C000171867 Fees and Costs — First Investors Hedged U.S. Equity Opportunities Fund, Institutional Class
Data updated: 2019-12-13
The net expense ratio is 1.39%: a 1.15% management fee plus 0.24% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $88K in broker commissions, 0.0465% of average net assets, and portfolio turnover was 56%.
C000171867 Fees and Expenses
Annual operating expenses and sales charges of C000171867. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.39% |
| Fee waiver | — |
| Net expense ratio | 1.39% |
| 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 |
C000171867 Costs Over Time
On $10,000 invested in C000171867, assuming 5% a year before costs, total costs come to $891 over 5 years, cutting the return by 1.51% 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 1.39%) | $146 | $453 | $783 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $492 | $891 |
| Value after costs | $10,349 | $11,085 | $11,872 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
C000171867 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): 0.0465%
- Total broker commissions: $88K
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000171867 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $17K | 23.83% |
| Barclays Capital Inc | $14K | 19.73% |
| Credit Suisse Securities (USA) LLC | $12K | 17.19% |
| Instinet, LLC | $8K | 10.45% |
| JPMorgan Chase & Co. | $6K | 7.78% |
| Goldman Sachs & Co. LLC | $5K | 6.26% |
| UBS Securities LLC | $3K | 3.98% |
| Jefferies LLC | $3K | 3.90% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3K | 3.73% |
| Citigroup Global Markets Inc. | $2K | 3.16% |
C000171867 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2.3M | 62.46% |
| Goldman Sachs & Co. LLC | $679K | 18.67% |
| Academy Securities Inc. | $351K | 9.65% |
| Rabo Securities USA Inc. | $89K | 2.45% |
| Cowen & Co. | $80K | 2.20% |
| JPMorgan Chase & Co. | $43K | 1.19% |
| Evercore Group LLC | $42K | 1.14% |
| Credit Suisse AG | $29K | 0.79% |
| Raymond James & Associates | $28K | 0.76% |
| Sandler O'Neill Partners LP | $24K | 0.67% |
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.