First Investors Value Fund
The Value Fund seeks total return.
Investor Profile: This Fund can be used as a core holding around which you can build your portfolio. It may be appropriate for investors who are seeking total return, have a long-term investment outlook and tolerance for a moderate level of risk.
Focus: In selecting undervalued stocks, the Fund first identifies companies that pay dividends. The Fund then looks for companies that meet one or more quantitative standards that indicate they may be undervalued, such as low price-to-earnings ratios or low price-to-cash flow ratios. The Fund also analyzes qualitative issues, such as whether the managements of the companies are pursuing reasonable strategies.
The Fund normally will invest its assets among dividend-paying stocks of large-, mid- and small-cap companies. The Fund may also invest in stocks of companies of any size that do not pay dividends if they appear to be undervalued.
Portfolio Composition as of June 30, 2010
Sector Breakdown
| Sector | Pct. of Total Net Assets |
|---|---|
| Consumer Staples | 18.5% |
| Financials | 15.4% |
| Industrials | 12.0% |
| Consumer Discretiona | 11.9% |
| Information Technolo | 9.8% |
| Health Care | 8.6% |
| Energy | 7.7% |
| Materials | 5.4% |
| Utilities | 4.7% |
| Telecommunications Servic | 4.4% |
| Cash Equivalents | 1.7% |
| Total | 100.1% |
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 |
|---|---|
| Johnson & Johnson | 1.9% |
| Verizon Communications, Inc. | 1.7% |
| Wal-Mart Stores, Inc. | 1.6% |
| Abbott Laboratories | 1.6% |
| Kraft Foods, Inc. - Class "A" | 1.5% |
| PepsiCo, Inc. | 1.5% |
| Coca-Cola Company | 1.5% |
| Kimberly-Clark Corporation | 1.4% |
| AT&T, Inc. | 1.3% |
| Walt Disney Co. | 1.3% |
| Total | 15.3% |
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 February 22, 1993)
| 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 | 4.83% | -0.47% | -1.38% | 11.85% | -0.58% | -1.53% |
| With sales charge | -1.27% | -1.65% | -1.96% | 5.49% | -1.76% | -2.11% |
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 | 3.99% | -1.18% | -1.96% | 10.85% | -1.29% | -2.10% |
| With sales charge | -0.01% | -1.56% | -1.96% | 6.85% | -1.67% | -2.10% |
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 | 1.48% | 2.18% |
* 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: Matthew S. Wright serves as Portfolio Manager of the Blue Chip Fund and the Value Fund. Mr. Wright also serves as Portfolio Manager of the Life Series Blue Chip Fund and the Life Series Value Fund. Mr. Wright joined FIMCO in February 1996 as an Equity Analyst.
