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Equity Income Fund

Investment Adviser: Foresters Investment Management Company, Inc.

Portfolio Manager: Sean Reidy

Investment Objective and Strategy

The Fund seeks total return.

Sector Allocation (%)

As of 09-30-2018

This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%.

Top Holdings (%)

As of 09-30-2018
Top Holdings (%)
Security% of Total Net Assets
Pfizer, Inc.2.5%
Merck & Co., Inc.2.3%
JPMorgan Chase & Co.2.2%
Johnson & Johnson2.1%
Microsoft Corp.2.1%
Wells Fargo & Co.2.1%
Chevron Corp.2.1%
Cisco Systems, Inc.2.0%
Verizon Communications, Inc.1.8%
Chubb, Ltd.1.5%
Total20.6%

This information is solely for illustrative purposes. The portfolio as of the date of this report may or may not be the same as the portfolio on the date this material is used.

Returns as of 10-31-2018 09-30-2018
Gross/Net Exp as of 09-30-2017 Gross/Net Exp as of 09-30-2017
Average Annual Total Returns
Class 1 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV8.6812.409.248.58N/A02-22-19931.21/1.21
w/ sales charge2.4710.207.957.93N/A02-22-19931.21/1.21
Bat NAV7.8911.498.337.94N/A01-12-19952.04/2.04
w/ sales charge3.8910.688.037.94N/A01-12-19952.04/2.04
Advisorat NAV9.1012.839.59N/A10.1804-01-20130.85/0.85
Institutionalat NAV9.2112.889.67N/A10.2804-01-20130.81/0.81
Average Annual Total Returns
ClassA
at NAV
1 Yr. %8.68
3 Yr. %12.40
5 Yr. %9.24
10 Yr. %8.58
Since inception*N/A
Inception date02-22-1993
Gross/Net Exp %1.21/1.21
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %2.47
3 Yr. %10.20
5 Yr. %7.95
10 Yr. %7.93
Since inception*N/A
Inception date02-22-1993
Gross/Net Exp %1.21/1.21
Average Annual Total Returns
ClassB
at NAV
1 Yr. %7.89
3 Yr. %11.49
5 Yr. %8.33
10 Yr. %7.94
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.04/2.04
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %3.89
3 Yr. %10.68
5 Yr. %8.03
10 Yr. %7.94
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.04/2.04
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %9.10
3 Yr. %12.83
5 Yr. %9.59
10 Yr. %N/A
Since inception*10.18
Inception date04-01-2013
Gross/Net Exp %0.85/0.85
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %9.21
3 Yr. %12.88
5 Yr. %9.67
10 Yr. %N/A
Since inception*10.28
Inception date04-01-2013
Gross/Net Exp %0.81/0.81
Average Annual Total Returns
Class 1 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV0.997.527.119.64N/A02-22-19931.21/1.21
w/ sales charge-4.805.415.858.99N/A02-22-19931.21/1.21
Bat NAV0.286.626.249.49N/A01-12-19952.04/2.04
w/ sales charge-3.565.735.929.49N/A01-12-19952.04/2.04
Advisorat NAV1.427.917.45N/A8.8504-01-20130.85/0.85
Institutionalat NAV1.417.967.54N/A8.9304-01-20130.81/0.81
Average Annual Total Returns
ClassA
at NAV
1 Yr. %0.99
3 Yr. %7.52
5 Yr. %7.11
10 Yr. %9.64
Since inception*N/A
Inception date02-22-1993
Gross/Net Exp %1.21/1.21
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %-4.80
3 Yr. %5.41
5 Yr. %5.85
10 Yr. %8.99
Since inception*N/A
Inception date02-22-1993
Gross/Net Exp %1.21/1.21
Average Annual Total Returns
ClassB
at NAV
1 Yr. %0.28
3 Yr. %6.62
5 Yr. %6.24
10 Yr. %9.49
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.04/2.04
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %-3.56
3 Yr. %5.73
5 Yr. %5.92
10 Yr. %9.49
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.04/2.04
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %1.42
3 Yr. %7.91
5 Yr. %7.45
10 Yr. %N/A
Since inception*8.85
Inception date04-01-2013
Gross/Net Exp %0.85/0.85
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %1.41
3 Yr. %7.96
5 Yr. %7.54
10 Yr. %N/A
Since inception*8.93
Inception date04-01-2013
Gross/Net Exp %0.81/0.81

*For funds with less than 1, 3, 5 or 10 year performance data.

The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance and expense ratios may be higher or lower than the data quoted. Performance of share classes will differ because each class is sold pursuant to different sales arrangements and bears different expenses. The Class A returns shown with sales charges are based on the maximum sales charge of 5.75% for Equity Funds, 4% for the Municipal Funds and Bond Funds, except First Investors Limited Duration, High Quality Bond Fund and First Investors Floating Rate Fund, which are 2.5%. The Class B returns shown with sales charges are adjusted for the applicable deferred sales charge (maximum of 4% in the first year). The Advisor Class and Institutional Class returns are shown as NAV only returns since these classes are sold without sales charges. Redemptions of Class B shares may be subject to a deferred sales charge. Returns may reflect waivers or reimbursements of certain expenses. Absent of these waivers or reimbursements, returns may be lower.

