Mutual Fund Insights: First Investors Tax Exempt NC A Fund (FMTNX)

In-depth Analysis of First Investors Tax Exempt NC A Fund (FMTNX)

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

  

Last Trade: $13.60 on 3/12/2010, Change: +0.01 (0.07%)

  

Fund Manager - Clark D. Wagner

Fund Manager Tenure: 18.7 years   [Similar Funds: FMTQX ]
Fundmojo Fund Grade: B (Score: 0.6)     (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 NC A Fund (FMTNX)

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

• First Investors Tax Exempt NC A Fund (FMTNX) management has been with First Investors Tax Exempt NC A Fund for 18.7 years
• First Investors Tax Exempt NC A Fund (FMTNX) has good short-term performance (1-year return 10.08% vs 7.50% Muni Single State Interm category average)
• First Investors Tax Exempt NC A Fund (FMTNX) has good mid-term performance (3-year return 4.88% vs 3.77% Muni Single State Interm category average)
• First Investors Tax Exempt NC A Fund (FMTNX) has good Long-term performance (5-year return 4.01% vs 3.23% Muni Single State Interm category average)
• First Investors Tax Exempt NC A Fund (FMTNX) ratio of up-years vs down years is greater than 2

  

 What we are cautious about First Investors Tax Exempt NC A Fund (FMTNX)

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

• First Investors Tax Exempt NC A Fund is a focused fund with 40.83% 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 NC A Fund (FMTNX) has a Morningstar rating of 3 and below
• First Investors Tax Exempt NC A Fund (FMTNX) is less safe compared to its Muni Single State Interm peers
• First Investors Tax Exempt NC A Fund (FMTNX) has an annual stock turnover rate of 46.00% that is higher than the Muni Single State Interm average of 25.43%. This could mean First Investors Tax Exempt NC A is more nimble, but also signal potential high tax impact and high trading fees
• First Investors Tax Exempt NC A Fund (FMTNX) is more volatile than its peers as it has a 3-year Standard Deviation of 6.44 that is higher than category average of 5.57
• First Investors Tax Exempt NC A Fund (FMTNX) has a higher management fee of 1.02% than its Muni Single State Interm average of 0.92%
• First Investors Tax Exempt NC A Fund (FMTNX) carries a 5.75% load

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

  

  

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First Investors Tax Exempt NC A Fund (FMTNX) Net Asset

Track net asset change of First Investors Tax Exempt NC A fund (FMTNX)

Date	Net Asset
01/2010	$24.55M
11/2009	$24.12M
10/2009	$24.12M

More historic net asset information on First Investors Tax Exempt NC A Fund (FMTNX)

  

First Investors Tax Exempt NC A Fund (FMTNX) Portfolio Allocation

Track portfolio allocation change of First Investors Tax Exempt NC A fund (FMTNX)

Date	Cash	Stock	Bond	Other
09/2009	1.19%	0%	98.81%	0%
06/2009	1.43%	0%	98.57%	0%
03/2009	0.98%	0%	99.02%	0%

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

  

Most Recent Top 10 Holdings in First Investors Tax Exempt NC A Fund (FMTNX)

Discover what First Investors Tax Exempt NC A Fund (FMTNX) manager is buying

30-Sep-09 Brunswick Cnty N C Entpr Rev Bds 5.25% [4.36%] Lincoln Cnty N C Go Sch Bd 5.5% [4.26%] Salisbury N C Ctfs Partn Cops 5.625% [4.22%] NORTH CAROLINA ST CAP IMPT LTD LTD GO BD [4.13%] Oak Island N C Entpr Sys Rev Bds 6% [4.09%] Concord N C Utils Sys Rev Utilities 5% [4.08%] Cabarrus Cnty N C Ctfs Partn Insta 5.25% [4.07%] Durham Cnty N C Ctfs Partn Cops 5% [4.07%] Univ N C Sys Pool Rev Rev Bds 5% [4.05%] CHARLOTTE N C CTFS PARTN COPS [4.03%]

30-Jun-09 Brunswick Cnty N C Entpr Rev Bds 5.25% [4.31%] Nash Cnty N C Ctfs Partn Cops 5.25% [4.28%] Lincoln Cnty N C Go Sch Bd 5.5% [4.18%] SALISBURY N C CTFS PARTN COPS [4.09%] Charlotte N C Arpt Rev Rev Bds 5.25% [4.04%] NORTH CAROLINA ST CAP IMPT LTD LTD GO BD [4.03%] North Carolina Eastn Mun Pwr A Pwr Sy 6% [4%] Cabarrus Cnty N C Ctfs Partn Insta 5.25% [3.97%] Concord N C Utils Sys Rev Utilities 5% [3.97%] Univ N C Sys Pool Rev Rev Bds 5% [3.95%]

31-Mar-09 Brunswick Cnty N C Entpr Rev Bds 5.25% [4.4%] Nash Cnty N C Ctfs Partn Cops 5.25% [4.38%] Lincoln Cnty N C Go Sch Bd 5.5% [4.22%] Charlotte N C Arpt Rev Rev Bds 5.25% [4.14%] NORTH CAROLINA EASTN MUN PWR A POWER SYS [4.13%] SALISBURY N C CTFS PARTN COPS [4.1%] Asheville N C Wtr Sys Rev Wtr Sys R 5% [4.09%] Univ N C Sys Pool Rev Rev Bds 5% [4.07%] CABARRUS CNTY N C CTFS PARTN INSTALLME [4.04%] Concord N C Utils Sys Rev Utilities 5% [4.01%]

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

  

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See more information on First Investors Tax Exempt NC A Fund (FMTNX)

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