First Investors Special Situations Fund

C000123973 Fund Overview

First Investors Special Situations Fund is a US mutual fund managed by First Investors Equity Funds, categorised as United States Real Estate. 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 Real Estate
• Assets under management: $494.03M
• SEC CIK: 0000886048
• SEC series ID: S000010592
• Share class ID: C000123973

C000123973 Investment Objective and Strategy

First Investors Special Situations 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 primarily in common stocks of small-size companies that the Funds adviser believes are undervalued, and generally invests in companies that are experiencing a special situation that makes them undervalued relative to their long-term potential. Developments creating special situations may include mergers, spin-offs, litigation resolution, new products, or management changes. The Fund may invest in stocks of mid-size or large companies. The Fund also may invest in exchange-traded funds (ETFs) to gain exposure to stocks and in real estate investment trusts (REITs). The Fund uses a bottom-up approach to selecting investments. The Fund uses fundamental research to search for companies that have one or more of the following: a strong balance sheet; experienced management; above-average earnings growth potential; and stocks that are attractively priced.

The Fund may sell a stock if it becomes fully valued, it appreciates in value to the point that it is no longer a small-size company stock, its fundamentals have deteriorated or alternative investments become more attractive.

C000123973 Costs and Fees

C000123973 costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 0.95%
• Portfolio turnover: 48%
• Brokerage commissions: 10.59 bps of average net assets (SEC N-CEN)

C000123973 Cashflows

Over the 12 months to 2019-09, First Investors Special Situations Fund had net outflows of $74.91M, from monthly SEC N-PORT filings.

C000123973 Debt Constituents

No individual debt constituents are reported in First Investors Special Situations Fund's latest SEC N-PORT filing.

C000123973 Prospectus and SEC Filings

Official First Investors Special Situations Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-02-22
• Prospectus (485BPOS) — filed 2018-02-20
• Prospectus (485BPOS) — filed 2017-02-22
• Portfolio holdings (N-PORT) — filed 2019-11-29
• Annual census (N-CEN) — filed 2019-12-13
• Annual census (N-CEN) — filed 2018-12-14

Related Funds

Other United States Real Estate funds tracked on ABC INVEST:

• Vanguard Real Estate Index Fund (VGSIX)
• Vanguard Real Estate II Index Fund (VRTPX)
• Schwab U.S. REIT ETF (SCHH)
• Cohen & Steers Real Estate Securities Fund (CSEIX)
• The Real Estate Select Sector SPDR Fund (XLRE)

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.