TVLIX Fees and Costs — Touchstone Value Fund, Institutional Class
Data updated: 2026-09-04
The net expense ratio is 0.68%: a 0.59% management fee plus 0.21% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $161K in broker commissions, 0.0269% of average net assets, and portfolio turnover was 40%.
TVLIX Fees and Expenses
Annual operating expenses and sales charges of TVLIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.80% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.68% |
| 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 |
TVLIX Costs Over Time
On $10,000 invested in TVLIX, assuming 5% a year before costs, total costs come to $445 over 5 years, cutting the return by 0.74% 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 0.68%) | $71 | $223 | $389 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $244 | $445 |
| Value after costs | $10,426 | $11,332 | $12,318 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
TVLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0269%
- Total broker commissions: $161K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $504K
- Net income from securities lending: $24K (0.004% of average net assets)
TVLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $36K | 25.45% |
| Russell Investments Implementation Services, LLC | $22K | 15.63% |
| Liquidnet, Inc. | $20K | 13.86% |
| Instinet, LLC | $19K | 13.10% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $10K | 7.38% |
| Evercore Group L.L.C. | $9K | 6.39% |
| Sanford C. Bernstein & Co., LLC | $9K | 6.36% |
| Morgan Stanley & Co. LLC | $6K | 4.45% |
| Strategas Securities, LLC | $6K | 3.92% |
| Bernstein Institutional Services LLC | $5K | 3.46% |
Touchstone Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TVLRX | Class R6 | 0.63% | none |
| TVLIX | Institutional Class | 0.68% | none |
| TVLYX | Class Y | 0.83% | none |
| TVLAX | Class A | 1.08% | 5.00% |
| TVLCX | Class C | 1.75% | 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.