Skip to content Skip to footer site map

Total Return Fund

Investment Advisor: Foresters Investment Management Company, Inc. (“FIMCO”) is the Fund’s investment adviser and Muzinich serves as the subadviser to a portion of the Fund.

Portfolio Managers:  Rajeev Sharma and Sean Reidy

Investment Objective and Strategy

The Fund seeks high, long-term total investment return consistent with moderate investment risk.

Asset Allocation (%)

As of 09-30-2018

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 Equity Holdings (%)

As of 09-30-2018
Top Equity Holdings (%)
Security% of Total Net Assets
JPMorgan Chase & Co.1.6%
Microsoft Corp.1.4%
Apple, Inc.1.3%
Thermo Fisher Scientific, Inc.1.3%
Johnson & Johnson1.2%
Pfizer, Inc.1.2%
Cisco Systems, Inc.1.1%
Wells Fargo & Co.0.9%
United Technologies Corp.0.9%
Marathon Petroleum Corp.0.9%
Total11.8%

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.

Top Fixed Income Holdings (%)

As of 09-30-2018
Top Fixed Income Holdings (%)
Security% of Total Net Assets
U.S. Treasury Bonds, 3.125%, 08/15/20441.6%
Fannie Mae, 4.000%, 2040-20471.2%
Fannie Mae, 4.500%, 2040-20481.1%
Federal Home Loan Mortgage Corp., 3.725%, 12/25/20270.9%
Fannie Mae, 3.500%, 2028-20480.9%
Morgan Stanley, 5.500%, 07/28/20210.6%
Federal Home Loan Mortgage Corp., 3.500%, 2026-20440.6%
Andeavor Logistics, LP, 5.250%, 01/15/20250.6%
Wells Fargo & Co., 3.450%, 02/13/20230.5%
Corning, Inc., 7.250%, 08/15/20360.5%
Total8.5%

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.

Returns as of 11-30-2018 09-30-2018
Gross/Net Exp as of 09-30-2017 Gross/Net Exp as of 09-30-2017
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 NAV5.327.255.767.65N/A04-24-19901.19/1.19
w/ sales charge-0.725.154.517.01N/A04-24-19901.19/1.19
Bat NAV4.526.444.947.05N/A01-12-19951.93/1.93
w/ sales charge0.525.554.617.05N/A01-12-19951.93/1.93
Advisorat NAV5.697.636.11N/A6.6404-01-20130.80/0.80
Institutionalat NAV5.777.716.18N/A6.7304-01-20130.77/0.77
Average Annual Total Returns
ClassA
at NAV
1 Yr. %5.32
3 Yr. %7.25
5 Yr. %5.76
10 Yr. %7.65
Since inception*N/A
Inception date04-24-1990
Gross/Net Exp %1.19/1.19
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %-0.72
3 Yr. %5.15
5 Yr. %4.51
10 Yr. %7.01
Since inception*N/A
Inception date04-24-1990
Gross/Net Exp %1.19/1.19
Average Annual Total Returns
ClassB
at NAV
1 Yr. %4.52
3 Yr. %6.44
5 Yr. %4.94
10 Yr. %7.05
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.93/1.93
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %0.52
3 Yr. %5.55
5 Yr. %4.61
10 Yr. %7.05
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.93/1.93
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %5.69
3 Yr. %7.63
5 Yr. %6.11
10 Yr. %N/A
Since inception*6.64
Inception date04-01-2013
Gross/Net Exp %0.80/0.80
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %5.77
3 Yr. %7.71
5 Yr. %6.18
10 Yr. %N/A
Since inception*6.73
Inception date04-01-2013
Gross/Net Exp %0.77/0.77
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 NAV-1.894.423.978.84N/A04-24-19901.19/1.19
w/ sales charge-7.522.372.758.19N/A04-24-19901.19/1.19
Bat NAV-2.613.633.188.21N/A01-12-19951.93/1.93
w/ sales charge-6.412.692.828.21N/A01-12-19951.93/1.93
Advisorat NAV-1.514.794.33N/A5.7204-01-20130.80/0.80
Institutionalat NAV-1.464.854.41N/A5.8104-01-20130.77/0.77
Average Annual Total Returns
ClassA
at NAV
1 Yr. %-1.89
3 Yr. %4.42
5 Yr. %3.97
10 Yr. %8.84
Since inception*N/A
Inception date04-24-1990
Gross/Net Exp %1.19/1.19
Average Annual Total Returns
ClassA
w/ sales charge
1 Yr. %-7.52
3 Yr. %2.37
5 Yr. %2.75
10 Yr. %8.19
Since inception*N/A
Inception date04-24-1990
Gross/Net Exp %1.19/1.19
Average Annual Total Returns
ClassB
at NAV
1 Yr. %-2.61
3 Yr. %3.63
5 Yr. %3.18
10 Yr. %8.21
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.93/1.93
Average Annual Total Returns
ClassB
w/ sales charge
1 Yr. %-6.41
3 Yr. %2.69
5 Yr. %2.82
10 Yr. %8.21
Since inception*N/A
Inception date01-12-1995
Gross/Net Exp %1.93/1.93
Average Annual Total Returns
ClassAdvisor
at NAV
1 Yr. %-1.51
3 Yr. %4.79
5 Yr. %4.33
10 Yr. %N/A
Since inception*5.72
Inception date04-01-2013
Gross/Net Exp %0.80/0.80
Average Annual Total Returns
ClassInstitutional
at NAV
1 Yr. %-1.46
3 Yr. %4.85
5 Yr. %4.41
10 Yr. %N/A
Since inception*5.81
Inception date04-01-2013
Gross/Net Exp %0.77/0.77

