First Investors Tax Exempt NY B
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.5%
1 yr return
5.0%
3 Yr Avg Return
1.4%
5 Yr Avg Return
2.1%
Net Assets
$158 M
Holdings in Top 10
27.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.74%
SALES FEES
Front Load N/A
Deferred Load 4.00%
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FNYGX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 0.5%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.96%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Investors Tax Exempt New York Fund
-
Fund Family NameFirst Investors
-
Inception DateJan 12, 1995
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerClark D. Wagner
Fund Description
FNYGX - Performance
Return Ranking - Trailing
Period | FNYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -3.5% | 8.2% | 47.89% |
1 Yr | 5.0% | -5.8% | 7.5% | 65.69% |
3 Yr | 1.4%* | -2.2% | 2.6% | 94.35% |
5 Yr | 2.1%* | -1.1% | 2.3% | 96.46% |
10 Yr | 3.1%* | -1.1% | 3.6% | 86.34% |
* Annualized
Return Ranking - Calendar
Period | FNYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.2% | -7.2% | 11.0% | 93.33% |
2022 | -0.3% | -10.1% | 6.8% | 90.12% |
2021 | -3.3% | -4.9% | 0.0% | 80.23% |
2020 | -0.9% | -5.6% | 1.8% | 81.39% |
2019 | 5.1% | -34.8% | 15.6% | 62.38% |
Total Return Ranking - Trailing
Period | FNYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -3.5% | 8.2% | 48.91% |
1 Yr | 1.0% | -5.8% | 7.5% | 66.84% |
3 Yr | 0.5%* | -2.2% | 2.6% | 96.02% |
5 Yr | 1.7%* | -1.1% | 4.3% | 97.51% |
10 Yr | 3.1%* | -1.1% | 5.6% | 90.22% |
* Annualized
Total Return Ranking - Calendar
Period | FNYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.2% | -7.2% | 11.0% | 94.10% |
2022 | -0.3% | -10.1% | 6.9% | 90.50% |
2021 | -3.3% | -4.9% | 1.0% | 85.49% |
2020 | -0.9% | -5.6% | 4.0% | 83.83% |
2019 | 5.1% | -34.8% | 16.3% | 64.01% |
FNYGX - Holdings
Concentration Analysis
FNYGX | Category Low | Category High | FNYGX % Rank | |
---|---|---|---|---|
Net Assets | 158 M | 6.42 M | 20.6 B | 68.84% |
Number of Holdings | 93 | 31 | 4231 | 75.48% |
Net Assets in Top 10 | 43.5 M | 261 K | 2.92 B | 55.56% |
Weighting of Top 10 | 27.48% | 2.5% | 57.1% | 22.61% |
Top 10 Holdings
- NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% 3.75%
- PORT AUTH N Y & N J 5% 3.66%
- UTILITY DEBT SECURITIZATION AUTH N Y 5% 2.99%
- SARATOGA CNTY N Y CAP RESOURCE CORP REV 5% 2.63%
- NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5% 2.61%
- METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5% 2.60%
- LONG IS PWR AUTH N Y ELEC SYS REV 5% 2.35%
- NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT 5.5% 2.32%
- NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 2.28%
- NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5% 2.28%
Asset Allocation
Weighting | Return Low | Return High | FNYGX % Rank | |
---|---|---|---|---|
Bonds | 98.74% | -0.60% | 102.82% | 59.77% |
Cash | 1.26% | -2.82% | 92.17% | 38.70% |
Stocks | 0.00% | 0.00% | 0.28% | 16.09% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 14.56% |
Other | 0.00% | -2.22% | 8.43% | 24.01% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 14.56% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FNYGX % Rank | |
---|---|---|---|---|
Municipal | 98.74% | 0.00% | 103.29% | 61.56% |
Cash & Equivalents | 1.26% | -2.82% | 92.17% | 37.55% |
Derivative | 0.00% | -0.20% | 0.00% | 14.56% |
Securitized | 0.00% | 0.00% | 0.00% | 14.56% |
Corporate | 0.00% | 0.00% | 4.72% | 21.71% |
Government | 0.00% | -12.23% | 5.93% | 15.45% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FNYGX % Rank | |
---|---|---|---|---|
US | 97.31% | -0.60% | 102.38% | 53.00% |
Non US | 1.43% | 0.00% | 22.25% | 45.72% |
FNYGX - Expenses
Operational Fees
FNYGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.74% | 0.09% | 2.11% | 5.75% |
Management Fee | 0.50% | 0.08% | 1.30% | 65.64% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 80.20% |
Administrative Fee | N/A | 0.00% | 0.33% | N/A |
Sales Fees
FNYGX 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% | 3.89% |
Trading Fees
FNYGX 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.
FNYGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 28.00% | 3.00% | 293.00% | 79.84% |
FNYGX - Distributions
Dividend Yield Analysis
FNYGX | Category Low | Category High | FNYGX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.06% | 65.77% |
Dividend Distribution Analysis
FNYGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FNYGX | Category Low | Category High | FNYGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.96% | -0.21% | 4.62% | 38.57% |
Capital Gain Distribution Analysis
FNYGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2019 | $0.028 | |
Mar 05, 2019 | $0.028 | |
Feb 05, 2019 | $0.026 | |
Jan 05, 2019 | $0.029 | |
Dec 05, 2018 | $0.030 | |
Nov 05, 2018 | $0.029 | |
Sep 05, 2018 | $0.029 | |
Aug 06, 2018 | $0.030 | |
Jul 05, 2018 | $0.030 | |
Jun 05, 2018 | $0.030 | |
May 04, 2018 | $0.029 | |
Apr 05, 2018 | $0.030 | |
Mar 05, 2018 | $0.033 | |
Feb 05, 2018 | $0.030 | |
Jan 05, 2018 | $0.032 | |
Dec 05, 2017 | $0.029 | |
Nov 06, 2017 | $0.032 | |
Oct 05, 2017 | $0.032 | |
Sep 05, 2017 | $0.031 | |
Aug 04, 2017 | $0.031 | |
Jul 05, 2017 | $0.031 | |
Jun 05, 2017 | $0.036 | |
May 05, 2017 | $0.036 | |
Apr 05, 2017 | $0.036 | |
Mar 06, 2017 | $0.036 | |
Feb 06, 2017 | $0.036 | |
Jan 05, 2017 | $0.036 | |
Dec 05, 2016 | $0.036 | |
Nov 04, 2016 | $0.036 | |
Oct 05, 2016 | $0.036 | |
Sep 06, 2016 | $0.036 | |
Aug 05, 2016 | $0.036 | |
Jul 05, 2016 | $0.036 | |
Jun 06, 2016 | $0.036 | |
May 05, 2016 | $0.036 | |
Apr 04, 2016 | $0.036 | |
Mar 04, 2016 | $0.036 | |
Feb 05, 2016 | $0.036 | |
Jan 05, 2016 | $0.036 | |
Dec 04, 2015 | $0.036 | |
Nov 05, 2015 | $0.036 | |
Oct 05, 2015 | $0.036 | |
Sep 04, 2015 | $0.036 | |
Aug 05, 2015 | $0.036 | |
Jul 06, 2015 | $0.036 | |
Jun 05, 2015 | $0.036 | |
May 05, 2015 | $0.036 | |
Apr 06, 2015 | $0.036 | |
Mar 05, 2015 | $0.036 | |
Feb 05, 2015 | $0.036 | |
Jan 05, 2015 | $0.036 | |
Dec 05, 2014 | $0.036 | |
Nov 05, 2014 | $0.036 | |
Oct 06, 2014 | $0.036 | |
Sep 05, 2014 | $0.036 | |
Aug 05, 2014 | $0.036 | |
Jul 07, 2014 | $0.036 | |
Jun 05, 2014 | $0.036 | |
May 05, 2014 | $0.036 | |
Apr 07, 2014 | $0.036 | |
Mar 05, 2014 | $0.035 | |
Feb 05, 2014 | $0.035 | |
Jan 06, 2014 | $0.035 | |
Dec 05, 2013 | $0.035 | |
Nov 05, 2013 | $0.035 | |
Oct 05, 2013 | $0.035 | |
Sep 05, 2013 | $0.035 | |
Aug 05, 2013 | $0.035 | |
Jul 05, 2013 | $0.035 | |
Jun 05, 2013 | $0.035 | |
May 05, 2013 | $0.035 | |
Apr 05, 2013 | $0.035 | |
Mar 05, 2013 | $0.035 | |
