SIO Fees and Costs — Touchstone Strategic Income ETF
Data updated: 2026-08-26
The net expense ratio is 0.50%: a 0.55% management fee plus 0.26% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $52K in broker commissions, 0.0255% of average net assets, and portfolio turnover was 208%.
SIO Fees and Expenses
Annual operating expenses and sales charges of SIO. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SIO Costs Over Time
On $10,000 invested in SIO, assuming 5% a year before costs, total costs come to $332 over 5 years, cutting the return by 0.55% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $182 | $332 |
| Value after costs | $10,445 | $11,395 | $12,431 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
SIO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0255%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): $850.0M
- Portfolio turnover (prospectus): 208%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $24K (0.012% of average net assets)
SIO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $51K | 99.76% |
| Virtu Americas LLC | $86 | 0.17% |
| BTIG, LLC | $36 | 0.07% |
SIO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $233.2M | 32.06% |
| Goldman Sachs & Co. LLC | $95.9M | 13.19% |
| Barclays Capital Inc. | $80.5M | 11.06% |
| J.P. Morgan Securities LLC | $56.4M | 7.75% |
| TD Securities (USA) LLC | $55.5M | 7.63% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $53.6M | 7.36% |
| SMBC Nikko Securities America, Inc. | $48.0M | 6.60% |
| Morgan Stanley & Co. LLC | $43.8M | 6.02% |
| Deutsche Bank Securities Inc. | $32.6M | 4.48% |
| Citadel Securities LLC | $27.9M | 3.84% |
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.