C000124045 Fees and Costs — First Investors Strategic Income Fund, Advisor Class
Data updated: 2019-12-13
The net expense ratio is 0.86%. There are no sales loads or redemption fees. Portfolio turnover was 58%.
C000124045 Fees and Expenses
Annual operating expenses and sales charges of C000124045. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
C000124045 Costs Over Time
On $10,000 invested in C000124045, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 | $490 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000124045 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
C000124045 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.