C000126148 Fees and Costs — First Investors California Tax Exempt Fund, Advisor Class
Data updated: 2019-11-27
The net expense ratio is 0.64%: a 0.50% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 48%.
C000126148 Fees and Expenses
Annual operating expenses and sales charges of C000126148. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| 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 |
C000126148 Costs Over Time
On $10,000 invested in C000126148, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.64%) | $67 | $210 | $366 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000126148 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): $58.2M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000126148 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $8.6M | 20.39% |
| Citigroup Global Markets | $7.3M | 17.32% |
| Morgan Stanley | $6.5M | 15.43% |
| Merrill Lynch Pierce Fenner & Smith | $3.5M | 8.33% |
| BNY Capital Markets | $3.2M | 7.61% |
| Piper Jaffray & Co. | $2.9M | 6.84% |
| Wedbush Morgan Securities | $2.8M | 6.76% |
| Siebert Branford Schank & C | $2.5M | 6.05% |
| Raymond James/M. Keegan | $2.5M | 5.90% |
| US Bank | $2.2M | 5.36% |
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.