TQTIX Fees and Costs — AMG TimesSquare International Small Cap Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 1.10%: a 0.75% management fee plus 0.40% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $251K in broker commissions, 0.2069% of average net assets, and portfolio turnover was 60%.
TQTIX Fees and Expenses
Annual operating expenses and sales charges of TQTIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.10% |
| 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 | Yes |
TQTIX Costs Over Time
On $10,000 invested in TQTIX, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% 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 1.10%) | $116 | $359 | $621 |
| Trading costs (broker commissions) | $22 | $68 | $117 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $812 |
| Value after costs | $10,363 | $11,128 | $11,950 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
TQTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2069%
- Total broker commissions: $251K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 60%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $104K (0.086% of average net assets)
TQTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $237K | 94.51% |
| TOURMALINE PARTNERS, LLC | $7K | 2.99% |
| UBS Securities LLC | $2K | 0.74% |
| MIRAE ASSET SECURITIES (USA) INC. | $1K | 0.57% |
| SAMSUNG SECURITIES (AMERICA), INC. | $1K | 0.51% |
| MACQUARIE CAPITAL (USA), INC. | $570 | 0.23% |
| MORGAN STANLEY & CO. LLC | $562 | 0.22% |
| PIPER SANDLER & CO. | $252 | 0.10% |
| J.P. Morgan Securities LLC | $238 | 0.09% |
| JEFFERIES LLC | $112 | 0.04% |
AMG TimesSquare International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TCMIX | Class Z | 1.05% | — |
| TQTIX | Class I | 1.10% | — |
| TCMPX | Class N | 1.30% | — |
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.