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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 Tax Exempt New Jersey Fund

FINKX |

-

$48.6 M

-

1.83%

Vitals

YTD Return

3.2%

1 yr return

4.7%

3 Yr Avg Return

1.5%

5 Yr Avg Return

2.1%

Net Assets

$48.6 M

Holdings in Top 10

36.0%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.83%

SALES FEES

Front Load N/A

Deferred Load 4.00%

TRADING FEES

Turnover 30.00%

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 New Jersey Fund

FINKX |

-

$48.6 M

-

1.83%

FINKX - Profile

Distributions

  • YTD Total Return 3.2%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Investors Tax Exempt New Jersey 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
    Clark D. Wagner

Fund Description

FINKX - Performance

Return Ranking - Trailing

Period FINKX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -3.5% 8.2% 73.56%
1 Yr 4.7% -5.8% 7.5% 76.57%
3 Yr 1.5%* -2.2% 2.6% 88.19%
5 Yr 2.1%* -1.1% 2.3% 91.86%
10 Yr 3.0%* -1.1% 3.6% 90.89%

* Annualized

Return Ranking - Calendar

Period FINKX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.0% -7.2% 11.0% 87.95%
2022 0.6% -10.1% 6.8% 75.99%
2021 -2.7% -4.9% 0.0% 39.92%
2020 -1.5% -5.6% 1.8% 91.66%
2019 4.9% -34.8% 15.6% 65.90%

Total Return Ranking - Trailing

Period FINKX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.2% -3.5% 8.2% 73.69%
1 Yr 0.7% -5.8% 7.5% 76.95%
3 Yr 0.5%* -2.2% 2.6% 90.37%
5 Yr 1.7%* -1.1% 4.3% 94.49%
10 Yr 3.0%* -1.1% 5.6% 92.41%

* Annualized

Total Return Ranking - Calendar

Period FINKX Return Category Return Low Category Return High Rank in Category (%)
2023 -3.0% -7.2% 11.0% 88.97%
2022 0.6% -10.1% 6.9% 78.05%
2021 -2.7% -4.9% 1.0% 45.19%
2020 -1.5% -5.6% 4.0% 92.43%
2019 4.9% -34.8% 16.3% 67.52%

FINKX - Holdings

Concentration Analysis

FINKX Category Low Category High FINKX % Rank
Net Assets 48.6 M 6.42 M 20.6 B 95.66%
Number of Holdings 50 31 4231 95.66%
Net Assets in Top 10 17.4 M 261 K 2.92 B 91.70%
Weighting of Top 10 36.04% 2.5% 57.1% 8.81%

Top 10 Holdings

  1. NEW JERSEY ST EDL FACS AUTH REV 5% 6.38%
  2. NEWARK N J HSG AUTH HSG REV 6.75% 4.30%
  3. HUDSON CNTY N J 4% 4.16%
  4. CAPE MAY CNTY N J INDL POLLUTN CTL FING AUTH REV 6.8% 3.73%
  5. NEW JERSEY ST TPK AUTH TPK REV 5% 3.40%
  6. NEW JERSEY ST HSG & MTG FIN AGY REV 4% 3.36%
  7. PORT AUTH N Y & N J 5% 3.04%
  8. ESSEX CNTY N J IMPT AUTH REV 5.5% 2.63%
  9. GARDEN ST N J PRESERVATION TR OPEN SPACE & FARMLAND PRESERVATION 5.75% 2.55%
  10. DELAWARE RIV PORT AUTH PA & NJ REV 5% 2.48%

Asset Allocation

Weighting Return Low Return High FINKX % Rank
Bonds 		100.90% -0.60% 102.82% 5.87%
Stocks 		0.00% 0.00% 0.28% 93.87%
Preferred Stocks 		0.00% 0.00% 0.00% 93.87%
Other 		0.00% -2.22% 8.43% 88.63%
Convertible Bonds 		0.00% 0.00% 0.00% 93.87%
Cash 		-0.90% -2.82% 92.17% 94.64%

