First Investors Investment Grade A
Name
As of 07/09/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.2%
1 yr return
6.0%
3 Yr Avg Return
8.0%
5 Yr Avg Return
4.6%
Net Assets
$217 M
Holdings in Top 10
13.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load 4.50%
Deferred Load N/A
TRADING FEES
Turnover 241.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 07/09/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FIIGX - Profile
Distributions
- YTD Total Return -3.2%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.06%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDelaware Investment Grade Fund
-
Fund Family NameFirst Investors
-
Inception DateFeb 19, 1991
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Wildstein
Fund Description
FIIGX - Performance
Return Ranking - Trailing
Period | FIIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.2% | -82.0% | 10.7% | 68.07% |
1 Yr | 6.0% | -11.4% | 45.4% | 28.06% |
3 Yr | 8.0%* | -0.8% | 12.2% | 22.74% |
5 Yr | 4.6%* | 1.5% | 8.3% | 63.78% |
10 Yr | 4.6%* | 2.3% | 7.8% | 74.64% |
* Annualized
Return Ranking - Calendar
Period | FIIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -85.3% | 10.6% | 24.15% |
2022 | 5.6% | -44.7% | 19.2% | 70.29% |
2021 | -5.8% | -52.7% | -2.0% | 37.14% |
2020 | 0.8% | -10.1% | 9.5% | 69.44% |
2019 | 1.0% | -0.7% | 35.8% | 93.14% |
Total Return Ranking - Trailing
Period | FIIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.2% | -82.0% | 10.7% | 68.07% |
1 Yr | 1.2% | -14.1% | 42.5% | 76.71% |
3 Yr | 6.3%* | -1.8% | 12.2% | 53.46% |
5 Yr | 3.7%* | 1.1% | 8.3% | 78.62% |
10 Yr | 4.1%* | 2.3% | 7.8% | 84.06% |
* Annualized
Total Return Ranking - Calendar
Period | FIIGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -85.3% | 10.6% | 24.15% |
2022 | 5.6% | -44.7% | 19.2% | 70.20% |
2021 | -5.8% | -23.2% | 92.1% | 48.25% |
2020 | 0.8% | -10.1% | 9.5% | 72.62% |
2019 | 1.0% | -0.7% | 35.8% | 93.71% |
NAV & Total Return History
FIIGX - Holdings
Concentration Analysis
FIIGX | Category Low | Category High | FIIGX % Rank | |
---|---|---|---|---|
Net Assets | 217 M | 7.55 M | 48.4 B | 67.80% |
Number of Holdings | 228 | 1 | 8263 | 45.28% |
Net Assets in Top 10 | 28.5 M | -84.1 M | 3.43 B | 33.90% |
Weighting of Top 10 | 13.08% | 1.4% | 100.0% | 70.63% |
Top 10 Holdings
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
- 10 Year Treasury Note Future Mar 21 5.79%
Asset Allocation
Weighting | Return Low | Return High | FIIGX % Rank | |
---|---|---|---|---|
Bonds | 94.77% | 0.00% | 144.87% | 58.84% |
Convertible Bonds | 5.35% | 0.00% | 74.25% | 12.11% |
Preferred Stocks | 0.74% | 0.00% | 7.75% | 8.96% |
Stocks | 0.00% | 0.00% | 5.87% | 65.62% |
Cash | 0.00% | -51.29% | 100.00% | 82.57% |
Other | -0.86% | -38.92% | 5.10% | 99.52% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FIIGX % Rank | |
---|---|---|---|---|
Corporate | 100.00% | 0.00% | 100.00% | 20.58% |
Derivative | 0.00% | 0.00% | 27.55% | 67.80% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 89.83% |
Securitized | 0.00% | 0.00% | 19.30% | 79.18% |
Municipal | 0.00% | 0.00% | 2.91% | 76.76% |
Government | 0.00% | 0.00% | 31.26% | 80.87% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FIIGX % Rank | |
---|---|---|---|---|
US | 77.95% | 0.00% | 122.90% | 62.71% |
Non US | 16.82% | 0.00% | 49.17% | 33.66% |
FIIGX - Expenses
Operational Fees
FIIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.92% | 0.03% | 3.62% | 14.79% |
Management Fee | 0.50% | 0.00% | 1.35% | 83.97% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.45% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
FIIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.50% | 0.00% | 4.75% | 2.76% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
FIIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FIIGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 241.00% | 0.00% | 349.00% | 96.98% |
FIIGX - Distributions
Dividend Yield Analysis
FIIGX | Category Low | Category High | FIIGX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.35% | 0.00% | 2.41% | 64.89% |
Dividend Distribution Analysis
FIIGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
FIIGX | Category Low | Category High | FIIGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.06% | -1.57% | 7.25% | 83.41% |
Capital Gain Distribution Analysis
FIIGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Semi-Monthly | Semi-Monthly |
Distributions History
Date | Amount | Type |
---|---|---|
Jul 05, 2019 | $0.027 | |
Jun 05, 2019 | $0.026 | |
May 06, 2019 | $0.026 | |
May 05, 2019 | $0.026 | |
Apr 05, 2019 | $0.027 | |
Mar 05, 2019 | $0.028 | |
Feb 05, 2019 | $0.028 | |
Jan 05, 2019 | $0.027 | |
Dec 05, 2018 | $0.028 | |
Nov 05, 2018 | $0.026 | |
Sep 05, 2018 | $0.027 | |
Aug 06, 2018 | $0.027 | |
Jul 05, 2018 | $0.027 | |
Jun 05, 2018 | $0.028 | |
May 04, 2018 | $0.028 | |
Apr 05, 2018 | $0.028 | |
Mar 05, 2018 | $0.027 | |
Feb 05, 2018 | $0.027 | |
Jan 05, 2018 | $0.026 | |
Dec 05, 2017 | $0.027 | |
Nov 06, 2017 | $0.029 | |
Oct 05, 2017 | $0.028 | |
Sep 05, 2017 | $0.028 | |
Aug 04, 2017 | $0.028 | |
Jul 05, 2017 | $0.028 | |
Jun 05, 2017 | $0.028 | |
May 05, 2017 | $0.028 | |
Apr 05, 2017 | $0.028 | |
Mar 06, 2017 | $0.028 | |
Feb 06, 2017 | $0.028 | |
Jan 05, 2017 | $0.028 | |
Dec 05, 2016 | $0.028 | |
Nov 04, 2016 | $0.028 | |
Oct 05, 2016 | $0.028 | |
Sep 06, 2016 | $0.029 | |
Aug 05, 2016 | $0.029 | |
Jul 05, 2016 | $0.029 | |
Jun 06, 2016 | $0.030 | |
May 05, 2016 | $0.030 | |
Apr 04, 2016 | $0.030 | |
Mar 04, 2016 | $0.030 | |
Feb 05, 2016 | $0.030 | |
Jan 05, 2016 | $0.030 | |
Dec 04, 2015 | $0.033 | |
Nov 05, 2015 | $0.033 | |
Oct 05, 2015 | $0.033 | |
Sep 04, 2015 | $0.033 | |
Aug 05, 2015 | $0.033 | |
Jul 06, 2015 | $0.033 | |
Jun 05, 2015 | $0.033 | |
May 05, 2015 | $0.033 | |
Apr 06, 2015 | $0.033 | |
Mar 05, 2015 | $0.033 | |
Feb 05, 2015 | $0.033 | |
Jan 05, 2015 | $0.033 | |
Dec 05, 2014 | $0.033 | |
Nov 05, 2014 | $0.033 | |
Oct 06, 2014 | $0.033 | |
Sep 05, 2014 | $0.033 | |
Aug 05, 2014 | $0.033 | |
Jul 07, 2014 | $0.033 | |
Jun 05, 2014 | $0.033 | |
May 05, 2014 | $0.033 | |
Apr 07, 2014 | $0.033 | |
Mar 05, 2014 | $0.033 | |
Feb 05, 2014 | $0.033 | |
Jan 06, 2014 | $0.032 | |
Dec 05, 2013 | $0.032 | |
Nov 05, 2013 | $0.032 | |
Oct 05, 2013 | $0.032 | |
Sep 05, 2013 | $0.032 | |
Aug 05, 2013 | $0.032 | |
Jul 05, 2013 | $0.032 | |
Jun 05, 2013 | $0.032 | |
May 05, 2013 | $0.032 | |
Apr 05, 2013 | $0.032 | |
Mar 05, 2013 | $0.032 | |
Feb 05, 2013 | $0.032 | |
Jan 05, 2013 | $0.033 | |
Dec 05, 2012 | $0.033 | |
Nov 05, 2012 | $0.033 | |
Oct 05, 2012 | $0.033 | |
Sep 05, 2012 | $0.033 | |
Aug 05, 2012 | $0.033 | |
Jul 05, 2012 | $0.034 | |
Jun 05, 2012 | $0.034 | |
May 05, 2012 | $0.034 | |
Apr 05, 2012 | $0.034 | |
Mar 05, 2012 | $0.034 | |
Feb 05, 2012 | $0.034 | |
Jan 05, 2012 | $0.034 | |
Dec 05, 2011 | $0.036 | |
Nov 05, 2011 | $0.036 | |
Oct 05, 2011 | $0.036 | |
Sep 05, 2011 | $0.036 | |
Aug 05, 2011 | $0.036 | |
Jul 05, 2011 | $0.036 | |
Jun 05, 2011 | $0.036 | |
May 05, 2011 | $0.036 | |
Apr 05, 2011 | $0.036 | |
Mar 05, 2011 | $0.036 | |
Feb 05, 2011 | $0.036 | |
Jan 05, 2011 | $0.036 | |
Dec 06, 2010 | $0.036 | |
Nov 05, 2010 | $0.036 | |
Oct 05, 2010 | $0.037 | |
Sep 07, 2010 | $0.037 | |
Aug 05, 2010 | $0.037 | |
Jul 06, 2010 | $0.037 | |
Jun 04, 2010 | $0.037 | |
May 05, 2010 | $0.038 | |
Apr 05, 2010 | $0.038 | |
Mar 05, 2010 | $0.038 | |
