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Growth & Income Fund

Investment Adviser: Foresters Investment Management Company, Inc.

Portfolio Manager: Edwin D. Miska

Investment Objective and Strategy

The Fund seeks long-term growth of capital and current income. The Fund primarily invests in common stocks that offer the potential for capital growth, current income or both. The Fund primarily seeks to invest in common stocks of large-, mid-, and small-size companies that have a history of paying dividends. When the Fund cannot identify dividend-paying stocks that it finds attractive, it may invest in non-dividend paying stocks.

Sector Allocation (%)

As of 06-30-2017

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%.

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 Yr. % 3 Yr. % 5 Yr. % 10 Yr. % Since inception* Inception date Gross/Net Exp %
Average Annual Total Returns
Aat NAV16.134.8712.245.68N/A10-04-19931.17/1.17
w/ sales charge9.452.8210.925.05N/A10-04-19931.17/1.17
Bat NAV15.244.0711.394.99N/A01-12-19951.95/1.95
w/ sales charge11.243.1611.134.99N/A01-12-19951.95/1.95
Advisorat NAV16.545.28N/AN/A10.2904-01-20130.78/0.78
Institutionalat NAV16.615.30N/AN/A10.3404-01-20130.75/0.75
Average Annual Total Returns
ClassA
at NAV
1 Yr. %16.13
3 Yr. %4.87
5 Yr. %12.24
10 Yr. %5.68
Since inception*N/A
Inception date10-04-1993
Gross/Net Exp %1.17/1.17
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %9.45
3 Yr. %2.82
5 Yr. %10.92
10 Yr. %5.05
Since inception*N/A
Inception date10-04-1993
Gross/Net Exp %1.17/1.17
Average Annual Total Returns
ClassB
at NAV
1 Yr. %15.24
3 Yr. %4.07
5 Yr. %11.39
10 Yr. %4.99
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.95/1.95
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %11.24
3 Yr. %3.16
5 Yr. %11.13
10 Yr. %4.99
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.95/1.95
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %16.54
3 Yr. %5.28
5 Yr. %N/A
10 Yr. %N/A
Since inception*10.29
Inception date04-01-2013
Gross/Net Exp %0.78/0.78
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %16.61
3 Yr. %5.30
5 Yr. %N/A
10 Yr. %N/A
Since inception*10.34
Inception date04-01-2013
Gross/Net Exp %0.75/0.75
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 NAV16.134.8712.245.68N/A10-04-19931.17/1.17
w/ sales charge9.452.8210.925.05N/A10-04-19931.17/1.17
Bat NAV15.244.0711.394.99N/A01-12-19951.95/1.95
w/ sales charge11.243.1611.134.99N/A01-12-19951.95/1.95
Advisorat NAV16.545.28N/AN/A10.2904-01-20130.78/0.78
Institutionalat NAV16.615.30N/AN/A10.3404-01-20130.75/0.75
Average Annual Total Returns
ClassA
at NAV
1 Yr. %16.13
3 Yr. %4.87
5 Yr. %12.24
10 Yr. %5.68
Since inception*N/A
Inception date10-04-1993
Gross/Net Exp %1.17/1.17
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %9.45
3 Yr. %2.82
5 Yr. %10.92
10 Yr. %5.05
Since inception*N/A
Inception date10-04-1993
Gross/Net Exp %1.17/1.17
Average Annual Total Returns
ClassB
at NAV
1 Yr. %15.24
3 Yr. %4.07
5 Yr. %11.39
10 Yr. %4.99
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.95/1.95
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %11.24
3 Yr. %3.16
5 Yr. %11.13
10 Yr. %4.99
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.95/1.95
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %16.54
3 Yr. %5.28
5 Yr. %N/A
10 Yr. %N/A
Since inception*10.29
Inception date04-01-2013
Gross/Net Exp %0.78/0.78
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %16.61
3 Yr. %5.30
5 Yr. %N/A
10 Yr. %N/A
Since inception*10.34
Inception date04-01-2013
Gross/Net Exp %0.75/0.75

*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 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.

Sector Allocation (%)

As of 06-30-2017

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 06-30-2017
Top Holdings (%)
Security% of Total Net Assets
Apple, Inc.2.4%
Microsoft Corp.2.4%
JPMorgan Chase & Co.2.2%
Johnson & Johnson2.0%
Altria Group, Inc.2.0%
Newell Brands, Inc.1.9%
Thermo Fisher Scientific, Inc.1.9%
Philip Morris International, Inc.1.9%
Pfizer, Inc.1.6%
3M Company1.6%
Total19.9%

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 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 0.68%
0.68% 0.68% 0.68%
Distribution and Service (12b-1) Fees 0.30% 1.00% None None
Other Expenses 0.19% 0.27% 0.10% 0.07%
Total Annual Fund Operating Expenses 1.17% 1.95% 0.78% 0.75%

1 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.

3 4.00% in the first year, declining to 0% after the sixth year. Class B shares convert to Class A shares after eight years.

Ed Miska

Edwin D Miska

Edwin D. Miska, Director of Equities at Foresters Investment Management Company, Inc. (“FIMCO”), serves as the Portfolio Manager of the Growth & Income Fund, Life Series Growth & Income Fund, the Balanced Income Fund, Life Series Balanced Income Fund, Total Return Fund, Life Series Total Return Fund and serves as Co-Portfolio Manager of the Opportunity Fund and Life Series Opportunity Fund. Prior to joining FIMCO in 2002, Mr. Miska was a Senior Portfolio Manager and Managing Director of Evergreen Asset Management Corporation.

Evan Snyder

Evan Snyder

Evan Snyder, CFA, has worked with Edwin Miska as the Assistant Portfolio Manager of the Growth & Income Fund since 2015 and also serves as a sector-generalist analyst. Prior to joining FIMCO in 2015, Evan worked at Invesco Advisors for seven years as a member of their US Core Equity team where he was an analyst covering multiple sectors. Previously, he worked at IBM’s Corporate Development Group and at Credit Suisse in Mergers and Acquisitions.

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 can lose money by investing in the Fund.  There is no guarantee that the Fund will meet its investment objective.  The Fund is intended for investors who:

  • Are primarily seeking an investment that offers the potential for growth with a modest amount of income,
  • Are willing to accept a moderate degree of investment risk, and
  • Have a long-term investment horizon and are able to ride out market cycles.

Here are the principal risks of investing in the Fund:

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 not only because of company-specific developments, but also 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 an investment therein will be less volatile than the general stock market.  The Fund’s investments in potential growth opportunities may increase the potential volatility of its share price.  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 for the Fund 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 the portfolio manager’s expectations.

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