For more complete information on any First Investors fund, you may obtain a free prospectus by downloading it here,  contacting your registered representative, or calling 800 423 4026. You should consider the investment objectives, risks, fees or charges, and expenses of the fund carefully before investing. The prospectus and summary prospectus contain this and other information about the fund, and should be read carefully before you invest or send money.


Annual Performance before Sales Charge (%)

All distributions reinvested
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YTD 2018
A Shares -29.09 19.61 13.42 1.04 10.45 29.58 7.93 -1.50 12.86 15.07 3.36
Russell 1000 Value Index -36.86 19.63 15.50 0.39 17.51 32.56 13.45 -3.84 17.32 13.64 3.92
Annual Performance before Sales Charge (%)
A Shares
2008 -29.09
2009 19.61
2010 13.42
2011 1.04
2012 10.45
2013 29.58
2014 7.93
2015 -1.50
2016 12.86
2017 15.07
YTD 2018 3.36
Annual Performance before Sales Charge (%)
Russell 1000 Value Index
2008 -36.86
2009 19.63
2010 15.50
2011 0.39
2012 17.51
2013 32.56
2014 13.45
2015 -3.84
2016 17.32
2017 13.64
YTD 2018 3.92

Sector Allocation (%)

As of 09-30-2018

This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%

Top Holdings (%)

As of 09-30-2018
Top Holdings (%)
Security% of Total Net Assets
Pfizer, Inc.2.5%
Merck & Co., Inc.2.3%
JPMorgan Chase & Co.2.2%
Johnson & Johnson2.1%
Microsoft Corp.2.1%
Wells Fargo & Co.2.1%
Chevron Corp.2.1%
Cisco Systems, Inc.2.0%
Verizon Communications, Inc.1.8%
Chubb, Ltd.1.5%
Total20.6%

This information is solely for illustrative purposes. The portfolio as of the date of this report may or may not be the same as the portfolio on the date this material is used.

Risk Measure 3 Year

As of 09/30/2018
3 Year *
Alpha** 0.15
Beta** 0.90
R-Squared** 95.83
Sharpe Ratio 1.30
Standard Deviation 8.59
* Calculations measured against Class A shares
** Measured against the Fund's benchmark
Class A Class B Advisor Class Institutional Class
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75%1 None None None
Maximum deferred sales charge (load) (as a percentage of the lower of purchase price or redemption price) 1.00%2 4.00%3 None None
Class A Class B Advisor Class Institutional Class
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.73% 0.73% 0.73% 0.73%
Distribution and Service (12b-1) Fees 0.30% 1.00% None None
Other Expenses 0.17% 0.30% 0.11% 0.07%
 Acquired Funds Fees and Expenses 0.01%   0.01%  0.01% 0.01% 
Total Annual Fund Operating Expenses 1.21% 2.04% 0.85% 0.81%

Due to rounding of numbers in calculating a sales charge, you may pay more or less than what is shown above.

2 A CDSC of 1.00% will be assessed on certain redemptions of Class A shares that are purchased without a sales charge. 

4.00% in the first year, declining to 0% after the sixth year. Class B shares convert to Class A shares after eight years.

Sean Reidy

Sean Reidy

Sean Reidy has served as Portfolio Manager of the Equity Income Fund since 2011.

How to obtain a prospectus  

For more complete information on any First Investors fund, you may obtain a free prospectus by downloading it here, contacting your registered representative, or calling 800 423 4026. You should consider the investment objectives, risks, fees or charges, and expenses of the fund carefully before investing. The prospectus and summary prospectus contain this and other information about the fund, and should be read carefully before you invest or send money.


Principal Risks
You can lose money by investing in the Fund. There is no guarantee that the Fund will meet its investment objective.

Here are the principal risks of investing in the Fund:

Call Options Risk. Writing call options involves risks, such as potential losses if equity markets or an individual equity security do not move as expected and the potential for greater losses than if these techniques had not been used. By writing covered call options, the Fund will give up the opportunity to benefit from potential increases in the value of a Fund asset above the exercise price, but will bear the risk of declines in the value of the asset. Writing call options may expose the Fund to significant additional costs. Derivatives may be difficult to sell, unwind or value.

Dividend Risk.  At times, the Fund may not be able to identify attractive dividend-paying stocks.  The income received by the Fund will also fluctuate due to the amount of dividends that companies elect to pay.

Market Risk.  Stock prices may decline over short or even extended periods due to general economic and market conditions, adverse political or regulatory developments or interest rate fluctuations.  While dividend-paying stocks are generally considered less volatile than other stocks, there can be no guarantee that the Fund’s overall portfolio will be less volatile than the general stock market.  Adverse market events may lead to increased redemptions, which could cause the Fund to experience a loss or difficulty in selling securities to meet redemptions. 

Mid-Size and Small-Size Company Risk.  The market risk associated with stocks of mid- and small-size companies is generally greater than that associated with stocks of larger, more established companies because stocks of mid- and small-size companies tend to experience sharper price fluctuations.  At times, it may be difficult to sell mid-to-small-size company stocks at reasonable prices.

Security Selection Risk.  Securities selected by the portfolio manager may perform differently than the overall market or may not meet expectations. 

Undervalued Securities Risk.  The Fund seeks to invest in securities that are undervalued and that will rise in value due to anticipated events or changes in investor perceptions.  If these developments do not occur, the market price of these securities may not rise as expected or may fall.

An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.