C000126142 Fees and Costs — First Investors Tax Exempt Opportunities Fund, Advisor Class
Data updated: 2019-11-27
The net expense ratio is 0.80%: a 0.55% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 135%.
C000126142 Fees and Expenses
Annual operating expenses and sales charges of C000126142. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| 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 |
C000126142 Costs Over Time
On $10,000 invested in C000126142, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000126142 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): $881.2M
- Portfolio turnover (prospectus): 135%
- Securities lending: none during the year
C000126142 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets | $150.6M | 23.78% |
| Merrill Lynch Pierce Fenner & Smith | $124.1M | 19.60% |
| Jefferies LLC | $82.3M | 13.00% |
| Morgan Stanley | $58.0M | 9.16% |
| Wells Fargo Securities, LLC | $52.6M | 8.30% |
| Goldman, Sachs & Co. | $34.6M | 5.47% |
| JP Morgan Securities LLC | $34.0M | 5.37% |
| US Bank | $34.0M | 5.37% |
| Piper Jaffray & Co. | $33.3M | 5.25% |
| Siebert Cisneros Schank & Co. | $29.7M | 4.69% |
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.