C000167793 Fees and Costs — First Investors Covered Call Strategy Fund, Class A
Data updated: 2019-12-13
The net expense ratio is 1.30%. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $639K in broker commissions, 0.2038% of average net assets, and portfolio turnover was 107%.
C000167793 Fees and Expenses
Annual operating expenses and sales charges of C000167793. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000167793 Costs Over Time
On $10,000 invested in C000167793, assuming 5% a year before costs, total costs come to $1,612 over 5 years, cutting the return by 2.80% 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 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.30%) | $129 | $399 | $689 |
| Trading costs (broker commissions) | $20 | $63 | $108 |
| Lost growth on money paid in costs | $29 | $114 | $240 |
| Total costs | $850 | $1,150 | $1,612 |
| Value after costs | $9,650 | $10,426 | $11,151 |
| Impact on return, per year | 8.50% | 3.60% | 2.80% |
C000167793 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): 0.2038%
- Total broker commissions: $639K
- Bought from dealers (principal trades, not a cost): $97.5M
- Portfolio turnover (prospectus): 107%
- Securities lending: none during the year
C000167793 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $292K | 45.68% |
| Susquehanna Financial Group, LLC | $223K | 34.89% |
| Wells Fargo Securities, LLC | $68K | 10.62% |
| Dash Financial Technologies, LLC | $56K | 8.81% |
C000167793 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dash Financial Technologies, LLC | $79.6M | 81.67% |
| Susquehanna Financial Group, LLC | $8.1M | 8.32% |
| Wells Fargo Securities, LLC | $5.3M | 5.42% |
| Morgan Stanley & Co. LLC | $4.5M | 4.59% |
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.