TSEL Fees and Costs — Touchstone Sands Capital US Select Growth ETF
Data updated: 2026-08-26
The net expense ratio is 0.67%: a 0.65% management fee plus 0.31% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0203% of average net assets, and portfolio turnover was 109%.
TSEL Fees and Expenses
Annual operating expenses and sales charges of TSEL. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.67% |
| 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 |
TSEL Costs Over Time
On $10,000 invested in TSEL, assuming 5% a year before costs, total costs come to $434 over 5 years, cutting the return by 0.72% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $72 | $238 | $434 |
| Value after costs | $10,428 | $11,338 | $12,328 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
TSEL 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): 0.0203%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 109%
- Securities on loan, average value: $219K
- Net income from securities lending: $19K (0.028% of average net assets)
TSEL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $5K | 37.43% |
| Piper Sandler & Co. | $3K | 24.69% |
| Roberts & Ryan Investments Inc. | $3K | 19.04% |
| Cantor Fitzgerald & Co. | $2K | 15.56% |
| National Financial Services LLC | $433 | 3.28% |
| Goldman Sachs & Co. LLC | $0 | 0.00% |
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.