Feb 05, 2013 | $0.035 | |
Jan 05, 2013 | $0.035 | |
Dec 05, 2012 | $0.035 | |
Nov 05, 2012 | $0.040 | |
Oct 05, 2012 | $0.040 | |
Sep 05, 2012 | $0.040 | |
Aug 05, 2012 | $0.040 | |
Jul 05, 2012 | $0.040 | |
Jun 05, 2012 | $0.040 | |
May 05, 2012 | $0.040 | |
Apr 05, 2012 | $0.040 | |
Mar 05, 2012 | $0.040 | |
Feb 05, 2012 | $0.040 | |
Jan 05, 2012 | $0.040 | |
Dec 05, 2011 | $0.040 | |
Nov 05, 2011 | $0.040 | |
Oct 05, 2011 | $0.040 | |
Sep 05, 2011 | $0.040 | |
Aug 05, 2011 | $0.040 | |
Jul 05, 2011 | $0.040 | |
Jun 05, 2011 | $0.040 | |
May 05, 2011 | $0.040 | |
Apr 05, 2011 | $0.040 | |
Mar 05, 2011 | $0.040 | |
Feb 05, 2011 | $0.040 | |
Jan 05, 2011 | $0.040 | |
Dec 06, 2010 | $0.040 | |
Nov 05, 2010 | $0.040 | |
Oct 05, 2010 | $0.040 | |
Sep 07, 2010 | $0.040 | |
Aug 05, 2010 | $0.040 | |
Jul 06, 2010 | $0.040 | |
Jun 04, 2010 | $0.040 | |
May 05, 2010 | $0.040 | |
Apr 05, 2010 | $0.040 | |
Mar 05, 2010 | $0.040 | |
Feb 05, 2010 | $0.040 | |
Jan 05, 2010 | $0.040 | |
Dec 04, 2009 | $0.040 | |
Nov 05, 2009 | $0.040 | |
Oct 05, 2009 | $0.040 | |
Sep 04, 2009 | $0.039 | |
Aug 05, 2009 | $0.039 | |
Jul 06, 2009 | $0.039 | |
Jun 05, 2009 | $0.039 | |
May 05, 2009 | $0.038 | |
Apr 06, 2009 | $0.038 | |
Mar 05, 2009 | $0.038 | |
Feb 05, 2009 | $0.038 | |
Jan 05, 2009 | $0.037 | |
Dec 05, 2008 | $0.037 | |
Nov 05, 2008 | $0.037 | |
Oct 05, 2008 | $0.037 | |
Sep 05, 2008 | $0.037 | |
Aug 05, 2008 | $0.037 | |
Jul 07, 2008 | $0.037 | |
Jun 05, 2008 | $0.037 | |
May 05, 2008 | $0.037 | |
Apr 05, 2008 | $0.037 | |
Mar 05, 2008 | $0.037 | |
Feb 05, 2008 | $0.037 | |
Jan 05, 2008 | $0.037 | |
Dec 05, 2007 | $0.037 | |
Nov 05, 2007 | $0.037 | |
Oct 05, 2007 | $0.037 | |
Sep 05, 2007 | $0.037 | |
Aug 05, 2007 | $0.037 | |
Jul 05, 2007 | $0.037 | |
Jun 05, 2007 | $0.037 | |
May 05, 2007 | $0.037 | |
Apr 05, 2007 | $0.037 | |
Mar 05, 2007 | $0.037 | |
Feb 05, 2007 | $0.037 | |
Jan 05, 2007 | $0.036 | |
Dec 05, 2006 | $0.036 | |
Nov 05, 2006 | $0.036 | |
Oct 05, 2006 | $0.036 | |
Sep 05, 2006 | $0.036 | |
Aug 05, 2006 | $0.036 | |
Jul 05, 2006 | $0.036 | |
Jun 05, 2006 | $0.036 | |
May 05, 2006 | $0.036 | |
Apr 03, 2006 | $0.036 | |
Mar 05, 2006 | $0.036 | |
Feb 06, 2006 | $0.035 | |
Dec 05, 2005 | $0.035 | |
Nov 07, 2005 | $0.035 | |
Oct 05, 2005 | $0.035 | |
Sep 06, 2005 | $0.035 | |
Aug 05, 2005 | $0.036 | |
Jul 05, 2005 | $0.036 | |
Jun 06, 2005 | $0.036 | |
May 05, 2005 | $0.036 | |
Apr 05, 2005 | $0.038 | |
Mar 07, 2005 | $0.038 | |
