C000018398 Fees and Costs — AST Wellington Management Hedged Equity Portfolio
Data updated: 2023-03-16
The net expense ratio is 1.02%: a 0.81% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $625K in broker commissions, 0.0366% of average net assets, and portfolio turnover was 47%.
C000018398 Fees and Expenses
Annual operating expenses and sales charges of C000018398. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.02% |
| 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 | No |
C000018398 Costs Over Time
On $10,000 invested in C000018398, assuming 5% a year before costs, total costs come to $660 over 5 years, cutting the return by 1.11% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $363 | $660 |
| Value after costs | $10,389 | $11,213 | $12,103 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000018398 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0366%
- Total broker commissions: $625K
- Bought from dealers (principal trades, not a cost): $14.6M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $97.7M
- Net income from securities lending: $193K (0.011% of average net assets)
C000018398 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $180K | 37.33% |
| GOLDMAN SACHS & CO. LLC | $57K | 11.73% |
| J.P. Morgan Securities LLC | $44K | 9.17% |
| BOFA SECURITIES, INC. | $37K | 7.60% |
| UBS Securities LLC | $34K | 6.95% |
| CITIGROUP GLOBAL MARKETS INC. | $34K | 6.93% |
| JEFFERIES LLC | $32K | 6.67% |
| BARCLAYS CAPITAL, INC. | $25K | 5.16% |
| RBC CAPITAL MARKETS, LLC | $22K | 4.63% |
| CREDIT SUISSE SECURITIES (USA) LLC | $19K | 3.85% |
C000018398 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $9.2M | 63.16% |
| Wells Fargo Securities LLC | $3.5M | 24.30% |
| J.P. Morgan Securities LLC | $1.4M | 9.45% |
| BARCLAYS CAPITAL, INC. | $396K | 2.72% |
| GOLDMAN SACHS & CO. LLC | $55K | 0.37% |
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.