TIABX Fees and Costs — Touchstone Anti-Benchmark International Core Equity Fund, Institutional Class
Data updated: 2023-02-27
The net expense ratio is 0.59%: a 0.45% management fee plus 1.07% other expenses, less a 0.93% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $11K in broker commissions, 0.0603% of average net assets, and portfolio turnover was 84%.
TIABX Fees and Expenses
Annual operating expenses and sales charges of TIABX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 1.07% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.93% |
| Net expense ratio | 0.59% |
| 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 |
TIABX Costs Over Time
On $10,000 invested in TIABX, assuming 5% a year before costs, total costs come to $410 over 5 years, cutting the return by 0.68% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $410 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
TIABX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0603%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $185K
- Net income from securities lending: $2K (0.009% of average net assets)
TIABX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $6K | 55.62% |
| BOFA Securities, Inc. | $2K | 16.15% |
| Barclays Capital Inc. | $966 | 8.99% |
| Exane, Inc. | $717 | 6.67% |
| BNP Paribas Securities Corp. | $594 | 5.53% |
| Morgan Stanley & Co. LLC | $492 | 4.58% |
| J.P. Morgan Securities LLC | $264 | 2.46% |
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.