C000124044 Fees and Costs — First Investors Strategic Income Fund, Class A
Data updated: 2019-12-13
The net expense ratio is 1.21%. This share class carries a maximum front-end sales load of 4.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 58%.
C000124044 Fees and Expenses
Annual operating expenses and sales charges of C000124044. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000124044 Costs Over Time
On $10,000 invested in C000124044, assuming 5% a year before costs, total costs come to $1,234 over 5 years, cutting the return by 2.11% 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 |
| Sales charges | $500 | $400 | $400 |
| Fund expenses (net expense ratio 1.21%) | $122 | $380 | $657 |
| Lost growth on money paid in costs | $20 | $82 | $177 |
| Total costs | $642 | $862 | $1,234 |
| Value after costs | $9,858 | $10,715 | $11,529 |
| Impact on return, per year | 6.42% | 2.67% | 2.11% |
C000124044 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $174.1M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
C000124044 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $75.3M | 44.60% |
| Wells Fargo Securities, LLC | $31.4M | 18.56% |
| Barclays Capital Inc | $24.8M | 14.71% |
| Citigroup Global Markets Inc. | $7.5M | 4.44% |
| INTL FCStone Financial Inc. | $6.5M | 3.85% |
| Morgan Stanley & Co. LLC | $5.8M | 3.44% |
| Robert W. Baird & Co. Incorporated | $4.5M | 2.67% |
| JP Morgan Securities LLC | $4.5M | 2.64% |
| Goldman Sachs & Co. LLC. LLC | $4.3M | 2.56% |
| D.A. Davidson & Co. | $4.3M | 2.54% |
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.