First Investors International Fund

C000123976 Fund Overview

First Investors International Fund is a US mutual fund managed by First Investors Equity Funds, categorised as Developed ex-US Blend / Core Equity. 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: Developed ex-US Blend / Core Equity
• Assets under management: $451.59M
• SEC CIK: 0000886048
• SEC series ID: S000012416
• Share class ID: C000123976

C000123976 Investment Objective and Strategy

First Investors International 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 primarily seeks long-term capital growth.

Principal investment strategy

The Fund primarily invests in a portfolio of common stocks and other equity securities of companies that are located outside of the United States. To a limited degree, the Fund may also invest in companies based in the United States. The Fund primarily relies on the country where the issuer is incorporated, is headquartered or has its principal place of business in determining the location of an issuer. The Fund may consider a company to be located in a particular country even if it is not domiciled in, or have its principal place of business in, that country if at least 50% of its assets are in, or it expects to derive at least 50% of its total revenue or profits from, goods or services produced in or sales made in that country. The Fund typically invests in the securities of medium to large size companies, but will also invest in smaller companies.

The Funds holdings may be limited to the securities of 40 to 60 different issuers and may focus its investments in companies located in or tied economically to particular countries or regions. The Fund generally invests in securities that are traded in the foreign securities markets, though it may invest significantly in emerging or developing markets. Additionally, from time to time, in pursuing its investment strategies, the Fund may hold significant investments in a specific market sector. The subadviser selects investments by screening a universe of stocks that meet its quality growth criteria, which include high return on equity and low to moderate leverage, among others. It then further narrows that universe by using a bottom-up stock and business analysis approach to identify companies whose businesses are highly profitable, have consistent operating histories and financial performance and enjoy possible long-term economic prospects.

The subadviser also seeks to generate greater returns by investing in securities at a price below the companys intrinsic worth. In making sell decisions, the subadviser considers, among other things, whether a securitys price target has been met, whether there has been an overvaluation of the issuer by the market, whether there has been a clear deterioration of future earnings power and whether, in the subadvisers opinion, there has been a loss of long-term competitive advantage.

C000123976 Costs and Fees

C000123976 costs about $109 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.09%
• Gross expense ratio: 1.09%
• Portfolio turnover: 36%
• Brokerage commissions: 13.95 bps of average net assets (SEC N-CEN)

C000123976 Cashflows

Over the 12 months to 2019-09, First Investors International Fund had net inflows of $16.68M, from monthly SEC N-PORT filings.

C000123976 Debt Constituents

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

C000123976 Prospectus and SEC Filings

Official First Investors International 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 Developed ex-US Blend / Core Equity funds tracked on ABC INVEST:

• State Street International Stock Selection Fund (SSAIX)
• Columbia Pyrford International Stock Fund (PISJX)
• Core Market Neutral Fund (STTKX)
• Long Cramer Tracker ETF (LJIM)
• Baillie Gifford International Smaller Companies Fund (BICKX)

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.