C000199351 Fees and Costs — First Investors Premium Income Fund, Advisor Class
Data updated: 2019-12-13
The net expense ratio is 1.06%: a 0.80% management fee plus 0.33% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $190K in broker commissions, 0.1684% of average net assets, and portfolio turnover was 77%.
C000199351 Fees and Expenses
Annual operating expenses and sales charges of C000199351. Prospectus, as of September 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.06% |
| 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 |
C000199351 Costs Over Time
On $10,000 invested in C000199351, assuming 5% a year before costs, total costs come to $765 over 5 years, cutting the return by 1.29% 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 1.06%) | $111 | $346 | $599 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $421 | $765 |
| Value after costs | $10,371 | $11,155 | $11,998 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000199351 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): 0.1684%
- Total broker commissions: $190K
- Bought from dealers (principal trades, not a cost): $95.8M
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
C000199351 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLC | $89K | 47.99% |
| Morgan Stanley & Co. LLC | $57K | 30.71% |
| Wells Fargo Securities, LLC | $31K | 16.97% |
| Dash Financial Technologies, LLC | $8K | 4.33% |
C000199351 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dash Financial Technologies, LLC | $53.6M | 55.94% |
| Susquehanna Financial Group, LLC | $28.3M | 29.55% |
| Morgan Stanley & Co. LLC | $10.5M | 10.98% |
| Wells Fargo Securities, LLC | $3.4M | 3.52% |
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.