*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 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.


Annual Performance before Sales Charge (%)

All distributions reinvested
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 YTD 2018
A Shares -21.06 20.61 11.96 3.57 12.91 20.15 5.60 -1.96 6.32 11.65 1.13
S&P 500 Index -37.00 26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96 21.83 10.56
ICE BofA ML US Corp, Gov't & Mort Index 6.20 5.24 6.43 7.89 4.42 -2.34 6.37 0.58 2.61 3.63 -1.62
Annual Performance before Sales Charge (%)
A Shares
2008 -21.06
2009 20.61
2010 11.96
2011 3.57
2012 12.91
2013 20.15
2014 5.60
2015 -1.96
2016 6.32
2017 11.65
YTD 2018 1.13
Annual Performance before Sales Charge (%)
S&P 500 Index
2008 -37.00
2009 26.46
2010 15.06
2011 2.11
2012 16.00
2013 32.39
2014 13.69
2015 1.38
2016 11.96
2017 21.83
YTD 2018 10.56
Annual Performance before Sales Charge (%)
ICE BofA ML US Corp, Gov't & Mort Index
2008 6.20
2009 5.24
2010 6.43
2011 7.89
2012 4.42
2013 -2.34
2014 6.37
2015 0.58
2016 2.61
2017 3.63
YTD 2018 -1.62

Asset Allocation (%)

As of 09-30-2018

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 Equity Holdings (%)

As of 09-30-2018
Top Equity Holdings (%)
Security% of Total Net Assets
JPMorgan Chase & Co.1.6%
Microsoft Corp.1.4%
Apple, Inc.1.3%
Thermo Fisher Scientific, Inc.1.3%
Johnson & Johnson1.2%
Pfizer, Inc.1.2%
Cisco Systems, Inc.1.1%
Wells Fargo & Co.0.9%
United Technologies Corp.0.9%
Marathon Petroleum Corp.0.9%
Total11.8%

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.

Top Fixed Income Holdings (%)

As of 09-30-2018
Top Fixed Income Holdings (%)
Security% of Total Net Assets
U.S. Treasury Bonds, 3.125%, 08/15/20441.6%
Fannie Mae, 4.000%, 2040-20471.2%
Fannie Mae, 4.500%, 2040-20481.1%
Federal Home Loan Mortgage Corp., 3.725%, 12/25/20270.9%
Fannie Mae, 3.500%, 2028-20480.9%
Morgan Stanley, 5.500%, 07/28/20210.6%
Federal Home Loan Mortgage Corp., 3.500%, 2026-20440.6%
Andeavor Logistics, LP, 5.250%, 01/15/20250.6%
Wells Fargo & Co., 3.450%, 02/13/20230.5%
Corning, Inc., 7.250%, 08/15/20360.5%
Total8.5%

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.

