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DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 12.11
Category Muni Massachusetts
Net Assets 243,177.00
Yield 2.70%
Morningstar Risk Average
Morningstar Return Below Average
  • Last NAV update 8/22/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks a high level of interest income that is exempt from both federal and state income tax for individual residents of the state of Massachusetts; it also seeks income that is not a tax preference item for purposes of the federal alternative minimum tax. Under normal circumstances, at least 80% of the fund's net assets (plus any borrowings for investment purposes) will be invested in municipal securities that pay interest that is exempt from federal income tax, including the AMT, and any applicable state income tax for individual residents of the state of Massachusetts.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return -0.41% 10.40% 6.22% -5.13% 7.52%
Value ($) 9,959.21 10,995.27 11,678.79 11,080.01 11,913.33
  • Year to date performance as of 8/22/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family First Investors
Fund Manager Clark Wagner
Tenure (Years) 23
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment 500.00
Front Load 0.00
Expense Ratio 1.79%
PERFORMANCE
Symbol Value ($)
1 Month 0.90%
3 Months 1.35%
1 Year 10.46%
3 Years* 3.67%
5 Years* 4.19%
  • * Annualized returns
  • Performance as of 8/22/2014 12:00 AM ET
PEER COMPARISON
  FIMGX Muni Massachusetts
5-Yr Return 4.19% 4.82%
Sharpe Ratio 0.79 1.46
Net Assets 243,177.00 115.09 Mil
Avg Market Cap NA NA
Avg P/E NA NA
Portfolio Turnover 52 17
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 0.47%
Fixed Income 99.53%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
Massachusetts St Go Bds 5.5% 5.82%
Springfield Mass Wtr & Swr Com Rev 5.75% 5.30%
Massachusetts St Dev Fin Agy R Rev 5.75% 5.27%
Massachusetts St Health & Edl Rev B 5.5% 5.21%
Massachusetts St Dev Fin Agy R Rev 5.6% 5.20%
Massachusetts St Wtr Res Auth 5% 5.14%
Massachusetts St Sch Bldg Auth 5% 5.11%
Massachusetts Bay Transn Auth 5% 5.08%
Massachusetts St College Bldg Proj 5% 5.06%
Massachusetts St Transn Fd Rev Rev Bd 5% 5.04%
DATA PROVIDERS

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