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First Investors Tax-Exempt Funds: Impact of Hurricanes Harvey and Irma

  • Sep 20, 2017

By: Clark Wagner, President, Foresters Investment Management Company, Inc. and Chief Investment Officer, Foresters Financial and Patrick Tucci, co-Portfolio Manager, First Investors Tax Exempt Funds

As the entire nation watched, Texas and Florida were recently battered by recordbreaking winds and inundated with floodwaters that stretched for miles inland, the result of back-to-back hurricanes Harvey and Irma. 

Here at Foresters Financial, our thoughts are with all of the residents, families, and communities in the areas affected, whether by power loss, displacement from their homes or jobs, or loss of either. Clients with investments through the First Investors Tax Exempt Funds in these impacted locations, can rest assured that these investments are being monitored carefully now and as the recovery progresses. 

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Q&A with Ed Miska and Steven Hill

  • Aug 28, 2017

Finding Quality and Growth at a Discount
First Investors Opportunity Fund
Interview with: Edwin Miska, Steven Hill

Author: Ticker Magazine 
Last Update: Aug 28, 10:10 AM ET
Investing in well-established companies with growth characteristics tends to provide added value when the purchased stocks, or their sectors, are suffering from temporary problems. Steven Hill and Edwin Miska explain how the core strategy behind the First Investors Opportunity Fund blends a bottom-up selection process with a catalyst-driven approach to build a portfolio of quality stocks across a flexible market-cap range. 

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Rajeev Sharma

Read the Washington Post’s interview with Rajeev Sharma, Director of Fixed Income

  • Aug 18, 2017

First Investors Funds' Rajeev Sharma was recently interviewed by the Washington Post.

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Clark Wagner, President, Foresters Investment Management Company and Chief Investment Officer, Foresters Financial

Midyear 2017 Outlook - Cautious optimism

  •  Jun 30, 2017

Commentary by Clark Wagner President, Foresters Investment Management Company, Inc.  and Chief Investment Officer,  Foresters Financial
 

The first half of 2017 was generally positive for the U.S. economy and financial markets. Unemployment dropped to a 10-year low in May, the stock market continued its eight year bull run supported by strong earnings, and the U.S. bond market remained attractive relative to other developed countries.

Looking forward there are three themes we’ve identified of which investors should be aware...

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What you should know before investing in Index Funds

Over the past few years, a large amount of assets have flowed into index funds. The S&P 500 Index funds grew in popularity and received lots of positive press during the most recent bull market. There were almost $2.1 trillion in S&P 500 Index products (including $0.4 trillion of ETF assets) out of a total of $7.5 trillion that were benchmarked against the Index. (Source: S&P DJI’s Annual Survey of Indexed Assets as of December 31, 2015).

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Covered Call investing and its benefits in today’s market environment

Covered Call investing has attracted a great deal of attention from investors searching for lower-volatility equity strategies with an attractive income component. The risk-reducing characteristics of the covered call strategy have produced superior risk-adjusted returns over time relative to a long only approach. This paper begins by discussing why an investor would allocate to a covered call strategy. The second section of the paper describes three different types of covered call strategies:1) Passive Index-based, 2) Active Index-based, and 3) Active Single-stock.

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Fund Perspectives: First Investors Hedged U.S. Equity Opportunities Fund

More and more interviews with top economists and other market experts have centered around how to navigate through recent market volatility during this prolonged period of low interest rates. Many investors are looking for alternatives to traditional or other types of funds that may deliver a better risk-adjusted return over time that protect during down markets. One solution that is picking up momentum is a hedged equity strategy, which combines high active share stock selection with an index option overlay for tail risk mitigation and futures to manage market sensitivity (beta). This solution seeks to provide equity market participation with lower volatility and less severe drawdowns. It also seeks to improve the client experience.

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QA with Ed Miska and Steven Hill

Finding Quality and Growth at a Discount
First Investors Opportunity Fund
Interview with: Edwin Miska, Steven Hill

Author: Ticker Magazine 
Last Update: Aug 28, 10:10 AM ET
 
Investing in well-established companies with growth characteristics tends to provide added value when the purchased stocks, or their sectors, are suffering from temporary problems. Steven Hill and Edwin Miska explain how the core strategy behind the First Investors Opportunity Fund blends a bottom-up selection process with a catalyst-driven approach to build a portfolio of quality stocks across a flexible market-cap range.

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First Investors Covered Call Strategy Fund

Investment Objective: Long-term capital appreciation.

Morningstar Category: Option writing

Investment Strategy: The Fund invests in a portfolio of equity securities and writes (sells) call options on those securities.

Investment process brochure

Fact Sheet

Client brochure

2017 Second Quarter Fund Commentary

First Investors Equity Income Fund

Investment Objective & Strategy: The Fund seeks total return.

Morningstar Category: U.S. Fund Large

Fact Sheet

2017 Second Quarter Fund Commentary

First Investors Fund For Income

Investment Objective & Strategy: The Fund seeks high current income.

Morningstar Category: High Yield

Fact Sheet

2017 Second Quarter Fund Commentary

First Investors Global Fund

Investment Objective & Strategy: The Fund seeks long-term capital growth.

Morningstar Category: World Stock

Fact Sheet

2017 Second Quarter Fund Commentary

First Investors Investment Grade Fund

Investment Objective & Strategy: The Fund seeks to generate a maximum level of income consistent with investment in investment grade debt securities.

Morningstar Category: U.S. Fund Corporate Bond

Fact Sheet

2017 Second Quarter Fund Commentary

First Investors Tax Exempt Income Fund

Investment Objective & Strategy: The Fund seeks a high level of interest income that is exempt from federal income tax and is not a tax preference item for purposes of the federal alternative minimum tax (“AMT”). 

