First Investors Tax Exempt Oregon Fund
Data updated: 2019-11-27
C000126141 — First Investors Tax Exempt Oregon Fund. Municipal - National Bond · $50.14M AUM. Holdings, fees, performance and SEC filings.
C000126141 Fund Overview
First Investors Tax Exempt Oregon Fund is a US mutual fund managed by First Investors Tax Exempt Funds, categorised as Municipal - National Bond. 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 Tax Exempt Funds
- Category: Municipal - National Bond
- Assets under management: $50.14M
- SEC CIK: 0000716792
- SEC series ID: S000011427
- Share class ID: C000126141
C000126141 Investment Objective and Strategy
First Investors Tax Exempt Oregon Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Investors Tax Exempt Funds.
Investment objective
A high level of interest income that is exempt from both federal and state income tax for individual residents of the state of Oregon. The Fund also seeks income that is not a tax preference item for purposes of the federal alternative minimum tax (Tax Preference Item).
Principal investment strategy
Under normal circumstances, at least 80% of the Funds net assets (plus any borrowings for investment purposes) will be invested in municipal securities that pay interest that is exempt from federal income tax and is not a Tax Preference Item, and any applicable state income tax for individual residents of the state of Oregon. However, the Fund typically attempts to invest all of its assets in such securities. Such securities include obligations issued by municipalities and other authorities in Oregon and U.S. possessions and territories, such as Puerto Rico. In certain cases, dividends paid by the Fund may also be exempt from local personal income taxes. The Fund generally invests only in high quality municipal securities that are rated as, or, if unrated, are determined by the Fund to be, investment grade at the time of purchase.
Typically, the securities purchased by the Fund have maturities of fifteen years or more. However, the Fund may invest in securities with any maturity and may invest in interest rate swaps, futures and options on futures to hedge against interest rate changes and inverse floaters to produce income. The Fund may invest in securities insured against default by independent insurance companies and revenue bonds. In selecting investments, the Fund considers various factors, including: a securitys maturity, coupon, yield, credit quality, call protection and relative value and the outlook for interest rates and the economy. The Fund may sell a security for various reasons, including to adjust the Funds sensitivity to changes in interest rates (duration), replace it with a security that offers a higher yield or better value, respond to a deterioration in credit quality, or raise cash.
The Fund generally considers any capital gains or losses that may be incurred upon the sale of an investment.
C000126141 Costs and Fees
C000126141 costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 0.69%
- Portfolio turnover: 49%
- Brokerage commissions: 0.22 bps of average net assets (SEC N-CEN)
C000126141 Cashflows
Over the 12 months to 2019-09, First Investors Tax Exempt Oregon Fund had net outflows of $2.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-09 | −$1.01M |
| 2019-08 | $30.11K |
| 2019-07 | −$1.08M |
C000126141 Debt Constituents
No individual debt constituents are reported in First Investors Tax Exempt Oregon Fund's latest SEC N-PORT filing.
C000126141 Prospectus and SEC Filings
Official First Investors Tax Exempt Oregon Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Municipal - National Bond funds tracked on ABC INVEST:
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.