Portfolio of Investments - First Investors

Fund Expenses (unaudited)INTERNATIONAL OPPORTUNITIES BOND FUNDThe examples below show the ongoing costs (in dollars) of investing in your Fund and willhelp you in comparing these costs with costs of other mutual funds. Please refer to page 2 for adetailed explanation of the information presented in these examples.Expense ExampleAnnualizedExpenseRatioBeginningAccount Value(4/1/13)EndingAccount Value(9/30/13)Expenses PaidDuring Period(4/1/13–9/30/13)*Class A Shares 1.30%Actual $1,000.00 $ 977.47 $6.44Hypothetical** $1,000.00 $1,018.55 $6.58Advisor Class Shares 1.07%Actual $1,000.00 $ 977.43 $5.30Hypothetical** $1,000.00 $1,019.71 $5.42Institutional Class Shares 0.96%Actual $1,000.00 $ 977.43 $4.76Hypothetical** $1,000.00 $1,020.26 $4.86* Expenses are equal to the annualized expense ratio, multiplied by the average account value overthe period, multiplied by 183/365 (to reflect the one-half year period). Expenses paid during theperiod are net of expenses waived.**Assumed rate of return of 5% before expenses.Portfolio CompositionBY SECTORSovereign Bonds62.9%Government RegionalAgency10.1%Government SovereignAgency6.5%U.S. GovernmentObligations5.9%Government GuaranteeProgram5.7%Supranational2.1%Portfolio holdings and allocations are subject to change. Percentages are as of September 30, 2013,and are based on the total value of investments.34