TGGAX Fees and Costs — Touchstone International Growth Opportunities Fund, Class A
Data updated: 2020-09-08
The net expense ratio is 1.24%: a 0.80% management fee, a 0.25% 12b-1 fee plus 3.31% other expenses, less a 3.12% fee waiver. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2020 the fund paid $45K in broker commissions, 0.1362% of average net assets, and portfolio turnover was 103%.
TGGAX Fees and Expenses
Annual operating expenses and sales charges of TGGAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.31% |
| Gross expense ratio | 4.36% |
| Fee waiver | −3.12% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| 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 |
TGGAX Costs Over Time
On $10,000 invested in TGGAX, assuming 5% a year before costs, total costs come to $1,450 over 5 years, cutting the return by 2.50% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.24%) | $124 | $384 | $664 |
| Trading costs (broker commissions) | $14 | $42 | $73 |
| Lost growth on money paid in costs | $25 | $100 | $213 |
| Total costs | $662 | $1,027 | $1,450 |
| Value after costs | $9,838 | $10,550 | $11,313 |
| Impact on return, per year | 6.62% | 3.20% | 2.50% |
TGGAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1362%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 103%
- Securities on loan, average value: $283K
- Net income from securities lending: $13K (0.039% of average net assets)
TGGAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $36K | 81.22% |
| Cowen and Company, LLC | $3K | 7.60% |
| Goldman Sachs & Co. LLC | $2K | 3.74% |
| Sanford C. Bernstein & Co., LLC | $1K | 2.44% |
| Morgan Stanley & Co. LLC | $1K | 2.39% |
| Citigroup Global Markets Inc. | $558 | 1.25% |
| J.P. Morgan Securities LLC | $310 | 0.69% |
| Kepler Capital Markets, Inc. | $250 | 0.56% |
| Jefferies LLC | $44 | 0.10% |
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.