C000123975 Fees and Costs — First Investors International Fund, Advisor Class
Data updated: 2019-12-13
The net expense ratio is 1.18%: a 0.97% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $570K in broker commissions, 0.1395% of average net assets, and portfolio turnover was 36%.
C000123975 Fees and Expenses
Annual operating expenses and sales charges of C000123975. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.97% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| 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 |
C000123975 Costs Over Time
On $10,000 invested in C000123975, assuming 5% a year before costs, total costs come to $820 over 5 years, cutting the return by 1.39% 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 1.18%) | $124 | $385 | $666 |
| Trading costs (broker commissions) | $15 | $46 | $79 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $139 | $452 | $820 |
| Value after costs | $10,361 | $11,124 | $11,943 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
C000123975 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): 0.1395%
- Total broker commissions: $570K
- Bought from dealers (principal trades, not a cost): $238.7M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
C000123975 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies Group LLC | $70K | 18.99% |
| Liquidnet, Inc. | $46K | 12.40% |
| Barclays Capital Inc | $45K | 12.21% |
| Goldman Sachs & Co. LLC | $42K | 11.27% |
| Macquarie Group Limited | $34K | 9.34% |
| HSBC Securities (USA) Inc. | $31K | 8.42% |
| Sanford C. Bernstein & Co., LLC | $30K | 8.26% |
| UBS Securities LLC | $27K | 7.23% |
| Kepler Capital Markets, Inc. | $24K | 6.62% |
| JP Morgan Securities LLC | $19K | 5.26% |
C000123975 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTL FCStone Financial Inc. | $80.4M | 33.68% |
| D.A. Davidson & Co. | $59.9M | 25.10% |
| The Williams Capital Group, L.P. | $42.5M | 17.79% |
| Barclays Capital Inc | $18.5M | 7.74% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $12.0M | 5.02% |
| Citigroup Global Markets Inc. | $8.0M | 3.35% |
| Jefferies Group LLC | $7.0M | 2.93% |
| Wells Fargo Securities. LLC | $5.5M | 2.30% |
| Loop Capital Markets LLC | $5.0M | 2.09% |
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.