Mutual Fund Insights: First Investors Tax Exempt MA B Fund (FIMGX)

In-depth Analysis of First Investors Tax Exempt MA B Fund (FIMGX)

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See First Investors Tax Exempt MA B Fund (FIMGX) performance details as of January 31, 2010

  

Last Trade: $11.72 on 3/18/2010, Change: 0.00 (0%)

  

Fund Manager - Clark D. Wagner

Fund Manager Tenure: 18.7 years   [Similar Funds: FIMAX ]
Fundmojo Fund Grade: C (Score: 0.59)     (What does this score mean?)

Wagner is the director of Fixed Income and has served as the Portfolio Manager of the Government Fund since 1995. He also serves as Portfolio Manager and Co-Portfolio Manager for certain other First Investors Funds and has been a Portfolio Manager with FIMCO since 1991. Previously, Wagner 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.  Get more insights on Clark D. Wagner

  

 What we like about First Investors Tax Exempt MA B Fund (FIMGX)

Data for First Investors Tax Exempt MA B Fund (FIMGX) as of January 31, 2010

• First Investors Tax Exempt MA B Fund (FIMGX) management has been with First Investors Tax Exempt MA B Fund for 18.7 years
• First Investors Tax Exempt MA B Fund (FIMGX) has good mid-term performance (3-year return 3.50% vs 3.11% Muni Massachusetts category average)
• First Investors Tax Exempt MA B Fund (FIMGX) ratio of up-years vs down years is greater than 2
• First Investors Tax Exempt MA B Fund (FIMGX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.64, lower than category average of 7.27

  

 What we are cautious about First Investors Tax Exempt MA B Fund (FIMGX)

Data for First Investors Tax Exempt MA B Fund (FIMGX) as of January 31, 2010

• First Investors Tax Exempt MA B Fund is a focused fund with 42.50% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• First Investors Tax Exempt MA B Fund (FIMGX) has a less-than-ideal short-term performance (1-year return 8.32% vs 11.40% Muni Massachusetts category average)
• First Investors Tax Exempt MA B Fund (FIMGX) has a less-than-ideal Long-term performance (5-year return 2.70% vs 3.30% Muni Massachusetts category average)
• First Investors Tax Exempt MA B Fund (FIMGX) has a Morningstar rating of 3 and below
• First Investors Tax Exempt MA B Fund (FIMGX) is less safe compared to its Muni Massachusetts peers
• First Investors Tax Exempt MA B Fund (FIMGX) has an annual stock turnover rate of 39.00% that is higher than the Muni Massachusetts average of 18.77%. This could mean First Investors Tax Exempt MA B is more nimble, but also signal potential high tax impact and high trading fees
• First Investors Tax Exempt MA B Fund (FIMGX) has a higher management fee of 1.74% than its Muni Massachusetts average of 1.07%
• First Investors Tax Exempt MA B Fund (FIMGX) carries a 4% load

See First Investors Tax Exempt MA B Fund (FIMGX) performance details as of January 31, 2010

  

  

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First Investors Tax Exempt MA B Fund (FIMGX) Net Asset

Track net asset change of First Investors Tax Exempt MA B fund (FIMGX)

Date	Net Asset
01/2010	$1.16M
11/2009	$1.29M
10/2009	$1.29M

More historic net asset information on First Investors Tax Exempt MA B Fund (FIMGX)

  

First Investors Tax Exempt MA B Fund (FIMGX) Portfolio Allocation

Track portfolio allocation change of First Investors Tax Exempt MA B fund (FIMGX)

Date	Cash	Stock	Bond	Other
09/2009	0.86%	0%	99.14%	0%
06/2009	1.77%	0%	98.23%	0%
03/2009	1.06%	0%	98.94%	0%

Click here to see more historic asset allocation information on First Investors Tax Exempt MA B Fund (FIMGX)

  

Most Recent Top 10 Holdings in First Investors Tax Exempt MA B Fund (FIMGX)

Discover what First Investors Tax Exempt MA B Fund (FIMGX) manager is buying

30-Sep-09 Massachusetts St Go Bds 5.5% [4.85%] Massachusetts Bay Transn Auth 5% [4.55%] Springfield Mass Wtr & Swr Com Rev 5.75% [4.5%] Massachusetts St Health & Edl Rev B 5.5% [4.37%] Holyoke Mass Gas & Elec Dept R Ga 5.375% [4.31%] Massachusetts St Dev Fin Agy R Rev 5.75% [4.29%] Massachusetts Bay Transn Auth 5% [4.28%] Massachusetts Edl Fing Auth 6% [4.18%] Boston Mass Conv Ctr Spl Obl Rev Bds 5% [4.18%] Puerto Rico Sales Tax Fing Cor Rev 5.75% [4.16%]

30-Jun-09 Holyoke Mass Gas & Elec Dept R Ga 5.375% [5.76%] Univ Mass Bldg Auth 6.875% [4.81%] Quaboag Mass Regl Sch Dist 5.5% [4.74%] Massachusetts St Go Bds 5.5% [4.4%] Springfield Mass Wtr & Swr Com Rev 5.75% [4.31%] Massachusetts St Health & Edl Rev B 5.5% [4.22%] Boston Mass Conv Ctr Spl Obl Rev Bds 5% [4.21%] Massachusetts Bay Transn Auth 5% [4.12%] Massachusetts Bay Transn Auth 5% [4.11%] MASSACHUSETTS ST DEV FIN AGY R REV BDS [4.11%]

31-Mar-09 Holyoke Mass Gas & Elec Dept R Ga 5.375% [5.84%] Univ Mass Bldg Auth 6.875% [4.93%] Quaboag Mass Regl Sch Dist 5.5% [4.85%] Massachusetts St Go Bds 5.5% [4.37%] Springfield Mass Wtr & Swr Com Rev 5.75% [4.32%] Boston Mass Conv Ctr Spl Obl Rev Bds 5% [4.28%] Massachusetts St Health & Edl Rev B 5.5% [4.25%] Worcester Mass Ltd Go Bd 5.5% [4.12%] Massachusetts Bay Transn Auth 5% [4.11%] MASSACHUSETTS ST DEV FIN AGY R REV BDS [4.09%]

Click here for Stock Holding Change Map in First Investors Tax Exempt MA B Fund (FIMGX)

  

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See more information on First Investors Tax Exempt MA B Fund (FIMGX)

• First Investors Tax Exempt MA B Fund Insights
• First Investors Tax Exempt MA B Fund Performance Data
• First Investors Tax Exempt MA B Fund News
• First Investors Tax Exempt MA B Fund Score Explaination
• First Investors Tax Exempt MA B Fund Manager Information
• Historic First Investors Tax Exempt MA B Fund Asset Allocation Report
• Historic First Investors Tax Exempt MA B Fund Top 10 Holding Tracking
• Historic First Investors Tax Exempt MA B Fund Asset Under Management Tracking