SUPPLEMENT DATED OCTOBER 17, 2016 FIRST INVESTORS COVERED CALL STRATEGY FUND PROSPECTUS DATED APRIL 1, 2016

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1 SUPPLEMENT DATED OCTOBER 17, 2016 FIRST INVESTORS COVERED CALL STRATEGY FUND PROSPECTUS DATED APRIL 1, 2016 In the Shareholder Information section, under the heading Are sales charge discounts and waivers available for Class A shares? - B. Sales Charge Waivers and Discounts, a new item 19 is added immediately after item 18: 19. Until November 18, 2016, by a person who held Class A or Class C shares of the Ziegler FAMCO Covered Call Fund, a series of the Trust for Advised Portfolios, as of October 3, To qualify to receive the sales charge waiver, notify your broker-dealer or your financial intermediary of your eligibility (or, if you purchase Fund shares directly through the Fund s transfer agent, notify the Fund s transfer agent). If the Fund is not notified that a purchase is eligible for the sales charge waiver, you may not receive the sales charge waiver. You may be asked to provide account records, statements or other information to prove your eligibility. * * * * * CCSP1016 Please retain this Supplement for future reference.

2 Equity Funds COVERED CALL STRATEGY FUND TICKER SYMBOLS CLASS A: ADVISOR CLASS: INSTITUTIONAL CLASS: FRCCX FRCDX FRCEX THE DATE OF THIS P R O S P E C T U S IS April 1, 2016

4 TABLE OF CONTENTS What are the Fund s policies on frequent trading in the shares of the Fund?

5 THE FUND SUMMARY SECTION COVERED CALL STRATEGY FUND nts is available from your financial representative and in Are sales charge discounts and waivers available for Class A shares on page of the Fund s prospectus and in Additional Information About Sales Charge Discounts and Waivers on page IIhe Fund s Statement of Additional Information. 1 ot cause the expenses of the Fund s Class A, Advisor Class or with the approval of the Fund s Board of Trustees.

6 rn each year and that the Fund s operating expenses remain the same (except that turns over its portfolio). A higher affect the Fund s performance. The portfolio turnover rate for the Fund s of the Fund s total assets. The the Fund s portfolio, protect the Fund income. The Fund s 2 Depositary Receipts ( ADRs )), traded traded funds ( ETFs ) that track certain ; In selecting investments, the Fund s

7 significant revenues that fit the Fund s ; ; ; Fund s portfolio and mitigate the impact of market declines. The Fund s ; ; ; pon the subadviser s outlook on the 3

8 ETF. As a result, the Fund s operating Fund s transaction costs and produce manager s expectations. ; Fund s long ordinary income; (3) convert the Fund s ; ( FIMCO ) is the Fund s investment Management, LLC ( ZCM ) serves as 4

9 as the Fund s portfolio managers since ; to the Fund s transfer agent at the NJ 08837; or calling the Fund s transfer intermediary, see the Fund s Statement Foresters Financial s or your financial intermediary s website. The Fund s ( FFS ), which is an affiliate of the Fund s adviser, and both are 5

10 THE FUND IN GREATER DETAIL rmation about the Fund s investment The Fund s investment objective Trustees may change the Fund s investment objective without shareholder approval. The Board may take such action upon the recommendation of the Fund s investment 6

11 COVERED CALL STRATEGY FUND What are the Covered Call Strategy Fund s objective, principal investment strategies and principal risks? Objective: of the Fund s total assets. The 80% with at least 60 days notice before the Fund s portfolio, protect the Fund The Fund s equity investments will Depositary Receipts ( ADRs )), traded 7 traded funds ( ETFs ) that track certain ; Fund s subadviser reviews a variety of

12 In selecting investments, the Fund s significant revenues that fit the Fund s ; ; ; the Fund s portfolio and mitigate the impact of market declines. The Fund s ; ; ; ser s outlook on the 8 inconsistent with the Fund s principal Information concerning the Fund s he Fund s portfolio holdings is available in the Fund s

13 purchased through sponsored or unsponsored facilities. A sponsored ; ddition, the Fund s ability to sell its The Fund s ability to write covered call 9

14 As a result, the Fund s operat the Fund s transaction costs and generally go up, known as bull generally go down, referred to as bear 10

15 portfolio manager s expectations, which relating to an issuer s financial The Fund s income will derive constitute qualified dividend income ( QDI ), which Fund s dividends may treat as QDI. Fund; (2) convert the Fund s long ; (3) convert the Fund s ordinary losses ; Who should consider buying the Covered Call Strategy Fund? 11

16 FUND MANAGEMENT IN GREATER DETAIL Fund s Company, Inc. ( FIMCO or Adviser ) is the investment adviser to 0.80% of the Fund s average daily net ; ; ; ; ; expected to be available in the Fund s 12 Fund s Class A, Advisor Class or Fund s Board of Trustees. ( ZCM ) serves as the investment of the Fund s assets, subject to FIMCO and the Fund s Board of CFA have served as the Fund s Asset Management LLC ( FAMCO )

