TDECX Fees and Costs — Touchstone Anti-Benchmark US Core Equity Fund, Class C
Data updated: 2023-11-24
The net expense ratio is 1.54%: a 0.35% management fee, a 1.00% 12b-1 fee plus 1.73% other expenses, less a 1.54% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2022 the fund paid $9K in broker commissions, 0.0369% of average net assets, and portfolio turnover was 85%.
TDECX Fees and Expenses
Annual operating expenses and sales charges of TDECX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.73% |
| Gross expense ratio | 3.08% |
| Fee waiver | −1.54% |
| Net expense ratio | 1.54% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TDECX Costs Over Time
On $10,000 invested in TDECX, assuming 5% a year before costs, total costs come to $975 over 5 years, cutting the return by 1.66% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.54%) | $162 | $502 | $864 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $269 | $539 | $975 |
| Value after costs | $10,231 | $11,037 | $11,788 |
| Impact on return, per year | 2.69% | 1.66% | 1.66% |
TDECX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0369%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $289K
- Net income from securities lending: $18K (0.073% of average net assets)
TDECX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA Securities, Inc. | $3K | 29.28% |
| Barclays Capital Inc. | $2K | 27.16% |
| Morgan Stanley & Co. LLC | $2K | 21.79% |
| UBS Securities LLC | $1K | 11.24% |
| J.P. Morgan Securities LLC | $961 | 10.53% |
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.