First Investors Tax Exempt Opportunities Fund

Scorecard
3 / 5 Stars
Lipper
4 4 2 1 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
2 / 5 Stars
TheStreet.com
C (Hold)

#32 in Muni National Long

U.S. News evaluated 59 Muni National Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned -2.07 percent over the past year, 6.18 percent over the past three years, 5.84 percent over the past five years, and 4.52 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 4.0%
1 Year -2.1%
3 Years (Annualized) 6.2%
5 Years (Annualized) 5.8%
10 Years (Annualized) 4.5%

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Summary

The investment seeks a high level of interest income that is exempt from federal income tax and is not a tax preference item for purposes of the federal alternative minimum tax ("AMT") and, secondarily, total return. 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. It generally invests only in high quality municipal securities. Typically, the securities purchased by the fund have maturities of fifteen years or more at the time of purchase.

Fees

Fees are Above Average compared to funds in the same category.
First Investors Tax Exempt Opportunities Fund has an expense ratio of 1.00 percent.

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Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

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