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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Investors Investment Grade Fund

FIIHX |

-

$508 M

-

2.04%

Vitals

YTD Return

5.9%

1 yr return

5.8%

3 Yr Avg Return

1.9%

5 Yr Avg Return

1.7%

Net Assets

$508 M

Holdings in Top 10

12.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.04%

SALES FEES

Front Load N/A

Deferred Load 4.00%

TRADING FEES

Turnover 58.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Investors Investment Grade Fund

FIIHX |

-

$508 M

-

2.04%

FIIHX - Profile

Distributions

  • YTD Total Return 5.9%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Investors Investment Grade Fund
  • Fund Family Name
    First Investors
  • Inception Date
    Jan 12, 1995
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rajeev Sharma

Fund Description

FIIHX - Performance

Return Ranking - Trailing

Period FIIHX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -4.4% 12.9% 60.26%
1 Yr 5.8% -7.1% 9.4% 48.91%
3 Yr 1.9%* -3.0% 2.3% 93.72%
5 Yr 1.7%* -5.1% 2.3% 75.91%
10 Yr 4.6%* -4.8% 3.0% 62.20%

* Annualized

Return Ranking - Calendar

Period FIIHX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.9% -11.7% 2.7% 48.91%
2022 1.1% -2.5% 8.3% 60.54%
2021 1.1% -3.1% 11.6% 75.91%
2020 -4.9% -18.3% 0.0% 47.27%
2019 1.3% -8.4% 12.3% 54.46%

Total Return Ranking - Trailing

Period FIIHX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.9% -4.4% 12.9% 63.76%
1 Yr 1.8% -6.2% 9.4% 53.28%
3 Yr 1.0%* -1.4% 5.9% 98.65%
5 Yr 1.4%* -2.4% 5.2% 91.36%
10 Yr 4.6%* -1.8% 9.0% 81.10%

* Annualized

Total Return Ranking - Calendar

Period FIIHX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.9% -11.7% 3.9% 62.01%
2022 1.1% -2.5% 11.6% 74.44%
2021 1.1% -3.1% 17.7% 80.00%
2020 -4.9% -16.2% 3.7% 60.91%
2019 1.3% -8.0% 17.6% 61.03%

FIIHX - Holdings

Concentration Analysis

FIIHX Category Low Category High FIIHX % Rank
Net Assets 508 M 10.5 M 30.6 B 61.14%
Number of Holdings 363 11 2258 43.67%
Net Assets in Top 10 75.8 M -369 M 4.19 B 55.02%
Weighting of Top 10 12.51% 2.7% 149.5% 66.81%

Top 10 Holdings

  1. Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc 4.7% 1.49%
  2. Dell International L.L.C. and EMC Corporation 4.42% 1.45%
  3. Goldman Sachs Group, Inc. 3.5% 1.38%
  4. JPMorgan Chase & Co. 6.4% 1.26%
  5. Verizon Communications Inc. 4.27% 1.19%
  6. Wells Fargo & Company 3.45% 1.18%
  7. Digital Realty Trust, L.P. 4.75% 1.17%
  8. Brookfield Finance Inc. 4.85% 1.15%
  9. Andeavor Logistics LP /Tesoro Logistics Finance Corp 5.25% 1.13%
  10. United States Treasury Bonds 3% 1.11%

Asset Allocation

Weighting Return Low Return High FIIHX % Rank
Bonds 		97.26% 26.37% 172.46% 24.89%
Cash 		2.75% -83.29% 73.39% 46.72%
Stocks 		0.00% -2.89% 8.28% 40.17%
Preferred Stocks 		0.00% 0.00% 26.16% 53.71%
Other 		0.00% -34.36% 11.33% 30.13%
Convertible Bonds 		0.00% 0.00% 16.92% 89.08%

Bond Sector Breakdown

Weighting Return Low Return High FIIHX % Rank
Corporate 		90.01% 0.00% 100.10% 30.57%
Government 		6.54% -29.13% 54.13% 42.36%
Cash & Equivalents 		2.75% -83.37% 73.39% 43.67%
Securitized 		0.71% 0.00% 115.76% 60.26%
Derivative 		0.00% -5.59% 69.77% 14.41%
Municipal 		0.00% 0.00% 21.09% 52.40%

Bond Geographic Breakdown

Weighting Return Low Return High FIIHX % Rank
US 		90.58% 0.00% 153.23% 14.41%
Non US 		6.68% 0.00% 58.60% 78.60%

FIIHX - Expenses

Operational Fees

FIIHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.04% 0.00% 3.46% 7.42%
Management Fee 0.66% 0.00% 1.70% 87.77%
12b-1 Fee 1.00% 0.00% 1.00% 76.87%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

FIIHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 4.00% 0.00% 5.50% 9.76%

Trading Fees

FIIHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FIIHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 58.00% 0.00% 1209.00% 41.05%

FIIHX - Distributions

Dividend Yield Analysis

FIIHX Category Low Category High FIIHX % Rank
Dividend Yield 0.00% 0.00% 2.63% 2.62%

Dividend Distribution Analysis

FIIHX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FIIHX Category Low Category High FIIHX % Rank
Net Income Ratio 1.93% 0.12% 5.67% 91.70%

Capital Gain Distribution Analysis

FIIHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FIIHX - Fund Manager Analysis

Managers

Rajeev Sharma

Start Date

Tenure

Tenure Rank

Jul 29, 2009

9.84

9.8%

Rajeev Sharma has served as the Co-Portfolio Manager of the Investment Grade Fund since 2009 and also serves as a Co-Portfolio Manager of another First Investors Fund. He has also served as Portfolio Manager. Mr. Sharma joined FIMCO in 2009 and prior to joining FIMCO, Mr. Sharma was a Vice-President and Senior Corporate Credit Analyst at Lazard Asset Management, LLC (2005-2009) and Associate Director, Corporate Ratings at Standard & Poor’s Ratings Services (2002-2005). He was also previously employed as an Electrical Engineer for Lockheed Martin Corporation. Rajeev has his MBA from Cornell University’s Johnson Graduate School of Management, a MSE in Electrical Engineering from University of Pennsylvania and a BSEE in Electrical Engineering from Drexel University. He began working in the investment field in 2001.

Clinton J. Comeaux

Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.33

1.3%

Mr. Comeaux, Portfolio Manager, joined the Muzinich & Co., Inc in 2006. Prior to joining Muzinich, Clint was a research analyst for the high yield and private equity funds at WR Huff Asset Management. Previously, Clint was a Manager at Enron responsible for physical trading in the forest products sector. Clint is also a Chemical Engineer, formerly with PPG Industries. He holds a B.S. in Chemical Engineering, Summa Cum Laude, from Tulane University as well as an M.B.A. from the Leonard N. Stern School of Business at New York University.

Bryan Petermann

Start Date

Tenure

Tenure Rank

Jan 31, 2018

1.33

1.3%

Bryan, Portfolio Manager, joined Muzinich in 2010 from Pinebridge Investments (formerly AIG Investments) where he served as Managing Director, Head of high yield for the last five years of his tenure. Bryan started his career in the banking sector. He worked in the media and cable groups at the Union Bank of California and Banque Paribas. Previously, he participated in the start of Société Générale’s cable and media group. Bryan received a B.A. from the University of California, Los Angeles where he was a Phi Beta Kappa scholar, and an M.B.A. from the University of California, Berkeley

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 23.51 6.16 1.33

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