C000123974 Fees and Costs — First Investors Special Situations Fund, Institutional Class
Data updated: 2019-12-13
The net expense ratio is 0.86%: a 0.78% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $647K in broker commissions, 0.1059% of average net assets, and portfolio turnover was 48%.
C000123974 Fees and Expenses
Annual operating expenses and sales charges of C000123974. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| 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 |
C000123974 Costs Over Time
On $10,000 invested in C000123974, assuming 5% a year before costs, total costs come to $605 over 5 years, cutting the return by 1.01% 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) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $332 | $605 |
| Value after costs | $10,399 | $11,244 | $12,158 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
C000123974 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): 0.1059%
- Total broker commissions: $647K
- Bought from dealers (principal trades, not a cost): $351.9M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000123974 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company LLC | $130K | 29.79% |
| Barclays Capital Inc | $51K | 11.71% |
| WEEDEN & CO. L.P. | $43K | 9.94% |
| UBS Securities LLC | $38K | 8.72% |
| Credit Suisse Securities (USA) LLC | $34K | 7.79% |
| ITG, Inc. | $33K | 7.59% |
| JP Morgan Securities LLC | $30K | 6.82% |
| BTIG LLC | $29K | 6.64% |
| Jefferies LLC | $26K | 5.88% |
| Robert W. Baird & Co. Incorporated | $22K | 5.13% |
C000123974 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| D.A. Davidson & Co. | $126.9M | 36.07% |
| INTL FCStone Financial Inc. | $78.9M | 22.43% |
| The Williams Capital Group, L.P. | $51.0M | 14.49% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $28.0M | 7.95% |
| Citigroup Global Markets Inc. | $21.0M | 5.96% |
| Barclays Capital Inc | $17.4M | 4.95% |
| Wells Fargo Securities, LLC | $12.0M | 3.41% |
| Jefferies LLC | $10.0M | 2.84% |
| TD Securities (USA) LLC | $6.0M | 1.70% |
| JP Morgan Securities LLC | $712K | 0.20% |
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.