FFSAX Fees and Costs — Touchstone Flexible Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.09% (1.10% before fee waivers). This share class carries a maximum front-end sales load of 3.25%. In fiscal 2026 the fund paid $688K in broker commissions, 0.0400% of average net assets, and portfolio turnover was 64%.
FFSAX Fees and Expenses
Annual operating expenses and sales charges of FFSAX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FFSAX Costs Over Time
On $10,000 invested in FFSAX, assuming 5% a year before costs, total costs come to $1,097 over 5 years, cutting the return by 1.87% 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 |
| Sales charges | $325 | $325 | $325 |
| Fund expenses (net expense ratio 1.09%) | $111 | $345 | $598 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $16 | $69 | $152 |
| Total costs | $456 | $752 | $1,097 |
| Value after costs | $10,044 | $10,825 | $11,666 |
| Impact on return, per year | 4.56% | 2.32% | 1.87% |
FFSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0400%
- Total broker commissions: $688K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $6.4M
- Net income from securities lending: $65K (0.004% of average net assets)
FFSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Elevation, LLC | $197K | 30.30% |
| Jane Street Execution Services, LLC | $176K | 26.99% |
| Evercore Group L.L.C. | $122K | 18.68% |
| Capital Institutional Services, Inc | $38K | 5.80% |
| Raymond James & Associates, Inc. | $36K | 5.53% |
| BOFA Securities, Inc. | $26K | 4.00% |
| Bloomberg Tradebook LLC | $16K | 2.43% |
| Mirae Asset Securities (USA) Inc. | $15K | 2.33% |
| BTIG, LLC | $13K | 2.00% |
| Jones Trading | $13K | 1.95% |
FFSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $233.1M | 23.70% |
| BOFA Securities, Inc. | $163.5M | 16.62% |
| Wells Fargo Securities, LLC | $136.6M | 13.89% |
| Barclays Capital Inc. | $94.8M | 9.63% |
| Loop Capital Markets LLC | $93.8M | 9.54% |
| Citigroup Global Markets Inc. | $85.1M | 8.65% |
| Piper Sandler & Co. | $73.8M | 7.50% |
| Goldman Sachs & Co. LLC | $38.2M | 3.88% |
| BNP Paribas Securities Corp. | $35.3M | 3.59% |
| Morgan Stanley & Co. LLC | $29.5M | 3.00% |
Touchstone Flexible Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFSLX | Institutional Class | 0.74% | none |
| MXIIX | Class Y | 0.82% | none |
| FFSAX | Class A | 1.09% | 3.25% |
| FRACX | Class C | 1.84% | none |
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.