Feb 05, 2005 | $0.038 | |
Jan 05, 2005 | $0.038 | |
Dec 06, 2004 | $0.040 | |
Nov 05, 2004 | $0.040 | |
Oct 05, 2004 | $0.040 | |
Sep 07, 2004 | $0.040 | |
Aug 05, 2004 | $0.040 | |
Jul 06, 2004 | $0.040 | |
Jun 05, 2004 | $0.039 | |
May 05, 2004 | $0.039 | |
Apr 05, 2004 | $0.039 | |
Mar 05, 2004 | $0.039 | |
Feb 05, 2004 | $0.039 | |
Jan 05, 2004 | $0.039 | |
Dec 05, 2003 | $0.039 | |
Nov 05, 2003 | $0.039 | |
Oct 06, 2003 | $0.039 | |
Sep 05, 2003 | $0.039 | |
Aug 05, 2003 | $0.039 | |
Jul 07, 2003 | $0.039 | |
Jun 05, 2003 | $0.039 | |
May 05, 2003 | $0.039 | |
Apr 05, 2003 | $0.042 | |
Mar 05, 2003 | $0.042 | |
Feb 05, 2003 | $0.042 | |
Jan 06, 2003 | $0.042 | |
Dec 05, 2002 | $0.042 | |
Nov 05, 2002 | $0.042 | |
Oct 05, 2002 | $0.042 | |
Sep 05, 2002 | $0.041 | |
Aug 05, 2002 | $0.041 | |
Jul 05, 2002 | $0.041 | |
Jun 05, 2002 | $0.041 | |
May 05, 2002 | $0.041 | |
Apr 05, 2002 | $0.041 | |
Mar 05, 2002 | $0.043 | |
Feb 05, 2002 | $0.043 | |
Jan 10, 2002 | $0.042 | |
Dec 10, 2001 | $0.042 | |
Nov 10, 2001 | $0.042 | |
Oct 10, 2001 | $0.043 | |
Sep 10, 2001 | $0.043 | |
Aug 10, 2001 | $0.043 | |
Jul 10, 2001 | $0.043 | |
Jun 10, 2001 | $0.044 | |
May 10, 2001 | $0.044 | |
Apr 10, 2001 | $0.045 | |
Mar 10, 2001 | $0.045 | |
Feb 10, 2001 | $0.046 | |
Jan 10, 2001 | $0.050 | |
Dec 10, 2000 | $0.050 | |
Nov 10, 2000 | $0.050 | |
Oct 10, 2000 | $0.050 | |
Sep 10, 2000 | $0.050 | |
Aug 10, 2000 | $0.050 | |
Jul 10, 2000 | $0.050 | |
Jun 10, 2000 | $0.050 | |
May 10, 2000 | $0.050 | |
Apr 10, 2000 | $0.050 | |
Mar 10, 2000 | $0.050 | |
Feb 10, 2000 | $0.051 | |
Jan 10, 2000 | $0.051 | |
Dec 10, 1999 | $0.047 | |
Nov 10, 1999 | $0.047 | |
Oct 10, 1999 | $0.048 | |
Sep 10, 1999 | $0.048 | |
Aug 10, 1999 | $0.047 | |
Jul 10, 1999 | $0.045 | |
Jun 10, 1999 | $0.045 | |
May 10, 1999 | $0.045 | |
Apr 10, 1999 | $0.045 | |
Mar 10, 1999 | $0.045 | |
Feb 10, 1999 | $0.045 | |
Jan 10, 1999 | $0.045 | |
Dec 10, 1998 | $0.046 | |
Nov 10, 1998 | $0.046 | |
Oct 10, 1998 | $0.046 | |
Sep 10, 1998 | $0.047 | |
Aug 10, 1998 | $0.047 | |
Jul 10, 1998 | $0.047 | |
Jun 10, 1998 | $0.048 | |
May 10, 1998 | $0.049 | |
Apr 10, 1998 | $0.049 | |
Mar 10, 1998 | $0.049 | |
Feb 10, 1998 | $0.049 | |
Jan 10, 1998 | $0.049 | |
Dec 10, 1997 | $0.049 | |
Nov 10, 1997 | $0.049 | |
Oct 10, 1997 | $0.050 | |
Sep 10, 1997 | $0.051 | |
Aug 10, 1997 | $0.051 | |
Jul 10, 1997 | $0.051 |
FNYGX - 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 |