C000057622 Fees and Costs — AST Bond Portfolio 2019
Data updated: 2019-11-27
The net expense ratio is 0.88%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $7K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 95%.
C000057622 Fees and Expenses
Annual operating expenses and sales charges of C000057622. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000057622 Costs Over Time
On $10,000 invested in C000057622, assuming 5% a year before costs, total costs come to $556 over 5 years, cutting the return by 0.93% 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 0.88%) | $92 | $289 | $501 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $305 | $556 |
| Value after costs | $10,407 | $11,271 | $12,207 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000057622 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $238.3M
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $78K
- Net income from securities lending: $212 (0.000% of average net assets)
C000057622 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7K | 96.46% |
| CITIGROUP GLOBAL MARKETS INC. | $213 | 2.96% |
| MORGAN STANLEY & CO. LLC | $9 | 0.13% |
| DEUTSCHE BANK SECURITIES INC. | $8 | 0.11% |
| GOLDMAN SACHS & CO. LLC | $8 | 0.11% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $8 | 0.11% |
| CITADEL SECURITIES LLC | $6 | 0.09% |
| WELLS FARGO SECURITIES, LLC | $2 | 0.02% |
| BARCLAYS CAPITAL, INC. | $2 | 0.02% |
C000057622 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $54.2M | 27.26% |
| J.P. Morgan Securities LLC | $50.8M | 25.53% |
| BARCLAYS CAPITAL, INC. | $20.9M | 10.52% |
| DEUTSCHE BANK SECURITIES, INC. | $18.2M | 9.15% |
| Merrill Lynch Professional Clearing Corp. | $12.9M | 6.50% |
| RBC CAPITAL MARKETS LLC | $12.8M | 6.42% |
| BMO CAPITAL MARKETS CORP. | $11.9M | 5.98% |
| JEFFERIES LLC | $6.5M | 3.28% |
| CitiGroup Global Markets Inc. | $5.3M | 2.68% |
| TD SECURITIES (USA) LLC | $5.3M | 2.67% |
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.