First Investors Tax Exempt Inc Instl

The investment seeks a high level of interest income that is exempt from federal income tax and is not a tax preference item for purposes of the federal alternative minimum tax.
The fund invests at least 80% of net assets (plus any borrowings for investment purposes) in municipal securities that pay interest that is exempt from federal income tax, including the AMT. It generally invests only in high quality municipal securities. Typically, the securities purchased by the fund have maturities of fifteen years or more.

Key stats

Management firm  First Investors
Domicile  United States
Fund Administrator  First Investors Management Company, Inc
Global Branding Name  First Investors
12 month yield  3.96%
Fund currency  USD
Launch Date  2013-05-01
ISIN  US3206048874
SEDOL  B6TJPH1
Manager 1 Name  Clark Wagner
Fund Strategy  Muni National Interm
Benchmark  BofAML Municipal Master TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-09-30
Return - 1 Month  0.24%
Return - 2 Months  1.40 %
Return - 3 Months  1.75%
Return - 6 Months  4.45 %
Return - 9 months  7.91 %
Return - 12 Months  7.99%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  2.03%
Return YTD  7.91%

Ratings

Morning Star Rating Date   2014-09-30
Morning Star Rating - 36 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 60 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - 120 Months  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating
Morning Star Rating - Overall  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating

Charges

Initial  0.00 %
Minimum Investment  $2,000,000
Maximum Managment Charge  0.60 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  First Investors Life Insurance
Contact Address 2  95 Wall Street
Contact Address 3  New York, NY, 10005
Contact city  New York
Contact country  United States
Fund Admin Group  First Investors
Web Address  www.firstinvestors.com
Custodian  Bank of New York Mellon Corp
Phone  1 (800) 423-4026

Price

Last Price Date  2014-10-17
Pre-tax nav  10.11
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.02
Price change (percentage)  -0.20 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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