17 managers compensation, other managers, and the portfolio managers Commission ( SEC ), which permits 13 Fund s shareholders but subject to the approval of the Fund s Board of subject to oversight by the Fund s of ZCM s Covered Call Composite ( Composite ), which is a composite of accounts managed by ZCM and Fiduciary Asset Management Company ( FAMCO ), which ZCM acquired in May 2015, that The perfor

18 quarterly basis. The Fund s expenses for its Class A shares are higher than the expenses included the Fund s expenses for its Class A shares, the performance of the Composite would be used to calculate the Fund s performance. If the SEC s standardized methodology 14

19 ZCM s Hist 15

20 SHAREHOLDER INFORMATION How and when does the Fund price its shares? Exchange ( NYSE ) (normally 4:00 NYSE is open ( Business Day ). NYSE (collectively, current market values ). 16 ; ; ; Fund s investment adviser will price the security s market value using some or ; ;; value pricing, the Fund s different than the security s last e Fund s net

21 How do I open an account? representative of the Fund s principal Representative ). It is generally the Fund s policy to open accounts for an ; ; ; below) are described in the Fund s ( SAI ). The SAI is available free of visiting the SEC s website at such as your driver s license or 17

22 charge ( CDSC ) that you may incur as What share classes are offered by the Fund? 18 section of this prospectus titled What are the sales charges?. Class A shares ( IRA ) or Roth IRA. The Fund offers

23 What about accounts with multiple owners or representatives? requested by us pursuant to the Fund s ; ; notice to one is notice to all applies. 19

24 ested by us under the Fund s How do I make subsequent transactions? how to effect transactions in the Fund s Services, Inc. ( FIS ), Raritan Plaza I, 20

25 genuine, the Fund s transfer agent owner s social security number or the owner s personal identification verify the caller s identity and authority by notifying the Fund s transfer agent 21 is included in the Fund s SAI. ; ; ; These are described in the Fund s SAI.

26 The Fund s transfer agent may, in its Fund is included in the Fund s SAI. How are transactions processed? Fund s transfer agent at its offices in sales charge for a purchase ( offering price ) or minus any applicable CDSC the financial intermediary s authorized be priced at the Fund s next computed 22

27 23 to the Fund s S

28 What are the sales charges? 24 Class A Shares Your investment Sales Charge as a percentage of offering price* Sales Charge as a percentage of net amount invested* Less than $100, % 6.10% $100,000-$249, $250,000-$499, $500,000-$999, $1,000,000 or more 0** 0** than 0.25% of the Fund s average daily und s assets on an increase the cost of a shareholder s Does the Fund or FIMCO make payments to financial intermediaries?

29 FIMCO s or its affiliates own sometimes referred to as revenue sharing. Are sales charge discounts and waivers available for Class A shares? sales charge discount under the Fund s Rights of Accumulation ( ROA ) applicable Fund s Class A share value 25

30 dealer firm ( Eligible Accounts ). For example, you are (measured by (a) the applicable Fund intent ( SOI ) to back dated to cover prior purchases. 26

31 In addition, accounts of homeowners company s address as their address of ; ; terminated on all customers accounts 27

32 ; policies is included in the Fund s SAI. ( FFS ), or their affiliates ( Associate ), the spouse, life partner, their FFS customer account ( Eligible Relatives ), and any other person who persons are referred to as Associate ts. 28

33 29

34 Fund s minimum investment policy. the joint owner s Traditional or Roth 30

35 your account s value redeemed by a Fund s minimum investment policy. ; ; ; 31

36 ; refer to the Fund s SAI. What are the Fund s policies on frequent trading in the shares of the Fund? that in the Fund s view are excessive, Fund s policies to discourage frequent Fund s policies. In certain cases, the Fund may defer to the intermediary s t the Fund s or a financial intermediary s policies are not ; ; 32

37 What about dividends and other distributions? Fund s Returned Mail policy, as described in the Fund s SAI. No interest will What about taxes? 33

38 ; reporting, including the Fund s default method, can be found in the Fund s What if my account falls below the minimum account requirement? Householding policy the Fund s prospectus, annual report, 34

39 Other account privileges and policies on death ( TOD ) registration. These privileges are described in the Fund s and in the Fund s SAI. Investors Fund s TOD Guidelines. Fund s SAI, which is available for free Additional Information Trust ) enters into contractual including among others, the Fund s 35

40 FINANCIAL HIGHLIGHTS 36

45 that significantly affected the Fund s The Fund s SAI provides more detailed SEC s Internet website at

First Investors Covered Call Strategy Fund Ticker Symbols Summary Prospectus January 31, 2018 Class A: FRCCX

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