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Special Situations Fund

Investment Adviser: Foresters Investment Management Company, Inc. is the Fund's investment adviser.

Portfolio Managers: Steven S. Hill and Arun Sharma

Investment Objective and Strategy

The Fund seeks long-term growth of capital. 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.

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 08-31-2017 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 NAV23.056.5112.026.90N/A09-18-19901.35/1.35
w/ sales charge15.974.4310.696.27N/A09-18-19901.35/1.35
Bat NAV22.065.6511.136.23N/A01-12-19952.16/2.16
w/ sales charge18.064.7410.876.23N/A01-12-19952.16/2.16
Advisorat NAV23.456.81N/AN/A11.0204-01-20131.05/1.05
Institutionalat NAV23.566.96N/AN/A11.2304-01-20130.91/0.91
Average Annual Total Returns
ClassA
at NAV
1 Yr. %23.05
3 Yr. %6.51
5 Yr. %12.02
10 Yr. %6.90
Since inception*N/A
Inception date09-18-1990
Gross/Net Exp %1.35/1.35
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %15.97
3 Yr. %4.43
5 Yr. %10.69
10 Yr. %6.27
Since inception*N/A
Inception date09-18-1990
Gross/Net Exp %1.35/1.35
Average Annual Total Returns
ClassB
at NAV
1 Yr. %22.06
3 Yr. %5.65
5 Yr. %11.13
10 Yr. %6.23
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.16/2.16
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %18.06
3 Yr. %4.74
5 Yr. %10.87
10 Yr. %6.23
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.16/2.16
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %23.45
3 Yr. %6.81
5 Yr. %N/A
10 Yr. %N/A
Since inception*11.02
Inception date04-01-2013
Gross/Net Exp %1.05/1.05
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %23.56
3 Yr. %6.96
5 Yr. %N/A
10 Yr. %N/A
Since inception*11.23
Inception date04-01-2013
Gross/Net Exp %0.91/0.91
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 NAV14.986.5211.197.30N/A09-18-19901.35/1.35
w/ sales charge8.374.459.896.67N/A09-18-19901.35/1.35
Bat NAV14.025.6610.316.93N/A01-12-19952.16/2.16
w/ sales charge10.024.7610.046.93N/A01-12-19952.16/2.16
Advisorat NAV15.336.85N/AN/A10.4704-01-20131.05/1.05
Institutionalat NAV15.436.99N/AN/A10.6704-01-20130.91/0.91
Average Annual Total Returns
ClassA
at NAV
1 Yr. %14.98
3 Yr. %6.52
5 Yr. %11.19
10 Yr. %7.30
Since inception*N/A
Inception date09-18-1990
Gross/Net Exp %1.35/1.35
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %8.37
3 Yr. %4.45
5 Yr. %9.89
10 Yr. %6.67
Since inception*N/A
Inception date09-18-1990
Gross/Net Exp %1.35/1.35
Average Annual Total Returns
ClassB
at NAV
1 Yr. %14.02
3 Yr. %5.66
5 Yr. %10.31
10 Yr. %6.93
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.16/2.16
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %10.02
3 Yr. %4.76
5 Yr. %10.04
10 Yr. %6.93
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %2.16/2.16
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %15.33
3 Yr. %6.85
5 Yr. %N/A
10 Yr. %N/A
Since inception*10.47
Inception date04-01-2013
Gross/Net Exp %1.05/1.05
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %15.43
3 Yr. %6.99
5 Yr. %N/A
10 Yr. %N/A
Since inception*10.67
Inception date04-01-2013
Gross/Net Exp %0.91/0.91

*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
American Financial Group, Inc.2.3%
Fox Factory Holding Corp.2.1%
Centene Corporation2.0%
Orbital ATK, Inc.1.9%
Trinseo SA1.8%
Sterling Bancorp1.8%
A.O. Smith Corporation1.7%
AptarGroup, Inc.1.6%
Integra LifeSciences Holdings Corp.1.5%
Hill-Rom Holdings, Inc.1.4%
Total18.0%

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 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 0.81% 0.81% 0.81% 0.81%
Distribution and Service (12b-1) Fees 0.30% 1.00% None None
Other Expenses 0.23% 0.34% 0.23% 0.09%
Acquired Fund Fees and Expenses
0.01% 0.01% 0.01% 0.01%
 Total Annual Fund Operating Expenses 1.35%   2.16%  1.05% 0.91% 

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.

Steven Hill

Steven S Hill

Steven S. Hill serves as Portfolio Manager of the Special Situations Fund and Co-Portfolio Manager of the Opportunity Fund.  He has served as Portfolio Manager of the Special Situations Funds since September 2013 and has served as either Portfolio Manager or Co-Portfolio Manager of the Opportunity Fund since 2004.  Mr. Hill also serves as Portfolio Manager and Co-Portfolio Manager for other First Investors Funds and joined FIMCO in 2002 as an analyst.

Arun Sharma

Arun Sharma

Arun Sharma has worked with Mr. Hill as the Assistant Portfolio Manager of the Special Situations Fund since 2014 and also serves as an Assistant Portfolio Manager of another First Investors Fund.  Mr. Sharma joined FIMCO in 2011 as an equity analyst.  Prior to joining FIMCO, Mr. Sharma was a research analyst at UBS Investment Bank (2005-2011).

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. 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

The market risk associated with small- and mid-cap stocks is generally greater than that associated with large-cap stocks because such stocks tend to experience sharper price fluctuations than large-cap stocks. The additional volatility associated with small- to mid-cap stocks is attributable to a number of factors, including the fact that the earnings of small- to mid-size companies tend to be less predictable than those of larger, more established companies. Small- to mid-cap stocks are also not as broadly traded as stocks of companies with larger market caps. At times, it may be difficult for the Funds to sell small- to mid-cap stocks at reasonable prices.

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 seeking significant growth of capital,
  • Want exposure to investments in small-size companies,
  • Are willing to accept a high 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:

Exchange-Traded Funds Risk.  The risks of investing in ETFs typically reflect the risks of the instruments in which the ETF invests.  In addition, because ETFs are investment companies, the Fund will bear its proportionate share of the fees and expenses of an investment in an ETF. As a result, the Fund’s expenses may be higher and performance may be lower.

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.  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.

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.

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

Undervalued Security Risk.  The Fund seeks to invest in stocks 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. 

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