First Investors Tax Exempt MA A
110 Wall Street New York NY 10005
Map
Phone: 800-423-4026
| Category: | Muni Massachusetts | | Fund Family: | First Investors | | Net Assets: | 23.59M | | Year-to-Date Return: | 0.74% | | Yield: | 4.10% | | Morningstar Rating: |  | | Fund Inception Date: | 02-Jan-87 |
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Clark D. Wagner
Lead Manager since
01-Jul-91 | | | Wagner is chief investment officer at First Investors Management Company, his employer since 1991. Previously, he spent three years as a vice president with General Electric Investment Corporation, and two years as a senior trader with American Express Company. He also worked at National Westminster Bank USA. Wagner is a member of the Municipal Forum of New York and the Municipal Bond Buyers Conference. He is a contributor to the Handbook of Municipal Bonds. |
| Min Initial Investment: | $1,000 | | Min Initial Investment, IRA: | $500 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $0 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $50 |
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| The investment seeks high interest income that is exempt from both federal and state income tax. The fund primarily invests in municipal securities that pay interest that is exempt from federal income tax, the federal AMT, and any applicable income tax for individual residents of a particular state. It may invest significantly in municipal securities that are issued by U.S. commonwealths, possessions or territories. The fund generally invests in long-term bonds with maturities of fifteen years or more and may also invest in derivative securities. |
| Last Dividend
(31-Jul-08):
| 0.04 | | Last Cap Gain
(30-Nov-07):
| 0.03 | | Annual Holdings Turnover
| 40.00% | | Average for Category:
| 25.92% |
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| Expense | FIMAX | Category
Avg | | Total Expense Ratio: | 0.75%
| 1.17% | | Max 12b1 Fee: | 0.30%
| N/A | | Max Front End Sales Load: | 5.75%
| 4.13% | | Max Deferred Sales Load: | 0.00%
| 2.72% | | 3 Yr Expense Projection*: |
$868 | $629 | | 5 Yr Expense Projection*: |
$1,106 | $907 | | 10 Yr Expense Projection*: |
$1,788 | $1,687 |
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