44K | 10.44% |
| Wolfe Research, LLC | $36K | 8.47% |
| Evercore Group LLC | $31K | 7.50% |
| Citigroup Global Markets Inc. | $31K | 7.38% |
| Bankhause Lampe KG | $26K | 6.28% |
| Numis Securities, Inc. | $23K | 5.45% |
C000123969 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $122.8M | 47.86% |
| INTL FCStone Inc. | $42.9M | 16.72% |
| The Williams Capital Group, L.P. | $27.0M | 10.51% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $20.0M | 7.78% |
| Barclays Capital Inc | $14.0M | 5.45% |
| Jefferies Group LLC | $10.5M | 4.09% |
| Wells Fargo & Company | $7.5M | 2.92% |
| Citigroup Global Markets Inc. | $5.0M | 1.95% |
| Loop Capital Markets LLC | $5.0M | 1.94% |
| TD Securities (USA) LLC | $2.0M | 0.78% |
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.