11.90 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 11.90
Category Muni Massachusetts
Net Assets 225,876.00
Yield 2.78%
Morningstar Risk Average
Morningstar Return Below Average
  • Last NAV update 4/15/2014 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. The fund invests at least 80% of net assets (plus any borrowings for investment purposes) 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. It generally invests only in high quality municipal securities.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return -0.41% 10.40% 6.22% -5.13% 4.67%
Value ($) 9,959.21 10,995.27 11,678.79 11,080.01 11,597.19
  • Year to date performance as of 4/15/2014 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 0.98%
3 Months 3.11%
1 Year -1.39%
3 Years* 4.96%
5 Years* 4.47%
  • * Annualized returns
  • Performance as of 4/15/2014 12:00 AM ET
PEER COMPARISON
  FIMGX Muni Massachusetts
5-Yr Return 4.47% 5.36%
Sharpe Ratio 0.88 -0.25
Net Assets 225,876.00 115.09 Mil
Avg Market Cap NA NA
Avg P/E NA NA
Portfolio Turnover 52 16
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 1.99%
Fixed Income 98.01%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
Massachusetts St Sch Bldg Auth 5% 7.17%
Massachusetts St Go Bds 5.5% 5.36%
Springfield Mass Wtr & Swr Com Rev 5.75% 5.24%
Massachusetts St Dev Fin Agy R Rev 5.75% 5.20%
Massachusetts St Dev Fin Agy R Rev 5.6% 4.99%
Massachusetts Bay Transn Auth 5% 4.97%
Massachusetts St Health & Edl Rev B 5.5% 4.96%
Massachusetts St Wtr Res Auth 5% 4.86%
Massachusetts St Health & Edl Rev 5.375% 4.79%
Massachusetts St Transn Fd Rev Rev Bd 5% 4.76%
DATA PROVIDERS

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