TQPIX Fees and Costs — Touchstone Strategic Income Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 0.61%: a 0.54% management fee plus 0.32% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $99K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 193%.
TQPIX Fees and Expenses
Annual operating expenses and sales charges of TQPIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.61% |
| 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 |
TQPIX Costs Over Time
On $10,000 invested in TQPIX, assuming 5% a year before costs, total costs come to $405 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $222 | $405 |
| Value after costs | $10,432 | $11,354 | $12,357 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
TQPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0334%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 193%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $6K (0.002% of average net assets)
TQPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $99K | 99.74% |
| Cowen and Company, LLC | $148 | 0.15% |
| SG Americas Securities, LLC | $114 | 0.11% |
TQPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $218.7M | 23.02% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $142.5M | 15.00% |
| Goldman Sachs & Co. LLC | $119.4M | 12.57% |
| Barclays Capital Inc. | $97.0M | 10.21% |
| J.P. Morgan Securities LLC | $85.7M | 9.02% |
| SMBC Nikko Securities America, Inc. | $76.2M | 8.02% |
| TD Securities (USA) LLC | $73.4M | 7.73% |
| Morgan Stanley & Co. LLC | $58.4M | 6.15% |
| BMO Capital Markets Corp. | $39.8M | 4.19% |
| Deutsche Bank Securities Inc. | $38.8M | 4.09% |
Touchstone Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TQPIX | Institutional Class | 0.61% | none |
| TQPYX | Class Y | 0.66% | none |
| TQPAX | Class A | 0.95% | 3.25% |
| TQPCX | Class C | 1.68% | 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.