Feb 05, 2010 | $0.038 | |
Jan 05, 2010 | $0.038 | |
Dec 04, 2009 | $0.039 | |
Nov 05, 2009 | $0.039 | |
Oct 05, 2009 | $0.039 | |
Sep 04, 2009 | $0.039 | |
Aug 05, 2009 | $0.039 | |
Jul 06, 2009 | $0.039 | |
Jun 05, 2009 | $0.039 | |
May 05, 2009 | $0.039 | |
Apr 06, 2009 | $0.039 | |
Mar 05, 2009 | $0.039 | |
Feb 05, 2009 | $0.039 |
FIIGX - Fund Manager Analysis
Managers
Michael Wildstein
Start Date
Tenure
Tenure Rank
Oct 04, 2019
1.74
1.7%
Michael G. Wildstein is a member of fixed income portfolio management team at Delaware Management Company, a series of Macquarie Investment Management Business Trust. Before joining the team, he was a senior corporate bond analyst focused on the telecommunications sector for high-grade and high yield portfolios. Prior to joining Macquarie Investment Management (MIM) in March 2007 as a senior research analyst, Wildstein spent five years at Merrill Lynch Investment Managers in various roles that included portfolio manager for the core bond team, corporate bond research analyst, and corporate bond trader. Before moving into investment management, Wildstein worked in finance, corporate strategy, and business development with several firms including RCN Corporation and AT&T Local Services. He earned a bachelor’s degree from the University of Tampa and an MBA from Drexel University.
Kashif Ishaq
Start Date
Tenure
Tenure Rank
Oct 04, 2019
1.74
1.7%
Kashif Ishaq Managing Director, Head of Credit Trading, Portfolio Manager Kashif Ishaq is global head of corporate bond trading for Macquarie Investment Management Fixed Income (MFI). He plays an integral role in the investment process, managing investment grade corporate bond exposure within MFI’s portfolios and performing relative value analysis across corporate curves and capital structures. He is also responsible for managing all corporate credit traders and maintaining key industry relationships. He started his fixed income career with Macquarie Investment Management as a portfolio analyst on the firm’s insurance portfolio management team before taking a position as an investment grade trader. For the three years prior to joining MIM in August 2005, he participated in Lincoln Financial Group’s rotational Professional Development Program. He started the program as a financial analyst in the Hartford office, followed by a position in information technology, and lastly he spent a year in the client services department of Delaware Investments. Ishaq received his bachelor’s degree in corporate finance and accounting from Bentley College.
Wayne Anglace
Start Date
Tenure
Tenure Rank
Oct 04, 2019
1.74
1.7%
Wayne A. Anglace currently serves as a senior portfolio manager for Macquarie Investment Management's corporate and convertible bond strategies. Prior to joining Macquarie Investment Management (MIM), which includes the former Delaware Investments, in March 2007 as a research analyst for the firm’s high grade, high yield, and convertible bond portfolios, he spent more than two years as a research analyst at Gartmore Global Investments for its convertible bond strategy. From 2000 to 2004, Anglace worked in private client research at Deutsche Bank Alex. Brown in Baltimore, where he focused on equity research, and he started his financial services career with Ashbridge Investment Management in 1999. Prior to moving to the financial industry, Anglace worked as a professional civil engineer. He earned his bachelor’s degree in civil engineering from Villanova University and an MBA with a concentration in finance from Saint Joseph’s University, and he is a member of the CFA Society of Philadelphia.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 23.84 | 5.59 | 1.49 |