FPIKX: First Investors Premium Income A

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FPIKX First Investors Premium Income A


Profile

FPIKX - Profile

Vitals

  • YTD Return -10.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $77.9 M
  • Holdings in Top 10 44.3%

52 WEEK LOW AND HIGH

$9.12
$7.19
$10.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.07%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return -10.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Quarterly
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Delaware Premium Income Fund
  • Fund Family Name
    First Investors
  • Inception Date
    Apr 02, 2018
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Sean Hughes

Fund Description

The fund invests in a portfolio of equity securities and writes (sells) call options on those securities. Under normal circumstances, it will write (sell) call options on a majority of its total assets. Typically, all of the call options written (sold) by the fund are expected to be "in the money" at the time they are written (sold). Its call option writing strategy is designed to generate income and lower the overall risk profile of the fund's portfolio.


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Categories

Performance

FPIKX - Performance

Return Ranking - Trailing

Period FPIKX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.7% -86.4% 95.3% 61.46%
1 Yr -10.4% -89.4% 62.7% 57.84%
3 Yr N/A* -56.0% 34.4% N/A
5 Yr N/A* -46.0% 29.3% N/A
10 Yr N/A* -18.4% 35.6% N/A

* Annualized

Return Ranking - Calendar

Period FPIKX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -24.2% 71.9% 65.93%
2018 N/A -35.0% 12.7% N/A
2017 N/A -25.3% 59.5% N/A
2016 N/A -15.5% 42.5% N/A
2015 N/A -65.1% 11.8% N/A

Total Return Ranking - Trailing

Period FPIKX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.7% -86.4% 95.3% 61.46%
1 Yr -10.4% -89.4% 62.7% 57.84%
3 Yr N/A* -56.0% 39.8% N/A
5 Yr N/A* -46.0% 32.4% N/A
10 Yr N/A* -18.4% 37.4% N/A

* Annualized

Total Return Ranking - Calendar

Period FPIKX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -22.9% 71.9% 65.93%
2018 N/A -31.5% 12.7% N/A
2017 N/A -25.3% 68.6% N/A
2016 N/A -15.5% 42.5% N/A
2015 N/A -65.1% 11.8% N/A

NAV & Total Return History


Holdings

FPIKX - Holdings

Concentration Analysis

FPIKX Category Low Category High FPIKX % Rank
Net Assets 77.9 M 105 K 7.83 B 51.72%
Number of Holdings 128 3 1562 23.79%
Net Assets in Top 10 35.9 M -225 M 2.25 B 53.79%
Weighting of Top 10 44.25% 16.4% 238.7% 67.51%

Top 10 Holdings

  1. Amgen Inc 5.63%
  2. BlackRock Inc 5.63%
  3. Broadcom Inc 4.66%
  4. American Express Co 4.41%
  5. Philip Morris International Inc 4.20%
  6. Lockheed Martin Corp 4.17%
  7. Chevron Corp 4.10%
  8. Cisco Systems Inc 4.06%
  9. Whirlpool Corp 3.73%
  10. United Parcel Service Inc Class B 3.65%

Asset Allocation

Weighting Return Low Return High FPIKX % Rank
Stocks
98.97% 81.37% 325.56% 30.00%
Cash
1.02% -225.56% 20.91% 61.38%
Other
0.01% -52.75% 181.94% 19.31%
Preferred Stocks
0.00% -0.29% 7.00% 20.00%
Convertible Bonds
0.00% 0.00% 15.23% 15.17%
Bonds
0.00% -112.62% 56.94% 24.14%

Stock Sector Breakdown

Weighting Return Low Return High FPIKX % Rank
Technology
18.44% 0.00% 52.54% 43.98%
Industrials
16.89% 0.00% 46.89% 9.40%
Financial Services
15.40% 0.00% 46.18% 22.56%
Healthcare
11.09% 0.00% 98.52% 56.77%
Consumer Defense
8.78% 0.00% 23.50% 16.54%
Consumer Cyclical
7.39% 0.00% 32.95% 57.52%
Energy
7.15% 0.00% 100.00% 35.34%
Communication Services
6.68% 0.00% 25.01% 44.74%
Basic Materials
5.93% 0.00% 15.24% 9.40%
Utilities
2.25% 0.00% 40.99% 64.66%
Real Estate
0.00% 0.00% 97.46% 65.41%

Stock Geographic Breakdown

Weighting Return Low Return High FPIKX % Rank
US
99.19% 80.06% 325.56% 18.62%
Non US
-0.22% -36.45% 39.88% 94.83%

Expenses

FPIKX - Expenses

Operational Fees

FPIKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.07% 0.37% 37.17% 44.21%
Management Fee 0.80% 0.00% 2.64% 28.97%
12b-1 Fee 0.25% 0.00% 1.00% 24.70%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

FPIKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 3.75% 5.75% 9.84%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FPIKX 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.

FPIKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 5191.00% 62.45%

Distributions

FPIKX - Distributions

Dividend Yield Analysis

FPIKX Category Low Category High FPIKX % Rank
Dividend Yield 0.00% 0.00% 23.21% 15.52%

Dividend Distribution Analysis

FPIKX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

FPIKX Category Low Category High FPIKX % Rank
Net Income Ratio 1.57% -3.05% 8.14% 16.03%

Capital Gain Distribution Analysis

FPIKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Quarterly

Dividend Payout History

View More +

Fund Manager Analysis

FPIKX - Fund Manager Analysis

Managers

Sean Hughes


Start Date

Tenure

Tenure Rank

Apr 02, 2018

2.16

2.2%

Sean Hughes, CFA, is a Senior Portfolio Manager for the FAMCO Group at ZCM. Prior to joining the firm in 2015, Sean was Portfolio Manager for Fiduciary Asset Management (“FAMCO”) since 2010. Mr. Hughes joined FAMCO in 2005 as a Research Analyst for the covered call strategies. Sean received his M.B.A. from the Olin School of Business at Washington University in St. Louis. He is a graduate of the Tuck School of Business Bridge Program and holds a B.A. from Oberlin College. He is a CFA® charterholder and a member of CFA Institute, the St. Louis Society of Financial Analysts, and the National Association for Business Economics.

Wiley Angell


Start Date

Tenure

Tenure Rank

Apr 02, 2018

2.16

2.2%

Wiley Angell is the Chief Investment Officer and Senior Portfolio Manager for the FAMCO Group at ZCM. Prior to joining the firm in 2015, Wiley was Chief Executive Officer and Chief Investment Officer – Equities and Fixed Income for Fiduciary Asset Management (“FAMCO”) since the firm’s inception in 1994. Prior to that, Wiley served as Portfolio Manager for General Dynamics. He was also Treasurer of Franklin Savings Association where he managed a multi-billion dollar mortgage portfolio and was responsible for the firm’s hedging strategies and balance sheet risk control. He has managed institutional portfolios for over 25 years, specializing in equity, covered call, fixed income and liability driven investing. Wiley received his B.A. in Business and Economics from Ottawa University and has served on boards of university endowments and charitable organizations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 24.77 5.85 10.18