C000003875 Fees and Costs — Touchstone Sands Capital Institutional Growth Fund, Institutional Class
Data updated: 2020-11-25
The net expense ratio is 0.82%: a 0.78% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $152K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 25%.
C000003875 Fees and Expenses
Annual operating expenses and sales charges of C000003875. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000003875 Costs Over Time
On $10,000 invested in C000003875, assuming 5% a year before costs, total costs come to $520 over 5 years, cutting the return by 0.87% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.82%) | $86 | $269 | $468 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $285 | $520 |
| Value after costs | $10,413 | $11,291 | $12,243 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000003875 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0081%
- Total broker commissions: $152K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $31.8M
- Net income from securities lending: $666K (0.036% of average net assets)
C000003875 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $35K | 25.59% |
| National Financial Services, LLC | $29K | 21.64% |
| Barclays Capital Inc. | $15K | 11.10% |
| Cantor Fitzgerald & Co. | $11K | 8.05% |
| Fidelity Brokerage Services LLC | $11K | 7.98% |
| Goldman Sachs & Co. LLC | $8K | 5.58% |
| CLSA Americas, LLC | $7K | 5.47% |
| U.S. Bancorp Investments, Inc. | $7K | 5.22% |
| Liquidnet, Inc. | $7K | 5.22% |
| UBS Securities LLC | $6K | 4.15% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.