TFSCX Fees and Costs — Foreign Smaller Companies Series, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 1.26%: a 0.95% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $158K in broker commissions, 0.2509% of average net assets, and portfolio turnover was 90%.
TFSCX Fees and Expenses
Annual operating expenses and sales charges of TFSCX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.31% |
| Gross expense ratio | 1.26% |
| Fee waiver | — |
| Net expense ratio | 1.26% |
| 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 | No |
TFSCX Costs Over Time
On $10,000 invested in TFSCX, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 1.26%) | $132 | $411 | $708 |
| Trading costs (broker commissions) | $26 | $82 | $141 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $517 | $935 |
| Value after costs | $10,341 | $11,059 | $11,827 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
TFSCX 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): 0.2509%
- Total broker commissions: $158K
- Bought from dealers (principal trades, not a cost): $201.2M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $6K (0.009% of average net assets)
TFSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $23K | 19.57% |
| Virtu Americas LLC | $16K | 14.13% |
| J.P. Morgan Securities LLC | $13K | 11.10% |
| RBC Capital Markets, LLC | $12K | 10.12% |
| BMO Nesbitt Burns Securities Ltd. | $11K | 9.54% |
| Morgan Stanley & Co. LLC | $10K | 8.85% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9K | 7.37% |
| Citigroup Global Markets Inc. | $8K | 7.29% |
| Jefferies LLC | $8K | 7.16% |
| Macquarie Group Limited | $6K | 4.87% |
TFSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $196.3M | 97.56% |
| J.P. Morgan Securities LLC | $4.9M | 2.44% |
| Citigroup Global Markets Inc. | $8 | 0.00% |
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.