TBAYX Fees and Costs — Touchstone Dynamic Diversified Income Fund, Class Y
Data updated: 2021-05-27
The net expense ratio is 0.76% (1.34% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $10K in broker commissions, 0.0169% of average net assets, and portfolio turnover was 32%.
TBAYX Fees and Expenses
Annual operating expenses and sales charges of TBAYX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.58% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
TBAYX Costs Over Time
On $10,000 invested in TBAYX, assuming 5% a year before costs, total costs come to $488 over 5 years, cutting the return by 0.82% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $268 | $488 |
| Value after costs | $10,418 | $11,309 | $12,275 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
TBAYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0169%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $30.9M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $3.5M
- Net income from securities lending: $43K (0.074% of average net assets)
TBAYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $7K | 70.99% |
| Morgan Stanley & Co. LLC | $3K | 28.87% |
| Virtu Americas LLC | $13 | 0.14% |
TBAYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Touchstone Impact Bond Fund | $8.8M | 28.36% |
| Touchstone Value Fund | $5.9M | 19.20% |
| Touchstone Credit Opportunities Fund | $5.9M | 18.94% |
| Touchstone High Yield Fund | $5.4M | 17.35% |
| Touchstone Flexible Income Fund | $5.0M | 16.15% |
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.