TSFAX Fees and Costs — Touchstone Small Cap Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.25%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses, less a 0.28% fee waiver. This share class carries a maximum front-end sales load of 5.00%. In fiscal 2024 the fund paid $122K in broker commissions, 0.0557% of average net assets, and portfolio turnover was 11%.
TSFAX Fees and Expenses
Annual operating expenses and sales charges of TSFAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| 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 |
TSFAX Costs Over Time
On $10,000 invested in TSFAX, assuming 5% a year before costs, total costs come to $1,409 over 5 years, cutting the return by 2.43% 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 | $500 | $500 | $500 |
| Fund expenses (net expense ratio 1.25%) | $125 | $388 | $670 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $25 | $99 | $209 |
| Total costs | $655 | $1,004 | $1,409 |
| Value after costs | $9,845 | $10,572 | $11,354 |
| Impact on return, per year | 6.55% | 3.13% | 2.43% |
TSFAX 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): 0.0557%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $166K
- Net income from securities lending: $1K (0.001% of average net assets)
TSFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $32K | 26.75% |
| Pershing LLC | $30K | 24.66% |
| Goldman Sachs & Co. LLC | $12K | 10.19% |
| Stifel, Nicolaus & Company, Incorporated | $12K | 10.00% |
| Piper Sandler & Co. | $10K | 8.18% |
| Jefferies LLC | $8K | 6.24% |
| J.P. Morgan Securities LLC | $8K | 6.20% |
| Virtu Americas LLC | $6K | 4.69% |
| RBC Capital Markets, LLC | $3K | 2.36% |
| Loop Capital Markets LLC | $892 | 0.73% |
Touchstone 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 |
|---|---|---|---|
| TSFIX | Institutional Class | 0.92% | none |
| TSFYX | Class Y | 1.00% | none |
| TSFAX | Class A | 1.25% | 5.00% |
| TSFCX | Class C | 1.95% | 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.