C000018403 Fees and Costs — AST Fidelity Institutional AM Quantitative Portfolio
Data updated: 2021-11-24
The net expense ratio is 0.92%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.04% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1.8M in broker commissions, 0.0426% of average net assets, and portfolio turnover was 206%.
C000018403 Fees and Expenses
Annual operating expenses and sales charges of C000018403. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.92% |
| 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 |
C000018403 Costs Over Time
On $10,000 invested in C000018403, assuming 5% a year before costs, total costs come to $603 over 5 years, cutting the return by 1.01% 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 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $603 |
| Value after costs | $10,399 | $11,245 | $12,160 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
C000018403 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0426%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $10.2B
- Portfolio turnover (prospectus): 206%
- Securities on loan, average value: $315.3M
- Net income from securities lending: $1.0M (0.024% of average net assets)
C000018403 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $229K | 15.76% |
| MORGAN STANLEY & CO. LLC | $205K | 14.08% |
| BOFA SECURITIES, INC. | $195K | 13.43% |
| CREDIT SUISSE SECURITIES (USA) LLC | $184K | 12.64% |
| UBS Securities LLC | $144K | 9.93% |
| J.P. Morgan Securities LLC | $135K | 9.31% |
| BARCLAYS CAPITAL, INC. | $114K | 7.85% |
| CitiGroup Global Markets Inc. | $93K | 6.37% |
| VIRTU ITG LLC | $91K | 6.27% |
| MACQUARIE CAPITAL (USA), INC. | $64K | 4.37% |
C000018403 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.9B | 21.55% |
| MORGAN STANLEY & CO. LLC | $1.4B | 15.64% |
| GOLDMAN SACHS & CO. LLC | $1.2B | 14.26% |
| CitiGroup Global Markets Inc. | $927.3M | 10.59% |
| CREDIT SUISSE SECURITIES (USA) LLC | $784.5M | 8.96% |
| BOFA SECURITIES, INC. | $631.8M | 7.21% |
| WELLS FARGO SECURITIES, LLC | $547.3M | 6.25% |
| UBS SECURITIES LLC | $516.0M | 5.89% |
| DEUTSCHE BANK SECURITIES, INC. | $445.0M | 5.08% |
| CITADEL SECURITIES LLC | $400.4M | 4.57% |
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.