TIEUX Fees and Costs — International Equity Fund
Data updated: 2026-07-28
The net expense ratio is 0.60%: a 0.70% management fee plus 0.13% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $419K in broker commissions, 0.0349% of average net assets, and portfolio turnover was 70%.
TIEUX Fees and Expenses
Annual operating expenses and sales charges of TIEUX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.60% |
| 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 |
TIEUX Costs Over Time
On $10,000 invested in TIEUX, assuming 5% a year before costs, total costs come to $400 over 5 years, cutting the return by 0.67% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $219 | $400 |
| Value after costs | $10,433 | $11,357 | $12,363 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
TIEUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0349%
- Total broker commissions: $419K
- Bought from dealers (principal trades, not a cost): $535K
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $9.1M
- Net income from securities lending: $77K (0.006% of average net assets)
TIEUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $56K | 19.08% |
| INSTINET, LLC | $34K | 11.70% |
| UBS Securities LLC | $33K | 11.26% |
| BNP Paribas Securities Corp. | $31K | 10.68% |
| J.P. MORGAN SECURITIES LLC | $29K | 9.90% |
| Jefferies LLC | $27K | 9.33% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $27K | 9.25% |
| BARCLAYS CAPITAL INC. | $19K | 6.65% |
| ROYAL BANK OF CANADA | $18K | 6.09% |
| SOCIETE GENERALE | $18K | 6.08% |
TIEUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $535K | 99.93% |
| Goldman Sachs & Co, LLC | $364 | 0.07% |
| Virtu Americas LLC | $18 | 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.