Portfolio of Investments - First Investors

Portfolio of Investments (continued)GOVERNMENT FUNDSeptember 30, 2013PrincipalAmount Security ValueRESIDENTIAL MORTGAGE-BACKEDSECURITIES—75.5%Fannie Mae—29.8%$14,266 M 2.5%, 11/1/2027 – 9/1/2028 (a) $ 14,388,64122,855 M 3%, 8/1/2022 – 10/16/2028 (a) 23,802,50521,967 M 3.5%, 10/1/2025 – 8/1/2042 (a) 22,914,78723,745 M 4%, 8/1/2026 – 10/1/2041 25,054,56712,189 M 4.5%, 11/1/2040 – 8/1/2041 13,150,3524,453 M 5%, 8/1/2039 – 11/1/2039 4,836,4644,219 M 5.5%, 7/1/2033 – 10/1/2039 4,622,098108,769,414Freddie Mac—3.8%4,604 M 2.5%, 1/1/2028 4,647,3802,277 M 3.5%, 9/1/2032 2,409,9366,344 M 4%, 11/1/2040 6,730,17413,787,490Government National Mortgage Association IProgram—41.9%11,600 M 4%, 7/15/2040 – 6/15/2042 12,483,63427,142 M 4.5%, 9/15/2033 – 9/15/2040 29,479,82147,084 M 5%, 6/15/2033 – 6/15/2040 52,012,68425,155 M 5.5%, 3/15/2033 – 10/15/2039 28,117,82522,964 M 6%, 3/15/2031 – 5/15/2040 25,638,2551,883 M 6.5%, 6/15/2034 – 3/15/2038 2,122,4212,607 M 7%, 6/15/2023 – 4/15/2034 2,923,784152,778,424Total Value of Residential Mortgage-Backed Securities (cost $268,935,562) 275,335,328U.S. GOVERNMENT AGENCYOBLIGATIONS—11.8%Fannie Mae:7,000 M 0.875%, 10/26/2017 6,906,58521,000 M 1.875%, 9/18/2018 21,252,1055,000 M 1.625%, 11/27/2018 4,985,2604,400 M Federal Home Loan Bank, 1%, 2/15/2028 (b) 4,205,2915,000 M Freddie Mac, 3.75%, 3/27/2019 5,508,980Total Value of U.S. Government Agency Obligations (cost $42,887,156) 42,858,22112