TSDAX Fees and Costs — Touchstone Ultra Short Duration Fixed Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.65%: a 0.17% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses, less a 0.05% fee waiver. This share class carries a maximum front-end sales load of 2.00%. Portfolio turnover was 80%.
TSDAX Fees and Expenses
Annual operating expenses and sales charges of TSDAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| 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 |
TSDAX Costs Over Time
On $10,000 invested in TSDAX, assuming 5% a year before costs, total costs come to $657 over 5 years, cutting the return by 1.10% 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 | $200 | $200 | $200 |
| Fund expenses (net expense ratio 0.65%) | $67 | $209 | $365 |
| Lost growth on money paid in costs | $10 | $42 | $92 |
| Total costs | $277 | $451 | $657 |
| Value after costs | $10,223 | $11,125 | $12,106 |
| Impact on return, per year | 2.77% | 1.38% | 1.10% |
TSDAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $10.0B
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
TSDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $1.8B | 19.78% |
| BOFA Securities, Inc. | $1.3B | 13.67% |
| J.P. Morgan Securities LLC | $1.3B | 13.59% |
| MUFG Securities Americas Inc. | $1.1B | 11.89% |
| Mizuho Securities USA LLC | $789.6M | 8.50% |
| Barclays Capital Inc. | $756.9M | 8.15% |
| Truist Securities, Inc. | $731.0M | 7.87% |
| BNY Mellon Capital Markets, LLC | $696.5M | 7.50% |
| Goldman Sachs & Co. LLC | $449.0M | 4.83% |
| Citigroup Global Markets Inc. | $391.9M | 4.22% |
Touchstone Ultra Short Duration Fixed 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 |
|---|---|---|---|
| TSDIX | Institutional Class | 0.35% | none |
| TSYYX | Class Y | 0.40% | none |
| TSDAX | Class A | 0.65% | 2.00% |
| TSDOX | Class Z | 0.65% | none |
| SSSGX | Class S | 0.90% | none |
| TSDCX | Class C | 1.14% | 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.