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High yield allocations added to state-specific tax exempt funds

  • Dec 07, 2018
Foresters Financial Services, Inc.

Effective December 7, 2018, Foresters Investment Management Company, Inc., (FIMCO), the investment adviser for First Investors Funds, is making a number of changes to help improve the overall competitiveness of several vehicles in our mutual fund family.

To this end, FIMCO has hired Green Square Asset Management, LLC, an experienced specialist in the management of high yield municipal bonds, to subadvise high yield sleeves in the First Investors California Tax Exempt Fund, First Investors New Jersey Tax Exempt Fund, First Investors New York Tax Exempt Fund and the First Investors Oregon Tax Exempt Fund. Clark Wagner and Patrick Tucci, co-Portfolio Managers for Tax Exempt Funds, will oversee the amount of each Fund's high yield allocation. The Funds are expected to maintain their overall investment grade credit ratings. These represent FIMCO’s remaining state-specific tax exempt funds following a reorganization, scheduled to occur on December 14, of several other single-state funds into our First Investors Tax Exempt Opportunities Fund.

As always, our goal is to provide you with investment solutions that may help you achieve your financial objectives.

All investments involve risk, including possible loss of principal. You can lose money by investing in a fund. There is no guarantee that the Fund’s investment objective will be achieved. The principal risks of investing in the Fund are: Call Risk, Concentration Risk, Credit Risk, Derivatives Risk, High Yield Securities Risk, Interest Rate Risk, Liquidity Risk, Market Risk, Municipal Securities Risk, Security Selection Risk and Tax Risk. Past performance is no guarantee of future results.

For more information about First Investors Funds from Foresters Financial Services, Inc., you may obtain a free prospectus by calling 800 423 4026 or visiting our website at You should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. The prospectus contains this and other information about the funds, and should be read carefully before you invest or send money. An investment in these funds is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. .

Foresters FinancialTM and ForestersTM are the trade names and trademarks of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9 and its subsidiaries, including Foresters Financial Services, Inc. Foresters Financial Services, a registered broker-dealer and subsidiary of Foresters Financial Holding Company, Inc. Securities, life insurance and annuity products are offered through Foresters Financial Services, Inc. Insurance products are issued by Foresters Life Insurance and Annuity Company, New York, or The Independent Order of Foresters.

Foresters Financial Services, Inc. is a member of the Securities Investor Protection Corporation.

Foresters Financial Services, Inc.
40 Wall Street
New York, NY 10005
800 423 4026


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