C000168911 Fees and Costs — First Investors Life Series Covered Call Strategy Fund, Class A
Data updated: 2019-11-29
The net expense ratio is 0.98%: a 0.75% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $32K in broker commissions, 0.2149% of average net assets, and portfolio turnover was 87%.
C000168911 Fees and Expenses
Annual operating expenses and sales charges of C000168911. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.98% |
| Fee waiver | — |
| Net expense ratio | 0.98% |
| 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 | No |
| Waived fees subject to recoupment | No |
C000168911 Costs Over Time
On $10,000 invested in C000168911, assuming 5% a year before costs, total costs come to $745 over 5 years, cutting the return by 1.25% 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 0.98%) | $103 | $320 | $555 |
| Trading costs (broker commissions) | $23 | $70 | $122 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $745 |
| Value after costs | $10,375 | $11,166 | $12,018 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000168911 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): 0.2149%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $16.6M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
C000168911 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Brokerage Ser | $14K | 42.32% |
| Morgan Stanley | $13K | 40.83% |
| Dash Financial Technologies | $5K | 15.20% |
| Wells Fargo Securities, LLC | $526 | 1.64% |
C000168911 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dash Financial Technologies | $16.0M | 96.66% |
| Morgan Stanley | $371K | 2.24% |
| Susquehanna Brokerage Servs | $182K | 1.10% |
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.