First Investors Opportunity Fund
Opportunity To Grow
The Opportunity Fund seeks long-term capital growth.
Investor Profile: This Fund can be used to diversify your portfolio and give it a growth component. It may be appropriate for investors who are seeking significant growth of capital, want exposure to investments in mid- and small-size companies, have a long-term investment outlook and a high tolerance for risk.
Focus: The Fund primarily invests in common stocks of mid- and small-size companies that offer the potential for substantial long-term growth. In selecting stocks, the Fund will look for companies that have one or more of the following: a strong balance sheet; experienced management; above-average earnings growth potential; and stocks that are attractively priced. The Fund may continue to hold stocks of mid- and small-size companies that grow into large companies and may also invest opportunistically in stocks of larger companies.
Portfolio Composition as of June 30, 2010
Sector Breakdown
| Sector | Pct. of Total Net Assets |
|---|---|
| Consumer Discretiona | 18.1% |
| Financials | 16.1% |
| Information Technolo | 15.6% |
| Health Care | 13.5% |
| Industrials | 12.5% |
| Materials | 7.7% |
| Energy | 6.4% |
| Utilities | 5.0% |
| Consumer Staples | 3.3% |
| Telecommunications Servic | 1.0% |
| Cash Equivalents | 1.0% |
| Total | 100.2% |
This information is for illustrative purposes only and includes only invested cash; therefore, the sum of all sectors as a percentage of net assets may not equal 100%.
Top Ten Holdings
| Security | Pct. of Total Net Assets |
|---|---|
| Mettler-Toledo International, Inc. | 1.9% |
| Warner Chilcott PLC - Class "A" | 1.9% |
| Baldor Electric Company | 1.5% |
| Agrium, Inc. | 1.4% |
| Ameriprise Financial, Inc. | 1.4% |
| Tupperware Brands Corporation | 1.4% |
| Sirona Dental Systems, Inc. | 1.4% |
| TRW Automotive Holdings Corp. | 1.3% |
| Laboratory Corporation of America Holdings | 1.3% |
| Wisconsin Energy Corporation | 1.3% |
| Total | 14.8% |
This information is solely for illustrative purposes. The portfolio as of the date of this report may or may not be the same as the portfolio on the date this material is used.
Performance
Class A (Inception August 24, 1992)
| Average Annual Total returns | ||||||
|---|---|---|---|---|---|---|
| Latest Month August 31, 2010 |
Latest Quarter June 30, 2010 |
|||||
| 1 yr | 5 yrs | 10 yrs | 1 yr | 5 yrs | 10 yrs | |
| At NAV | 6.40% | -1.70% | -0.01% | 16.83% | -0.70% | 0.71% |
| With sales charge | 0.29% | -2.86% | -0.60% | 10.12% | -1.87% | 0.12% |
Class B (Inception January 12, 1995)
| Average Annual Total returns | ||||||
|---|---|---|---|---|---|---|
| Latest Month August 31, 2010 |
Latest Quarter June 30, 2010 |
|||||
| 1 yr | 5 yrs | 10 yrs | 1 yr | 5 yrs | 10 yrs | |
| At NAV | 5.67% | -2.39% | -0.47% | 16.04% | -1.40% | 0.17% |
| With sales charge | 1.67% | -2.70% | -0.47% | 12.04% | -1.71% | 0.17% |
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Performance of Class A shares will differ from Class B shares because each class is sold pursuant to different sales arrangements and bears different expenses. Redemptions of Class B shares may be subject to a deferred sales charge.
Fees and Expenses
| Class A | Class B | |
|---|---|---|
| Max sales charge | 5.75% * | None |
| Max deferred sales charge | None ** | 4.00% *** |
| Total Annual Fund Operating Expenses | 1.58% | 2.28% |
* Due to rounding of numbers in calculating a sales charge, you may pay more or less than what is shown above.
** A CDSC of 1.00% will be assessed on certain redemptions of Class A shares that are purchased without a sales charge.
*** 4.00% in the first year, declining to 0% after the sixth year. Class B shares convert to Class A shares after eight years.
How to Obtain a Prospectus: Download or
For more complete information on any First Investors fund, you may obtain a free prospectus by contacting your registered representative, calling (800) 423-4026, or writing to the following address: First Investors Corporation, 110 Wall Street, New York, NY 10005. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund, and should be read carefully before you invest or send money. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Portfolio Management: Steven S. Hill serves as the Co-Portfolio Manager of the Opportunity Fund. Mr. Hill joined FIMCO in 2002 as an equity analyst. Prior to joining FIMCO, Mr. Hill was employed by UBS Warburg, LLC (1999-2001) where he was a Director in their healthcare group and worked primarily on mergers and acquisitions. Prior to that, Mr. Hill was an investment banker for HSBC Securities (USA) Inc. (1996-1999).
Edwin D. Miska, Director of Equities, serves as the Portfolio Manager of the First Investors Growth & Income Fund, as well as Co-Portfolio Manager of the Total Return Fund and the First Investors Opportunity Fund. Prior to joining First Investors Management Company, Inc. ("FIMCO") in 2002, Mr. Miska was a Senior Portfolio Manager and Managing Director of Evergreen Investment Management Corporation.
A Word About Risk
The market risk associated with small- and mid-cap stocks is generally greater than that associated with large-cap stocks because such stocks tend to experience sharper price fluctuations than large-cap stocks. The additional volatility associated with small- to mid-cap stocks is attributable to a number of factors, including the fact that the earnings of small- to mid-size companies tend to be less predictable than those of larger, more established companies. Small- to mid-cap stocks are also not as broadly traded as stocks of companies with larger market caps. At times, it may be difficult for the Funds to sell small- to mid-cap stocks at reasonable prices.
