C000053818 Fees and Costs — AST Goldman Sachs Multi-Asset Portfolio
Data updated: 2021-03-12
The net expense ratio is 0.91% (1.08% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $608K in broker commissions, 0.0236% of average net assets, and portfolio turnover was 319%.
C000053818 Fees and Expenses
Annual operating expenses and sales charges of C000053818. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.91% |
| 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 |
C000053818 Costs Over Time
On $10,000 invested in C000053818, assuming 5% a year before costs, total costs come to $585 over 5 years, cutting the return by 0.98% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $321 | $585 |
| Value after costs | $10,402 | $11,255 | $12,178 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000053818 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): 0.0236%
- Total broker commissions: $608K
- Bought from dealers (principal trades, not a cost): $12.3B
- Portfolio turnover (prospectus): 319%
- Securities on loan, average value: $116.3M
- Net income from securities lending: $239K (0.009% of average net assets)
C000053818 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $120K | 22.69% |
| NATIONAL FINANCIAL SERVICES LLC | $98K | 18.43% |
| UBS Securities LLC | $62K | 11.72% |
| J.P. Morgan Securities LLC | $55K | 10.41% |
| BARCLAYS CAPITAL, INC. | $43K | 8.14% |
| MORGAN STANLEY & CO. LLC | $41K | 7.66% |
| CREDIT SUISSE SECURITIES (USA) LLC | $36K | 6.87% |
| SANFORD C. BERNSTEIN & CO., LLC | $33K | 6.24% |
| BOFA SECURITIES, INC. | $24K | 4.50% |
| RBC CAPITAL MARKETS, LLC | $18K | 3.32% |
C000053818 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $3.5B | 30.08% |
| MORGAN STANLEY & CO. LLC | $2.1B | 18.11% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2.0B | 17.41% |
| J.P. Morgan Securities LLC | $1.9B | 16.67% |
| CitiGroup Global Markets Inc. | $859.3M | 7.45% |
| BARCLAYS CAPITAL, INC. | $552.7M | 4.79% |
| BNY MELLON CAPITAL MARKETS, LLC | $216.9M | 1.88% |
| WELLS FARGO SECURITIES, LLC | $167.6M | 1.45% |
| SG AMERICAS SECURITIES, LLC | $127.2M | 1.10% |
| Daiwa Capital Markets America, Inc. | $122.5M | 1.06% |
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.