Mutual Fund Insights: First Investors Tax Exempt NJ A Fund (FINJX)

In-depth Analysis of First Investors Tax Exempt NJ A Fund (FINJX)

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See First Investors Tax Exempt NJ A Fund (FINJX) performance details as of January 31, 2010

  

Last Trade: $13.06 on 3/17/2010, Change: -0.01 (-0.08%)

  

Fund Manager - Clark D. Wagner

Fund Manager Tenure: 18.7 years   [Similar Funds: FINKX ]
Fundmojo Fund Grade: B (Score: 0.65)     (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 NJ A Fund (FINJX)

Data for First Investors Tax Exempt NJ A Fund (FINJX) as of January 31, 2010

• First Investors Tax Exempt NJ A Fund (FINJX) management has been with First Investors Tax Exempt NJ A Fund for 18.7 years
• First Investors Tax Exempt NJ A Fund (FINJX) has good mid-term performance (3-year return 4.86% vs 2.92% Muni New Jersey category average)
• First Investors Tax Exempt NJ A Fund (FINJX) has good Long-term performance (5-year return 3.86% vs 3.24% Muni New Jersey category average)
• First Investors Tax Exempt NJ A Fund (FINJX) ratio of up-years vs down years is greater than 2
• First Investors Tax Exempt NJ A Fund (FINJX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.94, lower than category average of 7.29
• First Investors Tax Exempt NJ A Fund (FINJX) has a lower management fee than its Muni New Jersey average: 1.01% vs 1.02%

  

 What we are cautious about First Investors Tax Exempt NJ A Fund (FINJX)

Data for First Investors Tax Exempt NJ A Fund (FINJX) as of January 31, 2010

• First Investors Tax Exempt NJ A Fund is a focused fund with 38.62% 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 NJ A Fund (FINJX) has a less-than-ideal short-term performance (1-year return 8.58% vs 12.62% Muni New Jersey category average)
• First Investors Tax Exempt NJ A Fund (FINJX) has a Morningstar rating of 3 and below
• First Investors Tax Exempt NJ A Fund (FINJX) has an annual stock turnover rate of 37.00% that is higher than the Muni New Jersey average of 21.12%. This could mean First Investors Tax Exempt NJ A is more nimble, but also signal potential high tax impact and high trading fees
• First Investors Tax Exempt NJ A Fund (FINJX) carries a 5.75% load

See First Investors Tax Exempt NJ A Fund (FINJX) performance details as of January 31, 2010

  

  

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First Investors Tax Exempt NJ A Fund (FINJX) Net Asset

Track net asset change of First Investors Tax Exempt NJ A fund (FINJX)

Date	Net Asset
01/2010	$52.37M
11/2009	$52.31M
10/2009	$52.16M

More historic net asset information on First Investors Tax Exempt NJ A Fund (FINJX)

  

First Investors Tax Exempt NJ A Fund (FINJX) Portfolio Allocation

Track portfolio allocation change of First Investors Tax Exempt NJ A fund (FINJX)

Date	Cash	Stock	Bond	Other
09/2009	1.14%	0%	98.86%	0%
06/2009	1.3%	0%	98.7%	0%
03/2009	0.85%	0%	99.15%	0%

Click here to see more historic asset allocation information on First Investors Tax Exempt NJ A Fund (FINJX)

  

Most Recent Top 10 Holdings in First Investors Tax Exempt NJ A Fund (FINJX)

Discover what First Investors Tax Exempt NJ A Fund (FINJX) manager is buying

30-Sep-09 Atlantic Cnty N J Impt Auth 7.4% [5.52%] New Jersey St Hsg & Mtg Fin Ag Si 6.375% [5.08%] Newark N J Hsg Auth 6.75% [4.16%] Puerto Rico Sales Tax Fing Cor Rev 5.75% [3.93%] Atlantic City N J Brd Ed Ref Bds 6.1% [3.91%] New Jersey Health Care Facs Fi Rev 5.25% [3.87%] Cape May Cnty N J Indl Pollutn Poll 6.8% [3.78%] New Jersey Health Care Facs Fi Rev Bd 6% [3.12%] Cumberland Cnty N J Impt Auth 5.125% [3.01%] Garden St N J Preservation Tr Open 5.75% [2.4%]

30-Jun-09 Atlantic Cnty N J Impt Auth 7.4% [5.81%] New Jersey St Hsg & Mtg Fin Ag Si 6.375% [5.24%] Atlantic City N J Brd Ed Ref Bds 6.1% [4.04%] New Jersey Health Care Facs Fi Rev 5.25% [3.92%] Cape May Cnty N J Indl Pollutn Poll 6.8% [3.73%] PUERTO RICO SALES TAX FING COR REV BDS [3.7%] New Jersey Health Care Facs Fi Rev Bd 6% [3.28%] Cumberland Cnty N J Impt Auth 5.125% [3.04%] Jersey City N J Gen Impt 5% [3%] Passaic Valley N J Sew Commrs Swr 5.625% [2.47%]

31-Mar-09 Atlantic Cnty N J Impt Auth 7.4% [5.81%] New Jersey St Hsg & Mtg Fin Ag Si 6.375% [5.07%] Port Auth 5% [4.25%] Atlantic City N J Brd Ed Ref Bds 6.1% [3.99%] Hudson Cnty N J Impt Auth 5% [3.91%] Cape May Cnty N J Brdg Commn G Rev Bd 5% [3.82%] New Jersey Health Care Facs Fi Rev 5.25% [3.79%] Cape May Cnty N J Indl Pollutn Poll 6.8% [3.63%] New Jersey Health Care Facs Fi Rev Bd 6% [3.27%] Jersey City N J Gen Impt 5% [2.96%]

Click here for Stock Holding Change Map in First Investors Tax Exempt NJ A Fund (FINJX)

  

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See more information on First Investors Tax Exempt NJ A Fund (FINJX)

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