TQCRX Fees and Costs — Touchstone Dividend Equity Fund, Class R6
Data updated: 2026-08-26
The net expense ratio is 0.64%: a 0.52% management fee plus 0.26% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $227K in broker commissions, 0.0092% of average net assets, and portfolio turnover was 12%.
TQCRX Fees and Expenses
Annual operating expenses and sales charges of TQCRX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.78% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
TQCRX Costs Over Time
On $10,000 invested in TQCRX, assuming 5% a year before costs, total costs come to $409 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,354 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
TQCRX 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): 0.0092%
- Total broker commissions: $227K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
TQCRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $56K | 25.08% |
| Cowen and Company, LLC | $44K | 19.54% |
| Morgan Stanley & Co. LLC | $42K | 18.73% |
| Keefe, Bruyette & Woods, Inc. | $27K | 12.22% |
| J.P. Morgan Securities LLC | $22K | 9.77% |
| UBS Securities LLC | $10K | 4.66% |
| Evercore Group L.L.C. | $9K | 4.10% |
| National Financial Services LLC | $5K | 2.38% |
| Virtu Americas LLC | $5K | 2.06% |
| Goldman Sachs & Co. LLC | $3K | 1.46% |
Touchstone Dividend Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TQCRX | Class R6 | 0.64% | none |
| TQCIX | Institutional Class | 0.65% | none |
| TQCYX | Class Y | 0.76% | none |
| TQCAX | Class A | 0.99% | 5.00% |
| TQCCX | Class C | 1.69% | 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.