C000126133 Fees and Costs — First Investors Tax Exempt New Jersey Fund, Advisor Class
Data updated: 2019-11-27
The net expense ratio is 0.68%: a 0.50% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 20%.
C000126133 Fees and Expenses
Annual operating expenses and sales charges of C000126133. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| 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 | No |
C000126133 Costs Over Time
On $10,000 invested in C000126133, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
C000126133 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $23.1M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
C000126133 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | $4.9M | 22.18% |
| Raymond James/M. Keegan | $3.7M | 16.58% |
| Wells Fargo Securities, LLC | $3.0M | 13.54% |
| Morgan Stanley | $3.0M | 13.51% |
| Citigroup Global Markets | $2.5M | 11.09% |
| Roosevelt & Cross | $1.4M | 6.53% |
| Stifel, Nicolaus & Co., Inc | $1.1M | 4.88% |
| Baird (Robert W.) & Co. Inc | $1.0M | 4.62% |
| Goldman, Sachs & Co. | $1.0M | 4.61% |
| Janney Montgomery Scott, LL | $544K | 2.45% |
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.