TOBAX Fees and Costs — Touchstone Active Bond Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.83%: a 0.36% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.14% fee waiver. This share class carries a maximum front-end sales load of 3.25%. In fiscal 2024 the fund paid $48K in broker commissions, 0.0190% of average net assets, and portfolio turnover was 171%.
TOBAX Fees and Expenses
Annual operating expenses and sales charges of TOBAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| 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 |
TOBAX Costs Over Time
On $10,000 invested in TOBAX, assuming 5% a year before costs, total costs come to $930 over 5 years, cutting the return by 1.58% 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 | $325 | $325 | $325 |
| Fund expenses (net expense ratio 0.83%) | $84 | $263 | $458 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $16 | $65 | $137 |
| Total costs | $427 | $659 | $930 |
| Value after costs | $10,073 | $10,917 | $11,833 |
| Impact on return, per year | 4.27% | 2.03% | 1.58% |
TOBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0190%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $850.1M
- Portfolio turnover (prospectus): 171%
- Securities on loan, average value: $42K
- Net income from securities lending: $639 (0.000% of average net assets)
TOBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $48K | 100.00% |
TOBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $182.7M | 22.73% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $165.2M | 20.55% |
| BNP Paribas Securities Corp. | $151.0M | 18.78% |
| Morgan Stanley & Co. LLC | $88.7M | 11.03% |
| Goldman Sachs & Co. LLC | $67.2M | 8.36% |
| J.P. Morgan Securities LLC | $64.3M | 8.00% |
| BMO Nesbitt Burns Securities Ltd. | $42.9M | 5.34% |
| TD Securities (USA) LLC | $24.3M | 3.02% |
| Barclays Capital Inc. | $9.9M | 1.23% |
| Wells Fargo Securities, LLC | $7.9M | 0.98% |
Touchstone Active Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TOBIX | Institutional Class | 0.49% | none |
| TOBYX | Class Y | 0.58% | none |
| TOBAX | Class A | 0.83% | 3.25% |
| TODCX | Class C | 1.50% | none |
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.