Portfolio of Investments - First Investors

Cumulative Performance Information (unaudited)INVESTMENT GRADE FUNDComparison of change in value of $10,000 investment in the First Investors Investment GradeFund (Class A shares) and the Bank of America (“BofA”) Merrill Lynch U.S. CorporateMaster Index.$100,000As of September 30, 2013$10,000$1,000Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 Sep-09 Sep-10 Sep-11 Sep-12 Sep-13Investment GradeFundBofA Merrill Lynch U.S.Corporate Master IndexAverage Annual Total Returns*N.A.V. Only Class A Class BAdvisorClassInstitutionalClassOne Year (1.10%) (1.82%) N/A N/AFive Years 8.34% 7.58% N/A N/ATen Years, Since Inception** 4.42% 3.78% (2.53%) (2.37%)S.E.C. Standardized Class A Class BAdvisorClassInstitutionalClassOne Year (6.81%) (5.62%) N/A N/AFive Years 7.07% 7.28% N/A N/ATen Years, Since Inception** 3.80% 3.78% (2.53%) (2.37%)S.E.C. 30-Day Yield*** 2.31% 1.67% 2.55% 2.84%The graph compares a $10,000 investment in the First Investors Investment Grade Fund (Class Ashares) beginning 9/30/03 with a theoretical investment in the BofA Merrill Lynch U.S. CorporateMaster Index (the “Index”). The Index includes publicly-issued, fi xed-rate, non-convertible investmentgrade dollar-denominated, S.E.C.-registered corporate debt having at least one year to maturity andan outstanding par value of at least $250 million. It is not possible to invest directly in this Index.In addition, the Index does not refl ect fees and expenses associated with the active management ofa mutual fund portfolio. For purposes of the graph and the accompanying table, unless otherwiseindicated, it has been assumed that the maximum sales charge was deducted from the initial $10,000investment in the Fund and all dividends and distributions were reinvested. Class B shares, AdvisorClass shares and Institutional Class shares performance may be greater than or less than that18