TIFUX Fees and Costs — International Fixed Income Fund
Data updated: 2026-07-28
The net expense ratio is 1.18%: a 0.50% management fee plus 0.73% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $33 in broker commissions, and portfolio turnover was 150%.
TIFUX Fees and Expenses
Annual operating expenses and sales charges of TIFUX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.73% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.18% |
| 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 |
TIFUX Costs Over Time
On $10,000 invested in TIFUX, assuming 5% a year before costs, total costs come to $735 over 5 years, cutting the return by 1.24% 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 1.18%) | $124 | $386 | $668 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $735 |
| Value after costs | $10,376 | $11,171 | $12,027 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
TIFUX 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): —
- Total broker commissions: $33
- Bought from dealers (principal trades, not a cost): $6.1B
- Portfolio turnover (prospectus): 150%
- Securities lending: none during the year
TIFUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $19 | 57.85% |
| BNP Paribas Securities Corp. | $13 | 39.10% |
| BARCLAYS CAPITAL INC. | $1 | 3.05% |
TIFUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $3.3B | 55.15% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.5B | 24.75% |
| BNP Paribas Securities Corp. | $515.4M | 8.69% |
| DEUTSCHE BANK SECURITIES INC. | $191.1M | 3.22% |
| J.P. MORGAN SECURITIES LLC | $130.9M | 2.21% |
| Goldman Sachs & Co, LLC | $126.4M | 2.13% |
| Citigroup Global Markets Inc. | $119.8M | 2.02% |
| Standard Chartered Securities North America LLC | $42.2M | 0.71% |
| Scotia Capital (USA) Inc. | $34.8M | 0.59% |
| BMO Capital Markets Corp. | $30.4M | 0.51% |
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.