Bond Sector Breakdown

Weighting Return Low Return High FINKX % Rank
Municipal 		100.90% 0.00% 103.29% 6.77%
Derivative 		0.00% -0.20% 0.00% 93.74%
Securitized 		0.00% 0.00% 0.00% 93.87%
Corporate 		0.00% 0.00% 4.72% 95.02%
Government 		0.00% -12.23% 5.93% 89.78%
Cash & Equivalents 		-0.90% -2.82% 92.17% 94.64%

Bond Geographic Breakdown

Weighting Return Low Return High FINKX % Rank
US 		99.24% -0.60% 102.38% 24.52%
Non US 		1.66% 0.00% 22.25% 41.51%

FINKX - Expenses

Operational Fees

FINKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.83% 0.09% 2.11% 2.81%
Management Fee 0.50% 0.08% 1.30% 79.31%
12b-1 Fee 1.00% 0.00% 1.00% 97.61%
Administrative Fee N/A 0.00% 0.33% N/A

Sales Fees

FINKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 4.00% 0.50% 5.00% 7.78%

Trading Fees

FINKX 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.

FINKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 3.00% 293.00% 82.30%

FINKX - Distributions

Dividend Yield Analysis

FINKX Category Low Category High FINKX % Rank
Dividend Yield 0.00% 0.00% 3.06% 69.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FINKX Category Low Category High FINKX % Rank
Net Income Ratio 2.85% -0.21% 4.62% 46.62%

Capital Gain Distribution Analysis

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

Distributions History

View More +

FINKX - Fund Manager Analysis

Managers

Clark D. Wagner

Start Date

Tenure

Tenure Rank

Jul 01, 1991

27.93

27.9%

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

3.05

3.1%

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.

Joseph Gulli

Start Date

Tenure

Tenure Rank

Dec 07, 2018

0.48

0.5%

Joseph Gulli, 55, joined Green Square Boston in October 2016 as a partner and head of credit research, ensuring that the management team for the funds and the separately managed accounts remains intact. Prior to this recent move, Joe had joined Oppenheimer Asset Management in November 2014 and has worked in asset management since 1992. Throughout his career, Joe has concentrated primarily on high yield and investment grade tax exempts, including analysis and restructurings. Joe brings expertise in both high yield and investment grade tax exempts, as well distressed credits and restructurings. Joe is responsible for a wide range of sector and credit analysis, continuing surveillance of credits, and buy and sell recommendations. Prior to starting at OAM, Joe was at Lord Abbett & Co. for seven years, most recently as Partner and Director of Municipal Bond Research at Management. Prior to Lord Abbett, Joe worked for SMC Fixed Income Management for one year after working as a tax-exempt analyst for 14 years at Merrill Lynch Investment Managers. Joe earned his Bachelor’s degree at Rider University in accounting and finance.

Timothy Pynchon

Start Date

Tenure

Tenure Rank

Dec 07, 2018

0.48

0.5%

Timothy Pynchon, 59, founded Green Square Boston in October 2016. Although no longer an Oppenheimer Asset Management employee, Tim continues to manage the funds and separately managed accounts, working under a long-term sub advisory contract for Oppenheimer. Prior to this recent move, Tim joined Oppenheimer Asset Management in June 2013 and has worked in asset management since 1982.Throughout his career, Tim has been responsible for investments in municipal bond portfolios and select taxable fixed income strategies. Within tax-exempt, he has focused primarily on high yield investments and has served as a portfolio manager, underwriter, analyst and restructuring specialist. Previously, Tim worked at Pioneer investment Management since 2000 as a Senior Vice President , first as a senior analyst and then as a Portfolio Manager for both open-end and closed-end funds. Tim developed the high yield tax-exempt strategy for Pioneer. Prior to Pioneer, he underwrote high yield tax-exempt health care issues for three years as a Managing Director at Commerce Capital Markets and served as a high yield analyst and restructuring specialist at Eaton Vance Management for the seven years prior to Commerce Capital Markets.Tim earned his Bachelor’s degree at Hamilton College and his M.B.A. from the Johnson Graduate School of Management at Cornell University. He also earned the Chartered Financial Analyst designation from the CFA Institute and is a member of both the CFA institute and the CFA Society of Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 39.77 9.01 1.5

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