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Government Cash Management Fund

Investment Adviser: Foresters Investment Management Company, Inc.

Portfolio Manager: Michael O'Keefe

Investment Objective and Strategy

The Fund seeks to earn a high rate of current income consistent with the preservation of capital and maintenance of liquidity. 
Returns as of 04-30-2018 03-31-2018
Gross/Net Exp as of 09-30-2017 Gross/Net Exp as of 09-30-2017
Average Annual Total Returns
Class 1 d % 7 d % 30 d % 12 mn % Inception date Gross/Net Exp %
Average Annual Total Returns
A1.021.010.930.4010-16-19781.02/1.02
B0.000.000.000.0001-12-19951.76/1.76
Institutional1.021.010.930.3904-01-20130.68/0.68
Average Annual Total Returns
ClassA
1 d %1.02
7 d %1.01
30 d %0.93
12 mn %0.40
Inception date10-16-1978
Gross/Net Exp %1.02/1.02
Average Annual Total Returns
ClassB
1 d %0.00
7 d %0.00
30 d %0.00
12 mn %0.00
Inception date01-12-1995
Gross/Net Exp %1.76/1.76
Average Annual Total Returns
ClassInstitutional
1 d %1.02
7 d %1.01
30 d %0.93
12 mn %0.39
Inception date04-01-2013
Gross/Net Exp %0.68/0.68
Average Annual Total Returns
Class 1 d % 7 d % 30 d % 12 mn % Inception date Gross/Net Exp %
Average Annual Total Returns
A1.111.141.070.4910-16-19781.02/1.02
B0.000.000.000.0001-12-19951.76/1.76
Institutional1.141.141.070.4804-01-20130.68/0.68
Average Annual Total Returns
ClassA
1 d %1.11
7 d %1.14
30 d %1.07
12 mn %0.49
Inception date10-16-1978
Gross/Net Exp %1.02/1.02
Average Annual Total Returns
ClassB
1 d %0.00
7 d %0.00
30 d %0.00
12 mn %0.00
Inception date01-12-1995
Gross/Net Exp %1.76/1.76
Average Annual Total Returns
ClassInstitutional
1 d %1.14
7 d %1.14
30 d %1.07
12 mn %0.48
Inception date04-01-2013
Gross/Net Exp %0.68/0.68

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.

Top Holdings (%)

As of 03-31-2018
Top Holdings (%)
Security% of Total Net Assets
Federal Home Loan Bank, 1.610%, 04/30/201811.9%
U.S. Treasury Bills, 1.601%, 04/05/20189.7%
Federal Home Loan Bank, 1.710%, 05/08/20186.2%
U.S. Treasury Bills, 1.614%, 06/14/20185.2%
Federal Home Loan Bank, 1.745%, 05/22/20184.5%
U.S. Treasury Bills, 1.427%, 06/07/20184.5%
Federal Home Loan Bank, 1.700%, 04/11/20184.3%
Federal Home Loan Bank, 1.540%, 04/04/20184.1%
Freddie Mac, 1.747%, 08/24/20183.9%
Federal Farm Credit Bank, 1.729%, 10/19/20183.7%
Total58.0%

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.

Class A Class B Institutional Class
Shareholder Fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) None None None
Maximum deferred sales charge (load) (as a percentage of the lower of purchase price or redemption price) 1.00%1 4.00%2 None
Class A Class B Institutional Class
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees 0.50% 0.50% 0.50%
Distribution and Service (12b-1) Fees None 0.75% None
Other Expenses  0.52% 0.51% 0.18%
Total Annual Fund Operating Expenses 1.02% 1.76% 0.68%

1A CDSC of 1.00% will be assessed on certain redemptions of Class A shares that are purchased without a sales charge.

24.00% in the first year, declining to 0% after the sixth year. Class B shares convert to Class A shares after eight years.

Michael O'Keefe

Michael O'Keefe

Michael O'Keefe is the Portfolio Manager of the Government Cash Management and Life Series Government Cash Management Funds. Mr. O'Keefe joined the Cash Management Department of Foresters Financial in 1985.

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

Principal Risks: You could lose money by investing in the Fund.  Although the Fund seeks to preserve a $1.00 per share net asset value, it cannot guarantee it will do so.  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.  The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide support to the Fund at any time.  There is no guarantee that the Fund will meet its investment objective. 

Here are the principal risks of investing in the Fund:

Credit RiskThe U.S. government securities the Fund invests in may or may not be backed by the full faith and credit of the U.S. government.  Securities issued by U.S. government sponsored enterprises are supported only by the credit of the issuing entity.  The value of an investment may decline if there is a default by or a deterioration in the credit quality of the issuer or a provider of a credit enhancement or demand feature.  This could cause the Fund's NAV to decline below $1.00 per share. 

Interest Rate Risk.  Like the values of other debt instruments, the market values of U.S. government securities are affected by changes in interest rates.  When interest rates rise, the market values of U.S. government securities generally decline.  This could cause the Fund's NAV to decline below $1.00 per share.  Interest rates across the U.S. economy have recently increased and may continue to increase, thereby heightening the Fund’s exposure to the risks associated with rising interest rates.

Liquidity Risk. Certain investments may be difficult or impossible to sell at a favorable time or price.  Market developments may cause the Fund's investments to become less liquid and subject to erratic price movements, which may have an adverse effect on the Fund's ability to maintain a $1.00 share price.

Market Risk.  The prices of the debt securities held by the Fund may decline in response to certain events, such as general economic and market conditions, adverse political or regulatory developments and interest rate fluctuations.  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 or cause the Fund's NAV to decline below $1.00 per share.  Supply issues within the U.S. Treasury securities market could arise as demand increases for U.S. government securities.

Repurchase Agreement Risk.  If the seller in a repurchase agreement transaction defaults on its obligation to repurchase a security, the Fund may suffer delays, incur costs and lose money in exercising its rights.

Yield Risk.  The yields received by the Fund on its investments will generally decline as interest rates decline.