C000167794 Fees and Costs — First Investors Covered Call Strategy Fund, Advisor Class
Data updated: 2019-12-13
The net expense ratio is 1.03%: a 0.80% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $639K in broker commissions, 0.2038% of average net assets, and portfolio turnover was 107%.
C000167794 Fees and Expenses
Annual operating expenses and sales charges of C000167794. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000167794 Costs Over Time
On $10,000 invested in C000167794, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.30% 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 1.03%) | $108 | $337 | $582 |
| Trading costs (broker commissions) | $21 | $67 | $115 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $423 | $768 |
| Value after costs | $10,370 | $11,153 | $11,995 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
C000167794 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
C000167794 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% |
C000167794 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.