TNSAX Fees and Costs — Touchstone International Growth Fund, Class A
Data updated: 2024-05-24
The net expense ratio is 1.24%: a 0.80% management fee, a 0.25% 12b-1 fee plus 1.75% other expenses, less a 1.56% fee waiver. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2023 the fund paid $29K in broker commissions, 0.0485% of average net assets, and portfolio turnover was 38%.
TNSAX Fees and Expenses
Annual operating expenses and sales charges of TNSAX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.75% |
| Gross expense ratio | 2.80% |
| Fee waiver | −1.56% |
| 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 |
TNSAX Costs Over Time
On $10,000 invested in TNSAX, assuming 5% a year before costs, total costs come to $1,399 over 5 years, cutting the return by 2.41% 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 | $385 | $665 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $25 | $99 | $208 |
| Total costs | $654 | $998 | $1,399 |
| Value after costs | $9,846 | $10,578 | $11,363 |
| Impact on return, per year | 6.54% | 3.11% | 2.41% |
TNSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0485%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $893K
- Net income from securities lending: $8K (0.013% of average net assets)
TNSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $25K | 84.76% |
| Cowen and Company, LLC | $2K | 6.55% |
| Citigroup Global Markets Inc. | $2K | 5.88% |
| Piper Sandler & Co. | $212 | 0.73% |
| Goldman Sachs & Co. LLC | $184 | 0.63% |
| Nomura Securities International, Inc. | $156 | 0.54% |
| Sanford C. Bernstein & Co., LLC | $114 | 0.39% |
| Jones Trading | $95 | 0.33% |
| Morgan Stanley & Co. LLC | $32 | 0.11% |
| Jefferies LLC | $21 | 0.07% |
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.