Morningstar Category: Muni National Intermediate

Fact Sheet

2017 Second Quarter Fund Commentary

First Investors Hedged US Equity Opportunities Fund

Investment Objective: Total return, and secondarily, capital preservation. 

Morningstar Category: Option writing

Investment Strategy: The Fund will seek to achieve its investment objective by investing in a broadly diversified portfolio of U.S. common stocks of any market capitalization, while also investing in derivatives  to help manage investment risk.

Investment process brochure

Fact sheet

Q & A

Client brochure

 

First Investors Long Short Fund

Investment Objective: Capital appreciation. 

Morningstar Category: Long-short equity

Investment Strategy: The Fund utilizes a long/short investment strategy through investments in equity securities, primarily common stocks of U.S. issuers. Under normal circumstances, the Fund seeks to take long positions by investing in equity securities of companies with strong and/or improving financial productivity that have attractive valuations. It then seeks to complement these long positions with short positions in companies viewed by the subadviser to possess deteriorating fundamentals, unattractive valuations or other qualities warranting a short position, or those that represent a sector or market hedge. The Fund may use short positions to seek to increase returns or to reduce risk.

Investment process brochure

Fact Sheet

Client brochure

 

First Investors Special Situations Fund

Investment Objective: Long-term growth of capital.

Morningstar Category: Small blend

Investment Strategy: The Fund invests primarily in common stocks of small-size companies that the Fund’s adviser Foresters Investment Management Company, Inc. believes are undervalued, and generally invests in companies that are experiencing a “special situation” that makes them undervalued relative to their long-term potential. Developments creating special situations may include mergers, spin-offs, litigation resolution, new products or management changes. The Fund may also invest in stocks of mid-size or large companies. The Fund also may invest in exchange-traded funds (ETFs) to gain exposure to stocks.

Investment process brochure

Fact Sheet

2017 Second Quarter Fund Commentary

 

First Investors Suite of Tax Exempt Funds

Foresters Financial offers two national bond funds and 12 state-specific funds (see chart on page 3). Our national tax exempt funds seek a high level of interest income that is exempt from federal income tax and secondarily, for the Tax Exempt Opportunities Fund, total return. Each tax exempt fund also seeks income that is not a tax preference item for the purpose of the Alternative Minimum Tax (“AMT”). Our single state tax exempt funds each seeks a high level of interest income that is exempt from both federal and state income tax for individual residents of a particular state.

Municipal bonds investment process brochure

Municipal Bond Taxable Equivalent Yields

First Investors Tax Exempt Income Fund Fact Sheet★ ★ ★ ★ ★   Overall Morningstar RatingTM 1


© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

1 Source 8/31/17. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk- Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. First Investors Tax Exempt Income Fund was rated against the following numbers of U.S.-domiciled Muni National Intermediate funds over the following time periods: 263 during prior 3-year period funds in the last three years, 226 during the prior 5-year period funds in the last five years, and 155 during the prior 10-year period funds in the last 10 years. With respect to these Muni National Intermediate funds, First Investors Tax Exempt Income Fund received a Morningstar Rating of 4 stars for 3-year rating stars, 4 stars for 5-year rating stars and 5 stars for 10-year rating stars for the three-, five- and 10-year periods, respectively. Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. Ratings may vary among share classes and are based on past performance. Past performance is no guarantee of future results.

Morningstar Rating is for the A share class only; other classes may have different performance characteristics.

First Investors Mutual Funds Menu

First Investors Mutual Funds provide a wide variety of financial solutions designed to meet the needs of today’s investor.

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Munis in Focus: Learn about the “threats” to the muni bond market. Clark Wagner, President, Foresters Investment Management Company, Inc. and Chief Investment Officer, Foresters Financial.

 

Munis in Focus: Outlook for 2017. Clark Wagner, President, Foresters Investment Management Company, Inc. and Chief Investment Officer, Foresters Financial.

Munis in Focus: Active Management in the First Investors Tax Exempt Income Fund.  Clark Wagner, President, Foresters Investment Management Company, Inc. and Chief Investment Officer, Foresters Financial.

Beta budget – risk measurement.  Wiley D. Angell, Portfolio Manager, First Investors Covered Call Strategy Fund and CIO, FAMCO Group Ziegler Capital Management, LLC  

Reap the benefits of lower volatility and active management with the First Investors Covered Call Strategy Fund.  Wiley D. Angell, Portfolio Manager, First Investors Covered Call Strategy Fund and CIO, FAMCO Group Ziegler Capital Management, LLC  

Using active management in a covered call strategy.  Wiley D. Angell, Portfolio Manager, First Investors Covered Call Strategy Fund and CIO, FAMCO Group Ziegler Capital Management, LLC  

Discover how high yield bonds can diversify your portfolio.  Clinton Comeaux, Co-Portfolio Manager, First Investors Fund For Income and Portfolio Manager, Muzinich

2017 Outlook for High Yield.  Clinton Comeaux, Co-Portfolio Manager, First Investors Fund For Income and Portfolio Manager, Muzinich

Default activity in the High Yield Market.  Clinton Comeaux, Co-Portfolio Manager, First Investors Fund For Income and Portfolio Manager, Muzinich

First Investors Fund for Income current positioning.  Clinton Comeaux, Co-Portfolio Manager, First Investors Fund For Income and Portfolio Manager, Muzinich

Impact of gradual US monetary policy.  Clinton Comeaux, Co-Portfolio Manager, First Investors Fund For Income and Portfolio Manager, Muzinich