SEMI-ANNUAL REPORT - First Investors

Portfolio of Investments (continued)
FUND FOR INCOME
March 31, 2014
Principal
Amount Security Value
Manufacturing—4.3%
Bombardier, Inc.:
$2,425 M 7.5%, 3/15/2018 (a) $ 2,746,312
1,125 M 4.75%, 4/15/2019 (a)(c) 1,125,000
2,200 M 7.75%, 3/15/2020 (a) 2,475,000
1,850 M 6%, 10/15/2022 (a)(c) 1,850,000
2,150 M 6.125%, 1/15/2023 (a) 2,182,250
1,775 M Brand Energy & Infrastructure Services, Inc., 8.5%, 12/1/2021 (a) 1,885,937
3,850 M Case New Holland, Inc., 7.875%, 12/1/2017 4,533,375
2,450 M Dematic SA, 7.75%, 12/15/2020 (a) 2,627,625
1,550 M EDP Finance BV, 6%, 2/2/2018 (a) 1,685,625
2,150 M H&E Equipment Services, Inc., 7%, 9/1/2022 2,375,750
Rexel SA:
5,475 M 6.125%, 12/15/2019 (a) 5,789,813
975 M 5.25%, 6/15/2020 (a) 1,001,813
30,278,500
Media-Broadcasting—2.4%
2,450 M Allbritton Communication Co., 8%, 5/15/2018 2,572,500
Belo Corp.:
725 M 7.75%, 6/1/2027 783,906
150 M 7.25%, 9/15/2027 156,375
1,575 M Block Communications, Inc., 7.25%, 2/1/2020 (a) 1,685,250
2,075 M LIN Television Corp., 8.375%, 4/15/2018 2,204,688
3,175 M Nexstar Broadcasting, Inc., 6.875%, 11/15/2020 3,429,000
Sinclair Television Group, Inc.:
2,300 M 5.375%, 4/1/2021 2,294,250
925 M 6.375%, 11/1/2021 966,625
Sirius XM Radio, Inc.:
1,875 M 5.75%, 8/1/2021 (a) 1,959,375
800 M 4.625%, 5/15/2023 (a) 756,000
16,807,969
Media-Cable TV—6.6%
Cablevision Systems Corp.:
2,000 M 8.625%, 9/15/2017 2,380,000
1,525 M 7.75%, 4/15/2018 1,748,031
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