Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

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 Tax Exempt Minnesota Fund

FIMNX |

-

$14 M

-

1.12%

Vitals

YTD Return

N/A

1 yr return

-0.1%

3 Yr Avg Return

0.8%

5 Yr Avg Return

2.2%

Net Assets

$14 M

Holdings in Top 10

41.3%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load 4.00%

Deferred Load 1.00%

TRADING FEES

Turnover 24.00%

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 Tax Exempt Minnesota Fund

FIMNX |

-

$14 M

-

1.12%

FIMNX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Investors Tax Exempt Minnesota Fund
  • Fund Family Name
    First Investors
  • Inception Date
    Jan 02, 1987
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Clark D. Wagner

Fund Description

FIMNX - Performance

Return Ranking - Trailing

Period FIMNX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -3.2% 7.6% N/A
1 Yr -0.1% -6.4% 8.5% N/A
3 Yr 0.8%* -2.3% 3.6% N/A
5 Yr 2.2%* -1.3% 1.7% N/A
10 Yr 3.8%* -1.1% 4.2% N/A

* Annualized

Return Ranking - Calendar

Period FIMNX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -7.2% 11.0% N/A
2022 N/A -10.1% 6.8% N/A
2021 N/A -4.9% 0.0% N/A
2020 N/A -5.6% 1.8% N/A
2019 N/A -34.8% 15.6% N/A

Total Return Ranking - Trailing

Period FIMNX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -3.2% 7.6% N/A
1 Yr -4.1% -6.4% 8.5% N/A
3 Yr -0.5%* -2.3% 3.6% N/A
5 Yr 1.3%* -1.3% 4.4% N/A
10 Yr 3.3%* -1.1% 5.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FIMNX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -7.2% 11.0% N/A
2022 N/A -10.1% 6.9% N/A
2021 N/A -4.9% 1.0% N/A
2020 N/A -5.6% 4.0% N/A
2019 N/A -34.8% 16.3% N/A

FIMNX - Holdings

Concentration Analysis

FIMNX Category Low Category High FIMNX % Rank
Net Assets 14 M 6.28 M 20.6 B N/A
Number of Holdings 38 31 4231 N/A
Net Assets in Top 10 7.5 M -4.71 M 2.92 B N/A
Weighting of Top 10 41.27% 2.5% 58.7% N/A

Top 10 Holdings

  1. MINNESOTA ST 5% 5.99%
  2. UNIVERSITY MINN 5% 4.64%
  3. MINNESOTA ST COLLEGES & UNIV 5% 4.44%
  4. MINNESOTA AGRIC & ECONOMIC DEV BRD 5% 4.28%
  5. MOUNDS VIEW MINN INDPT SCH DIST NO 621 4% 4.23%
  6. BRAINERD MINN INDPT SCH DIST NO 181 4% 4.22%
  7. FAIRMONT MINN INDPT SCH DIST NO 2752 5% 3.89%
  8. ROCHESTER MINN 5% 3.35%
  9. WESTERN MINN MUN PWR AGY MINN 5% 3.12%
  10. ST PAUL MINN PORT AUTH 5% 3.11%

Asset Allocation

Weighting Return Low Return High FIMNX % Rank
Bonds 		95.15% -0.60% 103.72% N/A
Cash 		4.85% -3.73% 93.39% N/A
Stocks 		0.00% 0.00% 0.32% N/A
Preferred Stocks 		0.00% 0.00% 0.00% N/A
Other 		0.00% -2.39% 8.43% N/A
Convertible Bonds 		0.00% 0.00% 0.00% N/A

Bond Sector Breakdown

Weighting Return Low Return High FIMNX % Rank
Municipal 		95.15% 0.00% 103.73% N/A
Cash & Equivalents 		4.85% -3.73% 93.39% N/A
Derivative 		0.00% -0.20% 0.00% N/A
Securitized 		0.00% 0.00% 0.00% N/A
Corporate 		0.00% 0.00% 4.72% N/A
Government 		0.00% -17.97% 1.02% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FIMNX % Rank
US 		95.15% -0.60% 102.38% N/A
Non US 		0.00% 0.00% 22.38% N/A

FIMNX - Expenses

Operational Fees

FIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.09% 2.58% N/A
Management Fee 0.60% 0.08% 1.30% N/A
12b-1 Fee 0.30% 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

FIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 1.00% 5.75% N/A
Deferred Load 1.00% 0.50% 5.00% N/A

Trading Fees

FIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

FIMNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 3.32% 293.00% N/A

FIMNX - Distributions

Dividend Yield Analysis

FIMNX Category Low Category High FIMNX % Rank
Dividend Yield 0.00% 0.00% 2.83% N/A

Dividend Distribution Analysis

FIMNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FIMNX Category Low Category High FIMNX % Rank
Net Income Ratio 3.28% -0.21% 4.62% N/A

Capital Gain Distribution Analysis

FIMNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

Distributions History

View More +

FIMNX - Fund Manager Analysis

Managers

Clark D. Wagner

Start Date

Tenure

Tenure Rank

Jul 01, 1991

27.44

27.4%

Clark D. Wagner is the Chief Investment Officer of FIMCO and served as President of FIMCO from 2016-2018 and also served as Director of Fixed Income from 2001-2016. He has served as the Portfolio Manager since 1995. He also serves as Co-Portfolio Manager . He also serves as a Portfolio Manager and Co-Portfolio Manager for certain other First Investors Funds and has been a Portfolio Manager with FIMCO since 1991.

Patrick M. Tucci

Start Date

Tenure

Tenure Rank

May 13, 2016

2.55

2.6%

Patrick Tucci joined FIMCO in 2016 as Co-Portfolio Manager for the Tax Exempt Funds. Prior to FIMCO, Patrick was the President and Founder of Harbor Hills Investment Management Co which focused on portfolio management and financial planning. He has previously been a Portfolio Manager and Trader fir tax exempt bond funds at Dexia Credit Local and MBIA Capital Management Corp. Patrick joined the financial markets in 1993. Patrick received a Bachelor of Business Administration degree in Finance from Villanova University and he is a CFA Chartholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.75 28.92 11.47 16.51

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.