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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. The Fund intends to operate as a “government money market fund” as defined in Rule 2a-7 under the Investment Company Act of 1940. The Fund will invest at least 99.5% of its total assets in (i) U.S. Government Securities; (ii) cash; and/or (iii) repurchase agreements that are collateralized fully by cash and/or U.S. government securities. In addition, under normal circumstances, the Fund will invest at least 80% of its net assets, including any borrowings for investment purposes, in U.S. government securities and repurchase agreements collateralized fully by cash or U.S. government securities.  U.S. government securities include: U.S. Treasury bills and notes; obligations issued by the U.S. government, its agencies or instrumentalities, including securities issued by entities chartered by Congress that are not issued or guaranteed by the U.S. Treasury, including the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Home Loan Banks and Federal Farm Credit Banks; and obligations issued by issuers that are guaranteed as to principal or interest by the U.S. government, its agencies or instrumentalities, including the Government National Mortgage Association.  The Fund may invest in variable and floating rate instruments.  The Fund generally invests in securities with remaining maturities of 397 days or less.
Returns as of 06-30-2017 06-30-2017
Gross/Net Exp as of 09-30-2016 Gross/Net Exp as of 09-30-2016
Average Annual Total Returns
Class 1 d % 7 d % 30 d % 12 mn % Inception date Gross/Net Exp %
Average Annual Total Returns
A0.000.000.000.0010-16-19781.05/1.05
B0.000.000.000.0001-12-19951.77/1.77
Institutional0.000.000.000.0004-01-20130.68/0.68
Average Annual Total Returns
ClassA
1 d %0.00
7 d %0.00
30 d %0.00
12 mn %0.00
Inception date10-16-1978
Gross/Net Exp %1.05/1.05
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 %1.77/1.77
Average Annual Total Returns
ClassInstitutional
1 d %0.00
7 d %0.00
30 d %0.00
12 mn %0.00
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
A0.000.000.000.0010-16-19781.05/1.05
B0.000.000.000.0001-12-19951.77/1.77
Institutional0.000.000.000.0004-01-20130.68/0.68
Average Annual Total Returns
ClassA
1 d %0.00
7 d %0.00
30 d %0.00
12 mn %0.00
Inception date10-16-1978
Gross/Net Exp %1.05/1.05
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 %1.77/1.77
Average Annual Total Returns
ClassInstitutional
1 d %0.00
7 d %0.00
30 d %0.00
12 mn %0.00
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 may be higher or lower than the performance 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%. 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. For performance data current to the most recent month-end call 800 524 2803 or visit Pricing & Performance. Returns may reflect waivers or reimbursements of certain expenses. Absent of these waivers or reimbursements, returns may be lower.

Top Holdings (%)

As of 06-30-2017
Top Holdings (%)
Security% of Total Net Assets
U.S. Treasury Bills, 0.795%, 08/17/20177.7%
U.S. Treasury Bills, 0.908%, 09/14/20177.7%
U.S. Treasury Bills, 0.795%, 07/13/20176.9%
Federal Home Loan Bank, 1.025%, 08/16/20176.9%
Federal Home Loan Bank, 0.810%, 07/18/20175.4%
Federal Home Loan Bank, 0.935%, 08/15/20175.4%
Federal Home Loan Bank, 0.994%, 07/17/20175.4%
U.S. Treasury Bills, 0.895%, 09/07/20175.4%
Federal Home Loan Bank, 1.035%, 09/22/20175.4%
Federal Home Loan Bank, 1.030%, 08/04/20174.6%
Total60.8%

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  0.55% 0.52% 0.18%
Total Annual Fund Operating Expenses 1.05% 1.77% 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.

 

A Word About Risk

An investment in the Fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, you can lose money by investing in the Fund. The Fund should not be relied upon as a complete investment program. Any investment carries with it some level of risk.

Principal Risks: You could lose money by investing in the Fund.  Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so.  An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) 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.

The Fund is intended for investors who:

  • Are seeking income, and
  • Are seeking a conservative investment that provides a high degree of credit quality.

Here are the principal risks of investing in the Fund:

Credit Risk.  The 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. There is a risk that the value of an investment will decline if there is a default by or 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 money market instruments decline. This could cause the Fund's NAV to decline below $1.00 per share.

Liquidity Risk. The Fund may be unable to sell a security promptly and at an acceptable price, which could have the effect of decreasing the overall level of the Fund's liquidity. 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 U.S. government securities held by the Fund may decline in response to certain events, such as general economic and market conditions, adverse political or regulatory developments, interest rate fluctuations, and those events directly involving the issuers.  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.  The conversion of money market funds to “government money market funds” could lead to supply issues within the U.S. Treasury securities market 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 decline as interest rates decline. 

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