Risk Measure 3 Year

As of 09/30/2018
3 Year *
Alpha** -3.48
Beta** 0.63
R-Squared** 90.19
Sharpe Ratio 1.03
Standard Deviation 6.05
* Calculations measured against Class A shares
** Measured against the Fund's benchmark
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 0.69% 0.69% 0.69% 0.69%
Distribution and Service (12b-1) Fees 0.30% 1.00% None None
Other Expenses 0.20% 0.24% 0.11% 0.08%
Total Annual Fund Operating Expenses 1.19% 1.93% 0.80% 0.77%

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.

Rajeev Sharma

Rajeev Sharma

The Fund assets managed by FIMCO are managed primarily by Rajeev Sharma, Director of Fixed Income, and Sean Reidy, Interim Co-Director of Equities.  Mr. Sharma has served as portfolio manager of the Fund since 2017 and Mr. Reidy has served as portfolio manager of the Fund since March 2018.  The portion of the Fund managed by Muzinich is managed primarily by Clinton Comeaux and Bryan Petermann, Portfolio Managers at Muzinich, since 2018.


 

Sean Reidy

Sean Reidy

The Fund assets managed by FIMCO are managed primarily by Rajeev Sharma, Director of Fixed Income, and Sean Reidy, Interim Co-Director of Equities.  Mr. Sharma has served as portfolio manager of the Fund since 2017 and Mr. Reidy has served as portfolio manager of the Fund since March 2018.  The portion of the Fund managed by Muzinich is managed primarily by Clinton Comeaux and Bryan Petermann, Portfolio Managers at Muzinich, since 2018.

 

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. 

Here are the principal risks of investing in the Fund:

Allocation Risk.  The Fund may allocate assets to investment classes that underperform other classes.  For example, the Fund may be overweighted in stocks when the stock market is falling and the bond market is rising.

Credit Risk.  A debt issuer may become unable or unwilling to pay interest or principal when due.  The prices of debt securities are affected by the credit quality of the issuer and, in the case of mortgage-backed and other asset-backed securities, the credit quality of the underlying loans.  Securities issued by U.S. Government-sponsored enterprises are supported only by the credit of the issuing entity.

Derivatives Risk.  Investments in U.S. Treasury futures and options on U.S. Treasury futures to hedge against changes in interest rates involve risks, such as potential losses if interest rates do not move as expected and the potential for greater losses than if these techniques had not been used.  Investments in derivatives can increase the volatility of the Fund’s share price and may expose it to significant additional costs.  Derivatives may be difficult to sell, unwind, or value.

Exchange-Traded Funds Risk.  The risks of investing in an ETF typically reflect the risks of the types of 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.

High Yield Securities Risk.  High yield debt securities (commonly known as “junk bonds”) have greater credit risk than higher quality debt securities because their issuers may not be as financially strong.  High yield securities are inherently speculative due to the risk associated with the issuer’s ability to make principal and interest payments.  During times of economic stress, high yield securities issuers may be unable to access credit to refinance their bonds or meet their credit obligations.

Interest Rate Risk.  In general, when interest rates rise, the market value of a debt security declines, and when interest rates decline, the market value of a debt security increases.  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.  Securities with longer maturities and durations are generally more sensitive to interest rate changes.

Market Risk.  Stock prices may decline over short or even extended periods due to general economic and market conditions, adverse political or regulatory developments or interest rate fluctuations.  Similarly, bond prices fluctuate in value with changes in interest rates, the economy and circumstances directly involving 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.  Certain investments may be difficult or impossible to sell at a favorable time or price when the Fund requires liquidity to make 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 to sell mid-to-small-size company stocks at reasonable prices.

Prepayment and Extension Risk.  When interest rates decline, borrowers tend to refinance their loans and the loans that back mortgage-backed and other asset-backed securities suffer a higher rate of prepayment.  This could cause a decrease in the Fund’s income and share price.  Conversely, when interest rates rise, borrowers tend to repay their loans less quickly, which will generally increase both the Fund’s sensitivity to rising interest rates and its potential for price declines.

Security Selection Risk.  Securities selected by the portfolio manager may perform differently than the overall market or may not meet expectations. 

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.